UnknownUnicorn4632978
Trade update - Better analysis in next post
Mixed data from USD. The unchanged Consumer Sentiment and Inflation Expectations provide for a bullish run on Gold shortly. Entry based off-break of 30min consolidation with volume down. SL trailed (original SL shown) - Risk free trade.
Gold is sitting at a key level with a lot of liquidity. Price has tapped into this zone and pushed bullish while maintaining its bearish structure. Fundamentals will be essential here for potential moves. Still very bullish on Gold for next 6 months to 1 year since 2021 is seen as the year of recovery. The Fed's outlook is still bearish on the dollar due to the...
USD fundamentals heavy day - positive fundamentals strengthening USD against GBP. 100pip sell off with no drawdown. Completely risk free now with a scale in as daily breaks previous daily low. Potential runners.
Mid Trade Update of EURGBP 500 pips sell using Wyckoff. GBP is strengthening as UK leads in mass vaccinations and EUR struggles with vaccination supply and rollouts.
Simple Technical and Fundamental Analysis. As I mention in the video several times, cryptocurrency is a very new asset class that has recently started to attract large/institutional investors. Alike any new asset class, cryptocurrency can be moved heavily by fundamentals. When I saw the three major fundamentals released along with the technical analysis alignment,...
The fundamentals are pretty evident. Same fundamentals as GJ, EG, and USD pairs.
Did the initial breakdown for this asset January 6, 2021. Price retraced as fundamentals started to align. When price came back to the same level and showed bullish confirmation on 4hr and Daily, I took the same entry with same Stop Loss and Take Profit. This was supposed to be a position trade but the rallies from the retail investors completed the trade earlier...
Price is in bearish structure, retraced to correct the downward pressure, and moved down. Fundamentals: The gameplan to turn the company around is to attract customers via low prices and package deals (flight + hotel + cruise lines). However, the CEO does state all of this is dependent on the vaccine rollouts. The US is behind other nations when it comes to...
Following general LH/LL structure, Monthly --> Daily are all bearish structure. 2hr and 4hr consolidated for some time so there are large sell orders generated and can bring in volume. Huge emphasis on the fundamentals; currently, there is investor optimism sentiment regarding the vaccine production (more and more companies producing vaccines and filing for EUA -...
Top-Down Analysis of Gold from a technical, fundamental, and investor sentiment perspective.
Breakdown of my entry, SL, TP, and potential Scale In opportunities for Silver. For EDUCATIONAL purposes only. Any and all trades should be taken at individual's own risk.
Looking to add onto my current trade with another opportunity. Oil seems to be setting up for a bullish run. Just need the proper fundamentals from the OPEC meeting this week and the confirmation from Daily and 4hr.
We have hit a strong resistance level. I anticipate price to fall down. Feel free to contact on me on IG: sharmafx if you have any questions/concerns/comments!
Ready for Buy or Sell but I want confirmation on higher timeframes to take trades. Any questions/concerns/comments, please contact me on my IG: @sharmafx Hope everyone has a great trading week!
After several days of rejecting 132, bullish GBP fundamentals rolled out to get price out of consolidation area on smaller timeframes and move the price up. The next strong psychological area price is approaching is 134. Upon the break of that price, I will look for a swing entry to 134.500 to 135 area
Price is still rejecting 132 area on daily so we will probably continue up today.
It is a Sunday so I will take these entries upon a retest since price has wicked back into the range last week. A lot of patience is needed today. Full Breakdown on my IG: @sharmafx Also please direct all comments/questions/concerns to my IG!