GBPUSD Potential Buy intermediate tradeI have an open buy position on this pair @1.31932. Looking to see price action and market structure to take effect here soon. We have been dropping for the past few weeks steadily but in recent days market structure has begun to be non existent. My take profit for this trade is 1.35 but ill be taking partials along the way up. This pair is long term bearish to me until we can trade above a higher timeframe lower high. If you made it this far, please give this post a like and subscribe for more of my analysis and opinions on the market. If not, have a great day/night and everything in between
Chartstudy
banknifty weekly analysisbanknifty is showing some weakness and also i analyse previous data it is moving in parabolic
also it is showing bearish divergennce on weekly timeframe iam not talking abot crash or something
iam just saying that it need some rest or retracement but it may be about 3000 points yeah it just a predictable no but it is
taken from historic data as in chart you can see price is moved up from the previous high but rsi is showing divergence and today it showed us pin bar
in weekly timeframe so ithink it is a right time time to book some profits and wait for correction and buy again this is my analysis and prediction as it is a market no one can right every time but be carefull
also you can do your own analysis and comment in please it just motivates me
BUY | CHFJPY | PROFITAt 30.06.2020 i decided to long CHFJPY (Long Term) i noticed that after the weak SELL which started at 8th of June that lasted till the 22nd of June was not going to hold, and bounced back off and continued the BUY trend which started at 20th of May. In this matter i basically hopped on a continuation trade.
My entry information:
Entry level: 113.965
S/L: 112.724
T/P: 114.792
MBIO on its Next Breakout: $4.02 Price TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, here is my analysis. Previous wave correlations point that MBIO is on the next wave of a breakout as the previous waves. Many analyst are ranking it a strong buy, and I even decided to replace my ALGN position (which I still believe in) in higher favor of a MBIO position for faster growth during same said time period. They are about to experience a surge in demand in the industry sector they are in, and the target is based off correlations of previous waves and resistance curves. This is another strong trade potential.
AUDUSD could possibly give one more push.On the daily there are strong bullish candles moving to the upside on the daily chart. So those price pushes are showing me that it could possibly make its way to the upside and to give us one more push before turning over.
the 4hr is showing a very strong trend from last week, it might just continue to the upside, but of course will be waiting for a pullback. Even those from last week the market have been having pretty strong and deep pullback at the 61.8 and the 70% Fibonacci, I wouldn't be moved if it has a deep pullback for the next push to make it to the upside. Waiting for price to come into range between the 0.68569 - 0.68694. And wait for price to come retest that trend line and make that push. if not we will have to wait or readjust .
1hr is showing the same from the 4hr. Price came into a structure area at 0.68205, and broke out of structure as price sits on top of structure, the 1hr is showing nice support, 2 pushes while the 3rd push is still going, waiting for the pullback and pushes off to the upside.
Let's see how this plays out.
Will AU CONTINUE IN THE OVERALL BEARISH DIRECTION? Let's See.Looking at the overall projection, Will we see AUDUSD continue to go through a bearish market? Even the those the bull had spiked up during Asian session, will we see a chance for the bears to over take the bulls? or Will we let this cycle continue to play out for AU? or would we see a turnover market happen before the end of this year? The best way is to let it develop for the rest of the week and let it come into play.
I do believe with AU having such a big down market for this year, I believe it will continue the cycle before it turnover. As you can see that on the 1hr there is the resistance level that price haven't broken yet. but I'm waiting to see what the market has to do and waiting for it to develop of course. But then once again we don't know what the market may do.
Let's wait and see.
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BTC 6-7k I am no expert. I do this ONLY for fun. Accept this with a “grain of salt
A long wick tested the price area of $6500. From what I understand, someone with “huge pockets” can only move a market in this fashion. Whoever it may be, is testing the demand level of $6500. When will it happen? I don’t know. Just a theory for now.
Also, if you are familiar with the concept of Elliot wave theory, we’ve completed a full cycle, so I’d imagine we’re still in correction. Just a theory for now.
Again, this is just speculation. As you can see previously, I been inaccurate in my previous assessments.
Goodluck
SillY SiL
Is it working like thatHi guys,
It's my first post and probably the last one if what i'm think is completely wrong but I've started trading like 4 month ago , and this afternoon i was playing with the trend lines on a BTCUSDT chart , and after drawing few ones, something seems to appear to me that i haven't realized until now.
is there some experienced trader that could confirm or invalidate the way i view this.
Maybe i'm not using the good terms, as the idea have only surge from my head after drawing few lines, but I think you will understand what i am trying to say here.
Sorry if i'm wrong spelling something as English is not my primary language
Peace