TradePlus-Fx|EURUSD: new plan💬 Description: The evening trading idea for the Euro has undergone some changes, and now it is probably best to look at selling again. Pressing towards the daily support level of 1.05194 will most likely implement sellers’ immediate plans to eliminate buyers’ stop losses, which are located below this level. There is a good target ahead for implementing the expected downward movement, namely the support area at the level of 1.04400.
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Forex-gold
TradePlus-Fx|EURUSD: mixed success💬 Description: The dollar , after all, retains the initiative in the market, but its competitors also have mixed success. We will designate this as a success, since intraday movements in favor of competitors are quite significant and for a trader this is a potentially good profit.
At the moment, the instrument is creeping up again to the level of 1.05194, which acts as support. Short-term trades, as always, are considered in both directions. Regarding longer-term trades, we can most likely expect the price to go to 1.06350 in the very near future. At this level, there is a significant number of sellers’ stop losses; against this background, one can expect an upward impulse. Most likely this will be a false breakout, but we will know for sure a little later.
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DXY(Dollar Index): 18/10/2023: Possible scenarios As you can see, the market structure is bullish so we expect higher prices will be seen.
Since the price collected liquidity below 105.5 and then had a bullish reaction we mentioned Order Flow and Order block as support that can cause the price to move higher for creating a higher high.
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🗓18/10/2023
🔎 DYOR
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Gold remains depressed on positive risk toneHello traders! Gold is currently trading at $1920 and remains unchanged from this morning's trading.
Immediate support can be seen at the low of the previous day, which is $1908, and below that, $1900 will be tested. If gold does not stabilize around this level, the price retreat may extend to $1880.
However, with the Relative Strength Index (RSI) indicator held comfortably above the midpoint for 14 days, gold buyers may find lower bid prices.
As long as the strong support level mentioned above at $1900 remains intact, gold is forecasted to reach the significant level of $1930. Furthermore, the three-week high of $1933 may be retested on its way to reaching the highest level on September 20th, which is $1947.
Gold price today: Buy it massively!Hello dear friends!
Today, XAUUSD is trading at the level of 1917 USD and there haven't been many changes compared to the previous trading session.
From now until the end of the week, the gold market is quite calm, as there is little macroeconomic data from the US being released. Currently, we need to wait for information from the Chairman of the Federal Reserve, Jerome Powell, on October 19 when he speaks at the Economic Club of New York.
It is expected that in the near future, the long-term downward trend of gold will continue. Political uncertainties continue to be factors driving the upward momentum of gold. It is anticipated that by the end of this week, the price of gold will trade in the range of 1,900 to 1,950 USD/ounce.
AUDNZD: 03/10/2023:🔴Down to Bullish order block?
Well, in my perspective the price can see a lower price, at least to the bullish order block, if the price reaches the order block, we should study the price again so that we can see bullish signs or we can expect a lower price under a liquidity pool.
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🗓03/10/2023
🔎 DYOR
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GBPUSD:05/10/2023:🔴More fall for Pound🔴(Important caption)Well, as you can see, the market is totally bearish and we expect weakness of the pound against the American dollar.
I follow the price in 2 scenarios.
The first scenario (which I follow):
I expect that the supply zone can push the price lower at first to the liquidity pool, then to FVG and finally to sell-side liquidity.
Second scenario:
The previous High which is the High of the supply zone acts like a liquidity pool and the price moves higher to the bearish order block and then falls.
(I mentioned the second scenario just because it would be a perfect high-probability setup for a short position if it happens.)
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🗓05/10/2023
🔎 DYOR
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CADCHF: 25/09/2023:🔴Important Zone
As you can see, the price had a bullish move after collecting liquidity below 0.6477.
Now we can expect the price to make a trading range or after LTF confirmation we can sell.
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🗓25/09/2023
🔎 DYOR
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Strifor || USDCHF-09/08/2023Preferred direction: BUY
Comment: The extreme ideas for the franc gave were the most effective, we considered buy-deals. Now the story is the same, and the power of the buyer is still great. At the moment, we expect growth to 0.9000
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Strifor || USDJPY-09/08/2023Preferred direction: BUY
Comment: Yesterday's attempt to continue growth in the dollar was not successful; it only succeeded in taking a small part of the distance for all previously analyzed instruments. As for the Japanese yen, everything remains in favor of buyers, and we continue to expect short-term growth towards the level of 148.500.
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XAUUSD H4 I Reacting off resistance?XAUUSD is reacting off the resistance level. and could potentially reverse from here and fall towards our take profit target.
Entry: 1930.73
Why we like it:
There is pullback support and it aligns with the 38.2% fibo retracement.
Stop Loss: 1944
Why we like it:
There is an overlap resistance.
Take Profit: 1912
Why we like it:
There is an overlap support level.
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🥇GOLD - Bounce to resistance before further decline Gold does form a false breakout of a strong resistance area. Pay attention to the D1 chart on the left. There is a chance that gold could go down to 1885 or even 1840
TA on the high timeframe:
1) Bearish trend and global price channel keep the price above 1950
2) False resistance breakout forms a sell signal
TA on the low timeframe:
1) Price forms an attempt to change the local ascending channel.
2) Price tests 1922 and forms a rebound. The correction may reach the 1930-1935 area. This is like a major step before a further fall
3) We see a trend change and in the long term we should look for strong resistance levels to find a sell entry point
Key resistance📈: 1930-1935
Key support📉: 1922
Strifor || GBPUSD-08/22/2023Preferred direction: BUY
Comment: The situation on the British pound has changed in favour of the buyer and approach to 1.28484 is expected in the very near future. The current trading area where the price is located has shown itself to be a very good starting point for movements in both directions. After passing the specified target, we can assume a hike above 1.28484, namely towards 1.30000.
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Strifor || USDJPY-08/18/2023Preferred direction: SELL
Comment: The previous ideas for going long for this currency pair have worked out perfectly, be sure to check them out in the profile. Today, a potential reversal in the yen at the level of 144.900 is beginning to mature. There is no high probability yet, but if the price breaks through and closes below the level of 144.900, then we can expect a fairly quick decline to 143.300.
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Strifor || USDCHF-08/14/2023Preferred direction: BUY
Comment: The US dollar continues to put pressure on all major currency pairs at the beginning of the week. It is most likely to count on such a trend in the first half of the week, at least. The American still has a place to strengthen, and the franc is no exception. We continue to consider the level 0.87757 as a starting point upward towards 0.90000.
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POSSIBLE SHORT ON GBPCADWeekly and monthly price action for GBPCAD appears to point towards a bearish sentiment and thus we expect shorts this week as we run into weekly lows, keep our fingers crossed and wait for the markets to come to us. Structural candles and confirmation on 15m bos entry.
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