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Watchlist Midweek Review: Feb 06-10,23Hey there, so this has turned out to be a very interesting week, in that price has really begun to move and the overall market structure is definitely begun to take shape. That being said, the pairs that we will be focusing on for the remainder of the week does offer some significant opportunities and if you would like to know more about how these pairs could set you up for this week, then take a watch, and enjoy. Also, if you have any questions regarding any of the pairs on the watchlist, or any pair in general. Feel free to reach out and I will be happy to share my views, thoughts and opinions. For the most part, I wish you an awesome, and profitable day further. Until next time, keep well and bye for now.
by DeanMuller
1
SPY - basic strategy review for big profits Some of the top strategies I use. But I finally narrowed it down to using only specific one extremely profitable setup that I am currently running sea trials on. More on that below. "Support and Resistance Bounce" This strategy involves buying when the price reaches a level of support and selling when it reaches a level of resistance. The 21 moving average can be used to identify these levels by looking for instances where the price has bounced off the average in the past in confluence with the S/L level - Use Fibonacci retracements or trend lines to identify key levels of support and resistance - Look for divergence between the price and an oscillator, such as the Relative Strength Index (RSI) which could indicate a reversal. “Breakout through Support or Resistance" This strategy involves buying or selling when the price breaks through a level of support or resistance - Look for a high volume of trades at the point of breakout - Looking for a bullish or bearish candlestick pattern at the point of breakout "Moving Average Crossover" This strategy involves buying when the 21 moving average crosses above a longer-term moving average, and selling when it crosses below. This can be used to identify changes in the trend. - Look for a bullish or bearish crossover of the moving average convergence divergence (MACD) indicator - Look for a bullish or bearish candlestick pattern at the point of crossover as confluence. Candles are a language. Become fluent in candle psychology and you will learn how to win. "Trend Following with Moving Average" This strategy involves buying when the price is above the 21 moving average and selling when it is below. Larger gap equals more momentum. This can be used to identify the overall trend of the market. - Look for bullish or bearish divergence between the price and an oscillator, such as the RSI - Look for a bullish or bearish candle pattern at the point of entry either above or below moving average. Pin bars are my favorite! Pin up off of moving average when above calls. Pin down when below puts. "Support and Resistance Reversal" This strategy involves buying when the price reaches a level of resistance and then subsequently breaks through it, or selling when the price reaches a level of support and then subsequently falls through it. This can be used to identify potential reversal points in the market. - Looking for a high volume of trades at the point of reversal - Looking for bullish or bearish candle pattern at the point of reversal - Use the Relative Strength Index (RSI) to confirm the overbought or oversold conditions - Watching for other indicators for example Bollinger Bands to constrict showing consolidation before reversal. Or my favorite strategy of all is this: No indicators. Gap fills off of key levels. Just price action alone. Area of value with close stops equals low risk trades with high profit potential. Trade safe! Have fun! Like, share and follow for more!!!
AMEX:SPY
by Verum0
1
Weekly Review (Ending 123022)This past week was the last week of trading for the year and man, did it feel like it. The first two days of the week, Tues. and Wed., were clean. I noted earlier in the week that I wanted to see 3780 as an objective but, after being wrong analysis, the Daily Time Frame told a different story. It is at Equilibrium, which Price is likely to consolidate. So, with it being the last trading week of the year and Price being at Equilibrium, It was more likely for Price to have a Consolidation Weekly Profile. Green Check = Correct Bias Red X = Wrong Bias Grey Circle = No Bias/Did not trade/Neutral
CME_MINI:ES1!
by FreddyFutures
What happened with the Pound in 2022!The GBPUSD had so much potential heading into 2022, as markets anticipated some possibility of the UK navigating through the Brexit ordeal. The BoE was one of the first central banks to increase rates, BUT YET , we saw the Pound getting pounded down, from the 1.35 price area down to the HISTORIC low of 1.036, with huge speculation that the GBPUSD could even reach PARITY . In addition to what we already know (you can read more about it in the links below) DXY strength Russian-Ukraine conflict EURUSD reaching parity The decline in the GBPUSD was also driven by SIGNIFICANT political chaos. Prime Minister Boris Johnson was replaced in September by Liz Truss, who was replaced in October by Rishi Sunak (A change of 3 Prime Ministers in the space of 2 months) On 23rd September , UK Finance Minister Kwasi looked to boost the country's economic growth by introducing a series of tax cuts, totaling 45 billion pounds by 2026-27. However, the market was spooked by the scale of the fiscal giveaway and the immediate reaction was to sell UK govt bonds. While the FTSE 100 fell to its lowest level since March, the ground gave way on the GBPUSD as it crashed from the 1.1255 price level down to the 1.0360 historical low (23rd to 26th September) Further decline in the GBPUSD was saved by a quick intervention from the BoE as it pledged an unlimited long-dated bond-buying program to restore stability and orderly market conditions. Fortunately for the UK, the rapid change in the Prime Minister, BoE intervention, U-turn in tax policy, and introduction of a new austerity package has had some positive impact on the GBPUSD. In November, the new Finance Minister Jeremy Hunt released a series of spending cuts and tax rises in an attempt to plug the hole in the public finances. The GBPUSD has recovered strongly from the 1.0360 price level in September to reach the 1.25 price area in December. However, the UK pound is not out of the woods yet! Inflation in the UK still stands at 10.7% with interest rates at 3.50%. AND there is dissent within the BoE as the most recent rate decision votes indicated that 2 members voted to hold rates at 3.00% (7 voted to hike). Could the BoE risk a pivot at this point? Is there enough momentum in the current slowdown of inflation growth, that it could reach the BoE's target level? Stay Tuned for the 2023 outlook!
by JinDao_Tai
Year of Parity, the Euro in 20222022 was the year that the Euro fell below the parity level against the US dollar. That means 1 EUR = 1 USD. The last time the Euro fell below the parity level was in Jan 2000 (22 years ago). And that time, it remained below parity for almost 3 years before breaking higher again. Fortunately, on this occasion, the time the Euro spent below parity was considerably shorter, with the price breaking higher, in 4 months. The early 2022 forecast for the Euro had already been a continuation of the downside, given that it had been dropping since 2021 from the 1.24 price area down to the 1.14 level. However, there were several factors that added to the massive decline in the EURUSD this year. In particular, the strength of the DXY, the Russian-Ukraine Conflict, and the increasing concern over the energy supply from Russia. (you can read more about the broad influences on the global market sentiment in my DXY review, in the link below) The European Central Bank (ECB) was considerably late in the game to increasing interest rates, despite inflation climbing in the Eurozone. In July , the ECB raised rates by 50bps (expected 25bps), and CPI for the Eurozone was at 8.6%. However, the rate increase saw little impact as the border conflict continued to weigh on the Euro. The EURUSD was still testing the parity level. As the Euro broke parity briefly, a 75bps rate hike in September saw the EURUSD reclaim some ground, but this was short-lived. As Putin announced a partial mobilisation of the Russian army, escalating and wiping out all hopes for a quick end to the border conflict. This move saw the Euro break the parity level to reach a historic low of about 0.9550. With many market participants expecting an even greater downside. In fact, the Euro was somewhat saved by the DXY. Weakness in the DXY toward the end of September saw the Euro trade between the 0.9550 and 1.00 price level with higher volatility. In October , the EBC raised rates to 2% BUT saw the EURUSD drop significantly following the release of the decision. This was due to the markets anticipating a "pivot" and slowdown in future rate hikes from the ECB. Finally, in December, the ECB raised to 2.50% but the focus was not so much on the 50bps hike. Rather it was on the very hawkish comments from Chair Lagarde, where she highlighted that The ECB saw significant increases ahead Should expect 50bps hike for period of time Anything thinking ECB is pivoting is wrong The Euro currently trades along the 1.0645 price level. Will 2023 see the Euro recover strongly? Reclaiming the high of 2022 or more? Stay tuned for the 2023 outlook!
by JinDao_Tai
5
You've missed these in 2022: DXY This is definitely not a complete list of events that happened for the year, just a snapshot of the highlights. What a year it has been for the DXY, starting at around 96.00 and rose to a historic high of 114.75 before retracing back down again. (In comparison, the DXY only rose from 89.65, up to the 96 price level in 2021) There were many contributing factors to this historic rise in the DXY, and to be fair, a lot of it did not have to do with the performance of the US economy. On the 21st Feb 2022, Russian President Putin signs a decree declaring the Luhansk People's Republic and Donetsk People's Republic as independent from Ukraine, and, despite international condemnation and sanctions, begins a full-scale invasion of Ukraine. A flight toward reserve currency/commodity saw the commencement of the dollar bull, with the DXY quickly climbing to reach the 100 price level 17th March 2022 , the US Federal Reserve begins on its path to hike interest rates, to combat the inflation rate growth (7.9%) Toward the end of April , jawboning from Chair Powell, about a 50bps rate hike saw the DXY rocket upward to reach the 104 price level. In May, with inflation still climbing (8.3%) but GDP now entering into negative territory, the fears regarding a US-led global recession/stagflation begins to mount. June 2022 , inflation is at 8.6% and the federal reserve has just increased rates by 75bps, taking interest rates to 1.75% The DXY broke through the key price level of 105 a couple of days after the rate hike. July 2022, inflation has now climbed to a historic high of 9.1%. The impact of the Russia-Ukraine war is felt, not just from a conflict perspective, but the increasing cost of energy, commodity, and food. The Federal Reserve conducted another 75bps rate hike, with the interest rate climbing to 2.50%. During this period, most major currencies are losing significant ground against the Greenback, especially the Euro and the Yen, causing central banks to embark on massive interventions. Given that the DXY had been climbing from 96.00 to approach 110 in 8 months, the markets were keenly eyeing the Jackson Hole event in August , anticipating for Chair Powell to signal the possibility of a pivot in the monetary policy path. But what we got instead was further jawboning about more rate hikes to come, and a reiteration of the FOMC's commitment to fight inflation growth. This was probably the last straw, as the DXY continued to rocket upward, blasting past 110 to reach the historic high of 114.75 in September, following another rate hike of 75bps from the Feds. Interest rate now stands at 3.25% Toward the end of September, improving consumer sentiment data showed that despite inflation growth and increasing interest rates, the economic performance of the US has been resilient. This provided some market confidence that the Federal Reserve could begin to pivot sooner rather than later, which consequently saw the reversal of the DXY. In October and November, inflation growth begins to indicate a slowdown. However, the Federal Reserve was still increasing rates at 75bps (interest rates were now at 4.00%). But as talk about terminal rates increases and the anticipation for a slowdown in the scale of rate hikes, the DXY continues to trade lower. In December , the inflation rate slows down to 7.1% the Federal Reserve's most recent rate hike was only 50bps, the DXY has retraced below 110 and now trades along the 104 price level. Is this the beginning of the bearish DXY? (Please put it in the comments if I've left out any key events) And stay tuned for the 2023 outlook!
TVC:DXY
by JinDao_Tai
7
EUR/CAD: Review!!!In this review that I want to share you, I see that this trade was a fell in the past week. What maybe, what I don't note it's when the trend still bullish in H4 timeframe, it's ever follow the trend and never going against the trend. But as I mentioned in the past week that EUR/CAD may to weak in the past week that may to drop to $1.3680 USD. The price was climb against what I went in short position. But I take a screenshot that maybe, this could to fix. There was a good opportunity to bought in $1.3770 CAD approx. and going to long position. But maybe as my own advice that I make for me, it's necessary to make a more comprehensive this kind of analysis to analyze it better and prevent to fell again based in this case of study. And it's recommend to use order blocks And also, I mark in a big circle that in the past we see a nice opportunity that maybe we can to got this analysis and entering in short in this kind of analysis forming a bearish candlestick signal. In that analysis, I loss 42 pips as well, this analysis its a case of study to work a little more only in the comprehensive analysis.
by harisonhbn9718
1
Double Bottom Reversal on 20 Yr Treasury BondAfter almost a year since I published this short idea for TLT. The first bounce this summer was quickly snuffed out by the uber hawkish Jackson Hole speech from Jerome Powell when he told the world there was more blood to come. A lot of bulls and bears have been hung out to dry over this year long bear market. I don't know what every one was smoking this summer thinking Crypto was going to save them from the most difficult bear market since 2008. A year long bear market that was testing just how much banks learned from the 2008 housing crisis. Did Jerome Powell actually stave off a global financial crisis. The 10Yr yield is rolling over after pointing to 2008 levels. I'm not convinced the worst selling is over, but the next month up to Christmas is a seasonly strong period. Short term volatility may be in for a post thanksgiving pop like last year, but continues to compress into winter regardless of the bad news. The S&P should be testing the 200D moving average around the time the next CPI prints in Dec. While Volatility lets out the last of the bear market volatility. Skew is not. This should concern anyone with financial assets. Lots of charting ideas coming this Christmas. * IchanOt believe what I heard today. * Santa Clause Rally predictions. * Breaking down what inflation will do next. * Is reading Gamma a reliable indicator. In the mean time, have a great Thanksgiving. If you don't live in Ukraine you have a lot to be thankful for. Peace and Prosperity are far greater than the Put.
NASDAQ:TLT
by SPYvsGME
1
EUR/GBP: ReviewIn this review from November 9 2022, Euro/Sterling Pound was a perfect analysis that I found out when I made this analysis in the past 2 weeks and I was lead by fundamental news that Euro was bullish by fundamental news that I will show you here to recall why Euro was bullish. Fundamental News to recall it: 1) Euro and Sterling Pound rose against he safe haven dollar on November, 7, 2022, supported by a risk on sentiment across market as investors digested positive eurozone data and looked to cash in on the strength of the US Dollar 2) A survey showed on November, 7, 2022 that investors morale in the euro zone improved in November, and reflecting hopes that recent warmer temperatures and falling energy prices will prevent as rationing on the continent this winter 3) Germany should hike taxes on rich to finance relief packages, adviser say-report 4) Germany's economic council less pessimistic than government on looming recession-source 5) German economic will not face as severe recession next year appointment optimistic economic policy that growth 1.7% compared 1.4% based on unexpected third-quarter growth despite inflation and energy supply concerns. 6) Inflation expected to hit 8% this year, but advisers said that inflation's effect on consumer's purchasing power what exceptionally strong price increase are on the way in 2023, a reason for the looming recession. 7) A German newspaper reported that the advisers will recommend the government raise taxes on the wealthy to help finance the multi-billion-euro relief packages it has agreed to fight the energy crisis. 8) Uk Businesses fear gloomy Christmas as cost of living soars. 9) Dollar slips as German bund yields strengthen Euro 10) Marc Chandler (chief market speculation at Bannockburn Global Forex) told in November, 9, 2022 that a steady climb in German bond yields weakened the Dollar on expectations of further European Central Bank tightening, which cut the spread with Treasury yields. 11) Marc Chandler believe that European Central Bank it's about more aggressiveness than Federal Reserve do, focusing in the movement in two year German bunds. He believe that it's not much difference that monetary and fiscal policy it's playing down in the U.S. election than European Central Bank trying to tightening the European monetary policy and tightening in Euro currency. 12) Germany must ask high earners to help with energy relief-economic council 13) A panel of economic advisers said that Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving end while asking high earners. 14) Monica Schitzer (Economist advisers) said that she look an expectations that Germany's pointing out high earners that benefit from a fuel tax cut and a planned gas price brake. She added at a news conference that "increases government debt will likely more than necessary as well as stoking inflation 15) Christian Lindner (First Ministry German Finance) said that government would carefully to examine the panel's report, but he rejected calls for higher taxes. 16) Germany to examine revised European Union debt rules closely 17) Germany welcomes the fact that the European Commission has proposd its changes to EU fiscal rules on debt. 18) ECB Nagel calls for letting long-term rates rise too. 19) European Central Bank should led long-term borrowing costs rise too, as it increases short-term interest rates to fight runaway prices in the euro zone. 20) ECB has been raising its policy rates at record speed but it is still buying bond to replenish portfolio, which has a dampening impact on long-term bond yields. So, fundamentally Euro was in the morale up and optimistic by fundamental news that every news may to support Euro/Pound into a long term to plan to bought bonds yields. That it's a key fact that Euro can to change the trend in medium term as a signal. So, this was a perfect trade without observations as I'm very lead by fundamental news. So, in this trade from past 2 weeks. I got 8.96% in profit that I end this in the past 2 weeks. But was a perfect trade that I found out.
Long
by harisonhbn9718
GBP/CAD: Review!!!What I think about this analysis, was very well. Now, as this analysis that I bought was in the smart zone, I see that was a very good analsis buying GBP/CAD in $1.5892 CAD. That I remember that I made this analysis in H4 timeframe. But I thinking that GBP/CAD forming a bullish channel that right now, we can to see any sell from this point like $1.60 CAD to take in note. And also, in Daily timeframe we're forming this bullish channel, but I want to share my perspective point that GBP/CAD it's ready to down, and we can to udpate this line to monitoring the exact point what GBP/CAD will stop this buy off. As I closed up manually in this trade from Friday that I got 7.04% earned!!! So this trade was very well!!! But this trade look interesting to short!!! Now as I look in H1 timeframe we can to forming a market trap in H1 timeframe that we can to see a market trap. but some carefully in the next week, as I'm interesting to short Now, calculating what I hold up in month ROI that I have 16.57% and plus 7.04%. So I got 23.61% in ROI. This mean that I overpass 20% monthly ROI. So, this week as I have EUR/USD and USD/CAD to review a little more, we can to work this analysis to become more patience when I knew that I was a clear perspective. with the same of GBP/CAD that I see a possible short position in GBP/CAD for the next week. Good Day!!!! So guys, talking about review, every review of my analysis it's show me some things that I can to improve by my evaluation that I do in my trades by real account to test my skills in trading. During this year, I work too much in Forex market the style how I analyze each par. Reviews will help you to get an evaluation to measure your progress in your Day Trading. Apart of cryptocurrencies, as I like more to make a swing trading and position trading to hold those position by long term. For tomorrow, I will make the last EUR/GBP analysis of the past week to know my review and how I did it this trade.
Long
by harisonhbn9718
1
EURUSD: Review!!!So, as I trade this par, doesn't move much, but we see an interesting data that maybe EUR/USD it's in the distribution zone to sell and the movement it's preparing this consolidation to drop. But well, I'm not bullish, I'm still bearish as I made analysis on this week, as I closed up this short position that I got 1.44% earned in this trade. And before of this 3rd trad, I got in two trades 6.89% loss. But as least as I make a small recover of 1.44% earned. So, I reduce my loss in 5.45%. But this trade was very similar like USD/CAD when I made a review yesterday, I will share the some fell point that I found out into my trading experience. Now, as I hold up 22.02% in this month, so I will discount 5.45% in the monthly ROI that I have in my hand. that my result still hold up 16.57% So, first to talk about this trade. When it's suppose that hit my Stop Loss in my first trade, I can to prevent to enter in my 2nd trade and don't trade until analyze very well the analysis as I enter 2 times and those 2 times hitting my Stop Loss and suppose that if I made an analysis in my first trade as my second trade, it's better to wait that this analysis develop their price action until I catch the smart entry. As i my first trade that I enter around $1.0321 USD and hit my Stop Loss in $1.0384 USD This it's the screenshot in H1 timeframe, also, I can to entry to long until $1.0420 USD and I would gotten like 100 pips. But I can't to entry against the trend when we see in H1 still bullish, but in H4 spoke bearish and weak into the trend. But now, there're will be a lot option, entry to long as my first option or waiting that price action develop and then entry in the smart point to short position if I knew that EUR/USD it's bearish in this point. And in my second trade that I enter around almost $1.04 USD and put the Stop Loss n $1.0450 USD and then hit again my Stop Loss. What I most found out in this trade it's be a little more patience when it's talking about the market reverse with some observations that I made in USD/CAD. Also, when talking about when I knew for EUR/USD as USD/CAD that the market will move to the reverse, it's better to wait the formation of price action and be pending of all economic calendar that can to make soundless the movement. Now, as I see that EUR/USD still bearish, we can to entry in this week and make an analysis to know where to entry in the smart point to short again This it's all my review here!!! Also ,I share my new Daily outlook that I made!!! So guys, in few words the only to work a little more analysis that it's about a market reversal it's being a little more patience to catch the smart point and draw the smart point in timeframes to get an excellent analysis and impeccable.
Short
by harisonhbn9718
1
USD/CAD: Review!!!U.S. Dollar/Canadian Dollar was a good trade that at least for me I catch the target profit fix in $1.3400 CAD exacly. What I was in 2 trades to long position when I knew very good that USD/CAD climbed. And also ,I had a loss of -3.58% in my first trade that I enter and hit my Stop Loss very bad, also I put all my update and analysis of USD/CAD in this week. But my last 2 trades I had a earn of 15.52%, what I recover part of my loss and also my extra earns that only my real earned was 11.95%. But I want to share you some observations that I note that I can to work my technical analysis better, when I knew that USD/CAD climbed the price and my perspective was excellent, but I can to work a little more my analysis to share my observations here Everything it's explain in this screenshot!!! So, my analysis in H1 timeframe look good, but I can to work a little more as I explain in the above of this screenshot to improve my entry in the smart point to be my entry a little more precise when I'm very sure that USD climbed. And my Daily analysis, as I predicted very well, pass. In summary, I would have a precise entry if I only draw in H4 timeframe the smart point and also put my buy order limit around 1.3450 CAD and also a little more patience. This it's the major observations that I note to work my analysis like this when it's about a market reversal. The key it's being a little more patience when I knew that my perspective was excellent, and could be perfect, but was almost perfect, the only to know it's study this observations to the next analysis like this. So, as i got 11.95% earned. i will need tu sum with my anothers analysis in EUR/USD and GBP/CAD to get my real results. At the moment, I hold 10.07% in this month and sum it 11.95%. So, I get 22.02% for now. But only one moment because as I had 2 fell trades in EUR/USD and 1 trade with a small eanr, I will need to calculate it very well with GBP/CAD whtat was a partial earns that I decide today to closed up this long position with profits. And also a review of EUR/GBP of the past week analysis that I need to make a review too. So guys, if you like the review111 Notice that every week I will make review to evaluate my trades specially in Forex market.
Long
by harisonhbn9718
EUR/CAD: Review!!!Euro/Canadian Dollar was a pretty well analysis. The first thing it's that my analysis was almost perfect and the second thing it's that my perspective that Euro gotten bullish. So, but there's a point that I will need to request to improve a little more my skills when I knew very good that Euro was bullish by fundamental analysis that I read in the past week a lot. The only to improve it's when Euro it's like very bullish by fundamental news that we see in the past week, it's like a diamond opportunity that we can to get benefit in the movement, but as I closed in $1.3576 CAD and don't hold this position toward my fix target to $1.3656 CAD. I would gotten 153 pips approx. But in this trade I got 72 pips. what represent 3.92% in profit in this trade. So, as I hold 1.13% in loss and then rest it with 3.92% (profit). It's mean that I hold 2.80% in earnings in this month for now!!! That was a very good analysis, if I only I must to improve it's when I closed up in $1.3576 CAD when believing that EUR/CAD will stop in this reaction, but the contrary continued up. Tonight, I will analyze EUR/GBP that was a perfect analysis in my perspective what I got 7.73% in profit to analyze it tonight, as I want to make an intensive analysis in this par.
Long
by harisonhbn9718
EUR/AUD: Review!!!Well ,in this last analsyis of my past week. I made a trade in EUR/AUD, but unfortunately, I loss in this trade 3.76% with my 1.37% in general loss. those it's sum to 5.13% in loss the past week, that in my past week starting in November. What I remember that I was in long position in EUR/AUD and into this bullish setup. So, at the moment, this trade was a little hard as after we had the past week the FED interest rate decision. So, as I enter in November 1 2022 at $1.5424 CAD, that was a bad entry in the higer and it's suppose to entry in the bottom previosuly like $1.5390 CAD levels and then the price go to my direction, at least in the top of this descending line making higher low. But everything it's process of learning edge So guys, in the past week I had in loss 5.13%. But that this not all, as this week I have 2 trade in positive in Ethereum and EUR/GBP that touch my my full target profit. That those trade I will analyze it more later, and also, I'm still in long in EUR/CAD in profit in this week. I have 2 trade that was excellent and I hope that EUR/CAD go ahead .
Long
by harisonhbn9718
EUR/CHF: Review!!!As this week, I traded EUR/CHF into this bullish channel with a bullish perspective from November 6 2022. EUR/CHF goes bullish, and also I had one traded that I entry around $0.9892 CHF, I was in small profit, but I take a better decision before that price make a little drop on November 7 2022 that I was in profit like 22 pips, but I closed up with a small loss of 0.88%. As this was a market manipulation and I was in buy order place later of this movement. But I was in long and my perspective was bullish. But I note that as EUR/CHF moved into this bullish channel, the price make fluctuations between this range. But on Yesterday, I decide to cancel my buy order limit and this trade, as I knew that EURCHF continue up by fundamental news. But now, I see an interesting movement that gave it, EUR/CHF break up the bullish channel and EMA 200, what if I see like learning edge process a short position in the top if this channel, that if traders see this point, it's a good option to short, but as I was in long, so I was bullish in EUR/CHF, but what I found out an interesting resource it's when we're into this channel, it's necessary to mark the precise point where will be the key reaction that the price will respond me Marking a resistance line of key reaction like this. this work in your trading experience. So guys, as I took this trade, it's not bad, it's ok in this trade that I got a small loss like 0.88%. And well, everything it's possible in Forex market and be prepared by experience, make the master. I will add the follwing link to related idea to read my past analysis on EUR/CHF
Long
by harisonhbn9718
CAD/CHF: Review!!!In this review, this was another analysis that I made in the past week. So, when I knew very good that CAD/CHF was dropping with the case like CAD/JPY, both pars are in dropping. And also, I made a very good analysis what I was shorting from Wednesday, October 26 2022. In the short from $0.7302 CHF and my target fix to $0.7230 CHF. Also, when came the interest rate decision by Bank of Canada, Canada currency drop significantly as I knew very good and only reach $0.7242 CHF, it's was so far to reach my target profit with less 12 pips approximately. This was a screenshot that I post in my previously CAD/CHF analysis that my technical analysis was driven by fundamental analysis very good in this formation of this bullish channel, what we canto appreciate a bearish rising wedge in the higher point of this bullish channel. So, when the price up, I inevitably closed up this long position got a small loss of 1.16%. When before I was in profit around 46 pips, but if i would have to closed up the short in the $0.7278 CHF. So, I would got 24 pips in profit at least. But after the price go back to the previously level at $0.7310 CHF. I entry in short again with my iPhone, but until I see that bullish rising wedge when I analyze in my laptop, the price was spoke me that it's bullish strong candlestick that it's moment to closed up again a short position, but the small was so diminutive like 0.07%, very near when I open the 2nd trade that I was going to shorten. So, in total of loss in this trade was 1.16% and 0.07% = 1.23%. And to update more, so, I kept in profit in 8.53%. So guys, I would have to got this profit if only I closed up manually in the pivot of this bottom in this bullish channel. But everything will be a practice. A widely word that I learn it's the following "The practice make the master" But well, it's no so bad these trades, but my experience will grow up through this case and process to be very prepared. I don't feel much anxiety or fear to trades. but my perspective I knew it very good. The only to improve in CAD/JPY and CAD/CHF it's only be pending and very update when occur when i have trades and what the price speak us. So, I have left to analyze USD/CAD, but never goes to my sell order limit, but I see that my perspective was excellent in my another trade that I'm just analyzed. This trade could be another excellent opportunity to take. Anyway, I will analyze making a review to know how the price drop and never goes to my order place when I knew my bearish perspective very well. So, as I made 8.54% in profit and vs the past week, I made 13.67% in profit during this month. So, I made 22.21% in profit. Only the best trades was GBP/USD and Ethereum during this month. Now, I'm currently long CAD/CHF from Friday that I decide to run this trade in this week. So, we hope that Forex market open up soon. I will post in the link to related idea my another review and my currently trades.
Long
by harisonhbn9718
1