EUR/CAD: Break out structureIn this update, in the recently hours, The Euro break-out this downtrend line that we formed during this week to the downside. Also, I had my target toward $1.3400 USD shorting EUR/CAD. But now, I see a long position in this par. Also, we would need to watch 2 level to take profit: $1.3584 CAD and $1.3635 CAD.
But, I want to be a little more conservative choose my own target to $1.3610 CAD. Also, I suggested to still alert in the next hours from Monday in the next week because we could to forming any ABCD pattern before to continue down. Because we could to get pips of this opportunity in this trade
That it's all my update for you. My short position will be cancelled and closed up manually with almost 38 pips earned in this trade.
Good luck in this long position!!!
Psycology
EUR/CAD: Short PositionEuro/Canadian Dollar show us a good short position in this Forex par and we see a good perspective in this trade. The price make confluence in the 0.382% Fibonacci level and we see that price show us a bearish candlestick pattern here, this it's a bearish envolving pattern.
The H4 still bearish in this trend and I hope that EUR/CAD continue down. I see that this opportunity could be a great to find down 115 pips.
I hope that this idea support you!!!
EUR/USD: 0.382% Fibonacci entry priceEuro/U.S. Dollar continue in this bullish trend in H2 timeframe and I see that the price make a lower high in this uptrend formed in H4 timeframe what we could to find up long position in this trade and find up between 80-90 pips as target
We could to open this trade tomorrow at 5:00 p.m. U.S. Eastern Time, but put a buy order place at $1.0721 USD and SL to $1.0689 USD (31 pips) and target between $1.0808 USD-$1.0818 USD (80-90 pips) in take profit
I hope that this analysis support you, I will udpate this par when open tomorrow at 5:00 p.m. U.S. Eastern Time
USD/CAD: break-out of this structure; updateU.S. Dollar/Canadian Dollar still bullish, I don't going to closed up any position to long only in this par. But right now, we see a break out of this bullish rising wedge in H4 timeframe with a strong bullish candlestick pattern what I entry around $1.2792 CAD.
This it's my yersterday analysis of this trade as we see that we formed like a inverse bullish rising wedge in H1 timeframe and the bullish envolving pattern that I saw it.
At least, I keep this position until $1.2966 CAD. This it's a great opportunity in Forex market to find pips in this week
Good luck!!!
Ethereum Overview: Crash to $1,695 USDEthereum price drag the level of $2,000 USD and we could to see a possible bear market extend to watch these level in support!!!
For example: This it's the Daily chart and Ethereum price still bearish. I suppose a big crash that could to reach to $1,342 USD our next level to watch now!!!
So guys, if you planning to short Ethereum, you can to do it, but I surely I'm bearish in Ethereum price to $1,342 USD.
So, in this timeframe I use Fibonacci and I suppose that Ethereum could to reach around $1,695 USD to watch this stop of the market in this drop incoming. But more deep, I hope a crash to $1,342 USD.
So guys, don't long Ethereum, keep you bearish in cryptocurrencies.
U.S. WTI Oil: bullish trend to $128 USDThe Oil continue pumping in H4 timeframe. As I have a trade from $109.94 USD to long position in H4 timeframe. I believe that in short term, Oil will reach $128 USD/barrel.
I keep long in this commodity, my SL still around $107 USD. But I'm bullish in Oil.
Meanwhile, I have some bad news about that Europe wan't to ban Russian Oil and U.S. add more sanction the Venezuelan Oil. For that, I suggested to stay alert if we see any rejection in the price, because another possibility it's a short position if the price lead by fundamental analysis, but at the moment, there're not any bearish signal, for that, I'm bullish in this commodity by the demand. But in case of short, the Oil nee to break down this trend line that I mark in H4, you can better here in H1 timeframe.
But as I'm bullish, I will keep this posiiton toward $128 USD. And my another long position toward $145 USD. What we could to have a good trade to found out.
I hope that this analysis support you. I will share yo my two previsouly analysis of Oil and also, of this update trade you can to click on where mean long to $116 USD. That this it's my new update here!!!
Good luck!!!
ADA/USD: Reaction in the 0.618% FibonacciIn this analsysi and update, I'm still shorting Cardano from May, 15, 2022 around $0.59 cents. So, I see that the price make confluence in the 0.618% fibonacci Golden zone and this it's a good opportunity to place a sell market price now. You can to put the SL to $0.63 cents. I'm shorting Cardano from $0.58 cents approximately. My SL it's around $0.63 cents.
In Daily chart, the yesterday candlestick closed up with a bearish signal. Maybe, I suppose that Cardano could to continue very neutral in the reaction of what Bitcoin do and everything depending how the U.S. Dollar behaves in the financial market.
That it's all to share you!!!
But I hope that Cardano goes to $0.30 cents approximately. This it's my target to hit!!!
USD/JPY: EMA 200 make resistancU.S. Dollar/Yen Japanese it's look bearish from this side. So, we see that it's moving into this bearish channel flag and MACD doesn't have enough strengthen to continue up in H1 timeframe
Meawhile, in H4 we see that we're into this bearish channel in formation as we see this bearish channel flag, we're in the key point to sell
Also, I read that U.S. Dollar fell today in some pars as an uptick in investors' appetite for riskier bets diminished the U.S. currency's appeal. Also, another fundamental analysis that I read recently it's that United Sates considering to block Russia ability to pay its U.S. bondholders that expire next week and this could be another bad expectative that I see in this rumor.
So guys, I'm shorting USD/JPY at $129.48 JPY and my target will be $127.40 JPY (207 pips) and SL to $129.98 JPY (50 pips)
I hope that this idea and analysis support you!!!
Good luck!!!
EUR/JPY: bullish momentum to the upsideEuro/Yen Japanese it's look bullish in this side. Right now, we see that EUR/JPY made this break-out of this little symetrical triangle and then, we would need to hope a possible pull back at $134.28 JPY what it's recommend to add an alarm in that price $134.28 JPY to being informed when price hit the alarm. So, from this perspective I see a long position.
This it's the H4 timeframe and we see a long position what EUR/JPY could to make reaction to $135.78 JPY
And to watch, in Daily timeframe we have a key zone of demand in this yellow zone around $133 JPY with possible chance to go up.
I hope that this analysis support you!!!
USD/CAD: Bullish fundamental newsU.S. Dollar/Canadian Dollar it's look bullish by fundamnetal news about the possible increase of the interest rate to 1%. Also for tomorrow, we see a U.S. Consumer Price Index to take note.
So, I will hope that this par move one of this 2 key to watch to buy. The price to watch it's around $1.3006 CAD and $1.2989 CAD to possible long position.
I hope that this analysis support you!!!
Current move in US30 - bear week <3Shared another idea ft. Nas100, but US30's price action has been smooth, lots of reentries, tight mitigations, low volume distributions and huge volumes at breakouts... loved this week and I'll seek to push those moves lowers through the start of this week.
Has a lot of drawings, but overall everything I detailed this week in my charts, even after ZOOM trainings. Left my thought process because it's a rare picture perfect week, grateful this happens, hope everybody understands than this is attainable for anybody. I'm not special, I'm not better than anyone, because through hard work and experience you can match my results and exceed them. So just keep trying, I'm not at my highest level yet, so let's grind this mf'r out ;)
EUR/GBP: Shoulder Head ShoulderEuro/Great Britain Pound forming a Shoulder Head Shoulder and make this break-out. But we should need to hope a pull back like this in the blue arrow sample to take best decision and short Euro. Meanwhile, we see a bearish divergence forming in the RSI where it's speak us the weakness in the trend in this par to shorting. The RSI indicator formed higher low in 3 occasion.
This it's the Shoulder Head Shoulder more better in H4 timeframe and we break out this neckline that we see. We hope next trade.
Also, in Daily timeframe, we forming a demand and supply zone that I drawed here
I hope that this analysis support you!!!
CAD/CHF: Morning Star CandlestickCanadian Dollar/Swiss Franc forming a morning Star Candlestick Pattern in the price action in H1 timeframe.
I zoom up to watch very good the candlestick pattern in this it's a bullish signal to buy CAD.
Also for reference, you can to look in 30 minutes timeframe (scalping) that we forming a good zone to buy right now and also this bullish divergence that we see in this timeframe 30 minutes and also in H1 we could to appreciate some in the RSI in H1. You will need to learnd how to read the price action in the trading chart, and more in Forex market when this market it's very manipulative.
Now, to enter in the deep analysis, in H4 timeframe I draw the fibonacci level and CAD touch the 0.382% and make support as we see in H1 timeframe in the price action what happen now. Also for reference, I have a plan to update my previously par EUR/JPY what I made an analsyis that this could to happen when reach the 0.382% to take in note in Euro/Yen Japanese to predict their future to know what will happen with precision.
Also, this it's the Daily timeframe and I draw too a fibonacci and we have that CAD reached the 0.382% with chance to buy in that zone to watch in H1 timeframe.
Good luck in this posiiton, I will open when the market making the open the doors to put a buy market in the price and SL to $0.7508 CHF (23 pips) and potential target to hit $0.7621 CHF (90 pips) what I look a chance of Fibonacci confluence to entry in the best and perfect zone to buy
GBP/AUD: lead by fundamental newsGreat Britain Pound show us a bad expectative of rise of inflation in the cost of living crisis for Britain people and also, some financial analysis expect a long term that Pound could to evaporate the currency worth in the time what there're some points that I want to share you fundamentally here:
What happen in the Bank of England? Where it's the challenge?
1. The rapid deterioration in sterling sentiment reflects the rapid deterioration in the United Kingdom (UK) economy.
2. Almost a quarter of people in Britain say it is harder to pay household bills
3. Retail sales volumes slid by an unexpectedly hefty 1.4% in March from February, and market research firm GfK said consumer confidence slumped this month to close to its lowest level since records began nearly 50 years ago.
4. The International Monetary Fund last week said it expects UK economic growth to be the weakest of all major economies next year with the exception of Russia, and UK inflation to be the highest in the G7.
5. As Rabobank's Jane Foley notes, this poses a "challenge" for the BoE, adding: "Buying interest in the pound could evaporate quickly if recession fears build."
6. If the economic outlook for sterling appears bleak, the political outlook is only making it darker as pressure intensifies on Prime Minister Boris Johnson to resign
So guys, i will share to know and has a clear perspective what happen with the Sterling Pound that I share these 6 points to take in note and I see a bad expectative for all GBP pars with their rivals.
So, technically we see that Pound it's into this bullish channel and into this chartist pattern, we're forming a little descending triangle and also a bearish channel flag perspective that we would to take note that GBP will be lead by bearish sentiment in my own analysis and critic. As Sterling it's into this descending triangle, I will shorting Pound against the Aussie. But note, that fundamental news make a deep impact that we see a great opportunity here. I will put my sell order limit to $1.7769 AUD and SL to $1.7823 AUD (54 pips) and target to $1.7514 AUD (254 pips)
You can to see better the bullish channel here where we're inside of this chartist pattern, also, I interested to make a special analysis to project the medium term and long term of GBP of some of their rivals and know what will be happening in the next months if there're a lot fears in the UK economy in based the inflation.
Good luck if you decide to short GBP/AUD!!!
And also guys, congraluations if you follow my previously siganl in EUR/JPY what we earned 185 pips in this trade. And also, in CAD/CHF that make a down and then, recently up and we loss 35 pips in this trade, but what I thinking that was maniulated and to pay attention, because CAD/CHF still bullish and I'm bullish in Canadian Dollar.
EUR/JPY: Bearish divergence + break outEuro/Yen Japanese forming a bearish divergence in H4 timeframe show up a bearish momentum in the price action and RSI indicator. The previously closed up of this price action in H4 forming a bearish candlestick signal right now and we see a good opportunity to short Euro in front of Yen Japanese.
But now, in H1 timeframe and being simple, we see a bearish divergence too in RSI and price action clearly and the confirmation of this break out. We see a multiple charts like descending triangle and bearish risign wedge with the neckline what was broke down. And also the new bearish trend line and also I mark it with blue circles.
So, my perspective it's bearish. So, I will put a short position in the sell order limit at $138.85 JPY with the SL to $139.47 JPY (61 pips) and target to $137.00 JPY (185 pips).
And also to say you, be cautelous because we could to forming an ABCD harmonic pattern with the chance to go back bullish and also, this trade it's interesting to trade and be prepared in that way. You can to appreciate the possible harmonic pattern in formation in H4 to watch better. And another possible target to watch it's $137.52 JPY to take in note if we end the formation of this harmonic pattern
Good luck!!!
I will keep update this par
EUR/GBP: Manipulation key to watchEuro/Great Britain Pound show us a good point that you would need to know for possible long position that I feel.
To know more deep, in H1 we forming a little symmetric triangle flag, but that generally could be reversal as continuation of the trend.
But you would need to pay attention the key point in H4 and Daily timeframe that I will enfocous in these analysis here.
In H4 I mark by yellows circle the exaclty point that you must to watch and also I draw a finite red line that you can to understand it how this manipulation work.
And finally, this it's my Daily analyssi that I show you fundamentally the key point to look.
So, Euro could to hit 0.8384 GBP as chance to find up good position but I prefer to take profit in my exactly red line target to 0.8365 GBP.
Also, I see a long position right now as that it's key manipulation to watch. I entry around 0.8284 GBP and SL to 0.8260 GBP (24 pips) and target to 0.8365 GBP (81 pips)
ETH/USD: new update!!!Ethereum forming a bearish flag channl and we make this break out right now. Also, as I keep this trade since Friday, April 15, 2022. I'm still in shorting Ethereum.
Also to make a new update, I will extend my target toward $2,830 USD approx to get my benefit in that zone.
Also, this it's my H4 timeframe analsysi and we're in this bearish channel. As the price made movement to the upside, I don't decide to closed up my short in Ethereum but that was so almost that the price touch my SL to $3,096 USD, But waiting I become patience in that trade.
But, we're in profit in Ethereum and show us good entry to entry around #3,060 USD to short, but don't pass nothing, at least for me I keep this short.
So, my target will be now $2,830 USD!!!
Good luck!!!
ETH/USD: Bearish channel flagEthereum forming a bearish channel flag and I will show you my specific target to trade in H1 timeframe, as also this what Ethereum it's right now it's in this pull back in hte moment of this analysis and we see a little bearish rising wedge that you can to do better in H2 or more to look it's in 30 minutes timeframe
Now, I see that as we break out this chartist pattern and make another pull back in both mode in these charist pattern bearish channel flag and bearish rising wedge, it's a perfect entry to short Ethereum now.
This it's the situation in Ethereum right now in H4 and we're into this bearish channel that we could to see a drop to $2,821 USD approximately.
So guys, my trade it's the following. I entry in short position around of $3,025 USD, SL to $3,096 USD and my specific target will be to $2,906 USD. This it's a risk/benefit of 1:2 to trade Ethereum.
Good luck!!!
EUR/AUD: ABCD bearish patternIn this update, Euro/Australian Dollar forming a bearish pattern called ABCD. Snd from this zone we're in the smart zone to sell Euro what I look to short this par.
Also in H1 we formed a bearish divergence confirmed indicating the end of this bullish pull back snd based that analysis. We're appear that we're going to short now.
I put a sell now and SL to $1.4677 AUD and target to $1.4480
I hope that this analysis support you
USD/CAD: Bank of Canada big catalyst In this update, I will change my strategy how I read the economical news that it's incoming for tomorrow in the Bank of Canada about interest rate, policy monetary report and Canada Press Conference in that country and also, I will show you fundamental news with key points and technical analysis too.
Fumdamental News:
1) Canadian dollar has scope to make up ground against some of its biggest commodity-related peers if the country’s central bank provides an appropriate shot of hawkishness this week.
2) Canadian Dollar has received some support from higher oil and resource prices in the wake of the Russia-Ukraine war. This Wednesday’s Bank of Canada meeting, which is widely expected to deliver a half-point interest rate hike, could well prove a catalyst for fresh moves higher.
3) Bank of America Corp. sees Macklem implementing a “potentially brisk” pace of tightening which would provide “persistent support” to the Canadian dollar in the months ahead
4) Expectations for what the Bank of Canada might choose to do on monetary policy have climbed sharply along with the recent ramp up in rhetoric south of the border at the Federal Reserve.
That 4 key points it's sound bullish for Canadian Dollar.
So, basically lead by fundamental news, U.S. Dollar/Canadian Dollar find up key resistance here in Daily analysis and we could to make a reversal from the point $1.2620 CAD to $1.2480 CAD.
And also, to take in note in H4 timeframe, we forming a bearish divergence forming a lower high in both (RSI and price action) and that sound me a possible drop in the U.S. Dollar against Canadian Dollar.
Meanwhile, in H2 timeframe to being more enfocous. I use the MACD and I Identify clearly a bearish divergence making a higher lower in MACD indicator and higher high in price action. And that it's another signal that we would to short USD/CAD. Now, as the market it's waiting the big catalyst on Canada currency, I know very well this perspective how this market will move on. I entry in short around $1.2619 CAD and SL to $1.2668 and target to $1.2480 CAD. So guys, you will need to closed up your long position in USD/CAD if you long in this trade, please pay attention and closed up, as this morning I made a bought around $1.2606 CAD, but I will lead by fundamental analysis what they speak us.
I hope that this analysis support you very well.
ADA/USD: Bullish movement to $1.13 USDCardano forming a bullish rising wedge that could to forming a bounce from this area. But I prefer to wait until Cardano make another buy confirmation using this EMAS to find up best buy when Cardano make this confirmation. But we would need to hope a pull back in the zone of $1.05 USD approximately to trade ADA in H1 timeframe. And also, as we forming a bullish divergence, this signal was confirmed and Cardano it's leading to the bounce right now.
Cardano forming a bullish divergene clearly in H4 tiemframe and this chartist pattern bullish rising wedge. But in fundamental theory this will be a bullish movement to the upside.
So guys, I hope that this idea support you to trade cryptocurrency, and also ,I will allow to trade in short term in H1 timeframe t find opportunities in crypto.
DOT/USD: Trend line lower highPolkadot forming a nice trend line lower high since $16.12 USD in the date of March, 07, 2022 and we see an uptrend. Also, you can to put a buy now and SL to $20.20 USD and target to $26 USD. Also, the target toward $24 USD could be good if in case that DOT doesn't reach the $25 USD or we see any correction toward this trend line.
So guys, it's very easy we see that Polkadot forming a lower high in this market structure.
This it's the H8 timeframe and I see a bullish structure from this timeframe.
This will be a risk/benefit of 1:2
Good luck!!!
BTC/USD: Bitcoin it's above of the EMA 200Bitcoin forming this symmetrical triangle of consolidation and maybe, the price it's ready to blow up.
Also, you can to get note that in this Daily timeframe, Bitcoin it's above of the EMA 200 and also make this retest in the support zone of this symmetric triangle where in the past was resistance. But bull are taking control now in the trend and Bitcoin it's ready to goes to up.
You can to put a long position in Bitcoin from this price and SL to $42,900 USD. Also, by Daily timeframe, I have calculated that Bitcoin will reach $57,000 USD and then, I use this measure in the base of this symetrical triangle to measure the projection of the price.
I'm bullish in Bitcoin!!! And to know the risk/benefit this will be 1:3. And this it's a good trade to note. Now, if you want to entry in this trade, preven to use all leverage and take in your eyes your risk in this trade. Because you will need to learn how to calculate the risk in this trade and how much money do you allow to loss in this trade?.
I hope that this idea support you!!!