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Trendanalysisexplained

AUD/CAD: Weak in the price actionAustralian Dollar/Canadian Dollar look that the price doesn't continue climb, but we analyze it that in all timeframe in H1 and H2 look bearish, what we ned to change our mindset to short AUD in front of CAD. I will make this quickly analysis to short AUD as the price make resistance in this grey zone that I draw in H1 timeframe. I entry now in the market price, Stop Loss to $0.8998 CAD and take profit to $0.8914 CAD. I hope that this idea support you1!! I closed up my long position now!!!
Short
by harisonhbn9718
3
AUD/CAD: Bought in the support zoneAustralian Dollar/Canadian Dollar look bullish in H1 analyzing this chart. I believe that the price will continue climb toward $0.9030 CAD. We could to look another opportunity to buy in the Sydney session in Forex market. i will make a leverage x2 as this it's a good chance to find up bought with hope to find up approx. 11.23% in this trade to grow up my account. I put a buy order limit to $0.8976 CAD, Stop Loss to $0.8958 CAD. We see a dynamic Stop Loss in this Forex par. I hope that this trade help you!!! Good luck Also, we're in profit in Euro/Canadian Dollar what we're shorting Euro!!!
Long
by harisonhbn9718
1
CAD/JPY: Change of market structureCanadian Dollar/Yen Japanese could to forming a possible bought continuation, so, as we was in short position, we closed up this trade as we fall it. this movement. But in based my perspective, we don't see short for now and long for now. At the moment, the market it's move to the upside, but in case that CAD get strength, we could see a bought in the following zone that I mark $104.70 JPY and $104.40 JPY, what we need to closed up and keep away of this trade, if I know it, I closed up this short when we see this bullish movement, what I will take this analysis to work better and not focus in H4 becuase the armonic pattern what I show you fall this prediciton what I thinking. But now, analyzing the H1, we found out that CAD/JPY forming a change of market structure like ascending channel and lower high in the price, what mean a possible change of trend. I hope that this idea support you, at the moment, we would need to wait a little more, in case to short this trade,we would need to break-out of the EMA 200 and 2nd support zone on $104.35 JPY. I hope that this idea support you!!!
Long
by harisonhbn9718
2
EUR/CAD: Sell in the supply zoneEuro/Canadian Dollar look that price don't have strength to continue up, but we forming a indecision in the market with a possible market trap for who long EUR/CAD in this point of market liquidation. I don't see long position, by the contrary, we would need to break out this structure of this resistance zone. I hope that this anaysis support you very well shorting EUR/CAD Good luck I put a sell roder limit to $1.3190 CAD, Stop Loss to $1.3244 (-54 pips) and take profit $1.3044 CAD (146 pips)
Short
by harisonhbn9718
5
CAD/JPYl: Bearish Butterfly PatternCanadian Dollar/Yen Japanese look bearish in this point to overview in H1 timeframe, but we're in the supply zone that Canadian Dollar could to weak very strong this week to $101.38 JPY and see a sell-off in this par. I decide to put a short position now in the market price, Stop Loss to $104.93 JPY (58 pips) and take profit to $101.38 JPY (296 pips) The price it's below of the key point to short in the 0.782% fibonacci, a good place to short now and hold this short position. I hope that this analysis support you if you decide to trade Canadian Dollar to sell-off. Good luck!!!
Short
by harisonhbn9718
5
SOL/USD: Bought in the demand zoneSolana look very interesting to long in this point. I will consider this trade to long in this cryptocurrency from $40.10 USD. I put my SL to $36.80 USD, And we could to see 2 targets to watch. The first target will be around $46.60 USD. And my expect 2nd target will be around $50.40 USD. It's look a increase of almost 26% in this single trade. I'm long in Solana now!!! Meanwhile, we're still in this chartist pattern called bearish rising wedge, and also, we could to look a good opportunity to not only short, but long into this consolidation that Solana forming now. In difference that in H4 and H8 we forming a bullish channel, we expect that only the price still up until $50 dollar. The H4 still bullish. So guys, I like to trade in H4 timeframe or above in cryptocurrencies, you can to take a lot time to make anything what do you like, cryptocurrency it's very easy to trade only following the trend, but Forex market, as I know that it's a global financial market, it's very hard and a pure market that you must to read a lot economical news and pay attention what challenges apply the central bank to take decision to change the perspective. And also it's required a lot study continuously.
FTX:SOLUSDLong
by harisonhbn9718
1
Cardano look bearish in weeklyCardano look bearish in weekly chart as we see that we're in the bullish correction before to continue drop. But we hope to find down a good opportunity to short ADA, I believe that it's not far to reach down $0.17 cents, but this it's some possibility to happen. But Cardano could to reach down to $0.27 cents in the next weeks to see. Also guys, buying Cardano below of $0.30 cents it's very good to accumulate ADA in this bear market and preparing your cash to buy this cryptocurrency and hold for ever until reach your own goal. Also, I draw the Cardano logo here and look precious and beautiful my design to present this cryptocurrency for crypto-enthusiastic. I hope that this analysis support you!!!
BINANCE:ADAUSDShort
by harisonhbn9718
1
Bitcoin it's in the key point to short now!!!Analyzing by Daily timeframe, we're in the good point and Bitcoin continue down. What we could to expect it's that Bitcoin continue down and then break-out this chartist pattern to the downtrend direction. I found out that measure the forecast we can to predict that the next goal it's to reach down to $14,600 USD next target to short. Also, I change my past analysis in Bitcoin in H4 timeframe that we're ok shorting from $24,030 USD. But we see in this point a huge opportunity to get benefit in this bear market. If you want to follow this strategy and trade by swing trading, you can to entry now in the market price, because in 3 Daily timeframe, I see the confirmation very clearly that Bitcoin goes to another bearish movement soon. You can to put your Stop Loss to around $26,060 USD. It's a risk of 14% in this trade, but you can to calculate your money management to know the risk and see the benefit. Now, if choose this target $14,600 USD, This could be a benefit of almost 35% shorting Bitcoin. But as I'm shorting from the $24,030 USD, I only extend my Stop Loss to $26,060 USD, And I change my mindset to now take the opportunity to short Bitcoin. This it's the Daily chart and we see this bearish perspective in my plan to make swing trading. I would like to make day trading when we're in the Gold point to short, and when analyzing the macrotrend like Daily timeframe or more, to take best perspective to short and change my strategy to swing. I hope that this strategy support you and take best decision to short in this bear market in crypto. I linked my related idea for more information of my past trade in Bitcoin that I explain that I was shorting from $24,030 USD and also my weekly analysis perspective.
COINBASE:BTCUSDShort
by harisonhbn9718
3
US30. This Move Is Big! If you take a look at at the weekly timeframe you'll see US30 has been in a downtrend since February 2022. Stocks began to decrease significantly taking out 2021 higher lows where most people during the Covid began to invest heavily. Now, in August 2022, if US30 can push past 33,462, the last lower high this could signal a positive opportunity for people who invest in stocks. However, if price shows a bearish signal here, more downside could be seen. I'd like to be hopeful in the scenario this index does present bullish opportunities. If not, it's best to be prepared. I'll be watching this on the daily timeframe. Thanks for reading.
EIGHTCAP:US30
by ShaquanLopez
Bitcoin: Positive sideBitcoin could to ending this ABC correction pattern, but we could to forming an accumulation zone from this zone. But in case that we break-out the resistance of $30k. This could be confirmed with pull back, and if pass this test, then, Bitcoin will return to the bull rally. This it's the positive side only that using some key factor that affect the #Bitcoin price. 1) Inflation rate (Gross Domestic product) 2) Interest rate 3) U.S. Dollar news by Federal Reserve (correlated) 4) Macroeconomic news ***It's very important to read what happen in Forex market (correlated with U.S. Dollar) to know the perspective by medium to long term, and using this fundamental analysis, we could to project the decision on how the global market will work. Anyway, I will make an analysis in the negative side to know if Bitcoin will forming any bearish correction from this point like 2018 when we forming the descending triangle around 6k and drop 50% to $3k on the 4th quarter of 2018. I hope that this idea support you
COINBASE:BTCUSDLong
by harisonhbn9718
Ethereum could to ending this ABC correction patternEthereum could to ending this ABC correction pattern in weekly timeframe what we look an interesting point to view that in based what will be the reaction of Forex market for the next weeks, I can to take a good plan to change my mindset and look possible bought in the new bull rally, but there're some point that we would need to confirm. 1) Fundamental Analysis 2) Technical Analysis 3) Look the sights by medium to long term in based of these first 2 points. Well, I share this screenshot in weekly analysis that we formed an ABCD correction pattern and we have the same measurement using Fibonacci for harmonic. So, in based of the ABC correction pattern, we could to se a new bull rally soon. But, this rally we need to support by negative news in the global economy, with more correlated with U.S. Dollar, look the interest rates, Gross Domestic Product and more macroeconomic data to confirm it that Ethereum it's in the good point to bought. By the contrary, we could to invalided this pattern and in case of more crash, so, we don't ending the bear market. We're in the bear market yet, but using some point mentioned above, you can to take better decision to invest in crypto or stocks. Now, I look that in monthly timeframe, we closed up pretty positive to consider a bought, but I'm interesting to trade and check-out the short timeframe like Daily if we could to see a opportunity to trade Ethereum to long. I hope that this analysis support you!!!
COINBASE:ETHUSDLong
by harisonhbn9718
1