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XAUUSD | Market outlook Possible corrective move before Bearish trend continuation. DXY is not much stronger. Despite a significant increase in inflation, which exceeded 5%, at yesterday's meeting, the US Federal Reserve decided to leave the parameters of monetary policy unchanged, and, according to the comments, a revision of the volume of bond buybacks will become possible only next year, when the current parameters of inflation and employment are adjusted. Main trend is bearish as incomplete bearish pattern. Best to sell on rallies around 1842-1858 Note: Market can continue Bearish move without an upside correction.
OANDA:XAUUSDShort
by DynamicCapital-FX
FRACTAL BASE FIBONACCI OFFSET - AUDJPYUsing the fibonacci tool on the market structure break upleg does not always give an entry as price turns before the golden ratio quite often. Over a sample size, if you study the market structure break upleg/swing you notice that it occurs in three legs mostly. The retracements of the market structure break never make it to the first leg and most times the retracement occurs to the second leg before another swing up of same length as structure break swing. To catch this retracement I usually identify the fractal bases before the structure break swing. In my own logic,the fractal base is the upside down V with two lows; the last one lower than the first since it is the liquidity grab (liquidiy grabs occur before markets change direction). Having a fib stretch from the first(and higher) low to the high of the market structure break will often give you a golden ratio/ optimal trade entry on retracement!! not financial advise
Long
by qnafx
$EURUSD - JUDAS SWING - Low of the week hit. (Idea)I personally called a buy to myself earlier this morning because I'm anticipating prices to get to 1.184-1.185 ish before we start to see a down trend. Here's The trade I personally called. I had a limit set and it hit in London and I woke up in profit so my natural instinct is that we would have a buying bias going into today anticipating that high for the week. Then I saw another buy opportunity and took that. And as you can see, that didn't work out So like any normal trader I waited to see what was actually going on. And I still have my chart marked up with all of the order blocks and I couldn't have been more surprised to see that it hit the same order block from last week. So I bought based on that. It hasn't made a lower low so my analysis stands that it will eventually get to my high that I'm anticipating which is 1.184-1.185 ish. I've done too much analysis on this chart but I just got hit with something I didn't expect today. But that's ok. It just gives me another chance to get back to where it is going to be. So here's my current position to my current aim. P.S. I don't believe in trend lines. Only discount prices.
Long
by BodiesXWix