Yesterday, the gold price touched 1900 and in the past, the price had reacted very strongly in this area. Gold is hitting its downside target as selling momentum dries up. On the one-hour chart, gold prices hold below the Moving Averages (EMA) of 34 and 89. Meanwhile, the Relative Strength Index (RSI) is in the bearish zone below 50, triggering bearish momentum...
⚡️Market news A series of policy makers from the US Federal Reserve (Fed) continue to support the case for raising interest rates further as inflation remains 'too high'. As a result, caution prevails while bond yields in the US continue to bolster the prospects of the Fed's hawkish stance. Investors are also limiting large bets on major currency pairs as well as...
Good setup, price made a LL and LH with bearish pinbar. This was a feast day so was off trading for the day.
⚡️Market news The price of gold initially experienced a significant increase in trading before Wednesday's Fed meeting, rising from the day's opening level of around $1,931.00 to reach a peak of $1,947.00 just below the important level of $1,950.00. XAU/USD dropped to $1,940.00 after the Federal Reserve (Fed) decided to keep interest rates steady at 5.5% for the...
In yesterday's New York session the EURUSD pair had a New York session high of 1.06736 and a session low of 1.06236, this was the range of the New York session. Going forward today I will have a look at the lows and highs of the Asian session to see where liquidity is sitting. Depending on whether you are long or short there will be a lot of buy and sell stops...
Hello traders, BOJ meeting could change the market direction. Daily view: There is one entry and three TPs for this pair. Levels calculated order_block, regarding support and resistances, channel and pivot points.
⚡️Market news The US Dollar Index (DXY) retreated from recent six-month highs, trading lower around 105.20. Gold prices attracted some buying for the third straight day on Monday and gradually rebounded near the $1,930 supply zone during the Asian session. XAU/USD may now be looking to build on the recent decent recovery from the $1,900 round figure. However, the...
On this auspicious occasion, may lord Vigna Vinayaka remove all obstacles from your life and fill it with joy and success. Happy Ganesh Chaturthi! NSE:METROPOLIS could be the next good investment for this year. After a big downtrend, the price is able to create an Inverse Head and Shoulder. Thereafter, the neckline broke, a retest happened, and now it should...
Hello traders, This might be the Elliot 5th wave! It's just a guess! If you are a Wave trader would you please share your idea with us? You can also find bearish divergences, but I think regarding the RtoR this the trade \does worth the risk.
Hello traders, There is one entry and a TP for this pair. You could hold for a 2nd TP, we DON'T ! Levels calculated order_block, regarding support and resistances, channel and pivot points.
⚡️Market news Today, the OANDA:XAUUSD trading session started with a slight increase in price, reaching the range of $1929-1930, as the US dollar weakened slightly. Meanwhile, the US Dollar Index (DXY), which measures fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), decreased by 0.1% to 105.22 and this supported the price of...
This is a Simple Price Action Analysis of $NSE:VEDL. In NSE:VEDL Price has broken the downtrend and started a new Up-Trend by creating Higher Highs and Higher Lows. As a W-shaped recovery is forming, my expectation is Price will go up to 857.20/- (Based on Fibonacci calculations)-. This will be approx. 262.45% Return on Investment. We can Buy on every...
Explanation is in the chart - price made a higher high, was looking for a re-test on previous resistance turned support. Price created bullish engulfing candle & EMA RT - my entry was off by 5 pips, should be BE but took a 0.5% L
NSE:BANKBARODA is making HH and HLs in the Daily chart and is reacting from a Fresh Trap Zone. The expectation is price will make another HH from here as that is the habit of the price. So, we can think of taking a long trade with a small risk to get the 3.65: 1 Reward to Risk. That is a 10.70% Return on Investment in quick succession.
Great setup - A+ Price created LL and 1st LH with RT to EMA & rejection on Fib ! 3RR trade - bearish pinbar was the sell signal.
Nifty future and banknifty future analysis and intraday plan in kannada. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
Good setup - price created LL and LH - entered on the 1st LH, price broke previous low but ended up triggering SL at BE
Not the greatest play in terms of market structure, price was consolidating on the HTF and the candle that was entered was 50% wick & body.....BE was respected x2 and then SL was triggered...1% loss