Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 5x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a BTC/USD Sell, XAG/USD Sell, AUD/CHF Buy, EUR/AUD Buy & a NZD/CHF Sell. I also discuss some trade management. Enjoy the day all. Cheers. Jim
Looking at the monthly chart, we can see that this TOP developer in China with more than 3 decades of experience has finally succumb to its heels with mounting debts and internal management issues that remains unresolved. We already knew the State Government has said they won't be chipping in this time to help prop up the property sectors (not forgetting the local government themselves are mired in heavy debts as well) While the chart shows the price action has reached a support level of 6.56, I remain unconvinced to put my money into this stock or any property stocks in China. Deflationary pressure remains high in this country with escalating high unemployment and many existing home owners are unable to service their mortgage debts. They have resigned themselves to fate and let the banks auction their properties of which the latter also received poor response. Many smaller developers in the 3rd to 4th tier cities have gone belly up and we are not surprised to read news that they are extremely desperate to offload their properties as quickly as possible. I read somewhere that those who owed corporate debts are using these unfinished properties as a way to pay off their loans. So , it is merely passing the baton from one to another. If you are the creditor, you are also in catch 22 position. The debtor has no money but loads of properties awaiting to be constructed - if you accept it and get workers/contractors to build it and sell it , maybe you can collect some money but most likely still at a loss. Will you accept it or sue the debtor and not get a single cent back ?
? Prepare to BUY Spot MANAUSDT (M & 3M Cycle Combination) ? The M & 3M cycles for MANAUSDT indicate a prime accumulation opportunity – A setup with massive potential for long-term gains! ? ? Market Overview: MANAUSDT has undergone a 1050-day correction and accumulation phase since 2022, consolidating at historically low prices. While previous accumulation over the past two years may not have yielded profits, the current timing provides a psychological and financial edge for those who enter now. This is a key moment to capitalize on the opportunity. ? Trade Plan: ? Entry Point: Ideal accumulation zone: $0.44 or as low as possible. ? Target: x5 potential return as the cycles align for a strong move. ⏳ Hold Time: Throughout 2025, allowing the full potential of the M & 3M cycles to unfold. ? Note: Prioritize accumulating within the recommended price range. Monitor key breakout signals and macro market conditions to strengthen your strategy. Patience and strategic buying will be crucial to maximize returns. ? MANAUSDT is at the cusp of a major opportunity – Take advantage of this perfect accumulation phase! ?
Though the price tried to go up yesterday failed midway and came down to grab more liquidity, so I am only looking for sells at the moment till 2720
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? Prepare to BUY Spot CHZUSDT (M & 3M Cycle Combination) ? The combined M & 3M cycles for CHZUSDT signal a powerful accumulation phase – A key moment to enter the market! ? ? Market Overview: After several months of accumulating EMA and WMA clusters, CHZUSDT has now reached a pivotal point, marking the ideal time to start accumulating for the next bullish wave. ? Trade Plan: ? Entry Point: $0.696 or the lowest price possible – The optimal range for building positions. ? Target: x5 potential return as the cycle progresses. ⏳ Hold Time: Approximately 6 months – Aligned with the expected development of the M & 3M cycles. ? Note: Accumulate within the suggested price zone for maximum gains. Watch for further confirmations of upward momentum to adjust your strategy if needed. Patience and a disciplined approach will be essential to fully capitalize on this opportunity. ? CHZUSDT is primed for strong growth – Don’t miss this perfect accumulation opportunity! ?
I am long and going to hold this for some time to see where she goes. assuming it does not hit my stop I basically draw some straight lines. See my previous position on this and it will make sense. When price breaks the imaginary lines, I switch position. This style has been the only consistent way I am able to print money I will buy 1 lot, I will add when we start moving up. 300 pips to a stop loss .5950 Profit target can be 600 pips to .69 risking about $3000 to make $6000 Once we move in the right direction the targets will tighten up do not trade my ideas I am not a professional My risk tolerance might not be the same as your risk tolerance
A part two to my last video that I made on Nvidia going over how steep this next correction could be and what I'm doing to prepare for the next 15 years of innovation that will be driven by Nvidia
This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck! ???
? Prepare to BUY Spot TWTUSDT (M Cycle) ? The M cycle for TWTUSDT indicates the accumulation phase is nearing completion – A prime setup for exponential returns! ? ? Market Overview: TWTUSDT is in the final stages of forming a bottom and accumulation phase for its M cycle. This creates an excellent opportunity to accumulate before the anticipated strong uptrend. ? Trade Plan: ? Entry Point: Ideal accumulation range: $0.97 - $1.27, with priority on buying at $0.97 or lower. ? Target: x5 - x6 potential return as the M cycle develops. ⏳ Hold Time: 6 months or until the end of 2025, depending on the progression of the cycle. ? Note: Accumulate gradually within the recommended price range to optimize entry. Stay alert for confirmation of upward momentum and monitor market trends. Patience will be key to fully capitalizing on this setup. ? TWTUSDT is ready for a significant move – Take advantage of this accumulation phase now! ?