EURUSD: Bullish Draw Toward Daily Buy Stops!Greetings Traders!
Current Market Analysis:
At the moment, EURUSD is exhibiting signs of a potentially bullish draw toward the daily buy stops.
Key Observations:
H1 Bullish Structure: The internal structure on the H1 timeframe has shifted to bullish, indicating a potential for further upward movement in EURUSD.
H1 Bullish Order Block: Currently, price is supported by the H1 bullish order block, which may serve as a springboard for further upside movement. This suggests that the market is drawing towards the daily buy stops, which is my primary target.
H1 Sell Stops: If price takes the sell stops, I will still be looking forward to taking a buying opportunity provided the market gives me a confirmation to do so.
Trading Strategy:
Focus on Bullish Order Flow: Given the evidence of bullish institutional order flow, the strategy is to look for entry opportunities around the H1 bullish order block.
Target Levels:
Draw on Liquidity: The target is the daily buy stops, as indicated by the current bullish order flow and market structure on the H1 timeframe.
Conclusion:
By understanding the current bullish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on EURUSD. The shift in H1 structure and the support from the H1 bullish order block point towards a bullish draw, guiding our strategy towards taking advantage of long opportunities in the market.
Happy Trading,
The_Architect
Ict
SEI - Altcoin Setup 16.07.2024I longed some SEI with low leverage, spot is also possible as this has a wider stop loss. I have been talking about this kind of reaction after the latest pullback in the last live stream and SEI was moving very well after this.
We flipped the resistance and the bearish structure and got the retest and thats my trigger there. ✅
BITCOIN Will Keep Growing! Buy!
Hello,Traders!
BITCOIN is going up now
And the coin broke the key
Horizontal level of 63,500$
Then made a retest and
Shot upwards again which
Reinforces out local bullish
Bias and makes us expect
A further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
GBPUSD: Anticipating Short-Term Bearish Reversal!Greetings Traders!
Current Market Analysis:
At the moment, GBPUSD has been primarily bullish coming into this week. However, recent price action indicates that we might anticipate some bearish institutional order flow to meet minor targets before potentially continuing the bullish trend.
Key Observations:
Market Structure Shift: We have seen a market structure shift, suggesting a potential reversal. This bearish sentiment was further confirmed when the price respected the Balanced Price Range, leaving the Fair Value Gap above it as a runaway gap. This indicates that the price has no immediate need to move further into premium prices.
Trading Strategy:
Entry Strategy: I am looking to see if the price retraces back into the H1 bearish order block. This will be my primary entry point. If the price does not retrace into the H1 bearish order block, I will seek other entry methods, provided the price gives me a confirmation to do so.
Target Levels: The main target is the Daily Bullish Fair Value Gap, which is my draw on liquidity.
Conclusion:
By understanding the current bearish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on GBPUSD. The observed market structure shift and the respect for the Balanced Price Range support a bearish outlook in the short term, guiding our strategy towards taking advantage of short opportunities while keeping an eye on the potential continuation of the bullish trend.
Happy Trading,
The_Architect
USOIL | The Sell Off is nearWTI crude oil prices have shown a downward trend in recent sessions, falling for three consecutive days. Currently, WTI stands around the $80.70 region, recording a daily loss of about 0.40%. Despite this decline, the price remains above the overnight swing low, suggesting a lack of conviction among sellers.
Factors Influencing Prices
Chinese Economy:
Economic Growth Data: Official data released on Monday showed that China's economy grew by 4.7% in the second quarter of 2024, down from 5.3% in the first quarter. This has fueled concerns about a slowdown in the Chinese economy, the world's largest oil importer, and a consequent decrease in fuel demand.
Impact on the Oil Market: Concerns about Chinese demand are a key factor exerting downward pressure on crude oil prices.
Strength of the US Dollar (USD):
Dollar Recovery: The US dollar has gained traction, recovering from a more than three-month low touched on Monday. A stronger dollar makes USD-denominated oil more expensive for buyers using other currencies, thereby reducing demand.
Monetary Policy Outlook: The growing acceptance that the Federal Reserve might start a rate-cutting cycle as early as September could limit further dollar gains, partially mitigating the negative effect on oil prices.
Supply Concerns:
Middle East Conflicts: Concerns about potential supply disruptions due to ongoing conflicts in the Middle East continue to support oil prices. This factor could limit further losses in the short term.
Forecasts and Expectations
Price Range: WTI seems to remain confined within a familiar range maintained over the past two weeks, with prices oscillating around the $80.70-$81.30 region.
Awaiting External Impulses: Market participants are now waiting for US retail sales data to find new drivers that could influence prices.
Need for Confirmation: To position for a further extension of the recent pullback from levels near $84.00, it would be prudent to wait for more convincing selling signals.
What the ATH is Bitcoin doing??Hi guys,
Bitcoin was lookin' real interesting so I decided to make an updated analysis.
Price dipped into a 3-month BISI with a nice rejection. It also make some clean PD Arrays to trade off. Currently, i'm looking at a close above the weekly SIBI and then wait for a retracement. If we get new FVGs before then, I may keep an eye on those as well. Either way, I think we are going to infinity and beyond.
For more info, just watch the vid.
Happy trading!
- R2F
XAUUSD is ready to reach $2500 before the crash!Current Overview
Gold (XAU/USD) has regained traction, trading in positive territory slightly above $2,420 after dipping towards $2,400 at the beginning of the week.
Technical Analysis
Daily Chart: The bullish outlook for XAU/USD remains strong despite a retreat from intraday highs. The daily chart shows that the pair is rallying well above bullish moving averages. Technical indicators are gaining upward momentum and approaching overbought readings, with no signs of reversal.
4-Hour Chart: In the near term, XAU/USD might face challenges in extending its gains. Technical indicators are retreating from overbought readings with uneven strength but remain above the bullish 20-period Simple Moving Average (SMA) around $2,400.
Key Levels
Resistance Levels:
Immediate resistance is at the recent high of $2,439.
If XAU/USD surpasses this level, it could test the year-to-date high of $2,450.
Further gains could target the $2,500 level.
Support Levels:
Initial support is at $2,400.
Market Sentiment
US Dollar Dynamics: Demand for the US Dollar initially increased following the weekend news of an assassination attempt on former President Donald Trump. However, the Greenback quickly lost ground as investors speculated that a potential Trump election win might lead to looser fiscal policies.
Fed Policy Outlook: Moody’s Credit Rating Agency predicts that the Federal Reserve could start easing monetary policy as early as this month, with potential rate cuts of 50-75 basis points in 2024 and an additional 100-125 basis points by 2025. This dovish outlook has bolstered gold prices, as lower rates make non-interest-bearing assets like gold more attractive.
Economic Data:
US Consumer Price Index (CPI) data came in weaker than expected, increasing the likelihood of a Fed rate cut, as reflected by falling US Treasury bond yields.
The University of Michigan's Consumer Sentiment Index dropped to a seven-month low of 66.0 in July, missing expectations, which further supports the case for rate cuts.
Additional Influences
Global Factors: The People's Bank of China (PBoC) decided to halt gold purchases in June, as it did in May. By the end of June, China held 72.80 million troy ounces of gold.
EURUSD heading towards 1.10!Current Overview
EUR/USD is defensive below 1.0900 in the Asian session on Monday, edging lower amid risk aversion following the shooting incident at a Trump rally. This event has bolstered the US Dollar due to its safe-haven appeal. The pair's focus remains on US politics and upcoming statements from Federal Reserve officials.
Technical Analysis
Support Levels:
The first support is at 1.0840-1.0850.
Further support is at 1.0800.
Resistance Levels:
If EUR/USD rises above 1.0900 and confirms this level as support, it could target 1.0950 and then 1.1000.
Market Sentiment
US Inflation Data: Recent soft inflation data from the United States has put downward pressure on the US Dollar. The Consumer Price Index (CPI) decreased by 0.1% on a monthly basis, while core CPI increased by only 0.1%. Both readings were below market expectations, increasing the likelihood of a Federal Reserve rate cut in September. According to the CME FedWatch Tool, the probability of the Fed leaving the policy rate unchanged in September has declined to below 10% from over 20% before the CPI data release.
Additional Influences
US Political Climate: The recent incident during a Trump rally in Butler, Pennsylvania, where former President Donald Trump was injured in an assassination attempt, has increased risk aversion and supported the US Dollar.
US Economic Data:
The Producer Price Index (PPI) rose to 2.6% year-on-year in June from the previous revised 2.4%, above the expected 2.3%. Core PPI increased to 3.0% year-on-year, surpassing the expected 2.5%.
The University of Michigan's Consumer Sentiment Index dropped to 66.0 in July from 68.2 in June, missing expectations of 68.5. The UoM 5-year Consumer Inflation Expectations declined to 2.9% from the previous 3.0%.
Fed Outlook: Analysts from Fitch suggest that the Federal Open Market Committee (FOMC) might cut interest rates sooner than expected due to concerns about the labor market. Fed officials are likely to be cautious about additional weaknesses in the labor market.
Eurozone Outlook: Eurozone officials expect pricing pressures to remain stable throughout the year, reducing expectations for further rate cuts by the European Central Bank (ECB). ECB President Christine Lagarde emphasized a cautious approach, highlighting uncertainties in the growth outlook.
WEEKLY FOREX FORECAST July 15-19th: DXY OIL INDICES GOLD SILVERThis is Part 1 of the Weekly Forex Forecast JuLY 15 - 19th
In this video, we will cover:
USD Index, S&P500 NASDAQ GOLD SILVER US OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
XAUUSD 3 options for monday! have a look happy sunday gold fans! hope you're well and enjoying your weekend awaiting football!
Id like to see a move down to the zone i wanted friday to buy but with whats gone on with trump this weekend, id like to think it may just shoot up for the all time high.
For me to sell id like to see some price forming bearish structure in the daily engulfing first
Im under no illusion that all time high may not happen so im prepared either way, this is why im a scalper so i can react to price as it happens and happy to take buys and sells
daily trend is still broken to the upside for now so lets see if we continue higher at open, but to be honest, im probably gonna be a bit pissed by then lol
catch you in london!!
tommy
R2F Weekly Analysis - 14th July 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
My short-term bias for DXY has switched to bearish and continues to be. We had a big displacement down during CPI. Now I am looking for a retracement on all pairs in order for a trend continuation. There should be some juicy trades coming! See my video analysis for a full breakdown of my thought-process.
- R2F
NIKKEI RISKY LONG|
✅NIKKEI is the main japanese
Stock Index and is has been
Following the Yen in the opposite
Direction. The weaker the Yen
The stronger the Index, so now
Following a sharp correction on
The Yen we are seeing a correction
On Nikkei as well, but we are
Bullish biased mid-terma and
As the index is about to retest
The significant horizontal support
Level of 41,000 we will be
Expecting a local bullish rebound
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Compound Interest - A Trader's Secret WeaponIn this video I give you a perspective that traders often neglect - Compound Interest.
Compounding is probably the most important part in terms of becoming a trader that survives in the long run. Social media is filled with traders nowadays, and some of them are pretty good at trading. However, shortsightedness gets to them as they forget about the one thing that ensures longevity in this game. It is way easier dig yourself into drawdown than it is increase your wealth, it is just math. The technique that greatly rewards the disciplined and patient trader is COMPOUNDING.
As Albert Einstein said according to some sources although not verified is that "Compound interest is the 8th wonder of the world".
- R2F
WEEKLY FOREX FORECAST July 8-12th: FX PAIRS UPDATES!We are updating the Weekly Forecasts for FX Pairs I posted last Saturday.
Click the link below to check out the video in case you missed it.
Was the analysis accurate? Did we reach our targets?
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.