Hello Traders! As you know i'm only focusing on GU and UJ this month. We have been anticipating a GU sell and UJ buy since last week. Here the opportunity finally presented itself. Now next week we will talk about what's next.
Just like you I was expected a bad report on the NFP, but looks like the US job report surprised us. 467K was the actual news release data, with a consensus prediction at 150K, the pound dropped significantly, and will continue to. we are currently in a swing sell trade, let see how this plays out. Target 1 & 2 is in play for today's swing.
Hello Traders! I believe we are still going to see a push to the downside from 1807-1809 area at least to 1787-1788 before we see any correction I would just be very cautious when it comes to risk management as we have NFP today and price could prove to be very volatile. Happy trading wishing you a great day ahead and happy weekend in advance Please do not...
Hello Traders, we were expecting the shorts to play out pre-NFP but since that did not happen, we are currently anticipating price to react from 1819-1825 for shorts. The rejection could be just a spike from news events and a quick continuation to the downside. GOLD is still very bearish and has potential to reach to the 1760 level ! I will not be taking...
The British pound is slightly lower in Friday trading. It has been an excellent week for GBP/USD, which has gained 1.26%. If the pound can maintain these gains during the day, it will mark the currency's best weekly showing since December 2020. As was widely predicted, the BoE raised rates by 0.25% at Thursday's meeting. This brings the key rate 0.50% and was...
This is our view for NFP 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. We’re going to start...
I will be placing this order on USDCAD today, it seems logical to me. Due to NFP, risk will be reduced dramatically. This is my only trade of the day, good luck traders. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER : Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk...
Dear traders, There we go. Another crazy NFP day. As you can see from my markup, I'm expecting a short from the 4H OB where the price is currently at. Also, the price is respecting the trend line. One thing to note: That long bearish wick, which has been initiated by yesterday's news, penetrated the TL and came back to close bullish. The same thing can happen...
TGIF all, I wanted to share my opinions to the chart of DXY . I see DXY still successfully produces lower highs while finding supports on 9 months old (blue) trendline. In my opinion, DXY is still bullish above 94.60. We observed a correction lately on DXY from the 97.5 levels. Demand to dollar increased due to the expected rate hikes of Fed but the price...
Most likely today gold will be one of the most volatile instruments. It's all about NFP. However, approach to 1780.55 is expected. If, nevertheless, the metal goes up, then the price will hit the level of 1850, where strong resistance is located. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Hello traders, Gold remains bullish regardless #NFP numbers. target should be 1819 then 1829 Even if it drops a little, it should pick up again. ECB in no rush to hike rates, ECB wont hike till they end asset purchase program ECB possibly hike before year end Sept or Oct
Hello Traders! Some early price action here. London Open we get to see how it reacts, after dropping quickly away without finding a discount area. Price did not hang around M.O.P for too long as you can see.
US crude oil is very bullish and there is some correlation with CAD because CAD exports revenue mainly comes from Oil sales to USA Looking bearish on this pair to 1.265 Maybe i'm somehwta impatient but i'm not exactly seeing the dollar bulls at the moment. this could all change if NFP tomorrow, safe trading folks, Ill be closing this trade forsure before NFP.
EURUSD climbed 200 pips since the Interest Rates yesterday. Today NFP comes out as well. This is also a very important event which does affect the market. All week, we've been looking for a possible end of the pullback, but that impulse yesterday took price back to the previous high. However, we're still in a downtrend on the Daily timeframe and that's...
Hey Trader, please see my current idea on Gold. Last idea was nailed on exact pip. Since, I was expecting a buying reaction on the bottom of my last idea, I assume that we may have had our spring today, in order for us to get an impulsive wave 3. I'm expecting a little retrace, where I am willed to place buy order with a stop slightly below todays spring. NFP...
I see XAGUSD retesting our down trend line to break below our support structure. What are your thoughts?
This week’s 3 events will concentrate on US employment numbers. The released figures could bolster or work against the strength found in the USD since the beginning of the year. For instance, the NZD and EUR have quickly dropped in value against the USD and are currently at a multi-month low against the greenback. Depending on this week’s numbers, the GBP, CAD,...
Considering the structure of audjpy, the market looks bullish in a lower time frame but, scaling upward to 4H and Daily time frame, it is clearly showing that the bullish pattern is mainly to take off the liquidity gap in between the prices. Considering a trendline analysis as well, the market shows a downward pattern with 3-4 confirmations on the trendline....