USDCHF TRADE.Hello traders around the world.
My name is Alexandre Karim.
Let me explain for you how I planned to take a short position on USDCHF.
First of all, on the higher time frame (Weekly chart), we can see that the price reached a key area at 1.01436.
This area is great for short positions + the gravity is to the downside because the price created an ascending channel since Jan 2021.
On the lower time frame (4H), we can see that there's another ascending channel with a corrective behavior heading towards 1.01436 area.
The price later on reached the lower TL of the 4H ascending channel and created a bearish flag as a re-test signaling more downside especially when the price broke the 4H TL (Ascending channel).
After that , the price went up correctively reaching the previous bearish flag (Around 1.00315) I was waiting for the price to touch the upper TL of the ascending channel + the rejection line (Intersection).
I personally took this trade as a sell limit entry .
The pattern that I was waiting for is a double top (@ 1.00315) then breakout of the ascending channel (0.98659 till 1.00309). The breakout was at 0.99934 & thats when I moved my SL to BE.
PS: Always risking 1% of the account per trade.
WHAT MIGHT BE THE NEXT SCENARIO?
I will personally be waiting for a continuation pattern on the 1H chart as a bearish flag to take a double position.
Also, I will be trailing this pair and locking above 1H corrections to secure %
Risk management is crucial.
Patience is key.
#THEPRIMES
Shortposition
LTCUSDT - Short Position - OverboughtLTCUSDT is currently in an oversold condition. It´s likely for the price to go down.
The bollinger bands, RSI and stochastic they tell us the price will go down soon. The price is approaching a previous resistance. So wait for the price to retest this resistance if it does the resistance line becomes your entry point.
Further details are shown on the chart.
Goodluck!
Another +200% Short Position on RVNOur last RVN/USDT Signal (in our VIP Channel) Works Great!
We Gained +200% Profit in a Single Position Under 1-Month with only 5x Lev. (the Binance Position Share Result is Attached to Analyze)
After about a 50% price Drop, there is now a Mini-Correction Wave, It's possible to Reach 0.5% ~ 0.618% Fibonacci Levels (0.32$ ~ 0.34$) as shown on the chart.
This Fibonacci Level is a Stable area for Both New Traders and Old Trader who wants to Add More to Their Short Position.
Please Follow me to Get Updates (Such as Stop Trail, Target Margin Close and etc.)
Like and Comment on your IDEA below, I'll be glad to Here more about you.
Keep Calm & Surf the Wave
CADJPY PLAN!Hello traders around the world!
Lets talk about CADJPY.
First of all, on the higher time frame (Weekly) we can clearly see that the price reached a mass psychology at 106.580.
Currently, the price is ranging between 106.000 & 110.000.
This is clearly an area for short positions. (First confirmation)
On the daily chart, we have an ascending channel signaling a downside gravity (Second confirmation).
Where are the areas to take short positions?
The areas for shorts on CADJPY are: (Third confirmation)
1) The high of the middle section @ 110.528 forming a double top &/OR 1H reversal pattern as a combination.
2) The high key area (on the upper TL) @ 112.200
We must be waiting for reversals in these two areas and execute properly without having the fear of missing out.
Patience is key.
#THEPRIMES
Another Short Position | Another +200% on NEAROur Last Short Position Closed with over 300% Gain on 10X Lev. , And Now we didn't see any sign of an upward activity so another short position with high risk is available.
R/R : 5.5
Max Gain 25% (10x LEV. =250%)
HOW TO SETUP?
We can have a short position on 3.7-3.6 so the avg. will be 3.65 $ and we will set our Stop-Loss over the previous high (so we don't expect any Higher High in this scenario).
Please don't get in FOMO and also don't panic to avoid losing money in case of any mistakes. your target should be on 1.0 or 1.23 of Extended Fibo so watch for price movements.
The 1st resistance is 3.4 so if the price breaks it we can expect a lower low of 2.85 to 3$. You can Trail your Stop-Loss with Crypto-Bot. Trade or any other Trader Assist Tools to get the Maximum Gain out of this Position.
Good Luck
USDJPY PLANHello traders around the world !
Lets talk about USDJPY.
First of all, if we look on the weekly chart, the price is reaching a strong mass psychology since 1998.
As you can see, the price might give us two scenarios:
The first scenario is on the probability area heading towards a trend line + double top & waiting for the third touch there. Once the price reach this area, I will be focusing on taking a reversal pattern (1H or 15 min Chart) to short.
The second scenario is the best. WHY?
Because the upper trend line creates an intersection with the rejection line (Mass psychology) which shows us a better confirmation for a short position in this area if the price gave us a clear reversal pattern there.
Patience is key.
Have a great week traders!
#THEPRIMES
GBPJPY SHORT TRADE IDEA!!!We should see some resistance out of this level at 166.000 for either a big retracement or even a move all the way down to 160. I will probably wait until the start of next week before even looking at taking entry, remember even if we do see a move down to finish the week there will usually always be a second opportunity to get into the trade.
FEDEX SHORT (FDX SHORT) :(Hello,
I have explained many things about the recession in my idea about the world crisis of 2023. And other articles such as the OIL SHORT, or THE BITCOIN CRASH (I will leave all these ideas linked.)
But here I want to delve deeper into supply chains.
I'm here again to show you a SHORT idea against FedEx , that company that is in the middle of all the orders in the world. What would we do without transportation chains?
They are always in the middle of "customers", "retailers", manufacturers" and "suppliers". Transport chains like FedEx are very necessary, since without them the orders could not be transported.
Now the words: "customers", "retailers", manufacturers" and "suppliers". Sounds me as a special effect, THE BULLWHIP EFFECT.
You know, the BULLWHIP EFFECT, as the name suggests: "bullwhip", with a small change in the "whip", could cause devastating effects in the "whiplash".
I recommend to search on Google about the Bullwhip Effect, there are nice videos on YouTube.
The bullwhip effect in demand forecasting arises when each channel member forecasts demand based on information derived from the ordering patterns of an immediate inferior member.
It basically consists in that consumer demand does not present significant fluctuations, while inventories reveal important changes, showing a decrease or excess in stock levels. If, in the different links of the supply chain, they do not handle constant and true information on their inventories and consumer demand for their products, the bullwhip effect gains strength, generating an excess of safety stock, which, as is known, radically increases the cost. , the end product.
What are the causes of this effect?
Lack of information between suppliers and intermediate buyers.
Management without order in production orders, generating volatility in shipments.
Possible periods without demand for the goods.
Possibilities of obtaining wholesale discounts (Which generates time problems).
Inflated or strategic orders. (Taking advantage of market conditions).
Supply uncertainty. It can generate unnecessary orders.
This effect is so devastating that it is very difficult to detect it really, but it is more difficult to detect it if we are in a "SLUMPFLATION"...
I was not amused when the media said that the crisis would not yet come. OBVIOUSLY I don't want any crisis. What I don't want is for the crisis to be worse. They always make the same mistake, they hide the real data and say that the recession hasn't arrived yet. But in a few months the recession was sooner than expected.
What is in the middle of all the BULLWHIP EFFECT?
- Answer: "Transport Chains"
Actually the transport chains will also be affected, just put on some music in a dark room, close your eyes, and think about it. Don't let your money foolishly burn!
Bubble within bubble within bubble within bubble within bubble within bubble... SPLASH!
I do not have much to add. You just need to do a little research on the internet, DON'T TRUST ANYONE, NOT THE FED, NOR THE PRESIDENT, NOR THE INTERNET, NOR DO YOU TRUST ME.
You can only trust yourself and your research that you have done.
I AM NOT A FINANCIAL ADVISOR AND PLEASE SEARCH THE INFORMATION ON YOUR OWN, BEFORE MAKING ANY DECISION. YOU AND YOU ONLY ARE RESPONSIBLE FOR YOUR INVESTMENTS AND IN NO WAY WILL I BE RESPONSIBLE IF YOU USE THIS IDEA THAT I AM SHARING HERE.
Thank you very much for reading this article and not closing it like others.
Have a nice day,
Esiquiel.
USDJPY NEXT SCENARIO?Hello traders !
USDJPY is currently between two mass psychology levels: 135.179 & 147.728
Given that the price is between these two levels, we should be really patient and execute properly without having the FOMO (Fear of missing out) the trade.
USDJPY currently broke the ascending channel on the 4H chart and its forming a bearish flag on the 1H chart signaling more continuation to the downside.
I will be waiting for two scenarios.
SCENARIO #1:
Waiting for an inner structure reversal pattern on the 15mins chart inside the bearish flag as 3rd touch on the upper TL & execute a short + the stop loss should be above the previous high.
SCENARIO #2:
Waiting for the 1H bearish flag to be break to the downside by setting a sell stop and the stop loss should be above the previous high.
Patience is key. Look for quality trades.
#THEPRIMES
ENSUSDTHi, I hope the coming week will be a profitable week (:
The price is moving inside a descending channel.
If we ignore the triangle pattern, considering the yellow range and the type of previous movement (inability to enter the $10.817 range), we should have a reaction to the $9.733 range.
I prefer to close 75% of my sell trade at the $7.364 price range, but I can't ignore the triangle target, so that leaves 25% for that range.
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