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GBP/USD: New perspective what UK new Finance Minister saidFundamental Analysis: 1) Britain's new Financer Minister Jeremy Hund on Monday scrapped Prime Minister Lizz Truss's economic plan, which had sapped investor confidence in Britain in recent weeks. 2) The British finance minister take decision to reverse most of the government's "mini budget" prompted investor to reassess the outlook of UK interest rates 3) Bank of England comment that they will go ahead with plans to start selling some of its huge stock of government bonds with the first sale due on November 1 2022, a day later than previsouly planned to avoid clashing with a government fiscal statement. 4) Sterling retained strenght as investor sentiment soared as the UK rowed back on its ill-fated tax-slashing mini-budget which had roiled markets. ***5) The boosting sentiment about the tax cuts previously announced by Prime minister Liz Truss, now on today UK new finance minister Jeremy Hunt has canceled nearly all of them fiscal plans that prompted New Prime Minister Liz Truss. 6) As UK government announced the program to cut ta and reduce public spending, there're a potential risk of recession are still growing in the UK economy since 2021, forcing to raise taxes and weigh deep spending cuts. Fundamentally, we see another clue that what New finance minister Jeremy Hunt do. As Mr. Hunt reverse most of the government fiscal plan to help support the fund massive tax cuts with borrowing, as a smart plan to resulting in the UK Central Bank as stepping in to restore calm in the Britain markets. What I comment yesterday, now we see another perspective and very bad what Pound news came out. But now, we have that Bank of England plans to start selling some of the stock government bonds on NOvember 1 2022. What it's look a worry news that not sound good. Technically, we see a possible short position to sell pound based this news that I show up. I will put a sell order limit to $1.1351 USD (in the smart point to sell), Stop Loss to $1.1400 USD and take profit to $1.1171 USD. Good luck!!! I believe that Pound it's the time to put an eye in this perspective to short GBP in Forex pars.
Short
by harisonhbn9718
5
AUD/CAD: ReviewMaybe, this par was very bad when I analyzed, because as I was very focus in H4 timeframe, I was bullish in my first trade in AUD.CAD and the price down ant took my SL and loss -3.12% in this trade, so AUD/CAD continue down. This was my past analysis in H4, but I learn that if this trade look that has a lot support to watch, and also if look very complicated to analyze, I believe that I suppose to analyze better in H1 than H4, because in H1 look very bearish than H4 timeframe. But I fix this analysis in H4 and this it's very simple and classic than using the previously screenshot to analyze it. As I fell in both trade, first in long and then in short. But more in short as I fell in this trade, but as also on Thursday at night, I was in short, but maybe hour of midnight, we see a formation of this bullish evolving pattern and I was liquidated and loss another -3.54% in this trade. Maybe, this trade was not good for me as I made a bad analysis that I will need to work a little more in this par, as if I see a par like this, it's better don't complicated a lot draw, the analysis will be simple and classic what I look to prevent this fell. But now, it's very normal that not always I will get positive streaks, as everyday we learn something new in our life to work better. Nobody born to win, if you don't lose firs and learn of it. So I have a loss of -6.66% in this trade. So, as I had 17.99% in profit during this month. My account using this formula 17.99 - 6.66% = 11.33% in profit during this month on September. So, my earns in this month drop to 11.33%. But not bad!!! So guys, I learn in this par that to make a technical analysis, it's very important to be classic and simple, and not very complicated to trade it as I fell in my first trade that was a good point to look more. And well, if i decide to trade AUD/CAD, well we see that maybe could to continue up after this break-out and look target to $0.8989 CAD. I will add my 2 link of my past analysis in AUD/CAD.
Long
by harisonhbn9718
XRP make correction to $1.49 USD support!!! Now what?I see today that XRP touch my Stop Loss at $1.43 USD, so, unfortunately, we loss this trade, but more important it's that we're bullish. So, XRP form a descendent triangle flag, that it's a bearish pattern if you trade in H1 timeframe, that it's a reversal of the trend to ind down a good zone to then, make a big impulse. So, I believe that Bitcoin too make a correction to $60,000 level price, that it's becuase that Bitcoin and many cryptocurrencies are find down more level price and other make a pull back. Now, I hope an entry in that zone in the $1.50 levels price in H4 timeframe to continue trade in Bybit. I'd reccomend that if you're a beginner to trade Bybit, the most leverage it's until 2x and not more of 3x. A leverage until 2x it's great, but always, we will need to learn that we would need to take a plan to reach our goals in XRP to continue accumulating this crypto a plan. In my first 2 trade I generated like 1,678 XRP and in this trade I loss 543 XRP because XRP touch me my Stop Loss. s3.tradingview.com This it's the H4 timeframe and XRP drop like 12% from $1.80 USD to $1.49 USD. Right now, XRP price it's around of $1.56 USD. As reference, I believe that the most chart to trade it's H4 and just keep this posiiton for longer. I like to trade intraday from H4 in front timeframe. s3.tradingview.com Now, XRP it's still bullish in Daily timeframe Now guys, at the moment, we would need to be out in XRP until XRP show us a good entry in H4, I believe that as XRP form a descenden triangle flag, a correctin was neccesary that XRP find down more leve to buy cheap.
POLONIEX:XRPUSD
by harisonhbn9718
3
Bitcoin it's inevitable to reach up these targets!!!In this analysis, we see in Daily chart that Bitcoin it's prepared to go bullish in medium term. For that, the demand it's grow up a lot in Bitcoin and cryptocurrency. Now, I draw in this timeframe that Bitcoin could to have a parabolic up of 140%, and that it's a bullish signal that we can to see a Bitcoin to long term at $100,000 USD, this it's my gold target!!! But my target it's the $60,000 USD in medium term, for that, I'm so bullish in Bitcoin. And in this screenshoot in this same timeframe, I analyze the elliot wave analysis and as extra confirmation, we see that Bitcoin was end the ABC correction in this elliot wave cycle, and there, we entry in the possible new elliot wave cycle, this it's another bullish signal for Bitcoin in the next weeks. For that, I'm prepare for it. Guys, if you find up an interesting idea in this analysis and support for others a lot, please share this analysis with others traders, people and amateur what trade cryptocurrencies and Bitcoin.
COINBASE:BTCUSDLong
by harisonhbn9718
2