First things first What is a Recession? A recession is a period when the economy isn't doing well. It means businesses are selling less, people are losing jobs or not getting raises, and overall, there's less money being spent. It's like a slowdown in the economy where things are not growing, and sometimes they shrink. This period of economic decline usually...
The USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3813, positioned close to the breakout level....
The EUR/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.0842, positioned close to the breakout level. This...
This week in the EU, we are looking to meet a couple of key points. Overall, we are focusing on the price shifting back into the bearish higher timeframe trend. Currently, the price has been moving lower. We opened up a gap on the daily timeframe, indicating a likely drop. Since then, we have moved lower and created short-term liquidity lows, suggesting the price...
we have drawn some high lows of weekly and monthly swings after that, we have spotted a chart pattern on 4h of DXY indicating it was head and shoulder (incomplete) although the idea was the left shoulder of the pattern is bigger and on the right shoulder it will be shorter than the left shoulder neckline comes at 104.510 first target will be 104.900 which is...
Here is our detailed technical review for DXY. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 104.242. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 103.696 level. P.S We...
The DXY is currently in a consolidation phase, and I expect it to break out soon. Regardless of the direction, we have marked points of interest (POIs) that will help us capitalize on trading opportunities. - Scenario 1: Price Breaks Upwards If the price breaks above the consolidation, I anticipate it will fill the imbalance and tap into the supply zones marked...
Hello traders, in this video I am shortly going through the charts and analysis from the start of the week. I am explaining about few positions I got in, some market movements and just taking you over the charts. Thanks for watching! T
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...
i think this is bullish trap and after a quick correction to up we will strike to those level of tp EUR/USD RISK% (0.5-1) PROBABILITY 60% RR FIRST ENTRY 5.34 RR SECOND ENTRY 4.74 TP1 1.08150~1.08130 TP2 1.07875 ~1.07790 DYOR ITS NOT SIGNAL 😉
Hey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 104.900 zone, DXY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 104.900 support and resistance zone. Trade safe, Joe.
It's now Friday & the weekly candle will be closing bearish, putting our 'Gold Sell' position in nice profits🙌 If Gold pushes up again next week, I'll be using the opportunity to enter my investors into additional sell positions & increase our profits. Those who followed the analysis properly, should be positioned into 'sell positions' now & running in nice profits!
FX:GBPUSD is forming a counter-trend correction amid the dollar recovery. Ahead of PCE, data may determine the medium-term outlook for the FOREX market Technically, the market is increasing bets that the PCE may show hints of lower inflation, which will generally increase the chances of a September interest rate cut in the US. This could be negative for the...
25th July DXY: Consolidating between 104.20 and 104.40 Needs to break 104.60 to retest 104.80 (0.2% on Core PCE) NZDUSD: Look for reaction at 0.5865, Sell 0.5855 SL 20 TP 75 AUDUSD: Sell 0.6566 SL 20 TP 70 USDJPY: Buy 154.65 SL 50 TP 100 GBPUSD: Buy 1.2880 SL 25 TP 65 EURUSD: Sell 1.0830 SL 20 TP 75 (Hesitation at 1.0810) USDCHF: Look for reaction at...
I'm looking for price to trade to the H4 FVG, Trend is currently bearish
I'm looking for price to trade to the H4 FVG, Trend is currently bearish
GOLD after the retest of 2430 fell under the selloff, there is no pressure on the price of metal, but the reason may be profit taking amid the selloff in stocks and in anticipation of economic data from the United States. Traders are waiting for US GDP and Initial Jobless CLaims, which will be released at 12:30 GMT. The data may have a medium-term impact on...
Last week, the DXY broke below important horizontal support. However, the next day, the index reversed its losses, followed by a bullish candle on Friday. This created a strong reversal candle on our weekly chart, making us wonder if the initial break was false. Now, the index is consolidating above this important horizontal support. A break above the current...