🎉 Happy Nowruz! 🔍 Let's dive into analyzing SNX coin in the weekly timeframe. ⏳ Currently, on the weekly chart, we're witnessing the breakout of a 600-day range. The fate of this week's candle will become clear within the next 12 hours. 🎯 Should this candle maintain its current trajectory, it might be prudent to consider purchasing this coin for a mid-term...
🎉 Happy Nowruz! 🔍 Let's delve into IMX Coin in the daily timeframe for analysis. 📈 In the daily timeframe, after a long-term bullish trend across all timeframes, this coin has reached near its all-time high (ATH), or better to say, it has set a new ATH since its listing on the exchange. 📊 Currently, after hitting resistance at 3.5336, we are undergoing a...
Happy Nowruz! 🎉🌟 Let's analyze this popular forex pair together. 📈🔍💼 Currently, after an uptrend in the daily timeframe, we have reached one of the most significant resistances in this currency pair.📦💡 The line at 151.750 is the most crucial resistance at the moment in the weekly timeframe, and after breaking this resistance, the possibility of starting another...
Happy Nowruz! 🎉 Let's dive into the analysis of XRP, one of the top 10 cryptocurrencies. In the weekly timeframe, we notice a significant long-term trend that we've been monitoring. Recently, we've seen a breakout from this trend, surpassing the support line at 0.5030, and advancing towards the weekly resistance at 0.6622. 📈💼 Should this resistance be breached,...
Let's delve into the EURCHF currency pair together in the daily timeframe 🕵️♂️💼 We've been present in a long-term channel on the daily timeframe, oscillating until recently when we broke and lost this channel 📉❌ Following the break of this channel's ceiling, a bullish trend has commenced, reaching the weekly resistance at 0.96837, indicating a critical zone...
Let's analyze the INJ coin, a popular cryptocurrency, on higher timeframes and daily charts. 📈🔍 This coin had a sharp uptrend after breaking the $7.97 line, reaching approximately 440% growth and touching its all-time high at $52.05. 🚀💰 After this rise, the coin is currently forming a Distribution Zone box. The characteristics of this box include good news,...
Let's delve into the GBP/CAD currency pair as we approach the end of the night. 🌙 On the four-hour timeframe, after a robust uptrend and a test of the daily resistance line at 1.73398, we experienced a rejection, signaling a corrective phase. 📉 Moreover, within this timeframe, we observe a four-hour trend that broke down after the correction. Upon the activation...
Let's delve into analyzing the USDCAD forex pair together. 🤝 On the higher time frame, like the weekly chart, we find ourselves in a range-bound box, as is common in forex market conditions. 📉📈 Currently, we're moving within a Rising Wedge pattern on the daily timeframe, approaching a significant daily resistance around 1.36008. This range also coincides with...
This INDEX:BTCUSD Bitcoin ETF is over-speculated at this time and heading toward resistance at the M top highs of 2021. Interesting that smaller funds have been dumping recently. Best to wait for a correction if this is something you are interested in for long term.
In this analysis I'm going to make the assumption that WLD is trading in a parallel channel in order to construct a trade with a very high risk-reward. Remains to be seen whether WLD is actually going to trade like this, but the trade allows us to take riskier bets with a high pay out potential. The fact that WLD is a relatively young coin makes me believe that...
24-01-30 update AUDUSD Long Entry Entry Price: 0.65700 Stop Loss Price : 0.65300 / 40 Pips Take Profit: 0.66300 / 60 Pips Risk To Reward : 1 for 1.5 Trade Grade: b + -Tagged into trade at same price levels above * Trade Management* A. Risk entry (pending order) B. Take Profit at levels above B2: I might scale the risk off if the market trends in the...
EURUSD Short Trade 24-01-29 *Trade Price Levels* 1. Risk Entry (Pending Order) Pending Order Price : 1.08700 Stop Loss Price : 1.09100 Take Profit : 1.08100 Risk to Reward Potential -1 units of risk for 1.5 units of gain -Note: Needs a win rate or 41% or above to be a profitable trader -Will Track Feb Signal Win Rate A. Will track risk entry win rate and...
GBPUSD Post Trade Analysis 2024-01-29 *Loss* 1. Valid risk entry loss for a valid loss A. Entry Valid B. Point of Interest Valid - 4H A.3 C. Valid Exit 2.What can I improve ? A. - I can input trade concept into Edgewonk Advance Journal Section. - I can add all info, pre trade screenshots, fundamental news - I can improved my fundamental analysis -...
24-01-28 GBPUSD Long Entry Entry Price: 1.26950 Stop Loss Price : 1.26650/ 40 Pips Take Profit: 1.27400/ 60 Pips Risk To Reward : 1 for 1.5 Trade Grade: c- Confirmation Entry Model Using the 15m for lower time frame confirmation
24-01-25 GBPUSD Long Entry Entry Price: 1.26850 Stop Loss Price : 1.26450/ 40 Pips Take Profit: 1.27450 / 60 Pips Risk To Reward : 1 for 1.5 Trade Grade: B Risk Entry with a wider stop loss
24-01-26 EURUSD Long Entry Trade Management Price Levels A. Move Stop loss to a take profit support level on a lower time frame Price: 1.08450 Locked In Risk to reward: + 0.25 % Going to the weekend * Left a bit of breathing room for spreads for sunday opening and to cover my risk if any large news happens this weekend * Signal Price Info Entry Price:...
24-01-25 EURUSD Long Entry Entry Price: 1.08350 Stop Loss Price : 1.07950/ 40 Pips Take Profit: 1.08950/ 60 Pips Risk To Reward : 1 for 1.5 Trade Grade: A- Confirmation Entry Model using technical analysis on a lower time frame
24-01-24 AUDUSD Long Entry on 4H Chart Entry Price: 0.65700 Stop Loss Price : 0.65300 / 40 Pips Take Profit: 0.66300 / 60 Pips Risk To Reward : 1 for 1.5 Trade Grade: b + CONS: - Momentum more bearish + upside down v-shape (price usually likes to continued in the 2nd leg) of the V) PROS: - The price levels have made a solid support zone - Could be lots of...