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!!!
Bullishsetup
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!!!
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!!!
EUR/CHF: bullish setupIn this analysis, Euro/Swiss Franc look bullish side that we can to entry to long position. I personally put my buy order limit to $0.9892 CHF, Stop Loss to $0.9867 CHF. And target profit fix to $0.9952 CHF.
In H4 timeframe, we see that EUR/CHF break-out this bullish rising wedge and the price it's move to the upside, what it's a nice opportunity to find up pips in this week.
Good luck!!!
Bitcoin: Review!!!As this analysis was a total very fell analyzing by my iphone. I loss in this trade 2.13%. What I was very clear that Bitcoin has the bullish perspective, and entry so high to long when the price forming this bearish channel in H2 timeframe. What this trade was completely fell.
There'e not a lot word to say, but I suppose to use my computer to analyzing it very well than my iphone to work in it!!!
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.
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.
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!!!
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!!!
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!!!
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!!!
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!!!
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!!!
ETH/USD: Waiting for long positionIn this continuation of Daily analysis, we analyze the H4 timeframe, but I would like to hope the next formation of the next bullish signal in the price action. But right now, Ethereum made this break-out of this bearish channel flag to the upside, but sometimes those consolidation could be a bullish opportunity to watch in Daily chart based in my own analysis.
So guys, it's a strategy that I ever know very good to trade in whatever in financial markets.
I hope that this idea support you.
Please go the link to related idea to my previously analysis of them.
ETH/USD: Potential long position to $1,500 USDIn Daily timeframe, Ethereum look that the price it's into this consolidation, but I see in the candlestick analysis that the price forming a series of bullish pattern, and most recently the bullish hammer with a large wick of bullish rejection, indicating that bulls are interesting to lead the price to the upside.
So, our next target to trade will be like $1,500 USD as maximum to watch and study where's our support and resistance key in this chart.
So guys, I hope that this analsyis support you if you want to trade Ethereum.
Good luck!!!
I will check in H4 timeframe to know and make another analysis.
USD/J[Y: Bought in the smart zoneU.S. Dollar/Yen Japanese look into this opportunity. So, there're a lot potential that U.S. Dollar continue strength in front of Yen Japanese and other par.
Analyzing in H4 timeframe, Dollar still up and the last analysis, I said that a good zone could be like this. But this it's a pull back, not a bearish signal, also we would have to short Dollar in the past hour, but for me, I don't like when Dollar still in the strong uptrend. Also, another data look very optimistic in the Consumer Price Index that rose 0.6% in forecast of 3%, indicating optimistic in USD, and at favor by American consumer that this survey and economic data work to measure the consumer trend in front of inflation.
In 30 minutes look in the strong bullish envolving, what I believe that in H1 timeframe could be bullish. So, I put a buy order now in $143.26 JPY, Stop Loss to $142.52 JPY and take profit to $145.00 JPY, We see a risk/benefit 1:2. With a lot chance that Dollar continue strenght in this pull back now.
Good luck!!!
Tomorrow we have important news:
1) U.S. Core Retail Sales ***
2) U.S. Initial Jobless Claims ***
3) Philadelphia FED Manufacturing Index
4) Retail Sales
BTC - If You're Short, Abort!Analysis:
- Support & Resistance
- Supply & Demand
- Trend Line Analysis
T1: Target 1
T2: Target 2
T3: Target 3
$: Bias Change / Bull Run Begins
D: Demand Zone / Bottom / End of Correction
Opinion:
We will have a bull run going into Q4 and early next year
accumulate accumulate accumulate
AXISBANK- 240 MINS TIMEFRAMEHi there,
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
JP ASSOCIATES WEEKLY TIME FRAME#JP ASSOCIATES....
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
NZDJPY Long Trade SetupA bullish opportunity recently presented itself on the kiwi-yen trading chart (My profit target was triggered when I took the other side of the trade {sell/short/bearish} in the recent past). This follows from the bullish harami candlestick pattern which printed on the 82.112 support level but closed above the same level, indicating a false breakout (fakeout) of the level. A stop loss below the 81.000 psychological level and a profit target anywhere between your entry and the swing high of 87.885 could give you a reward-to-risk ratio as high as 3 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
FX:NZDJPY
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