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💥Bitcoin 2022 Roadmap to $19k & $16k#Bitcoin Update🔥 Technically, we are repeating the same movement as in 2017. Bitcoin dropped by -84% from all time high from $19,799 to $3,159. As displayed on the chart, the major zone that served as a strong support was violated and Bitcoin dropped by -47% from $6,000 support to $3,159 in 2017. This same setup is repeating itself. The current bear cycle started in November 2021 . So far, Bitcoin has dropped by -58% from all time high from $68,996 to $29,000. Price has been respecting the major support within $29,000 & $30,000 so far. Just as 2017, support got violated at the tail end, therefore I expect a similar reaction and a drop by -47% or less from major support at $29,000 to $16,000 or $19,000. Not a financial advice🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
5
HOW TO SWING TRADE USING BB - MACD!Today im going to show you how to use Bolinger Bands and MACD together to understand where the price is going. So you can swing trade easily. By the way swing trade is holding assets for profit for more than a day. So this strategy is suitable for novice investors. But you will need practice before applying this to your trading strategy! First of all i do not recommend betting against the market. Do follow the trend when using this strategy. If the trend is upwards do not short the asset. But there can be breakout from the existing trend. Therefore we can also use trendlines to have better understanding of the market. Lets identify indicators that we are going to use then i will explain how to use them to swing trade. MACD measure specific EMAs and their relations. EMAs are mainly 12 period EMA and 26 period EMA. There are 2 lines and 1 histogram on MACD. They are called, MACD line, Signal line, Histogram. MACD line = 12 EMA - 26 EMA Signal line = 9 EMA of MACD line Histogram = Difference between MACD line and Signal line We use MACD to identify trends so we can trade accordingly. If the MACD line is above 0, we are in a uptrend. If the MACD line is below 0, we are in a downtrend. If the MACD line is above or crosses above signal line it is a buy signal. If the MACD line is below or crosses below signal line it is a sell signal. Longer histograms and being too far away from zero line means momentum of the trend is high. These are the basic of MACD. Bolinger Band is easier to grasp than MACD. There is an upper channel and lower channel calculated with volatility and 2 Standard Deviations from 20 Simple of MA line. Generally if the price is closer to the upper band, market is considered overbought and vice versa. If the market is highly volatile bands widen and if volatility is low bands contract. The most important thing about BB is 20MA. Generally price will test 20MA line after it hits the upper or lower band. If price breakout or rejceted from it, trend is established. So how can we combine both of them to swing trade successfully? 1- We have to identify the market trend. We can simply draw a trendline on the chart to identify it. 2- Use 20 MA as entry-exit 3- Look MACD histogram for momentum 4- Use lower - higher band as SL-TP Example; Look at the chart on the left! Feb 04 19, uptrend started and MACD signal buy. But there is no momentum. MACD far away from zero line and price far away from 20MA. Wait until price breakout from 20MA. 1- is the confirmation of trend with momentum rising and price breakout above 20MA line. BB start to widen meaning high volatility. You can enter long trade here since price and momentum rising with volatility. 2- is the upper band of BB. This is take profit levels. If you are seasoned enough you can open short position here with 20MA area TP. 3- Test of 20MA. You can enter short or long here with lower BB being SL - TP. But with MACD signaling sell and losing positive momentum in histogram, short seems to be the RIGHT CHOICE . 4-Price cant hold 20MA. Drop to the lower band. SL-TP zone. If you are seasoned enough, potential entry zone for long trade. TP being with 20 MA zone. Lets take a look at the chart on the right. Same chart, after a couple of weeks from chart 1. There is a clear uptrend that started 09 March 20. 1- At 20 April MACD signal buy but there is no momentum and price was still below MA20. It is logical to wait for confirmation which is the breakout of MA20. 2-Price breakout MA20 after a week. Between 27 April - 05 Oct, there are more than couple times that market offers good entry zones. Between this time, MACD momentum and lines are rising to the positive-buy zone. 3- Price is around upper band for a long time. Could be a TP zone. Price also lost %25 value 2 in weeks. Some people use here as TP zone. But MACD lines and histogram were positive. Price didnt test the 20MA. Also BB is still widening. Meaning high volatility in a bull market. Opening short is not logical here. 4- Last time price touched the upper band. Histogram started to lose momentum. Potential TP zone and short entry. To be honest this seems to be a good point for short trade but didnt work out. Price went up (2. ATH) couple of weeks later with MACD momentum nearly finished. Therefore always put SL-TP with your orders. 5- MACD signaling sell. Low negative momentum. If open short here, it could be like NO.3 on the chart. Wait for confirmation. 6- Price test MA20. After couple of weeks we broke down MA20. Bear confirmed. Momentum rapidly increase to the negative zone. Potential short entry. 7-Price cant hold MA20. Lower BB reached. Possible SL-TP area. So sign from MACD to enter a long trade just yet. 8- Possible long entry with MA20 breakout above. MACD signal buy with low momentum. Therefore wait for confirmation is logical. After a week momentum rises. Long entry seems logical. New ATH for BTC. So in short, Identify a trend! Check MACD for momentum and trend strength. Enter when price breakout MA20. Confirm the breakout before enter! TP-SL at the MA20 and Band limits.
BITSTAMP:BTCUSDEducation
by thegreatwall38
Four trading fears you will have to overcome 😱The stats for retail traders are not pretty. It's no secret around 80% of all retails traders lose money. The reason most fail is the four fears not being overcome. Fear of being wrong! We are emotional creatures and lets be honest none of us like being wrong. This trait shows in some more than others but there is no place in trading for this trait. It's impossible to 100% right all the time it's not even possible being 90% or 80% right all the time. Once the reality sets in your not going to be right all the time we then as traders have fear of being wrong when seeking our trades or strategies. Fear of losing money We all suffer this fear at some point. What we need to understand is all accounts suffer periods of drawdown. I firmly believe the 80% of all retail traders stat is so high due to people losing money and quitting. The reason money is lost is due to poor strategy or no strategy. Once in a whole the fear of losing more will push people away from trading. Fear of missing out It's probably the fear of missing out that led you here in the first place. You see all the lambo's on social media and the life style and fear of missing out is already in play. Then comes seeing what everyone else has profit wise. Then comes paying attention to everyone else and full blown FOMO instead of sticking to your own game. Fear of leaving money on the table. No better feeling than seeing your trades run in profit. The screen is lit up blue and your loving it. But now comes the fear of letting them trades play out. Your leaving money on the table and it's now a fear you'll lose that money. It's one of the biggest mistakes a trader makes! Cutting winning trades to soon and letting losers run for to long. So how to overcome these fears? There's many elements to overcoming the four fears . There's so may and then even sub elements of those. Hence why this idea had the two brainstorm bubbles on the chart of what fears haunt us as traders. Followed by the bubble of all the thoughts you need to take in to consideration as a trader. It's imperative as traders we build a robust tested plan. Sticking to your own plan and lane is crucial. Just avoid others that blur your plan. Losses are a part of trading quicker you accept this as a cost of business quicker that fear of losing money disappears. There is many more on the chart drawing but quicker these behaviours are followed as a trader the quicker the four fears will disappear. Here's to a good rest of the week🥂 Thanks for looking at my Idea Darren 👍
Education
by pow_removetheguesswork
7
Tracking Market Maker Activity Part 5Padawans, If you have been following this series, You will have seen that for the past few weeks, The Majority of Bitcoin Impulse activity has been taking place between 9am, 10am and 11am EST. So what has this Sith(Market maker done) in these 3 hours, He has driven the price, down to support, He will trap A LOT of retail traders short, Not will trap sorry has been trapped. I have indicated on the screen where the Long positions have been built and where the coin is returning to. The trick is the entry, Because although we know where he has built his long Positions , and each of these is a take Profit target. However it leverage trading, so the best entry on the 1 hour chart is as close to the last support level as possible. Shorting Bitcoin here is suicidal.
Long
by Skywalker-thelastjedi
3
PHANTOM TRENDLINE | EDUCATIONAL POST So here are the simple trading rules for the buy setup: Draw a downward trendline If the price breaks the trendline, wait for the retest. If a retest happens, it is better to use a bullish reversal chart candlestick as a trigger to place your pending buy top order just 2-3 pips above that bullish candlestick. If the price decides to go up, your buy stop order will be activated. Place your stop loss(SL) a few pips (5-10 pips) under the low that bullish candlestick. Use the previous chart swing high as your take profit(TP) targets for profit targets.
BINANCE:VETUSDEducation
by IcarusLu
Trader comfort zone journey 🥴➡️😊Let's end the week on a thoughtful note. On the chart is a visual I see the other day that I feel relates to trading massively. It's called the comfort zone map. This can be applied to many situations in a person's life as a generic visual map. But I really do think it represents the journey every trader must take in order to become successful. COMFORT ZONE It's where we all start any journey Sat in the comfort zone not wanting to leave as we dont want to fail or get hurt. Some will stay in this zone forever but will never progress. If you are on TradingView looking at this idea then chances are leaving this zone is already being explored. We all like this zone put you have to take the leap of faith in order to progress. As traders we all have to leave our comfort zone in order to start our trading journey. FEAR ZONE This is the worse zone for any human on any sort of journey but more so for traders. Things are really uncomfortable in this zone and pain will be felt. Mistakes will made, as traders money well be lost but key bit is learn from those mistakes. Plenty of people will turn their backs at this point and jump back into the comfort zone. Those who carry on trying to achieve will have other people questioning what are they doing. Don't let opinions sway you and find a way to find your feet in this zone. You will lack knowledge, You will lack skills at the start but traction comes with hard work and persistence. LEARNING ZONE The traction gained and hurdles overcome in the fear zone leads you to this zone. Once in this zone it's now all in the eye of the beholder. This is now the new comfort zone but don't drop the ball you can end up dropping back in this zone. Now's the time in this zone to really kick on but it can take time. You are now laying the foundations of an exciting future. Take the base knowledge gained and gain even more in this zone. Problems are no longer holding you back as you are able to overcome. You enjoy the challenges and tackle them head on while still learning. Putting the time in here takes you to the next step but also stands you in good stead for rest of lives hurdles. GROWTH ZONE This where the fruits of your labour are felt but not just in trading profits. Mindset and contentment are on point. Due to the above continued learning never stops. Objectives are now smashed. Purpose and fresh identic is now found within yourself. Continued Personal growth as well as financial growth is now a element of life. In this zone the end game is infinite but shouldn't be taken for granted. Hard work has got you here but don't get complacent. Treat everyday as an opportunity to fulfil your life even more in many ways not just money. You earnt the right to be in this zone so enjoy. But be grateful in this zone and take nothing for granted. Stay level headed and with the right mindset this becomes your new comfort zone to enjoy forever. Enjoy the weekend folks and see you next week 👍 Darren✌️
Education
by pow_removetheguesswork
52
TRACKING MARKET MAKER BOTS TP EDITION- MUST READ!!Mater Jedi`s, Sith Lord`s and Padawan`s Tonight I show you in in depth details How I use the Sith Hunter along with other indicators to set up a trade after tracking the Market maker whale bot and using multiple confirmations to confirm whether my idea is correct. The trade is still ongoing. 1. April 18th 11 pm EST the Market maker BOT entered the market. 2. April 19th 10 am the Market maker BOT entered the Market . 3. The RSI on 5 timeframes at this point is super oversold. 4. The coin has broken 5 resistance levels and flipped them to support(Green Lines) 5. The coin has risen 15% in 2 hours as the Market maker is building short positions, Lulling retail traders to Fomo in trapping there liquidity at Higher Prices (Padawan`s this is a fatal mistake). 6. Then I post the signal with my entry band being at the 3rd resistance level and My confirmation is rejection here and I am in at the top because I am waiting. 7. Then you move your stop Loss to entry while u ride that rejection wave down. Because you entered higher, You adjust and take some profit earlier. 9. This is just one method you can use confirmation Trading along with tracking the Whale Bots to create a trade 10. I invite you to read the rest of my series and the indicator is below. May the force be with you Jedi. I am coming for you Sith and my Lightsaber with me.
Short
by Skywalker-thelastjedi
2
Not having a position is also a position - When trading is bad?Every day we start by choosing between long and short. Sometimes you wake up, look at the btc chart - and clearly see your setup. And sometimes you don't see it. But you still saw how many of your friends traded shorts successfully and decide to enter a hostile market. Bottom line: Lost profit, exhausted nerves, stress, a blow to self-esteem. Most traders forget that there is a third option - to stand aside. Let's discuss when such position can be useful and why most people use it so rarely. Pro traders can be split into 2 types: Bulls and bears. They trade for profit only in one direction, because they have a trained eye to see only their kind of setups. When a bull finds himself in a bear market, he either trades in the red or breakeven. The same true for the bear. And yet, even knowing this, the trader continues to trade unfriendly setups. Fueled by success that he carries from his market, he is sure that just a little more, a LITTLE LITTLE more, and he will be able to trade profitably in this market as well. "And if I can trade for profit in both directions, then I will become an absolute terminator and even Warren Buffett himself will personally beg me to share my market forecast with him!" I don’t know if you woke up with such thoughts in the morning, but I definitely had a couple of times. The answer to this phenomenon is GREED (for money or fame). And the easiest way to get rid of such incidents is to write the following rule in your trading algorithm (I hope you have it): • Trading during correction is prohibited. Just one sentence will save you a huge amount of money and help you increase your capital much faster. Instead of losing money trading corrections, it is better to: • Relax and spend part of your honestly earned profit on yourself and your loved ones. • Patiently wait for your market and return to the game. Do this - and trading will bring you much more pleasure, and you will earn even more and enjoy your life! If this article was useful to you, please like and leave a comment so that I understand that it has value to you and will continue to write educational material in the future✌️
Education
by Artem_Dishel
277
How to lose your deposit quickly? Easy to follow Step-By-Step🔥Why am I qualified enough to teach you this? I lost 16 deposits and in 6 years I heard dozens of stories of people who lost their life savings in a couple of months by trading. I have personally tested many of these rules and confirmed that they work. So what are we waiting for? Lets get it started! 1. Trade with maximum leverage There is no need to trifle, the bigger leverage is, the greater your profit will be🤑 2. Don't use stop losses SL’s are for the weak. You probably remember how many times your positions went in the right direction after you closed them by stop loss. Stop losses are evil🤮 3. Average losing positions Everything is simple here - the more you average, the less you lose. That means you can keep going. Nothing ventured, nothing gained🥂 4. Use your last money and don’t be shy to borrow The more money you put in, the more money you pull out. Since you are 100% sure that BTC will grow, take loans not only in banks, but also from shady organizations, do not look at interest - you will repay everything back in a month anyway, and your profit will cover any losses💵 5. Trade only when you have been fired from work, haven't slept all night, your girlfriend/wife has left, or you have quarreled with relatives When everything is bad in your life, it is better to do what you do best - trading. Having earned a lot of money, you will not only be distracted from everyday problems, but also regain confidence and a smile on your face!😉 6. When you closed a losing position, immediately open a new one with double volume to recoup losses You came into trading to win! So win and never admit defeat! You are Hercules and defeating everyone in the market - this is your 14th feat! No step back, only forward!✊ 7. Prioritize Elon Musk's conspiracy theories and tweets over technical analysis Do you already have the conviction that the Illuminati run the market and every time you open a position and the market goes in the opposite direction, the Illuminati move to harm you? If not, then quickly look at your lost trades. You did everything right, but you still lost money. Why is that? Just don't tell anyone...🤫 8. Believe that trading is luck and the odds are always 50/50 This makes it much easier to make decisions. If black has fallen out on the roulette wheel 2 times in a row, then the chances that red will fall out are much greater. Therefore, do not hesitate to go against the trend, probability theory is on your side 💪 9. Stop exercising your body and mind You will need neither a healthy body nor a focused mind in trading. You only need your eyes to see “buy“ and “sell“ buttons, you don't need much intelligence for this. Being in the green zone? The green zone is a myth for suckers who engage in self-deception.😏 10. Quit your daily job Since you already created an account on Binance a week ago, watched a couple of trading videos, sorry, I meant in-depth educational materials, and even have already made a couple of successful trades, then it's time to finally quit that boring job. The road to millions is open, it remains only to take the last step.🤩 11. Manage your friends money Why getting rich alone? Take your friends and family with you. They will be grateful later.🙌 12. Don't look away from the screen until you've regained every last cent. Winners don't walk away with losses. Make sure your deposit has at least doubled before ending a session.😎 13. Never fix profits. If it has grown a little, then it will grow more. Do you remember how you closed the position when the coin grew by 5-10%, and then it rose another 200%? That’s what I’m talking about. Don't close too early, keep trades for the maximum profit.📈 14. Trade at night If you don't have time, don't give up. There is always an opportunity to earn. Even after a hard day at work.🤜🤛 15. Analyze the market on a 5m timeframe and trade on the 1m. Opportunities are always there - the main thing is to be open to them.🤞 I hope these tips will help you quickly drain your deposit down and return to a normal life. If you liked them or you are already using them, please click Like and leave a comment so that I understand that it is valuable to you and will continue to write educational materials in the future.✌️
Education
by Artem_Dishel
32
BTC - How sharks lure fish🐟Now, through the efforts of a market maker, something similar to the Head and Shoulders can be traced on the chart. This is drawn in order to lure inexperienced traders who will be trapped into shorts. However, experienced traders know that a H&S is a reverse setup! Knowing how to spot traps of the market maker is just as important as knowing how to find your formations. This skill will help you better predict future market movements and trade in the direction of wind. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Education
by Artem_Dishel
4
ALL Crypto is Highly Manipulated! Tracking the Market Maker BotsPadawans, All Crypto is Highly manipulated that is a fact, Why because the circulating supply of a coin does not necessarily mean the amount of the coin in circulation. What do I mean by this? The total circulating supply of a coin may not be necessarily on the exchange, it may be in cold wallets, it may be lost, Lots of different factors. In order for markets to turn a profit, they rely on market makers, these are persons with large supply of a particular coin who provide the liquidity. These Market makers keep the crypto market going. These market makers do not sit there all day like us and take trades, neither do they care whether the price of the coin goes up and down. What they do is use very sophisticated Bots to execute trades. These Bots tend to for a period of time, enter the market at the same time on the days that they come. They then change the times and the cycle goes on. However trying to trade with these Bots, sometimes can prove fatal because though they come at the same time, the direction they take may not necessarily be the same. It is best to wait until they leave and then take stock of where they want the market to head. Pull the chart to the left and see the different times the bot has entered the market and see that the times can be correlated.
Long
by Skywalker-thelastjedi
1
The 3 most important levels to knowHey traders! In this video we go over the 3 most important price levels to know to find key support and resistance levels. More improtantly right around these levels is where the most action can take place in a trading day hence they are very important to know! As an example the trade we shared earned us around 50 pips pretty easily and we, at the time of writing, have another 31 pips on that 2nd short we took with you guys live! Hope this video helps and we will go over this in more detail soon! Happy Trading
OANDA:DE30EUR
by PrimedGroup
2
BITCOIN and the 800 EMA- What You should know!Padawans, Bitcoin has been reacting to the 800 Ema since the 24th of January 2022. Most people like to use the 50, 100, 200 day MA`s or EMA`s. However I like to use the 800 day EMA. On the 9th of April 2024, Bitcoin broke the trendline formed on February 24th, it retested that trendline Yesterday on the 10th of April and was rejected. However what I want you to take note of something: If we take a look at the chart we will notice on the 24th of January we had a test of the 800 EMA followed by the evaporation of selling pressure followed by a move to the upside resulting in a green candle On the 24th of February again there was move downwards towards the 800 day EMA, followed by the evaporation of selling pressure followed by a move to the upside resulting in a green candle and a new trendline being formed Take note that with each of the above mentioned events we are forming Higher Highs So what Am I Looking For First a test a retrace to $38735, which is 0.236 of the Fibs and also a convergence at that point with the downward trendline Then I am looking for a wick to make a move downwards towards the 800 ema and if the same confluence of events happen as happened on the 24th of January and 24th of February then, in my mind you will have confirmation of the resumption of an uptrend and is this happens Padawan- Hand me my Lightsaber
by Skywalker-thelastjedi
4
The Most Underrated Technical Analysis Tool - Element of Time !Market timing is an essential tool whether you're a day-trader, portfolio manager and/or long-term investor. I present to you the most underrated technical analysis tool in the space of retail trading. The purpose of this short educational webinar is to open your eyes to something you don't hear about abundantly because it is the most disregarded aspect of trading in my opinion. As an intraday trader, my main focus is on the speculation of "the next daily candle". However, I first analyze and project on "the next weekly candle". Each weekly candle is broken into 5 individual daily candles, and each daily candle is broken down into 3 main market sessions - namely, Asia, London & New York Session. You'll find that my main focus in this lesson is on the day in which you find a lower / upper wick being created on the weekly candle. More often than not, "Tuesday" typically forms the low of a bullish weekly candle, and the high of a bearish weekly candle. I encourage you to mark out the Open of your week, and highlight the swing point on the Tuesday of each week. I promise, you'll start implementing the "Element of Time" in your trading toolbox. Of course this is not a standalone tool, however is helps greatly with the determination of your weekly directional bias. It will also assist with your trade and risk management. It is to up to you to put the work in and infer whatever information you can from this little teaser of an illustration. Let this open up the opportunity for you to exponentially elevate your trading skillset.
Education
by Maroun4x
9
The Power of "W" & its 3 compadres... How to Enter like a ProHi Traders, If you've ever questioned your entry strategy or have entered too soon, or found yourself gun shy and entering after the party is over, then you may find this guide helpful. This isn't a over the top strategy, nor is there any special skill needed to apply it to your trading. I've found personally, that the easier and more simple it is, the better results I get long term. Over the years, I've simplified this down to three confirmations before entering a trade. Yes, you will leave money on the table by not getting in at the exact bottom, but how many times can you count on a hand that you've done that successfully? Probably not many... Of course, this is just technical analysis and it will serve you well to have a "fundamental strategy" for picking the projects you choose to enter in the first place. But after you've located the projects you want to buy, you then can use technical analysis to locate a price point to enter the market. Here are the three confirmations I live by: Confirmation #1: ("W" Pattern) - RSI/ Price action forms a clear "W" pattern. - The two bottom points slant upwards. - You could call this a double bounce/ bottom as well. Confirmation #2: (MACD) - MACD signal line crosses above the histogram. - Signal lines are converging from each other. (Moving apart/ widening) Confirmation #3: (EMA cross/ Final Confirmation) - EMA cross - Price Action crosses above the EMA lines/ ribbon Pretty simple right? Well, you would think so but then comes the mental aspect. Having the mental fortitude to always live by the rules you set for yourself is what separates the pros from the amateurs. You don't FOMO, you don't fall in FUD, and for the most part, you don't listen to others, and especially don't listen to others without doing your proper due diligence. Conducting TA is only one step in the process and in my eyes, it's the second step. You have to have a process for locating projects that are going to present the highest follow-through on the TA you chart out. Bc yes, a lot of false signals can come from set-ups you think would be a winner, to only have the set-up fail on you. This generally comes down to a weak project with weak fundamentals. Hopefully, this was understandable and simple. If you've been around trading for any amount of time, you will most likely heard of all three of these indicators. Good luck!
COINBASE:ETHUSDLong
by MarkStPeter
4-8th April Economic Outlook!Hey traders, Today we're going to be looking through this weeks economic calendar. We're going to look at what data is going to be released and what really is going to be affecting the market. I will also share my bias on the different pairs and the different data being released to see if any of these are going to be tradeable or whether or not we should just kind of stay out of the market during these times of uncertainty. I hope you enjoy this outlook into the week ahead. It's going to be a quiet week compared to recent times unless we get any breaking news coming out of Russia and Ukraine. In terms of economic data releases, it is going to be a little bit quieter than usual. Monday - 4th April We don't have too much happening in our favor on Monday. Here the biggest release is the unemployment change for Spain. While it may move the euro just a little bit, I'm not seeing a whole lot of tradeable opportunity. I think Monday is going to be a lot better just to kind of sit back and watch to see what happens. Tuesday - 5th April On Tuesday, we get a little bit more exciting. We have a fair bit of data being released for us. 🟨 AIG Construction Index Early in the morning we have the AUD, AIG construction index. This index indicates how well the construction industry is actually running at the moment, it's not something we're going to trade, but rather it's good insight as looking ahead into the PMI, into our employment rates and then overall trade balance in the future. It is a good indication of how well the economy is running confined into that construction sector as it is a very large employer in Australia. 🟥 Cash Rate Coming in a little bit later in the day, we have a very large, definitely tradeable event with the RBA rate statement and their overall cash rate. The forecast is for it to remain at 0.10%. I believe this will remain at 0.10%. I'm not expecting any shock announcements. However, in the event we do get a shock number come through, it's going to be a very volatile time and a possible opportunity to be able to catch a lot of pips on the Aussie dollar. If we do get a shock event on this, it will move for a few hours prior to entering into the European market so keep an eye on this release. ⬜ EUR Looking ahead, we do get a lot of services PMI coming out for the euro, but not really looking to be trading that. I'd rather use that as an indication of how well the economy is running, looking ahead into future releases. 🟥 ISM Services PMI The biggest standout is the ISM services PMI for the US dollar. Obviously the market is forecasting growth in the services industry. I'm not too sure how well that's going to stand. It's not something I usually trade. However, given the previous data releases, I'm unsure if it's going to be able to maintain its bullish forecast. We've been told that construction spending is down, the manufacturing PMI, while still expanding has slower growth than what it was first anticipated. Our nonfarm employment change was negative. There's a lot of different areas suggesting that we may not be as hawkish as what the forecast says. So I do expect this to come in a little less than what we're looking at currently but only time will tell. Wednesday - 6th April 🟧 Crude Oil Inventories This is going to be an interesting one. This is something I've been looking to try to look to how it affects the US dollar, but rather something I'm just overly intrigued about given the current circumstances in the world. 🟥 FOMC Meeting Minutes FOMC meeting minutes is always volatile one. it is good to have a look through what the meeting discussed and how it went on. For users that don't know how this affects the market FOMC meeting minutes is a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates. Thursday - 7th April 🟨 AIG Service Index Another AUD index release. We have the construction index earlier in the week, now we have the services index coming out. Once again it's not something I trade, however, it is fantastic insight into retail sales data. When we do get those retail sales announced next week, we can use this services index to give us a pivotal action point on where those retail sales are aiming, which is why I've noticed that in today's economic calendar, it's worth noting because we can make a preemptive play on the retail sales data release. 🟨 Retail Sales The Euro retail sales expecting a little bit of an increase with the overall potential panic buying happening across Europe. It's going to be interesting to see what happens here. We massively missed the forecast in March. However, it is looking like they've been a little bit bearish while still forecasting growth of 0.6%. Banks are no longer aiming for the real high numbers, I think we're going to come in maybe around 1%, but I'm not putting money on that prediction, it is rather an assumption. I will have to do some more research and I recommend you do you same as well, having the services PMI come through this week from all the different countries within Europe is going to be a great insight into how well the economy is actually performing on the retail sales front. Friday - 8th April Nothing worth mentioning on Friday, the week is going to come to a slow stop. As I said, it is a bit of a slow week this week, only a few different data points worth noting, so we will end the week quite quiet. Obviously, we might have a bit more movement on the fundamental side of things next week but this week looks like it's lining to be a great technical analysis trading week. Always keep your eye on the whole Russia and Ukraine situation because anything can happen there and the market will react accordingly. Do keep your news streams live and in depth as you don't want to be caught off guard by anything going on over there. These are personally just my outlooks having a look into the future week. Do note the data to keep an eye on when they are released and of course you can use the TradingView calendar as well to keep note on that. Have a fantastic trading week, I wish you all the best success.
Education
by the5erstrading
💥SHIBA INU UPDATE❕❗Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ As explained in my last idea, I said we need an upward breakout from the falling wedge pattern to confirm a bullish move. Fortunately, price broke upward. On today’s chart, price broke out from a support zone at $0.00002550 and it’s in a pull back to the support. Once the pullback is done, I expect shibainu to start the new uptrend. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Long
by PetrockFxTrading