RD
GBPAUDHi
GBPAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
Powerful wave 5-3-3 MATICUSDTVery good conditions can be seen in the chart, it seems that a powerful wave is on its way.
Follow the principles of capital management.
enjoy.
BTT/USDT SHORT, Broke the support, weak RD-BINANCE:BTTUSDT has good potential to rise in long term according to fundamental statics , but technicals represent the continuous but short downward trend because it has broken the 0.38 Fib down and the next supports are SMA 500 and 0.23 Fibonacci.
You can see lower price tops but equal RSI tops. I consider this kind of a weak RD- , that approves the continuous downward trend.
Macd has broken the signal line down and RSI is weak. I'm waiting a little in order to let BTT get oversold in RSI then enter.
Note: It's not a financial signal, just my idea
Note: Bitcoin's recent bumps can affect altcoins so I suggest you check BINANCE:BTCUSDT charts, too.
📛 Don't buy anything until you read my idea!As indicated by the red circles on the RSI, the RSI power to jump is declining.
Also we have a strong RD- in the daily and 4h time frame chart.
I wanted to publish this yesterday, but I was skeptical.
Be very careful.
On the other hand, this is the end of the fractal form and we must be ready for a new movement
In my opinion, with the break of the white trend line, this will be at least a correction if it is not a fall.
I sold everything and will not enter the market until Bitcoin is above $ 62,000 with a strong green candle.
I think only good fundamental news can keep the price of bitcoin from falling, what do you think?
APPLE: EARNINGS PREVIEW - LOW BAR; 1.38EPS & REVENUE $42.34BNApple earnings to be released after market today
Expectations:
1. 1.39EPS and $42.31bn Revenue
- I personally have been an Apple bull for some time - I believe the bar for apple has been set low, with EPS 25% lower than last year and Revenue target also 15% lower than last year - I think this is achievable as Iphone SE sales will be included in the income statement for the first time this quarter which should help beat the low 42.34bn target.
Risks:
1. Obviously, if Apple misses these expectations i see downside to $89-90 immediately happening - nonetheless I think this opens up a valuable buying opp and I will be buying any 89-90 (or lower) lows, once the earnings hit/ miss flows are over as i believe apple is very cheap on a multiple basis some 10x.
Trading Strategy:
1. On an earnings beat I think because AAPL price has been depressed for so long (30% for 6m+), APPL will see significant topside e.g. to $111 so you should BUY AAPL at market and hold past the 101 breakout for 110tp.
2. Equally, if AAPL misses, we should clear existing risk at $95 and reenter APPL at the MISS bottom which should be $89, or perhaps less.
- I like owning Apple as it is one of the least leveraged companies, with over 250bn in cash & marketable securities (highly liquid) and generates 40-60bn dollars in bottom line profit, with 200bn revenue - thus it is one of the most profitable companies. With this cash, Apple in the future (under new leadership) can regain its prowess and make new highs e.g. 140-160 within the next 12-18m - before if they actually invest in M/A or some heavy R/D - poor leadership by Tim Cook is to blame for APPL's stagnant performance imo - they should have purchased Yahoo to compete with Google ad rev, Twitter to compete with FB and Netflix to grow their Apple TV business - all of which would have worked due to Apples massive worldwide brand and i believe such acquisitions can be made in the future thus I value owning Apple.
Any questions let me know.