Bitcoin looks in a good shape for long trade on Intraday type. As per my V2h3 strategy the coin is trading just above the lowest price line for intraday. It faced resistance on the median price line in the pre london session and went down almost 500 points where it started to find some support. Now after almost creating 4 candles of 15m hovering around the same...
The number of notifications I’ve been receiving is just a small and simple examples to understand the level of sentimental value increased. In my previous bullish idea on bitcoin, I relied more on Fundamentals of it, which played really well. On Technical Levels, it has successfully performed mean reversion on 15,60 SMA 100,200. DOUBLE TOP looks certain if...
The trend lines shows how positively the dollar has respected the uptrend. On W1 & D1 an upside till the last resistance where it can form a double top will be the area of interest and supply. Expecting for a positive US data which will lead to even stronger USD. Expecting 120 pips.
On bigger Tf the gold was extremely bearish with M1 & W1 giving very strong volume to the downside. As 1900 level was a good support what I see is Gold trying to retest those levels before this week ends. LOW RISK trade as the trade is against the trend for my analysis TF. (~2-3%) Target levels and SL as marked on charts. Will update in the Miami Session.
Consolidation phase has been solid for bitcoin for the past 1.5 months. Looks solid for the upside. This upside is not just some Technical Analysis upside, but it is an upside on the fundamentals of bitcoin imo. Looking forward to ride along where it takes me through this week and then maybe another week. Also, D1 MACD is lined up for the potential upside, W1...
In my previous idea on gold, I took a trade low risk & tight stop loss which ended up hitting the stop loss but when as a trader you follow rules which you yourself set everything is going to be fine. I took the SL, then today morning consolidation was already in check, as soon as 2 H1 green candles struck I opened a long this time with greater risk and wider...
I was long for a the whole sept, my previous idea on USD/JPY can be seen how I was expecting it to grow forward and initiated long TF profits. As of now, it is still early to say if Japanese are satisfied with the devaluation or are they going to continue and break the 1 year low, that still remains the question. But meanwhile on H1, D1 as Entry and Analysis...
On h4 and D1, it is looking bearish. H4 confirmation is already in check overnight. 140-150 pips will be easy target. In a day or two days, target levels might hit. Starting with 0.1 + 0.1 lot right now on differential levels. If is drags down, then getting more qty on smaller TF resistance. My overall risk on this trade will be 1 lot max out of 100 total lots.