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Marketpsycology

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!!!
Long
by harisonhbn9718
5
ETH/USD: bearish channelEthereum still into this bearish channel from July 2022 that I identify now in Daily timeframe, but now, we see another thing as we see like a pull back that we can to get a long opportunity in Ethereum price, but based in price action, it's speak us a possible bullish continuation until $1,430 USD. And also, we're into this range, what the price doesn't break down any lower low, and the price it's into this ascending triangle in formation, what we can to get this opportunity to long. Also, I will share the Bitcoin Daily analsyis that I don't see, as another thing it's that Bitcoin invalided all these resistance level and hit $18,500 USD approx. to make a pull back in this descending triangle, what this may be a bullish signal, but the difference here it's that Ethereum give us a early signal than Bitcoin what do, and this could be a long opportunity in Bitcoin price, but Bitcoin doesn't develop any bullish signal for now, what I share my opinion in my previous analysis below. But I will put a long position in Ethereum price in buy order place in $1,198 USD, Stop Loss in $1,135 USD and take profit to $1,420 USD by Daily perspective. But in H4 and H8 there's not any signal for both sentiment, but in Daily timeframe it's just speak me a change of trend that we can to get an opportunity there. Good luck!!!
COINBASE:ETHUSDLong
by harisonhbn9718
2
GBP/USD: Sell point in the order blockGreat Britain Pound/U.S. Dollar look an interesting trade that we can to take it. But, we can't to take decision fast as before, we need to take cautious to analyze the chart and how the movement will develop it. So, in this timeframe I'm watching 2 important levels: $1.2058 USD and $1.2080 USD to take a possible smart zone to sell Pound/Dollar. So, in case that GBP/USD overpass the level $1.2058 USD, we can to see a liquidation and market trap until the next level $1.2080 USD, what this mean that amateur trader may to take long position believing that this par will take long toward $1.2150 USD. But that will not the case, as this could be manipulation, liquidation and market trap created by institutional like big banks investing in Forex. Pound still bearish in the bearish channel formation what may to drop significantly. Good luck1!!
Short
by harisonhbn9718
2
AUD/CAD: UpdateAs I follow this trade from the past week. This it's the quickly update that I knew very well one thing. As before I said that AUD/CAD will climb, thing that happen when I told you in the past week, what as result, climb but I don't cached the opportunity. But analyzing from the H1 and H2 timeframe, we're in the correction that the market structure speak us that a bearish movement it's developing now!!! So, as I put a sell order place in the $0.9142 CAD. I'm bearish from this point and then, I hope that AUD/CAD continue down to $0.90 CAD. What for now I change and fix my target from this point. What this mean if AUD/CAD reach my target, I will get 137 pips in this trade. So, the entry doesn't like bad and definitely, that was a pretty good entry price. So, the only that I can to watching it's one thing that when analyzing the timeframe, it's very necessary to draw the order block in the smart zone to sell, that will help us to find up a perfect entry. This trade it's appear that was almost perfect. Also guys, what I draw in purple big circle, it's to recall in your trading style that this it's the starting of the bear market trap, as during my trading time, I see this pattern in a lot case of study that this it's the beginning of the bear market. And I hope that this case of study help you in your career.
Short
by harisonhbn9718
6
EUR/USD: short position by technical analysis explainedIn this quickly analysis, I see that Euro could to drop very easily to short EUR/USD. As today I read a good perspective from U.S. Dollar fundamental news. that come bullish. Now, I'm shorting in the market live in EUR/USD in $1.0321 USD. Stop Loss to $1.0384 USD and take profit $1.0190 USD. I see a bearish perspective in this par. This it's H4 timeframe and I share this screenshot as we see a potential to trade Euro to short position against U.S. Dollar. And also, I see in Daily timeframe a possible strong bearish setup that we're in the higher point to sell, but in case that this sell-off intensify, this could be an extraordinary opportunity to hold this position toward previously level like the parity 1:1. It's mean 1.000 USD So, if you want to read the fundamental news, go to USD.CAD below of this link to related idea and click on. Good luck!!!
Short
by harisonhbn9718
7
GBP/AUD: Double Bottom; pull backGreat Britain Pound/Australian Dollar forming an interesting Double Bottom here, and right now, the price it's making a pull back in this zone. Talking about the H1 timeframe, we see that GBP/CAD look into this bullish setup. I draw this diagonal up line that mark a psychological point that we couldto put a buy order place in the smart zone. For me, I'm very sure that GBP/CAD forming and ending this pull back confirmed to long position. I put my buy order place in $1.7024 CAD, Stop Loss to $1.6977 CAD and take profit to $1.7226 CAD, also I suggested when GBP/CAD in this way in the up trend, it's necessary to monitoring this trade if we see any rejection in the half of this way. Based in H4 timeframe, we're in the bullish setup right now and GBP/CAD can to reach this reaction zone in $1.7236 CAD approx that I mark using block orders to analyze it. So, that it's all for this analysis what I see. I hope that this idea support you and trade this opportunity in Forex market for this week.
Long
by harisonhbn9718
1
AUD/CAD: bullish rising wedgeAustralian Dollar/Canadian Dollar look very interesting to trade now, we can to put a buy order place here at $0.8934 CAD, Stop Loss to $0.8890 CAD. Now, I have 3 targets to discuss, what it's very important to monitoring how Forex market will behavior by fundamental analysis, because Canada has some news to still pending in this week, we have a lot news to read. Also I consider that in the target $0.9014 CAD could be a good zone to take a considered profit with 79 pips. But now, I see that my target i will put in $0.9040 CAD, this it's 106 pips. But now, to recall, it's very important to monitoring Forex market as this week has a lot to read and the angles will transform and change our analysis here. And also to take some perspective, in Daily timeframe we see a bearish rejection, indicating bought in this point to hold. So guys, in few hours, we see an event in Australia Interest Rate in less of 4 hours to start this event to now the interest rate decision by Reserve Bank of Australia that expect to raise 2.35%. I hope that this analysis support you!!! Good luck!!!
Long
by harisonhbn9718
6
EUR/USD: Movement by fundamental analysis!!!Fundamental Analysis: ***1) Germany, Europe's largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros ($64.49 billion) on shielding energy customers and businesses from soaring inflation, economists say. 2) The latest package brings to 95 billion euros the amount allocated to inflation-busting since the Ukraine war began in February. By contrast, the government spent 300 billion euros on propping up the economy over the two years of the pandemic. 3) European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows via a major pipeline, sending another shock wave through economies in the region still struggling to recover from the pandemic. 4) European Union governments are pushing through multi-billion euro packages to prevent utilities buckling under a liquidity squeeze and to protect households from soaring energy bills. 5) Europe has accused Russia of weaponising energy supplies in retaliation for Western sanctions imposed on Moscow over its invasion of Ukraine. Russia blames those sanctions for causing the gas supply problems, which were down to a pipeline fault 6) European stock indexes fell on Monday, the euro dropped below 99 cents for the first time in twenty years and European gas prices surged after Russia said its main gas supply pipeline to Europe would stay shut. 7) European gas prices jumped as much as 30% as the market opened, and Germany announced on Sunday around $65 billion of support to help protect Germans from rising costs. 8) Finland and Sweden also announced plans to offer liquidity guarantees to power companies. Finland's economic affairs minister warned of the possibility of "kind of a Lehman Brothers" in the energy industry, referring to the 2008 collapse. 9) The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending. 10) Germany's services sector contracted for a second month running in August as domestic demand came under pressure from soaring inflation and faltering confidence, a survey showed on Monday. 11) Euro zone business activity contracted for a second month in August as demand sank, with customers wary of the deepening cost of living crisis and gloomy economic outlook curtailing their purchases, a survey showed. ***12) The European Central Bank meets later this week, and is widely expected to raise interest rates given inflation is rapidly approaching double digits in the Eurozone and the policymakers have become worried about high prices becoming firmly entrenched. 13) The euro sank below $0.99 to a new 20-year low on Monday after Russia's halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. 14) ECB officials will be keen to see the euro, which has lost around 8% of its value in the past three months, stabilise. That will feed into the desire to try to tame inflation through tightening policy. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- So guys, what I found out it's that Germany Government make an investment of 65 billion (Euros) on shielding energy customers and businesses from soaring inflation and $95 billion (Euros) the amount allocated to inflation busting since the Ukraine began in February 2022. Another data show that Germany has spent over 300 billion (Euros) on propping up the economy over the past 2 years of the covid-19 pandemic. Now, European Union are pushing through the Multi-Billion plan packages to rescue and prevent utilities buckling under a liquidity squeeze and to protect household from soaring energy bills. At this point, we see a bullish side for Euro currency in this fundamental analysis what Germany (The largest economy in whole Europe) do and European Union to rescue the countries they to one shield energy customer and businesses from this inflation in the energy crisis. But in other hand, we see a bearish fundamental that EUROPE has accused to Russia of weaponing energy supplies in retaliation for western sanction imputed on Moscow, over its invasion of Ukraince, Russia blames those sanctions for causing the gas supply problems in whole Europe. ***European Central Bank will make a meeting about interest rate decision in this week on this Thursday and expect to raise 1.00%. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Now, talking about technical analysis, I'm bullish in based the bullish side that appear very optimistic for Euro currency. Now, we're in this bearish channel, and we formed a bullish divergence in the RSI and price action too. What we could to expect a possible long position from this side, what we can't to trade until we see a smart point to buy in $0.9920 USD or the break-out of this bearish channel, what it's better to be disciplined and patience until this trade develop, but has a bullish side. So guys, at the moment, I don't see a trade yet until hope our best buy zone. I hope that this perspective have your idea to long in Euro at favor by fundamental analysis. So, we know that Europe it's in the recession, but today it's appear good bullish side that we could to see in the Europe largest economy that it's Germany and European Union. And also on Thursday the European Central Bank will make an interest rates decision and expect to raise 1% in this week. So guys, in this week, there're a lot to read in United Kingdom that we have a new Prime Minister that I'm very interesting to analyze some Sterling Pound and know my perspective why I' see a dark future in it. I will keep update this par!!!
Long
by harisonhbn9718
GBP/AUD: Bullish Hide DivergenceIn this analysis, Great Britain Pound/Australian Dollar could to show us another opportunity to take in our hand, we see a potential long position with my perspective. 1. Daily Timeframe: As your see, we're in the possible bulish channel perspective that in theory, it's mean any possible bought in this zone to go higher until some points, but based in my experience, I know it how this chartist pattern work as we could to see that Pound could to strengthen in front of Aussie. But we see from this Daily a neutral market with some of bullish perspective to take in note in short term movement. 2. H4 Timeframe: But now, in H1 I will consider that our latest smart point it's in the yellow zone that I mark in this confluence and reaction that price could to do it. In H4, we see a hidden bullish divergence in the RSI and price action, where RSI make lower high an pricea action make lower low, this it's look a possible change of trend that we would to take note in our analysis and apply it. But I believe that we're in the good zone to put a buy order limit more below in he smart point to cached this trade. "As we see in Euro/Australian Dollar that I'm cached 257 pips in earnings in this week". What I will put a buy order place to $1.6927 AUD and SL to $1.6881 AUD and my objective will be $1.7115 AUD. This look a potential trade to catch this opportunity and buy in the smart zone So guys, if you foudn out that this idea look interesting, please share this analysis with your friends or trader that might to have a trading plan in GBP/AUD.
Long
by harisonhbn9718
4
AUD/JPY: Bought opportunityAustralian Dollar/Yen Japanese forming an interesting bullish setup, what we could to find up bought in Aussie. So, I see a smart zone between $95.00 JPY and $94.85 JPY, i put my buy order place exactly at $94.90 JPY, Stop Loss to $94.55 JPY, and take profit to $96.00 JPY. Also to take in note, we could to forming a possible new harmonic pattern in formation, what we could to get benefit during this dormation. So, in H4 Aussie still strong in front of Yen. So guys, Aussie look very secure to trade to long, i hope that this idea support you!!! Good luck!!!
Long
by harisonhbn9718
3
USD/JPY: Bullish continuation with some perspectiveU.S. Dollar/Yen Japanese look bullish by fundamental news what Federal Reserve do in the economy. But first, I will talk about this trade, I made an entry in the morning when I see this bullish evolving pattern, but yes, I had a sell order limit that was hope to being activate, but I change my mindset and my focus what I see. I believe that USD/JPY could to forming a possible mini consolidation like consolidation with bullish perspective Now, I keep this analysis in my mind as I see the following movement, the Dollar could to reach until $139.37 JPY, but this it's look like a possible market trap in this zone to update, what if we're in long, we would to be prepared in case that this zone become a manipulation zone to take in note how this movement work in Forex market. As I made an entry around $138.46 JPY and if we take profit to $139.37 JPY, So, we could to get until 90 pips approx. that this will be an earning of 7.23% in this trade. But I'm watching with very carefully like tomorrow as this could be the high point to put in short and waiting any bearish signa from this point. But now, by the contrary, I continue bullish by fundamental news in U.S. Dollar. Now I have fixed my target to $140.00 JPY, with some perspective to watch the key resistance at $139.37 JPY. But I'm in long, in case that if we break-out this resistance with a strong bullish candlestick, we wouldn't to concern any bearish signal. But at the moment, I'm in profit with 32 pips in profit for now. What happen in the U.S. Dollar about fundamental news: 1) Federal Reserve continue hiking interest rates as Powell told 2) Edward Moya believe that if Americans have options to get employed, the Fed can ignore the rapid deterioration with the other economic releases." 3) ***Other data showed a bigger-than-expected rebound in U.S. consumer confidence in August after three straight monthly declines, which is potentially a positive signal for consumer spending. 4) ***The number of job openings in the U.S. unexpectedly rose slightly in July, hovering under a record high reached earlier this year, in a sign that labor market demand in the world's largest economy remains robust despite aggressive Federal Reserve interest rate hikes. 5) US consumer confidence rose by more than forecast in August to the highest since May, suggesting that Americans are growing more optimistic about the economy amid falling gas prices. 6) The Conference Board’s index increased to 103.2 from a downwardly revised 95.3 reading in July, the first increase in four months, data Tuesday showed. The median forecast in a Bloomberg survey of economists called for a rise to 98. 7) Today, we have the result of 2 event today in our economic calendar, what U.S. Consumer Confidence raise 103.2%, indicating optimistic what consumer spend, that look bullish sentiment. And 11.23 million open new jobs in US, indicating strong labor market in US. So, this it's my 7 points to take in note based why I'm bullish by fundamental news in USD. ***Also, it's appear that European Central Bank want to tightening the interest rates in Eurozone what I read recently in blogs, that this it's another point to view that Europe could to identify their economy I hope that this idea and fundamental analysis support you!!! Goodl luck!!!
Long
by harisonhbn9718
3
CAD/CHF: Possible opportunity to longCanadian Dollar/Swiss Franc it's one of my analysis that I check out and I was in short, but I loss this trade in the first as I analyzed with my iphone and my iphone I suppose that I can't to analyze it than using a computer or laptop, a better way to see full the chart. Ok, now, so, I believe that Canadian Dollar look strengthen in the trend, what we could to hope that CAD down a little like 40 pips and find bought in the smart zone like $0.7406 CHF, And this bullish movement could to up to $0.7500 CHF. i calculate that this will be an opportunity of 97 pips approx. to find up bought This it's the H1 and I identify a bullish divergence in the RSI, what in this part I was liquidated. But now, I understand that bullish divergence mean change of trend. Now, we expect this opportunity to long Meanwhile, in Daily timeframe it's look that made this break-out of this bearish channel, what bulls are interested to buy. I hope that this analysis support you. i wil keep update when CAD/CHF raise at least $0.7406 CHF, i suggested to put an alarm at this price when hit down.
Long
by harisonhbn9718
USD/JPY: UpdateAfter that U.S. Dollar was bearish, drop by U.S. New Homes Sales, what we could to see a drop during this hour until Dollar find a support that I believe in $135.34 JPY in H4 timeframe. So, I'm shorting Dollar from $136.78 JPY. Stop Loss to $137.26 JPY and target to $135.50 JPY ***The price action it's a key to understood, in case that U.S. Dollar closed up with any bullish signal, I will definitely closed up this short. But I hope a drop follwing the market structure in H4.
Short
by harisonhbn9718
10
CAD/JPY: ReviewAfter that I entry to long in Canadian Dollar/Yen Japanese, the price decline the bull continuation and drop strong 1.53% approximately. And I loss this trade -45 pips or -3.87%. But I believe that as CAD/JPY move and forming this bearish engulfing what show up after that I put a long position Based in H4, still bearish as I mentioned in the past analysis, but we could to forming a possible Shoulder Head Shoulder perspective. So, as i got 20.56% and less 3.87% = 16.63% in profit. But I would need to work this par.
Long
by harisonhbn9718
USD/CAD: Possible triple top ; updateU.S. Dollar/Canadian Dollar forming a possible triple top in formation that we could to take advantage to short, unfortunately, the price doesn't climb as I expect and maybe the price acton it's speaking that there're a weak in the price of bull and bear. We're in the descending channel, and this pull back it's look manipulated and false to climb, I'm shorting USD/CAD now in the $1.2851 CAD, SL to $1.2896 CAD, and my target to $1.2745 CAD. H4 timeframe look bearish and very weak in the price action, what we could to see a bearish movement in USD. I hope that this idea support you!!! Good luck!!!
Short
by harisonhbn9718
1
AUD/USD: Shoulder Head Shoulder Australian Dollar/U.S. Dollar formed a Shoulder Head Shoulder inverted in the downside. What we could to see a long position now against Dollar. Ok, in my past ananlysis I said that Aussie will drop, yes drop but made a manipulation in the zone that I was in some pips in profit and make rejection, what we could to see an opportunity to long AUD. Right now, we're still in the opportunity to long AUD/USD. I will put a buy order limit to $0.6973 USD, SL to $0.6955 USD, and take profit to $0.7014 USD. i wil entry with 2x my leverage, what if I earn and get 42 pips, this could be a huge earn of 84 pips, because 42 pips x 2x = 84 pips. I make this becuase I'm very secure in this way that AUD still up in front of USD and the trend it's look that change today. I hope that this idea support you. The analysis to short AUD will be cancelled and closed up manually, because I don't see very optimistic the past trade.
Long
by harisonhbn9718
1
Ethereum could to ending this ABC correction patternEthereum could to ending this ABC correction pattern in weekly timeframe what we look an interesting point to view that in based what will be the reaction of Forex market for the next weeks, I can to take a good plan to change my mindset and look possible bought in the new bull rally, but there're some point that we would need to confirm. 1) Fundamental Analysis 2) Technical Analysis 3) Look the sights by medium to long term in based of these first 2 points. Well, I share this screenshot in weekly analysis that we formed an ABCD correction pattern and we have the same measurement using Fibonacci for harmonic. So, in based of the ABC correction pattern, we could to se a new bull rally soon. But, this rally we need to support by negative news in the global economy, with more correlated with U.S. Dollar, look the interest rates, Gross Domestic Product and more macroeconomic data to confirm it that Ethereum it's in the good point to bought. By the contrary, we could to invalided this pattern and in case of more crash, so, we don't ending the bear market. We're in the bear market yet, but using some point mentioned above, you can to take better decision to invest in crypto or stocks. Now, I look that in monthly timeframe, we closed up pretty positive to consider a bought, but I'm interesting to trade and check-out the short timeframe like Daily if we could to see a opportunity to trade Ethereum to long. I hope that this analysis support you!!!
COINBASE:ETHUSDLong
by harisonhbn9718
1
USD/JPY:- Bullish butterflyUSD/JPY doesnt for.ed a drop that I hope. What it's mena in this update that USDJPY for.ed a bullish butterfly harmonic ic pattern here. I closed up my short and put in Long in Usdjpy. Around $136.66 JPY. Stop Loss to $136.11 JPY and target to $137.66 JPY. I will update this par when I go back to my home in the afternoon. Because the price action show me a diferente perspective that could to occur in the Usd Please entry in Long now and follow my SL and take profit. We dee a bullish butterfly harmonic pattern.
Long
by harisonhbn9718
1
USD/JPY: bearish channel flagU.S. Dollar/Yen Japanese forming a bearish channel flag, what we could to look a short opportunity in USD/JPY in H2 timeframe. Analyzing the price action, the trend it's move the Dollar to the downside. Also on Wednesday, we hope a fundamental news that Federal Reserve reduce the hike interest rate to 0.75% and cooling down the inflation. Also, this will be transitory this bearish side, because that put in good point that Dollar still in the strong in front of currencies and assets, what make a bull cycle in the Dollar. So, but now, I see a short position. I add a sell order limit to $136.55 JPY. Stop Loss to $137.01 JPY and target to $134.90 JPY. This it's the H4 timeframe because we broke-down the up trend line and right now, there's an indication to sell USD/JPY I hope that this idea support you!!!
Short
by harisonhbn9718
3