EN and GN still bias on downside...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Bias still on the downside, bounce would be coming but likely to still look for shorting opportunities for this EURNZD and GBPNZD
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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Disclaimers:
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Analysis
USD approaching a key level + trendlineHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Could see some retracement upwards, though generally i am still bias on the downside for USD.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
Request Any Instrument - Celebrating 3k Ideas on TradingView🎉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🎉I am thrilled and grateful to announce that we have reached 3,000 ideas on this amazing platform.
Your support, engagement, and feedback have been invaluable in making this possible. It is an honor to be part of such a talented and passionate community of traders and investors.
📌To celebrate together, feel free to request any instrument (crypto, stock, forex...) in the comment section of this post.
I will analyze it as soon as possible and post it as a reply to your comment.
____________________
I want to express my heartfelt gratitude to each and every one of you who has followed my profile, liked my posts, shared your insights and ideas, and left comments.
Your contributions have made TradingView a vibrant and supportive community, and I am proud to be a part of it.
I look forward to continuing to share my trading insights and analysis with you, and to learn from the incredible expertise and experience that you all bring to the table.
Thank you once again for your support, and here's to many more successful trades together!
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTCUSD Analysis (18th May 2024)
Crypto Analysis (18th May 2024)
BTCUSD Analysis
on the 4 hour timeframe, Price action has just taken out an inducement level at the 67086.61. Right above that level is a Bearish 4 hour OB.
So there are 2 scenarios that could play out for BTC.
1) price taps into the OB at the 67515.19 - 68849.81 level and rejects it, creating a 15 minute Change of Character to the down side. If this happens, i want to see another 15 minute bearish BOS to confirm the rejection off the 4 hour OB before shorting.
2) If price continues bullish and breaks past the 68449.81 level with a body candle close on at least the 1 hour. I will be looking for a break and retest for price to continue higher, targeting the 70280 level.
EUR headed down? USD Strengthening? We'll see next week.EUR Dropped slightly on Friday morning, coming down to a low of about 1.08362 trying to break support structures. However the bears couldn't quite get past it.
Per previous predictions based off of various data, we did see a retrace back up consolidating for the end of the week below the high.
This will likely become become a new Support or Resistance structure later on as we likely move back down.
Analysis for the 5 Minute timeframes show that we very well may come back down to continue a down trend, making occasional retracements.
As DXY show, the USD did come to a low of around 104.086 before making a higher low, consolidating into a new possible support structure.
However SPX500 and DJI did break highs, so this may show decreased interest in the USD, which will impact the USD negatively.
Keep an eye on news reports Sunday as the GBP monthly HPI releases along with CNY reports, which will impact the USD value.
Small piece of information for any new traders still trying to get a handle on things:
Remember that geopolitical news and daily ongoings will impact currency values.
Things such as Corn, Cattle, Crude Oil, Precious Metals & more all affect currencies.
Keeping an eye on these things will help determine where values are going.
Keep an eye on these websites to track news for Forex, Metals and Cryptocurrency.
www.forexfactory.com
www.metalsmine.com
www.cryptocraft.com
And here's a Correlation map for Currency pairs.
www.mataf.net
Good Hunting Traders.
S&P 500 FORECASTThe current bearish trend is projected to reach 5280 and 5266 if the price remains below the pivot point at 5300. However, if it breaks above 5300, confirmed by a 4-hour candle closing above this level, it could potentially target higher levels at 5311, 5328, and then 5345.
Key Levels:
Pivot Line: 5300
Bullish Lines: 5311, 5328, 5345
Bearish Lines: 5280, 5266, 5220
EURUSD retracing down?EUR started retracing down early this morning after hitting the ceiling from this weeks high.
The D charts are showing a bearish move making a retracement to possible around 1.07730
& possibly lower on the 1HR timeframes.
And around 1.07280 possibly on the 4HR timeframes.
With EUR CPI report this morning at 5am along with other EUR news being Neutral. We could see a down trend all day until market close with the occasional retesting of key levels.
Good Hunting Trader.
o7
Fundamental Market Analysis for May 17, 2024 USDJPYThe Dollar-Yen pair rose to 155.900 during the Asian session on Friday as the Japanese Yen (JPY) faced fresh pressure. This was due to the Bank of Japan (BoJ) maintaining its bond purchases from the previous operation, abandoning an unexpected cut in debt purchases earlier this week.
Traders speculate that the BoJ may cut bond purchases at its June meeting. BOJ Governor Kazuo Ueda also said there are no plans to sell the central bank's ETF funds.
In an interview with Bloomberg, former BoJ chief economist Toshitaka Sekine suggested the BOJ could raise the benchmark interest rate three more times this year. Sekine noted that the next move could come as early as June, given the significant scope for adjustments to the current "excessively" accommodative settings.
According to Reuters, Atlanta Fed President Raphael Bostic said at an event in Jacksonville on Thursday that interest rates should be patient, noting that significant price pressures remain in the U.S. economy. In addition, FRB Cleveland President Loretta Mester noted that it may take longer than expected to confidently determine the trajectory of inflation and suggested that the Fed should maintain a restrictive stance for an extended period.
Trading Recommendation: On consolidation above 155.800 we consider buying, on rebound we take Sell positions.
The 3-Step Method For High-Quality AnalysisIn this video I give you the 3-step method I use to do my analysis.
By incorporating these steps, it is also how I do my top-down analysis. You can think of it as a checklist as well.
First, I have my Bias, which determines where I believe price is drawn to. For example in the case of SMC/ICT Concepts, we observe where the liquidity is in the market and use that to frame where price is likely going to go to sooner or later.
Secondly, I have my Narrative, which is on a lower timeframe, and paints the picture of HOW price is going to form in order to initiate the move to that price target. This usually includes more engineered liquidity on lower timeframes, and manipulation to happen.
Thirdly, I have my Confirmation, which is where I want to enter a trade. This is the lowest of the three timeframes, and is the final point in which I will frame a trade setup. Usually I will look for the exact same things I look for in my Bias and Narrative, but on this timeframe. I also tend to include the factor of time, such as Killzones, Seasonality, and News Drivers.
Note that the timeframes can be anything you want them to be, and you are not restricted from moving from timeframe to timeframe. But, the important thing is to be consistent with WHERE you believe price is going, HOW you think it may get there (this can change as price forms), and again WHERE you are going to enter a trade.
- R2F
Dow Jones Industrial Average Futures Short-Term Video Idea#DJIA EASYMARKETS:DOWUSD
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
#GAMESTOP IS NOT GOING TO STOP!GameStop Corp (#GameStop) video game store chain shares soared by 46% during Monday's trading on the New York Stock Exchange (NYSE), reaching $25 .
The surge didn't stop there, as on Tuesday the price reached up to $60 per share! Wednesday opened with a sudden downward gap, but by the end of the session, the price confidently recovered to $40. What will happen today?
The rollercoaster ride repeats itself with this stock after the sudden return to social media by YouTube streamer Keith Gill, known as Roaring Kitty. He posted a mysterious message on the X service (formerly Twitter), showing that he's always in the know. Gill's post garnered over 8 million views within hours of its late Sunday posting, marking his first post on the account since June 2021.
The surge in stock prices led to a so-called "short squeeze" - a situation where investors betting against the stock and opening short positions are forced to buy stocks as their prices unexpectedly rise, contrary to their expectations. This situation further fueled the rise in shares, which appreciated by hundreds of percent. As a result, funds betting against the company's stocks lost billions of dollars. Giacomo Pierantoni, Head of Data at Vanda Research, stated that the overwhelming majority of demand for shares now comes from retail investors. It seems that, as in January 2021, investors are betting against those shorting GameStop Corp (#GameStop) shares, notes MarketWatch.
USDJPY SELL | Idea Trading AnalysisUSDJPY returned to the ascending channel and reached the dynamic support.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
EURUSD Higher after US CPI but Policy Dynamics to WeighWednesday’s US CPI report showed a moderation in price pressures in April, following months of persistence, with headline inflation easing to 3.4% y/y and core to 3.6% y/y. Along with the miss in retail sales, markets strengthened their pricing for two rate cuts this year by the Fed, staring in September.
The greenback fell as a result, sending EURUSD to the highest levels in nearly a month. this bring the March peak in the spotlight (1.0981), but we are cautious around the ascending prospects.
US Inflation remains far from the 2% target, which along with strong economy and robust labor market have raised the bar for a Fed to pivot, leading policymakers to higher-for-longer narrative. Their European peers have made more progress on moderating price pressures and the economy struggles. As a result, the ECB looks more ready to lower rates, having hinted at a June pivot.
The monetary policy differentially is likely to cap the upside and put pressure on EURUSD. Along with overbought RSI, there is scope for a retreat towards the EMA200 (black line). Daily closes below it would shift bias to the downside and make the common currency vulnerable to the 2024 lows (1.0600).
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
GBPAUD iin the box right now, but could be interesting later onEASYMARKETS:GBPAUD
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Trade Like A Sniper - Episode 7 - ETHUSD - (16th May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing ETHUSD, starting from the Monthly chart.
- R2F
#SWSOLAR Closed Above its All Time High Long-Term Opportunity KEY HIGHLIGHTS FOR FY24
Unexecuted order value at INR 8,084 crore as of Mar 2024 compared to INR 4,913 crore as of Mar 2023
Company has received new orders / LOI in two projects worth -INR 488 crore during the quarter including being declared L1 for a second floating solar module project in the country
Company received its second international order in Q4 from Enfinity for a BOS project in Italy amounting to EUR 20 mn
We have received total orders/LOI in 13 projects worth INR 6,023 crore in FY24 compared to new order inflow of INR 4,387 crore in FY23
P&L of the company has begun to revive in FY24
Consol revenues up -51% YoY
Achieved positive consolidated EBITDA in FY24
Domestic EPC gross margins continue to operate within our target range
Achieved PBT/PAT profitability in 4QFY24
Rationalization of overheads continue to progress with FY24 overheads at -INR 333 crores compared to -INR 382 crores in FY23
The company has significantly de-leveraged the balance sheet in FY24
Total net debt of -INR 116 crore, compared to net debt of-INR 1.966 crore in FY23
No upcoming debt repayments till 3QFY25
BNB 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, in this situation we can see how the price is moving in a sideways trend channel, staying below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = USD 579.2 at which the price struggles
T2 = $605.9
T3 = $623.6
AND
T4 = $648.3
Now let's move on to the stop-loss in case of further market declines:
SL1 = $570.1
SL2 = $539.4
SL3 = $518.2
AND
SL4 = $491.50
SPY simple chart analysis: following previous post ideaElliot Wave finished forming the A of ABC correction just on the fourth wave of giant minor E.W. D1 t.f.. Two sets of abcde waves finished and builded a complete smaller abc correction, giving open doors for a bullish momentum.
Trend still can continue until 300% of E.W. fibonacci.
fibonacci is between the 0 and 2 of E.W., starting from 50% instead of 0.
It already passed atractive channel giving opportunity for sideways.
Note: I sugest to not take this trade if you are starting it😋.