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USD/CHF likely to move UP!Hey tradomaniacs, looks like USD/CHF has found support after the recent breakout. So far we have seen a 3-Wave-Correction which could be finished soon. Price is attempting to break out of the trendline in order to trigger the potential double-bottom which could cause a high probabillity long-setup. Swiss is less likely about to increase interest-rates today, so USD might still be strong against the CHF. Technically a good upcoming long imo. Lets see what happens! =)
Long
by Trading2ez
1
GBP/USD lilely to fall!Hey tradomaniacs, GBP/USD looks like it wants to fall after the previous fakemove above the key-resistance-zone in roder to grab liquidity. The fakeout is so far confirmed as the ex-resistance did not turn into a support-zone showing that retailers are probably getting fooled by sellers (those who buy the retracement of the breakout). The break below the trendline is also an indication for a fall, even tho we have to be carefully due to the recent fakes below it. Lets see what happens =)
Short
by Trading2ez
1
USD/CHF likely to move UP!Hey tradomaniacs, looks like USD/CHF is about to move up after the recent volatile spike to the downside which is a stop-loss-fishing move. Technically we see a correction and finally a breakout above the trendline, while the horizontal support was holding and indicates accumulation. However, last spike down plus the recent breakout are a great indication for a long. As always, be carefully in this volatile market, especially ahead the ECB-Event today. Let`s see what happens! =)
Long
by Trading2ez
1
All Gaps Must FillA gap from Dec 2020 was closed in trading yesterday. It would seem that asset managers are liquidating assets of companies with large manufacturing operations in Russia. Magna has 2,500 employees in Russia in 6 facilities. Russia conflict is likely to add even more supply chain constraints for auto manufacturers. I really like Magna, should the conflict in Russia resolve itself, Magna will be positioned as a great investment opportunity on a discount with a good dividend.
NYSE:MGA
by SPYvsGME
BTC DIARY CORRECTIONGood morning, follow BTC analysis and a possible trade for the next few hours. If you are enjoying the analysis and have questions and suggestions, leave a comment below, like and subscribe, also follow me on Twitter. Comment if you are interested in knowing more about timeframes, the indicators I use and even other indicators that I have programmed and that have helped me a lot, I can write explaining them. Twitter: @Jack74541196 Indicators Used • RSI • Light RSI • VPRP • Averages of 12 and 26 periods • Graphic pattern Current scenario BTC is now looking for a rising bottom on the daily chart, this usually occurs when the 1h chart goes oversold on the RSI. One factor can harm this trade, BTC has already hit 1h on short and I exit quickly, this can cause our orders not to be executed, on the positive side, below the buy zone there is strong support which makes us more comfortable to place our orders and a clear STOP LOSS point. The news about the war between Russia and Ukraine has been losing strength in the market, affecting less and less, as expected. SPY500USD looked for a correction on the 1h chart (5 min oversold) and held at 42700, which is excellent, probably on SPY we will have a GAP at the opening followed by a rally. Conclusion Using VPRP we map the price ranges where BTC will find support and resistance (red and green box) and within this range we can find the highest resistance prices (red line). Knowing that the daily chart has had a big rally and now needs to correct, let's use the RSI lvls to find the price range on the 1h chart that corresponds to this correction (yellow box). Finally, we use the Fib Retracement, to see where the 0.65 line (gold line) is, a great buy indicator. The Fib retraceally coincides with the entry of the RSI lvls at 1h, which in turn has a strong resistance zone at the most extreme values. The price came looking for the 0.5 of the Fib Retracement, in its first decline, which indicates a probable pattern of equilibrium in lesser timeframes and when analyzing the 5m an ascending wedge was found, an exhaustion pattern that usually breaks down, being able to boost the price down towards our buy zone. Finally, the 12 and 26 emus merged at 4h forming a strong resistance increasing the need for BTC to form an ascending bottom on the daily to have strength and break them. I will divide my capital into 5 parts and distribute it in the range of 36400 to 35500 (strong psychological number) and have my STOP LOSS at 34198, just below the last strong resistance. How to get out. I execute my exits in parts, when I reach the first resistance zone, I leave with part of the profits and update my STOP LOSS at each bottom formed in lower timeframes. This guarantees profit and security in unstable times like these.
Long
by RodrigoHonorioUK