Get started

Neutralposition

WHERE IS GOLD GOING NEXT?????Dear Traders, I am a bit neutral today though I'm still a bit skewed towards bearish as gold seem to have been consolidating and may be a bit to jump into new sell trades as I believe we need to wait for confirmation. If gold is serious about continuing the bearish trend today, then it need to break the bluish zone on my chart. If Gold breaks the trend line to the upside and closes above 1748.71. look short buy to 1756 in lower time frame. If it closes below, then we might as well be heading to 1722. Any closure above 1760, please stay away and see how price reacts to 1786.72. Trade carefully and apply proper risk management. Regards
FX_IDC:XAUUSD
by Olajireolapoju
Global SPY at Major Battle ZoneTons of fundamentals will be pouring in for the next few days. Feel free to review them at dailyfx calender. 4H chart showing there is bullish divergence building on some of tradingviews free to use indicators. But there is now bear divergence building as well. This pinches the price into symmetrical wedge. Fundamentals will most likely dictate the move. Sad part is that there are literally 4-5 days of back to back high rated fundamentals to decide. I'm neutral here. And will patiently wait for a confirmation. Good luck and hope you find the right side as early as possible!
OANDA:SPX500USD
by Craig_Claussen
(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
(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
Nike Potential Buy From Current SupportI'm not a stock trader but when I see a stock at an overbought or oversold price, I just can't resist the temptation to analyze and if possible, catch some few pips in. Nike has been on a solid downtrend since December of last year, 2021, we are currently seeing prize at a major support level which was tested in May 2020, we may see two things happen at this juncture; we may see a bearish continuation if our level of support is broken, the market may continue downward to point X(65.43) before an upward reversal or it may also sell further till point Y(49.99) which would bee a good price for buyers of this stock., nonetheless, we may see the market continue upward if it breaks the 99 dollars price level till at least point T(129.81). NB: You may want to start looking for buy signals on the hourly timeframes at current support or signs of a break below structure.
NYSE:NKE
by JeffersonTrades
$XRP | How Far Can We Go?!?$XRPUSD has gone parabolic amidst positivities in the SEC trial and has rocketed to levels not seen since April 2022. It has cleared the 20MA and 50EMA on the daily with ease. The 200EMA is still in question but is looking good BUT $XRPUSD is coming in another major resistance zone that has been tested multiple times so I am awaiting on the 4hr chart to see how the trend reacts before shorting. But a great sight to see indeed. If $XRPUSD closes above this $0.51-$0.53 resistance zone and successfully above the 200EMA expect a run up to the $0.90 area. Giddy up!
BITSTAMP:XRPUSD
by CryptoHotep