Greeting and welcome to my journal, yesterday I was busy that's why I was unable to update my journal and create any new trade, day before yesterday I also analyzed at Gold and my predication was correct but I missed to create new trade on that metal, that's why I also missed to get profit from that metal, I hope you guys don't missed that opportunity and get successful profit, yesterday USD Index also created big bearish candle and it started from the top level and I can see from the daily chart, but from the weekly chart USD Index still looking uptrend, so that I am expecting this index will not go downside more, very soon this index will change his moving direction to the upside and will continue to go upside until recaching 94.50 level, so we can stay with USD currency until hitting 94.50 level.
Today there are no more news available on economic calendar because today is off day and today forex market also off, so there are no way to create any trade at any currencies pair, from the calendar I can see today Australia and New Zeeland will change their dailylight saving time, I hope that will not impacted on the market but it will impacted on trading schedule.
Update Information About My Current Trade:
I am again going on big floating losses zone because now GBPUSD pair again truing to the upside, yesterday this pair also not moved well but closed his daily candle on bearish side but day before that day this pair was on strong bullish side and created big bullish candle, If next working day this pair moved on downside then it will continue to do that otherwise we will see more bullish candle from this pair which will give me more losses, but I believe that very soon it will change his moving direction to the downside and I am expecting next week it will go on bearish side.
We know that during weekend where others currencies pair market closed that time crypto currency market remain open and we have opportunity to trade on that currency for making profit, that's why today I am here for making analysis on crypto currency, I hope who are using those currency for trading that trader will get more benefit from my analysis.
Forecast for Bitcoin:
From last few days bitcoin moving to the upside, yesterday this currency also created bearish candle but today this currency strongly creating bullish candle and currently this currency standing near to his previous top level, I am expecting very soon this currency will break that level, if today this currency can break 60000 level then it will strongly move to the upside and will try to break 62000 level, which is previous higher top level and also currently strong resistance level, so there also more possibility to change his moving direction from that level, I am expecting for today it will not change his moving direction it will continue to move to the upside, but if today it change his moving direction and created bearish candle then it will try to break 56000 level and after that it will strongly move to the downside.
My Recommendation On Bitcoin Trade For Today:
Now Bitcoin moving to the upside and today this currency creating bullish candle and also currently this currency standing near to the 60000 level which is now more strong key level for this currency, if today this currency can break that level then we will see more bullish candle from this currency, so for today we can focus this currency for long position and after breaking 60000 level it will be good for us to make buy order, because after breaking that level this currency will strongly move to the upside, but after creating buy order we should not target more then 62000 level, because there are also more possibility to change his moving direction from that level.
Forecast for Litecoin:
Litecoin currently looking strong bullish, from last few days this currency created bullish candle and today this currency also created big bullish candle, I am expecting this currency will continue to move to the upside and will be try to break 230 level, but yes there are also more possibility to change his moving direction from that level, because now that level looking strong resistance level, but for today this currency are on strong position to make buy order, I am expecting until touching 230 level this currency will not change his moving direction to the downside, so for today we can focus this currency for long position.
My Recommendation On Litecoin Trade For Today:
Currently Litecon creating bullish candle and also looking strong bullish, so that I am expecting this currency will go upside more and currently this currency on the good position to make buy order, if we can created buy order now then it will help us to get successful profit because by observation its daily chart I can see until touching 230 level there are less possibility to change his moving direction to the downside, so after enter in this currency we can set our goal till 230 level but yes during opening our buy order we must set our stop loss point at 190 level, because after breaking that level this currency will strongly move to the downside and on that time we can focus this currency for short position, so guys you must be more careful with this currency.
Today's Trading Plan:
Today I don't have any plan of creating any, today forex market also close and I don't like to use any others currency like as bitcoin, litecoin, because those currencies spread too high and for getting good profit it take to long time and I also feel too much risky in this currencies for trading, So I will wait until opening the forex market for create any new trade and yes currently I am focusing gold for trading, I hope next working day this metal will help me to get good entry point and will help me to get successful profit.