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GBPUSDAfter yesterday's impulsive movement, the price, without touching the PDH, started moving in a short direction on the lower timeframe. On the chat, I noted liquidity work (covering imbalances, working with fractals). It's important to note that the context on the hourly timeframe remained unchanged despite the emergence of short movement. Tomorrow, I am ready to work in both directions—both short and long—since an sufficient number of imbalances has not been covered yet. However, there are also higher targets, such as equal highs and the absence of work with PDH. On the second chart, I provided an example of the current price movement from a higher timeframe to a lower one, as traders often make the mistake of incorrectly identifying the context
by yes_pls_max
Tesla entered the Golden ZoneTesla is ready for another leg up: - NASDAQ:TSLA Technical Reasons: Tesla has entered the golden zone - between the 0.5 and 0.18 Fib retracement Money Flow Divergence on the daily Commodity channel index divergence on the weekly Stochastic Momentum switch on the daily Already +- 5% off the lows which shows buyer are stepping in RSI is exiting oversold territory Fundamental Reasons: Tesla had a +- 35% correction after missing expectations - This has now been priced in Tesla Cyber Truck rollout commencing this quarter Growing EV penetration vs Ice vehicles Growing demand and margins in the energy storage side of the business Continued expansion of production capacity (Mexico factory has the go-ahead Continued investment and breakthroughs in real-world AI Overall robust financial performance and cashflows Obviously the potential for infinite returns due to Tesla's Optimum humanoid robot** Trade setup Pending a confirmed breakout Entry between $204 to $209 Take Profit 1 - $230 - which will start filling the gap Take Profit 2 - $242 - which will complete the gap fill Take Profit 3 - $267 - previous swing high Once TP1 hits - move stop-loss to break even for a risk free trade Good Luck
NASDAQ:TSLALong
by TraderMagz
NZDJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity NZDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
20
GBPUSD The BoE release a fresh macro forecastOn the Federal Reserve side, investors will be left wondering how they view the Fed's stance, especially the recent strong economic report, as it could give officials a reason to continue raising interest rates. We are also awaiting further guidance on the Fed's stance, including how that will affect its policy stance. However, inflation and job creation have slowed since the September meeting, suggesting the Fed will end its tightening cycle without raising rates for the remainder of 2023. Markets have already priced in a pause in Wednesday's announcement, and while a December rate hike remains unlikely, the central bank's stance is likely to impact expectations for its final meeting in 2023.
Long
by Chart_MasterPro
GBPJPY Despite further YCC correction, the BOJ disappoints The BOE is losing credibility because it is stimulating the economy too little, too late. At this week's MPC meeting, Governor Bailey will have to hide behind his message that inflation will persist for longer as it becomes more entrenched, but policymakers are keeping interest rates on hold amid concerns about the economy. UK government bonds are poised to match the general global direction and rising yields, with 10-year bonds continuing to rise towards 5%
by Chart_MasterPro
GBPCAD Canadian Recession? Not So FastI think the market understands everything better than some media reports. Canada's two-year bond yield has remained unchanged since just before the release of GDP estimates. They have outperformed on the US front end, with strong US data, including a positive surprise in the Employment Cost Index, driving higher two-year returns. This was the largest repeat increase in house prices. It's been a month since May , extending his winning streak to 6 months. U.S. consumer confidence also beat expectations, including his slightly higher inflation expectations for the year. The USD recovered after all the US data on a DXY basis, which was the main reason why the Canadian dollar fell after the combined US and Canadian data.
Long
by Chart_MasterPro
The Bank of Japan is considering adjusting YCC to allow 10-year According to the Nikkei Shimbun, which correctly warned just before the Bank of Japan's last YCC adjustment, after several YCC adjustments, the Bank of Japan realized that it was once again in a trap, and the Japanese government "may take 10 years" It seems that further adjustment is required. It's now possible. ``Bond yields are expected to exceed 1%'' at Tuesday's policy meeting. Long-term interest rates are currently capped at 1%, and the central bank conducts unlimited fixed-rate purchases to keep yields below that level, weakening the yen and further increasing inflation.
Long
by Chart_MasterPro
GBPUSD The downtrend is clearly formed through charts and news The British pound initially attempted to recover during the week, but gave up gains near the crucial 1.2350 level. At this point, GBP is likely to remain under downward pressure and could fall to the 1.1850 level. Looking ahead, we believe the 1.2350 level will be an important resistance barrier, and if we manage to break below the 1.20 level, it will actually pave the way for the 1.1850 level. Of all the major currencies, the US dollar makes the most sense at the moment.
Short
by Chart_MasterPro
2
GBPCAD Bank of Canada leaves rates on hold, sees weak growthMany indicators suggest that supply and demand in the economy are now nearing equilibrium. ” Inflation is expected to return to the 2% target by the end of 2025, slightly behind July's mid-2025 forecast, "but energy prices and ongoing core inflation will The trajectory will rise even higher,” the central bank said. Inflation is expected to fall to around 2.5% in the second half of 2024, and gross domestic product is expected to grow at an annual rate of 0.8% in both the third and fourth quarters of 2023. In July, the BoC expected annual growth to be 1.5% in the third quarter. . The central bank lowered its growth forecast for 2023 to 1.2% from 1.8% in July, and the growth rate for 2024 to 0.9%, down from its previous forecast of 1.2%.
Long
by Chart_MasterPro
NZDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
2