Technical
Watchlist: Jan 06 - 10, 2023Hey everyone, I trust that you all had a good weekend and that you are ready for the trading week ahead. I firstly would like to apologies for not uploading any content last week, I was a bit busy, but I am here now. So for those of you that would like to know which pairs could push you into the black, check out this weeks watchlist and let me know what you think.
Also, if you have any questions, thoughts, or opinions regarding the content we upload, please feel free to reach out to me as I would be more than happy to interact with you. Our goal with this type of content is to provide value, and insight and ultimately ensure that all our videos makes it easier for you to understand and navigate the markets in an effective and profitable manner.
🛠️ Trading Tools Cheat SheetFibonacci Levels, Pitchfork, Fibonacci Arcs, Gann Square, Gann Fan, and Elliot Wave are technical analysis tools used in trading to identify potential levels of support and resistance, anticipate future price movements, and make informed investment decisions. These tools are based on mathematical calculations and relationships between price, volume, and time. They are widely used by traders to gain insights into market trends and make investment decisions based on past market data. However, it's important to note that these tools are not a guarantee of future performance and can produce false signals, so they should be used in conjunction with other forms of analysis and with a solid understanding of market dynamics.
🔹 Fibonacci Levels
A technical analysis tool that uses horizontal lines to indicate areas of potential support or resistance based on the Fibonacci sequence.
🔹 Pitchfork
A technical analysis tool that uses three parallel lines to identify potential levels of support and resistance and to anticipate future price movements.
🔹 Fibonacci Arcs
A technical analysis tool that consists of several curved lines that originate from two extreme points (high and low) and converge at the fibonacci levels.
🔹 Gann Square
A technical analysis tool that uses a grid to identify potential support and resistance levels and to predict future price movements based on the relationship between time and price.
🔹 Gann Fan
A technical analysis tool that uses diagonal lines to identify potential levels of support and resistance and to anticipate future price movements.
🔹 Elliot Wave
A technical analysis tool that tries to identify patterns in financial market data, particularly in stock market prices, which in turn can be used to make investment decisions. It's based on the idea that market prices move in predictable waves.
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#Bitcoin ShortTerm Update Bitcoin Market Update:
BTC.D spiked up last night but is now trading doij. Both Bitcoin and BTC.D trading doji.
📝 BTC.D is teasing the resistance and I expect a dip soon from here though it could take a few days as US stock indices are pushing down and different tech earnings will lead the indices for the next few days.
⚠️ Bitcoin can dip to $21,500 without a big deal as that is our support - this has been mentioned for the past week as a possibility, however, testing it will be better as it will allow Bitcoin to flip that as a support, which would be bullish. As you know $25,000 is the resistance 🤝
The US stock indices will lead the market and altcoins will follow Bitcoin.
Intraday:
The intraday chart is choppy and still trading between the intraday smaller range area.
1️⃣ A bullish breakout above $23,110 (POI) is required to get a long towards $25,000 - 🚀
Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.
2️⃣ A dip to $22,230 (POI) is also possible before getting a bullish move - 🦞
3️⃣ Below $22,230 (POI) an intraday range breakout will occur to the downside targeting $21,400 & below - 🧸
🚨 I will be carefully monitoring the market sentiment to get a trade.
Below $20,950 is a short area too. We now need to wait for the market to lead us.
ZIM: NEUTRAL with one Eye on China.During the last part of the year already passed, we saw a downward trend of this stock.
Many factors can associate with this downward trend, such as the decrease in demand for the transport of goods between Europe, USA, and China, and the news of the coming recession had led to the bear trend of this stock and its fall. Now the interest on this stock seems to be reducing and the movement of the price is no longer the same as before. We can see from the body of the candles, that is starting to be small, and the drop in the price is no longer intense as before.
Now the price is pressed in the area between the levels 18.68 and 16.64, which is in the phase of accumulation that can lead to a new trend, which is not possible to determine.
From my side the last level that the price can hit before the uptrend is 11.94, however, good attention to the news from the government of Beijing can be determined the future of transportation in the coming months and not only that.
GBPAUD BUY So Basically We are In on GBPAUD, On a Longterm Buy Of 300 pips Plus.
So we are Waiting Patiently For A short Confirmation Before Making a Buy Moves.
Confirmation entry at the Blue line area Which is @1.76596 That’s the Buying area,
So let’s move on to the short before the Buy
GBPAUD SELL 129 pips
SL: 1.78331
TP: 1.76596
Then For our Major Buy which we are all Focusing on
GBPAUD BUY 300 pips plus
SL: 1.76029
TP: 1.79666
Good Luck Guys
If you Like this Analysis Please Drop a Comment thanks guys.
GBPAUD BUY So Basically We are In on GBPAUD, On a Longterm Buy Of 300 pips Plus.
So we are Waiting Patiently For A short Confirmation Before Making a Buy Moves.
Confirmation entry at the Blue line area Which is @1.76596 That’s the Buying area,
So let’s move on to the short before the Buy
GBPAUD SELL 129 pips
SL: 1.78331
TP: 1.76596
Then For our Major Buy which we are all Focusing on
GBPAUD BUY 300 pips plus
SL: 1.76029
TP: 1.79666
Good Luck Guys
If you Like this Analysis Please Drop a Comment thanks guys.
GBPAUD short triggered EOD stratA trend-following strategy that only takes a few minutes at the end of the day to set up and forget.
On the GBPAUD the shorts have been triggered and now we wait to see if we get to TP1 and a trend continuation.
Due to the initial stop being very wide, the risk per trade means the nominal lot size is very small.