ADA still looking really bullish!If we can break above this key level at 1.31 we could see ADA return to new ATH. Something to note is that throughout this correction ADA has been relatively stronger than BTC and other alts. A break above the descending trendline then consolidation is bullish. The real important trendline to watch is the thick blue one as is is made by connecting the tops of the 2 previous highs in 2021.
Opportunity
KeepCalm. After BTC disaster, bears are being killed. Will grow.Just hold and be patient, this is not the first time that we see the market doing this.
Go to binance and see the order book at 0.001 and you will see a big buy presure vs a weak and small sell presure.
24 H volume is very small right now too, this is a very good signal indicating that the crash got braked.
F2Pool is the main guilty here after a 3000 BTC dumping.
Remember the AVAX situation on december, it came from 3.50 - 4.50 to 2.80, and now it's on +$20
Just hold and be patient. Alts crashed by the BTC crap are exploding by +50%, REEF turn is upcomming.
Be rude, not a paperhands.
Trading is the site where a weak person gives his money to strong people.
USDCAD Short opportunity could be in play by end of next weekHappy Weekend Traders,
Thank you for your likes and questions. If you have any queries feel free to message me.
I have had a few questions around how I build my analysis for the week. Here is one idea, I am looking at, I haven't placed a trade but is on my watchlist due to the below:
Bias: Short USDCAD
Type of idea: Swing
Please note: This chart is 4hr but the EMA is based off the Daily chart. I have used 4hr chart as a way to identify the price action so I can get into the trade early if it moves in my direction but not too early just in case it is noise.
Rationale:
1) Price has reacted between the Daily Chart 100EMA (Red line) & Daily Chart 50 EMA (Amber line) 2 times ( see pink circles)
2) Long term the pair is in a down trend
3) Near term the pair is in a down trend (Black line)
What am I waiting for:
1) USA news release next week (PMI, Non-Farm, Unemployment) I am not going to trade these releases but merely keep an eye on the release and see how positively or negatively it impacts the pair.
2) If news is negative for USD and price closes below Daily Chart 50EMA I will place a short
3) If news is positive for USD and price moves above Daily Chart 100EMA I will not place a trade
Point to note traders: Be careful of all USD pairs this coming week due to the news releases (that is only if your strategy doesn't include trading news releases).
If you like it give it a thumbs up and I will post a follow up should this pair move in favour of my bias.
Have a great weekend, Happy Hunting!
EUR/USD could move UP again!Hey tradomaniacs,
And once again we see a potential FAKEOUT in EUR/USD and so DXY (US-DOLLAR-INDEX) below the significant demand-zones 👉
Remember? This has been our long-entry this week! Equities have re-tested the lows of the asia-session, which also a reason for the current harsh moves down in majors vs. USD.
These retracements are not usual in a healthy market and shows how volatile it is.
Let`s see what we get later on, but if this level holds, we could open a long-position as soon as we got the confluence in the market.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NZD/USD re-testing a very strong supportHey tradomaniacs,
with the rising yields we have seen a strong cashflow out of yields into bonds causing equities to suffer, which is good for USD and bad for risk-on-currencies such as NZD/USD.
Now we are re-testing a very strong support-zone and I`m wondering whether we are going to break through this leven or not.
In terms of wave-analysis, this might be a strong retracenemt in form of Wave-2!
Market keeps retracing and I will wait for the US-Session now.
If uncertainy continues we might see breaks of more important key-levels.
It all depends on the correlations and how equities will continue this afternoon.
Let`s see what happens with the US-Session. :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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DXY (US-DOLLAR) re-testing a strong Resistance-ZoneHey tradomaniacs,
I currently don`t see any reason for the moves against us as DAX30 and SPX500 consolidate in a flag-pattern while Crude OIL is about to pump away the support-zone.
DXY (US-DOLLAR) has re-tested a strong resistance-zone... why we`ve seen the pump is another question (Manipulation, SL-Fishing)?
#PureCHoppyness
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/USD: Daytrade-Preparation
Market-Buy: 1,21620
Stop-Loss: 1,21250
Point of Risk-Reduction: 1,21865
Take-Profit: 1,22430
Stop-Loss: 36 pips
Risk: 0,5% - 1%
Risk-Reward: 2,30
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
AUD/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
AUD/USD: Daytrade-Preparation
Market-Buy: 0,78450
Stop-Loss: 0,77900
Point of Risk-Reduction: 0,78935
Take-Profit: 0,79990
Stop-Loss: 55 pips
Risk: 0,5% - 1%
Risk-Reward: 2,90
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
USD/CAD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
USD/CAD: Daytrade-Preparation
Market-Sell: 1,26140
Stop-Loss: 1,26600
Point of Risk-Reduction: 1,25875
Take-Profit: 1,25220
Stop-Loss: 42 pips
Risk: 0,5% - 1%
Risk-Reward: 2,20
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
NZD/USD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
NZD/USD: Daytrade-Preparation
Market-Buy-Order: 0,74500
Stop-Loss: 0,74140
Point of Risk-Reduction: 0,74800
Take-Profit: 0,75220
Stop-Loss: 36 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
EUR/AUD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/AUD: Day-Swingtrade-Preparation
Market-Sell: 1,53100
Stop-Loss: 1,53910
Point of Risk-Reduction: 1,52500
Take-Profit: 1,50850
Stop-Loss: 81 pips
Risk: 0,5% - 1%
Risk-Reward: 2,8
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
NZD/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
NZD/USD: Daytrade-Preparation
Market-Buy: 0,73310
Stop-Loss: 0,72940
Point of Risk-Reduction: 0,73675
Take-Profit: 0,74140
Stop-Loss: 37 pips
Risk: 0,5% - 1%
Risk-Reward: 2,30
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
USD/CHF SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
USD/CHF: Daytrade-Preparation
Market-Sell: 0,90730
Stop-Loss: 0,91020
Point of Risk-Reduction: 0,90430
Take-Profit: 0,89845
Stop-Loss: 30 pips
Risk: 0,5% - 1%
Risk-Reward: 3,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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SPX500 UPDATE with S/H/S-InverseHey tradomaniacs,
SPX500 is creating an S/H/S-Inverse-Pattern 👉
A break above the Neck-Zone could cause a clean bullish momentum as price is currently under a significant resistance-zone.
A trigger of stop-losses could attract more buyers to take action.
More risk-on-sentiment in the market would be awesome for our trades.
As you know, I can`t give you exact data for a trade as price varies from broker to broker❗️🙏
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Golden cross confirmed on CWBRHello everyone,
We have a golden cross confirmed on the daily chart, good opportunity to buy.
I estimate a 25% raise in the next 5 trading days.
USD/CAD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
USD/CAD: Daytrade-Preparation
Market-Sell: 1,25815
Stop-Loss: 1,26315
Point of Risk-Reduction: 1,25340
Take-Profit: 1,24625
Stop-Loss: 50 pips
Risk: 0,5% - 1%
Risk-Reward: 2,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
SPX500 could MOVE UP soon!#UpdateHey tradomaniacs,
SPX500 aswell as other Indicies had a rough start into the day and we finally see some healthy retracements❗️
Looking at SPX500 you can see that price is re-testing a very interesting zone of a potential reversal 👉
Considering how weak the Forexmarket reacts to the global sell-off I really doubt that we are going to see a continuation of the current move, unless fundamentals by Powell will cause more uncertainy.
If SPX500 moves up from here we might see trend-continuations in the Forexmarket and strong pumps.
Let`s see what the Wallstreet is going to do.👌
EUR/NZD SELL IDEA
EUR/NZD: Swingtrade-Preparation
Hey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/NZD: Swingtrade-Preparation
Market-Sell: 1,66700
Stop-Loss: 1,67700
Point of Risk-Reduction: 1,65660
Take-Profit: 1,63160
Stop-Loss: 100 pips
Risk: 0,5% - 1%
Risk-Reward: 3,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/JPY BUY IDEAHey tradomanics
Alternative setup with a way higher risk-reward!
After JPY-Manioulation a great entry here!
EUR/JPY: Day-Swingtrade-Preparation
Market-Buy: 127,700
Stop-Loss: 127,390
Point of Risk-Reduction: 128,150
Take-Profit: 128,910
Stop-Loss: 30 pips
Risk: 0,5% - 1%
Risk-Reward: 4,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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CAD/JPY BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
CAD/JPY: Daytrade-Execution
Market-Buy-Order: 83,650
Stop-Loss: 83,190
Point of Risk-Reduction: 83,910
Take-Profit: 84,600
Stop-Loss:45 pips
Risk: 0,5% - 1%
Risk-Reward: 2,15
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
EUR/USD BUY SIGNAL
Hey tradomaniacs,
welcome to another free trading-setup.
EUR/USD: Daytrade-Execution
Market-Buy: 1,21000
Stop-Loss: 1,20540
Point of Risk-Reduction: 1,21450
Take-Profit: 1,22210
Stop-Loss: 46 pips
Risk: 0,5% - 1%
Risk-Reward: 2,60
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me