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GBP/USD Forecast | April 22, 2020Hello Traders! Hopefully you took advantage of the HUGE movement that I forecasted yesterday! GBP/USD is respecting the "Head and Shoulders" pattern which means we're going to see big opportunities to make big money. For now, we might have a possible reversal to the upside as prices have reached close to a key area around 1.22235. Markets might continue downward more in order to retest our key area or it might actually start the reversal up. I would suggest placing a "Buy Stop" order at a higher price in case markets do continue upward. Once the bullish reversal is confirmed, I would set up 1st Take Profit at 1.23990, 2nd Take Profit at 1.24230, and 3rd Take Profit at 1.24450. As price continues to increase, you can trail your TP and SL accordingly. Again, markets could continue lower for a retest or this might be where the reversal begins. Either way, with a "Buy Stop" ready, you will already be prepared! Thanks, -ALPHALICIOUS
Long
by alphalicious
1
#Bitcoin Price Prediction ( Daily Update 22/8/2019) Good morning dears bulls & bears this is our daily update for btc , Please read these details we mentioned below this chart carefully. Thank you for your support. What the Different between the expectations and trade with market movement?! Expectation means the feeling or belief that something will or should happen !! In the market, you read chart and from the time frame, movement, cycles, etc, you extract expect for something will happen in further, this not means you have crystal balls of course not, It's just a conclusion from the current movement of what will happen in the future and with that you set marks and limits support what your prediction if movement achieve it you keep your prediction active until price do opposite what you looking for During this moves, you trade with movement and synced your mind with it and that what we doing from $13750 we set as a critical resistance with analysis for drop from it then we set a retracement plan , from $13750 to $9100 we were trading with movement and price was following our plan very well, then from $9100 to $11500/12500 we kept trading movement and with that kept our retracement plan, then from $12500 to $9500 once again , time to continue our plan but btc show price action from $9500 we traded it until $10950 and this was the last update for us about bounce from $10950 (prntscr.com) then btc dips again to $9750 So during this whole movement, we kept our retracement plan active with updates for limits, and the most important thing we synced movement and traded it as we did in end 2017/ and during the whole year 2018 from $19200/15500/12200 called drop to 4500/3600 many times but with that, we were trading with market movement !! until calling rebound and open our signals from $3150/3200/3350/3750/4040 We hope you know now what the difference between the expectations and trade with market movement!! everything we mentioned here already posted on TV you can review them closely. Current movement!! Daily Frame Shows H&S Pattern Symmetrical Triangle Price moves above Lower Trend line Next Hours is very important for btc Breakdown $9100 = selloff and that what we looking for Show a reversal candle with rebound will help bulls to dominate again!! in the end, the market movement will decide everything during that we try to extract buy and sell levels by using TA Current Action: we already setup scalping from $9960/9750 with Risk 2% as a trading for current movement due to this stability above $9750 !! TP1 Achieved during writing this update But after all our view still remain, as long as bears keep btc moves below $10950 Daily in short term In midterm as long as btc moves below 13750 daily/ weekly Ps: Since 15 Aug we set 7 Days for breakdown $9100 time up and BTC move above $9100 ( This time prediction fails) as we mentioned good results we can`t skip false one. $9100 still strong support, yeah we expect breakdown it this time, but if bulls hold again and show another rebound from it, Allah willing we will try to sync it and trade with movement as we doing always. Here is a list for most important resistant support levels for btc for the current range between $5500/19500: Resistances levels 10350/10550 (Local resistance) 4h TF $11150/10950 (Mirror levels) $12000-12500 Daily resistance ( Psychological resistance) $13500/14200 weekly resistance ( breakout weekly confirm more growth ) $16150/19500 Monthly resistance ( Very strong, Fomo levels) Support levels $9500/9100 Daily support ( Breakdown daily = selloff) $7400/6600 ( Strong support Reversal zone) $5500 ( Strong weekly support, Psychological level of the market) Ps: This update for short/ mid-term movement between $5500/13500 to avoid confusion Also, during this movement between $13750/9000, we shared many signals for movement and traded it, as you know we trade only long positions without leverage, so even if we expect dump, we keep trading with the market movement! Ps: we don`t short btc but we analysis bullish and bearish movement to extract the best long entry levels for btc !! also we don`t use leverage in our signals never!! About long term: About our prediction Since breakout $5500?! ( Long Term) Btc moving in a critical range, the whole movement can be a trap or real recovery, but as we said before close above $7500 means btc takes first recovery step, but to confirm more bullish steps, btc still need to move, so putting prediction, with current movement!! it's like gambling, But anyway as long as btc hold above $5500 Monthly we expect more growth for btc and the bullish view will confirm by breaking $13500 monthly (was 11500 we changed it to 13500) due this bad performance on monthly frame After all, you need to know The expectation does not mean imposing what you want on a fait accompli, It's just a conclusion from the current movement of what will happen in the future and not necessarily mean the success of that conclusion, anyway..., the reality and what happens, is the movement on which we sell and buy based on it, not the expectation, so we trade and care about movement more than expectation!! but if btc follow what we expect this will be nice, but if fail to do that we care about movement and how to trade it no more. Our analysis contains two types of updates: 1-short term updates In these updates, we talk about current movement with support and resistance for it and conditions to complete the main trend like this update about movement between $$11500 $13750 2- Mid&Long term updates In these updates, we talk about the main trend and major support and resistance and best buy zones for trend, and retracement levels and ATH targets also we add perdition for the next movement To avoid confusion As a daily trader, you should care about short term updates only As an investor, u should be looking for Mid&long term updates For us as analysts, we care about these two types due to all of them running into one cycle!! Good luck to all. The Wild Crypto™, We ask Allah reconcile and repay
by HamadaMark
6
EURUSD: Closing out short here for small 22 pip profitEURUSD Update Friday Currently Short EUR on this pair from 1.1657 as per last comment but it's not going very well. Fed news was dovish enough to give the pairs some respite, for now at least. Today's low is above yesterday's and it's enough to give the pairs a lift back to 1.16652 again and destroy the 23 pips profit if not taken now. This gives us 23 pips (of stops) to play with for the next trade So am closing out the short at current values (1.1636) and going flat across all the pairs for now to take what few profits are still left on the shorts. Still believe USD has much further to rise but have to accept, looking at price action over last 24 hours, that it probably won't be this week now. Therefore prefer to flatten out across the all pairs and await next clear signal
by sumastardon
XAUUSD LONG 5 WAVE - AB=CDXAUUSD LONG 5 WAVE - AB=CD Pattern analysis suggests AB=CD parallel geometry. Culminating into an eventual long, finishing the second 5 wave it's just started here at The end of September. Looking at an eventual long past the resistance around the month of December - in step with the rate hike, but for now, looking for the bounce off the top red support, going into 3/5 pushing up into resistance leaving a bounce around these levels finding buyers to push up this market past resistance - looking to pop on the 3 or later at the 5, either way, the 3 is coming, the trick is timing.
FX:XAUUSDLong
by NIKTHESACK