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GBP/USD -> IN-DEPTH WAVE ANALYSIS - 1700 PIPS POTENTIAL?Whatever the outcome of Brexit may be the chart speaks for itself so this is purely speaking out of the technicals.
Feel free to add your opinion concerning how the fundamentals could affect the pair.
Looking at the Weekly time-frame we are currently trading in the form of a Descending Wedge / Ending Diagonal pattern (wave 4 within the pattern) , which is what makes me believe there is the potential for upside with the target being the most recent swing lower high (wave 2 of the wedge) at around the 1.3300 mark which also happens to be 2019's high.
Stay tuned for the updates :)
*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Main Eur/Usd Analysis The price touched the support area set at 1.112 with a post-conference Draghi spike. Causing the stop loss closing on our trade. After it return immediately to the closing level of yesterday's session .
Technically, this pair is in a stalemate taking the last six months as a time reference. In fact, the trend has no longer taken a specific direction, continuing to move between the support at 1,112 and the resistance at 1,144. If a time frame of a year and a half is taken into consideration the direction of EURUSD tends to fall. And now we do not see changes of scenery. For the next year and a half we expect the main trend to be maintained and that as final target the area 1.08/1.06 can be reached. This with minor cycles which could also lead to significant bounces.
A new cycle should start with the next FED meeting at the end of July. Despite the spike a few hours ago that caused a false break in the support area, we expect a drop in the US currency for the rest of the summer. The objective is the upward break in the resistance zone at 1,144. The maximum extension of this first mini-cycle could be around 1,158. This level is identified by the EMA200 weekly which acts as a dynamic resistance of extreme importance for the short term.
Fundamental Analysis
At a fundamental level, the scenario that is taking shape is the following. Draghi stated that expectations on future rates are not the best. In fact, it expects that rates could remain unchanged (or even cut) for at least another year. In addition we could see a second edition of quantitative easing. The government bond purchase program, is being studied in Frankfurt.
These statements, once implemented, will negatively weigh for the Euro, which will devalue against the other majors. So for the next year and a half, as we said, we expect a continuation of the main trend on this pair. On the other hand, however, on the Fed side, the devaluation of its currency should, make EURUSD carry out this bullish mini-cycle. The market and investors expect at least two cuts of a quarter of a point by the end of the year.
To summarize
We expect a climb in the very short/short term. Eur/Usd is ready for the bounce and we recommend repositioning long with the final target of the 1,158 (intermediate targets 1,132; 1,144). Stop at 1.103
AAPL begin an upward trend !Stock investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
S&D strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 2.8% (HIGH) ~ 1.0% (LOW), 2.3% (CLOSE)
%AVG in case of rising: 1.8% (HIGH) ~ -0.2%(LOW), 1.3% (CLOSE)
%AVG in case of falling: 0.4% (HIGH) ~ -1.5%(LOW), -0.8%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Possible CHF/JPY Short position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-4 days
Actions on -
A – Activating Event
Market will meet resistance in zone @112.1 - .... and fall to the @110.00. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 110.00
FX:CHFJPY
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 110.00
Target 2 @ ....
Risk/Reward @ 5.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
It's a time for pound to go lower! GBP/USD was strongly capped on dollar weakness, that's indicate that pound is not rready to go higher, brexit is playing very important role on pound moves. 14 of January is a big day for GBP pairs, I'm forcesting that May will lose on her Brexit deal and pound will fall to my lowest target.
Triple Milestone set on the DrDovetail TV Account!Quick shoutout and thanks to all the fine tradingviewers out there who helped me reach a triple milestone! Thanks to you this profile now has over 100,000 views, over 3,000 reputation points, and over 2,000 likes. Much love and respect to you all. I couldn't have done it without my 265 followers. So thanks to everyone especially my followers and with your support I believe we can double all of these numbers again by this time next year! Thank you so much and cheers to you all I wish you nothing but success this next bull run.
My view on BTCOK, I am mildly drunk making this... I am new to social media lololol
My current view on BTC and crypto,
BTC is the organic, original form of crypto currency. NO ONE knows what crypto currency is (in an economic and global phenomenal sense) it could become a global reserve currency or it could become simply a "millennial fad." The truth is is has been growing at an exponential rate since its inception. That is the only truth. That is the reality of it. It goes in wild swings from worth pennies to dollars, dollars to tens of dollars, from tens of dollars back to dollars, and from dollars to Hundreds of dollars. Bitcoin is a worldwide phenomenon.
I have been involved in bitcoin over the past 4 years. I remember Silk Road. I remember $75 bitcoin. I bought $75 dollar bitcoin.
I know one thing from bitcoin. Bitcoin provides. It has provided for me for over 3 years. It will continue to provide. It has never NOT provided. All it has taken is trust. Bitcoin EXISTS because of trust, our trust, my trust.
I trade alts, but you only trade alts so you can get MORE bitcoin. Everything is for Bitcoin, bitcoin is the connection between cryptocurrency and the world. It is the organic, original.
Many people on this site say it is going down, many analysts say that it is going to 3k, 4k, 5k. But I say BS!!!
Bitcoin will not cross 6k AGAIN. EVER. I know this because I will eat rice and beans before I sell a 6k bitcoin. No more hookers for me (I'm in NL it is legal yo!!!), no more restaurants, no more cigarettes *cry.... I will go bare bones lifestyle if BTC goes below 6k. RENT AND FOOD. RENT AND FOOD.
I am in ETH so that it hits .05 and I will be back in BTC. I am in XRP long to use as cashflow for the next few months, but I am in BTC for LIFE. I have been doing this longer than you, and I am in BTC for life. It is the one thing I've learned in this crypto trading game it is all for bitcoin. Everything is for more bitcoin.
To be honest, my past year I lost a goodly portion of my stake in bitcoin. I will not make that mistake again.
Sincerely,
Cocoadreamboy
And here's the close-upA close-up to support the idea I just posted, of what might be a last 5-waves down. If the fib channel plays out, we'll see a move up to the 50% line around 1760, and then a move down. Support to break is around 1350 (big significant previous low), and if we pass the that point people will dump their BTS and we dip down to 900 sats levels.
Or not! As always, don't take this type of ideas as prophecies - it's just inspiration, possible interpretations to use and then do your own chart work.