Technical
GBP USD BUY (LONG) ANALYSIS After an impulsive move to the upside a 4hr order block has been formed .
I refined my order block to 1 hr. timeframe
I know the market is attracted to liquidity so most likely will come to take out the equal lows liquidity then into the order block .
Enter after confirmation on a lower timeframe
if you have found my analysis helpful please leave a comment below .
Fri 5th Aug 2022 USD/JPY Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/JPY Buy. Enjoy the day all. Cheers. Jim
$GRAB - Buy with upside of +50% to +90% Technical Analysis
Oversold with weekly William %R and RSI starting to show reversal signs.
Daily RSI crossing above 50 and looking ready to curl upwards.
Price consolidating between $2.60 - $3
Broke out of the wedge.
Price Target
Buy between $2.60 -$3.00 or above $3 for confirmed breakout.
Analyst Price target: $4.6 (
Fib Level Price Target of $5.70 (upside of +90%)
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.