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!!!
Bullishsetup
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
I am rooting for you!
Your FX Plug
CAD/CHF: bullish envolving patternI this update as I do in the comment box in CAD/CHF where I was shorting. My bearish movement was a good expectative, but price action show us a bullish envolving pattern that you must to be carefully, because in that point we're in the market reversal.
Also, I want to share in H4 that we're in the bearish channel, and also we forming like a descending line that in any moment as we see a bullish signal, we could to break-up this market structure in this par, and this it's look very interesting to trade in long position.
This it's the descending line that we could to see better in this zoom up.
So, at the moment, I'm in long position from this morning that I update my position in the comment box in CAD/CHF where I was shorting very good and at least I get 2.60% in profit in this trade with 27 pips in profit. But not bad, but I see that CAD can to strength now.
Technically, we see 2 point to be pending in $0.7558 CHF and $0.7390 CHF. My Stop Loss it's around $0.7269 CHF and take profit until $0.7390 CHF.
Good luck!!!
NZDCAD Long Trade SetupA bullish opportunity recently presented itself on the kiwi-loonie trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.79100 psychological level. A stop loss below the 0.79000 psychological level and a profit target anywhere between your entry and the swing high of 0.82534 could give you a reward-to-risk ratio as high as 7 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:NZDCAD
Rooting for you!
Your FX Plug
USD/JPY: Where to bought!!!In this analysis, I make an analysis in USD/JPY that I believe that in based the technical analysis. I'm still bullish in USD/JPY. What we could to find down a good level to bought like $141.76 JPY, and also if in case that make this break-out of this higher lower. What it's important to hope the next opportunity and not trade yet.
Also I want to share in H4 timeframe that we're in the 0.382% fibonacci.
Also, I study a lot this par and become the most volatile par in Forex market, what sometimes we would to develop a tolerance in this par and analyze very well to develop a successful strategy. I'm still bullish in USD.
***Tomorrow will be the U.S. Consumer Price Index, and this report it's where investor hope to know this data to trade widely.
Fundamental Analysis in U.S Dollar:
1. Dollar fell to it's lowest level in about two weeks agains a basket of currencies on Monday following recent strong gains.
2. Investor sentiment grew up into the nervous ahead of U.S inflation data as FED appeared to increase interest rates. This data show a concerned in the U.S. economy into the risk to curb like a reccesion.
***3. The U.S. Consumer Price Index report will due tomorrow to know and get clues on how aggressive the FED may need to be in hiking interest rates next week to fight high inflation in America.
4. Joe Manimbo, senior market analyst at Convera, He believe it's been a break in the dollar relentless rise, waht behind that its an improved risk sentiment.
5. U.S. Consumer Price growth is expected to decelerate slightly in August with analyst citing a moderation in soaring energy that previously contributed to driving inflation very high since 40 years ago never see in America economy
Keep update!!!
GBPUSD Long Trade SetupA bullish opportunity recently presented itself on the pound-dollar trading chart. This follows from the bullish harami candlestick pattern which printed just above the 1.14000 psychological level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 1.22956 could give you a reward-to-risk ratio as high as 5 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
Rooting for you!
Your FX Plug
FX:GBPUSD
I expect a major crash in Cardano priceCardano still in this consolidation since May 2022. But, this it's not an accumulation zone, I see that bulls are trying to fight, but bears are taking control into this downtrend. And remember that FED it's very crazy to tight the interest rates and value of U.S. Dollar, what we expect a major crash in ADA.
So, I look first that this it's a re-distribution zone where we're in the bear market, and sometimes this look like the end of the bear market. But to know when the bear market ending, it's very necessary to have in mind the macroeconomic and microeconomic aspect to know what happen in the global economy. During the years I found out that cryptocurrencies make their movement what Forex market do, and sometimes as crypto-trader we could to take advantage reading everyday Forex market to take a perspective to trade cryptocurrency very well and choose some pars to trade. But I'm very interesting to learn about this correlation that crypto and forex show.
But talking about in weekly timeframe, I expect a crash that could to carry the price to $0.23 cents approx. Also I'm note that Cardano forming a symmetric triangle in Daily timeframe that it's look very interesting to check out.
I'm still bearish in weekly timeframe!!!
Ethereum forming a bearish channel explainedEthereum look in the exact point and very interesting to short and put a sell order place.
I like to trade cryptocurrencies in H4 timeframe or above, but based in Daily focus.
So, Ethereum formed a bearish evolving pattern, what we could to see that this will be the new higher low of the previously them. And a formation of bearish rising wedge, Ethereum could to explode this movement to the downside very soon. What I will put a sell order place to $1,600 USD, Stop Loss to $1,722 USD and take profit to $1,356 USD. So, this it's a risk/benefit of 1:2. It's a good proportion to short Ethereum from this point.
So guys, if you're interested to short cryptocurrencies, I suggested you to be very focus in Forex market first as Forex market make movement very correlated with financial market, cryptocurrencies it's an attractive world if you know how to trade crypto-assets and become a trader in cryptocurrencies could to help you if you combine your talent with Forex market and take this understanding how this market work in correlation with Forex.
I hope that this idea support you!!!
For me, Forex it's an easy market to trade, if I can to trade Forex, I must to trade cryptocurrencies. Trading it's a lot practice than theory, guys.!!!
GBP/USD: Review!!!I traded GBP/USD in my first short position. And also, I made a very good entry in the smart point. And I was in profit with 173 pips. But now, GBP/USD WAS INTO THIS Bullish channel flag that I look, and break out very good, but I don't closed up in the grant bullish evolving pattern, what I closed up my short in $1.1536 USD, and my short entry price was $1.1574 UD. What in this short trade I get 43 pips in profit, equal of 4.33% in profit. Also to comment, when I closed up this short trade, I had a long perspective that GBP/USD could to up, what my prediction was very good, but never the price goes my my buy pending place in $1.1490 USD, but my direction was very good, what if I get this trade and touch my buy order place. So, my profit will be 121 pips or 12.10% in this trade. But after that GBP/USD continue climb up, so I cancelled this trade as never goes to my pending order.
But well, the only profit that I get was in my short trade, also I was very good in this trade in short, what GBP/USD was so near to take my profit for only 33 pips more down. But the only that I want to work a better it's when I see a bullish evolving, the same for the bearish trend when we see a bearish evolving, its time to take decision to closed up and keep away of this trade when price action speak me that there're a change of trend in the price fluctuation. But, well, not bad, and also my both analysis in short and long was very good in GBP/USD. And for long position, when I take this place, so I don't see any negative comment in me, but so it's very normal that somtimes the price continue up without activate the pending order at favor of the trend.
So, as my monthly ROI was in 11.33% and sum only 4.33% in profit. So my account grow to 15.66% in profit during this month on September.
Now, if I decide to trade GBP/USD, we could to see a formation of Shoulder Head Shoulder inverted, what the next movement could be bearish in GBP/USD to look a strong resistance in a key point to watch