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EUR/AUD H1 | Swing-high resistance at 61.8% Fibo retracementEUR/AUD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.6216 which is a swing-high resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 1.6275 which is a level that sits above the 61.8% Fibonacci retracement level and a multi-swing-high resistance.
Take profit is at 1.6145 which is a multi-swing-low support that aligns close to the 61.8% Fibonacci retracement level.
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Why Is Gold and The Dollar Moving Up Together? Hey there,
You may have noticed that Gold has been making record highs, and while in the past this would come at the cost of a weaker dollar, we see this time the dollar has actually hit a two and a half month high.
So, how is this possible? Well, in today's video we explore the possible reason behind this unusual term of events and bring clarity to those of you who might be wondering what exactly is going on in the background.
NVDA Bearish Elliott Wave AnalysisDisclaimer: I did this analysis with a strong bias that the market is overrun and purposely look for a bearish case for NVDA since it seems to be the one stock that is forcefully pulling the indices up. All other usual way of analyzing waves will give NVDA a target above $153.
In this analysis, I gave the following points:
1. On the weekly chart, we can see a clear downtrend in volume (can be seen on daily too).
2. RSI divergence on the daily.
3. An irregular correction W-X-Y-X-Z.
4. Fibonacci Target of the last wave.
Please use this with caution and only as a reference on how a bearish case for NVDA could be.
XAUUSD Update and How To Day Trade GOLD👀👉 This is an update to my previous video. In that session, I discussed the importance of identifying a retracement and waiting for a bullish structure break to enter long positions. In this video, we will analyze gold on a lower timeframe, specifically focusing on strategies for engaging with the trend on a 15-minute chart. Disclaimer: This video is intended for educational purposes only and should not be considered financial advice. 📊✅
update on the GBPJPY analysis on 22 october 2024overall price followed the intended direction on the higher time frame as analysed.
from our point of interest we needed to understand clearly how price will react before executing and long positions trade. as seen on the video patience and allow price to show its intended direction is very important
Smart money uses a system. This is mine "Smart money" doesn’t rely on luck—it relies on a system. Consistency beats chaos, especially when it comes to navigating the markets. I’ve built my own system for making informed decisions, and it's been a game-changer for me.
In this post, I'll give you a look into how I structure my approach. It's not about predicting every move perfectly; it's about creating a framework that helps stack the odds in your favor over time.
Let me know if you use a similar strategy or if you've got questions about building your own system—I'm always up for a good conversation about how to make the markets work for you.
US bond bloodbath powers USD/JPY above key levelHigher US Treasury yields has propelled USD/JPY through the 200DMA and 151.95, the latter an important technical level corresponding with prior episodes of Bank of Japan intervention.
If it manages to hold above 151.95, traders could consider buying the break with a tight stop either below it or the 200DMA for protection. There's little visible resistance evident until above 155, and even then it's minor. 155.40 is one potential target.
Given yield differentials between the US and Japan, you could argue USD/JPY should be higher based on where it traded earlier this year when spreads sat at similar levels.