Get started

Forexmarket

GBPUSD SELL TRADE ( MARCH 28 2024) -Pending order mt4DAILY TF was forming distribution (although not yet complete) , but I can see the orderflow because of the market structure. I go to 4h --3h--2h--1h TF and noticed some short intra day trade that became swing trade as it moves) You can see in the chart that there was a supply (DBD formation) -march 22 friday. --> It was then validated by the market structure march 26 2024 (HH then CHOCH). I set pending order march 28 in my mt4 (morning), aiming for 1:8 RR. The trade was activated last thursday -evening and ran until weekend (of course there was a charge in my broker running trade on weekends hehe. ) TP HIT DURING N.Y and London overlap. Bearish movement. (A simple wyckoff distribution)
Short
by glyrad
1
The price of XAU is rapidly increasingWorld gold expenses extended sharply with spot gold growing through 34.nine USD to 2,115.1 USD/ounce. Gold futures closing traded at 2,124.four USD/ounce, up 28.7 USD as compared to the previous day morning. World yellow metallic expenses reached a 3-month excessive at the start of the week, boosted through extended expectancies that americaA Federal Reserve (Fed) will loosen economic policy. According to UBS analyst Giovanni Staunovo, weaker-than-predicted US financial facts launched closing week driven US actual hobby costs down and that is the reason of gold`s fee increase. Last week, gold expenses rose approximately $50 as reviews confirmed tepid production and production spending withinside the US in addition to downward fee pressure. Market strategist Phillip Streible of Blue Line Futures predicts that gold can without difficulty surpass report highs as he sees upcoming occasions as useful for the treasured metallic. Specifically, this professional believes that during his upcoming testimony earlier than Congress, Fed Chairman Jerome Powell might also additionally seem extra dovish approximately his policy. Besides, a dark employment file might be the subsequent catalyst for gold to interrupt out.
OANDA:XAUUSDShort
by NicoTradingMaster
XAU increased dramatically after the release of US economic dataGold prices rebounded sharply after US PCE data matched estimates, along with a manufacturing PMI report and a lower-than-expected consumer confidence index. after the US core PCE report was in line with estimates, along with the manufacturing PMI report and US consumer confidence index were lower than expected, demonstrating weakness in the world's largest economy. gender. However, the market still needs to be cautious with important US economic data this week, including the services PMI report, Fed Chairman Powell's hearing and the JOLTS jobs report.
OANDA:XAUUSDShort
by NicoTradingMaster
Yemi_Fx1 | SELL OPPORTUNITY ON NZDCADLooking at OANDA:NZDCAD from the 4HTF we see how price tested the zone at 0.83780 , Price approach it In a corrective manner showing the low momentum in bulls power. The zone at price 0.83780 holds, resulting to a double Top pattern. And at 0.83573 also we can see how price react to it, moving out of this area with high momentum. Currently the pair is building up for a continuation move as we can see it's forming a pattern to move downward. Having this in mind I will be preparing myself to enter at the top of the flag pattern provided there's an entry signal. If you found this helpful please support your fellow trader with a like
Short
by Yemi_Fx1
1
Forex preview: NFP, Powell’s testimony, and BoC and ECB decisionThe key events for the week are concentrated mainly between Wednesday and Friday. In the United States, the focus will be on January jobs data and speeches by Federal Reserve officials. The most important of the bunch is of course Federal Reserve Chair Powell two-day testimony in Congress on monetary policy starting Wednesday. Traders will look for cues regarding the future trajectory of monetary policy, with special attention paid to the Q&A session following Powell's opening remarks. Friday will bring the release of Non-Farm Payroll (NFP) data, with expectations of a 188,000 job increase in February. This would be a significant drop from the 353,000 jobs added in January. JOLTs job openings are anticipated to fall to 8.9 million in January after two consecutive months of increases (Wednesday). In Canada, the Bank of Canada is anticipated to maintain interest rates unchanged for the fifth consecutive time on Thursday. In Europe, the European Central Bank (ECB) is expected to keep rates unchanged on Thursday. ECB members continue to advocate for a patient stance, with the consensus being to wait for Q1 2024 wage data before considering a rate cut in June, aligning with current market expectations. In the United Kingdom, all eyes will be on Finance Minister Jeremy Hunt's pre-election budget on Wednesday, which is expected to include tax cuts, which according to the guardian “... runs the risk of getting an adverse reaction from the markets which would snuff out what is still a lukewarm and tentative economic recovery.”
by BlackBull_Markets