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Trendanalysisexplained

USD/CAD: UpdateU.S. Dollar/Canadian Dollar drag the value in front of CAD. So, in the morning, I made an analysis in my iphone to entry in this short, what I'm in profit too with over 18 pips at the moment of this analsysis. So, i found out this trade marking the 0.618% fibonacci. I entry around $1.2838 CAD In H4 timeframe, the trend come bearish, what I believe that I entry in the good point of this analysis shorting USD. This it's my Daily analysis and I expect a drop to the key support of this bullish channel around $1.2650 CAD following this bad news for the Federal Reserv ethat hike interest rate to another 0.75% more, and the GDP fell to -0.9% and made contraction of the economy, more inflation coming for what the FED do. I hope that this analysis support you. I learn that in based this fundamental news, we could to hope the big event how the U.S. Dollar will make their reaction in front of the financail market, becuase that affect and make impact for another Forex currencies, stocks and cryptocurrencies. Also, it's better to wait the result and then take decision in based the fundamental anaysis when we see a big event, and everyday read a lot and check out the economic calendar. This it's not only you will get a clue, but you will take a better decision to analyze the result and how the market will make their reaction. For that, I was in long in USD/JPY and in profit with over 53 pips, when USD fall and take me my SL. It's better when you trade before of the event, closed up the trades and wait to know their results, ever!!! And take a journal of your forex analysis to take appointment and notes of all event in the financial market and Forex. I hope that thi reflection take an idea in the next event of Forex market.
Short
by harisonhbn9718
1
CAD/CHFAt the moment, Canadian Dollar/Swiss Franc forming a nice bullish rising wedge and could to make an interesting movement that we could to find up long position in the smart zone to bought. As I'm shorting CAD/CHF and I'm in profit with over 30 pips. This analysis look very interesting to have a trade plan. i hope that this idea support you!!! In Daily timeframe, we could to see an interesting chart to look because the candlestick still in this downtrend, and we could to see that price could to move to $0.7380 CHF (Daily strong support) that I show you here. I'm shorting CAD/CHF what I made a comment in my past analysis CAD/CHF to short on Tuesday, what I expect to down, then up as I expect and now the price was in the weak, but now, I'm in profit in CAD/CHF.
Short
by harisonhbn9718
CAD/CHF:short positionCanadian dollar/Suisse Franc look besrish in this side in H1 yimeframe. I put a sell order limit to $0.7480 CHF ,Stop Loss to $0.7501(21 pips) CHF and take profit of $0.7423 CHF (56 pips). Also, I share the H4 timeframe that CADCHF broker down the uptrend line and we're I this corrección in the market. Also we forming a bearish channel in this timeframe what we could to gind up good opportunity itu to short Canadian Dollar. I hope that this idea support you. Remember, FED will make a news about interest rates decision and traders expect that this news becomes bullish in USD. Good luck!!!
Short
by harisonhbn9718
12
USD/JPY:- Bullish butterflyUSD/JPY doesnt for.ed a drop that I hope. What it's mena in this update that USDJPY for.ed a bullish butterfly harmonic ic pattern here. I closed up my short and put in Long in Usdjpy. Around $136.66 JPY. Stop Loss to $136.11 JPY and target to $137.66 JPY. I will update this par when I go back to my home in the afternoon. Because the price action show me a diferente perspective that could to occur in the Usd Please entry in Long now and follow my SL and take profit. We dee a bullish butterfly harmonic pattern.
Long
by harisonhbn9718
1
Bitcoin making us fool. Be carefull!Hello Everyone, thank you so much for giving your time to my analysis. kindly like if you agree and comment you ideas. Now lets start! So, whats happening in BTC is interesting. YES, bears are still in the game. but don't forget, Bulls and Bears, they are same. We are looking at 3 type of chart patterns now in 2H time frame; 1. Descending Triangle : Blue line is making support and btc is forming lower high. Its a bearish trend. 2. Symmetrical Trangle : Light pink color trend line showing this triangle. it can be either bullish or bearish , depending on the market. In either case, it is normally a continuation pattern, which means the market will usually continue in the same direction as the overall trend once the pattern has formed. 3. Uptrend support line : Red line indicating support which was tested 4 times. If BTC break this time, we are going to see a healthy correction . Note: RSI is showing lower low divergence which is bullish. Hence, right now its very neutral situation. I am not taking any trade and will go with the flow. I may open Long or Short if chart shows any confirmation. Safe Trading!!!
COINBASE:BTCUSD
by Mr_Mainra
2
ADA/USD: Weekly Outlook AnalysisCardano still in this bearish trend that could to reach down to $0.24 cents as possible good point to start accumulate this cryptocurrency by long term. But I believe that we could to see ADA around $0.24 cents in the end of this bear market. Right now, Cardano it's above in the support #1: $0.41 cents and important key zone to watch, in case that Cardano get a break of this support, we could to see that the price can to move to $0.19 cents, but my realistic price could be $0.24 cents. But now, if you want to buy Cardano, wait for $0.24 cents. Because I plan to re-buy Cardano. I hope that this idea support you!!!
BINANCE:ADAUSDShort
by harisonhbn9718
6
Double Bottom structure in Bitcoin!!!Hello Everyone, I am sure you all must have seen this structure. Yes, It is Double Bottom in DAY Chart and it shows some hope for upwards movement in #Bitcoin. However, this journey is not that easy for bitcoin, we can see a very strong resistance in front of BTC from the level of 22500 to 24000. Will the buyers have enough strength to break this barrier and make the 24000 a support level? This chart shows my analysis for upcoming days. share your thoughts about this in comments. Weekly candle closing is also very important. if everything is right, than we may see "A morning star" pattern in weekly chart. which will be very important to understand where we are moving with Bitcoin. my positions right now: (Kindly manage your risk accordingly. my recommendations is for spot trading only) First Trade @ 20500 Long; Target: 22250 Stop loss: 20250 Second Trade @ 22250-22750 Long Target: 23500 Stop loss: 22000 Please like and comment to share your ideas. Happy & Safe Trading!!!
by Mr_Mainra
GBP/CAD: UpdateGreat Britain Pound/Canadian Dollar stil in this downtrend. Also I will do this update in this Forex par as this it's a short opportunity that I see in H2 timeframe. Also, my sell order limit around $1.5456 CAD was activated and I'm shorting this par with +20 pips earned for now. Also, the par it's in this opportunity that you can to put a sell order limit to $1.5450 CAD approx. and the same Stop Loss that I have in the box where to say trade information, you can to view my details. GBP/CAD break out this bullish diagonal line and we see a good momentum to short GBP/CAD The price it's into this bearish channel formed in H4 timeframe Good luck if you short GBP/CAD
Short
by harisonhbn9718
5
USD/CAD: My perspective in this movement U.S. Dollar/Canadian Dollar it's look into this bullish channel and right now the price it's into this bearish movement that could to reach to $1.2618 CAD approx just shorting this par. This it's my Daily perspective. Right now, I see a zig zag movement that first we could to long in this gray zone and then sell in the resistance grey zone that I show in these arrow models. But I will going to still pending this opportunity to long USD/CAD around $1.2855 CAD to $1.2940 CAD. But remember, on Thrustday we have an important news in Euro and U.S. Dollar Euro to watch the interest rate and U.S. Dollar to watch the initial jobless claims. I wil lconsider this idea neutral until I see a reacton of bullish sentiment in the gray zone. I will going to analyze another Forex par soon.
by harisonhbn9718