EURJPY - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Bearishsetup
BNB/USD: short positionBinance Coin show us a nice setup that may to develop in this trade to take this perspective to short BNB.
This it's the H4 timeframe that I see and we see a in the bearish perspective.
Good luck
I put a sell order place in $241.40 USD and SL to $254 USD and take profit to $207 USD
Ethereum: Possible pull back to watch!!!In the past analysis, we see that the price not only move up, this was because as CPI data was bearish for USD that this week I don't be pending in the economic calendar in Forex market, if I do it, I can to adjust my analysis very well. But we only see a one trade for the specific movement in the price. Also, if I would gotten draw the bullish channel flag on December, 12, 2022, I would identify this opportunity to change to long. But as based my technical analysis, it's seem bearish, but in economic calendar spoke us the right direction for the global financial market.
But now, we see an interesting trade in Ethereum to long position here, and also another bearish perspective to take in note in all consideration for us. We see a pull back in formation in Ethereum price, what this mean if Ethereum make any bullish signal in the price action, we can to put long position following the green arrow model in this chart, but in another hand, if we see a market trap like the red arrow model in this chart, we can to see a little up, and then a small consolidation in the previous higher in $1,344 USD approx. we can to see a possible bearish signal and a strong volatile to forming a liquidation of long position. As I learned in the previous analysis in Ethereum that my analysis was in short, I was good and this analysis could to happen, but goes to short liquidation in this case. what it's very important to be prepared in both scenario
In Daily timeframe, we could to get a clear clue that if this candlestick closed up with any bearish rejection, we could to see a drop incoming days to watch. What it's very important to recall that we would need to be prepared for both scenario: bullish and bearish.
Now, I will hope if in H1 timeframe we see a bullish signal in Ethereum price in what the price develop the formation, by the contrary, I will still hope if bearish scenario may to occur in the next days.
Good luck!!!
GBP/USD: Potential drop to $1.1944 USDPound/Dollar look into this possible drop that we can to get this opportunity to short and find down 129 pips in this trade.
I put a sell order place in $1.2073 USD. Stop Loss in $1.2138 USD and take profit toward $1.1944 USD.
We see a potential drop. if in H4 closed up with a strong bearish candlestick, we're more sure that Pound will drop significantly!!!
Good luck!!!
Ethereum: sell order place in the order block putEthereum made an interesting analysis that we can to entry in short in this trade. In the previous candlestick, formed a bearish hammer, indicating sell-off. What we can to short this cryptocurrency toward $1,090 USD.
In H8 timeframe still bearish in this side.
Meanwhile, in Daily timeframe we see a possible perspective that Ethereum may to continue down toward $1,000 USD
So, I'm shorting Ethereum that I put this trade to short now!!!
Good luck!!!
EUR/CAD: Short position explainedIn this other analysis, I'm analyzing Euro/Canadian Dollar and we' have the same sitaution like GBP/CAD, but in senseway, but this par it's very clear that EUR/CAD it's preparing a drop toward $1.3690 CAD that we cant to short. But I don't going to entry now until I want to know a little mroe if EUR/CAD will continue to make a market trap in $1.3815 CAD in my price that I'm watching, and also I have an alarm if EUR/CAD reach $1.3805 CAD to be informed. But now, we see the same situation of the bearish setup in EUR/CAD. The only it's waiting the formation here!!!
GBP/CAD: New Update!!!In H4 timeframe it's appear very clear that the price doesn't have strengthen to continue bullish clearly in H4 timeframe. What right now, we see two thing to consider. First, we see a bearish rejection in this previous higher, and then we see a weakness in the price action, it's like that the price want to drop like a butter in the air.
Right now, we see a bearish setup in this side as I comment for past days that GBP/CAD may to forming a possible drop, but now it's the time to sell and closed up manually long position and change to short now!!!
I'm shorting from $1.5889 CAD. Stop Loss to $1.5975 CAD. And my fix target to $1.5710 CAD. We hope this drop now as my analysis was update now to short!!!
Good luck.
As I closed up manually the long in GBP/CAD. I got only a small profit like 0.67% earned in this long. But now I'm shorting GBP/CAD
EUR/USD: Daily outlookIn this Daily outlook, I only want to share my perspective what I thought about Euro/Dollar that look a very nice trade to sell or short in the next week.
We see that EUR/USD hit the exactly point in $1.0472 USD with all chance to short this par.
This it's the Daily perspective and recall of this update that we're monitoring EUR/USD to short!!!
Bear Flag broken on the1D, expected drop to 19-17k
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC quick update.
BTC broke the bear flag in the 1D time frame that was expected from the last few days. If prices closes below then we now can expect price to touch $19k area of support level at least.
WHY I'M ON BEARISH
1) Price broke the bearish flag pattern.
2) MACD is confirming the Bearish momentum
3) Volume continuously going down
4)"Super trend" breakout on the daily confluence with all signals down.
What do you think guys?
Share your views in the comment section.
If you agree with my points then do hit the like button.
Thank You!
EUR/USD: UpdateSo, as I re-entry and this it's the 3rd time that I'm entry in short. So, this week was very manipulated the Forex market in both sense, but the real situation real it's that we're in the market trap that institutional will bring this manipulation to confuse everyone. What I'm in short by price action indicate weak in the price. So, I hold this position from the morning, the only update it's change the Stop Loss to $1.0466 USD. and take profit to $1.0225 USD.
Good luck shorting Euro/Dollar!!!
EUR/USD: short position by technical analysis explainedIn this quickly analysis, I see that Euro could to drop very easily to short EUR/USD. As today I read a good perspective from U.S. Dollar fundamental news. that come bullish.
Now, I'm shorting in the market live in EUR/USD in $1.0321 USD. Stop Loss to $1.0384 USD and take profit $1.0190 USD. I see a bearish perspective in this par.
This it's H4 timeframe and I share this screenshot as we see a potential to trade Euro to short position against U.S. Dollar.
And also, I see in Daily timeframe a possible strong bearish setup that we're in the higher point to sell, but in case that this sell-off intensify, this could be an extraordinary opportunity to hold this position toward previously level like the parity 1:1. It's mean 1.000 USD
So, if you want to read the fundamental news, go to USD.CAD below of this link to related idea and click on.
Good luck!!!
Ethereum could to find down the next support at $1,577 USDIn this analysis, I'm analyzing Ethereum from H1 timeframe to find up a good zone to short Ether. what I see that we're in the good place to short after that I believe that the price it's move in this zone by bullish rejection, and you might be very carefully to trade Ethereum. Also, I mark the key point that I found out in H1 timeframe as I want to trade cryptocurrencies by H1 timeframe and choose some crypto pars to trade with Forex market.
Now, technically, Ethereum it's into this bearish channel and based this analysis, we're in the supply zone. What I have 2 resistance key in yellow zone. In $1,645 USD and $1,651 USD. Also, I see that the key support could be $1,579 USD in short term. And also, if the price trying to break down the $1,579 USD, we could to see a drop until $1,558 USD.
I put my sell order limit to $1,645 USD, and Stop Loss to $1,678 USD and target toward $1,558 USD.
So guys, we hope that this analysis support very well to trade by Day Trading!!! The risk/benefit it's 1:2
Good luck!!!
Bitcoin it's in the top of this channelBitcoin it's in the good point to look a short position in H4 timeframe. We're in the formation of the possible weak from this level $20,400 USD.
So, I hope that Bitcoin continue down. If we see a bearish rejection from this top, I would to put a sell order limit to $20,600 USD with chance to short.
Also, in H1 timeframe we see a bearish candlestick formation and broke down of this support around $20,480 USD. Now, I will expect how the H4 candlestick will closed up in this range to get a comprehensive information if I see a short position in Bitcoin. In case that Bitcoin give us a bearish signal, Bitcoin could to reach to the target toward $19,220 USD.
Good luck!!!
In the past analysis, I predicted very well the climb of this price. But as I don't get this trade, i cancelled, but I improve very well my analysis there. And Ethereum case, was an excellent trade that I cached in trading.
CAD/CHF: UpdateWe're in our direction as I predicted very well, that Canadian Dollar will drop, right now, today after the unexpected economic data that Bank of Canada was less aggressive that only jump 50 bps and not 75 bps, this was a kill movement that central bank it's less aggressive to hike interest rate
We're in profit in CAD/CHF from yesterday that I entry in short after that I identify a clear bearish signal by price action with a lot chance that Canada currency will drop. But definitely, the result was pretty good entering for now in the good point shorting. I have 31 pips in profit. The price it's around 0.7270 CHF and my target fix to $0.7230 CHF.
Now, I made this screenshot showing that our key support it's in my fix target to $0.7230 CHF.
So guys, at the moment, we're ok in this trade. Now, we should to look the candlestick in formation that if this candlestick closed up with bearish signal, we could to make a break even to cut loss in the Stop Loss.
So guys, hold this position if you're in short in CAD/CHF. Also, I'm shorting CAD/JPY too and I look that I'm in profit too very well!!!
CAD/JPY: UpdateIn this par, we see that Canadian Dollar/Yen Japanese drop too like CAD/CHF. So, because as I share in the morning that we see a good opportunity to short CAD/JPY in the 0.782% fibonacci, after that, we see a bearish BAT Harmonic Pattern ,and that was a good choose to short Canadian Dollar.
Now, the only udpate that I will modify here it's the target profit that I move up to $ 106.96 JPY. And my entry price was in $108.62 JPY.
In H1 timeframe, there're not much information, but I can to say that in this timeframe, as CAD/JPY broke down the EMA 200, there're a lot chance that CAD/JPY continue down as I expect it.
At the moment, we're in profit with 63 pips earned in this trade for now. But I will hold this position as I believe that Canadian Dollar will continue down, the same with my another analysis in CAD/CHF and CAD/JPY, boths.
Good luck!!!
CAD/CHF: Shoulder Head ShoulderCanadian Dollar/Swiss Franc look bearish in this side as we see a clearly Shoulder Head Shoulder (a bearish pattern). Because what we see that the price doesn't make a support, did you know? a weak as it's show us in this moment. This it's not a bullish signal, it's mean a market trap in formation that we would need to be pending in this trade. What I'm bearish in CAD/CHF. We see that the price forming like a little bearish rising wedge.
In this screenshot, we see a perfect formation of this bearish chartist pattern!!! Shoulder Head Shoulder
Now, we see this point that CAD/CHF it's in the higher point to sell. What we see a key point to remain in this purple arrow that I show you very well. But this signal it's bearish for who watching
Now, I'm shorting CAD/CHF from $0.7302 CHF, Stop Loss to $0.7332 CHF (30 pips) and target profit to $0.7230 CHF (71 pips)
Now, I'm not bullish and the bullish perspective what I sending the screenshot, it's not valid, what I update the information here,
Good luck!!!
Remember: For tomorrow we hope the interest rate decision by Bank of Canada, what hope to hike another 75 bps to 4%, previosuly was 3.25%.
So, we hope this important event for Canadian currency.
GBP/USD: Review!!!In this review, I made an analysis in short position after this fundamental analysis that I told in the past to review again:
1) Britain's new Financer Minister Jeremy Hund on Monday scrapped Prime Minister Lizz Truss's economic plan, which had sapped investor confidence in Britain in recent weeks.
2) The British finance minister take decision to reverse most of the government's "mini budget" prompted investor to reassess the outlook of UK interest rates
3) Bank of England comment that they will go ahead with plans to start selling some of its huge stock of government bonds with the first sale due on November 1 2022, a day later than previsouly planned to avoid clashing with a government fiscal statement.
4) Sterling retained strenght as investor sentiment soared as the UK rowed back on its ill-fated tax-slashing mini-budget which had roiled markets.
***5) The boosting sentiment about the tax cuts previously announced by Prime minister Liz Truss, now on today UK new finance minister Jeremy Hunt has canceled nearly all of them fiscal plans that prompted New Prime Minister Liz Truss.
6) As UK government announced the program to cut ta and reduce public spending, there're a potential risk of recession are still growing in the UK economy since 2021, forcing to raise taxes and weigh deep spending cuts.
So, based in this review. I made an excellent analysis in Pound/Dollar in the past week. Entering in the smart point in $1.1351 USD and take profit exactly at $1.1171 USD. What I got 179 pips earned in this trade. But as this was very coincidence that my target was very fix an hours more later, the price climbed that would have to take my break even that I putted. But I got 16.34% earned in this trade and also starting this week and this month, too.
This analysis was excellent driven by fundamental news very well!!!
So, let's continue following how the market move tomorrow in Forex market!!!
See you tomorrow!!!
Cardano could to carry down the price to $0.22 centsIn this weekly analysis, we see another and possible crash of -42% in the price. And now, Cardano break down this descending triangle and we can to expect a pull back and then, entry in the short position following the projection.
Also, for your recommendation don't buy Cardano in this end of tis bear market, starting to buy Bitcoin and hold Bitcoin or use part of them to make trading in the financial market. A good strategy it's using Cardano dominance and check out Cardano/Bitcoin correlation, for you, Cardano still bearish in this correlation in front of Bitcoin value.
So guys, that it's all information that I can to bring you and be prepared for this crash!!!
GBP/USD: New perspective what UK new Finance Minister saidFundamental Analysis:
1) Britain's new Financer Minister Jeremy Hund on Monday scrapped Prime Minister Lizz Truss's economic plan, which had sapped investor confidence in Britain in recent weeks.
2) The British finance minister take decision to reverse most of the government's "mini budget" prompted investor to reassess the outlook of UK interest rates
3) Bank of England comment that they will go ahead with plans to start selling some of its huge stock of government bonds with the first sale due on November 1 2022, a day later than previsouly planned to avoid clashing with a government fiscal statement.
4) Sterling retained strenght as investor sentiment soared as the UK rowed back on its ill-fated tax-slashing mini-budget which had roiled markets.
***5) The boosting sentiment about the tax cuts previously announced by Prime minister Liz Truss, now on today UK new finance minister Jeremy Hunt has canceled nearly all of them fiscal plans that prompted New Prime Minister Liz Truss.
6) As UK government announced the program to cut ta and reduce public spending, there're a potential risk of recession are still growing in the UK economy since 2021, forcing to raise taxes and weigh deep spending cuts.
Fundamentally, we see another clue that what New finance minister Jeremy Hunt do. As Mr. Hunt reverse most of the government fiscal plan to help support the fund massive tax cuts with borrowing, as a smart plan to resulting in the UK Central Bank as stepping in to restore calm in the Britain markets. What I comment yesterday, now we see another perspective and very bad what Pound news came out. But now, we have that Bank of England plans to start selling some of the stock government bonds on NOvember 1 2022. What it's look a worry news that not sound good.
Technically, we see a possible short position to sell pound based this news that I show up. I will put a sell order limit to $1.1351 USD (in the smart point to sell), Stop Loss to $1.1400 USD and take profit to $1.1171 USD.
Good luck!!!
I believe that Pound it's the time to put an eye in this perspective to short GBP in Forex pars.
Ethereum confirmed the bearish signal below of the EMA 200Ethereum confirmed this bearish signal that we look a bearish evolving pattern in weekly timeframe. What the price it's below of the EMA 200 and now it's may to turn to the another crash incoming in Ethereum price. What we could to found out short position in our trades during the next weeks. Also, I'm watching that if $781 USD will be the bottom of this bear market, it's very important to read and take note in Forex market to know what will be happening with the US Dollar influence in our global financial market.
Now, if in case that $781 doesn't make any support in this level, we could to see so nearly toward $485 USD the minimum support to see in this bottom. But very important to recall it's read and read it what happen in Forex market and take perspective if FED will continue hike interest rate in the next month to see.
So guys, I hope that this analysis was very clear to understand and take plan to short Ethereum with solid fundament.
BTCThis is my take on the current situation.
BTC is currently on the support of the last high, this would be a perfect retest and a possible double bottom for BTC.
However, BTC is also forming a bearish triangle with a measured move going way below 10k.
I believe the crypto marked is trying to bottom,
The last few weeks the market has felt different, some ALT coins has been popping, and a lot of bullish idea can be found on different charts.
We might see one move lower and experience a max pain scenario before reversing.
At this point i believe there's a lot more upside potential than downside potential.
This setup provides to options:
Go short if the bears break through the red support line.
Go long if bulls break the green resistance line.
AUDJPY 60 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
AMZN: Bearish setup!!!Amazon, Inc look very interesting to short in weekly timeframe.
So, I love to trade stocks in big timeframe as the big benefit it's the patience and trade in big timeframe we could to earn a lot money in medium to long term and being disciplined.
So, I'm analyzing that Amazon look bearish in weekly timeframe that we could to get benefit trade in bearish trend. Also if you trade in Daily, still bearish. I like to trade stock and crypto in over Day timeframe and also swing trading are the best strategy to do, for me.
So, I'm bearish in Amazon, as the same stock market and cryptocurrencies.
Good luck!!!
Remember,I have another account to trade stock and crypto market, but I have another account just to trade Forex. What we could to get good benefit for our investment.