Bearish viewJust wait for Price to Pullback and Retest our Zone after that we can go Short with Minimum 1:2 RRR
Sellsignal
EURUSD looking BearishWe can go for Short in EURUSD after proper Conformation, with Right Risk Management with 1:2 RRR and there is also a Chance for Buyers if Price Fail to Sustain and Trap the Sellers.
Bearish View Here we have a Nice Head and Shoulder pattern and a Support Break just wait for a Valid Retest Conformation with Bearish Candlestick pattern which Indicates a Bearish Pressure and then we can go Short with proper Risk Management.
CAD/JPY October Setup: Bearish Divergence Confirmed with TDI
CAD/JPY October Market Structure and Trading Analysis
In the month of October, the CAD/JPY pair is exhibiting a classic open high-low-close structure, indicating a potential sell setup. This bearish outlook has now been confirmed with a TDI (Traders Dynamic Index) cross, signaling the appropriate time to consider sell entries.
Key Technical Highlights:
1. Bearish Divergence: A significant bearish divergence has been present since July 19, 2024, continuing to the current market price. This divergence suggests weakening bullish momentum and a likely shift towards a downward trend.
2. Open High Structure on Daily Timeframe: The daily chart for October reflects an open high structure, which is a strong indication of a bearish trend for the remainder of the month.
3. Overbought Conditions: Following a bullish breakout that began on October 1, 2024, the market had reached overbought levels, creating a favorable scenario for a reversal.
4. Confirmed Bearish TDI Cross: As of October 10, a bearish TDI cross has occurred, confirming the presence of sellers in the market. This cross is a key technical indicator, signaling that sell positions are now supported by market conditions.
**Take Profit Targets:**
- **Take Profit 1:** 107.250
- **Take Profit 2:** 106.500
Trading Recommendations:
Even though we have the confirmation from the TDI cross, it is essential to remain cautious and ensure that valid signals continue to align with the overall market conditions. Always apply risk management strategies to safeguard your capital while trading.
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Gold recovers - touch TREND H2 - SELL NOWXAU / USD trend forecast October 11, 2024
Gold price (XAU/USD) pulls back slightly from a three-day high, trading around $2,640 in early European trading on Friday, though still up over 0.40%. A rise in US jobless claims indicated labor market weakness, allowing the Federal Reserve to continue cutting rates. This led to a slight drop in US Treasury yields and a softer risk tone, helping gold gain for a second day.
However, stronger-than-expected US inflation data reduced the chances of another large Fed rate cut in November, supporting the US Dollar and limiting gold's gains. Traders now await the US PPI, Michigan Consumer Sentiment, and Fedspeak for further direction.
Gold recovered - broke the downtrend H1. However, the larger frame H2 - H4 still shows that the correction is still continuing. While the market psychology is worried that there will be no further interest rate cut in November.
/// SELL XAU : zone 2652-2655
SL: 2660
TP: 50 - 100 - 300 pips (2625)
Safe and profitable trading
XAU down! correction 10/10/2024XAU / USD trend forecast October 10, 2024
Gold continued its decline for the sixth straight day after the Federal Reserve (Fed) released its September Meeting Minutes. The Minutes revealed that most FOMC members supported a 50-basis-point cut, though XAU/USD remains near $2,610, down 0.37%.
While some officials preferred a 25 bps cut, all agreed on lowering rates. Most participants saw inflation risks decreasing, while concerns about the labor market increased.
H1 frame shows Gold price correction - amid news of China stopping gold purchases continuing to impact further bullish momentum. Price continues to correct below 2600
/// SELL XAU : zone 2623-2626
SL: 2631
TP: 50 - 100 - 300 pips (2596)
Safe and profitable trading
CPI ! Opportunity for gold price to fall below 2600⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) edged higher during the Asian session on Thursday, ending a six-day losing streak that brought it to a nearly three-week low. The US Dollar (USD) is in a consolidation phase as traders await the US Consumer Price Index (CPI) data release. This repositioning has provided some support to gold.
However, a significant rally in gold seems unlikely due to reduced expectations for aggressive rate cuts by the Federal Reserve (Fed), as highlighted by the September FOMC meeting minutes. Elevated US Treasury yields may continue to limit gains, requiring strong buying to signal the end of gold's recent corrective decline from its all-time high.
⭐️ Personal comments NOVA:
The long-term framework H1, H4 shows that sellers prevail - the downward correction will continue towards below $2600
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2583 - $2585 SL $2578
TP1: $2590
TP2: $2600
TP3: $2610
🔥SELL GOLD zone: $2649 - $2651 SL $2656
TP1: $2644
TP2: $2638
TP3: $2630
Pay attention to the trendline resistance area H1: 2633
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
EUR/JPY October Market Outlook: Bearish Setup with Key Sell Sign
EUR/JPY October Market Structure and Trading Insights
The monthly structure for EUR/JPY in October shows an open high-low-close pattern, which is indicative of a potential sell setup. However, we are currently waiting for confirmation in the form of a TDI (Traders Dynamic Index) cross, which will signal when to enter sell positions.
Key Points to Note:
1. Bearish Divergence: From August 16, 2024, through the current market high, we observe a clear bearish divergence. This is often a precursor to downward movement and strengthens the case for a sell setup.
2. Daily Timeframe Open High Structure: The daily chart for October reflects an open-high structure, reinforcing the bearish outlook for the month.
3. Overbought Market Conditions: Since the bullish breakout on October 1, 2024, the price has been in an overbought zone. This suggests that a reversal is likely as the market corrects from these elevated levels.
4. Double Top ('M') Pattern: There is a visible double top pattern, also known as an 'M' pattern, on the daily chart. The second leg of this 'M' pattern looks particularly strong, further signaling a potential bearish move.
5. TDI Cross as Confirmation: A bearish TDI cross will serve as a confirmation of the presence of sellers. This signal is essential to validate the entry for sell trades.
Take Profit Levels:
- Take Profit 1: 161.600
- Take Profit 2: 160.500
Trading Advice:
It is important to exercise patience and wait for valid confirmation signals, such as the TDI cross, before entering any trades. Always approach the market with caution, utilizing sound risk management strategies to safeguard your capital.
If you found this analysis helpful, please consider liking, commenting, and following for future updates. I will gladly return the follow. Best of luck with your trades!
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USD/JPY October Market Analysis: Bearish Structure and Key Sell
USD/JPY October Market Analysis and Trading Setup
In the month of October, we are observing an open high-low-close structure on the USD/JPY, which strongly suggests the development of a potential sell setup. At this point, we are awaiting further confirmation through a TDI (Traders Dynamic Index) cross, which will signal the appropriate entry points for sell positions.
Key Observations:
1. Bearish Divergence: Since August 16, 2024, there has been a clear bearish divergence, extending from that date to the current market high.
2. Daily Timeframe Structure: The open-high structure on the daily chart for October further strengthens the bearish outlook.
3. Overbought Conditions: The market appears significantly overbought, following a bullish breakout that began on October 1, 2024.
4. TDI Cross as Confirmation: A bearish cross in the TDI indicator will serve as confirmation of the presence of sellers, providing an essential signal for initiating sell positions.
Targeted Take Profit Levels:
- Take Profit 1: 147.500
- Take Profit 2: 146.500
- Take Profit 3: 145.500
- Take Profit 4: 144.500
Trading Advice:
It is crucial to wait for valid signals, such as the TDI cross, to confirm entries before taking action. Always trade with caution, and ensure risk management strategies are in place to protect your capital.
If you found this analysis helpful, please like, comment, and follow for more updates. I will gladly follow back. Wishing you success in your trades!
FOMC ! Is this a sharp decline or correction?⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) dropped nearly 1.5% on Tuesday, reaching a three-week low but found support near the $2,600 level. The stronger US Dollar, driven by reduced expectations of a large Federal Reserve (Fed) rate cut, pressured the non-yielding gold. Additionally, news of a potential ceasefire between Hezbollah and Israel further weighed on the safe-haven metal, pushing it below $2,630.
However, the decline paused as traders await the release of the September FOMC meeting minutes on Wednesday, along with US inflation data (CPI and PPI) later this week, which will influence the Fed’s rate outlook. In the meantime, the subdued USD could help limit further losses for gold
⭐️Personal comments NOVA:
Gold price BREAK through the zone 2625 - 2671 - following a downtrend after news that the Chinese government has unfavorable policies for gold. Adjusted cadence is necessary
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2595 - $2597 SL $2590
TP1: $2602
TP2: $2610
TP3: $2620
🔥BUY GOLD zone: $2606 - $2604 SL $2601
TP1: $2610
TP2: $2615
TP3: $2620
🔥SELL GOLD zone: $2643 - $2645 SL $2650
TP1: $2635
TP2: $2620
TP3: $2610
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Sideways ! The explosion is about to take place in October! XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) stays under pressure during Tuesday’s Asian session, hovering just above the lower end of a short-term range. Investors are lowering expectations for a large interest rate cut by the Federal Reserve (Fed) in November, as the US labor market shows signs of strength, which weighs on gold.
Meanwhile, the US Dollar (USD) has retreated from its seven-week high hit on Friday, as traders await Wednesday’s FOMC meeting minutes. Additionally, key US inflation data, including the Consumer Price Index (CPI) on Thursday and the Producer Price Index (PPI) on Friday, will shape the outlook for Fed rate cuts and impact both the USD and gold.
⭐️Personal comments NOVA:
Frame H1 moves in the downtrend line, mainly sideways. Nova is inclined to reduce sideways to the 2624-2627 area to create liquidity and continue to increase. The long-term trend is still up
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2624 - $2626 SL $2618
TP1: $2635
TP2: $2650
TP3: $2672
🔥SELL GOLD zone: $2661 - $2663 SL $2666 scalping
TP1: $2655
TP2: $2648
TP3: $2640
🔥SELL GOLD zone: $2684 - $2686 SL $2691
TP1: $2678
TP2: $2670
TP3: $2660
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAU/USD Demand Break Analysis and Strategic Sell ZonesWe perform a thorough study of the XAU/USD pair in this trade idea, concentrating on significant demand break levels. We will search for a sell opportunity with a target of 2622 if the market breaks below the demand level at 2638 and closes below it. This strategy enables us to efficiently manage risk and profit from negative momentum.
On the other hand, we see a low-risk selling opportunity in the 2660–65 zone if the market continues higher. This tactical method is appropriate for both novice and seasoned traders since it blends technical research with obvious entry and exit locations.
Important Points:
Level of Demand: 2638
Sell Point: 2621
Resistance Range for Possible Sale: 2660–65
Risk management: Prioritizing opportunities with minimal risk
Sideway - little volatility on the first Monday of the week⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its decline for the fourth straight day, trading near $2,650 during early Monday’s Asian session. The stronger US Dollar, following Friday's upbeat Nonfarm Payrolls (NFP) data, is putting downward pressure on gold.
The US added 254,000 jobs in September, exceeding August’s revised 159,000 and the market expectation of 140,000. The Unemployment Rate fell to 4.1% from 4.2%. These positive US data reduce hopes of deeper interest rate cuts by the Federal Reserve, boosting the USD and weighing on gold, which is priced in dollars.
⭐️Personal comments NOVA:
There is not too much information and important economic news, sideway gold price on Monday at the beginning of the week: 2625 - 2660
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2628 - $2630 SL $2623
TP1: $2638
TP2: $2644
TP3: $2650
🔥SELL GOLD zone: $2670 - $2672 SL $2677
TP1: $2660
TP2: $2650
TP3: $2640
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
analysis of the eurusd market structureSo I found a value line at the 1.086 line coming out of a contraction box in 17-18 may 2024.
Price currently at 1.097 heading downwards to the value line.
Listen / watch the video screen recording for more info.
Potential EURAUD Sell Setup: Watch for Bearish TDI Cross. TP LevEURAUD's monthly structure on the daily timeframe shows an OHLC setup indicative of a potential sell opportunity. We’re currently awaiting a bearish TDI cross to confirm the presence of sellers in the market.
My target levels for take profit are as follows:
First at 1.65411,
Second at 1.64378
Third at 1.63374 (monthly open on the daily timeframe) .
Please trade with caution. If you find this analysis helpful, please support it with a comment, like, and share.
GBPJPY Down? - (Update)GBPJPY . Potential short opportunity.
This is an update on the previous analysis we have posted.
We have been waiting on the break of our 192.000 level since our yesterday’s analysis.
We believe that GBPJPY will continue to the downside after coming down to our PBA 2 (Pull Back Area) and breaking it (192.000). Our entry is sitting at the break at 192.000 . Breaking our PBA 1 at 190.000 would be confirming our sells and possible lower lows. Our SL (Stop Loss) is sitting slightly above PBA 2 at 193.590 . Our TP (Take Profit) is at 188.055 .
PARAMETERS
- Entry: 192.000
- SL: 193.590
- TP: 188.055
KEY NOTES
- GBPJPY has broken below our PBA 2.
- Break below 190.000 would confirm our sells
- Break above our SL would result in higher highs and invalidate the trade idea.
Happy trading!
FxPocket
GBPUSD LONG TERM SELLSWeekly Supply in Control, waiting for a reversal to potential supply zone and reaction to take a sell. The reactor might come from NFP tomorrow, if it continues to drop without retracement, we can conclude long-term sells in confluence with the monthly timeframe.
GBPUSD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone
GBPUSD moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Huge border jam XAU 2625 - 2671! wait for ADP-NF⭐️Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped during early European trading on Wednesday, giving back part of the previous day's 1% surge, which was driven by escalating tensions in the Middle East. Concerns of a wider conflict rose after Iran fired ballistic missiles at Israel, increasing demand for the safe-haven asset. However, reduced expectations for aggressive rate cuts by the Federal Reserve (Fed) limited further gains for gold.
At the same time, the US Dollar held onto its recent recovery, supported by a resilient labor market, which also weighed on gold. Despite this, XAU/USD remains close to last week's record high, with the overall outlook still favoring bulls. Traders now await the US ADP employment report for direction, ahead of Friday's key Nonfarm Payrolls data.
⭐️ Personal comments NOVA:
Gold prices rose sharply after yesterday's war news - but fell sharply afterwards - moving within a large range awaiting this week's ADP-NF and NF data
⭐️ SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2635 - $2637 SL $2630
TP1: $2645
TP2: $2660
TP3: $2672
🔥 BUY GOLD zone: $2620 - $2622 SL $2615
TP1: $2635
TP2: $2645
TP3: $2660
🔥 SELL GOLD zone: $2681 - $2683 SL $2688
TP1: $2670
TP2: $2660
TP3: $2650
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
EURJPY ! trendline + resistance ! SELL NOW ⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Frame H1 creates a trendline and resistance. Overbought has formed, setting up a SELL signal. Today, October 2, 2024, there is no important news for these two currencies
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 159.600 - 159.800 SL 160.100
TP1: 159.300
TP2: 159.000
TP3: 158.000
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAU correction - market balance ! DOWN ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/30 - 10/04/2024
🔥 World situation:
Gold dropped to a three-day low below $2,650 after the US Bureau of Economic Analysis (BEA) reported that September inflation is moving closer to the Federal Reserve's (Fed) target. Despite expectations for more Fed rate cuts, gold struggled as traders likely took profits. Currently, XAU/USD is trading at $2,657, down nearly 0.50%.
Earlier, the BEA announced that the Fed's preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index, showed progress toward the 2% goal in August. Core PCE also rose slightly compared to July’s data.
🔥 Identify:
Gold price completed 5 elliott waves, H4 frame uptrend. Waiting for gold correction chip to decrease in the near future
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2685, $2702
Support : $2643, $2628, 2571
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAU | USD! sideway downtrend 10/1/24XAU / USD trend forecast October 1, 2024
Gold price (XAU/USD) holds modest gains in early European trading on Tuesday but remains below last week's record high. Fed Chair Jerome Powell's hawkish remarks on Monday led investors to reduce expectations of aggressive rate cuts. This supported the US Dollar, which continues to recover from its lowest level since July 2023, creating a headwind for gold.
Based on M30, price adjustment h1 frame, XAU down
/// BUY XAU : zone 2624-2626
SL: 2618
TP: 50 - 100 - 150 pips (2639)
Safe and profitable trading
XAU bearish sideway - waiting for NF this week⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION :
Gold prices (XAU/USD) ticked up slightly during the Asian session on Tuesday, halting a two-day decline and pausing the recent pullback from last week’s all-time high. However, the increase lacks strong momentum due to modest US Dollar strength, supported by Federal Reserve Chair Jerome Powell's hawkish comments on Monday and optimism around China's stimulus efforts, both limiting gains for the safe-haven asset.
That said, significant declines in gold remain unlikely, given ongoing geopolitical tensions in the Middle East. Additionally, expectations of further US rate cuts amid slowing inflation and hopes for China's stimulus to boost physical demand should continue to support XAU/USD. Traders are now awaiting US macroeconomic data and Fed commentary for further direction.
⭐️Personal comments NOVA:
Gold price clearly shows a downward adjustment trend in the H1 frame - sideway price range 2625 - 2648 waiting for NF this week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2628 - $2626 SL $2620
TP1: $2633
TP2: $2640
TP3: $2648
🔥SELL GOLD zone: $2648 - $2650 SL $2655
TP1: $2640
TP2: $2633
TP3: $2625
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
