FXCapitalClub

FXCapitalClub Updated 

XAU has just bounced off the 1hr demand OB which will then see us retracing slightly to complete the 2nd phase of the motive elliott wave before taking off to test key levels if resistance @ 2418 and the 1 hr supply OB at 2424 before retracing back down to form the a,b,c corrective phase heading back down towards the july open levels between 2378 & 2364. Let me...

FXCapitalClub

On the 15 M Chart for the day we are seeing the greenback break out of the descendi trangle wedge to the upside at 104.700. The market is still waking up from the weekend's pause so there are no major movements to give us clear indication that this continuation will sustain itself other than liquidity sweeps from the previous weeks. I am keen on seeing this...

FXCapitalClub

Good morning traders. 🥳 Hope you all had a great weekend and ready for the week ahead. A quick glance at the charts this morning and the dollar has reset back to the POC levels it entered last week with and on the 12 hr we can see that we are now forming a descending triangle which means that if we break above 105.000 we could see a continuation to the upside...

FXCapitalClub Updated 

On the monthly we are currently witnessing the formation of a descending trangle in preparation for a breakout to the upside if we cross 1.13093 or to the downside if we cross 1.04898. This level has been mitigated back in July 2022 taking all buy side liquidity in the process beofre returning to create the new support level to begin a new wyckoff accumilation...

FXCapitalClub

EUR/USD did as expected and accumulated during the Asian session. 📈 We are now experiencing the manipulation phase as part of the London open, in line with the AMDX (Accumulation, Manipulation, Distribution, X) theory. As the quarters go, the new one will start at 12 PM, and I expect the distribution to continue. 🕛 There's a ton of options expiring today, which...

FXCapitalClub

Intra day play for EUR/USD. Target Levels are 1) 1.08107 2) 1.78286 3) 1.07553 4) 1.07280 Let me know what you guys think. Hope your have a great day and your screens are green. Capital Club Team.

FXCapitalClub

Today's Trade Summary 📊 2x Trades Taken (1x Win & 1x Break Even) 📈 EUR/USD failed to gain enough momentum when the NY markets opened, so we closed for break even to protect our profits. XAU/USD (Gold) hit TP 1 for a 98.5 pips move, with all profits taken off the table at this time of writing, equating to a 1:1 Risk Reward gain. 💰🏅 I still expect XAU/USD to move...

FXCapitalClub

With gold being at all time highs our analysis on this week's play was carried out on the Daily and 4hr to set a respectable tone to price action and what we anticipate seeing over the coming day(s) / week. On the daily we see that price has finally exhaused itself to complete its upward move to the extreme supply zone of 2,440.372 and has now started to retrace...

FXCapitalClub

On the monthly we can see that the dollar is on aan upward trend after breaking outu of it's previous range at 88.528 which has now become a key level of support. We have seen this extention continue to levels 113.016 and then returned back to create a range between 101.421 (lows) and 107.424 (highs) Price action is suggested to continue ranging to complete...

FXCapitalClub

Looking at 2 options for trading gold today based on support and resistance levels along with a bullish pennant forming. Trade 2 offers more of a confirmation than trade one once we break out of the triangle and push to the upside to form new all time highs. Let me know your thoughts on this. Happy Trading. :)

FXCapitalClub

Gold excited us again last week trading back up to near all time highs so with the coming week based purely on technicals we could anticipate the following happening. Breakout to the downside past 2407 towards key level of 2395 which would then return back to return back to 2406 which would put a break and retest strategy in play for a continuation to the...

FXCapitalClub

Good morning Traders, My analysis for this week on EUR/USD is that we are currently forming a descending triangle pattern on all the higher timeframes from the monthly down to the 4 hourly with the key supply zone of 1.08921 to be reached as part of a break and retest move to the downside and heading to the key deman level of 1.06689 and if we break this...

FXCapitalClub

Today's play looks at XAU/USD going long with strong confluences on the 4hr & 1 hour showing reversal along wihth the positive reaction on the 20 EMA at key support level 2381.771 which means that we should anticipate a move up to 2396 and further continuation to 2420. I shall be managing this trade to full TP and will look at new highs being set...

FXCapitalClub

My take on todays's intra day session and possibly heading into the new week is generally looking for the continuation of the long extentsion to the upside above 1.07861 which would support the weekly, daily and 4 hour tf narrative that we're about to head into an inefficient market cycle supporting the strong buy narrative, however we do need to see a retracement...

FXCapitalClub

GBP/USD Swing idea in Play completing an efficient market cycle and about to begin an inefficient mareket cycle to the upside.

FXCapitalClub

Intra day trading idea for EUR/USD based on wyckoff accumilation which lines up with higher timemframe narrative of the daily and the 4hr timeframe with key support level of 1.07575 holding whilst we reach the end of the accumilation phase to then enter the inefficient market cycle of the weekly/monthly tf.

FXCapitalClub

Trade idea for EUR/USD Swing Position wich shows the potential of going to the upside based on the ending of an efficient market cycle and also Wyckoff accumilation.