1h
GBP/USDThis is my latest on GBP/USD, using a muti-time framed analysis. This pair has been extremely bearish from a Monthly perspective and has found support around 1.2200, also included on the Weekly.
I have pulled a Fibonacci on the Daily from the impulse of March 10th, where price retraced to the 0.618 fib level and has now found support at the 0.5 (1.2200 price).
An opportunity lurks on the 4 hour perspective with a potential short and from a break out strategy perspective, we will wait for price action to break support and bottom of the bullish channel and make a push to the downside.
Please feel free to leave a comment and share your thoughts.
How does your analysis look?
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
This information given is not Financial Advice.
BTC Reversal Or Death!COINBASE:BTCUSD
BTC Scared the hell out of all of us last week but it looks like sunshine could be on the horizon.
Development of a rising triangle during recovery
4H volume looks like its dropping towards something large
1H volume looks like we have one more "Shoulder of an incomplete Inverse H/S pattern" dip until this larger 4H move
3 Consecutive higher Lows with RSI trending higher in tandem
A peak at the ZECUSD chart shows a quick move towards its 4H 50MA with a initial denial but still recovers higher then where we are now with the other alts and majors
Zcash could be an interesting leader during times like this as LTC and ETH have done in the past.
If BTC breaks the orange line and confirms a 4H + candle above the green, I'd say we are quickly returning to 8k in a hurry...
USDJPY 1D/1H - HOW TO PROFIT FROM TRADING PULLBACKSTRADING PULLBACK RULES
1 - Find Daily uptrend with HH's & HL's.
2 - Switch to the 1h Time Frame
and Wait for a Pullback
against the Uptrend.
3 - Place Fib between last swing
high and low levels,
prior to the pullback.
4 - Buy Anywhere Between 50% and 61.8% Fib.
5 - Place Stop Loss below Swing Low.
6- Take Profit at break above the
previous Swing High.
BTC/USD OUTLOOK GRIM? LOWER MTFA ENGLISHNOVICE SPECULATION:
Well, BTC is migrating to the lower end of 8! Where will we go!
On this chart, you can see multiple opportunities for high volume trading, or entries for a long term short.
As this month closes, we may see a retrace to 9, but my personal opinion is we are going to continue to drop to 8.3 to <7.
As always, it is hard to analyze where we go since, generally speaking, we are always combatting whales and exchanges *one in the same usually* so watch out for the weekly and daily time frames.
LOGIC BEHIND SHORT:
-Paper trading, so I feel no pain or regret, thus can safely make speculative paper trades on such a chart.
-Bitcoin formed a double top on the 4H
-Normal bouncing around, as usual.
-Be careful out here...You could short and wake up to a 11k BTC.
TRADE AT YOUR OWN RISK
The BEST Timeframe to Trade ForexYou got into trading for one reason and one reason only. To change your life. For freedom, for freedom to do the things you want to do. To spend time doing what you want to do when you want to do it.
NOT to be a slave to the screen. Not to stare at the charts all day.
And here is the thing. If that is what was required, to stare at the charts for hours at a time watching each tick, then you would do it. You would do whatever it takes to succeed.
The thing is and I want you to pay attention to what I am going to say right now because it is very important, the very thing you are doing is actually the thing preventing you from success. You are spending too much time watching the markets and taking way too many trades.
Trade less. Avoid the noise. Take strong signals with a different mindset and increase your win ratio and profitability.
GOLD/SILVER RATIO STRATEGY #2 BETTER SILVER FUTURES LONG TRADEDETERMINE WHICH IS THE STRONGEST METAL BETWEEN GOLD AND SILVER
** If the gold silver ratio is in Uptrend and gold & silver in Downtrend: Buy Silver.
If the gold silver ratio is in Uptrend and gold&silver in Uptrend: Buy Gold.
If the gold silver ratio is in Downtrend and gold&silver in Uptrend: Buy Silver.
If the gold silver ratio is in Downtrend and gold&silver in Downtrend: Sell Gold.
The Intermarket relationship between the gold and silver price can reveal a better way to time the metal market.
There may be times when the price of silver makes a new low, but the price of gold doesn’t track that movement.
When something like that happens a possible trading opportunity can emerge.
We can note that the silver price has broken to a new low while the gold price has made a higher low.
This is a break in the gold and silver correlation.
It means that one or the other is lying.
To find out which one, we simply use the gold silver trading strategy rules revealed at step #3.
Based on those rules when the gold silver ratio is up and both gold and silver are moving down, the signal is to buy silver.
For timing the market, we have applied a 20 period MA over the silver chart.
A break above the 20 MA will trigger our entry.
Simple as that!
Final Words – Gold Silver Trading Strategy
When we use the gold silver chart ratio in conjunction with the individual price trends of gold and silver we can determine strong buying and selling opportunities. You can also ride massive trends with the gold silver ratio, especially when we have historical readings. However, since these only happen once or twice in a lifetime you can use our gold silver trading strategy to navigate the day-to-date price action.
The ratio can also be used to determine the overall market sentiment, which is a precious thing that can be used to trade other markets. Usually, a high gold to silver ratio is signaling a slowdown in the global activity, while a low gold to silver ratio is signaling improving risk sentiment.