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GBP/USD's Rise Outlook, Targeting 1.2500 Resistance LevelThe British Pound (GBP) extended its gains to 1.2480 in Thursday's European trading session. The GBP/USD pair is experiencing a period of heightened increase, propelled by a strong adjustment in the US Dollar, alongside growing expectations that the Bank of England (BoE) will postpone interest rate cuts. The GBP/USD pair is rebounding from the 1.2400 level and focusing on surpassing the psychological resistance level of 1.2500. The Relative Strength Index (RSI) is currently trading above the 60 level, a positive sign indicating that GBP/USD may continue its strong growth trajectory in the near future.
by Stephen_Anders
Daily Checklist Before The Market Opens | Oct-31 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍 Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace. Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉 This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏 The rationale of my analysis is detailed on the chart itself so you don't need to look up and down. Below you will simply find the results of my process applied to other four relevant markets I always check before I trade. Trade well! OIL: NYMEX:CL1! 1️⃣Market CLIMATE 🎯Current: UP 🎯Confirmed: YES 🎯Stats: 4 out of 6.71 2️⃣Buy and Sell UFOs 🛸Sell UFOs: 105.24-100.89 🛸Buy UFOs: 87.14-81.30 3️⃣Options IV: 47.81% 🚀Daily Expected Move: ±2.62 🚀Weekly Expected Move: ±5.76 🚀Monthly Expected Move: ±11.99 GOLD: COMEX:GC1! 1️⃣Market CLIMATE 🎯Current: DOWN 🎯Confirmed: YES 🎯Stats: 1 out of 5.8 2️⃣Buy and Sell UFOs 🛸Sell UFOs: 1679.4-1641.2 🛸Buy UFOs: 1650.3-1621.1 3️⃣Options IV: 18.01% 🚀Daily Expected Move: ±18.63 🚀Weekly Expected Move: ±41.00 🚀Monthly Expected Move: ±85.36 DOLLAR: ICEUS:DX1! 1️⃣Market CLIMATE 🎯Current: DOWN 🎯Confirmed: YES 🎯Stats: 6 out of 5.36 2️⃣Buy and Sell UFOs 🛸Sell UFOs: 113.835-111.335 🛸Buy UFOs: 106.840-106.180 3️⃣Options IV: 11.89% 🚀Daily Expected Move: ±0.83 🚀Weekly Expected Move: ±1.83 🚀Monthly Expected Move: ±3.81 BITCOIN: ICEUS:BTM1! 1️⃣Market CLIMATE 🎯Current: UP 🎯Confirmed: YES 🎯Stats: 5 out of - 2️⃣Buy and Sell UFOs 🛸Sell UFOs: 25147.5-23122.5 🛸Buy UFOs: 14347.5-13027.5 3️⃣Options IV: 65.11% 🚀Daily Expected Move: ±844.61 🚀Weekly Expected Move: ±1859.32 🚀Monthly Expected Move: ±3870.49 I believe now you know why UFO and 3D are part of my name… Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪 *This daily post is not intended to be used as financial advice
CME_MINI:ES1!
by UFO3Dtrader
EURUSD short based on price actionHi folks, New trader here (less than 6 months) trying to build some reputation so I can join these public chats to share ideas. I thank all of you for your 'on the fly' ideas and helping to educate me. Onto my thought.. There is not a ton of resistance on the daily between the consolidation happening now and the next price move. The descending trend indicated on my chart shows the pullback to be a new higher low near the top of the trend. seems to indicate she is going down towards the next 'lower low' trend @ 1.7500???? I shorted at 1.18098 looking for a profit at 1.17800 and a stop at 1.18250 Thanks for your time and please help me build a reputation :)
Short
by TeamStags
4
Bitcoin from a TA perspective using Elliot Wave part 2Hello. Thanks for the likes on my last analysis. And let me bring you an update. On the larger timeframe (1D-3D) the market looks bullish and i expect to see an break of the ATH in a few days followed by a leg up to around 88k where we should expect some selling pressure as people and mostly algos . ( Algos is short for Algorithm and is used by a lot traders to buy and sell according to fib levels, its simply a bot that buy and sells at specific prices) . So the target of 88k is very much till in play. As we take a look at the market at the 1-4 hour chart one can clearly see a lot of bearish divergence on the indicators, lets round em up! First of all we got the a downtrend on the TTM Squeeze indicator with dark candles and that signifies low volatility, this means that Mr Market is preparing for an explosive move up or down. The RSI is also showing lower highs while the market does higher highs, this signifies lower buying pressure as the bulls are running out of fuel. And finally there was a crossover on the [ b] MACD about 3 days ago. From an Elliot wave perspective the market has made an impulse move up in 5 waves where the 5:th wave was an ending diagonal (example of ending diagonal below) so one can deduct that we are heading down for a ABC completing a wave 2 that will most likely find support at the 0.382-0.5 fib levels ( 56-55k ). ewminteractive.com Furthermore the correction and wave count is supported of the price dropping out of the ending diagonal. So what should one do right now? Im not an financial adviser but my aim is to buy low and sell high. Right now im personally gonna wait for the market to find support around the 56-55k area where im gonna be stacking up on some more altcoins. I just want to clarify that most of my positions is in alts (58 positions as of right now) and i just daytrade bitcoin using Elliot wave and then i add more to my alt positions when bitcoin corrects. There is no point in analyzing altcoins as the alt market is heavily affected by how bitcoin moves so my advice is that bitcoins movement should always be taking into account when buying altcoins. I currently have a short position on bitcoin since 59.3k with a stop loss at 60.5k and target of 56500 and 56000. Thats a Risk/Reward ratio of 3.11 and thats a good trade in my book. I will be posting further analyzes when the target is reached or i get stomped out. Take care and if you have any questions or critique you are welcome to leave a comment.
by Brainlanz
WALL STREET | US30USD | Multitime Frame Analysiswe can see, from the Monthly prespecive a strong Resistance line "TREND LINE", Weekly, the price brom the Resistance line and confirmed it with red candle stick, Daily we have strong Resistance area, the Red line, before reaching the new High price, 4H frame, i drew to white arrows, predecting the movement of the market, wait for the last confirmation from there, TO BUY WITH LOW RISK OR NOT TO BUY IT, I hope you will enjoy it, have a good trading days, you are welcome to reach me by privet messages, enjoy it.
OANDA:US30USDLong
by Market_Ticker
GBPAUD - Approaching 100 pips....Using the currency strength meter our members have can also help add even more confluence - the 'Sell' was a losing trade at the end of last week, but GBP was still a lot stronger than AUD therefore was a lower probability trade. Although, trading the strategy independently is fine as you can see with the back testing results - it can just help either remove trades like them or just wait until its confirmed. Anyway, money was made on the way up, and now we continue to be long again. Regards Darren
Long
by pow_removetheguesswork
TAL confident TRADE - INSIDERS FOMO entry???Hi traders, this video is slightly different because I would like to show you, how I analyze the market. Everything starts with fundamental analysis. INSIDERS are NOT my FRIENDS , but they know, what´s happening in their company. And I want to play like them . TAL ( NYSE:TAL ) trade was really interesting for me. I saw higher prices and INSIDERS rapidly increased their LONG positions. Compared to the SPY ( AMEX:SPY ) market, decline of TAL was very small! Another LONG sign. Once we have the fundamental analysis done, we can move on to the Price Action analysis (Support/Resistance, trend-lines, value area, major highs/lows). And what are the parameters of the trade I took? Entry: 51.74 SL: 44 PT: 67.01 The video describes what am I focusing on in the markets and I hope it will help you in your own trading. Good trading! Jakub FINEIGHT
AMEX:SPYLong
by Fineight
Possible CHF/JPY Short Position!! SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 1-2 Days A – Activating Event Market will meet resistance in zone @ 109.00 - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 108.33 C - Fundamentals that may affect the pair USD CPI on the 25th Sept @ 00:00 AEST D - Trade Management Entered @ ..... Stop Loss @ ..... Trailing Stop Loss@..... Target 1 @ 108.33 Target 2 @ .... Risk/Reward @ 1.5.1 Happy trading :) Follow your Trading plan, Remain disciplined and Keep learning !! Please Follow, Like,Comment & Follow :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
2