Trade Strategy: Short Position: Enter on a clear technical break below key support. Stop-Loss: Place above the recent swing high. Take-Profit: Target the next support level, considering the prevailing downtrend. GBP (British Pound): BoE maintains rates, committed to keeping them high, which can damage the economy further and cause a recession. Governor...
Here is my latest structure analysis for Dollar Index. Resistance 1: 103.05 - 103.65 area Resistance 2: 104.16 - 104.29 area Resistance 3: 104.39 - 104.55 area Support 1: 101.90 - 102.23 area Support 2: 100.60 - 100.88 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
In a significant escalation of hostilities in the Middle East, Iran fired missiles into Iraq, resulting in casualties. Reports indicate that at least one missile hit very close to the US Consulate in Erbil. Beyond the provocation towards the US, the act of firing missiles into a neighboring country by Iran is likely to prompt a response. Additionally,...
– Previous Daily candle closed weak Bullish around 2055.400 as price ranged across the Monday sessions. – Buys on close above 2058.700 targeting 4h Resistance formed around 2064.200, Leaving Runners to the 1h Resistance formed on 2nd January 2024 around 2070.600. – Sells on close below 2050.500 targeting Weekly Support formed around 2045.500, Leaving Runners to...
Price action analysis for Dollar Index. Trend analysis & directional bias. Candlestick analysis. Potential scenarios. Trading plan. ❤️Please, support this video with like and comment!❤️
🇺🇸DXY D1 Lots of consolidation seen on the dollar index over the last couple of weeks, and we don’t really have any true indication of where we want to direct. The daily trend is still active and pointing to the downside, I’d just like a little more confirmation that we are seeing bearish control again. The targets on this basis would be 100.00 as previously...
– Previous Weekly candle closed Doji Bullish around 2049.100 forming weak Weekly Support around 2045.500, Friday Daily candle closed strong Bullish above recent Daily range, Rejecting recent Weekly Resistance. – Buys on close above 2056.500 targeting Weekly Resistance formed on 1st January 2024 around 2063.100, Leaving Runners to the 1h Resistance formed on 2nd...
DXY Downtrend The 6 month candle chart suggests we could be in for at least two red quarters which would suggesting positive markets..... which seems contradictory to the current sentiment BUT not the current charts (S&P, NASDAQ,etc). The weekly chart currently shows the critical resistance at $1.00 and we appear to be heading straight for it. I genuinely...
the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares. That will lead new traders to put their money longing btc , so that will create a good liquidity to whales to sell at 47k - 50k levels , and that's really what happened do not get suprised by seeing btc's price range between 20k - 30k
Here is my latest structure analysis for EURUSD. Support 1: 1.0876 - 1.0895 area Support 2: 1.0723 - 1.0760 area Resistance 1: 1.0974 - 1.1000 area Resistance 2: 1.1106 - 1.1140 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
Hey everyone! Let's dive into what's going on with gold after the CPI news. We saw a spike, followed by a channel formation. But after losing channel support, I'm expecting gold to enter a trading range, starting with the first pullback post-spike. Notice how gold experienced three bearish pushes, each weaker and shallower than the last, barely breaking the...
The potential for a stronger dollar looms ahead, driven by the robustness of the US economy, which enables Federal Reserve officials to pursue a more gradual reduction in interest rates compared to other major central banks. Despite the Federal Reserve's assertive approach to raising interest rates, the US economy has demonstrated resilience, with inflation...
Buying Gold due to the failed close below 2016. I predicted 2012 last week, but to see this I'd anticipate good confirmation. This has not happened yet, CPI has dropped gold over 150 pips, now im expecting a clear push back to 2025+ area. Ive entered at 2016.54, targeting 2029.54 and my stop is set at 2013.54. Gives me a 1:4.33 R/R 1%Risk Entered at the low end...
We have an incomplete bullish flag pattern since the past 2 weeks, another flag pattern formed this week, showing bullish possibility. I expect price to test the support zone and the 50EMA and then move bullish to 1.27710 as our take profit zone.
– Previous Daily candle closed Bullish around 2029.000 forming Daily Support around 2024.300 within Daily recent range and leaving 110 pip Rejection wick to the downside. – Buys on close above 2036.000 targeting previous Daily Support formed on 4th January 2024 around 2041.400, Leaving Runners to the 4h Strong Resistance formed on 4th January aswell around...
In tomorrow's trading session, the spotlight is on XAUUSD as we consider a selling opportunity around the 2043 zone. To form a nuanced view, it's imperative to juxtapose the recent Consumer Price Index (CPI) data with preceding figures. The CPI figures from today—3.4% actual, 3.2% forecast, and 3.1% previous—demonstrate a slight uptick, indicating inflationary...
✅EUR_USD is trading along the rising support line And as the pair is going up now After the retest of the line I am expecting the price to keep growing To retest the supply levels above at 1.1021 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello ladies and gentlemen! I bring to your attention my very global view of the US dollar solely from the point of view of technical analysis, namely the Elliot wave theory. The graph shows the projection of the missing waves in the impulse of the supercycle - I-II-III-IV-V, the impulse is fully completed and ended back in 1985. In my opinion, from the point of...