Update
Update On CADJPYPreviously, we opened a long position on CADJPY around 78.550, but closed it around 79.000 as the bulls began to show signs of weakness which was confirmed by a candlestick pattern. For now, we will not be trading this pair until an opportunity presents itself. At present, we will be looking for long positions once price reaches the supportive trendline again. If price does not reach here, or does not show signs of rejection at this zone, we will not open any positions.
Always wait for the market to make a move and then open positions if your strategy is satisfied.
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Best of luck traders!
EURUSD Update Set third entryHello Traders! We are in Buy in Eurusd from 1.1220 that we entered on 29th june, As I told you Eurusd is moving towards 1.1570 and we will enter more trades on correct time for maximum profit from one trade.
First entry is in 180 pips profit and second entry is in 110 pips profit now set third entry at the support area we might enter fourth entry near 1.1450.
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First entry
Second entry
Update on EURUSDPreviously, we went short on EURUSD at the resistance zone; our target was reached. Now, we will look to reanalyse EURUSD and wait for another opportunity to present itself. EURUSD is currently at a supportive trendline, presenting an opportunity for bulls to go long, aiming for the resistance zone.
Bears, however, can wait for a break and retest of the supportive trendline before going short on the pair.
Traders should ideally wait for the market to make a move and give a valid entry that satisfies their strategy before opening a position. Do not open positions based on your (or anyone's) predictions.
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Best of luck traders!
CHFJPY Short On RetracementCHFJPY has finally been rejected by the resistance zone. Traders who viewed my previous analysis and took the short would be in good profits right now. Bears can look to enter (or re-enter) short positions on a retracement. Ideally, CHFJPY should retrace closer to the resistance zone to give a higher probability short setup. Once CHJPY retraces deeper, bears should monitor the pair and wait until it gives a valid entry that satisfies their strategy.
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Best of luck traders!
XAUUSD BUY TO 1801Hello Traders! This is the update of previous buy. You can enter a buy here. I am expecting market to hit 1793 & little retracement before hitting our 1801 Target. Set stoploss @ 1756.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
Update on USDZARPreviously we were interested in shorting USDZAR. The take profit was hit on the USDZAR Short (2.78%) and now we will wait for another opportunity to present itself.
USDZAR is rapidly approaching a supportive trendline, presenting a opportunity to go long at the trendline. However, traders should also be aware that USDZAR is also following along a resistive trendline, meaning that USDZAR could break below the supportive trendline and continue heading down.
Once price is at the supportive trendline, we will monitor it and wait for a good opportunity to present itself. We will only open a position if price action gives us a valid entry.
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Best of luck traders!
Update on GBPJPYGBPJPY was held up nicely by the support zone and the supportive trendline, and managed to break the counter-trendline. GBPJPY has retested the broken counter-trendline and price action is still giving bullish signs. Bulls can go long after price pushes past the previous high on a hour timeframe.
Use proper risk management and manage your trade well.
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Best of luck traders!
CHFJPY Update and Short OpportunityCHFJPY reached our target at the resistance zone. Traders who viewed my previous idea on CHFJPY may have taken long positions and profited from it (see my idea below).
Now that CHFJPY has reached the resistance zone, we can closely monitor price around the zone to look for our next opportunity. Price is currently moving along a supportive trendline, which could push price back into the resistance zone. The would mean a possible double top pattern forming, giving bears greater probabilities of a successful short.
Beyond this, CHFJPY is forming a double top pattern on the daily timeframe as well, giving a good probability of an upcoming bearish move.
Ideally, bears should wait for price to reach the resistance zone again and/or an impulsive break of the supportive trendline. A short position can then be opened with a stop loss above the resistance zone.
Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts below, all input is appreciated.
Best of luck traders!
Update on CHFJPY This is an update on my last analysis on CHFJPY. It took a bit of a while, but CHFJPY eventually made its way upwards. Those who took the trade can keep trailing their stop until we reach our target as the resistance zone.
Those who have not entered earlier can look for entries along the supportive trendline with a target at the resistance zone. However, this is higher risk and presents lower risk to reward rations. Be cautious when entering and use proper risk management.
Check out my previous CHFJPY analysis to understand why we went long on this trade. Be sure to follow me for more ideas analyses.
Best of luck traders!
GBPUSD Buy Opportunity/ Institutional TradingGBPUSD has reached it's mitigation zone on the 2H timeframe. From this point it should rally to my first TP zone and possibly sell off after/ it could even push up to my second TP zone. We shall see when it gets there... but I think its most probably going to sell. Use proper Risk Management and Safe trading.
Please feel free to comment, your opinion matters. :)
AUDCAD UPDATE! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURUSD UpdateIn my last idea published, I spoke about looking to go long on EURUSD at the supportive trendline and yellow zone plotted on the chart. See my other post for a detailed breakdown of this setup. Price is now in this zone, presenting a possible inverse head and shoulders pattern and a bounce off of the supportive trendline. Ideally, traders should monitor price action in this zone, and make use of pending orders to get into a long position. A suitable area for a low-risk stop loss is a few pips below the yellow zone and supportive trendline.
Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts below.
Best of luck traders!
Gold followed the buy setup perfectly!As i posted before, gold retested the neckline perfectly and flied to the target directly.
Congratulations to everyone who catches the trade.
22/06/2020RSI in over extended territory, BBS well over extended.
MFI showing alot of cash flowing in, though I have noticed that this indicator does and has shown high vo;ume with pumps in price.
The MACD seems quite confused though is bullish and Stochs are showing overbought...
I would be careful of this pump, I do believe this could very well be a fake out. It has bypassed multiple resistance and long term trend lines of resistance in a very short period of time (although I am using the 4 hour) but still, I would not FOMO in if not already in a trade, wait until things settle down a bit then decide what to do.
Thanks!
15/06/2020At the time I charted this but never published, it was a possible bearish set up. Now I am publishing it, it seems more the likely option to play out.
The purple trend lines drawn are weekly and daily S/R. The dotted white lines, more recently added to the chart and also S/R.
The MA lines shown are: 21MA in red, 50MA in yellow, 100MA in purple and 200MA in white. This would be a longer term trade set-up with possible profit targets along the way in the event of a major drop as Bitcoin looks to more and more correlated with the stock market at the minute, which I fully expect to have a bad week ahead.
I hope the chart explains itself but I have added the extra details needed to understand the expectations.
Using this set-up, the targets pointed out on the MA's and S/R, could also be used for a bullish set-up trade, if taken as intended.
NOT TRADING ADVICE AND DO YOUR OWN RESEARCH.
Thanks!
13/06/2020Same chart as the last update but looking more and more likely to be a breakdown and a test of the lower levels of support, possibly the 200MA.
If the institutions have their way, and let's face it, they are gaining more and more control over BTC and the market movements, I could see this go in the same direction as the traditional markets. As the institutions come in deeper and deeper from the stock market, they also bring their problems with them... Something NO Bitcoiner needs!
I just hope we break this savage cycle and keep Bitcoin and cryptocurrency as the future of financial freedom, not just make these markets another object for the Big Money and Governmental institutions to manipulate as they please.
A rant about the current eco crisis but off topic..
I am waiting for the close of tomorrow, or as it being the weekend, possibly CME open on Sunday/Monday, just to see if we have a gap to fill. I think next week will be the be all and tell all of the direction of where Bitcoin price is headed, although my bias is now again bearish .
Thanks!
GBPNZD UPDATE This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
08/06/2020New chart update. Longer term set-up, daily/weekly and for both sides of the arguement.
I won't try and explain this one as it basically explains itself. Drawn using some weekly and also daily support and resistance lines, the break could be in either direction though we are entering on a bullish set-up.
Thanks!