GBPUSDAiming to following the bearish trend and short.
I will move my SL to BE once my TP2 has been hit.
I will also watch how price reacts against the weekly support zones just incase price goes against me this is why I aim to take 25% at each RL1 so even if the trade goes against me I make some money.
Weeklyanalysis
Euraud Buy idea from 14-02-2022. trade already activeHere We share with you a trade idea on euraud.
There is no much information fundamentally.
Technically, after a massive impulsive fall on Euraud, we saw a bullish weekly candle at a key demand zone, looking further to the daily charts we saw a bullish pin bar (Hammer) giving us reasons that the Euro may be looking interesting for a buy.
Because, we over here had already taken a buy position on this trade, we added in the analysis our entry, stop loss and expected target profit.
Let's go take some risk, let's go make some money.
Weekly Strategic Support and Resistance - 3-13-2022Join me for my Weekly look at key Support and Resistance Levels on Bitcoin, Ethereum, Solana for cryptocurrencies... S&P 500 and Nasdaq for stock market indexes... Gold, Silver, Oil, Wheat, and Corn for commodities... Apple, Google, Facebook, Tesla, and Amazon for stocks.
GBPUSD weekly forex analysis and education for 14-03-2022The idea shared is an analysis of GbpUsd for a mid term swing.
Fundamentally, The Usd is still showing strength owing to the recently released
NFP reports. Next week will shall be keeping an eye on interest rates desions.
Sentimentally, As the UK enforces hard economic sanctions as a result of Russia's
involvement in Ukraine, sanctions placed on one of the biggest economic contributors
in Europe (Russia), Investors are likely to be skeptical backing the British pounds. For this pair, the Usd is favoured.
Technically, the pair just broke a structural level on the Weekly charts
with the recent demand zone broken (refer to our previous analysis on GbpUsd), a supply zone also
created on the 4hr chat time frame. It is expected for price to fill in the supply zone and then continue downwards.
On the Daily charts as seen too, a support structural level has been broken, price may have to retest that level and face
resistance there for a drop in price.
Our sentimental bias hence is to watch and plan for a sell trade on GbpUsd .
Let's go take some risk, let's go make some money, Millionaire Logistics.
💵EURGBP: A Higher OverviewHi Everyone!
Here is a higher timeframe overview of the EURGBP. As you can see we are at a Key level of support at the 2019/2020 lows, and the bottom of a ranging market since October 2016. You would also notice the Strong RSI Divergence as well, this does not mean it would definitely start going up. When there is momentum in the market it could take time to swing into a uptrend, we need valid setups to confirm a reversal. Its best not to try and catch a faling knife.
At the moment we will have to wait and see what the market will do at this level, if it finds support as before we can expect a nice rally to 0.87 zone over the next couple of months, if the support zone fails we could expect a further correction to the 0.81400 - 0.81300 area.
We would be happy to hear your thoughts on the pair.
Happy Trading!
EURUSD: Weekly Forecast 28th February 2022EURUSD plunged as safe haven demand spiked amid Russia-Ukraine war.
The market found support as it fell to an 18-month low and was able to recovered over half the losses.
However, the trend is clearly downwards and the current fundamentals are clearly bearish, and the price just gapped down strongly at the market opening for the week.
This week, we will continue to look for selling opportunities, awaiting further upside pullback to cover the gap first.
EURCAD Analysis I Correction and More Potential DeclineWelcome back! Here's an analysis of this pair!
**EURCAD - listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
VET/USD: Vechain to the bear marketIn this special analysis, I analyze the cryptocurrency Vechain, and also, becuase I'm very interesting to study this cryptocurrency to starting to save money and find down the exactly point to buy cheap and accumulating a lot about this cryptocurrency by medium to long term.
Vechain it's another cryptocurrency that I admire a lot and has a good fundamental analysis that I heard about it. But I just want to share my idea where Vechain going to this bear market
Vechain worth $0.04 cents and I have my perspective that Vechain it's leading to $0.01 cents approx. But also, I have another point that Vechain could to reach include to $0.009 cents approx. And also, we could to see a price of 0.023 cents approx. But I proyect that Vechain it's leading to the exactly $0.01 cents.
Gold: Weekly Forecast 13th February 2022Gold rallied last week especially on the last trading day which caused a breakout of the symmetrical triangle.
As inflation continues to rise and strengthening the market sentiment of more and bigger rate hikes, the dollar is strengthening yet the gold is even stronger.
Since the market has broken out of a 14-month symmetrical triangle, bulls are inevitably going to rise in the coming weeks.
This week, we will focus on buying the pullback, expecting a pullback towards 1850.
EURUSD: Weekly Forecast 13th February 2022EURUSD was going sideways last week until the dollar started to strengthened again on high CPI figures that prompts for a Fed rate hike.
The supply level at 1.1480 has caused a strong rejection and more bears are expected in the coming week.
This week, we can switch to selling the upwards pullback at around 1.1380, aiming for 1.1280 and followed by 1.1230.
WTI: Weekly Forecast 6th February 2022WTI has climbed for the 7th week and is now trading right at the top of a 15-month rising channel.
This could mean the price has topped out but there's no sign of reversal just yet.
Therefore, we will continue to follow the trend and look for buying opportunity as price pulls back towards 89.5.
However, if the price is able to reach the bottom of the current rising channel at around 87.9, a reversal is likely to happen in the coming weeks.
Gold: Weekly Forecast 6th February 2022Gold gained a little last week as it recovered strongly from a drop from the supply level at 1815.
The market continued to find support at a rising trendline and is most likely to climb further before another short-term sell off.
This week, we will look for buying opportunities, expecting the price to reach 1829 supply level.
GBPUSD: Weekly Forecast 6th February 2022GBPUSD made a strong weekly gain but gave up a portion of it at the end of the week.
The drop caused a break in the upside momentum and could cause the market to consolidate first.
This week, we will wait for the price to climb a little higher first and look for selling opportunities around 1.3570.
We will also be looking for a buying opportunity at 1.3500 when price pulls back further.
EURUSD: Weekly Forecast 6th February 2022EURUSD made a strong V-shaped recovery throughout the week, the biggest weekly gain in almost 2 years.
The move also caused a break-above of a 8-month falling trendline, making a stronger case for more upside in the coming weeks.
This week, we expect more correction at the beginning and will be looking for buying opportunities around 1.1380.
BTC Weekly VS DailyWe are in a weekly upward channel and a daily downward channel.
The downtrend channel and the 40K range, which are almost in the same range, can be a strong resistance for Bitcoin, and if corrected from this area, the price could drop to 34,000.
In the case of a weekly bullish channel, the price of bitcoin can fall in the range of 29K-30K.
If Price can break 40K-41K area, the price can rise to 46K area.
XAU/USD UpdateHello, Traders as you can see from from my previous post
I called Gold to 1780.
You can see we had a great reaction.
Could see price drop to 1772
Which there is a orderblock at.
You can see the sell side imbalance that price has left from dropping at 1850.
In the future we will fill that area.
Im bullish on Gold this week.
DXY Weekly Draw on Liquidity Hello, Traders
Im expecting bearishness on the dollar next week.
I want to see DXY give a strong reaction off the Weekly Orderblock.
Ideally, since Im bearish on DXY I want to see price above Sunday's opening price on Monday which would be Premium.
We know banks sell in a Premium.
Why would they be selling at a lower price(discount).
It makes sense that they sell at higher prices.
I wish you good luck and good trading.
BTC Weekly range long setup BINANCE:BTCUSDT
Bitcoin is currently bouncing up but I won't jump into trades now because I think bitcoin is in a weird spot right now. I think we can definitely see a drop back down to the 2021 yearly support of 32 - 29k This is the place I would long. I would place a stoploss below 29k incase we break the yearly support and take profits in the range midpoint at around 43 - 46k
Semiconductors at long-term supportWhen looking at a weekly chart, it is easier to see if an asset is in a bullish or bearish trend.
Taking a look a the SOXX, we see we are at a potential place for a bounce.
I chose the 52 exponential-moving average because there are 52 weeks in a year, and it has worked very well in the past.
A close on a weekly basis below this level is the signal to get out. If we can hold though, it would be a strong bull case for a bottom.