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Neutral

(GBPUSD) Wed, 23 November 2022 SetupOANDA:GBPUSD GBPUSD Neutral bias Status: Open short position and waiting for breakeven confirmation What do I see? - VIX could go bullish as it's on its major Daily low, resulting in USDCHF going bullish. - Low volatility as the market waits for Durable Goods Orders MoM, New Home Sales, and FOMC Minutes report. - Could result in a sideways market in the long run, as people couldn't conclude the direction of the market. Technically speaking both the bulls and the bears are equally strong right now, so let's see how the reports would go. What I would do? - If the reports got a bullish response, I'll go for breakeven and reconsider going bullish. vice versa. Happy Trading! Good luck!
TVC:VIX
by Tenozen
(GBPUSD) Thu, 17 November 2022 SetupOANDA:GBPUSD GBPUSD Neutral bias. Status: Waiting for confirmation What do I see? - Traders are waiting for Building Permits Prel and Housing Starts Report. As the market is aspected to go sideways, both of those reports could impact significantly our next decision regarding the direction of the market. - The market is biased both ways, creating a liquidity pool. What I would do? - Wait for Building Permits Prel and Housing Starts Report. Happy Trading! Good luck!
by Tenozen
(GBPUSD) Tues, 15 November 2022 SetupOANDA:GBPUSD GBPUSD Neutral Bias Reason: - Waiting for the PPI MoM report Potential Scenario for Tuesday, 15 November 2022: - If PPI MoM gives a bullish sentiment, we will seek to buy. vice versa. Yesterday's review: - As I conclude the market potential would go sideways, and it did; as the scenario reflected. I would wait for the PPI MoM report to confirm the market movement. I'll share my perspective soon after the PPI MoM report is released. Happy Trading! Good luck!
by Tenozen
GOLD IDEA IN THE MEDIUM TERMHi Traders, I just took my time to look at my gold chart in much details strictly on the daily and I found out Gold may be retesting the 1790 -1802 zone with a possibility of extension to 1808 zone. hence the reason for SL above that Zone. If you look very closely, you will see that price is currently trading within the yellow zone after the rejection of the 50% fib, which might just be a retracement to the 38.2% fib ZONE where price took off 3 trading days ago after breaking the 50EMA to test the most recent BEARISH ORDER BLOCK. That same order block is currently being rejected and the inability for price to break above it may mean that gold would have to fill the imbalance created on the congress election day and take price back to the 1675-1684 zone before a major bullish run towards the 1790 -1802 zone. It is however important to know that the W-Patter formation is yet to be confirmed and that needs to be confirm before getting to the 1680 zone for the next bullish run, however, this may have been confirmed already in lower time frame and may have made the pattern valid. All I see is the need for patience and getting confirmations right before getting into a trade. I would like to see the imbalance correction before any bullish run, otherwise, it may be dangerous to get into a buy trade at the moment. Trade with care and proper risk management. Enjoy the rest of the trading days of the week.
OANDA:XAUUSD
by Olajireolapoju
(GBPUSD) Mon, 14 November 2022 Setup 3OANDA:GBPUSD GBPUSD Long bias. Status: Closed Position What I see? It seems that the market would go sideways as the volatility is low or it gonna go down hitting the next support level. The bull is pretty much weak right now, so best to wait for the market. What I would do? - I'll wait and see how the market goes, because the market will probably go sideways, I'll trade base on the given range (1.16199 - 1.18795). - I'll do an entry on the next support level (1.16199 - 1.16403), but if it won't hit, I'll wait how the PPI MoM goes. Key point: - Best is to wait. Happy Trading! Goodluck!
by Tenozen
3
Back to neutral, with a tighter squeeze now.I am still waiting for another long position since March when we were at 47.5k! We are back in the neutral zone yet again with the bands constricting tighter around the center. The red resistance band up top is crashing down, while the support zone below DOUBLE bands. The support is looking stronger, and I am leaning towards long here, but not yet. We are entering November, December which is usually Bear months. I still need more confirmation that the current price can push towards the resistance.
COINBASE:BTCUSD
by coinofthewest