USDJPY Outlook - 3rd Target AchievedWhat a move it has been for USDJPY!!!! I had anticipated the market-makers to push the price to 147.000. They managed to push to 145.900 just past my 145.000 zone. Then they WILDLY drove the price down to my last TP at 140.800!!!! This is what happens in the markets all the time!!!!
All positions are currently closed. Profits have been raked in!!! I'm waiting for another awesome opportunity to jump in!!!! What a spot on analysis it has been.
Trading psychology, risk management and patience are critical.
Trendanalyisis
The Proper Perspective on InflationAs any true trader knows, the inflation rate DID NOT GO UP 8.3%. That is what some retail news outlets claimed "year-over-year," which is plain misinformation. The retail news was designed to trigger a panic dump among the less informed last week.
FACT: The rise in inflation started in late 2020, not this year.
FACT: The rise in 2021 went to 7%. But the news seldom mentioned it last year. Nope, it was all about vaccines and Covid, etc.
The inflation rate went down. It has been trending downward at a sustainable rate. Anyone who thought it would be lower was not paying attention. There is a 3-month decline, and it is due to falling oil prices which were constantly boosted upward during August by the big banks trying to move more investors into buying oil stocks. So, with fluctuating prices of oil between 80 - 92, there was NO WAY inflation would tick down to 8.1%.
In August of 2021, inflation had already risen to 5.3%. Now in 2022, it has dropped to 8.3% from the peak of 9.1% in June. So it's 3 points higher than a year ago, obviously not 8.3 points higher.
During the pandemic of 2020, the news about the Federal Reserve Board was all lathered up about deflation, that deflation was about to happen, and the world was coming to an end!!!! Sigh. Some people just have to have bad news to feel good, I guess.
Oil and the war in Ukraine, which appears to be settling down with the Ukrainians taking back what is rightly their country, has lowered oil prices from $125 to 80-90, fluctuating regularly. Oil needs to drop to 70-80 for inflation to move down more.
Slow improvement is how it is going to be. To assume inflation would just drop back to 2% is irrational and illogical.
What is an ideal rate? For an expanding economy: around 4-5%.
See that red arrow? That should be the goal. It probably is not, but it should be. Inflation lower than that indicates a sluggish economy with a lack of raises for the workforce. When inflation is not in the economy, corporations use buybacks to boost their stock prices, which creates fake rallies.
EOSUSDT LONG (2HRS SCALP)Enter the trade after a bull candle bar closes above the line (enter trade), set your stop loss on the line (SL) and take profit using the line (TP1, TP2) or you can adjust your stop loss to take more profit. Thank you.
Note:
1. Do not enter trade if the Candlestick crosses the line, enter only if it closes above, and the next Candlestick is a Bull bar.
2. Remember your risk management or risk ratio, to avoid blowing your account.
3. Wishing you a safe trade.
BALKRISIND - Price Action Analysis Since sept 2021 , NSE:BALKRISIND has changed the price action and started to making lower lows.
So to find more opportunity, we have to understand and take a look from higher TF.
Weekly TF(Higher timeframe) -
As in weekly TF, a bullish trend started from March 2020 has been stopped somewhere in Sept 2021 and trend has shifted.
In between , A rising wedge has been created and after confined break down of Wedge its clearly followed the down trend.
So question is Where we can buy or sell ? well that answer is in daily time frame.
Daily TF -
So we have already witnessed of Rising wedge Breakdown , and volume has also reformed during the breakdown . Price again creates Lower lows and supply zone has been created at 2194 -2240 (approx. 50 point).
BUY Opportunity :
There is a Demand Zone at 1780 -1720 . if price sustains above this zone and stopped making Lower lows that where you can go with the long with small risk.
SELL Opportunity :
if price again reject from define Supply zone then you can get opportunity at sell side as well.
NOTE : Make sure you follow the price action before you entering in any position.
In Conclusion , My observation still at the down side because there is no clear direction of bullishness in weekly TF , if price comes at demand zone at mention level in the chart, there would be higher chances of Reversal so till now you can take action base on price.
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TSLA still in Bullish structureNot a very fun Monday for investors. yet we experienced a much needed correction if the idea is to reach resistance on the dynamic trend line @1036.
The main question after todays close is are buyers willing to cary this across 950?
TSLA could have gone in Free fall after 851 but buyers stepped in even if hesitantly.
Consider that you did not see a Lower Low.
I would expect a fake out to the downside premarket and a retest of the $950 mark.
We will see what tomorrow brings.
Stay profitable
EURJPY > A Very Good Level to Look for A Sell Entry!!Analysis of #EURJPY
The EURJPY in the process of forming a bullish harmonic bat pattern might complete in strong market level 141.00 also a trendline resistance level, makes a very good level to look for a sell entry.
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GBPNZD > Bearish Harmonic Bat Pattern SoonAnalysis of #GBPNZD
the GBPNZD might complete its bearish harmonic bat pattern soon near a strong supply zone to provide a reason to get in a sell entry.
I will wait to see how the market reaches my entry point to decide how I will enter the market.
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SHIBAINU breakout levelwe will have our breakout above the 0.000014 resistant , after we continue holding above our current ascending liner support , and after the breakout from our resistant , we will have 2 profit taking , first around the 0.000017$ , and second around the 0.00002160$ levels .
BINANCE:SHIBUSDT
USDJPY > Strong Bearish Entry May Come Soon!Analysis of #USDJPY
Sorry, another good JPY idea, makes the total of today's JPY analysis total of 4, AUDJPY & CADJPY, CHFJPY, USDJPY
here we have trendline resistance, and a bearish harmonic Bat pattern completing exactly at trendline resistance, to provide a reason to get in a sell entry.
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Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will Fall from our current entry point.
📉 SHORT BTC - Entry Price : $23,680 📉
💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $575, and a minimum expectation of $200. We are looking for BTC to hit the bottom of the liquidity vector created on July, 28th 📆
🕰️ Duration of trade: we are expecting this to occur within 2.5 hours possibly with a spike, or make a steady drawdown, with a maximum duration of 9 hours . We can see a weekend spike or slow drawdown, and then a spike around 4pm EST
Technical Analysis Vocabulary!!!BINANCE:CRVUSDTPERP
Hello guys these are some of the trading terms/concepts I apply when trading;
1. BOS : Break of Structure - when price continues to break previous structure and at the same time continues the current trend. A line drawn from recent structure to the current breakout denotes the BOS.
2. CHoCH : Change of Character - when price changes its trend. A line drawn from the last high (for downtrends) or low (for uptrends) of the previous trend all the way to current price action identifies the CHoCH.
3. Liquidity : The buildup of stop orders residing on a trendline of equal highs, lows, trends, or wicks. This is money that can be taken out.
4. Bullish Order Block/Supply Zone : An area of the market where price fell from - highlighting the last bullish candle before the drop in price.
5. Bearish Order Block/Demand Zone : An area of the market where price rose from - highlighting the last bearish candle before the rise in price.
6. Consolidation : An area of the market where prices were oscillating in a corridor - highlighting indecisiveness in the market for that period of time.
- Joel.
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STCORP : 815% UP IN 2 MONTHSHELLO FRIENDS!
STCORP has proved itself as a MULTIBAGGER stock as per our analysis. It has given unbelievable 800% with 1:24 RISK - REWARD in just 2 months and going up with rising volume which is a great sign of BULLISH MOMENTUM. It should reverse around this level for 50% correction but if it does not reverse around this level, it may go higher to 3400 - 3500 level at which our profit may be massively 90x.
that is 9000%. This is not 100% but a probability. High probability for this level is for a correction.
SO LETS WAIT AND WATCH.
I hope you all are learning from my analysis videos -#POWER_OF_MOMENTUM