#EURGBP possible bearish moveAs depicted in the chart, the EURGBP pair is within a long-term bearish channel and is nearing its upper boundary, where it may face downward pressure.
Additionally, the price is currently trading at a significant resistance level that it failed to breach in its last attempt, suggesting a potential failure to break through again this time.
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Trendtrading
#GBPNZD symmetrical triangleIn an overall bullish move, the price is forming a symmetrical triangle chart pattern formation, which is neutral in nature but can adopt a trend sentiment, which in this case is bullish. Therefore, we could assume with a higher probability that the price could break above this pattern.
In the event of a bullish breakout, we could look for a retest to take a long position at the pullback area.
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💡 EURUSD: Forecast March 19After a brief recovery to the neckline of the double top model, selling pressure became stronger again, creating new bearish signals. These new signals are strengthening the possibility of EURUSD falling, you continue to hold existing short positions, the short-term target is around the support threshold of 1.08.
💡 XAUUSD: The pace dropped sharplyGold had its second consecutive decline after Friday. Friday's down D1 bar created a bearish pinbar pattern, with a long upper shadow and a close near the bottom, showing selling pressure pushing down from above. Deeper price compression took place when Friday's D1 bar fell inside the previous D1 bar, also inside the overall Inside bar model to create a double Inside bar model, and then had the narrowest amplitude in 04 The nearest D1 bar to create the Inside bar model, thereby forming the price action combo is Inside bar + Narrow Range bar. With such price behavior, D1 gold may experience strong price fluctuations in the near future. Because the uptrend is the dominant trend in D1, D1 gold can wait for a deep price pullback to buy.
The chart structure in the form of a descending triangle - is maintaining for H1 gold, with price peaks gradually lowering and price bottoms moving sideways, reflecting selling pressure from above. The scenario for H1 gold today is to either wait for the price to rebound to the upper resistance level to sell, or wait for the price to break the bottom and then retest to sell.
GBPNZD - Breaches Key Weekly LevelThis is what we've been waiting for - GBPNZD breaches a key 2.08~ weekly level. Last week's close signalled price holding above said level.
It's great to see strength during this week's open. I believe this is a sign of further strength to be expected on the upside.
The decline continued at the beginning of the Golden WeekLast Friday, it was prompted to short gold at 2149, which is getting closer and closer to the target level of 2145. The position is making a huge profit. If there is a rebound, you can continue to short, but you cannot go short directly. For those who have made huge profits, they can wait until the 2145 target level is reached and then exit the market with profits.
If you are not confident in your trading, you can refer to my advice. You can also follow me and enter my channel
Trading with a trend: basics and strategyIn this video I explain how to indentify trends on the chart and how to use this knowledge to make trading decisions. At the end of the video we'll create a simple yet profitable trading strategy
Waves Light indicator:
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
GBPJPY Trend Continuation Week of March 18thW=Bullish.
D=Bearish.
4H=Bullish.
Daily broke the higher low to become bearish but 4h shift structure to bullish creating an inverse head & shoulders. 4H recently broke the neckline of the pattern. 1H has a pennant formed. Weekly is also bullish rejecting the 50% fib level. Expecting price to break the pennant and S&D zone and continue to upside for long term gains. Daily will shift back to bullish structure.
Long on USDJPYThis week, I'm maintaining my bullish sentiment on USDJPY, and here's my trade plan:
1. Support Retest at 148.53: I'm looking for a buying opportunity if the market retests the support level at 148.53. This level has shown previous support and could act as a launching pad for further upward movement.
2. Bullish Trendline Retest: Alternatively, I'll keep an eye on the bullish trendline. If the market retraces and retests this trendline, I'll consider it as another potential buying opportunity.
By patiently waiting for these retest levels, I aim to enter long positions on USDJPY and ride the potential bullish momentum.
What are your thoughts on USDJPY this week? Feel free to share your trade plans and insights below!
Wishing everyone successful trading ahead!
Best regards.
Target price FALABELLA S.A. / Precio objetivo FALABELLA S.A.ENG
Together with measurements of Fibonacci Expansion, Fibonacci Retracement, using the BCS:FALABELLA golden system, we are certain that the price of #Falabella must reach the following bullish prices:
-2720
- 3270 (Short-term target)
-3700
-4080
-4350
-4650
-5100
Currently BCS:FALABELLA is trading at a value of 2477.
When to buy?
As measured with Fibonacci Expansion, there is a market debt at 2245 .
Our optimal price to buy is between 2265 and 2180.
When to sell?
As a minimum objective, 3,270 CLP per share will be sought in the medium term. Even if it were to be bought now (2477) there is a 30% distance to reach objectives.
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ESP
Junto con mediciones de Expansion de Fibonacci, Retroceso de Fibonacci, usando el sistema BCS:FALABELLA áureo, tenemos la certeza de que el precio de #Falabella debe llegar a los siguientes precios alcistas:
-2720
- 3270 (Objetivo corto placista)
-3700
-4080
-4350
-4650
-5100
Actualmente BCS:FALABELLA cotiza por un valor de 2477.
¿Cuando comprar?
Según medición con Expansión de Fibonacci, hay una deuda de mercado en 2245 .
Nuestro precio optimo para comprar es entre 2265 y 2180.
¿Cuando vender?
Como objetivo minimo se buscará al mediano plazo los 3270 CLP por acción. Incluso si se llegase a comprar ahora (2477) hay un 30% de recorrido hasta objetivos.
NZDCHF Short TradeMARKET PHASE
OANDA:NZDCHF is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
There was a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it`s initial move down but due to the velocity of the downward move, it's gapped some orders around 0.54224. Price is likely to retrace to this level before continuing downwards.
TRADE
I will be entering short on OANDA:NZDCHF with the following parameters:
Sell Limit: 0.54224
Stop Loss: 0.54295
Take Profit: 0.54082
#BITCOIN would face important resistance in this regionAs you can see in the chart, we have four bullish trendlines that have contained almost all the price action since the beginning of 2013.
During this time, the price has never gone above the upper line or below the lowest line.
Every time it reaches the middle lines , on the other hand, the price encounters a resistant or supportive force, causing a pause in price movement or a reversal.
This time, too, we could see a reaction from this zone, but we should wait and see if it's going to break above the line or reject from it.
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💡 XAUUSD: Back to rising momentumGold prices today on the international market increased in the context of investors hoping that the US Federal Reserve (FED) will cut interest rates in June 2024, despite rising inflation in the US. From there, they reduce their need to hold USD, causing this currency to depreciate, benefiting gold prices.
Analysts say that if the US cuts interest rates, gold prices will skyrocket. If the FED does not cut interest rates, the market will have concerns about rising inflation, which could push up gold prices.
Meanwhile, escalating geopolitical tensions due to the Russia-Ukraine military conflict has maintained the need for safe haven capital in gold. Gold price has conditions to increase.
💡 XAUUSD: Under pressure from USDGold prices reversed sharply today after the US announced data related to inflation that was slightly higher than forecast.
Specifically, the consumer price index (CPI) in February in the US increased by 3.2%, 0.1 percentage point higher than the market expectation of an increase of 3.1%.
CPI increased slightly, making investors worry that inflation in the US may heat up. This may cause the FED to maintain high interest rates for a long time. Accordingly, they increase their holdings of USD to help this currency increase in value. Gold price today is in a disadvantageous position.
On the other hand, US bond interest rates jumped from 4%/year to 4.14%/year, motivating many people to put capital into bonds. Meaning very little money flows into precious metals. Gold prices today are under more pressure to go down
AUDUSD: GET YOUR LONGS READY!We are seeing clean bullish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a long trade.
Waiting for at least a 50% retracement into the resistance turned support- then we look for a bullish market structure shift on the 1hr and ATTACK!
This is looking like a very yummy long!
Follow and Stay tuned my friends ;)
Maximizing Profits with Trend Trading: Today's Bitcoin InsightIn today's volatile market, leveraging the simplicity and potential of trend trading has never been more critical. Bitcoin's current trajectory underscores the value of following market trends for substantial gains, emphasizing the importance of technical analysis tools like moving averages and MACD for timely decisions. This approach not only simplifies trading decisions by aligning with market momentum but also enhances risk management through strategic stop-loss orders. As we navigate today's Bitcoin trends, remember the flexibility and psychological comfort trend trading offers across various time frames. Join our waiting list now for the upcoming MTOPS AI release, designed to harness the power of the MTOPS Strategy in trend trading for optimized market engagement.
💡 XAUUSD: Waiting for CPIGold prices increased in the first trading session of the day in the US. According to reports in the US, the number of jobs in the non-agricultural sector increased by 275,000 units in February 2024. The US unemployment rate increased to 3.9%.
The market received the comments of Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), positively. Experts predict that the Fed is ready to cut interest rates and the timing could be in the middle of this year.
Upcoming inflation data will attract the market's attention because this is important data to assess the timing of the Fed's interest rate cuts.
During the week, markets will monitor retail sales reports and weekly unemployment claims, as well as US manufacturing data.
💡 XAUUSD: Continue to increase or decrease?Many analysts believe that, although gold has experienced a strong week of increases and will likely continue to increase in the near future.
However, traders are worried that if the US consumer price index report for February published on March 12 increases, expectations of interest rate cuts by the US Federal Reserve (Fed) will continue. continue to prolong.
Some experts predict that inflation may rise faster than expected as a direct result of the spike in energy costs. Experts warn that gold investors should be cautious, a slight increase in the inflation index will also cause gold prices to decrease in the short term.
SET UP - BUY LIMIT 2174 - 2172
TAKE PROFIT 1: 2180
TAKE PROFIT 2: 2185
STOP LOSS: 2167