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Bullishsetup

USD/CAD: Review!!!U.S. Dollar/Canadian Dollar was a good trade that at least for me I catch the target profit fix in $1.3400 CAD exacly. What I was in 2 trades to long position when I knew very good that USD/CAD climbed. And also ,I had a loss of -3.58% in my first trade that I enter and hit my Stop Loss very bad, also I put all my update and analysis of USD/CAD in this week. But my last 2 trades I had a earn of 15.52%, what I recover part of my loss and also my extra earns that only my real earned was 11.95%. But I want to share you some observations that I note that I can to work my technical analysis better, when I knew that USD/CAD climbed the price and my perspective was excellent, but I can to work a little more my analysis to share my observations here Everything it's explain in this screenshot!!! So, my analysis in H1 timeframe look good, but I can to work a little more as I explain in the above of this screenshot to improve my entry in the smart point to be my entry a little more precise when I'm very sure that USD climbed. And my Daily analysis, as I predicted very well, pass. In summary, I would have a precise entry if I only draw in H4 timeframe the smart point and also put my buy order limit around 1.3450 CAD and also a little more patience. This it's the major observations that I note to work my analysis like this when it's about a market reversal. The key it's being a little more patience when I knew that my perspective was excellent, and could be perfect, but was almost perfect, the only to know it's study this observations to the next analysis like this. So, as i got 11.95% earned. i will need tu sum with my anothers analysis in EUR/USD and GBP/CAD to get my real results. At the moment, I hold 10.07% in this month and sum it 11.95%. So, I get 22.02% for now. But only one moment because as I had 2 fell trades in EUR/USD and 1 trade with a small eanr, I will need to calculate it very well with GBP/CAD whtat was a partial earns that I decide today to closed up this long position with profits. And also a review of EUR/GBP of the past week analysis that I need to make a review too. So guys, if you like the review111 Notice that every week I will make review to evaluate my trades specially in Forex market.
Long
by harisonhbn9718
USD/CAD: UpdateAt the moment, we're in profit in both trades. and also I see that USD/CAD was manipulated for second time, but in this time doesn't hit my Stop Loss, but as I knew, was climb up as I said you. This was a pure manipulation that also, I have a comment and note to improve my skill in this kind of analysis a little more to be excellent to trade when I knew it. At the moment, I'm in profit with 4.89% in profit. what I recover part of my loss in the first trade. The only that I want to do it's update my target profit to down a little to fix in $1.3400 CAD. As first we have a smart point that institutional want to carry the price to this smart point that I'm watching in this grey zone. So, we continue hold this position. For tomorrow, we have 2 important news in our economic calendar about U.S. Initial Jobless Claims and Philadelphia FED Manufacturing, what I expect that Dollar continue bullish in this way. This it's the H4 timeframe and analysis here to view better!!! We're bullish in this trade
Long
by harisonhbn9718
USD/CAD: bought by fundamental news!!!The U.S. Dollar look bullish by sense in the fundamental news what I read in my own opinion. What as I share what I found out. 1) U.S. Dollar rose against the basket of currencies, as investor kept their focus on the Federal Reserve's interest rate hiking path after a policymaker said too much of last week's cooler U.S. inflation data 2) Governor Christopher Waller told on this Sunday that FED could now start thinking about hiking at a slower pace as inflation print was just one data point that they're similar readings would needed to show convincingly that U.S. inflation was slowing. 3) Adam Button (Chief Currency Analyst at Forex Live in Toronto, Canada) put in note that investor hopes how far the FED make recalibration to rethink it needs some time to digest the enormous. He comment too, that he's expect that market to consolidate and digest some of these moves. 4) The release of cooler than expected U.S. Consumer Price Index for October on Thursday prompted a sharp retreat in the Dollar on raised expectations that FED will decide to temper its aggressive monetary tightening with another potential to hike 50 bps in December. 5) Governor Christopher Waller attempted to punture this optimism, saying in an interview over the weekend that the markets shouldn't get carried away over just one a data point to hike slower pace as inflation began to slow. 6) Federal Reserve will likely soon slow its interest rates hikes. Signalizing that U.S. Central Bank tries to figure out how high borrowing cost need to go and how long they should stay there to bring down inflation. Now, fundamentally the fundamental news sound bullish for USD as we see that first, investor kept their focus on the Federal Reserve's interest rate hiking path after a policymaker said too much of last week's cooler U.S. inflation data. This sentence it's appear that indicate that U.S. Dollar it's entry in demand as investor still watching the Federal Reserve's focus about interest rate hikes in December 2022. Another fundamental news are talking that FED it's seem to starting to slow pace the interest rates hikes, and economist believe that FED may to hike not 75 bps, did you know 50 bps after inflation it's hot and also, it's very necessary to know if U.S. Central Bank will bring down inflation as there're economic data that appoint that Federal Reserve may be less aggressive to hike interest rate and may to change their monetary policy in US. Now, based in our technical analysis, we see this: I see an ABCD harmonic pattern what we can to get a nice opportunity to bought USD/CAD. And I draw a fibonacci level, with expection in two important point in 0.382% and 0.618%, What mean that we can to find up targets in one of those zones. And also the MACD it's almost oversold. Now, in H1 we see in this chart that USD/CAD formed a little symmetric triangle, and seem that they (institutional) move the Dollar to the upside. So, I put a buy order in $1.3300 CAD, Stop Loss in $1.3250 CAD and take profit $1.3440 CAD. This it's a risk/benefit 1:3. This could be a nice trade in this week. Good luck!!!
Long
by harisonhbn9718
4
EUR/CAD: Update; break evenEuro/Canadian Dollar rose to the bullish side as in this moment it's in the run toward my target profit that have less 61 pips more. What in this moment, I will put a break even to protect my earns from now in $1.3546 CAD, in case that EUR/CAD go back to the previously level, I'm protecting with 41 pips earned from by break even. But in my trade, I have 89 pips earned. But EUR/CAD continue up. Now, it's very important to look this reaction if EUR/CAD may to continue up, in case of any bearish rejection from this reaction, it's a sell signal and obviously, it's necessary to pick up our earns. At the moment, we're in course lead by fundamental news very well in this trade. Good luck!!!
Long
by harisonhbn9718
3
EUR/AUD: Review!!!Well ,in this last analsyis of my past week. I made a trade in EUR/AUD, but unfortunately, I loss in this trade 3.76% with my 1.37% in general loss. those it's sum to 5.13% in loss the past week, that in my past week starting in November. What I remember that I was in long position in EUR/AUD and into this bullish setup. So, at the moment, this trade was a little hard as after we had the past week the FED interest rate decision. So, as I enter in November 1 2022 at $1.5424 CAD, that was a bad entry in the higer and it's suppose to entry in the bottom previosuly like $1.5390 CAD levels and then the price go to my direction, at least in the top of this descending line making higher low. But everything it's process of learning edge So guys, in the past week I had in loss 5.13%. But that this not all, as this week I have 2 trade in positive in Ethereum and EUR/GBP that touch my my full target profit. That those trade I will analyze it more later, and also, I'm still in long in EUR/CAD in profit in this week. I have 2 trade that was excellent and I hope that EUR/CAD go ahead .
Long
by harisonhbn9718
EUR/CHF: Review!!!As this week, I traded EUR/CHF into this bullish channel with a bullish perspective from November 6 2022. EUR/CHF goes bullish, and also I had one traded that I entry around $0.9892 CHF, I was in small profit, but I take a better decision before that price make a little drop on November 7 2022 that I was in profit like 22 pips, but I closed up with a small loss of 0.88%. As this was a market manipulation and I was in buy order place later of this movement. But I was in long and my perspective was bullish. But I note that as EUR/CHF moved into this bullish channel, the price make fluctuations between this range. But on Yesterday, I decide to cancel my buy order limit and this trade, as I knew that EURCHF continue up by fundamental news. But now, I see an interesting movement that gave it, EUR/CHF break up the bullish channel and EMA 200, what if I see like learning edge process a short position in the top if this channel, that if traders see this point, it's a good option to short, but as I was in long, so I was bullish in EUR/CHF, but what I found out an interesting resource it's when we're into this channel, it's necessary to mark the precise point where will be the key reaction that the price will respond me Marking a resistance line of key reaction like this. this work in your trading experience. So guys, as I took this trade, it's not bad, it's ok in this trade that I got a small loss like 0.88%. And well, everything it's possible in Forex market and be prepared by experience, make the master. I will add the follwing link to related idea to read my past analysis on EUR/CHF
Long
by harisonhbn9718
EUR/CAD: UpdateThis was my today analysis in EUR/CAD, still bullish, right now, I'm analyzing that Euro/Canadian Dollar still above of the EMA 200, and it's like support. So, right now we see a strong bullish candlestick that end this formation, indicating bought in H4 timeframe. So, I don't have a lot to analyze this par, as I see that Euro still up lead by fundamental news. I put my buy order limit to $1.3505 CAD. Stop Loss to $1.3452 CAD and target profit to $1.3658 CAD. This was update from my analysis in my link to related idea. Good luck!!!
Long
by harisonhbn9718
1
EUR/CHF: bullish channelEuro/Swiss Franc it's seem that forming a bullish channel in H4 timeframe, and then, we can to put a buy order limit in that key zone at $0.9884 CHF. it's not short position, but as I knew that EUR/CHF will drop as I was in long, so, I only closed up with small loss like 0.83%. But I found out this zone in the important zone to watch out. We're in the bullish setup, what we can to get nice profit in this long posiiton. We see a bulish rising wedge and the price break up this chartist pattern Good luck!!!
Long
by harisonhbn9718
4
EUR/GBP: Two scenario; possible tradeIn this analysis, Euro/Pound look bullish based my perspective what I see this market trap. And also, we can to ask if this it's a sell imminent, but not yet, this it's a market trap and also I will share some points here why Euro will go bullish in front of Pound. Fundamental Analysis: 1) Euro and Pound rose against the safe haven Dollar on Monday, supported by a risk on sentiment across markets as investors digested positive eurozone data and looked to cash n on the strength of the U.S. Dollar 2) A survey showed on Monday that investors morale in the euro zone improved in November, and reflecting hopes that recent warmer temperatures and falling energy prices will prevent gas rationing on the continent this winter. 3) Germany should hike taxes on rich to finance relief packages. 4) Euro Zone investors morale up for first time since August 2022 Fundamentally, based this correlation with Euro and Sterling Pound, we see that investors seem to be some optimistic with eurozone data in the past week that ECB President Lagarde spoke. And also, Germany's economic advisory council 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, What I think it's that German government may to raise taxes on rich to finance a multi-billion program to fight the energy crisis that whole Europe has since began of this year. Technically, it's bullish for Euro. Now talking about technical analysis, we could to form a possible Shoulder Head Shoulder or Double Top?. We see in this screenshot two possible scenario that I mentioned above, and EMA 200 make support exactly where the price make reaction. What in case if we get a Shoulder Head Shoulder (to be complete), we would need to valid this reaction point from $0.8738 GBP, if in case that fall and broke up, we can to watching a Double Top after of this validation to be complete. What it's very important to read the price action always. Meanwhile, in Daily timeframe we see this perspective that Euro want to make a supply zone into this range, if we see, still bearish in this bearish channel, but it's not matter to keep watching what happen. Good luck in this long position!!!
Long
by harisonhbn9718
Bitcoin could to jump to $22kToday, Bitcoin it's around $21,230 USD. Also, as my past analysis, I knew that Bitcoin will climb, but I believe that my technical analysis was pretty good, only that trading in day trading, I will need to fix the smart entry as the price lead to my Stop Loss. And well, my analysis need to be little more cheerfully to understand it. But well, I'm analyzing from my computer and right now, what happen now it's that Bitcoin made a break-out vs. the traditional markets. Because they're a speculation after the FED raise interest rates to 4% on Wednesday, November 2 2022. But economist expect a possible change of monetary policy if the FED seem to be less aggressive to hike interest rates. And also, fundamentally, Bitcoin could to change the way vs the traditional markets. On December, we have in our economic calendar the last interest rate decision and the FED will define how they will bring us the signal what the US central bank do to lead the US monetary policy. Technically, we see a possible bought as investor sentiment it's seem that want to lead the Bitcoin price to the up. Now, in H4 Bitcoin break-out this symmetric triangle, as I said that it's a possible accumulation zone very good identified. And also, we hope a bought in one of the following level according by Fibonacci analysis in 0.382% ($21.168 USD) and 0.618% ($20,979 USD) I hope that this analysis support you!!! I will make reviews incoming!!!! This it's the Daily chart and it's appear that Bitcoin could to continue up toward $22k. The key word that I found out it's that Bitcoin break out the correlation vs. the traditional markets. So, in the past week, as I traded Forex and Bitcoin only, I get some loss and some earns. As past week, was a little hard how the market move on. What I result with -6.77% loss according my weekly risk management fix to 6%. But we see a very clear perspective what happen in the markets. So guys, I will like to trade Forex combine with some cryptocurrencies, Gold, Silver to earn more expectative for my analysis.
COINBASE:BTCUSDLong
by harisonhbn9718
4
AUD/JPY: UpdateFor the moment, Australian Dollar/Yen Japanese still bullish and we're in the driven direction to the upside. So, the only udpate it's move the break even at $$94.44 JPY. And my target it's the same $95.60 JPY. But I want to share you what I expect for the next movement to see later that if AUD/JPY reach my target profit. We hope a little down until $94.85 JPY. That we could to shorting from $95.60 JPY if we see any bearish signal from this key reaction point that I'm see. Good luck!!! ***Remember, we have an event from Reserve Bank of Australia about interest rate decision by Australia Central Bank, what the central bacnk expect to raise 2.85% vs. the previously 2.60%. We hope that Aussie continue up!!! Use break even to cut loss in case that AUD/JPY go back to the previously level what we enter.
Long
by harisonhbn9718
1
Bitcoin could to continue climb to $22kIn this update, I will analyze Bitcoin from H2 timeframe giving me an interesting fact that the price could to continue climb toward $22k. It's appear that in H4 timeframe look bullish in this run. Meanwhile, in Daily timeframe, Bitcoin forming a possible bearish Gartley Harmonic Pattern, what more later, this look a good opportunity to short in the smart zone. For now, I'm in long toward $22k. Maybe, we could to see any possible bearish channel formation in Daily and this could be a good idea to take in perspective. I'm in long from $20,890 USD, Stop Loss to $20,450 USD and take profit to $22k. ***Based in the fundamental analysis, everything will depend on the next week how far FED will raise interest rate? And any bearish signal that if the FED don't make an aggressive interesting rate indicating pessimistic based the forecast what Jerome Powell has, we could to see a strong data here that Bitcoin and S&P 500 may be bullish in this case to watch in the next week. The U.S. Dollar take risk in the curb of possible recession that some economist said recently and a bad speculation that appear in Forex market to take in perspective with U.S. Dollar. Good luck!!!
COINBASE:BTCUSDLong
by harisonhbn9718
3
CAD/CHF: Update!!!In this analysis from Friday and very update, we see that Canadian Dollar/Swiss Franc continue to my led direction in the upside. So, I see that H1 timeframe look strong bullish. The only udpate will be to put a break-even in $0.7304 CHF. That it's to cut loss like 12 pips what I enter $0.7316 CHF. What in this moment, I have 34 pips in profit. And move the target profit toward $0.7390 CHF. If CAD/CHF hit my target profit, my result will be 74 pips in earnings. Now, watching in H4 timeframe still bullish, and taking a good point what I bought!!! Now, I believe that CAD/CHF it's leading to the top of this higher low line that I draw. in 2 times, made a higher low in the price. What I thought that it's in the reaction that the price drive us. So, this it's a good opportunity to look!!! ***Now, on this wednesday, we have impotant event to watch like 1. FED Interest Rate Decision, what U.S. Central Bank expect to raise 4% as they forecast, vs. the previously 3.25%. Also, we have another event to watch during this week like rates in Bank of England interest rate desicion, and many other important event to watch in Forex market. Good luck!!!
Long
by harisonhbn9718
5
CAD/CHF: Long position; updateIn this little update, as I was first in short from yesterday until I watching that CAD/CHF break up this pattern that formed a bullish rising wedge, So, as I closed up my short position with a small loss of 1.33% as I was in two order to the short. For what, analyzing this case, it's bullish scenario. But everything could to happen in Forex market to give me the exercise to improve my skills in trading. What we see it's a bullish rising wedge and the price made this pull back and confirmation in this point ,what I'm in long from this morning from $0.7317 CHF and Stop Loss to $0.7288 CHF. And my fix target toward $0.7372 CHF. We see a bullish scenario case. So, I will calculate any loss or earn in this trade in the next week, as I decide to hold this position and run until next week. What my result I will post fo November 2022. Tomorrow I will make my last review of my Forex par to analyze it, and then know what was my monthly percentage in this month. Good luck!!!
Long
by harisonhbn9718
Bitcoin forming bullish rising wedgeIn this analysis, Bitcoin it's into this bullish channel in H4 timeframe what the price it's being formed. And we're in the strong support that you can to watching in Daily timeframe or here in this screenshot that I share you: Based in this perspective, we developing a strong support what in 5 times the bulls are defend this level of $18, 980 USD. And also, we forming a big bulish rising wedge, that mean if the price continue up, we could to see that Bitcoin hit the mark of $22,000 USD approx. But everything will depend how the market make reaction in the next week. But now, in H4 into this deep analysis, we forming a bullish channel and into this chartist pattern, we see a bullish rising wedge in formation. Now, I believe that we're in the good moment to place a buy order limit to make a trading in Bitcoin. I put a buy order limit to $18,980 USD. Stop Loss to $18,300 USD and take profit to $20,660 USD. It's a risk/benefit 1:2 Good luck!!! I will look Ethereum situation!!!
COINBASE:BTCUSDLong
by harisonhbn9718
5
Ethereum forming a descending channelIn this Daily timeframe, I show an interesting analysis that I found out in this perspective. Ethereum still strong in the support $1,264 USD. What bulls defending this level. Ethereum forming this descending channel in Daily timeframe since August, 15, 2022 and it's making higher low and lower low forming this market structure. But now, I believe that the price it's in the good zone to accumulation showing this bullish channel flag in H4 timeframe that I found out. And now, we could to see in the price action in Daily timeframe, specifically, that in 3 times we see a strong bullish signal. We see a bullish harami, a bullish doji Libelula and a bullish hammer. Those candlestick indicating bullish signal Now, I re-entry to long position puting my buy order again in $1,296 USD and Stop Loss to $1,225. And my psycological target to $1,460 USD. This it's a risk/benefit of 1:2. Good Luck to long Ethereum!!!
COINBASE:ETHUSDLong
by harisonhbn9718
2
USD/CAD: Expectative in the trendFundamental Analysis: 1. U.S. Treasury Yields climbed on Monday as investor remained concerned the FED would maintain it's ultra hawkish stance on fighting inflation despite economic data pointing to a slowdown in U.S. Business activity in October. 2. Investor will be watching closely at any indication from policy makers of a less aggressive approach regarding future rate hikes as FED expected to increase 75 bps in the next week. So, we see some fundamental news that sound negative and could to affect the Dollar. But now, we could to see a possible sshort position in USD.CAD to short. So, we hope it!!! Good luck!!!
Short
by harisonhbn9718
6