USA
XAUUSD analysisHey Traders, in the coming period we are monitoring XAUUSD for a buying opportunity around 1834 zone, we might see a pullback from 1865 zone towards more 1834 zone before the big rally into more highs probably! back then we might execute the trade if we receive any confirmation,
in Monday our focus will be on the selling opportunity at 1865 zone respecting the descending trend in combination with the strong supply and demand zone. we will not risk a lot in that trades just few pips will be enough.
don't forget that you should always respect proper risk management, especially with gold and commodities since their movements are more strong comparing to other pairs. always risk between 1-3% of your account so in the worst scenario you'll not get knocked out from the market with a losing trade.
a lot of traders get knocked out from the market because they risk 30-50% of their account in each trade and in that sense 1-3 losing trades will kick them out from the market, but a reasonable trader that risk 1% of his account and aim high he will get knocked out from the market after 100 losing trades in a row and the probability for that is close to none, that's why money management is the key success to trading more than the other tools.
thank you for reading my text with attention, always happy to help!
Joe.
GBPUSD shortHey traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.342, i like the bearish moves on GBPUSD.
We've been short from 1.377 on this swing trade and now we're looking forwards adding more position at this supply and demand area.
Trade Safe and use proper risk management.
Joe.
US Dollar indexHey Traders, above we notice the breakout of DXY the supply zone of 94.370, that's a good sign that this zone will become a resistance and we will see more bullish momentum in the dollar. in other side we are holding our EURUSD swing short from 1,17 towards 1.138 zones. and we will monitor extra USD pairs to catch more opportunities.
Trade Safe, Joe!
MPC Trending Higher Towards 75Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The stock MPC appears to have broken out from a symmetrical triangle setup, with the resistance line making lower highs of 65.30 and 60.50 and the support line making higher lows of 50 and 53.30. The stock broke 2 levels of resistance, one at the resistance trend line of the symmetrical triangle and the other at a horizontal resistance level of 65.30. Expectations are for MPC to continue higher and test the 75 price level. If the pattern fails, MPC can decline back below the 65.30 resistance.
From a longer term perspective MPC is trending higher, with support observed around the 64.72 price level.
Technical Indicators
The technical indicators corroborate the bullish trending nature of MPC. The stock is trading above its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The RSI is above 50 and the KST just recently had a positive crossover.
Recommendation
The recommendation will be to go long at market, with a stop loss at 64.70 and a target of 75. This produces a risk/reward ratio of 1.75.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
LCID CRITICAL ZONESlcid is presenting a hight probability to reach its highest level, so keep your buyer position
lite correction can accure if rebound on 0.5 fibo level. do not worry just keep confidence on your LCID stock
good luck and don't forget make some likes and specialy follow me in order to push me doing my best
XAUUSD ShortHey Traders, in the coming week we are monitoring XAUUSD for a strong selling opportunity around 1834 zone respecting the strong descending trend on monthly frame in combination with the daily resistance zone, once we will notice any bearish confirmation the trade will be executed.
Trade safe and use proper risk management especially with gold because it movements are dangerous.
Joe.
XAUUSD ShortHey traders, today we are monitoring XAUUSD for a selling opportunity around 1792, Once we will receive any bearish confirmation the trade will be executed!
Use proper risk management especially with gold, because gold movements are very fast and it's easy for gold to marginate your account.
Trade safe, Joe.
USDJPY SWINGHey Traders, in this week we're monitoring USDJPY for a buying opportunity around 113.4, we expect the pairs to do a big rally towards 116.500 zones the next month, so we're waiting to catch the best entry. once we will receive any bullish confirmation the trade will be executed!
Trade safe, Joe.
Dollar Index analysis | Up TrendIf the price can break the 94.80 area upwards and stabilize above this area! We will see the dollar continue to rise, in which case the targets of 95.05 and 95.70 are available.
If this scenario is completed, we will see a possible fall in the price of gold and some currency pairs and indices.