GBP AUDOverall long - however the ranging market is keeping things neutral.
We are waiting for a push into the demand zone and will look for a position long. Royal bank of Australia have news today so during London and New York we will react.
We can see many spikes into the retail zone which will engage retail traders and remove them also as tight stop losses are given.
The top of the range we see multiple shorter wicks which highlights good bullish potential.
Patience
HERE COMES THE MONEY !!!Hello, my people,
Long time no see, isn't it? The time for the BIG MONEY has finally come! This is the chance of the decade to become millionaires - by investing in oil now. Oil is the door, patience is the key and money are waiting when you open this door.
See what's going on - COVID-19 is making oil prices go down, the lowest level for many years. Additionally, OPEC, the alliance of the biggest oil producers, is "punishing" Russia by making bigger output and further decreasing the prices. But how long do you think this will last? Not much at all! The Corona virus dies at warm temperatures and the SUMMER is already knocking on the door in some countries. Also, OPEC doesn't have interest in maintaining low prices as it loses the most from it. And whats MOST IMPORTANT - the potential profit is over 5 times more than the potential loss. THIS IS FIVE TIMES, MY PEOPLE! FIVE TIMES!!! And it is if the price of oil becomes 0, which is impossible.
So my expert analysis is just invest considering the worst case of oil becoming 0 (which will not even happen for sure). Then just wait for the price to go up until you are satisfied with the profit. Please, note that this may take several months or even 1-2-3 years. As I said, patience is the key.
*NATGAS goes together with oil so you can do the same there. BITCOIN Cast shows similar patterns as well.
Good luck, you young millionaires and soon YOUNG BILLIONAIRES!
CADJPYCADJPY short took full effect.
Looking on the weekly time frame - the liquidity spike was the last previous touch of a demand zone.
The Supply on a daily zone had a small order block and the trend is bearish as Yen (safe haven asset) is strong.
Swing trade hit the target and carried on through.
EUR/USD Important Price ZoneEUR/USD is currently at a very important price zone. The price had gapped above current price back in 2007 when the French President was elected and we are now back to the same price. I am watching for price to either close the gap or rise from its current price. Wait for the set-up please, I will be updating!
Bitcoin - A Visit Into The Monthly From my last post to now, what did you observe? If we look into the lower timeframes, we notice one thing:
- we get scared.
- we read headlines.
- we cloud our judgment.
The most successful and rewarding trades of all are always done on a macro scale. With this simple fact we must learn to be patient and trust in the macro timeframes.
IMO , this is a long. A monthly open long as we head towards our next monthly resistance.
That's all for now.
Waiting for the break on GOLD (XAUUSD)Now the price is within a zone from where we are waiting for the breakout or the breakdown.
Note that fundamentals are coming soon so the market can be choppy. Therefore search for the signals afterwards.
Wait for a significant breakout or breakdown candle around the support or the resistance zones marked with grey. You can use lower timeframes for better signals but don't forget to pay attention to the H1 and H4 in the meantime.
$XBTUSD - Bitcoin Technical analysis - Trend still bullish !Hello Everyone, hope you are liking the analysis that i have been posting on Bitcoin and Ethereum.
Bitcoin run has been the best thing that has happened in this new calendar year. Now that we are over 9000$ for the 6th time, Let us look at Bitcoin from monthly perspective. It clearly shows that hurdles that Bitcoin has towards 10000$ and beyond.
We are currently in big monthly resistance zone which is at 9290$ to 9615$. It looks like it would be tough for Bitcoin to cross this level however in my opinion, this time it will cross this zone smoothly.
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Thanks for visiting !
Yo Crypto