EUR/JPY Short, GBP/NZD Short and USD/CHF ShortEUR/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/NZD Short
Minimum entry requirements:
• 4H risk entry.
or
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CHF Short
Minimum entry requirements:
• 1H impulse down.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Trading-forex
Is now a good time to buy gold stocks?Over the beyond six months, gold charges have risen, attaining new report highs nearly each month. However, the yellow metal`s rate has encountered a few resistance for the reason that hitting US$2,670 on October 1, sending it right all the way down to as little as US$2,639.
Hemke defined in an October three interview that this may be the end result of the marketplace checking out resistance at $2,650.
In September, gold charges hit a brand new report excessive above $2,six hundred after the U.S. Federal Reserve reduce its benchmark hobby price for the primary time for the reason that begin of the 2022 bull run.
“Gold charges bottomed at US$1,895 in mid-February and had been replied for the reason that then — gold charges have expanded 25 percentage in that period,” he advised INN in an interview recorded early September .
"It's now no longer that the gold producers, the large groups and the intermediaries, have not reacted. The large gold groups, now no longer counting the trouble groups, are up forty five to ninety percentage from the lowest gold rate." in February, and intermediaries expanded from 50 percentage to 132 percentage"
💎 XAUUSD Buy 2630 - 2627💎
✔️TP1: 2647
✔️TP2: 2657
✔️TP3: OPEN
🚫SL: 2619
💎XAUUSD Sell 2653 - 2655💎
✔️TP1: 2640
✔️TP2: 2637
✔️TP3: OPEN
🚫SL: 2663
EA could see some more potential bounce off the lows/support nowHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
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The direction likely set for usd to head higherHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
USD broke up higher ,potentially already formed a double bounce...has been up the whole of last week...could likely see pullback before heading higher.for now up side bias for USD
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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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.
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GBPJPYAs per our last mind we asked you guys which pair you want and analysis for. The public has asked for GBPJPY . Here is our view.
As of now, GBPJPY is sitting at our PBA 2 (Pullback Area). If we break above 193.290 (October 1st highs) we will continue to the upside .
However ,
If we break below our PBA 2 192.000 , we could see a downside move to our PBA 1 . Breaks below could also result in lower prices.
We advise you not to enter in any trades until breaks of either 193.290 or 192.000 .
We will send out the update once a break happens.
KEY NOTES
- GBPJPY has fallen to our PBA 2.
- Important levels to break are 193.290 or 192.000.
- Break above 193.290 would confirm higher highs.
- Break below 192.000 would confirm lower lows.
Happy trading!
FxPocket
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
MINDSET! Chapter-1In trading, mindset is arguably one of the most critical factors that can determine whether a trader succeeds or fails over time. While many beginners focus intensely on mastering technical analysis, reading charts, or understanding fundamental market data, experienced traders recognize that none of this knowledge matters without the right mental approach. Forex trading is unique due to its high leverage and volatility, which can lead to large, quick gains but also equally substantial losses. The constant price fluctuations and 24-hour nature of the forex market mean that traders need to be mentally prepared to deal with a dynamic, often unpredictable environment. Therefore, cultivating a strong and resilient mindset is essential for achieving consistent results.
A key aspect of a forex trading mindset is emotional control . Markets are driven by the emotions of participants, and it is easy for novice traders to get caught up in the emotional rollercoaster of trading. Greed , fear , and impatience are the three most dangerous emotions for a trader. Greed can cause a trader to hold on to a winning position for too long, hoping for even bigger profits, only to watch those profits evaporate as the market reverses. Fear can paralyze a trader or cause them to exit trades prematurely, preventing them from realizing potential gains. Impatience, on the other hand, can lead to overtrading, where a trader enters too many positions in an attempt to recover losses or chase profits, often resulting in reckless decisions and further losses. Forex traders with a strong mindset learn to recognize these emotions, manage them, and make decisions based on logic and strategy rather than feelings.
Discipline is another crucial element of a successful trading mindset. Having a solid trading plan or strategy is important, but sticking to that plan with unwavering discipline is what separates professional traders from amateurs. Many traders know the importance of risk management, such as setting stop-loss orders and adhering to a specific risk-to-reward ratio, but when emotions take over, they may abandon their plans in the heat of the moment. For example, after a series of losing trades, a trader might be tempted to increase their position size to "make up" for their losses, often leading to larger risks and bigger losses. Alternatively, after a string of wins, a trader might become overconfident and take on more risk than their strategy allows, which can result in devastating losses when the market turns against them. A disciplined mindset ensures that a trader remains consistent, following their predefined rules no matter the market conditions or emotional state.
Patience is also a cornerstone of the forex trading mindset. Currency markets can be incredibly volatile in the short term, but successful traders understand that profits are generated over time, not by chasing every market move. In forex, it’s common to experience periods of drawdowns or market stagnation, where nothing seems to be happening. During such times, traders who lack patience may become frustrated and enter trades impulsively, often leading to mistakes and unnecessary losses. Those with a patient mindset , however, understand that waiting for high-probability setups is essential for long-term success. They accept that there will be times when it is better to sit on the sidelines than force a trade in unfavorable conditions. Patience also allows traders to wait for the market to confirm their trading ideas, rather than jumping in prematurely based on speculation or hope.
A growth mindset is particularly beneficial in forex trading, as it helps traders continuously improve their skills and adapt to market conditions. A trader with a fixed mindset might view losses as failures and feel discouraged, leading them to give up or stop learning from their mistakes. In contrast, a trader with a growth mindset understands that every trade, whether successful or not, is a learning opportunity. They review their trades, identify what went wrong or right, and adjust their strategy accordingly. This mindset fosters resilience, as traders understand that losses are inevitable in forex trading but can be valuable lessons if approached with the right attitude. Growth-minded traders also seek out continuous education, always looking for ways to refine their techniques, expand their knowledge, and improve their decision-making processes.
Adaptability is another essential trait of a strong forex trading mindset. The foreign exchange market is influenced by a wide range of factors, from global economic indicators to geopolitical events and central bank policies. This means that no single strategy or approach works all the time, and traders must be willing to adjust their tactics as market conditions change. Rigidly sticking to a strategy that worked in a particular market environment can lead to poor performance when those conditions shift. Traders with a flexible mindset remain open to evolving their strategies, using new tools, and experimenting with different approaches while maintaining a disciplined and patient approach.
Developing a successful mindset in forex trading is about much more than just controlling emotions or having a strategy. It involves cultivating discipline, emotional resilience, patience, and a commitment to continuous learning and adaptability. Traders who are able to master their mindset are better equipped to handle the volatility and challenges of the forex market, allowing them to make more rational decisions and, ultimately, achieve long-term profitability. While the technical and analytical aspects of forex trading are important, it is the psychological mastery that often determines who thrives and who struggles in the world of currency trading. By focusing on mindset, traders can improve not only their trading results but also their overall experience in navigating the ups and downs of the forex market.
Within the next few days we will discuss on more of the topics above.
Happy Trading!
-FxPocket
NVDA BOOM!?As posted in recent weeks, NVDA’s stock price continues to move higher after bottoming out in the lower $100 range. This was a liquify grab meant to shake out weak hands. We broke through the price of $126 this past week, and then dropped lower to $120 support. I believe now is the time to buy NVDA with an overall target goal of $138 or higher.
This is just a prediction. Good luck!
DXY doing Cycle Wave 2, now inside the Wave C about to break SupHello everyone,
In this scenario the DXY has finished the Wave Cycle Wave 1, with 5 Waves (Ending in September 2022), and now it is doing the Wave 2.
Inside the Wave 2, we encounter ourselves inside the Wave C already.
The Wave C is about to break the 100 support area, and targeting at least 92 target.
The 92 target is the minimum move that it needs to perform, since it will be the same lenght as the Wave A.
Knowing this, we expect to see other Assets rise as the Dólar falls in the upcoming months
NZD/JPY Short, AUD/JPY Short and CAD/CHF ShortNZD/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
CAD/CHF Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Usdjpy could be seeing a turn ,mindful of spikes on monday Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Chart wise it seems to be heading more to the downside resuming its downtrend.the friday's move was due to the election in japan. Now that the result is out, let's see how the market react on monday.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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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.
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EN bias to short,likewise for GNHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Both eurnzd and gbpnzd should be seeing more downside, had shorted since last week..this week shall continue unless something else happened :)
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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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.
*********************************************************************
Usd still not given clear direction on higher TimeframeHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Right at the low of 2023 Jan,want to break but not breaking the last FOMC lows...only to play the whips so far...not clear direction..hopefully NFP give some clear indication of either further downside OR reversal.
What you all think?
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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.
*********************************************************************
CAD/JPY Short and CHF/JPY ShortCAD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of inflection.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
CHF/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of inflection.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
CAD/JPY Short and CHF/JPY ShortCAD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
CHF/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Short, NATGAS/USD Short and GBP/NZD LongUSD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NATGAS/USD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/NZD Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Must-Watch Events in U.S. Politics This Week With six weeks until Election Day, Vice President Kamala Harris leads former President Donald Trump by 5 points, 49% to 44%, according to a new NBC poll. Harris' favorability has surged 16 points since July, the largest increase for any candidate since George W. Bush after 9/11.
Harris is set to unveil new economic proposals on Thursday, expanding her vision for an “opportunity economy.” Meanwhile, Trump is now urging early and mail-in voting, despite previously blaming it for election fraud.
As for a second debate, Harris has accepted an invitation for October 23, but Trump seems reluctant after their first encounter.
Additionally, House Speaker Mike Johnson has proposed a stopgap funding bill to prevent a government shutdown before the Sept. 30 deadline, with a vote expected on Wednesday.
Gold price approaches $3000The US Federal Reserve (Fed) recently decided to loosen monetary policy after 4 years, by reducing interest rates by 50 basis points (0.5%), to 4.75-5%.
This agency emphasized that it is "always ready to adjust monetary policy if risks arise". Fed officials forecast the reference interest rate to decrease by another 0.5% by the end of this year and 1% next year. In 2026, they will reduce the interest rate by another 0.5% to 2.75-3%.
However, gold quickly fell, now at $2,556/ounce, just about the same as today. The gap between domestic and international gold prices is about VND5.4 million/tael.
Currently, investors are waiting for comments from Chairman Jerome Powell for more information on the main presentation. Robert Minter, chief investment strategist at Abrdn, said that in this new holiday, it is only a matter of time before gold surpasses $3,000/ounce .
Gold prices increase sharply when economic instability occursIn light of the progress on inflation and the balance of risks, the Committee decided to
lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent. In
considering additional adjustments to the target range for the federal funds rate, the Committee
will carefully assess incoming data, the evolving outlook, and the balance of risks. The
Committee will continue reducing its holdings of Treasury securities and agency debt and
agency mortgage‑backed securities. The Committee is strongly committed to supporting
maximum employment and returning inflation to its 2 percent objective
Gold prices rose sharply during this period, rising from about $350 an ounce in early 2003 to more than $700 an ounce by mid-2006, an increase of about 100% in just over three years.
The positive performance during this time could be a combination of many factors. Rising inflation has created demand for gold as a complete hedge, and because the pace is only increasing gradually, the opportunity cost of holding gold remains relatively low. As of early September, the Fed is warning of the possibility of cutting interest rates while still reaching standard levels. This environment could be beneficial for gold, similar to the 2003-2006 period.
GBPJPY Will Move Lower! Sell!
Here is our detailed technical review for GBPJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 187.889.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 186.021 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUD/JPY Short, AUD/NZD Short and NATGAS/USD ShortAUD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NATGAS/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.