Gold is currently range leading up to the CPI news at 8:30. Not sure how this news will affect price but it looks like the bears are ready to take control. We will see what happens at market open. 1. Price broke from consolidation 2. Price formed a new high 3. Resistance has formed here, and price rejected 4. Support has begun to form at the level price recently...
EUR/USD Full Analysis With markets focused on the upcoming FOMC meeting on Wednesday, the EURUSD is an important pair to follow this week. Rising inflation in the US could lead to a faster pace of tapering by the Fed. With the rising divergence between the Fed and ECB (ECB policymakers are possibly considering a temporary increase in APP), the pair has potential...
We the have ONT/BTC 4hour chart: ONT is in a bullish channel with very healthy price action. Notice how we've been having double bottoms followed by a rise to the top of channel. This has happened repeatedly. In addition, taking a look at the RSI - We see that every time we had are first bottom of the series of double bottoms, the RSI was at its lowest point...
As title states - XAUUSD/Gold Update Anticipate touch and bounce off the 61.8 (1724) We are gaining signs of market structure, we anticipate a double bottom formation at our buy limit price. Leave TP's open for now. Rush, Place BUY LIMIT order at 1724.70 Rush, STOP LOSS 1720.00
🌐 MORNING MEETING - MARKET PREVIEW - JULY 08 🔴 USD INDEX The US dollar retreated from highs after the FOMC minutes release with the UST 2y-10y curve continuing its bull flattening. The falling yields suggest that the US dollar could see some selling pressure, at least against low-yielding currencies. However, with risk aversion present in the markets ahead...
Daily EURUSD Outlook FUNDAMENTALS: The weaker-than-expected ISM Services PMI was one of the reasons the market entered a risk-off mode and pushed the USD higher yesterday. EUR remains at the mercy of USD drivers given the lack of domestic drivers in the eurozone. Today's main event is the FOMC meeting minutes. Markets lack a reason to turn bearish on USD...
Hi traders, here is the daily FIST outlook for EUR/USD. FUNDAMENTALS: EUR/USD faced strong selling pressure with the opening of the London session as the US dollar recovered some ground. The 2-year yield rebounded (as mentioned in earlier posts, markets will likely continue to price-in a 2022 rate hike), which supported the greenback this morning. The German...
Good risk / reward ratio on this trade. Ascending Triangle breakout. Betting on momentum to keep going past the news release of eBay releasing Bag Autenthicating service that could help the marketplace to tap into the second-hand luxury industry. - Target Entry: $65.51 - Target Stop Loss: $63.81 - Target Exit: $75.08 - Risk / Reward Ratio: 5.63 About me - Note...
Ascending Triangle formed after a bull run. Tight Stop Loss - risky price action. - Target Entry: $105.20 - Target Stop Loss: $103.44 - Target Exit: $123.55 - Risk / Reward Ratio: 10.43 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as...
1. Price is trading below the 50 EMA on D1 2. Price is forming lower highs and lower lows 3. Price pulled back and retested the 50 EMA on the H4 4. Price is testing a downward trendline 5. Price is testing a recent support 5 confluences that affected my Bias on this trade. Hence im SELLING GBPCAD FOLLOW ME FOR MORE TRADE SIGNALS
XAUUSD is right now at a pretty important support zone, price has bounced from this price level numerous times since the start of the bull run in late November 2020. We have a few solid reasons to be long! (This is our trade of the day!) 1. The middle of the 45 Donchain Channel has acted a s a support since the last strong bull push, after the bear rejection...
Hello traders, as reports show that a trade deal between the UK and the EU becomes increasingly unlikely, our trade of the day is a short in GBP/JPY. FUNDAMENTALS Trade deal weighs on the British pound and the JPY has been overall a good performer overnight on slight risk-off flows (Nikkei 225 down.) The pound was the worst performer as investors and traders...
NZD/USD 4h chart. The price is at the bottom of the wedge pattern. Bounce is also possible, but once the bottom line is broken, there is a great opportunity for a short trade. Important rule! Open the trade only if the purple line is already broken!
Drop a like if this helps you out, its free! :) Here are some reasons why buying ETH right now is a bad idea 1: Everyone is being overly bullish right at a major resistance 2: There is hidden bearish divergence being formed on the daily 3: Declining volume suggest that we haven't yet broken any ranges and so we are not yet clear for a uptrend 4: Global funding...
Drop a like if this helps you out, its free! :) Trade Idea: Ethererum broke out of a strong resistance zone hoping to catching a wick down before further continuation upwards Reasons for trade: 1: Broke strong resistance zone 2: Sitting above 2H 200EMA hoping for a bounce there 3: No bearish Divergence present so this is unlikely to be a...
Drop a like if this helps you out, its free! :) Trade Idea 1: Descending triangle on Ethereum meaning easy short, this idea is easily invalidated with any move above the previous local high at $388 so you can put your stop above there. Trade Idea 2: This is for the more conservative trades. Wait for $377 support to break and then short it down to $356. The...
The easiest trade to take today on the Gold Future - GC. After a long drop during Asian session and European one, the American session wakes up involving huge volumes with initially a strong acceleration of the drop in price to later trace the perfect signal of a possible very profitable long entry. As the sellers has been squeezed, it is later on the buyers who...
Ascending Triangle formed into an Uptrend Corridor and new support confirmed multiple times in the past 3 days. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $3275.86 Suggested Stop Loss $3202.77 Target price $3647.41 Note that I tend to adjust stop losses in order to...