EURJPY / 1D Hello traders, welcome back to another market breakdown. EURJPY has been trading around a KEY Level on the yearly time frame. I expect the price to more likely form a trading range. Check out the trigger plan for more confirmation. Trade safely, Trader Leo
A riskier entry but worth considering. Rising trend followed by a prolonged consolidation. Long entry without waiting for the breaking of the upper trend line.
This stock breakout ATH level and 2 years major resistance breakout and TGT will be 1:4 level and this is only for educational purpose
The Japanese Yen drifts lower on Friday and moves away from over a two-week high. The BoJ policy uncertainty and the risk-on environment undermine the safe-haven JPY. Hawkish Fed expectations underpin the USD and remain supportive of the momentum. rom a technical perspective, any subsequent move up is likely to confront stiff resistance near the 150.65-150.70...
Gap Up Opening above 47500: If the price opens above 47500 and maintains levels around 47450 – 47440, consider a long trade with a stop loss at 47300. Target levels are 47716 – 47777, with a possible sideways movement upon reaching these levels. A sustained move beyond 47800 could lead to an upward surge towards 48258. Should prices fail to hold above 47440 and...
Interpretation: Previously disorganized Fibo clouds have gradually aligned themselves generating resistance against the evolution of the candles. The compacting of fibo clouds from different timeframes signals direction and strength towards the first target to be reached Reaching the first target makes it necessary to move the stop loss to the position where the...
Gap Up Opening above 22400: A sustained move above 22400 suggests a long trade opportunity targeting 22500 – 22537 with a stop loss at 22370. Conversely, if prices retreat from 22400, support can be expected near 22327 – 22274 leading to a sideways movement. Flat Opening: In case of a flat opening, consider initiating a long trade around 22327 – 22300 with a...
Gold gathered bullish momentum in the second half of the day on Friday and reached its highest level since early January above $2,070. The benchmark 10-year US Treasury bond yield is down 1% at 4.2%, fueling XAU/USD's rally ahead of the weekend.
Gold price (XAU/USD) ticks lower following an intraday uptick back closer to a one-month top touched the previous day and slides closer to the $2,042-2,040 resistance break point during the early European session on Friday. Growing acceptance that the Federal Reserve (Fed) will wait until the June policy meeting before lowering borrowing costs remains supportive...
✍️ NOVA hello everyone, Let's comment on gold price next week from 4/3 - 8/3/2024 🔥 World situation: The ISM February Manufacturing PMI decreased to 47.8 from 49.1, indicating a contraction in the U.S. manufacturing sector. Timothy Fiore, Chair of the Institute for Supply Management, mentioned that the rate of contraction was faster than in January, with a...
Hi all, After initial reflection on Bitcoin's long-term prospects (see link below), I would like to make a more detailed analaysis for it in the next two or three years. Development cycles and characteristics I'll devide the evolution of BTC into three main cycles: Cycle 0: From the birth of BTC until November 2021 Cycle 1: From Nov 2011 to Nov 2018....
There was another minor inducement on Friday where I added a position. I still think it will continue at least to the liquidity pool. What do you think? LQP = Liquidity Pool Arrows = Inducement Points 2WT = 2 Way Trap
I still maintain a bearish outlook on GU; however, there's significant liquidity gathering around the marked trendline above. Consequently, I anticipate this liquidity to be taken out first, creating a CHOCH to the upside. Once this transition occurs, I expect a retracement back to the newly identified 4hr demand zone. This temporary upward movement is envisioned...
Expecting good upside move in ICICIPRULI as it has broken the channel pattern
I took a short at 0.88733. 50+ pips running profit. I think that there is a possibility for it going to my main target which is the liquidity pool. (100+ pips) What do you think? LQP = Liquidity Pool Arrows = Inducement Points DBR = Drop Base Rally Demand Zone
For now I'm still in the buys from the last idea that I posted. From a psychological perspective people are most likely trying to catch the top of the BTC bullish movements which often leads to more movements to the other side that all the people are expecting. My targets which I'd possibly look for shorts are 66k where is a Daily 2WT or 69k which is a liquidity...
After more than a year of manufacturing PMI stay below 50, meaning the manufacture activity is below average, recently (start Oct 2023) the manufacturing PMI seems recovering in US, UK, France, Italy, Greece. and if manufacturing is getting better, oil demand should be elevated and so the oil price.
Bank Nifty is going to show a breakout and may take the levels to new highs .. Can it touch 50k , we will have to wait and see . A calculation of path to the journey is tried here.. good luck !