Wave Analysis
WTICO/USD Short and SOYBN/USD ShortWTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
BTCUSDT $64900 Quick Update Price continues to find support at 60k avg support.
The D macd is positive.
Will continue to monitor the 2D MACD next.
The 3D macd is still pointing down.
This breaking start on May 15th could be a good step fwrd going into the end of the Month as
it could maximize the chance of closing above 71k by the end of the Month.
Bitcoin Holds Support After US CPI PrintThe US dollar is showing a notable downturn after today's CPI figures were released at 3.4%, down from the previous 3.5%. This reinforces market sentiment that the Fed is unlikely to hike rates, especially after comments made by Powell yesterday. This scenario supports a risk-on environment, especially considering the bearish Elliott Wave structure in the US yields, suggesting further declines. This backdrop implies that other assets could rally. For instance, Bitcoin has seen a significant bounce, finding support at crucial trend lines, and can be poised for higher levels if HS neckline near 66k is broken . Similarly, Nvidia and silver also show potential for gains in the coming weeks.
However, building intraday trades at this juncture can be challenging due to potential setbacks before the market continues in the direction of dollar weakness.
If you found this analysis helpful, please leave a comment below, like this video, and consider sharing for more updates in the future.
Grega
🚨GBPUSD: What's Next? BOE leaves policy rate unchanged at 5.25🚨GBPUSD: What's Next? BOE leaves policy rate unchanged at 5.25%
🚨BoE left the policy rate unchanged at 5.25% as widely expected
The price is also facing strong support near 1.2450.
How can the price react in this area?
Be careful as GBP can get stronger when you least expect it.
It reacted lower before the opening of the BOE meeting, but it is not necessary to weaken. It seems more complex
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
DETAILED UPDATE ON BTC Hello Traders. My name is Hadi Karaali, known as snipers F_X
👉I truly appreciate your continuous support everyone! 👉📚
Let me know if you like the series, and if you would like me to change or add anything.
👉Here is a quick update & my trading plan on BTC, enjoy it.
As usual manage your risk and trade safe.
Best of Luck!
GOLD ANALYSIS MAY 15-17.Here is the market projection on Gold (XAUUSD) from May 14-17.
ANALAYSIS.
Price is expected to maintained the previous week projection in High timeframes (Monthly, and Weekly) but daily timeframe and below are expected to demonstrate an opposite direction from the previous projection.
In daily timeframe price has clearly completed the ABC corrective move to the upside at around 61 percentage Fibonacci level.
In four hour timeframe price is clearly demonstrating a lower degree five wave move to the downside with correction expected to be completed nearly 61 percentage Fibonacci level.
PRIMARY PROJECTION;
Consider selling gold from the current price with stop loss above the crescent swing High created on Friday in four hour timeframe.
ALTERNATIVE PROJECTION;
Consider selling gold with low risk when price break and retest the dynamic support indicated in this timeframe.
Downtrend resumes - GBP/USDI have done plenty of analysis on the GBPUSD in the past few weeks and nothing has changed in our outlook.
The wave of disbelief has matured and we are now selling the cable.
The risk is 1.2636 about 60 pips from where we are right now.
For those who like confirmation, a break below 1.2568 is your first confirmation that more sellers have joined the party.
Strategic Insights on the GBPJPY and USDJPY! Key Cautionary ZoneKey Cautionary Zones
Strategic Insights on the GBPJPY and USDJPY!
The market is paying attention to what may happen next to the JPY pairs.
The BOJ raised interest rates but the impact was insignificant.
On the other hand, they commented that the exchange rate was not important in influencing the inflation rate.
However, at the same time, it is not clear whether they want to keep the USDJPY exchange rate under control or not. They are not doing much, but they are also concerned about the exchange rate as they comment daily on this topic.
What is happening from a technical point of view and when can the price drop?
Thank you and Good Luck!
GBPAUD BUYCould this be a possible buying area for GBPAUD?
Based on what price action is hsowing, the market is currently test the 0.618 Fib level, there is also a chart pattern that is forming in this area which gives me a sign of possible trend reversal.
Let's see how this will play out.
Feel free to share your views
BRIEFING Week #19 : Watch out for potential StimulusHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil