When we see a trade setup with this kind of Risk to Reward our Trade plan dictates that we must pull the trigger.
Ideally we would enter on a 30min trigger candle so a 20 pip rally from here would be ideal before we enter.
XRP HOLDERS TIME TO SHINE?
Having added to XRP portfolio over the past two weeks are thesis was clear over in our group.
Clear and hold above 1.256 on a daily close and we open up the gate for next target to 1.4720 on XRPUSD
If we needed any more confidence in our thesis weekly support was also holding at 1.2292 with clear evidence of rejecting lower prices on...
Still in Buying the Dip mode for us looking for weak hands to give us their trades at a discount.
CHF has remained weak for many weeks now, inevitably the tide will turn at one point and we may miss the turn and even still hold our long bias when it does.
By trend following when our CURRENCY HEAT MAP tells us to we avoid picking the tops and bottoms of any trend,...
GBP/JPY Has been great to trade the past few months sticking with Our MAJORS CURRENCY HEAT MAP which we update daily & share for FREE.
We have been able to focus on one side of the MARKET at just being a BUYER of this PAIR.
There has been no reason to look for SELLING this pair as JPY has remained at the bottom of the MAJORS along with CHF, for a good while...
GBPJPY Has been a great pair for is to trade on the LONG side over the past few months.
Our CURRENCY HEAT MAP has kept us from selling any GBP.
JPY has consistently given us a SELL BIAS and so pairing up these two majors good opportunities have been given every WEEK to BUY GBPJPY
Check our previous ANALYSIS on this MAJOR & see how we did for yourself.
After testing the first of our purple key levels that we had identified in earlier shared analysis BTCUSD has made over 10k gain.
As per our earlier Crypto analysis and comments we are investors in this space and so always look to add to our portfolios during dips with weak hand traders fold on significant pullbacks.
Another reason how and why we analyse and...
By focusing on the very strongest vs weakest of the MAJOR CURRENCIES, we are able to hold onto our WINNING TRADES for much LONGER without the fear of giving back open profits to the markets.
2021 So far, has been VERY GOOD to us keeping us on ONE SIDE of the market and only buying the BRITISH POUND GBP against the weakest of the other Majors.
Less usually means...
The Way looks clear for continued GBP STRENGTH accross the Majors.
Having Taken Top spot On our CURRENCY HEAT MAP late January 2021
GBP has given Great trade opportunities throughout this month of FEBRUARY
From here it looks like we will have a nice BULLISH CLOSE on the MONTHLY CANDLE.
The next MAJOR PIVOT price Resistance & TARGET comes in at 153.150
GBP Strengh has been relentless
We favour the LONG side of this pair now having cleared liquidity at previous levels identified in last GBPCAD shared idea on this platform.
A NEW 52W WEEK HIGH SEEMS VERY DOABLE FROM HERE.
Is that a Pin Bar on GBPCAD Daily Chart? GBP still strong?
47 Week High!
Is a new 52 week high the next victim here?
Some interesting Price action here now midweek across the GBP Pairs.
There is still so much time left in the day to trade, However there is NO DOUBT that many traders will be eyeing the current price structure of this pair and its current...
We had thought we had posted this chart yesterday again but we hadn't
Anyway As per our HEAT MAP, You can see GBP has held first place for Many weeks now, & CHF along with JPY have been fighting between them as to which keeps last spot as the WEAKEST of the Majors.
Our earlier PRICE Target were Met and EASILY EXCEEDED
Keeping things simple we will be looking...
These are the days we look for, Massive DISCOUNTED Markets.
Or ones that have just EXTENDED themselves too FAR too FAST!
Either way a lot of MONEY has switched hands today in this market.
No doubt we are looking to capitalize on the situation and will be adding to our Bitcoin exposure during this selloff.
Our Identified levels from the Chart posted on...
Having just really moved sideways over the past week we still see No Good Reason to be short here.
XRP Sellers may be rewarded if right, but clearly the Risk to Reward opportunity is still with the buyers.
As stated in previous post the Crypto Market is extremely Volatile & anyone trading it has to have both their
& Trading DISCIPLINE In...
GBPJPY has been great to us of the past few weeks.
Staying on one side of the market buy calculating Daily the strongest and weakest of the Major Currencies has helped us maintain our edge using proven Statistics.
GBP has been ahead of the pack for several weeks and has been increasing its strength daily over the other Majors.
146.560 has proved a great target...
We have been only trading on the long side of GBP across several of the majors during the past few weeks and have had some of easiest timed trades focusing in one direction.
A lot of money is lost by traders trying to trade both long and short especially within the same timeframe chart.
A lot of the feedback we get from traders is how to identify the best pairs...
GBP/JPY Analysis GBP Buy - Forecast Higher GBP & Lower JPY & CHF
Despite A lot of retail calling Shorts this week we have seen continued strength in the GBP across several of the Majors.
As per our Heat Map guiding our BIAS, this week once again it proves our Property system is a great free addition to finding and filtering the best currencies to pair up...
Our Currency Heat Map tells us to stay Long GBP.
Still being the strongest Major currency we see no reason to be short the British pound, we are therefore pairing it with JPY which remains the weakest of the Major currency pairs for today's trading in the Forex Market.
Buy using our propriety currency Heat Map filter it allows us to easily pair the stongest vs...