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GBP/USD Long, GBP/CHF Long, EUR/CAD Short and EUR/NZD LongGBP/USD Long • If price corrects and a tight flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/CHF Long • If price corrects and a tight flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/CAD Short • If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD Long • If price corrects and a tight flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
EURUSD is trending downThe euro gained 1.08% to $1.0991, the highest since Nov. 29. It is on track for its biggest daily percentage gain since Nov. 14. The ECB kept rates steady and pushed back against bets on imminent cuts to interest rates on Thursday by reaffirming that borrowing costs would remain at record highs despite lower inflation expectations. “The ECB was unable to “out-dove” yesterday's pivot by the Fed. The ECB continues to signal that rate hikes are done but their updated economic projections show no reason to hurry towards less restrictive policy,” said Samuel Zief, head of global FX strategy at JPMorgan Private Bank in London.
Short
by TinaTradingGold
1
Gold trading trends and strategies todayFocusing on technical analysis, XAU/USD retains a bullish outlook, although its upward journey may encounter temporary setbacks. This means there could be transient pullbacks in the uptrend, especially if overbought conditions are reached. We are not there yet, but the 14-day RSI indicator is heading in that direction, In terms of major levels to watch, resistance looms at $2,050. On further strength, the focus shifts to May’s peak near $2,075. Previous attempts to breach this barrier on a sustained basis have been unsuccessful, so history could repeat itself on a retest. However, if a decisive breakout materializes, a rally toward the 2023 swing high becomes a realistic prospect. On the other hand, if upside momentum wanes and sellers spark a reversal, the first line of defense against a bearish attack appears at $2,010. Maintaining this floor is crucial; a failure to do so could reinforce downward pressure, exposing trendline support near $1,990. Below this threshold, all eyes will be on the 50-day simple moving average. TVC:GOLD SELL 2038 - 2040 ✔️TP1: 2033 ✔️TP2: 2028 🚫SL: 2048
TVC:GOLDShort
by TinaTradingGold
💡 XAUUSD: Strong increase after FOMCGold prices rebounded extremely strongly from the 1975 support level in the last session, creating a huge Marubozu candlestick on the daily frame and along with it, bullish engulfing patterns. The psychological barrier of 2000 has been regained and the price is now retesting the previously broken down channel. You should not consider this as a normal retest to watch for selling because the buying force is very strong and needs more time to observe. -> You can watch and sell at the resistance zone
OANDA:XAUUSDShort
by Stone_Haven
[EDU]How to Evaluate your 2023 Trade Journal and performance?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. To be a profitable, consistent and successful trader, I have yet seen anyone of them without a trading journal. This shows how important a trading journal is to a trader and the values it can bring to them. So, without further ado, let's see what we should look at and take note of when we do our year end trading journal review (although this review,in a shorter format, be done on a weekly and monthly or quarterly basis) Before you start we should look at what goals have you setup yourself for. It can be 1 -3 big goals you have for the year 2023. E.g. Hit specific $ for your PNL or improve on your win rate % etc. Are there also minor goals that you have that you added along the way? Then we can move on to our journal. 1. 1st we can have a bird's eye view of things : Overall performance, some metrics that you should focus and look at,they are: P&L Win rate % Expectancy Profit factor Average R multiple Drawdown and max. drawdown Sharpe ratio Worst and Best trades 2. Looking deeper into things : a. Look through all the trades you have done, do you come by noticeable pattern such on the wins and the losses. E.g. it can be you took more number of losses on Monday Morning, or you tend to close off positions without a valid reason to exit etc. b. Filter through your trades to see what time or day you trade best, if any. c. Look at your top 5 to 10 most profitable and most losses trades. Evaluate them in terms of: > Why they end up as a loser/winner > Are they align with your assumptions such as best winners come from your A+ setups etc. > What are the things you did right for your best trades and what you did wrong for those losing trades. What you can improve on them or what you can continue doing things that went well. 3. Psychological resilience : This is important part of the journal as well where you reflect on your psychology throughout the year. You should have it documented somewhere and you can evaluate how well you have managed emotions such as stress, and maintained discipline during periods of drawdown or winning steaks. What you have and have not done and what can be done better. But of course, you should have done it over the course of the year and summarize out some findings along the way. 4. Learning and development : - Look back at the strategies you have on hands, which are your bread and butter setups and what new strategies or setups you have incorporated. - Are there any market insights you acquired over the year, this should come handy to improve your edge in trading. - Also do identify where are your further learning and development area that you can focus to improve your trading proficiency. Finally, here's what I would like to share in the next sharing. I will be sharing how you can proper set goals for yourself and track them then improve consistently as a trader!So, yup, stay tuned! Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Education
by Shadowing_The_Big_Boys
US Dollar: How to Trade the Fed’s Decision All the attention will be on the FOMC's final policy decision of the year today, with no expectations of further tightening. The market's pricing of 125 basis point rate cuts in 2024 will be tested, and given the Fed's cautious approach, there's a likelihood that Powell and the team will resist these expectations during today's meeting. Whether the market will trust the Fed's stance remains uncertain. I'm monitoring two contrasting trades based on the Fed's hawkishness: considering short positions on GBP/USD or USD/JPY. Key factors to watch in today's FOMC rate decision The rate decision itself is a foregone conclusion, but more important will be the FOMC staff projections, the dot plots, and Powell's press conference. The Fed believes current monetary policy is sufficiently restrictive to bring inflation sustainably down to its 2% target in the coming months, reducing the likelihood of strong hints about further tightening. Inflation data on Tuesday leaned slightly on the stronger side but in the right direction, while the job market is cooling, albeit resilient given the tight monetary policy. Against this backdrop, it's expected that FOMC officials will signal a few rate cuts in 2024 in the dot plots. But it could very well counter market expectations of a 125-basis point rate reduction. The historical tendency of Fed officials to be cautious and lag behind market pricing suggests a more measured approach should be expected. The FOMC's Q3 projections estimated interest rates reaching 5.1% in 2024, requiring two 25bp cuts next year. If the Fed adheres to this projection, it could trigger a hawkish surprise, potentially resulting in a sharp dollar rally. However, if their stance aligns more closely with market expectations, then the dollar's reaction is likely to be muted and it could even end up lower on the session. Additionally, changes in the Fed's inflation projections for 2024 will be of interest after signalilng a core PCE price index decline to 2.6% in September. More central bank rate decisions to follow on Thursday After the Fed's decision, attention will shift to major central bank meetings of Europe: the Bank of England, European Central Bank, and Swiss National Bank. While these banks are expected to maintain their policies, the BoE may adjust its tone due to soft economic indicators. The ECB, facing consistently weak economic data, might be expected to signal a rate cut next year, impacting the euro and DAX. So how to trade the FOMC rate decision? In trading the FOMC decision, it is essential to wait until at least the dot plots are releases. If the Fed turns out to be more hawkish than expected, then this could prompt a dollar rally. In this case, pairing the dollar against currencies with softer economic data or anticipating quicker dovish turns by their central banks, could be the way to go. The BoE and GBP come to mind. The GBP/USD has already shown signs of a possible bearish reversal around the 1.2600 resistance area, but so far key support around 1.2500 has held firm, where we also have the 200-day average. However, a stronger pushback on rate cuts could see the cable break below 1.25 handle. Conversely, if the Fed aligns with market expectations, a negative-dollar and positive-bond reaction will increase the appeal of long setups on gold, silver, and JPY trades (i.e. shorting USD/JPY or GBP/JPY). It's worth noting that the market's reduced expectation of a dovish Fed since Friday's jobs report could limit the upside potential for the dollar, even if the Fed is more hawkish than expected. The USD/JPY broke down sharply before bouncing back from around its 200-day average near 142.00-142.50 support area. However, the lower lows suggests the path of least resistance remains to the downside unless it manages to reclaim broken support at 147.30ish. Short-term resistance at 1.46.20ish has held firm so far. A break back below 145.00 could potentially trigger a sharp follow-up technical selling. Written by Fawad Razaqzada, market analyst at FOREX.com
by FOREXcom
EURUSD is trending downThe Federal Reserve is expected to leave interest rates on hold in a decision at 1900 GMT, and how the dollar moves afterward will depend on whether policymakers counter recent growing expectations for rate cuts next year, UniCredit Research analysts say in a note. UniCredit doesn't expect the Fed to "push back firmly against recent market expectations of aggressive rate cuts," which means EUR/USD could stabilize above 1.08. However, if the Fed suggests rate-cut expectations are overdone, the DXY dollar index should rally further above 104 and EUR/USD would retreat, albeit likely staying above 1.07, UniCredit says. EUR/USD trades flat at 1.0790 while the DXY rises 0.1% to 103.924.
Short
by TinaTradingGold
EUR/NZD ShortEUR/NZD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
1
Today's gold trading strategyGold was subdued around $1,980 an ounce on Wednesday, holding near its lowest levels in three weeks as investors cautiously awaited the US Federal Reserve’s interest rate decision. The US central bank is widely expected to hold rates steady, but traders will focus on Fed Chair Jerome Powell’s commentary amid bets of rate cuts in the first half of 2024. Still, a robust US jobs report and upside risks to inflation could prompt policymakers to take a less dovish stance than what market participants anticipate. Meanwhile, data released on Tuesday showed that US consumer inflation figures for November came largely in line with forecasts. Investors also look ahead to monetary policy decisions from the European Central Bank and the Bank of England on Thursday. OANDA:XAUUSD XAUUSD BUY 1977 - 1975 ✔️TP1: 1982 ✔️TP2: 1987 🚫SL: 1970
OANDA:XAUUSDLong
by TinaTradingGold
EURUSD is likely to rise againThe Indian rupee opened marginally higher on December 12 tracking gains in local equity and Asian currencies. At 9.10am, the home currency was trading at 83.37 a dollar, up 0.03 percent from its previous close of 83.39. Traders awaiting CPI and IIP data due later today. India's headline inflation rate likely jumped to 5.8 percent in November from October's 4.87 percent, according to a Moneycontrol survey of 15 economists, with an unfavourable base effect and resurgence in prices of vegetables and pulses propelling inflation to a three-month high. Follow our market blog to catch all the live updates Recent US economic data surpassed expectations, showcasing a drop in unemployment claims from 3.9 percent to 3.7 percent. Non-farm payrolls hit 199K and average hourly earnings rose by 0.4 percent, outperforming projections. As a result, expectations for rate cuts in March and May decreased to 43 percent and 76 percent from 63 percent and 85 percent respectively. Attention now shifts to the Federal Reserve's upcoming monetary policy, with signs pointing towards the Fed taking the lead in rate-cut initiatives, traders said. Asian currencies were trading higher. Japanese yen was up 0.38 percent, Thai Baht rose 0.23 percent, China Offshore 0.12 percent, Singapore dollar 0.1 percent, South Korean won and Philippines peso 0.08 percent each. The dollar index, which measures the US currency’s strength against major currencies, was trading at 104.0032, down 0.09 percent from its previous close of 104.095.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Long
by TinaTradingGold
EUR/GBP Short, AUD/CAD Long, EUR/NZD Short and USD/CAD ShortEUR/GBP Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up above our most recent low followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
5
USDCHF could be bottoming out on H4Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. The USDCHF if bottom out now, i could likely be testing the next downtrendline as shown on h4. For now it seems good to look for long on pullbacks. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
1
EURUSD tends to decrease when it meets support and will increaseEUR/USD rallied vigorously last month, but has sold off in recent days, with prices slipping and closing below the 200-day moving average last week – a bearish technical event. If the pair deepens its pullback in the coming days, a retest of the 50-day SMA could come any minute. Continued weakness may shift focus towards trendline support near 1.0620. Conversely, if EUR/USD stages a turnaround and charges higher, technical resistance is visible near 1.0820, but further gains could be in store on a push above this threshold, with the next area of interest at 1.0960, the 61.8% Fibonacci retracement of the July/October decline. Continued strength may catalyze a retest of November’s highs.
Short
by TinaTradingGold
EUR/GBP Short, EUR/NZD Short and USD/CAD ShortEUR/GBP Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
3
Gold broke the upward price channel and tended to decreaseGold edges higher in the early morning Asian session in a likely position adjustment, with focus on U.S. CPI data and the FOMC meeting this week. The precious metal is still holding above $2,000/oz, a key short-term support level, Fawad Razaqzada, market analyst at City Index and forex.com, says in an email. Gold has to hold this level in order to sustain its recent bullish bias, Razaqzada says. Otherwise, there could be a deeper retracement, with subsequent major support in the $1,950/oz area, which includes the 200-day average, Razaqzada adds. Spot gold is up 0.1% at $2,006.58/oz. OANDA:XAUUSD XAUUSD SELL 2008 - 2010,2018-2020 ✔️TP1: 2003 ✔️TP2: 1998 🚫SL: 2025
OANDA:XAUUSDShort
by TinaTradingGold
USDCHF A Fall Expected! SELL! My dear followers, This is my opinion on the USDCHF next move: The asset is approaching an important pivot point 0.8759 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8747 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURUSD still bearish it seems ?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. From daily chart we can observe that EUR is sitting on a Support zone, through h4 to h1 the chart is still bearish. So for me unless something changed, I will still go on short on EURUSD. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
AUDNZD On The Rise! BUY! My dear friends, Please, find my technical outlook for AUDNZD below: The instrument tests an important psychological level 1.0685 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0730 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1