DXY H4 - Expecting the dollar to pick up somewhat and resume it's bull from catalysed from Wednesdays FOMC event. A pullback to 112.00 before bouncing would make some sense. We have seen a very small relief rally for ***USD pairs in the scheme of things so far. But with the line up of data we have, I think the aggression may continue.
With BTC back at the neckline of this potential double top, I would play very close attention to divergences on lower TF for exit liquidity mini pumps. Usual Macro economic bullish sentiment #FOMC mini cycle: 1) Fed is gonna pivot guys - LFG bull market is back 2) ooops; FED is not done - dump 3) buy it back up so that retail can come in 4) retail: hmmm; its not...
Reality crashed the party with stocks yesterday, as we have been predicting here. The FOMC event was still quite hawkish despite the market's anticipation that we would see some softening in rhetoric. This caused stocks to tank yesterday, with the S&P 500 falling through multiple levels to find support at 3758. European equities have softened which could...
The US Federal Reserve hiked interest rates by 75bps, taking US rates to 4.00% In the accompanying statement, it was stated that "In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and...
With the 75 basis point rate hike in yesterday FOMC Statement & the data dependent slow down in December, we got impulsive bearish move after rejecting from 1668-1670. We have been mentioning 1675-1680 as the key level of rejection in our last gold trade reports. with this hawkish move from FED we can still see the US dollar getting stronger in higher time...
Yesterday on FOMC meeting I had bearish bias. IR were announced (0,75bps) and price spiked up to clear all liquidity above. I did not expected this big push, but eventually was profitable day. I took 3 setups before FOMC meeting - the first one hit my SL. Setup 1 After big push price formed 1min high confluence setup and I entered. Gold started to consolidate...
So Tuesday, the high of the week? quite possibly. Wednesday, FOMC and Powell announce a 75bps rate hike. Talks down the market. Conveniently for anyone that shorted the gap fill, their target of the resting liquidity under the double bottom was realised.
The $QQQ is triggering a long setup on the right shoulder of a possible inverse head and shoulders. A (conservative) measured move of the head to the neck, from the lower right shoulder, gives a target of $302.40. The FOMC meeting is on Wed 11/02. News on 10/27: "Economists at BlackRock are speaking with financial advisers, saying that they are expecting "pivot...
Yesterday, I was happy to take an hourly setup. Price raided hourly liquidity area (above yellow line) into a single print (purple) with orderblock shortly above it (green). I anticipated the setup and placed my short limits just below the single print (my limit is in blue) and closed it all in several hours in anticipation of FED's rate decision today. What was...
dxy looing for breakout 116 or 105 if dxy breaks to the upside we can expect further uptrend towards 116 or may 117 if dxy breaksdown then get ready for 104 or may be 100
Greetings fellow traders. In this analysis, we take a look at a possible Solana ($SOL) Buy Swing position. The Risk-to-Reward on this trade is a "No-Brainer" hence the reason I am sharing this trade setup. My confluences for the Buy trade setup: - Solana is well known as for its NFT ecosystem. With $SOL being the underlying currency for this ecosystem, it makes...
As we head into the FOMC interest rate decision, here are some guiding thoughts when you are trading a major news event.
This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. Really short FOMC Report...
After correcting its price by hitting the major trend line and maintaining it, the EURUSD currency pair is now back in its bearish structure, and according to the economic data of the United States and the Eurozone, the possibility of increasing the strength of the dollar against the euro is very high. Our opinion on the structure of the chart is bearish with a...
Hey traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1650 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in today's trading session we are monitoring BTCUSDT for a selling opportunity around 20700 zone, once we will receive any bearish confirmation the trade will b executed. Trade safe, Joe.
As the FOMC meeting is coming up in just a few hours Bitcoin is relatively not moving that much. What can we expect Bitcoin to do? As we are closing down the triangle I am expecting this to break during the meeting as volume will start to kick in. We have 2 clear scenarios • We will break up and are going to 21k • We will break down and are going to...