Technical
EURO USD SELL ANALYSIS Here is my analysis for the coming weeks , the supply zone above 50 on the fib retracement are our discounted prices for euro , usd if we are to keep going in a downtrend .
if we break the supply zones then we could start looking at potential reversal but at the moment no sign of that yet .
Sell position in this currency pairConsidering that according to the world economy, most currencies such as the pound and the euro have been under the pressure of the US dollar, and according to the channel strategy that I have mentioned on YouTube, we have overlapped resistances (daily channel ceiling and 20 daily moving average). The sell position is logical from a technical point of view, but if the channel fails, the sell position will be canceled. So, the possible option is that you can trade with high volume for selling, and for buying with low volume, but remember to set a loss limit. You can even hedge positions.
Be sure to suggest and criticize in order to improve this strategy, I welcome it
BTCUSDT - Trend reversal from $24k to fib retracement $29kTechnical Analysis
Weekly oversold (shown by low RSI and Williams %R )
Price attempting out above $24k and entering the pocket between 10EMA and 20EMA on the weekly chart for a potential retracement to £29k (weekly 20EMA/ 0.236 fib level)
Price Target
Entry $24k
Target 1: $26.5k
Target 2: $29k
Gold will hit 1710?In this chart I have shown the probability of Gold reaching the 1710-1712 price range in the course of next few days.
It has broken its' one week trend line and is heading towards the two weeks trend line, if it is broken too, the next target could be highlighted area with the rectangle.
What to include in your Trading RoutineMost people dive straight into trading without knowing how or why. They also don’t plan ahead.
This is why most people are unsuccessful at trading.
Having a well developed plan is KEY 🔑 to trading success!
Let’s see what in must need in trading routine:
1. Trading Journal 📝
You won’t improve without a trading journal, your whole trading routine is built around your trading journal. The time you’re trading without one is wasted time period.
2. Backtest 📌
Do it every week at least once.
Backtesting increase:
- Confidence in your strategy;
- Self-confidence to execute it;
- Discipline (when you’re confident about your strategy, you are more likely to respect it.)
Tip: Journal your backtested setups.
3. Weekly mental preparation ⏳
Write down things like:
- What are the things you want to work on.
- What are the habits you want to improve.
- What are your goals for next week.
4. Technical preparation 💡
- Make your analysis.
- Study the different price scenarios.
- Prepare your trading ideas.
You can do it weekly or daily depending on your needs.
5. Weekly performance analysis 🎭
Open the psychology section of your trading journal:
- What did you do well?
- What could have you done better?
- What lessons did you learn?
- Realization about yourself, your strategy and the market.
6. Wins and Losses analysis 🌓
- Open the charts of your trades one by one.
- Read your mistakes
- Write down at least one lesson you took from each trade.
Tip: always take a screenshot at the exact entry point of each trade. This allows you to mitigate the hindsight bias and develop your pattern recognition skills.
7. Writing ✏️
Write down your thoughts and emotions on bad days.
It helps you understand your mind and gives you clarity.
It’s a great way to focus on the process and be patient.
8. Activities outside of trading 🚴🏻♀️🚣🏻♂️
You’re going to lose motivation and belief with your trading many times, you need to have extra motivational source.
If you only rely on your trading results to feed your persistence, you ganna give up easily.
If you like this content help me grow ❤️🌱
I’d be happy you add more tips to learn from each other
BTC forecast +20% in deposit signal!▪️Deadline for the deal is 7-10 days. Technically, it looks very nice, we are trading at the lower border of the channel, also pay attention to the indicator below, it signals a buy, you need a short stop count for your risk management.
In order not to miss a buy signal, subscribe and stay tuned for new ideas. Every day I post 10 profitable ideas a day.
BTC/USDT 1hr CHART UPDATE!!Hello everyone welcome you all to this exclusive BTC 1hr chart update.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As we can see from the above-mentioned chart that BTC recalled its previous position after a sharp bounce of 13% from the lower green support level of $21k.
In the current scenario, BTC is about to face its local resistance level of $23.8k.
MACD also printing slightly lighten green bars and it's about to print a bearish cross over.
Here we can see a short pull back to lower levels and bounce towards the price level of $25k.
Let’s see how it goes in the upcoming hours.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.