ETH/USD: Long position toward $1,730 USDEthereum price look bullish in this side and could to lead to $1,730 USD. The price it's only speak us that the price will continue climb. So, I said in Daily analsysi here that Ethereum will find up a key resistance in $1,630 USD approx. in Daily resistance. So, if Ethereum break out this level, it's very secure that Ether will blow up. And also Ethereum it's trying to break-out the EMA 200 in Daily timeframe too.
I enter to long position now in Ethereum price in $1,546 USD, Stop Loss in $1,481 USD and take profit in $1,730 USD.
Good luck in this trade!!!
Bullishsetup
ETH/USD: Daily perspective to watch in Ethereum priceIn Daily timeframe, Ethereum trying to break-out the EMA 200 and we see another chance that may to climb to $1,638 USD, but if we break-out this resistance key in this reaction point, we could to see a bulls enter here This look a very interesting that we can to long position in the specify price that I will want in this screenshot in the next analysis of my long position in H2 timeframe
I hope that this idea support you and find up news idea to trade crypto!!!
EUR/GBP: bought opportunityEuro/Pound look bullish in this side that look interesting to long, the price action had 2 opportunities to buy in this zone, but a long posiiton could be a good idea to going with the trend in H1 timeframe. I open a long position in the market price in £0.8834 GBP and SL in £0.8813 GBP and take profit in £0.8900 GBP. This will be a risk/benefit of 1:3. It's an excellent opportunity here to long EUR/GBP.
Now, I hope this market structure that pass in the next days to watch to continue to the bullish side toward £0.90 GBP.
Speculating News to follow the trend:
1) Pound struggling amidst equity market pull back as the falling stock market are weighing on the British Pound with analyst saying an ongoing debate over U.S. interest rates appear to be behind the moves.
2) Many investors have been expecting of late that Federal Reserve suggested interest rates would stay higher as global stock market wil continue fell.
3) Around the world, there're some implies further difficulties for businesses based that FED monetary tightening and hot inflation that make therefore largely supportive for Dollar in 2022 and hopes in 2023
4) Eurozone economy won't contract in 2023 says Goldman Sachs following a review of its forecast, UK economy is still expected to suffer a technical recession.
So, speculating news speak that Pound doesn't change in the panoramic that UK has a difficulties in the economy and Goldman Sachs see that the movement that make Pound it's very correlated behind the Dollar. And also, there're some points that I share here that it's talking a recession in UK in 2023, but everything will depend into the dynamic economy that support the UK government and also their UK economy. And also, it's talking that U.S. Dollar it's not in the bearish trend, it's just a correction in the market, but Goldman Sachs make interference that FED will tightening their interest rates and would stay more higher. But this point, will make any break-out in some market like stocks as those will continue fall, in case of crypto will be very correlated with stocks market by nature, but Gold it's staring to break-out the correlation with financial market. And this look an interesting panoramic what happen in this week.
So guys, I hope that this idea, speculating news and analysis support you and open your mind to found out new clues.
Good luck!!!
EUR/GBP: Pull back in the bulish channel This it's the continuation of the analysis that I'm still in long position, but as I closed up my long position, but now, in the good point to enter could be here. And I will cancel my short as it's not the good moment to short Euro when still bullish.
I will hope the candlestick formation and we hope a bullish signal in the price action in hours more later for H1 timeframe
If you see with caution, we see this bullish channel and EUR/GBP make this break out to the upside. What it's look an interesting movement to the upside.
I hope that this analysis support you very well!!!
I will still update this par in hours later. Keep update here!!!
EUR/GBP: Daily overview!!!Euro/Pound look in this bullish perspective that may to increment the value in the couple days to £0.90 Pound. It's a nice setup to find up some pips in this par in long!!!
What it's your plan to trade Euro/Pound in this week and how the pound will affect correlated with Euro and Dollar in forex market ?
I hope that this idea enjoy to develop our analysis in EUR/GBP and take a plan to long this par
Ethereum: bearish channel flag!!!In this moment, we can't to trade Ethereum as we don't know what will happen in both sides. But taking an idea. we can to develop our trading plan for Ethereum price.
In H4 timeframe we're using both perspective that may to happen. Bullish case will be when Ethereum make a pull back in the grey zone and confirm it with a bullish candlestick signal, but with taking caution that we're also in the yellow resistance and smart zone for institutional where in bearish case will convert a market trap and cheat us long position to be liquidated. For that, a bearish case has a lot chance to occur following the purple arrow model that I drew here. And also a bearish channel flag in this case. So, in Daily timeframe still bullish by price action signal, but it's important to take both perspective. But based in what I see, I'm watching with carefully a bearish signal and price action that may to occur in this range that Ethereum develop
I will update this par, as I will take a Day Trading in this par.
EUR/GBP: short positionIn this 2nd analysis, EUR/GBP still bearish in H1 timeframe. But if you watch the 45 minutes timeframe, you can to see that it's more bearish. But this it's a good opportunity to short EUR/GBP now.
Trade Information:
1) Entry Price: £0.8814 GBP
2) Target Profit: £0.8836 GBP (21 pips)
3) Stop Loss: £0.8764 GBP (50 pips)
4) Risk/Benefit: 1:2
Good luck!!!
EUR/GBP: Reaction point to watch in £0.8764 GBPIn this analysis, we see a nice setup that we can to prepare for both scenario here, first berish and second bullish in the smart point like sell here and buy here.
But nothing will be to make a good preparation here. So, we see in H4 timeframe two scenario that it's very possible to watch in the next hour in EUR/GBP. And below of this sentence we see a explanation that we can to get a possible drop toward £0.8764 GBP and then a bullish setup from this smart point, and also another possible will be that EUR/GBP just make a consolidation and then drop, or make a consolidatio with some time and then make a cheat in the market, it's a thing to watch here and take this both scenario. But in my personal opinion, I believe that EUR/GBP will drop until £0.8764 GBP and then from this smart point will be a bullish setup.
And also to take a perspective in Daily timeframe, we're bullish!!!
Now, I will make a 2nd analysis there to explain why I decide to short EUR/GBP
Good luck!!!
USDCAD - 240 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
AUD/CAD: bullish market structureAustralian Dollar/Canadian Dollar has the potential change of trend that based on this analysis, we're in the smart point to buy. But we formed a Elliot Wave Cycle in this analysis. And analyzing the price action, we see a bullish candlestick in this timeframe.
In the RSI in H1 timeframe, I appreciate a bullish hide divergence formed and this mean that there's a curb in this trend that will make reversal. Applying market psychology, could to help you to identify this Elliot Wave pattern. What we have the change to get 155 pips in this trade.
This it's the Elliot Wave Cycle, and we're in the phase #4 in this correction before.
And applying this market psychology, we can to see a nice overview in this chart. What in H1 timeframe we can to put a buy order limit in $0.9060 CAD, and SL adjust to $0.9009 CAD. So, guys, this trade has a chance to to up. what depend how the candlestick behaviors during the next hours in the range of 8-16 hour, we can to take clue if that zone to buy place it's an accumulation in process to form and look after this range if AUD/CAD will climb .
Good Luck!!!
WEEKLY TIME FRAME - KM SUGAR MILLS LTD The 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
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!!!
EURGBP again - Trade SetupHello Dear fellows, how are you doing , yesterday we stopped out in Sell trade , it was a just quick trade setup i knew it can go up but for some reason i went with with Short side , anyways today i will be looking this pair for Buying for reasonable target , today's Stoploss slightly bigger than usually i use . so take risk accordingly .
I will keep updating here whether the idea is performing or not or positions adding Etc .
Take Affordable Risk . this is not your Last Trade keep in mind !
Best of Luck !
EUR/AUD: smart bought in the reaction points!!!Euro/Australian Dollar look bullish from this point that I identify a possible nice opportunity to get so much pips in this only trade.
As first, in Daily timeframe EUR/AUD forming a bullish channel perspective that could to continue climb until $1.5920 AUD. Also, the candlestick it's appear that still bullish.
In H4 timeframe we are in the smart zone in the $1.5551 AUD that price it's just make reaction in this zone to find down new buyers to long position. And also, I make some correlations that I draw a order block and a diagonal point line that work like support and maybe, if in H4 timeframe closed up with a bullish signal. We can to see a strength in this par.
And finally, we're in H2 timeframe here in this analysis, and we see that that EUR look strength than Aussie. So guys, we see a nice opportunity here to bought!!
Good luck!!!
Ethereum: bullish market strucutreEthereum doesn't make a drop as it's supposed what I had counted it. But right now, the price action may to speak us that the price in H1 timeframe it's moving to the upside and maybe, bulls appear that want to go to carry up the price to $1,286 USD. I closed up manually and I decide to long Ethereum now from this point!!!
It's appear that Ethereum doesn't want to drop as may to continue up toward $1,286 USD and then, we would to see if the price could to forming a bearish rejection and check out in timeframes if we see any chartist pattern.
Good luck in this long position in Ethereum price!!!
GBP/CAD: Review!!!In this review. I made an analysis to first in long position that I was in the right direction, but as I make a wrong to closed up a long position and then shorting GBP/CAD that I commented a possible bearish rising wedge in formation. As I loss in this trade 6.56% and the only earns was small like 1.16%. This will turn in 5.41% in loss hold in this trade
But it's the same case of my past analysis in EUR/USD and USD/CAD. The only when I was in long, I don't supposed to closed up this long position when I was in good believing after that this it's a potential bearish rising wedge. In my case, for this kind of analysis, it's necessary to work a little more and always I will use price action o read better this analysis. This long position that I took in Monday, this could be a excellent opportunity. But I see that I will need to be a little more patience to hit my target, read the price action better and what said in timeframes and then don't entry in panic as sometimes the trend only cheat us.
And I believe that this kind of analysis, to add here, when it's talk about a change of trend, it's will being a good option that a change of trend need to make a break up and fall in the market structure to confirm it.
GBP/JPY: Bullish setupGreat Britain Pound/Yen Japanese look bullish, what we can to get this opportunity to the upside direction, what I look that GBP/JPY still bullish form this point over $168.12 JPY. But if the price action still bullish in the next up confirmation ,we're very sure that GBP will continue strengthen.
So, this it's the idea that I decide to trade after GBP/CAD and EUR/CAD rose up and I was shorting them. But I'm sure that GBP/JPY will going to strengthen. But whatever, I will check what I fell in those trades GBP/CAD and EUR/CAD later of those review and how I can to work this trade a little more.
So, I enter in the midday that I'm in long from $168.51 JPY, and I update my Stop Loss now to $167.63 JPY and take profit toward $170.00 JPY.
Good luck in this long position!!!
GBP/CAD: Update!!!In this update, as I made an analysis in Day Trading in GBP/CAD. i said that I enter in $1.5875 CAD and the moment, GBP/CAD it's climb the price as I'm in profit with 27 pips approx.
But well, as I mentioned in Daily chart, we have 2 perspective to watch out in this timeframe the following levels: $1.6000 CAD*** and $1.6050 CAD
I mark 3 little star after CAD to take in note this level in case that doesn't make this break-out, we would closed this position manually with profits in hands. But now, I made a little update that GBP/CAD has a lot chance to reach $1.6050 CAD as the trend still bullish, I don't believe that goes bearish. We can to forming a possible bearish rising wedge by type of charts that I see and I first watching the level $1.5977 that I mark this horizontal line in the previous high. For that, I will watching this level, as we can to see a possible take profit until $1.60 CAD and then make this significantly large drop from this price by the formation of this chartist pattern, be always analyze the price action ever.
At the moment, we're in long and I'm profit!!!
Good luck if you enter in my indications
I will trade until this Wednesday, as after of Thursday, I will closed up all Forex position manually at 5:00 pm independent the status of my trade as I will celebrate Thanksgiving Day and Black Friday for me to share with my family. Unless cryptocurrency position that I'm shorting Bitcoin and XRP since past weeks. My target in $13,500 USD for Bitcoin and $0.25 cents for XRP
GBP/CAD: Daily overview!!!Great Britain Pound/Canadian Dollar was in the upside and now we see a potential bullish setup that GBP/CAD do.
This it's the Daily overview to update here as my analysis to recall that we're in the bullish line. But with a clear perspective that could to be a top until $1.60 CAD.
So, we have 2 perspective to watch:
1. $1.6000 CAD
2. $1.6050 CAD (into this reaction to watch out)
One of these perspective will need to watch out if in case that GBP/CAD break the $1.60 CAD. we can to see a possible perspective to hit $1.6050 CAD.
I hope that this Daily analysis support you!!!
EUR/GBP: ReviewIn this review from November 9 2022, Euro/Sterling Pound was a perfect analysis that I found out when I made this analysis in the past 2 weeks and I was lead by fundamental news that Euro was bullish by fundamental news that I will show you here to recall why Euro was bullish.
Fundamental News to recall it:
1) Euro and Sterling Pound rose against he safe haven dollar on November, 7, 2022, supported by a risk on sentiment across market as investors digested positive eurozone data and looked to cash in on the strength of the US Dollar
2) A survey showed on November, 7, 2022 that investors morale in the euro zone improved in November, and reflecting hopes that recent warmer temperatures and falling energy prices will prevent as rationing on the continent this winter
3) Germany should hike taxes on rich to finance relief packages, adviser say-report
4) Germany's economic council less pessimistic than government on looming recession-source
5) German economic will not face as severe recession next year appointment optimistic economic policy that growth 1.7% compared 1.4% based on unexpected third-quarter growth despite inflation and energy supply concerns.
6) Inflation expected to hit 8% this year, but advisers said that inflation's effect on consumer's purchasing power what exceptionally strong price increase are on the way in 2023, a reason for the looming recession.
7) A German newspaper reported that the advisers will recommend the government raise taxes on the wealthy to help finance the multi-billion-euro relief packages it has agreed to fight the energy crisis.
8) Uk Businesses fear gloomy Christmas as cost of living soars.
9) Dollar slips as German bund yields strengthen Euro
10) Marc Chandler (chief market speculation at Bannockburn Global Forex) told in November, 9, 2022 that a steady climb in German bond yields weakened the Dollar on expectations of further European Central Bank tightening, which cut the spread with Treasury yields.
11) Marc Chandler believe that European Central Bank it's about more aggressiveness than Federal Reserve do, focusing in the movement in two year German bunds. He believe that it's not much difference that monetary and fiscal policy it's playing down in the U.S. election than European Central Bank trying to tightening the European monetary policy and tightening in Euro currency.
12) Germany must ask high earners to help with energy relief-economic council
13) A panel of economic advisers said that Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving end while asking high earners.
14) Monica Schitzer (Economist advisers) said that she look an expectations that Germany's pointing out high earners that benefit from a fuel tax cut and a planned gas price brake. She added at a news conference that "increases government debt will likely more than necessary as well as stoking inflation
15) Christian Lindner (First Ministry German Finance) said that government would carefully to examine the panel's report, but he rejected calls for higher taxes.
16) Germany to examine revised European Union debt rules closely
17) Germany welcomes the fact that the European Commission has proposd its changes to EU fiscal rules on debt.
18) ECB Nagel calls for letting long-term rates rise too.
19) European Central Bank should led long-term borrowing costs rise too, as it increases short-term interest rates to fight runaway prices in the euro zone.
20) ECB has been raising its policy rates at record speed but it is still buying bond to replenish portfolio, which has a dampening impact on long-term bond yields.
So, fundamentally Euro was in the morale up and optimistic by fundamental news that every news may to support Euro/Pound into a long term to plan to bought bonds yields. That it's a key fact that Euro can to change the trend in medium term as a signal.
So, this was a perfect trade without observations as I'm very lead by fundamental news. So, in this trade from past 2 weeks. I got 8.96% in profit that I end this in the past 2 weeks. But was a perfect trade that I found out.