Market Insight on Bitcoin!I'm not a crypto expert but this is what I see on the D1 graph of bitcoin. Current trend is downtrend, might want to consider short position. But for the time being, I'm neutral. (Playing safe). xD and trade safely guys!
Lukman_m
Short term Long on USDCADPrice is trading in the area of support. I would go long for a short term trade with stop loss about 15pips below the support line to make sure it is not triggered by the market's noise.
Insight on GBPJPYDue to the recent election result, the GBPJPY pair has made a big bullish movement resulting in high volatility condition. My view on this pair is that the price may not retest the new support area due to the high momentum. I think that the price might go towards the area of major resistance and made a side way movement there.
USDCHF broke out of two months ranging market!Price might retest the support become resistance area. Apart from the price action, we can also see the divergence between RSI and price where RSI increases while price continue to move down.
Long potential for EURNZD.In the longer time frame, we can see the price is trading near the support area. In the shorter time frame, the price broke the short term resistance line. This mean that price is building up momentum near the support area giving us opportunity to go long with minimal risk.
Looking for long setup as the support was not broken!The trend line and support line forms an area of confluence and so far the support area is still holding. We can start to search for long setup.
Opportunity on NZDJPY might come soon.As for now, my position is still neutral as I am waiting for more information and confirmation. On the longer time period, the price is in the downtrend. Naturally, I will be biased on the short opportunity. Now, I am waiting for the price to trade into the blue area where we will be ready to look for short opportunity.
Sideway period for EURCHFSelling momentum is weakening as the buying pressure is almost equal to selling pressure.
Possible strong move on AUDCAD!As you can see on the chart, the downtrend loses momentum and made a sideway movement. This signals that a potential big move might happen.
Long setup on GBPJPYPrice broke from the two weeks ranging market and form a symmetrical wedge pattern which is a trend continuation pattern. Looking for long movement.
Short setup for USDJPYThe price failed to penetrate the dynamic resistance line provided by the ichimoku cloud and the parabolic SAR shows a sell signal.
Bearish market for USDJPY.The price is trading near the D1 trend line. We should be looking for sell setup.
Pessimistic sentiment on GOLD!Based on the trendline and ichimoku cloud, wen can see that the price is in the bearish movement for the past few weeks. The selling momentum is present. Time to short.
Breakout from low volatility range.GBPJPY pair was in a two weeks ranging market with an extremely low volatility. The recent breakout from the ranging market and accompanied by increased volatility and momentum signalling a possible trend continuation.
Support Become Resistance (SBR) on UsdChfThe usd currency is taking a toll from the trade war between China and USA. That is why this pair is not able to break the new resistance. I am going in for a short position. Trade Safely!
GBPNZD making double TOP!It is time to continue shorting GBP currency as the dark horizon of brexit is approaching soon. I would say that the downtrend momentum is still strong in the bigger time frames while the current short term uptrend might be the upward pullback taking place. Anyway, Trade Safely!
Upward Pullback on GBPJPY. Short opportunity!The current sentiment for gbpjpy is quite optimistic, however I personally think that the Great Britain economy will be hit when Brexit occurs. When Brexit occurs this October, we may see a temporary contraction of GB economy during the transition period that will weakens the pound sterling. The selling momentum on the D1 time frame is also quite strong. Trade Safely!
Upward pullback ending! Time to shortFor the past few months, this pair has been trading in a downtrend momentum until recently the price makes an upward movement. I believe that this is only an upward pullback and the price is going to continue its downtrend movement soon. Trade Safely!
Upward Pullback on GAThe trend for Great Britain Pound Sterling (GBP) is still downtrend. I think the market is making an upward pullback in the event of prime minister resignation. Fundamentally, Great Britain will be facing a challenging time ahead with a possibility of hard Brexit. If Brexit were to occur, British economy will be damaged either soft or hard Brexit. It is a matter of how much the damage. Trade Safely!
GOLD price is in the area of support.The price is currently trading in the area of support. I expect the support to hold and pushes the price back into its current uptrend. Trade Safely!
Possible range movement for EURJPY!The price is losing its momentum and shifting into ranging market movement. In ranging market, we can trade based on the range's support and resistance line due to its ability to hold. Currently, the price is in the area of support (red line) and I believe the support is strong enough to push the price towards the resistance area (blue line). This gives us the opportunity to make some quick profit! Trade Safely!
Short opportunity on NZDUSD?The past few weeks, the downtrend movement seems to be fading and the price trades in the ranging market (box). As for now, trend reversal might happen, but not yet confirmed. As for now, I am going to initiate a short position on NZDUSD giving the price trading near the resistance trend line (red line) my stop loss would be near the area of previous week high.
Price testing the new support lineIt is possible top go long again given the current buying momentum. I expect the price to reach the area of 1470s. However, trading this setup requires a little big stoploss due to the volatility of the price. Trade Safely!
