1h
EUR/USD 1H setup, if market open continues with a pullback
This setup is based on wave analysis, we got a break of structure to the up side.
Entry points are calculated by fibs and structure probability turning points.
IMPORTANT!!!
Setup expired once price touches the TP.
If there is no pullback and price just goes up to TP
Setup is canceled.
Brakout or Fakeout ?Hello traders , As you can see in the related EURUSD idea I published sooner , I mentioned that IF we had a breakout of structure you can enter a long position ...
But what happened then ? when you see a candle breaks the resistance area , that dose not mean that you can enter a long position . Actually it's the first sign of a long position of course.
you should go through lower time frames to see a Weakness for sellers to enter a long position.
in the next bear candle we can clearly see no Weakness which means this was a FAKEOUT ...
US30 - 1H - DIVERGENCE - SHORTAnalysis:
US30 made rally upside yesterday, with a 2% positive change. In the current situation, that rally is exhausted
and soon will go into retracement as we can see consolidation and divergence taking place in the 1H timeframe.
In the current situation, if we receive any bearish confirmation we will scalp retracement SHORT.
Happy trading.!
Best Regards,
The MorningStar Forex
EURUSD - 1H - SCALPING/DIVERGENCE/RETRACEMENT - LONG
Analysis:
As per our previous analysis of EURUSD above, it hit both TP.
Now looking at the market, it's very hard to predict direction.
But for scalpers, we will advise looking for consolidation and divergence then only take Retracement long.
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Happy trading.!
Best Regards,
The MorningStar Forex
BTC/USDTBitcoin expectedly approached $ 38,000, now a flat is expected until the end of the day, then the decline is likely to resume. A decrease to $ 36,000 is allowed, lower is unlikely. A decrease is signaled by the Power Balance indicator. Consolidation is observed on the daily timeframe, Bitcoin can stay in this state for quite a long time, the Taproot update will take place in November, most likely, the explosive growth of the coin will begin in September. However, other factors can be positively influenced during the summer.
Bitcoin fell along with the stock market after the Fed's statement.
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XAUUSD - 1H - RETRACEMENT ENTRY - SHORTAnalysis:
Gold made a massive downside move as we expected earlier,
Now we'll monitor the situation for a perfect trading setup.
There are two possibilities as per below. Please look out for setup.
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Happy trading.!
Best Regards,
The MorningStar Forex
XAUUSD - 1H - SCALPING/SWING - SHORTAnalysis:
Yesterday Gold made a huge downside movement with 23% retraction, That was a nice entry point for the Short position.
According to the current situation, the price has already broken the support level and tested as resistance twice.
Entry Point for Short Trade: Currently ideal time for entry
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Happy trading.!
Best Regards,
The MorningStar Forex
Gold AnalysisAs you see there is a support at $1874. So we can say there will be two scenarios: if the price trend breaks the support line,the price will decrease to around $1855 ,in contrast , the price will rise up to around $1922. Be cautious! These are only my predictions and everything is possible!
AUDUSD - 1H - Head'N'Shoulder- SHORTAUDUSD is forming up into Head 'N' Shoulder setup. Also looking at USD pairs, we can figure out strong upside movement in USD major pairs. Considering these two scenarios we can conclude there are high chances AUDUSD will be a good option for a short position.
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Happy trading.!