Hello my friends, I hoped you all are doing well with your trading. I myself am having a bad week as some positions hit stop loss. This week alone i got 4 positions hit stop loss and got 8% loss banked. Each trade was using 2% risk so in total it was 8%. Well thats not a problem because everybody will have a bad week or months in trading. Nothing to be a shamed...
As forecasted, USDCHF rejected our rejection zone.
This may be an inverted head and shoulders we're looking at and about to complete the right shoulder. So if that's the case, we're gonna be bullish this week. If not, we should test the weekly zone at 123.526 and push down to the next levels. BULL TPS: • 124.297 • 125.022 • 125.885 BEAR TPS: • 123.580 • 123.107 • 122.601
We're going to be trading off the results of the bullish uptick and the partial retracement from last week. It is actually a bullish engulfing on the daily timeframe. If we go back down, he may bounce from the daily zone of 1.71798, then head to the weekly level at 1.70366. Otherwise, we'll continue to go bullish once the retracement is complete as soon as we...
Gold looks like it'll continue to drop this week according to the technicals on the higher timeframe. It looks like it's just a flag. If we don't drop right away, we'll retest the monthly 1924.42 zone more time before to dip. I also added Bull TPS in case it can break the downtrend. BEAR TPS: • 1888.42 • 1886.14 • 1846.39 BULL TPS: • 1919.12 •...
Hello, traders! As we can see we have some obvious bearish pressure from the CADCHF pair for some time now. This is due to an increase in long orders for the CHF as investors move their money into safe bonds and currencies with Low-interest rates during a global pandemic. We can see an increase in CAD short orders and an Increase in CHF long orders from last...
Waiting for a small pullback on this 1H timeframe. Possible entry in the marked zone. #AUDUSD #Fx #USD
GJ is testing a highly respected psychological level right now, i'm expecting price to rise back up into the green zone once again. I linked the GJ post I posted yesterday to show you how my analysis is going day by day with this pair. I'll take my profit at the median of the green zone. Once price closes over the wick from the last candle, you can buy.
Overall XRP looks to be bearish in the long run maybe just to 0.25000, and i think that because price has stabbed the red structure multiple times which makes me think price doesn't like this zone, but price has been consolidating on a lower time frame. Lets see what happens!
This morning during NY Session, a small ranged zone formed allowing excellent scalping opportunities. The current holiday halted momentum leaving price in a consolidation block that has yet to break. I'm personally bullish on this break. I would like to see us test the daily green at ~1916 and then move to break the previous high and test at the weekly. My...
Hi Traders! Today we will look at the well-known cryptocurrency - Monero. If you compare Monero chart with the charts of other cryptocurrencies, you can observe one absolutely fundamental difference. What is that? Monero is currently at its peak since the March declines. If you look at other cryptocurrencies, for example, DeFi projects have generally fallen by...
I'm viewing USDJPY from a bearish perspective. We fell from a previous zone and crossed through the 200EMA. We are now under the cloud testing the 200 EMA. I think we could be forming a rising wedge. I think over the weekend, we'll head down and see a possible reversal when the market opens back up on Sunday. I'll be looking to enter the reversal. We are...
Price broke out of a bullish channel (blue lines). We wait for a retracement to the dark blue zone and the yellow 4H trendline. In combination with bullish rejection candles, we can assume that the price falls far to the next zone (1.14).
Hello my friends, Today i got a nice setup on AUDNZD pairs. Well this pair is a bit slow to trade but since it come to my screener so i will take it. Before i start explaining this trade setup, please hit the like button for this post and follow me for my latest updates. I use the 2hr chart to analyze this pair. As you can see this pair is below the red colored...
ETH is preparing for the move! At the current state of the asset, the price does not show any strength or weaknesses of either Bulls or Bears. The decreasing volume is suggesting that the asset is going through the accumulation phase. At the same time, the price is bouncing around the POC of the current month. Trading Plan COINBASE:ETHUSD : There are two...
Hello my friends, Today i took GBPJPY sell as well. I analyze this pair on 1hr timeframe to time my entry. As you can see i marked my sell area which previously acted as support. Price broke below it with strong candle yesterday. The upwards movement was only a retest and i took sell positions righ after it got back below the marked zone. Sell GBPJPY...
We will wait for the price action confirmation to make the entry.