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Gold, The next moveXAUUSD Dear Traders, I warmly welcome you to this free and educational multi-timeframe technical analysis on Gold. From a weekly viewpoint, in my opinion, XAUUSD looks remarkably bullish . A Micro-double botoom formation with a previous low on the daily time frame, and the bullish trend has already begun as seen from last weekly close. Everything appears to be pointing towards the onset of the next bullis move. Currently, on the daily timeframe, we are experiencing a pull-back to the Broken resistance that might turn into support. Therefore, I am patiently waiting for my buy zone to be reached and will be looking on lower time frames for a good entry point in case I get my entry creteria validated. Trade safely, Trader leo. Here is my previous analyisi on Gold
OANDA:XAUUSDLong
by Leo-btm
22
Bitcoin, The ultimate plan for both sides. BTCUSD / 1D Hello traders, welcome back to another market breakdown. First of all, big thanks for all the cool messages y'all sent me after I spilled the beans about my Crypto plans. Some of the traders were like "yo, what's the update?" So, the bears had one mission: fill that CME Open Gap. And yeah, they did it just like we thought they would. But what's next? Honestly, I wouldn't be surprised if we see a little rally from here 'cos the bears wanna make some cash money. But, before I jump back on the short side, I wanna see the price drop even lower and use the Previous Gap as a barrier. Then I'll totally go for another short position. I'm thinking we're aiming for like 14k or so. And you know what? That's when I'm gonna long Bitcoin That's the Gap close on the Yearly chart if you are wondering why. Trade safely. Trader Leo.
INDEX:BTCUSD
by Leo-btm
25
GBPUSD, a setup for the bears. GBPUSD / 4H Hello traders, welcome back to another market breakdown. Fundamentals: Based on the last Testemonial from Powell: 1. Rates will go higher than previously expected 2. The Fed doesn't think they have overtightened and need to do more 3. They think they can sort out inflation without 'significant' downturn (notice the abandonment of 'soft landing' 4. Unemployment needs to rise. 5. States the road of bringing down inflation will be 'bumpy' Correlations: US10Y is inverted for 246 days. US03M is inverted for 136 days. New rate hikes at the 1M, 3M , 6M and 2Y EFFR @4.48% RRP 2.168T, which has increased from 2.412T from the previous week We need another 100bts to get to 5.5% Fud rates with probablity of 56%, so maybe +25/50bts in March, May and June. Technical analysis: The GBPUSD currency pair has been experiencing a bearish trend , with the price consistently breaking higher. Furthermore, on the monthly time frame, the price has rejected a major key level. In addition, The price has printed a double top on the daily time frame. the Dollar index DXY has also rejected a macro level, indicating further strength in the dollar. This, coupled with the US10Y bond market breaking its structure higher, makes it seem like a wise decision to invest in the dollar during its pullback phase. The scenario I'm looking at: Harmonic move similar to the last pull-backs. You can also check my last update on USDCAD here: Trade safely, Trader Leo.
Short
by Leo-btm
33
EURUSD, Another setup for the bears.EURUSD / 4H Hello traders, welcome back to another market breakdown. Technical analysis: The EURUSD currency pair has been experiencing a downward trend, with the price consistently breaking lower. Furthermore, on the monthly time frame, the price has rejected a major key level. In addition, the Dollar index DXY has also rejected a macro level, indicating further strength in the dollar. This, coupled with the US10Y bond market breaking its structure higher, makes it seem like a wise decision to invest in the dollar during its pullback phase. The scenario I'm looking at: test back to the broken trend line. Trade safely, Trader Leo. If you like the indeas shared don't forget to like and subscribe, it helps spreading the good setups. You can also check my last update on SIlver
Short
by Leo-btm
22
Silver, more down side to see? XAGUSD / 1D Hello traders, welcome back to another market breakdown. Technical analysis: Silver has been experiencing a downward trend, with the price consistently breaking lower. Furthermore, on the weekly time frame, the price has rejected a major trend level. In addition, the Dollar index DXY has also rejected a macro level, indicating further strength in the dollar. This, coupled with the US10Y bond market breaking its structure higher, makes it seem like a wise decision to invest in the dollar during its pullback phase. The scenario I'm looking at: Test of Broken suppor that might become resistance. Let me know your opinion and questions down bellow. Also, you can check my analysis on USDJPY here : Trade safely, Trader Leo.
TVC:SILVERShort
by Leo-btm
22
EURUSD, the 2 setups I'm watching for.EURUSD / 4H Hello traders, welcome back to another market breakdown. EURUSD has been breaking the lowers. And, the price has rejected major key level on the monthly time frame. Plus, the We have got the Dollar index DXY rejecting a Macro level which makes me think there are more stength in the dollar. Further more, we have got the US10Y bond market breaking the structure higher which makes me want to bet on the dollar while it's offering a pull-back. Fundamentals: The current weakness on the dollar has came amid Bostic (Fed) comments : he said that the fed COULD be in position to pause from increasing rates by mid to late summer. This was late in the last week which explains the last rally in the EURUSD. However, the smartest market out there (Bonds) didn't really care about his comments. The 2 scenarios I'm looking at: 1- The Complex pull-back AB CD move has already finished and the current pull-back migh just be the lower high on this move. 2- The price might decide to go back to the Mid-range before it finds heavy bears willing to short at a discount. Trade safely, Trader Leo. If you like the indeas shared don't forget to like and subscribe, it helps spreading the good setups.
Short
by Leo-btm
25
USDJPY, Very good opportinity for the bulls.USDJPY / 1D Dear Traders, I warmly welcome you to this free and educational multi-timeframe technical analysis on USDJPY pair. From a weekly viewpoint, in my opinion, USDJPY looks remarkably bullish. A Micro-Double-Bottom formation with a neckline break has been created, and the upward trend has already begun as seen from last month's close. Everything appears to be pointing towards the onset of the next bull move, and I anticipated a continuation towards the upside on the 4H timeframe with last idea idea. Currently, on the daily timeframe, we are experiencing a pull-back to the Broken resistnace that might turn into support. Therefore, I am patiently waiting for my Buy zone to be reached and will be looking on lower time frames for a good entry point in case I get my entry creteria validated. Fundamentals: The present weakness observed in the dollar can be attributed to the remarks made by Bostic, a member of the Federal Reserve, regarding the potential for the central bank to suspend its policy of raising interest rates by mid to late summer. These comments, made towards the end of last week, are believed to have fueled the recent rally in the USDJPY. It is noteworthy, however, that the bond market - widely regarded as the most astute barometer of market sentiment - did not exhibit a substantial reaction to Bostic's statements. Thus, while Bostic's comments have had an impact on the currency market, their significance in the larger financial landscape remains subject to interpretation. Thank you for joining me today, and I look forward to seeing you again with another market outlook! Also, kindly check out my previous analysis of USDCAD here: Don't hesistae to ask any questions bellow. I make the time to answer them all. Trade safely, Trader Leo
Long
by Leo-btm
5