We will have two scenarios either to break the supply and go down to retest it and making right shoulder so will have full head and shoulder pattern and continue to go up to 1880 or maybe 1905 as max or it will retest the supply zone and drop again to 1805 or maybe 1790 Disclaimer: This is not financial advice. The information provided here is for educational...
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Hello traders ,what do you think about GBPUSD? This currency has broken its channel down pattern, it is expected to pullback to either retest the channel down or continue to go up as you can see in pic this for bullish scenario or it will continue to drop more to 1.19500 If this post was useful to you, do not forget to like and comment. **Disclaimer: This is...
Don't forget From December, the EU and G7 also want to cap the price countries pay for Russian oil. They are telling importers of Russian crude oil that western insurers will not cover oil shipments if they pay more than the cap. and also we have OPEC meeting in the beginning of December
Double Top pattern formed and I think it will retest the resistance in the 90-91.7 area where the smart money waiting there to dump it
I will enter sell gold on this price 1765 and my target is 1755 1750 stop loss will be 1770 and if its hold above 1750 then we might see 1830 soon then
We can see we have Wyckoff around 109,500 and 109.750 so I think next week will be bullish for DXY for retest Wyckoff then it will drop down around 104 and 102
With USD strength with a strong bearish trend currently intact, we have saw gold tried twice to break major resistance but it couldn't so I think a temporary retest of 1622 allowed bulls to push prices up and break Major resistance at 1685 before running into resistance at 1720 - 1730 then they will dump it to 1560-1580 Also don't forget Gold competes against...
The British pound edged above $1.12 recouping some losses from the previous session The Bank of England’s emergency bond-buying scheme, which was used to cover pension funds caught up in the market chaos sparked by the tax cuts announced last month, I think by Wed or Thursdays we will see price starting to fallin we are monitoring GBPUSD for a selling opportunity...
US stock indexes might not finish the week with healthy gains so this my forecast for Dow jones So yesterday the price has reached Supply Area So I think we will have huge drop from this level
I think this week everything against dollar will go up until next week and after fed interest rate they will dump it
US stock indexes finished the week with healthy gains so this my forecast for Nasdaq this week
We saw on Thursday the market broke the structure and on Friday went for a retracement so I think we have a nice buy entry between 29400 - 29100 price it might go lower than that for stop loss hunt aka sell side liquidity smart money is Going to fill their bags at 30900-31200 levels.
The US dollar (USD) has strengthened against most other major currencies in recent months, reaching a 20-year high by regained ground above the 113 bouncing back from its weekly lows of around 110 and We've already had five rate hikes this year, but the Fed has not yet been able to contain runaway inflation. Inflation shows no signs of slowing, with 8.2% increase...
we can spot a falling wedge pattern that is very close to a breakout also very well respected and this provides a great opportunity for a long position! but don't forget we have Consumer Price Index after 1 hr from now which is a key way to measure changes in purchasing trends and inflation. if its less than Forecast then we will see Nasdaq, Dow and Gold will move...
This week we saw sideways movement forming price is in a range between 1660 - 1675 Yesterday Price tried to break major resistance at 1685 but it couldnt went back again to Range 1660 - 1670 so basically there's two scenarios let's see which scenarios it will make and don't forget we have PPI (Producer Price Index) also FOMC meeting minutes!! Note:- Do you own...
A potential bull flag is forming on the 8 hourly timeframe. A flag is a neutral pattern until a trendline is broken. Move to the upside might create a new high for the DXY . *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.