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GBPJPY sell NY session Took a sell on GJ Pre NY with a nice push down. As i put on the chart i did not want to be in this trade long term as it is the last week in June and a new month for July in the same week. Also a holiday coming up. Woke up late and was not able to catch London session. Still happy with my profits today. See you all tomorrow for London session. I try to place my SL at BE as soon as possible to avoid any losses. But as a trader I do lose sometimes, but thats just part of the game. Happy trading traders!
Short
by DJFXTRADES
The halving... in perspective. and theory. why does asia sell?We know halving is block rewards cut in half for miners. (do we acknowledge the price still will not be affected until miners refuse to sell for low prices? In my title I mispoke. They do not actually want to dump it. they want to sell into it as much as the others will buy. Are miners selling? well we can see asian sessions are full of selling 9/10 times. most miners an. d whales are in asia and inverse to london and usa bullish sessions. . If I were a miner. I would not hodl when there is plenty of liquidity from people raving about the halving taking us to the moon. (in perspective. the last 2 halving had a prepump high... then a dump to retest lows just before the event. So far an identical pattern and look.) 3rd times a charm? Why would miners sell though? It is their business. times are tough for all and bigger miners can afford to sell much lower than smaller miners. They can effectively run them out of the market for the future competiti.on of the reduced rewards. They could later easily insght a true bull market but rebuying at the bottom. This is just food for thought. I am just spinning my wheels. one thing I am sure of though. bitcoin has always been a contrarion mover. Bakkt/china/consensus/ - dump it. Iran war. pandemic. tether finex FCC case - pump it. Crazy bitcoin. just crazy. maybe it is true what they say about the psychology after all. Good luck. have fun
DERIBIT:BTCUSD.P
by Gunslinger2005
USDJPY: Market Opening Trade Hey everyone, you see right - a new idea! Been busy playing poker and doing some other stuff and not focused on trading so much, but guess what ? we are back! Back with a trading idea on USDJPY hoping right into the market opening. We saw a nice peak high on this pair last week with a divergence happening. Price did break down and now is in consolidation mode pretty much. Maybe we expect a peak to the range for another time and then a price break down. Otherwise it is below the larger trend line and could also break down from here. Lets see - the risk reward is in our favor.
Short
by darian_fx
Price Action On AU / BullishLooking at previous structure of price for AUD/USD I have marked on this chart my higher highs, higher lows for previous bull trend as well as lower lows and lower highs for bear trends (D & 4H) with the rectangle blue boxes January 15 2016 prices reached a low at 0.6829 deep re-tracement a few months later May 2015 20-June 02 Price retraced at 0.7163 never breaking the previous support later that year price also retested that same support level in December 20 2016 - January 3 2017 then began its bullish trend again Current - Price has rejected breaking a strong level of support 0.7328 waiting for a retest of the 0.7360 price before looking to go long on this trade my bullish trend line is still valid
Long
by EddyOneTake777