In the AUD/CHF pair, we’ve seen a decisive break and close above the descending channel. On the weekly chart, a long-tailed candle has formed, signaling a robust rebound from the key support level. The market has consistently honored the 0.5600 psychological barrier, bouncing off it several times. With the bullish momentum gathered this week, I anticipate further...
I am SETUP to hunt long TRIGGERS in the DX this week based on the COT strategy. So I thought I'd look, do cycles support the COT strategy looking for Longs? It turns out, they do. Decennial & Annual Predictable Zones (APZ's) supportive of up move to Early/Mid October Intermarket analysis finds a striking 60.9% correlation to DX's current price action to that...
After yesterdays FED decision we saw price set an all time high and pull back down. In todays session we will be monitoring for a sell opportunity in GOLD. Our first entry is at current price 2588.70 second entry will be at 2606.228. Our stop loss will be above 2622.226 and Targets will be as low as 2528 level. Use proper risk management. Cheers
GOLD BULLISH TO $2,604 - $2,630 (1H UPDATE) Like I said earlier today I'm expecting a 5 Sub-Wave move towards our overall Wave 5 bullish target. So far we've completed Wave I & Wave II. We’re waiting on the following according to my EW strategy👇🏻 1. 2 Impulse moves up (Wave III & Wave V). 2. 1 corrective move down (Wave IV).
Pair : DXY Index Description : Resistance Level Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Double Bottom Pattern as an Corrective Pattern in Short Time Frame
Price of BTC missed our original buy zone by a FEW PIPS which was annoying. But it's fine, because it means price is still heading in our overall direction which is to the upside. I have readjusted my wave count, now looking for a SUB-WAVE retracement into this new grey, supply zone. Once price taps in and ONLY if I see a clear 3 sub-wave (A,B,C) move, I will...
Monthly & Weekly Perspective The EUR/USD is showing a strong buy opportunity, driven by recent macroeconomic developments. The U.S. Federal Reserve recently cut interest rates by 50 basis points, a significant move that weakens the dollar in the short term. Although the U.S. has been one of the more cautious economies, being the last to cut rates, this decision...
**Monthly Chart** Last month's DXY candle closed as bearish after a strong push down breaking the previous monthly range. This month's candle (which is still active) went lower and took out the low of Dec 2023. Currently, it is testing the low of July 2023 and MC (OB) area. **Weekly Chart** Last week, the candle closed as a bearish indecision candle after...
With six weeks until Election Day, Vice President Kamala Harris leads former President Donald Trump by 5 points, 49% to 44%, according to a new NBC poll. Harris' favorability has surged 16 points since July, the largest increase for any candidate since George W. Bush after 9/11. Harris is set to unveil new economic proposals on Thursday, expanding her vision for...
Welcome to our daily DXY prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 100.587 Wish you good luck in trading to you all!
Dollar Index is trading in a strong global bearish trend. Since the end of August, the market started to consolidate within a wide horizontal range on a daily. The signal that will signify a continuation of a bearish trend is a breakout of a support of the range and a daily candle close below that. It will push the prices lower at least to 99.8 ❤️Please,...
FX:XAUUSD updates high to 2600 and then experiences a shakeout. Traders held the 2550 area and are currently trying to recover losses by testing the upper end of the range.... The Fed announced a 0.5% rate cut, bringing the interest rate to a range of 4.75%-5.0%. Why 0.5 and not 0.25? The Fed chief said that 0.25 poses threats to the economy that can no...
it has been a very good day in the markets and all our targets have been met and closed out! Next week I am looking for a dip into $2,590 region for price to find support. We will then look to buy from there into $2,630-40 region.
how to prepare for the trade. Professional training if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
- 600 PIPS Profit Secured🎯 - £22,000 Profit Closed 🎯 - Holding Period: 2 Days🎯 - Called LIVE For You All🎯
Considering how bullish the weekly candle has closed, I do not believe that Gold has not topped yet. I think Wave III is close to completion, meaning a Wave IV correction should follow next week during the FED data, followed by a final bull run of Wave V towards the $2,600 mark!
Yesterday I told you all that I want to see this red highlighted FOMC candle get taken out, due to all the liquidity surrounding the candle & overnight we've finally seen that move happen😍
Option 1: Market ranges $2,590 - $2,570 into next week, before it shoots up towards a new ATH of $2,620. Option 2: Market doesn't consolidate and SLOWLY starts moving up now. This'll be wave 3 of the EW strategy. Option 3: If market dips below the last low of $2,547 again, we can see price drop down to $2,450 again before coming back up.