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FOMC Order And PredictionTargeting sells from 1944-46 area. Golds sudden bullish movement to this price has caught my eye. I believe FOMC will not raise rates, thus I think it will have a huge impact on metals. There could be range up to that 1948, my stop is at 1948.5 with 2 targets 1940 and 1927 which was around the area of 25 key support. Ive implemented the use of FVG, BOS and CHoCH, Im slightly adjusting the way I trade news, and trying to play it safer with setting orders rather than instant executions. Overall this trade gives me a 1:1, 1:3.75 R/R. Orders set, lets see how my analysis goes.
OANDA:XAUUSDShort
by xEthan
18/09/23 Weekly outlookLast weeks high: $26894.1 Last weeks low: $25873.8 Midpoint: $24853.5 After CPI and PPI news events that took place last week, we can see a clear uptrend after a deviation below the midpoint, then a reclaim and a move up higher. This week we have FOMC and the interest rate decision. The forecast is for the interest rate to remain the same at 5.50%. This decision has been priced in IMO but that doesn't rule out any potential whipsawing in the minutes up to and following the decision, we also have the press conference that can give some volatility too. However, if last weeks news events are anything to go by the volatility will be low compared to previous FOMC's. The bigger picture plan stays the same for me, I do think we're moving towards that yearly open retest before thinking about the run up to the halving and the bullrun beyond. A retest of 28k resistance with a bearish reaction off that level would further add confluence to this idea. As for now staying patient and looking for opportunities outside of the choppy price action.
by ProR35
XAU/USD 11.09.2023 long or shortFOREXCOM:XAUUSD Hello traders, Today, I'm focusing on two potential trade scenarios. First, a bearish trade would be considered if we can remain below the resistance line. In this case, the stop-loss would be positioned somewhere above 1930. Alternatively, if we can't sustain below the resistance line, I would be looking for bullish opportunities. In such a scenario, I'd search for retest trades in the area around 1928, with the take-profit target set up to the white market areas. Please keep a close eye on the market and execute these trades based on the current conditions and price action.
FOREXCOM:XAUUSD
by NeptenFX
04/09/23 Weekly outlookLast weeks high: $28152.7 Last weeks low: $26737.6 Midpoint: $25322.5 When compared to last weeks outlook, we had what basically looked like a heartbeat monitor in price action. A flatline with a big pulse in the middle of the week from the midpoint then to weekly low, then high then straight back to the midpoint. Now when looking at the previous weeks price action it's very similar only the price action is hugging the 0.25 line before a huge pump on the news of the Greyscale win against the SEC, we fully retraced and some to print the low of the week. From a macro perspective, I am still bearish for the time being until proven otherwise, that would be if we finally take out 32.5k convincingly. On the higher time frames we have a lower high and lower low structure, textbook bearish. Not only that, what worries me is how quickly we are retracing good news pumps. Big money seems to lack conviction at this point so for now pumps are for fading. I still think we see 19K again by the end of the year. September follows a similar historical return as August, generally negative when not in a bullrun year. For now I'm just monitoring, If I'm looking to go short I would do so on a swing fail pattern of the midpoint.
by ProR35
21/08/23 Weekly outlookLast weeks high: $29678.9 Last weeks low: $26943.6 Midpoint: $24208.4 August so far has been living up to it's history of being a red month. Last week we saw price fall ~18.45% from weekly high to low, filling in the fair value gaps from the previous HTF rally and printing a new 1W lower high for the first time this year. Now that the FVG has been filled and a bit of volatility reintroduced into the market the next move is very important. For BTC to stand a chance in the near term I think the bulls need to reclaim the 1D 200EMA very quickly. Last weeks midpoint at 26942.4 is also approximately at the 1D 200EMA. However, If price rejects off that level when retesting it then I do think price will slowly find itself tending towards the yearly open of around 19k.
by ProR35
CHFJPY Short setup with entry point!Good morning traders, I was analyzing CHF/JPY, one of the few pairs I'll be observing today, given the expected data on the Canadian and American dollars. This asset currently presents a bullish setup with good potential for a bearish reversal. Currently, it's at the level of 165.65, supported by demand + thirty levels. Personally, before entering long positions, I'll wait for a significant retracement to the level of 163.80, where we have a Breaker Block on the M15 timeframe. If the price reaches this level with an M15 candle showing no pin, no doji, and with volatility lower than 10 pips, we could consider a long entry. Of course, as the initial confirmation of a descent towards our entry zone, the market will need to confirm with breaks on the M15-H1-H4 of the Swing Low on the H4 timeframe at the level of 164.86. Let me know what you think, comment, and leave a like to support the hard work. Happy trading to everyone.
Short
by Forex48_TradingAcademy
2
EURNZD 13/8/23EN giving us an untradeable range here for a bullish move higher, not for what we have we will simply wait for a break as our overall bias is unclear, we did have a signal on Friday for possible downside so we will keep this in mind coming into this week, if our London open gives us a sort bias again we will look to follow that for our first entry of the week. until then we need a clear break out of our range. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by rosshayes
1 MILLION DOLLARSHello Everyone, MrBanker is here. This is a stock-to-flow analysis for Bitcoin. This model incorporates the relationship between the circulationg supply and the total number of mined bitcoin on that particular year. This theory has been proved to be true during the life span of bitcoin. Accordingly, It is expected for the price to reach 1 Million $ starting from early 2024. However, the possibility for this outcome might be seen in the late 2028 as well. If you want to become a millionere without a doubt, just but 1 BTC. Trade Safe, MrBanker
INDEX:BTCUSDLong
by Mr_Banker
8
USDJPY 24th july US dollar to the Japanese yen gave us a pretty similar scenario to the British pounds of the Japanese yen we broke bullish providing a huge range powered by news and fundamentals we now have located the lowest half of the range with our unmitigated order block we are looking for price to run back to this order block and continue pushing higher. Based off of the price action we have seen in Monday's session I am not expecting this to pull back to our poi I am expecting this to run the high though and continue moving higher. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Long
by rosshayes
USD/CHF LONG TRADE SETUP H1 BEFORE FEDIn the USD/CHF currency pair, we have a long setup after the price has broken the high at the level of 0.8680. From here, the price could move towards 0.88 since this upward movement has little resistance and is full of inefficiencies. In other words, the market has dropped too quickly, and usually, within 10-20 days, it tends to fill this gap. This is also in view of the Fed's potential interest rate increase of 0.25%. Let me know what you think. Share and like this post. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
XAUUSD Daily timeframe breakdownWith London now closed and New York slowing down after PMI news it's always good to get a broader view of how the day will end, and what the key levels are to keep an eye on going forward. The 1938 level remains the most critical level as it could act as a support level for price to retest before continuing up towards 2000. However, should this support fail to hold then 1902 would be the next target with potential of moving further down. On the bullside; should we have a daily close above 1962 we can expect another run up towards 2000.
OANDA:XAUUSD
by FriesianFX
EUR/AUD BULLISH AND BEARISH SETUPSOn EUR/AUD, we have a bearish setup following the overnight Australian Dollar data. Currently, there are two setups: Break of demand zone with a retest of the same before continuing short towards 1.63. Retracement in the 1.6540 area, where we have a Fibonacci Vertical Grid (FVG) and a Forex48 block. The latter represents a potential zone for a short entry. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
EUR/USD DOUBLE SETUPS BEFORE US RATESOn EURUSD, we have a bearish setup that is approaching the 1.1150 area, where a price reversal could occur as we have a FVG (Failed Vertical Gains). However, the price could retrace first to the 1.1217 area, where we have a Forex48 block, indicating a potential zone for a short entry. In both situations, we need the appropriate confirmation before entering the market. Let me know your thoughts in the comments. Greetings from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
1
17/07/23 Weekly outlookLast weeks high: $ 31843.6 Last weeks low: $30858.7 Midpoint: $29873.8 Post CPI week and BTC finds itself back within the same local range despite some very positive news coming from the SEC VS Ripple case. Alts rallied upon the news but BTC was capped at 31.8K, still short of the 32.5k target. I do believe that was bitcoins best chance to break above the range, the daily close on Friday 14th was a bearish engulfing and that is a worry for the bulls as all the progress from the SEC news got retraced and some... This could be the start of bitcoin unwinding should we lose the range bottom around 29.5k, the target would be to fill the inefficiency FVG around 27k before another attempt at that local high.
by ProR35