GBPUSD 12.55 RISK TO REWARD!!!... 😱 Hi traders
Please see our analysis above on GBPUSD where we are expecting to see further bearish momentum.
Note we are cautious that we may see a deeper pull back however as we are only risking 1% per trade we are happy to take that risk given the risk to reward for this set up.
If this entry fails we will get the deeper correction for an even higher risk to reward.
Either way we want to see this melt to the downside.
Let me in the comments below if you are looking at GU shorts and where you think the most sensible entry is.
Trade safely and have an awesome week!
The Fx Chartist
Crytpocurrency
GBPAUD COULD START ITS DECLINE 🔻🔻🔻 Hi traders
Please see our full breakdown of GBPAUD.
We are expecting a bearish reversal here and we have a few trigger points that will allow us to get into the trade nicely and with the correct risk management.
I am not dead set on one target zone but will react to how price behaves at the target zones laid out.
Don't expect a break of the major daily ascending trend quite yet think we still have one more pull back that we can get in on in a few weeks before then potentially breaking this ascending trend.
As always guys let me know in the comments below all and any feedback you have on this breakdown.
Trade safely and have a profitable week!
The Fx Chartist
TS ❕ BTCUSD: sell remainsThe price is still expected to fall towards the support of 35741.35. A small correction up to the resistance line is now a good entry point for the sell.
SELL scenario: Short is expected after a slight rise to the resistance line. The target of the fall is the level of 35741.35.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TS ❕ BTCUSD: short to 33000A drop to 33000 is expected soon. In this case, it is necessary to wait for the signal.
SELL scenario: For a short with the target of 33000, you need to wait for the price to close below the level of 38080.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SHIB/USD Here is an analysis that is being presented in this current time/space with the current metrics of the periods of the token. The market has been tipsy. I think one to many, if you ask me. Going forward the correction has weeded out the garden for the most part. Once the market correct itself, which will be soon, things will be on the Up and Up.
BTCUSD 4 hour chart 2022 - The lull and impatientThis is an amazing time. I see an almost vigilant push by society to accept the next generation of opportunity. This more than anything drives inspiration ad wealth and ideas ad will fill the pockets of many. Here I watch the BTCUSD pair navigate this sentiment. All aspects included.
TS ❕ FTMUSDT: down again This trading instrument is likely to continue its downward movement as well, which takes place within the downward impulse from the level of 3.1756.
SELL scenario: The next sale is planned from the level 2.5310. The best thing to do would be to wait for a confirmed signal. The main point here is that the price does not close above this level. We can consider going short after a false breakout of the level of 2.5310.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TS ❕ ETHUSD: small up tooEthereum is also gradually approaching the resistance area. Now it is assumed that this movement will continue after which we can again expect a downward movement.
BUY scenario: It may be too late to buy, but one can try with a small volume from current prices. The target is the border of the downtrend channel resistance. For the target, although difficult to reach, we can take the level of 2938.00.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
$5 DOT?I've heard it so often. Oh, this "coin" couldn't possibly go that low. And inevitably it goes that low.
What is "that low for DOT?"
$5
Yeah, if we break this bottom line of support then there is a high probability we will hit the bottom of the descending channel.
Honestly, kind of hopping for that capitulation so we can get this downtrend over with.
The Polygon Point money verse mantraThis is the reflection of this massive point of consensus, building up in the marketplace. It's pretty cool and reflects some nice development of the digital organism. Through time, their values should strengthen when patterns form. Patterns are heuristics for Traders. I think when AI is fully introduced that difficulty will disappear. What will remain, as long as humans are involved, is manipulation. I feel like we are watching two giants fighting. The natural flow versus maipulaiton.
This is is it folks! $17 or $33It is important to state that this is on a log scale chart. If you plot this on a non-log the bottom line of support is closer to $17.
With that in mind we are at our strong macro line of support. We break this we're going down to at least $17 in my opinion.
Bullish case: it looks like were in a descending broadening wedge which tends to break out bullish. I expect to at least get a bounce to test the top of the trend at $25 where we will hopefully break and head to $33.
Bear case: I still think we hit the top of the trend line at $25 and we dump hard. Breaking that macro trend line will require some volume.
Either way keep an eye for $25. Look for volume pickup at the break out.
Ultimately we need to break $33. We're in no man's land until then.
BITCOIN TO THE MOON OR TO THE BOTTOM OF THE OCEAN?I can't help but to think, that during covid lockdowns and when the U.S. government was handing out free Monet to individuals. That those individuals were simply using that money to pump the crypt market. Now that we are seeing a dying economy here in the U.S. we are also seeing a dying crypto market? When it cost 2x or even 3x more money to purchase the same goods that once cost drastically less. Then you begin to see more and more individuals start to re think where their hard earned money goes.
NZD READY TO GET OFF THE ROPES...? 🚨🚨🚨 Hi Traders
In this post we have broken down the most recent price action on Nzd/Cad.
I want you to look at this post carefully and really spot all the critical signs that you could have used to get in on the corrections and the next stages of the reversals.
On this pair we are currently still in an impulsive phase and we are waiting on seeing a sign of exhaustion or reversal for an initial correction.
Long term I want to see Nzd really take off but for now we will be trading the correction ands waiting to see what additional price action we get.
If you have any questions regarding the technical analysis in this post let me know in the comments below and I will be sure to make an education post on any question recieved.
As always trade safely and thanks for taking the time to show me some support!
The Fx Chartist