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XAUUSD Simple buys in London (60 pips!)Good morning gold gang!!! happy friday
So gold ranged at our key level for most of asian and broke with volume around 6am gmt to the upside. I was up and at the charts and entered on the break of the candle high as forecast yesterday and rode it up to tp1 for 60 pips!
Im expecting price now to push to the top key level for a further 40 ish pips. I have already taken partials and if you were in the trade too, id expect you to be taking money off the table as well as risk.
DXY is breaking its momentum to the upside so lets see if we can make higher prices still for xauusd .. ill know by lunch time gmt
another successful analysis here from your friend
tommyxau
DASH DoorDash Options Ahead of EarningsAfter the record users and orders in the pandemic:
Now DASH is threatened by UBER eats and other food delivery apps while orders are declining thanks to the covid restrictions lift.
Looking at the DASH DoorDash options chain ahead of earnings , I would buy the $55 strike price Puts with
2023-3-17 expiration date for about
$4.40 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
If you want to buy it for the long run, after these earnings retracement, it might not be a bad idea.
Food delivery is here to stay!
Looking forward to read your opinion about it.
EURUSD Today Analysis By Forex PharmacyEURUSD Analysis with complete chart patterns.
There is a Head and Shoulder Formation.
Also, A Three Drive pattern.
and Market structure may give us a Sell opportunity with 20 pip SL and 100 PIP TP.
Do support me if you like my working I can share many more analyses.
Regards,
M Raheel Khan
Forex Pharmacy
UsdJpy- 131 zone holds the keySince the end of October last year, UsdJpy has dropped 2500 pips from top to bottom.
However, considering the rise of 50% of the pair since the beginning of 2021, this is just a correction of the long-term trend and, in fact, the pair seems to have found a bottom exactly in 50% Fibo retracement of this strong bull leg.
At this moment the pair is consolidating under the important 131 resistance, and a break above this level could lead to gains to the 135 zone resistance in the medium term.
I'm bullish on this pair, waiting for confirmation though
Lingrid | GOLD ranging MARKET. ShortThe market tested resistance and dropped by forming a double top. I think gold might go down to test support from resistance if price makes a fakeout or double top because price shows overbought condition and divergence at the resistance on 4H timeframe. I think it will go down if price rolls back to recent resistance and trendline which is upper border of the channel that was rejected multiple times. My goal is the support level at 1915.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
NZDJPY: Short Trade Explained 🇳🇿🇯🇵
Here on NZDJPY pair, I spotted a perfect example of a top-down confirmation trade.
Approaching a key level, the price formed a head & shoulders pattern on 1H time frame.
Its neckline was broken, and the candle closed below that.
We can go short from a broken neckline.
Goals: 84.09 / 83.73
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GBPNZD > Strong Demand Zone, Wedge Pattern, a Key Market Level!!Analysis of #GBPNZD
Hi traders, today we will have a look at #GBPNZD
looking at the chat right now you can see the market has tested the structure support zone and showed a bullish reaction also we have the market inside a falling wedge pattern at the structure also key market level of 1.9000, which usually break to the upside
if the market will test again this level I will drop a one-time frame and look for a reason to enter with a good reward to risk
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
GBPAUD > The Best Possible Levels for A Good Buy Entry!! Analysis of #GBPAUD
Hi traders, today we will have a look at #GBPAUD
as you can see we have the market dropping down to test the lows near 1.7500, currently the market is at the resistance zone, if you look at the left side of the chart you can see there are multiple levels of resistance in this area
so I expect the market to test the lowes, we have 2 levels that interest me, the 4-hour structure support level and the daily structured support level as laid out on my chart
if the market drops and test this zone I will then drop the lower time frame looking for a double bottom, or bearish candle formation, better if I get a harmonic pattern I can then enter with a limit order, lets what the market will give
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
DXY- The chart show a lot of bottiming signsIf you read my analysis you know that I'm bullish USD and although so far the reversal keeps us waiting, my opinion remains the same.
Looking at the Dxy chart we can see that since Monday USD is showing some life with yesterday being a very agitated and volatile day.
Usually, big volatility is a sign of reversal, and yesterday's low could mark the bottom
Technically all the candles since Monday are reversal ones so a test of 103.50 resistance, in the short term, is very probable.
Anyway, I will remain bullish in the long run USD, and in my opinion, there is much more room for up than down.
I'm looking for good points to sell EurUsd and GbpUsd
NZDUSD > I Like This Idea More than The One on My AUDUSD IdeaAnalysis of #NZDUSD
Hi traders, today we will have a look at #NZDUSD
similar to my previous Idea here we have another trend line support with the previous structure support level but here as you can see we have a Double trend line coinciding ain't the same level which is 0.64200
it would be a good idea to start looking for a buy if the market actually tests this area, what are you will do when the market tests my support zone, I will drop a one-time frame to start looking for a reversal pattern for confirmation that the market actually bottoming and we are turning bullish from this area and if the market is turning bullish from this area will look to enter buy trade with good risk to reward if the rules are met
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
NZDCAD: a SHORT TERM BUYHello, everybody and welcome to BIGPAPA Forex, today we are going to be analyzing the NZDCAD pair, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities
EURJPY > The Best to Place to Buy, Possible 400 Pips!!Analysis of #EURJPY
Hi traders, today we will have a look at #EURJPY
If you look at the chart here as you can see we are at the daily time frame and I can see immediately that we have a strong structure support level just near the 138.00 area as you can see traders pushed the market up from there at this level
So I think the market may come and test structure support again, and if the market actually tests this zone I will drop a one-time frame for the one-hour time frame to look for a reversal pattern to confirm the market is turning bullish before getting a buy trade
as you can see this move is not difficult the market has done it twice to the upside and then back to the downside, 400 pips may come again and provide another 400 pips
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
USDCAD > Simple Trendline Support Buy Idea!!Analysis of #USDCAD
Hi traders, today we will have a look at #USDCAD
as you can see looking at the chart the market is falling down and might be wanting to test the trendline support and the structure support level which is also 1.3300 key market level
if the market comes down and tests my trendline support and structure support level I will drop a one-time frame to two to look for a reason to enter the market if the rules for entry are met and if it's providing a good reward to risk
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
CADJPY: a SHORT TERM BUYHello, everybody and welcome to BIGPAPA Forex, today we are going to be analyzing the CADJPY pair, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities
NOTV Inotiv Options Ahead of EarningsLooking at the NOTV Inotiv options chain ahead of earnings , I would buy the $5 strike price at the money Puts with
2023-1-20 expiration date for about
$0.52 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
AudUsd- Next stop to 0.7150?Since the beginning of December, AudUsd has traded in a range between 0.67 and 0.69.
Now the pair looks ready for an up break and the target for this leg up is 0.7150 resistance.
I'm bullish AudUsd as long as 0.67 is intact and traders should look for buying dips in search for a good R:R
Nasdaq could rise to 11500Friday, Nas100, nicely reversed from important horizontal support from 10600 zone, leaving a bullish engulfing on our daily chart.
Also, the price action since late December is drawing a double bottom with confirmation above 11100.
If we have this confirmation, the technology index could continue its rise to 11500 zone resistance.
Buying dips against support could be a good strategy.
BTC BREAKDOWN AFTER FOMC MINUTESGreetings dear traders, today I expect even after yesterday's not entirely bullish FOMC minutes that we will maintain the trend up to about $17100 but my prediction for long is from the price of $16732
If we close below this marked level we will go lower to $16600 to $16520 which I don't believe at all today
EurNzd could rise back above 1.7 figureConsidering the double bottom from March and April 2022, EurNzd reversed its trend and started to trade in an up channel.
The pair made a high at the 1.75 zone in November and started to fall back to support.
From this support, the pair started to rise again and late December found the pair consolidating and slightly correcting this new leg up.
Yesterday's Pin Bac could be an indication that a new leg up will follow and a break back above 1.7 is probable.
Medium-term traders could have 1.75 as their target for buy trades and negation comes under yesterday's low
BTC/USD 30MIN BREAKDOWNGreetings dear traders on my first analysis of the new year! Today we look directly at Bitcoin on the 30 minute chart, from a daily perspective I see a lot of liquidity at the level between $16520 to $16600 where the whales could take a short term swing long and appreciate a little over 3%