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THE KOG REPORT - ELECTION SPECIAL UPDATEEnd of day update from us here at KOG: The path has worked quite well so far with price testing the high, adhering to KOG's bias for the day and week and respecting the red boxes. We've managed to stay the right way and capture most of the move down completing nearly all the bias level targets on the KOG Report. So, what now? We have major support below at the 2650-55 region with slight extension in to 2645. If this level is attacked and defended in the coming sessions we should get a move back upside into the initial levels of 2675 and above that 2680-5. We do need to see a clean reversal for this to happen so let's be patient if you're looking to go long. Those who followed and are short, we suggested protecting and taking partials along the way while enjoying the move. For now, planned and executed, Excalibur and the red boxes performing well. Let's see what tomorrow's news brings. As always, trade safe. KOG
OANDA:XAUUSD
by KnightsofGold
Euro's Path Ahead: Short-Term Struggles, Long-Term Triumphs**Current Momentum and Market Sentiment:** The EUR/USD pair is currently experiencing a challenging period, struggling to maintain bullish momentum. Despite a significant rally in recent months, the pair has recently faced resistance and corrective movements. The European Central Bank's (ECB) actions, including recent interest rate hikes and upward revisions to inflation forecasts, have supported the Euro, but market skepticism remains due to varying global economic conditions and the Federal Reserve's cautious stance on future rate hikes. **Technical Analysis and Key Levels:** The Euro is trading above its 20-year cycle support line, a critical historical level that previously led to a five-year rally after being broken in January 2003. The current price action, characterized by consistent volume buildup, suggests underlying strength. However, the momentum observed from January 2017 to late 2021 has been less stable, influenced heavily by the COVID-19 pandemic and subsequent economic measures. For the short term, the EUR/USD is anticipated to continue facing volatility. The immediate resistance is noted around 1.1050, with support around 1.0800. A potential target by the end of 2024 is 1.169941, assuming stabilization in interest rates and continued economic recover. ### Long-Term Forecast (Next 2-5 Years) **Macroeconomic Factors:** Long-term prospects for the Euro will largely depend on several macroeconomic factors, including the ECB's monetary policy, inflation trends, and economic growth in the Eurozone. The structural reforms and fiscal policies adopted by member countries will also play a crucial role in shaping the currency's trajectory. **Historical Context and Future Projections:** Reflecting on the historical context, the Euro's previous rally post-2003 lasted five years until the 2008 financial crisis. Given the current economic landscape, a similar prolonged uptrend could emerge if global economic conditions stabilize and Eurozone economies demonstrate robust growth. Over the next 2-5 years, the Euro might target higher levels, potentially reaching or exceeding the 1.2000 mark, driven by economic resilience and a balanced approach to monetary tightening by the ECB. However, this projection is contingent on the absence of significant geopolitical disruptions and a steady recovery from the pandemic-induced economic downturn. ### Conclusion In summary, while the Euro shows potential for both short-term gains and long-term growth, it remains subject to market volatility and economic uncertainties. Investors should closely monitor ECB policies, global economic indicators, and geopolitical developments to make informed decisions. The anticipated stabilization of interest rates by the end of the year provides a cautiously optimistic outlook for the Euro, aiming for a target of 1.169941 by year-end and further growth in the following years.
Long
by wikitrades
1
USD CAD -SELL trade Activated March 6 2024Good day guys! another great trade ( pending sell limit activated last Wednesday) march 6 I started checking this pair because of USD CAD daily TF It is in area of distribution ( supply) ---> I manage to go down from 4H to 1H so I can see fluctuations and introducing new areas of supply in smaller timeframe. It took me 3 hrs to wait for proof and validity 1.35465 move lower (can be seen in 1H -15min TF) after this I set pending sell limit in my mt4. Aiming for 1:7 RR :) This was a perfect example of powerful supply (check daily to 4H TF) #wyckoffdistribution
Short
by glyrad
2
Dec 19 2023 GBPUSD BUY Trade Activated (pending order) Good day folks! Another great trade in this currency pair. Look at daily TF bullish since 1.21020, I often used hedging trade but i think i got this one. Last week was sell then this tuesday, buy trade activated. Always adjust your analysis depending on the actual behavior and do not stay married to your first bias :) . As i checked 4h-3h-2h-1h, there was an IC (POI created ) when accumulation schematics was introduced last week dec 12 onwards. So i monitor the left side of the chart and also see an IMB in price. I set pending order in my MT5 account so i can still ride the trade even when i am offline. My trade come to fruition because of HTF bias and then validity in low tf. I set my trade in lower tf for a better RR . :) .Hopefully my trade will have a momentum until friday, but no more loss in this trade due to the fact that I always take some partials in trades. I hope you learn on something on this, have a great day. #accumulation #wyckoffiantrader RR: 1:16
Long
by glyrad
EURAUD BREAK OF 1.469 GET'S UGLY🔸️Ticker Symbol: EUR AUD Timeframe: 15M🔸️Investment Strategy: Short TECHNICAL ANALYSIS: EURAUD is on my watchlist. If we end up breaking support at this key level of 1.469 I do believe we can see a push lower in the market. Here are a couple factors that I like to look at. To start off we are trending in a sideways pattern on the 15m Timeframe. Typically, when we are trading in this pattern, and we get into the top red section on our linear regression indicator this has indicated historically that we could see a push lower. We can also tell that our bottom indicator is showing money momentum shifting out of the market along with a red middle band representing bear market momentum. With all of these metrics pointing in the same direction I do believe we could potentially see a nice selloff on EURAUD in the coming days. Thank you so much for following! 🔔 Follow for daily stock, crypto and forex technical analysis. ⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
Short
by TrendsiTrades
DXY Tilted H&S Pattern -- 29/Jul/20Hello Traders, Hope you all are doing good!! DXY looks like forming a H&S pattern. The index has already broken below the neck line but we need to wait for the weekly candle close confirmation below it. If break below, Bears can take it to 92.5 level **Today's FOMC meeting can be the main driver. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position.
TVC:DXY
by For3xScalper
AUDJPY Sell 400 Pip OpportunityAUDJPY retested Resistance zone and looking for a corrective drop. Indicators: Pair is currently overbought and at a strong Resistance level. Weekly RSI in a strong sell zone Up trend line has broken, retested, and bounced off the back indicating downwards movement. Entry: 1. Current price area 2. Wait for retracement on shorter time frame at 75.80 area TP at next support at 72.00 area Good luck trading! Charles V CVFX Management www.cvfxmanagement.com @cvfxwealth
Short
by cvfxwealth