ANALYSIS ON GBPCADHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price is at very crucial point. Wait for a breakout.
Let us know your views on this in the comment section. Thank you all.
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Ryan.R..Lopes
Trend-trade
THE TREND IS YOUR FRIEND... but don't trend trade!!As you have probably heard do not trade against the trend. I'm going to assume you know what this means but if you don't read the bottom paragraph first.
Trading with the trend is obviously much more beneficial to us, and its clear why we shouldn't go against it. But have you tried being a trend trader? Aka a person who tries to identify trends and rides these huge moves out and scales in along the way?
For starters markets range 90% of the time, so only in 10% of market conditions are you going to succeed. Assuming you don't miss the big move because of all the previous losers and break evens you had in ranging conditions which filled you full of self doubt.
There are people who successfully trend trade, and I ask myself why bother??? It is such a struggle, you have to go through so many loosing streaks and keep calm and collected until that big move comes and you're in on it. For me that is too much stress and too much of a strain on my brain.
Trade with the trend when there is one of course. Only buy if there is a clear uptrend and sell if there is a downtrend. But in my advice I would steer clear of trying to follow the trend orcatch these big moves; you'll get chopped up hard in between!
I like it simple. See where people just got wiped out by the banks and follow the big boys.
Do you want to join our gang Haha?
You stay classy San Diego.
***** Trading with the trend is only buying in an uptrend, and only selling in a downtrend, if you do not know what a trend is, message me or google "How to identify a trend in trading" *****
USDCAD The Loonie is starting to look very interesting.
Still in a Weekly Phase 2 and trapped between the Monthly R2 pivot and Yearly pivot, a break above and price could reach the long term trendline. Any sell trades should initially target the yearly pivot.
A clean break of the yearly pivot would open up to more selling.
USD/JPY: time to sellUSD/JPY: time to sell. Infact the price has broken down the last key short-term static support. It is identified by 61.8% of the Fibonacci retracement and placed at 109.35. After violating both key dynamic supports on weekly time frame (EMA 20 and 200 periods).
Technically the price is set to a further downtrend. It is continuing this short/very short-term downtrend. This should lead it as the last step to retesting the first really important support. It could be found on the 78.6% of the Fibonacci retracement (set at 104.9).
Before this, there are only static supports of secondary importance, which should not be able to bounce the price and reverse the trend. Obviously if the macroeconomic scenario does not change.
This fundamental scenario is always uncertain in the eyes of investors, who are turning to the Japanese currency, using it as a "safe haven". This trade tensions between the US and China are tracing back all the major world lists.
So on USD/JPY: time to sell and we will wait for a confirmation on the weekly closing before set any trades. If it closes below 109.3 we will position ourselves short; vice versa we will enter long with a very short term position as for us the main trend remains bearish.
USDJPY long (has fallen below 800 EMA)Looking for a USDJPY long. It has fallen below the 800 EMA and is approaching a strong support zone. 50 pip take profit with a 30 pip stop loss. We're only doing a 50 pip take profit because we are staying clear of the 800 EMA line. We use the 800 EMA as a support/resistance zone and in this scenario it is a strong resistance so we are going to stay away and not get greedy!! Let's eat
LTCUSD finish him...The moment of truth has come! LTCUSD near its strongest support! + is the moment of the decoupling of the triangle, respectively, according to all laws of trading must be repulsed and fly up ... but should it be?
You can find a top inside new at www.dabinside.com this platform the first or at telegram channel: t.me
SALT/BTC - quick easy analysisSALT is currently very near red resistence line. Im watching, if SALT will breaks this line and continue uptrend.
Or make reversal & with probability falls lower . I guess,very close to green support line.
In these case, difference between good and bad buy mightn be easy about 15-20% : )
But nobody knows future and we will see, maybe by few hours verdict :)
STOCH/RSI shows market OVERBUY = potential downtrend.
Clever is wait : ) Especially if you are new in crypto, exactly like me.
This was my beginner easy-quick education.
* For educational purpose only.
ADA/BTC - simple quick TAHello good people !
I just made this simple overwiev for Cardano at 1 Day candles chart..
We are pretty close to see, if ADA goes lower, or break at dashed blue support out of triangle.
STOCH/RSI indicates market OVERSELL now.
What you think about next trend?
Will ADA really continuing in downtrend ?
Feel free to leave comment below : )
* For educational pursposes only.
As all my analysis.