Tradeanalysis
EURJPY > Entry Point AnalysisEURJPY - 1W > 10/22/2017
Pair remains trading in 131.69 - 134.39 range
Decisive Break and Hold above 134.39 indicates further rise to 141.04 re-test in longterm
Decisive Break and Hold below 131.69 indicates further decline to re-test of 127.55 support in longterm
Personal bias: Neutral
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Bitcoin Trading OpportunityLet's look at 1 Day chart of Bitcoin . We are in Wave 5 on a Daily Chart . Bitcoin has gone through waves 1, 2, 3, 4 and is now the last wave in Elliot Chart. The price broke 6000$ psychological level. RSI shows that we are going to bring the price down. We must watch for price action near 6150-6200$ level. If price moves above < 6200$ level, we'll have long opportunity.
EURUSD - Prepares for Fall > 1.1380EURUSD - Trade Analysis > Month of October, 2017
Updated: Trade Analysis > EURUSD
Timeframe: 3W
Expecting uptrend to continue toward 1.1870 / 1.1950 levels with test of 1.2030/37 resistance possibility.
Strong reversal expected which could lead to low target @ 1.1380 levels.
Overall monthly average high range expected to hold between 1.1870 / 1.1950 levels
Average High @ 1.1810
Average Low @ 1.1380
Anticipated October closing price @ 1.1550
Updates / Adjustments will be reflected in comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
GBPUSD Weekly Trade AnalysisGBPUSD > 10/8-13/17 Trade Analysis
Timeframe: 1W
Expecting further decline toward 1.2975 level. Firm break and hold below suggest possible decline toward major support level @ 1.2773 in longer term.
Strong bearish downtrend signals causing concern for possible trend reversal in medium term.
A firm break and hold below 1.2773 will serve as confirmation that bearish trend may continue, but firm break and hold above this level would serve as confirmation that bearish trend is complete and would expect bullish trend to return in longer term.
A firm break and hold above minor resistance level @ 1.3221/25 would serve as important signal to bullish rebound.
(1.1946 should show as 2016 High)
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
AUDUSD Weekly Trade AnalysisAUDUSD > 10/8-13/17 Trade Analysis
Timeframe: 1W
Pair broke below support @ 0.7807 with MACD showing bearish divergence, expecting further decline toward 0.7727
A firm break and hold below 0.7727 would signal good possibility of further decline toward 0.7633 level.
Expecting bearish trend to continue with price needing to remain below 0.7820 for continual confirmation.
A firm break and hold above 0.7820 would indicate bearish trend is weakening. Firm break and hold above 0.7874 would serve as indication that bearish trend is complete and a reversal would come back in play.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Ripple to DOUBLE? Breaking out now?Ripple XRP has been consolidating since May and it's approaching the convergence of it's consolidation range.
It really looks antsy to break out here and I'm loving this chart.
The 200 day moving average is coming up to meet the price. That means the overall trend is finally meeting the price and that is usually a recipe for a bounce. We've been monitoring this situation for weeks now and it is playing out exactly how we predicted.
If we get a breakout of this range, a strong daily candle above .26, my final target is the 161.8 Fib retracement of the consolidation range.
That's pretty big guys, that means a doubling in price before this is all said and done. Will we get there overnight? probably not. A shorter term trade would be those old highs at .42, but that is still a 50% move.
Strap on your seat belts if we break this consolidation with Ripple it's going to be one hell of a ride.
Long above .26
Stop under last pivot low and 20 moving average at .20
Target 1 = .42 (old highs)
Target 2 = .60 (161.8 Fib retracement of consolidation range)
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MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.
USDCHF Weekly Trade AnalysisUSDCHF > 10/8-13/17 Trade Analysis
Timeframe: 1W
Weak bullish trend, yet expecting to hold as break above 0.9777 has occurred.
Awareness as pair approaches next major resistance @ 0.9880.
Break and hold above this level can expect further rise to 0.9990 in medium term as long as pair remains above key support @ 0.9708 level during weekly range.
Break and hold above 0.9990 can extend rise to 1.0030 level.
Note that a firm break and hold below 0.9708 would favor reversal toward 0.9587 level.
Personal bias: Bullish in medium term w/weak tendencies
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
USDCAD Weekly Trade AnalysisUSDCAD > 10/8-13/17 Trade Analysis
Timeframe: 1W
Believe pair is currently in downward correction toward minor support level @ 1.2450/48 level.
If unable to break and hold below 1.2450/48, expecting further rise toward major resistance level @ 1.2770/77
A strong break and hold above 1.2777/80 is needed to target 38.2% fib retracement @ 1.3065 level.
Seeing mixed signals in charting, so awareness recommended that a firm break and hold below 1.2450/48 minor support level could signal short term top and bearish trend likely to continue.
Personal bias: Bullish but will Stand Aside
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
GBPJPY Weekly Trade Analysis GBPJPY > 10/8-13/17 Trade Analysis
Timeframe: 1W
Expecting further decline toward 144.45 level, representing 61.8% fib retracement.
Expecting strong support @ 144.45 which could lead to bullish rebound toward 152.82 level, although a solid break and hold above 149.73 level is needed for confirmation that trend reversal is underway or is just a false break in test.
For continuance of bearish trend, a solid break and hold below 144.45 may serve as signal to open path for further decline toward next major support level located at 139.29
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
EURUSD > Trade AnalysisEURUSD - October 2017 Trade Analysis
Timeframe: 1M
Expecting uptrend to continue toward 1.1910 - 1.2037 levels considering that 1.1744 - 1.1712 support levels hold.
Expect downtrend to begin as price falls below above support levels.
Firm break and hold of 1.1744 - 1.1712 levels will open path toward 1.1612 level.
In longterm, October, 2017 price range expected between 1.1900 - 1.1540 on average.
Closing price at end of month expected @ 1.1720 levels.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
AUDUSD > Levels to WatchAUDUSD > Bearish trend strengthens
Expecting Bearish trend to strengthen wilh firm breach & hold below key support level @ 0.7782
Breach likely to open path toward 0.7571 level
Expect only a firm break & hold back above 0.7848 @ 50% fib, can return Bullish trend.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
GBPUSD - Weekly Trade AnalysisGBPUSD > 10/1-6/17 Trade Analysis
Timeframe: 1W
Believe top of upward trend located at strong resistance level 1.3587 and expected to hold.
From 1.3587, expecting decline to support level 1.3135 in longer term as long as price remains below top resistance.
Should firm break and hold above 1.3587 occur, expect rise to next major resistance level @ 1.3915 but at this time, not expected.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
100 Followers and BItcoin at all time highs!!!Wow, what a beautiful day.
I officially have 100 followers on tradingview. Thank you everyone who follows and PMs me with questions. I'm really happy to share my experience and passion for trading to help other people MAKE MONEY and use more cryptos, which only helps other people get into this market, and make crypto currencies the future!!
ON THE SAME DAY, we hit all time highs. COINCIDENCE??? haha
I've been riding this since 4000, so a nice 10% gain over the week. I know that's not as crazy as some of the alt-coins, but it's always great to keep some money in Bitcoin because it hasn't disappointed us yet.
WHAT'S GOING TO HAPPEN AT THESE ALL TIME HIGHS? Can Bitcoin breakout and make it to 4500, 5000??
We might see a pulback here, and then another attempt to breakout. It often takes 3 or 4 attempts to breakthrough a level. This is only the second time at this level.
We might see a strong breakthrough without a pullback. The more moving averages catch up on more time frames the better. Pay attention to the 9 and 20ema on the daily, hourly, and 15minute time frames. If the moving averages catch up to price on all time frames, then we should see a breakout.
All signs look bullish to me (see my chart for notation):
1. Price is in an uptrend on 60 minute chart and daily chart
2. Price is consolidating nicely under the 4450 level
3. Price is above Ichimoku Cloud
4. RSI got overbought. Many people think this is a "SELL" signal. No, it is a GOOD SIGN for higher prices because it means that there are more sellers than buyers!! Price can stay oversold for a loooong time and keep going up. Just check the chart!
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!! PM me with any questions about my analysis !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.
FXE Successful Retest and BreakoutOn the Daily chart we see a beautiful pattern.
The 113 level on FXE (EURO) has been resistance since 2015.
We've tested that area 5 times. Finally in July, we broke though, came back and retested, and now we are bouncing off of that level.
A beautiful pattern here. The base since 2015 has been forming for 2 years, so this looks like an amazing opportunity to get long the EURO via FXE.
Momentum in the RSI is in a bullish range (over 50) and it hit oversold territory in both April and July. That is NOT a bad sign, that is a GOOD sign that there are more buyers than sellers.
Target: 120, 161.8% retracement of 2016-2017 high to low
Stop: 112, under the 113 breakout level
Reward to Risk: 7:1, Amazing!
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!! PM me with any questions about my analysis !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.
BItcoin Cash FLAG / Pennant PatternON the 60 minute chart of Bitcoin Cash we see a long consolidation pennant / flag pattern coming to a head.
The 200 day moving average is sloping up, and the closer it gets, the more pressure we get for a bounce. Remember, stocks like to bounce off of moving averages.
If price can pierce and traverse the Ichimoku Cloud , then we could get a really big run here.
The longer the consolidations, the bigger the runs and more violent the breakouts, and this has been consolidating since that massive shred on the 19th of August.
ENTRY: .17 Breakout of flag pattern and break through cloud
STOP: .15 under Flag pattern
Target: .20 round number after 25% gain
What will happen at Bitcoin 4000 ?!!! Message me with your questions about technical analysis or cryptos, stocks, options, and futures. I am here to educate !!!
So, WOW, this has been a really fast run from 3000 to 4000.
What do we do when Bitcoin reaches 4000 after a 30% increase in only a week?
I must recommend taking some profits and seeing how it behaves here.
I don't think we'll see a clean break of 4000.
The case for a break of 4000 and STRONG MOMENTUM
I personally don't see upward momentum stopping because Bitcoin is getting more hits than ever on google and there are new reports coming out every day bringing new people to the market.
If we see a consolidation pattern form then we can set our levels, reload, and wait for the breakout.
The case for a pullback and GLOBAL SITUATION STABILITY
If news cools down with North Korea and we get some stability in the stock markets in the coming week, this could combine with people taking profits at 4000, resulting in a sharp pullback perhaps to 3500 (last flag breakout) or even 3000 (multi month consolidation breakout).
If we see a pullback, then I would wait for a support level and stability to reload the position.
BOTTOM LINE
Let's take some profits here, see how things develop, and establish some new levels.
I'll release a new note when that happens.
//o-o\\ God is a concept //o-o\\
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MY TRADING METHOD:
My trades are swing trades - a few days to a few weeks: perfect for people with day jobs.
I use 1H charts and 1D charts.
How do you know the best traders? They use simple methods but understand complex behaviors.
I use Price Action, 14-period RSI, and 9/21/200 moving averages. That’s it.
Successful trading means proper risk sizing and trading small so you can stay in the game AND LEARN!! If you can’t sleep at night, YOU’RE TOO BIG
Hope everyone is making some money! That’s what we are here to do!
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Spoon Formation My friend Dalin Anderson from High Altitude Investing showed me this formation he came up with. Noticed it forming in Riecoin so id be looking for entries
NZDUSD Trade IdeaPrice is in a firm uptrend however we can see a short term decline with 2 failed tests of the bearish trend line.
RBNZ decision may weigh on bullish momentum as marketing wait for Wednesdays decision.
Let's monitor price action to see how things develop over this key week for the NZD!