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USD/JPY - technical analysis - 17/07hello, I would like to keep things as simple and clear as possible without too many stories! blue zone = demand zone - from where I expect it to grow or at least to have a reaction purple area - supply area - from where I expect the price to decrease or at least to have a reaction liquidation point = for the order flow to be respected, the price must take over that point protected point = if the price touches that point, it is possible to see a trend change liquidity = the price will take that liquidity (do not transact there) MARKET STRUCTURE at the finest level
by KronFX
1
NZD/USD - technical analysis hello, I would like to keep things as simple and clear as possible without too many stories! blue zone = demand zone - from where I expect it to grow or at least to have a reaction purple area - supply area - from where I expect the price to decrease or at least to have a reaction liquidation point = for the order flow to be respected, the price must take over that point protected point = if the price touches that point, it is possible to see a trend change liquidity = the price will take that liquidity (do not transact there) MARKET STRUCTURE at the finest level
by KronFX
GBP/USD - technical analysis - 17.07hello, I would like to keep things as simple and clear as possible without too many stories! blue zone = demand zone - from where I expect it to grow or at least to have a reaction purple area - supply area - from where I expect the price to decrease or at least to have a reaction liquidation point = for the order flow to be respected, the price must take over that point protected point = if the price touches that point, it is possible to see a trend change liquidity = the price will take that liquidity (do not transact there) MARKET STRUCTURE at the finest level
by KronFX
Smart Money Concepts swing trading odyssey|Ep.12|8R long|EURUSDBack yet again with the Phase C continuation limit order entry model for swing trading, using ICT's SMC toolkit. This is again being documented as a reference for my future YouTube channel. This description took too long to write, sorry if price has moved away from where I got tagged in... So, these Phase C swing trades are proving to be a bane - the last one on Gold went sideways for about 2 weeks leading to me closing it today before inflation news with DXY showing weakness. Fed sentiment: Hawkish? The bond market says another 0.25% rate hike is likely and I think it has been priced in for a while. US inflation slowly coming down; 5% down to 4% y/y. Month on month it's not improving though and employment is only just starting to maybe drop, meaning room for another interest rate hike to tighten the economy. Trader sentiment: risk on (inflation easing + stock market rallying) On the Euro side, employment seems to be going up, and inflation is still too high. A rate hike is practically a given with the ECB having room to do it. Overall sentiment: The 0.25% rate hike seems to be baked in, and in spite of that, EURUSD continues to form a technical pattern that implies it's going higher. If the Fed doesn't make the expected rate hike, it will likely just accelerate Euro's move up. I am forecasting a technical move up more than a fundamental one. At LEAST to fill in the weekly FVG - if not breaking the last supply zone creating a new high for the year - but with the Fed expected to hold rates ~5% until possibly 2024 v.s. the pace of Europe's hikes and their stagnant GDP putting a limiter on their hikes, right now I don't see how EURUSD could rally much higher than that (but maybe this is just a lack of understanding on my part?) Technicals: W pattern formed on daily TF creating new demand zone. SMT divergence with the DXY gives me confidence that market makers won't push price lower during FOMC tomorrow. Entry: Phase C pullback into discount/50% of 4h swing low/daily bullish OB. As I said above, the SMT divs with Dollar gives me confidence to put my stop below the last 4h swing low despite news tomorrow, which could give an opportunity to scale in with bigger size, providing Euro doesn't just slip 60 pips in the blink of an eye. Exit/Terminus: mid-point of the gap (volume imbalance) on the weekly TF + old weekly high, which is an 8R trade. I plan to partial at the last supply zone which begins at ~$1.09500. Confidence: 7.5/10 for directional bias & 6/10 that they won't stop me out during FOMC tomorrow 😋. Here is the weekly chart. Notice the red box which is the volume imbalance I am using as my Terminus/DOL:
Long
by SmartMoneyConceptsOnYouTube
EUR/USD Prediction on 14.07.2023Despite some fluctuations and occasional rallies, the Euro (EUR) remains in a bearish state. Several factors contribute to this ongoing bearishness in the EUR. Firstly, the economic performance of the Eurozone has been underwhelming. The region continues to face challenges such as high unemployment rates, sluggish growth, and structural issues within individual member states. These factors weigh on the overall confidence in the Euro, discouraging investors and contributing to a bearish sentiment. Secondly, political uncertainties within the Eurozone have further weakened the EUR. Disagreements and divisions among member states, particularly regarding fiscal policies and the future direction of the European Union, have created uncertainty and hindered the Euro's strength. Issues such as Brexit and the ongoing concerns surrounding Italy's debt situation have also added to the bearish sentiment. Additionally, the divergence in monetary policies between the European Central Bank (ECB) and other major central banks, such as the US Federal Reserve, has also had an impact. The ECB has maintained an accommodative monetary policy stance, with low interest rates and quantitative easing measures, while other central banks have started tightening their policies. This divergence creates a less favorable environment for the Euro, making it less attractive for investors seeking higher yields. Furthermore, global factors such as trade tensions and geopolitical risks also contribute to the Euro's bearishness. Uncertainty surrounding international trade relations, particularly between major economies like the United States and China, can lead to market volatility and risk aversion, which typically favors safe-haven currencies over the Euro. It is important to note that market dynamics can change quickly, and the Euro's performance is subject to various influences. However, as of now, the prevailing factors mentioned above suggest that the Euro remains in a bearish state. Investors and traders should carefully consider these factors and closely monitor the economic and political developments within the Eurozone to make informed decisions regarding the Euro.
by mazayafx
TOP 10 Money MYTHSAre you tired of hearing the monotonous refrains of personal finance advice that seems to pervade every medium? “Create a budget,” “spend less than you earn,” – it's an endless loop. It is time to dissect and debunk 10 persistent myths that shroud the domain of personal finance. 1. Debt is Always Detrimental. Debt is often depicted as inherently negative, but this is not always the case. It is crucial to differentiate between unwise debt, such as credit card debt, over-extended payments, and high-interest loans, and strategic debt which can be beneficial in creating value over time. 2. Credit Cards Are to be Avoided. Credit cards themselves are not inherently bad. When used judiciously, they can provide cash back, purchase insurance, discounts, and travel benefits. The key is disciplined usage and ensuring that payments are managed properly. 3. Retirement Planning Can Wait. Procrastination in retirement planning can be costly. The longer you wait to start saving, the more you will need to set aside later to achieve the same financial goals. Early investment taking advantage of compound interest is much more effective. 4. Wealth Requires a High Income. A high income does not guarantee financial security. It is not just about how much money you earn, but how effectively you manage and invest it. There are cases of individuals with modest incomes amassing significant wealth through frugal living and intelligent investing. 5. Saving Alone Leads to Wealth. Relying solely on savings is an inefficient path to wealth. The power of investing, especially in appreciating assets, is critical for wealth accumulation. Investments tend to offer higher returns over the long term compared to traditional saving methods. 6. Money Alters Your Personality. It is a common belief that money changes people, often for the worse. However, money typically amplifies pre-existing traits rather than altering a person’s character. Financial success or failure does not inherently change who you are at your core. 7. Investing is Synonymous with High-Risk. Investing involves risks, but so does not investing. With inflation, the value of money decreases over time. By not investing, you may risk having insufficient funds in the future. A balanced investment portfolio can mitigate risks and facilitate financial growth. 8. Homeownership is Essential. Owning a home is often considered an essential financial achievement, but it’s not always the best option for everyone. Homeownership comes with costs such as down payments, property taxes, maintenance, and insurance. Sometimes renting can be a more economical and flexible option. 9. Investing is Only for the Wealthy. This is a common misconception. Investing is a means by which individuals can build wealth, regardless of income level. Even modest investments, if managed wisely, can grow over time and contribute to financial stability. 10. Money is Meant to Be Spent. While it’s true that money is a medium of exchange, how you allocate your spending is important. Excessive spending on non-essential items can hinder financial growth. It’s important to focus on acquiring assets that can generate income and contribute to long-term financial security. In summary, it is essential for anyone engaged in personal finance to critically examine common assumptions and develop strategies based on informed decision-making.
TVC:DXYEducation
by financialflagship
GOLD NEUTRAL We have took profit and now we await the next moveDear Ziilllaatraders, We took some big profits again today, I bet you guys are content. But tomorrow we will have the monthly NFP news coming out again. MY ADVICE stay out and watch how the game is going to be played. Because like every NFP, the price is going to swing all sides. So one other important rule of trading is to not be greedy, we already made big profits till now look at the results you are booking instead of always wanting to trade. This is of course my advice. Let me know guys what you think. Leave a like, comment, and follow for more. STAY HEALTHY AND WEALTHY! Greetings, Ziilllaatrades
FOREXCOM:XAUUSD
by ZILATRADES
Smart Money Concepts swing trading odyssey|Ep.11|11R short|GoldTesting my own Phase C continuation limit order entry model for swing trading, using ICT's SMC toolkit. Fed sentiment: Hawkish? bond yields up/possibly more hikes/USD strength Trader sentiment: risk on? (Nasdaq rally/debt ceiling raise talks/inflation easing?) Supply/Demand factors: people still in employment and spending money means demand Overall sentiment: should be bullish if not for hawkish fed and dollar strength Technicals: Gold overbought/in premium on higher timeframes, double top pattern yet to finish playing out. SMT divergence with Silver Entry: Phase C pullback into premium of 4h swing high/fair value gap. tightened up stop because swept PDH (prev day high) giving a nice potential 11R return Exit/terminus: MT of M -OB (50% of monthly bearish order block(Mean Threshhold)) Confidence: 7/10 Weekly chart: Monthly chart (see order block):
OANDA:XAUUSDShort
by SmartMoneyConceptsOnYouTube
4
Radix XRD/BTCThe only crypto project which I did accumulate during bear market. In time I think Radix has a good change to be bigger than Polkadot and Cardano. I'd suggest you do your own research about them. 31st of july Radix Public Network upgrade from Olympia to Babylon will occur and ready build DEFI apps can move from "tech mode" to the main net, among other things. Noticeable about the weekly chart. 25EMA (yellow ema) which worked as resistance 5 times was flipped, tested and showed some support. 70/30 I'd guess this would hold. Time will tell Let's analyse few things from daily timeframe
Long
by PalenTrade
3