The Top 3 Reasons You Should Watch This Forex PairIts been a while since i recommended
trading a Forex pair..sorry about that.
Besides my nickname is Lubosi Forex For a reason right?
Now am going to share with you my
market analysis and market strategy for this
forex pair CAPITALCOM:GBPAUD
So just hang tight and enjoy the ride.
Here we go..
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First thing is here, do not short sell
this price action - because of the crash
you may think the price will
drop further. Dont fall for this
bearish price action.
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Second , notice the candle stick pattern?
its a counterattack bullish pattern
according to a book I read by Steve Nisson
About Japanese Candlestick Charting.
The counter attack has a red bar,
followed by the green bar which
Opens lower than the last close..
Closing lower than the last close.
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Third , on the catalyst you will notice
that the Bank Of England has forecasted a drop
interest rate as decision which is
Happening this week.
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And finally , Austrialia is forecasting a drop
in a balance of trade.
Its important to note that
When a balance of trade drops
from Australia, it shows you
the health of that currency of that country
Stay tuned to the economic calendar this
week to see if these forecasts will happen
As stated..Trade safely
Remember to rocket boost this content
to learn more.
Disclaimer: Trading is risky
please learn risk management and profit-taking strategies.
Because you will lose money whether you like it or not.
Moving Averages
Bitcoin is going to 63k???!!!Hey guys!
I know it's weekends, but some of the markets are working today and I decide to talk about current BTC position.
So, we're making this cool off, which is also almost full A correctional wave and in 2 days we have US elections, which can be really affective.
Plus the volumes have convergence with the movement RSI is still uncertain, and MA cross on 4H is bearish.
For me, we could easily fulfill the C wave and after we can find the next enter point.
Your thoughts? How elections will influence?
MY TV COMPETITION WTICOUSD LONG IDEA 01/11/2024Direction: Long
SL: 66.862
Indicators:
1. MA (20,50,100,200)
2. Trendline - Algo
3. Support and Resistance
4. Fib Level
5. I also use MT5 - Tradingcentral tools
Technical:
1. MA 20 Yellow is below the MA 100 and 200 (Purple and Red) but looking for it to reverse and go up and above the 50,100, and 200.
2. Green Trendline was broken recently.
3. Price bounced off from a support zone.
4. FIB level at 0.382.
5. Tradingcentral tool signaling Rise on Time frames 15m,1h,and 4h but it is bearish and signaling DECLINE on daily time frame at the moment.
Fundamental and economic:
1. Geopolitical tension is adding some volatility to OIL prices.
2. I use Edgefinder tool which shows me a score of -3 "bearish" on USOIL but I think this trade idea is for short term and more of a "I predict that this might go to xyz based on the technical and fundamental insights".
3. We are in Q4 and usually there is alot of volatility mostly bearish but I'm going against it since we have US elections coming up.
MY EURUSD SHORT IDEA 01/11/2024Direction: Short
SL: 1.0849
Checklist:
- MA 20 going downward
- Break of Trendline
- Fib level
- Bounce from a Support/Resistance
- Penetrate a Support/Resistance
- Edgefinder Score
- Correlation Confluence
- Trading Central Preference
Technical:
1. MA 20 Yellow is falling to MA 100 and 200 (Purple and Red).
2. Red Trendline was broken recently.
3. Price bounced off from a Resistance zone.
4. No FIB level found.
5. Tradingcentral tool signaling DECLINE on Time frames 15m,1h,and 4h but it is bullish and signaling RISE on daily time frame at the moment.
6. Q4 seasonality is bullish actually but with a short term bearish.
Fundamental and economic:
1. I use Edgefinder tool which shows me a score of -1 "Neutral Bearish".
2. We have US elections coming up and regardless of which president wins it’s going to be bullish for USD.
3. US NFP came out horrible 12k but market wants a revision and is in a speculative state.
4. EUR / DE10Y is falling.
5. USD is on the rise after a recovery.
6. VIX spiked a little.
2 ALTCOINS in 2 MINUTES | AAVE & RUNE | Great UpsideTwo altcoins in under two minutes - each with a bright future and good-looking upside potential.
BINANCE:AAVEUSDT
AAVE might e heading back to retest a crucial support zone, in other words - you could get a cheaper entry. A good place to look for potential buy zones, is on the moving averages in the daily. The price is on the right-hand panel, and indicates possible bounce zones:
BINANCE:RUNEUSDT
RUNE is slightly more advanced in the bullish cycle, forming higher highs after retesting the key support. There is still a major upside potential. Ultimately, the earlier / lower you buy, the better (unless you are a swing trader or scalp trader).
Either way , many altcoins will begin to pick up now that BTC is trading sideways.
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ASML Holding | ASML | Long at $680.00NASDAQ:ASML Holding, a developer and servicer of advanced semiconductor equipment systems for chipmakers, dipped backed into my overall, long-term selected simple moving average (SMA). From here, stocks typically bounce or drop, but given the AI boom is far from "over", I anticipate another bounce to eventually close the gap near $1,060. It may show some minor weakness to close the gap in the low $600s and get the bears excited. But, unless the economy further shows major weakness in the semiconductor space, NASDAQ:ASML is in my personal "buy zone" at $680.
Target #1 = $730.00
Target #2 = $915.00
Target #3 = $1,060.00
MY GBPNZD SHORT IDEA 01/11/2024Direction: Short
SL: 2.16529 - 2.16417
Indicators:
1. MA (20,50,100,200)
2. Trendline - Algo
3. Support and Resistance
4. I also use MT5 - Tradingcentral tools
Time Frame: 4h (I also use other time frames mainly 1D because I like to trade for long period of time)
Technical:
1. MA 20 (Yellow) still above 100 and 200 signaling a bull bias but I think this is a pivot and it is the beginning of a bearish setup I think the MA 20 will fall below the 100 and 200 soon.
2. Green trendline was broken previously so I'm looking for a breakthrough the red trendline.
3. Price respected the resistance zone and is falling backdown to support.
5. Tradingcentral tool signaling DECLINE on all time frames but the 1D time frame at the moment.
Fundamental and economic:
1. GBP economy has been stabilizing and mildly bullish recently but then took a small hit after the 30 year green gilt auction.
2. NZD has been struggling a lot but I think the upcoming week is in favor for NZD with their unemployment news.
2. I use Edgefinder tool which shows me a score of 4 "Neutral" and it also shows me -5 "Bearish" for GBPUSD.
3. Q4 historically is bearish for this pair according to the seasonal indicator by Tradingview.
MY COCOA LONG IDEA 01/11/2024*Did not enter this trade yet*
Direction: Long
SL: 7425.4
Indicators:
1. MA (20,50,100,200)
2. Trendline - Algo
3. Support and Resistance
4. I also use MT5 - Tradingcentral tools
5. Fib
Time Frame: 4h (I also use other time frames mainly 1D because I like to trade for long period of time)
Technical:
1. MA 20 (Yellow) is very bearish and below the MA 100 and 200 (Purple and Red) but I expect a reversal in this pattern.
2. Red trendline was broken previously so I'm looking for a breakthrough the green trendline.
3. Price respected the Support zone and is rising towards the fib level at 8216.2.
5. Tradingcentral tool signaling RISE on all time frames signifying a very bullish Price action.
Fundamental and economic:
1. COCOA is a very tricky commodity but we can simplify this by looking at the COT data where they were short about 1-2 weeks ago making a short-term bearish setups and I think we are past that phase because in the long run COT is bullish on COCOA.
2. Q4 historically is bullish for this pair according to the seasonal indicator by Tradingview.
3. US Elections, Halloween, Winter season, and Christmas is an influence in the Demand of Cocoa.
FLOKIUSDT.P
To Whom It May Concern,
This is an analysis of FLOKI, another memecoin, on the daily chart. My outlook leans towards the bearish side.
The trend is declining within a weekly gray parallel channel. Since August 5th, the price has made a series of lower lows (see the green trend line) but has been rejected by both the 200-Day MA and the upper part of the channel.
It appears a triangle is forming, with low volume for the bulls. My bearish bias is supported by the two resistance levels above the price: the 200-Day MA and the upper side of the parallel channel. My bullish bias, however, is based on the higher lows along the green trend line.
Overall, my stance is bearish, as the longer-term resistances present a stronger obstacle than the green trend line support.
If you have any questions or comments, please feel free to share.
As always, this is not financial advice. Stay safe and focused!
$SPY November 1, 2024AMEX:SPY November 1, 2024
15 Minutes.
Gap down did not allow to initiate any short which were closed earlier around 579 levels.
575 supports did not hold and AMEX:SPY continued to make lows.
For the large rise 539.95 to 586.12 4SPY retraced to 38.2 % levels and also 50-day average in daily.
If this is not supported, we can expect 558-=562 levels which is 100 averages.
If we see the daily chart 565 is important to hold.
If this is broken, we have a history where AMEX:SPY went back to 539-540 levels twice from that number.
No trade day today.
How ever for the fall 583.32 to 568.44 a retracement to 578 levels will give a chance to short. Depending on moving averages. At the moment SL is 580 being 200 averages in 15 minutes.
We are having an oscillator divergence at lows near close. So, i expect a retracement.
HUDCO NSE CHANNEL BO WTF POSITIONAL HUDCO NSE STOCK Analysis
TRADE PLAN (DTF Close Price for POSITIONAL
ENTRY -223 25 % Qty, Add 50% qty 250 DTF Close
SL - 192
TARGET --01- 278 , TGT02-- 361
Hold For a -1 + Year or TGT 2
Chart Pattern :
STOCK had a 4Month Streak to Touch an ATH of 350, Retracing in below 50% FIBO Level forming a Bullish Flag /Channel Pattern.
INDICATORS EMA :
The Price is Currently Trading above 200EMA, and 20EMa below 50EMA in DTF. STOCK EMAs are currently in Transitional stage of Bearish alignment where price has recvocered 11 %+ with low Volumes indicating an EARLY start of a bullish Reversal on WTF.
FIBO/E :
Currently the price is below 50% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Investors Enter above 224 .
Volumes: There is a no significant increase in Volume on the Weekly Charts for1 Weeks after the 16 weeks Pullback.
Maintain a Strict SL
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses...
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
NATCOPHARMA :NSE BULLISH FLAG & TRENDLINE BO DTF/WTFNATCOPHARMA STOCK Analysis
TRADE PLAN (DTF Close Price for SWING /POSITIONAL)
ENTRY - 1413 50% Qty, Add 50% qty 1482 DTF Close
SL - 1320
TARGET --01- 1482 SWING , TGT02--1624
Hold For a 6M -1 Year or TGT 2
Chart Pattern :
STOCK had a 3Month Streak to Touch an ATH of 1639, Retracing to 50% FIBO Level forming a Bullish Flag Pattern.
INDICATORS EMA :
The Price is Currently Trading near 50EMA, and 20EMa below 50EMA in DTF. STOCK EMAs are currently in Transitional stage of alignment where this week an. 8%+ price rise with reasonable Volumes indicating start of a bullish Trend on DTF/WTF.
FIBO/E :
Currently the price is above the 38.2% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Investors Enter as above .
Volumes: After the surge in volumes in the past 3months There is a muted in Volume on the selling side of the Weekly Charts after the 4 weeks Pullback. Results a=for the Quarter are due next week.
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses...
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
BOMEUSDT.P
To whom it may concern,
Is BOME still relevant in the memecoin frenzy?
My take on the chart is bearish for a couple of reasons, which I’ll share with you. First, there’s been a rejection from the 200-Day EMA, followed by what’s happening right now—a false breakout above the 20-Week EMA. If today’s close is below this black line, we’ll see a combination of rejection signals.
The volume also looks unfavorable for the bulls.
This is not financial advice. Stay safe!
Bitcoin need correction before to break new ATH?Hey guys!
Here is fresh thoughts about current BTC situation.
For me, looks like we had Elliot Waves with all this growing movement and can have some correction before to continue move up. Also RSI showing us that is need some cool off.
But volumes are growing and the MA cross is bullish here. So this correction can happen, but the movement can be not that big.
Lmk your thoughts in the comments 👇
MY NAS100 LONG IDEA 31/10/2024Direction: Long
SL: 1950-1966
Indicators:
1. MA (20,50,100,200)
2. Trendline - Algo
3. Support and Resistance
4. Fib Level
5. I also use MT5 - Tradingcentral tools
Technical:
1. MA 20 still above 100 and 200 so I believe we still have room for bull run.
2. Red trendline was broken so we have a price drop but I also see a possibility for the price to and breakthrough the green trendline.
3. Price is dropping to a Support zone and I have a confirmation on Tradingcentral tool on MT5.
4. FIB level at golden zone.
5. Tradingcentral tool signaling DECLINE but price is bouncing off of the support area at the moment.
Fundamental and economic:
1. US economic data is looking good we had a bunch of data that negatively impacted the prices but I think these are good retracement opportunities.
2. I use Edgefinder tool which shows me a score of 5 "bullish" on Nasdaq.
3. We are in Q4 and usually this is where we find good setups for long run.
PNC Financial Services Group, Inc.On the above weekly chart price action has corrected 50%. A number of reasons now exist to be long, including:
1) RSI resistance breakout.
2) Regular bullish divergence. Measured over 2-months.
3) A Double bottom prints.
3) Price action prints on the 100-week RMA with the divergence. Look left.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: 6%
Timeframe for long: A week or two.
Return: 50% minimum
Stopless: 94
Moving average crossover strategy by Cripto SolutionsI have been working with the crossover strategy for some time, I have been doing backtesting and I have been surprised by the level of success that they leave me with when it comes to putting it into practice. It is simply based on looking for where we have moving average crossovers, which are areas where The price ALWAYS has a reaction no matter how the movement comes. If it is going up it reacts downwards, if it is falling it reacts downwards. I have an operation precision level of more than 97% and with SL that does not exceed 1%, reducing unnecessary risks. The ideal is to identify the crossings from highest to lowest temporality, (Weekly, daily and 4H) smaller temporalities to polish the entries well. Put it into practice, you will never use an indicator other than the EMAs (5,20,200)