Technical
GBP/CAD: Heavy Bank Buying!GBP/CAD: Heavy Bank Buying!
- This morning GBP/CAD dipped back into the High Volume area
- Banks used this dip to scoop up the pair
- Need to break current resistance (see Chart)
- Almost no volume above it, indicating room to run
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Gold trading idea hello !
After our huge profit from gold with all waves ups and down we are now focusing now with the next move :
we are willing to start selling at 1871.20 you can put your sell orders from now already because it is near the area and we can reach that zone by the opening of next day !!
our first TP is 1828 and as always move your stops to the entry point after a +8 dollars profit pr 80 pips !
best of luck !
NB : the trade is at 98% ok so be sure to enter with higher risk
CAD/CHF UNIQUE IDEA ..(Sell)hi Hello to all friends
Hope you all are enjoying me ideas and analysis. Now i am here to discuss about FX:CADCHF
CAD/CHF has breaked the main Support level . Now it has Maximum chances that it can touch Price level 0.74955
Trade Idea:
- Watch for bearish price action at the 38 fibonacci level and take CAD/CHF down.
- Stoploss above the rejected price
- For take profit, once price moves down, use a descending trendline to manage your trade and exit when price breaks that.
After that it will follow again downtrend. Keep in touch we will update further soon.
Goodluck and as always, trade safe!
LUNA looking to break out of wedge within a wedgebig move coming here soon, one direction or another.
APPLE SHORT APPLE already in down trend we test the last high and get reject i call the short from 157$ on over plat form
and the target still to 150$ we going there because the S%P LOOKING GOING DOWN it's more likely to drop to 150$ that's the target
and we lost the ema's
and the 140$ is likley to happen too but i am not expect it now maybe i will update it later
good luck guys be safe
BITCOIN ACCUMULATION SCHEMATICAs we know at the every top and every bottom of the correction in the last year there has been form either a Wyckoff Distribution or Accumulation Schematic allowing Smart Money to Accumulate their Positions for an upcoming change of Trend.
This Time should be no different and we already see a possibility of the Wyckoff Accumulation Schematic forming on the Bigger Picture on Bitcoin.
Price has formed 2 Liquidity points, Buyers Climax and Secondary Test which already have been liquidated by a possible Spring that is forming Right now.
What is Key to this Wyckoff Schematic is that we don't just look for them on a random point of the Market but usually in a special area that may signify the change of Trend.
This time this special area is a 30k zone which is a Big Support zone from the previous Accumulation, which is also backed by some very important Fibonacci levels making current forming Wyckoff Schematic more probable.
Now, when we know that a schematic may be forming and that it is in the right place, what can happen next?
Well, there's a few patterns to a Wyckoff Schematic and we have to remember that no schematic is the same nor perfect as a textbook example.
Assuming right now, we have Spring forming, we can have upward move next, giving us a last point of support (LPSY) and then rally to the upside,
or we can have another leg to the downside which would be called a Spring in Phase B, liquidating positions from Spring.
Either way, the direction of the Accumulation Schematic is always bullish.
GOLD TRADINGHi,
so for this week number 19, we expect it to be a very interesting week for Gold !
prepare your self for big huge waves, but how to get profit from it ? as you all know for each day we have a high and low we have done the stats for you and here you go :
for the last 13 days : the average rise fron the opening price of gold is : 110 pips the average move down from the opening price is 180 pips and the average move between high and low 290 pips !
interesting stats that we also use for our analysis.
now here you go :
we expect price to move down at the opening of the market to 1876 levels where you can buy to target 1904.
from that price we will be looking for sells only and only sells ! good luck.
remeber our target is to touch the uptrend but we may go until 1806 ! let's wait for 1904 to begin sells first !!!!
BTCUSDTThe price has exactly turned back from pitchfork point (almost 40.5), as well as the uptrend green pitchfork lowest line. Looks like we lose blue pitchfork's main line and strong support .
This means we haven't reached a point of upward movement yet. As far as I know, that's not good🤨.
next stop is second line of blue pitchfork .
The red line is my expectation.
Markets are affected by many elements, so do not rely solely on technical analysis; technical analysis is only 48%