GBP/CAD: entry in the 0.618% fibo to bullish setupWe see a nice opportunity to long GBP/CAD to the bullish setup that I have in my hand. First, GBP/CAD still bullish.
In H4 timeframe, GBP/CAD still in the descending trend that became bullish from January, 8, 2023. What this mean a great opportunity to entry to long in USD/CAD from this month.
Now, in H1 timeframe we see that GBP/CAD made a price in the 0.618% fibonacci level, indicating the best zone to buy. The EMA 200 could indicating support later of this fake break out.
For the moment, I decide to put a buy order limit in $1.6524 CAD, Stop Loss in $1.6474 CAD and take profit to $1.6665 CAD.
I hope that this classic analysis support you
Good luck!!!
Bullishsetup
ETH/USD: bullish setup in Ethereum priceEthereum look interesting in this point to invest to long position or make crypto-trading in H4 timeframe. For if you like to trade day trading, I use a lot H4 and H8 timeframe to trade this kind of market. I don't like to trade H1 timeframe cryptocurrencies as such assets are volatile and sometimes make extreme volatile.
But we have that price it's look bullish in H1 timeframe. That we can to use to track the market and know the situation what happen in this timeframe and how professional crypto trader use it to trade in the smart point.
In H4 we see that following the correlation with H1 timeframe, it's bullish, what we can to put a buy order limit between $1,597 USD to $1,601. We would to fix our Stop Loss in $1,534 USD and take profit to $1,780 USD on those point. But now, I suggested to put a buy order limit in $1,601 USD in this point.
Now, checking our Daily timeframe, we see that Ethereum look bullish in this side that we can to get this opportunity to long. That's a bullish market structure there.
If you like this analysis, I invite you to follow me and learn how to make trading in cryptocurrencies if you're like me that trade by Day Trading.
Good luck!!!
MANA/USD: bullish setup toward $0.94 MANA look very interesting to long this cryptocurrency. I decide to make an analysis to trade altcoins. As this it's one of the crypto example to long. I will put a buy order limit in $0.69 cents, Stop Loss fix in $0.6161 USD and take profit to $0.94 cents.
So guys, we hope that Daily candlestick closed up with a bullish signal in the price action to take best decision to long. If we see a bullish signal in the closed up of this Daily candlestick, we can to think that MANA it's going to strength the trend.
I hope that this analysis support you!!!
Good luck!!!
EUR/GBP: bullish signal to take in the smart resistance In this analysis, I decide to long EUR/GBP for now.
As first, I will share you some point of my technical analysis perspective to analyze better in this study.
First, I was analyzing in H4 timeframe that EUR/GPB look bullish and we could to forming a market trap and find up the key resistance in £0.8833 GBP. and maybe, this will be the smart point to sell in this point, buy now and then sell in the smart point where institutional could to lead the price and trying to cheat us. But if you see in H1 timeframe, we see as first signal that price action speak us to buy EUR/GBP. and RSI (my prefered indicator) show us that there're a strength that bulls could to reverse the price. And also, in H1 timeframe there're a possible formation of Shoulder Head Shoulder, in case that EUR/GBP don't break out the £0.8384 orthis gray zone, we could to continue drop then. But I believe that Euro will be bullish now.
And also, in Daily timeframe to recall, we see like a bullish hammer, what this mean a reversion of the trend in this zone, as the market structure still bearish that more later as I said, we can to short in the smar point.
For tomorrow we have an important event of the European Central Bank meeting what President lagarde will speak.
If you decide to trade long EUR/GBP. i buy right now in the market price around £0.8764 GBP, Stop Loss in £0.8727 (36 pips) GBP and take profit toward £0.8833 (70 pips)GBP. This will be a risk/benefit 1:2
Good luck!!!
USD/CAD: bearish perspective in USDin this analysis, we see a potential short position. It's doesn't unlike to happen a long position from the support in $1.3356 CAD to $1.3484 CAD. But I will be pending if in $1.3356 CAD will form a bullish signal by price action to take in note. But we see that USD/CAD in H1 timeframe it's ready to down, but I will pending also this support in $1.3356 CAD if trying to break out, but the perspective still bearish in USD. The resistance in $1.3443 CAD could be a great point to entry in short. As this par look bearish.
But right now, I will not to trade USD/CAD if we see that make resistance in $1.3443 CAD, we can to short there. And always using price action analysis.
Now, on this Wednesday, we have U.S. Retail Sales what we hope that become bearish in this news pauted to 9:30 am (U.S. Eastern Time).
So guys, we hope that this idea support you to take this trade sure!!! Just wait the perspective of my model
CAD/CHF: Long position by pull backIn this analysis ,we analyze Canadian Dollar/Swiss Franc and I see a potential long position that we can to get this long in CAD/CHF.
This it's our H4 analysis, and it's mean that made a pull back in H4 timeframe confirmed by this 2 bullish candlestick signal, a doji and a bullish hammer inverted. Both are bullish.
I buy right now, Stop loss in $0.6883 CHF and take profit in $0.6990 CHF
Good luck
***Tomorrow we have Canada Core CPI, that mean indicator of purchase consumer and it's used to measure inflation rate what are the sentiment of Canadian consumer into this economy.
USD/JPY: Shoulder Head ShoulderIn this update, I definitely closed up the short and keep away from this trade as we don't see any bearish signal, of course, we see a possible formation of Shoulder Head Shoulder and maybe, we would to hope that price action develop and make this break out to buy in the pull back following the blue arrow model. By the contrary, will be bearish following the red arrow model.
But, you will need to hope the next formation up.
Good luck!!!
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!!!
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!!!