The AUD/USD is currently experiencing bullish momentum, and we are looking to capitalize on the next upward movement using a trend-following setup. However, in terms of fundamental analysis, the AUD/USD pair is facing difficulties in sustaining its current rally above 0.6680. This rally was initially sparked by the unexpected announcement of an interest rate hike...
Below mentioned points are discussed in my post analysis video(Fast forward to 1:36 for Hindi Audio) -Did not want to short/long at open -Banknifty 44290 again gave a good indication of the structure -System trade shared gave Scalp Buys in BankNifty -How will i trade when market opens tom.
Good evening gold gang! Well, we got the 4hr pull back and rejection trade. Congrats if you got it too. A relatively slow day for gold today as there was no USD news. Price tried and failed multiple times to break and close with conviction above the 1963 and on the open of the new 4hr at 14.00 .. rejected it properly and thats when i entered. Price came down 6...
The Australian AiG Construction Index for May registered a reading of -6.6, showing a slight improvement compared to the April figure of -12.4. Additionally, the AiG Manufacturing Index came in at -5.1, while the AiG Industry Index recorded -10.9. Comparatively, in April, the AiG Manufacturing Index was reported at -20.2, and the AiG Industry Index at...
The price has been steadily increasing, showcasing a strong bullish momentum. Yesterday, the price underwent a retest of the 50% Fibonacci area, bringing us closer to our target at 175.100. This level coincides with the D Leg extension of the ABCD pattern. As we analyze the chart, we are anticipating a continuation of the bullish trend.
EUR/USD slipped below the 1.0700 level during the early European morning, driven down by a strengthening US Dollar and a lackluster risk sentiment. The pair faced additional pressure from mixed German Industrial Production data. Market focus now turns to ECB-related announcements. Yesterday, the price broke the dynamic trendline of the bullish channel,...
Positive Confluence Factors... (15) 1. LTF and HTF direction in alignment? ✅ 2. At edge of HTF structure (in green zone)? ✅ 3. HTF candlestick confirmation? ✅ 4. Trade setup visible on multiple time frames? ✅ 5. Break out of structure and a break back in present? ✅ 6. Near miss present (below price if looking to get short, or above price if looking to get...
Positive Confluence Factors... (16) 1. LTF and HTF direction in alignment? ✅ 2. At edge of HTF structure (in green zone)? 3. HTF candlestick confirmation? ✅ 4. Trade setup visible on multiple time frames? ✅ 5. Break out of structure and a break back in present? ✅ 6. Near miss present (below price if looking to get short, or above price if looking to get...
In the current EUR/JPY price analysis, the bears are putting up a fight to prevent a bullish correction. The currency pair is facing downward pressure within a bearish framework when examining the hourly charts. A notable development is the formation of an AB=CD pattern, further confirming the bearish sentiment. This pattern is observed within a bearish channel,...
Yesterday, the GBP/CAD experienced a notable decline, reaching a daily low of 1.6725 as the week drew to a close. This downward movement was primarily driven by robust labor market data from the United States, which hinted at the possibility of the Federal Reserve (Fed) reevaluating its stance on further interest rate hikes. Meanwhile, the British Pound continued...
Positive Confluence Factors... (15) 1. LTF and HTF direction in alignment? ✅ 2. At edge of HTF structure (in green zone)? ✅ 3. HTF candlestick confirmation? ✅ 4. Trade setup visible on multiple time frames? ✅ 5. Break out of structure and a break back in present? ✅ 6. Near miss present (below price if looking to get short, or above price if looking to get...
Following Downtrend Golden Fib level keeping chart simple
Day Trade Market Condition jun 06, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Below mentioned points are discussed in my post analysis video(Fast forward to 1:12 for Hindi Audio) -Nifty 1hr gave a gap fill in the first half -System Trade Shared Predicted Vwap Break in Nifty After 2 -BankNifty gave scalp shorts as per yesterday's levels -How will i trade when market opens tom
Yesterday, the GBP/USD currency pair experienced a pullback at the 50% Fibonacci level, marking the beginning of a new bearish trend. As the downtrend unfolds, the next potential target for the GBP lies around the support area of 1.23400. On the fundamental front, the GBP/USD pair encountered renewed bearish pressure during the European morning, causing it to...
In the recent hours, there has been a noteworthy development in the EUR/USD currency pair as it moves closer to a fresh and relatively proximate market movement. Currently, the price is gradually approaching a dynamic trendline that has historically functioned as a support level. Based on our analysis, we anticipate the emergence of a new bearish impulse in the...
In terms of technical analysis, yesterday the USD/JPY experienced a strong bearish impulse after reaching the 140.400 value. This indicates a downward price change and suggests a bearish setup. On the fundamental side, the US Dollar (USD) has been recovering from a one-week low since the release of the Non-Farm Payrolls (NFP) data. This recovery is seen as a...
This is trade idea for GBPJPY Day Trade -Buy around FVG or Orderblock according to the confirmation that will occur. -Possible bullish price movement towards the resistance. -Risk Reward 1:2