CAD/CHF: short position; new updateFor what I analyzing in H1 timeframe, the price action only trying to break-out at favor by bulls. But we're in the point that we would need to short in H1 timeframe and keep away the H4 becuase the bullish perspective could be cancelled now, but taking in note that we're in the bull trend.
I will put a sell order limit to $0.7727 CHF and target to $0.7660 CHF (68 pips) and Stop Loss to $0.7752 CHF (24 pips)
Also to take confluence, the Oil it's drop and this it's a good alarm that Canadian Dollar will slip down.
This it's the panoramic in H4, we're still in this bullish channel perspective, but the price action take momentum of bears in H1. So, in this timeframe I see a 2 bearish candlestick with rejection and signal. I see a bearish pressure in the first candlestick and more later we see a beamish hanging man indicating sell in 2 confirmation more. That it's a bearish signal that CAD/CHF will down at least maybe 60 pips.
Also, I draw this level support to watch very good.
I hope that this idea support you.
Remember, the trend still bullish, but CAD/CHF it's into this bullish channel in formation and we're still in the phase #4 of Elliot Wave Cycle
Good luck in this short position
Bearishsetup
XRP it's moving to this crash to $0.24 centsIn this quickly analysis. I'm shorting XRP right now and I see that the price it's make a descending the price in these days that we have it.
So, I use the Astroforex, similar that I use in Forex Daily analysis and work better to identify entries in the trend.
Also to share, in weekly timeframe we keep bearish in this trend and I'm bearish in XRP
I'm shorting XRP until $0.24 cents. And I keep the SL to 40.46 cents.
Good luck if you're going to short XRP!!!
ETH/USD: bearish candlestick pattern to short EthereumEthereum continue into this downside and I believe that we're in the good place to short Ethereum in H4 timeframe.
I show you the 3 candlestick pattern in the display what I see in this analysis very good to short Ethereum
And also, I make this analysis because in H8 timeframe we're in the good place to short Ethereum and following the trend, but in any moment we could to break out this up trend line that you can see in H1 timeframe.
I entry around $1,798 USD and I put my SL to $1,867 USD and target to $1,617 USD using this Fibonacci.
To look, in the H8 we take the point 0.382% of Fibonacci and if we see in H4 timeframe, the price make confluence in the 0.618% of Fibonacci level.
And that it's a good confluence and analysis here to short cryptos.
I hope that this idea support you
EUR/GBP: bearish hammer formedIn this analysis and update, I make an analysis in H4 timeframe and I see a bearish opportunity to find down.
So, we're into this symmetric triangle, but looking in this timeframe the price could to make the reversal to goes to the up trend line around 0.8460 GBP.
This it's a good opportunity to short EUR/GBP in this timeframe, the're not any bullish signal as the bullish signal was in the precise candlestick that it's below of this.
My entry price was around 0.8514 GBP (56 pips) and target to 0.8460 (GBP and SLto 0.8540 GBP (24 pips)
Good luck!!!
GBP/AUD: Higher Low in this market structure explainedGreat Britain Pound/Australian Dollar make a downtrend market structure in H4 timeframe with chance to short GBP/AUD in this trade
For that, I will show you one of the Forex secret strategy to take in note, because into this consolidation in H4 timeframe. I see that the price make Higher Low in this structure, and also for reference the EMA 200 it's a good driven to hope a best place to look, becuase as the price it's make resistance in the EMA 200 descending the price, I see a possible opportunity to short GBP/AUD.
Meanwhile, in Daily timeframe we see that the price look descending in the price action analysis. We see that we could to look a good short position
So guys, i will place a sell order limit to $1.7683 AUD and SL to $1.7760 AUD (76 pips) and take profit at $1.7347 AUD (337 pips). Also to take in note, the UK news bring us bad expectative to short GBP about the fundamental analysis hand to hand with the technical analysis here in Sterling Pound
I hope that this idea support you
Good luck!!!
Elliott Wave Intraday Analysis: USDCHF Is Slowing DownHello traders, today we will talk about USDCHF pair. We will show you price action from technical point of view and wave structure from Elliott wave perspective.
USDCHF came higher very aggressively back in April and at the start of May, but after recent slow down for the US dollar, we can see USD is the weakest against CHF currency. So, USDCHF pair can be now trading in an Elliott wave (A)-(B)-(C) corrective decline.
In Elliott waves, we always have to expect corrections to be made by three waves A-B-C, especially if we get a five-wave impulse in the first leg A.
With current sharp and impulsive decline, USDCHF can be now finishing an Elliott wave five-wave cycle within first leg (A). So, bounce and Elliott wave three-wave A-B-C corrective recovery in wave (B) can be around the corner before we will see another decline for wave (C). Resistance can be anywhere between 0.98 – 0.99 area.
Happy trading!
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USD/CAD: Change of the growth divergence in U.S. DollarThe U.S. Dollar fell today as investor see a less optimistic this week and that growth divergence could to reverse moving out of the risk sentiment as China se to lift the its city-wide lockdown to the return of the normal life in Shanghai and that could to help the global-growth of another nations. This it's my fundamental analysis that I found out.
So, technically we see that in H4 chart it's look bearish and I point a possible opportunity to find down 139 pips in this trade at the target profit of $1.2644 CAD. And we see that MACD indicator make confluence in the price that we're going to the sell.
Meanwhile, in Daily chart it's look bearish.
I hope that this analysis support you!!!
Good luck
I show you my trade info in my display to make a trade in this short position
EUR/CAD: UpdateEuro/Canadian Dollar went from $1.3471 CAD from $1.3411 CAD in this bearish movement that I believe that this will be an opportunity to short.
I use Fibonacci level and I see that EUR/CAD make reaction in the 0.618% Fibonacci Gold zone and for that, I entry in the early in my analysis of my iphone. But now, this it's by computer now. Also, I move the SL to $1.3485 pips to cut loss as my SL was $1.3517 CAD to cut loss an also protect pips of cuts loss. And also ,I update my take profit to $1.3340 CAD.(+131 pips) of potential to earn.
This it's the H4 timeframe and the trend it's clearly bearish in this par.
In Daily timeframe, we formed like triple top and that it's a bearish continuation side in this bear market what EUR/CAD move it.
So guys, at the moment, we have approximately 56 pips earned in this trade.
I hope that this update work you!!!
Facebook: weekly analysis overviewFacebook it's look bearish from this point that we could to short right now, but this will be my perspective following the technical analysis. And very important combine it with fundamental analysis.
As I see, the U.S. Dollar found out a tightening of the hike interest rates and stock market and cryptocurrencies it's suffering right now!!!
For that, I analyze Facebook in my idea to take a perspective to know. For what I see, this movement will be bearish toward $130 USD per share.
That it's my own opinion to trade stock market.
Also, this will be the first time that I trade and work with stocks to trade. I come more from Forex market, and also my 2nd favorite market it's cryptocurrencies. As I know very well Fore and cryptocurrencies. i want to trade stock market, but very enfocous and combining with fundamental analysis always because it's my way to trade stocks as another financial market. But I'm interesting to trade stocks for first time now!!! But also, I want to take course more deep about stock market to learn more. I know very well Forex and cryptocurrencies very well and how they move it.
I hope that this idea support you!!!
Ethereum: weekly analysis overviewWhat I found out in Ethereum price it's crashing too their price and it's below of $1,900 USD.
I hope a crash to $1,100 USD approximately in their price, that will be the first support, And to take note, we could to see a chance to see Ethereum price round to $785 USD if the key and first support breaking down the zone of $1,100 USD.
And then, this it's the monthly analysis timeframe and I see a bearish perspective in the price showing this model of chart that I draw.
Also, Ethereum price it's very key to look their rally in the next year and starting to accumulate Ethereum to make compound interest by year to accumulate enough Ethereum by long term and use them Ethereum to create another portfolio in cryptocurrencies.
One of my favortie altcoin that I want to accumulate it's Cardano by long term.
NEO/USD: Overview!!!As I'm in this trade, NEO continue to the downside and I see a more sell-off that the price could to reach $6.50 USD
This it's the weekly timeframe and we see a sell-off and I thinking that NEO could to reach their minimum historical maximum around of $6 dollar approx.
That it's what I think!!!
I hope that this analysis support you!!!
ADA/USD: UpdateAs Cardano price crash during these days. I get over 178% in profit. A huge earns just shorting Cardano in my broker.
Now to update, I keep in short position with the same target profit at $0.40 cents as my broker doesn't take my profit for just 2 cents of difference.
So, in H4 it's look bearish and to update here, I put a break even to cut loss in my entry price that was around $0.66 cents.
To remain, Cardano it's almost to get this target profit of $0.40 cents as we see a good perspective that my analysis was correct in what I have this perspective to shorting ADA
Good luck!!!
AUD/CAD: short positionAustralian Dollar/Canadian Dollar it's moving to the downside and I see a bearish trade from the market price to my target toward $0.8922 CAD.
So, I'm shorting AUD/CAD by technical analysis, and very important the fundamental analysis about what happen in China about
1) Data earlier Monday from China showed the country's export growth slowed to single digits in April, growing 3.9% in April from a year earlier, compared with the 14.7% growth reported in March. The growth was the slowest since June 2020.
2) China’s new yuan loans are expected to have dropped in April after a rebound in March as credit demand weakened, a Reuters poll showed, even as the central bank keeps policy accommodative to support the slowing economy.
So, directly this news will affect the Aussie in this bad news on how the export it's slowed since previously month April that fail to 3.9% and now it's a trouble as that comparsion it's very low than March that was 14.7% and indicate a slow productinn of exportation growth and all it's about the lockdown of covid-19 in China cities and another issue in the healthy system.
The Daily timeframe it's look bearish!!!
This it's the H1 timeframe and this it's a confirmation combining and analyzing the H1 and H4, I took decision to short AUD now! by price action, we see a bearish hammer here and in H4 we see like a bearish engulfing in this timefframe
So, I'm shorting AUD/CAD now
Good luck!!!
ADA/USD: Short PositionThis it's my update of my previously analysis from ADA/USD in the early. So, I'm in short position and I analyzed that Cardano touch the 0.618% Fibonacci level and important zone to continue sell.
So, I'm bearish in Cardano. I entry around $0.66 cents and I move the SL to $0.72 cents and i will share my possible targets to reach down using Fibonacci extension level. So, I see a good targets between 0.782% ($0.55 cents and 1% ($0.51 cents). So, I will hope to know what happen when ADA reach the target of 0.782% and if this broke down, I hope my completely target toward 1%.
So, this trade has a lot potential to earn in this trade.
Also, I share in my weekly timeframe a new bearish perspective that I hope to pass in the Cardano price because I see that Cardano has a lot chance to go down to $0.39 cents approx.
I hope that this idea support you!!!
ADA/USD: To the road to 0.50 centsWe see the bear trend in Cardano in monthly timeframe and I believe that this cryptocurrency will start this bearish movement to find down price around 0.50 cents. Also, I mark a yellow key support around of $0.41 cents
Do you agree with this idea?
Also, if Cardano reach $0.50 cents. I will adjust a good plan to accumulate Cardano by my trading app to accumulate a lot of this coin by long term. And also some cryptocurrencies that I consider like opportunities to the long term.
SOL/USD: short positionSolana make resistance in the 0.618% of Fibonacci level and the price action it's speaking us that it's a good moment to sell this cryptocurrency, or if you make trading in cryptocurrency, Solana it's one of cryptocurrencies that it's moving to the downside in H1 timeframe. I put a short posiiton right now in the market price and SL to $91.70 USD and target to $78.10 USD. This it's a risk/benefit of almost 1:3. It's an escellent and good position to trade Soalana to short.
So guys, we see that right now in our technical analsysi, the price action speaking us right now the moment to sell Solana, we see a bearish darkness cloud the in high and more litle down we see a bearish hammer indicating the moment to sell now.
Good luck!!!
BTC/USD: Bearish rising wedgeBitcoin forming a bearish rising wedge in Daily timeframe. So, you can to put a short position in Daily timeframe like making a sell order limit in the price limit to $39,200 USD. I expect that the asset could to reach down to $34,250 USD approx. You can to put the SL around $41,300 USD and target to $34,250 USD.
Now, in weekly timeframe it's look bearish how I see in this screenshot.
I hope that this idea support you!!!
EUR/AUD: shoulder head shoulderThe price made movement to up this early and we see that this could be a good opportunity to short again Euro/Australian Dollar when take my SL in my 2nd trade and at least, in my first trade, I'm in profit with 31 pips for now. B
Also as we forming a bearish channel, we could to forming a Shoulder Head Shoulder, a bearish pattern in development what I can see, but inevitable, we could't to hope what will be happen in the early today as Euro made a climb of 0.30% approximately.
I will hope that Euro make a bearish cnadlestick of confirmation to entry to short in that price around $1.4606 AUD to see another opportunity here
AUD/JPY: Sell in the change of trendAustralian Dollar keep in this bearish trend in H1 tiemframe. So, we could to put a sell order limit. In my case, I put a sell order limit to $91.77 JPY with my SL to $92.20 JPY (42 pips) and I have a target to $90.54 JPY (123 pips)
This it's the H4 timeframe and the trend it's clearly that we're going to find down this correction, and into this correction it's a good opporutnity to get pips in this week.
And also, I made a Daily analysis that I share in this screenshot and I see that as we're in the correction and confirmed this bearish break out and change of trend, we would hope that AUD/JPY goes to 0.382% around $90.68 JPY. And more below 0.618% as another chance to hit.
I hope that this idea support you very well!!! Also, my previously analysis that I create from my iphone, I will replace it for this analysis in how I see the movement by H4 timeframe.