XRP LONGDAILY: First up we are still bullsh, price is above the 200ema which has shown strong rejection. Long term resistance turned support has been honored with several rejections. We have also seen the MACD cross with bullish volume presenting itself.
4HR: 200ema rejections forming nice support. Price has really tested and struggled to break through support. RSI is above the midline, which could indicate sentiment reversal.
1HR: Is currently claiming minor higher higher combined with higher lows, we want to wait until price hits 1.1015, if price breaks this resistance level we want to look for a retest to enter, then a continuation to the upside p [otentiaslly all the way to previous structure highs of 1.5981.
Let me know your thoughts on this one, are you bullish or bearish on XRP?
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EURAUD top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you think about this pair.
GBP/USD Trade Possible Trade opportunity on GBP/USD
Reasoning
A pennent formed and broke upwards , reversing the previous downwards cycle
Price bounced 3 different times on the trendline I've drawn
As price continues to move upwards, the momentum will continue
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USD/CHF Short SellFX:USDCHF
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Thoughts and Reasoning Behind Price Movement Are Listed Below
Technical analysis of the USDCHF pair
Larger Trend analysis on the larger timeframes suggests
there will be a continuation of the prevailing downtrend
The pair is lining up well with Elliot confirmation principles
Trader sentiment on all timeframes above 30 mins suggests a strong sell
providing further confirmation.
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How To Avoid The Market Makers Stop Hunt Movement As part of the daily movement in the forex market is the stop hunting done by the market makers. They don't mean to hunt the normal and small trader at all, they are targeting the big investors and hedge funds you just happen to be in the wrong place at the wrong time.
As shown in No.1 this huge wick is an obvious stop hunt movement in this case the market makers are hunting the ones entered in the middle or at the end of the uptrend. Lesson learned here
"NEVER ENTER A TRADE IN THE MIDDLE OF A TREND ALWAYS WAIT FOR A RE-TRACEMENT"
In NO.2 after the price gave a good bearish signal ( hanging man candlestick ) it made a a shooting star candle with huge wick to hunt the stop losses. in this case lesson learned here
" WHEN YOU ENTER A TRADE WITH PRICE ACTION MAKE SURE TO PUT YOUR STOP LOSS ABOVE/BELOW IT WITH AT LEAST 20 - 30 PIPS"
In NO.3 when you trade you will see this low (blue line) broken so you would assume that it will continue to the downside and after you enter a sell trade NO.3 will occur. Lesson learned here is "DON'T ENTER AT THE END OF A SMALL TREND AND USE A GOOD BREAK SIGNAL"
And a last tip " TRY TO THINK AS A MARKET MAKER AND ANTICIPATE THE AREAS THEY WOULD HIT AND PUT YOUR STOP LOSS ABOVE/BELOW IT BY 20-30 PIP"
NZD/CHF strong sell opportunityhi traders you can see the market trend is down and 5 times touch the trend line and break a strong support gone then market create a bullish flag and market again touch the strong trend line and support become resistance gone,,so that is clear, when market break the bullish flag and retest then market again going to downside. Good luck traders.
Thank you so much.
EUR/GBP strong sell opportunityHey guys you can see in this trend line market 7 time touch and go to downside and market again going to touch the trend line and a strong resistance gone..so finally when market create a good candlestick pattern or chart pattern, then you will enter for sell...good luck traders.
Thank you so much.
AUD JPY Strong Sell opportunity,,risk reward 1:5Hey guys How are you? ..Market touch weakly resistance gone aria and Guys you can see aud/jpy market create a double top pattern and triangle pattern..finally market break triangle pattern and again market create retest strong gone area...so you can enter this area and our risk reward 1:5. Good luck traders.
Thank you so much..
EURAUD Just has broken weekly supportEURAUD is just below weekly support and a high probability sell trade opportunity.
Sell Limit @ 1.53904
Stop loss @ 1.54512
Take profit @1.52648
R/R= 1: 2
Disclaimer: Please note this is not any kind of investment advice and conduct your own analysis before taking any trade based on this