Millionaire
EURAUD Short BiasWelcome to everyone!
Today we share analysis of Euraud.
euraud just creating supply imbalances on lower timeframes and droping down for monthly Demand. Though this drop would be 3rd one but still that demand is strongest area because it had been broken previous supply areas. Lets see what happens now.
so Short bias right now on euraud.
Happy Trading.
EURSGD Long BiasWelcome to everyone!
Today is the time of EURSGD.
As we know eursgd just reacted the previous higher timeframe descending trendline and creater new monthly demand imbalance. by using supply and demand method we earn good profit when we follow higher timeframes.
On another side we have monthly supply area up there where market could reach and retrace back for retesting the levels. So right now we are here with long positions.
Enjoy the weekend.
Happy Trading.
USDSEK Short BiasWelcome to everyone!
Today is the day of USDSEK.
usdsek just reacting the previous strong created supply area and going for short now.
as we know the strength of dollar is getting weaker now.
We always follow our rules and stick with our plan. But no method/plan help us without controling our emotions.
Without proper knowledge forex is just a gambling for the people who try to gain profit from it following by their luck.
So Short Bias right now. This is it. Enjoy
Happy Trading : )
EURGBP Short BiasWelcome to everyone!
Today is the EG time.
Euro is just pushing but price action looks really weak and it is hardest thing to break the previous two strong supply areas.
Due to brexit GBP getting weaker day by day so that causes also that price couldn't make any strong move and went for consolidation. So hope after this small consolidation drops would be happend. So just stick with the plan and Control the emotions.
Happy Trading.
Gbpjpy h4 Technical Analysis by The Forex Scalperas indicated last Sunday it was time for a good retracement for gbpjpy 138,000 is still respected which is a very important key level, which is an indication that this is the possible new '' lower high '' to form a new lower low, may be to continue our bearish path. also in this case it is important to see how the asia / london session is going to form and if we can expect a nice h4 bear engulfing keep in mind if we break 138,000 that we have just entered an entry take the new higher low on the first pullback! to avoid a fake out (liquidity grab)
Bitcoin High on Weekly Supply Curveeventually ,Price has taken out the strong daily and weekly supply area (8100-8499) by the daily Continuation demand pattern (CP) 7882- 7436 which u can spot on my chart.as this level took out the Daily strong supply level,Supply and Demand Rules allows to put buy trade from this CP demand area.
most importantly price has certainly consolidated as it neared the weekly Supply area which will put a strong resistance and allows to counter trade. In this context its is way risky to buy at all. how ever i am gonna add the small lot as the rules permits.
However if the price breaks below the Daily Cp demand Level, theres a strong Cp pattern on weekly chart (5515- 4815) which gives the strong conviction to put buy limit order as our strategy.
3% Possible Gains in the Daily Bounce!As you can see in my link about my previous weekly idea we will have a month of bear cycles, according to weekly Stochastic at risky levels. In this same link you see that I estimate a 30-35% correction. Obviously the price wont get the correction in one single candle, but I am planning to profit from the bounce up every time the market dumps. Please don’t forget to thumbs up and follow for more analysis like this.
On average market make anywhere from 5-7% partial dumps before they consolidate again and dump or pump thereafter. My strategy is first to locate the nearest historical support level (in this case 97.33) I could hedge this short position by going long with my 25% of my total order, however since I am sure that the market will keep on correcting in the mid-term I will not rush to risk myself because even if it pumps a little it will definitely not change the longer timeframe 3 weeks from now.
In this daily chart I am expecting a dump anytime from now up to the next 2 days. I will place 75% of my order at the blue line (nearest historical support level), which coincidentally reflects a 5-7% partial correction. The other 25% of the order will be placed just right at the EMA line, at 93.7.
MACD already showing negative momentum and daily Stochastic is at levels where a reversal is a more plausible scenario (instead of just oscillating at the top of the Stochastic line)
As soon as the orders fill my sell orders will be automatically placed at $99 LTC/USDT.
Thank you. Please comment your thoughts!
25th July 2016 - why I am not a billionaire! Yep - 25th July 2016 - I was asleep. So I missed my chance! LOL. If I had bet on the USD against the Argentine Peso going long, I would probably now be sunning out somewhere in the Maldives instead of hanging out on Tradingview! Chuckle chuckle!
I'm throwing this educational post up, only because I wanted to show that there are so many opportunities out there, that it is impossible for one person to find the most important ones.
I think Tradingview's community is an excellent place for people to share opportunities when they find them early enough. The great thing is that we're not competing with each other. We have a 'common enemy' or 'common cash cow' - which ever way you wanna see it.
This is a call to arms for all traders to cooperate and share more. Let's get richer together!
Best wishes.