The price of gold showed resilience after a bounce in the range of $1,914-$1,913 from the previous day, recording a modest increase of just over 0.20% and breaking a three-day losing streak. However, it gave up the weekly gains, being below all moving averages. Technical indicators confirm the bearish sentiment, with the peak of the pair this week at the 61.8%...
The market has been relentless to the downside over the last 2-3 months. 0:0 Monthly timeframe 2:00 Weekly timeframe 5:35 Daily timeframe 8:45 4hr timeframe 12:35 let's zoom out a bit 12:30 1hr timeframe 15:15 Bias Fueled by Inflation data and technical confirmations, the market has continued is descent time & again. Tuesday Wednesday and thursday have closed...
EURSGD started consolidating at the beginning of September and then broke below this range 14 days later. Price retraced back to the lower boundary of the previous range and is currently holding below. This is a good indication that selling pressure remains strong. As long as price is holding below this range, a swing trade potential is possible.
In yesterday's New York session the EURUSD pair had a New York session high of 1.06736 and a session low of 1.06236, this was the range of the New York session. Going forward today I will have a look at the lows and highs of the Asian session to see where liquidity is sitting. Depending on whether you are long or short there will be a lot of buy and sell stops...
Boosted by a weaker US Dollar, the GBP/USD bounced from six-month lows near 1.2230 and rose to the 1.2300 area. However, the Pound remains among the worst performers following the surprising accommodative stance of the Bank of England. The Relative Strength Index (RSI) indicator on the four-hour chart stays below 30, and GBP/USD trades within touching distance of...
We have entered EURUSD on the daily confirmation bar on a short trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. As per pour previous post, after the Fed News, according to our OE tables, the more than 50% likely chance of the weekly potential low got...
We had previously entered USDJPY on the daily confirmation bar on a long trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. Ahead of the Fed news, we had trailed our stop to low of IB-1 at 147.32 shown as TSL 1 on the chart image. The Fed news bar did not...
Good evening gold gang! .. wow what a great day! .. small scalps in NY and huge sells for FOMC. congrats if you followed along and took the same trades DXY has come up and cleared all ranges now and left a double top thats ready to be raided .. so this could have been the top for gold as it we make our way down following the HTF trend Buys, sells and reversals...
Hi Traders! There is a potential failed bull flag opportunity on the GBJPY 1D chart. The flag looks like it has failed to continue the bullish momentum, and the price action now looks bearish. The market has broken below our 20 EMA, and the swings are getting lower with lower highs and lower lows. The pattern is turning into a bearish ascending channel. As long...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURCHF has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper trendline. Moreover, the zone 0.97 - 0.975 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it...
Explanation within the chart - entry could have been better. Going for a 2RR
EurUsd Buyers in La la land or are we onto something here? 0:0 Monthly timeframe 2:10 Weekly tiemframe 5:26 daily timeframe 7:34 4hr timeframe 10:25 Let's talk interest rates 12:30 1hr timeframe At times the market has coincided it's bottom or top with a News release. Today we have the September Interest Rates release as our fundamental catalyst for a potential...
The USD/JPY pair is gaining momentum on the charts after the Federal Reserve's rate decision and update on inflation projections. It has surged to new highs near the 148.00 mark as the US dollar (USD) benefits from increasing inflation expectations set by the Fed. Starting at 147.50, the USD/JPY has gained a strong 50 pips following the Fed's rate decision. The...
Whats up gold gang! hope you had a good day today with a couple of winning trades in both asia and new york and a tiny loss due to good risk management .. ended in profit and thats what we like Tomorrows FOMC is a great day in the calendar to get gold moving once again .. We have price currently ranging around the algo level awaiting propulsion .. and id like...
Nifty future and banknifty future analysis and intraday plan in kannada. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
i think price would go down at this point this position is very risky..i am predicting :D its wrong work anyway pay attention to this chart pattern :)
We are observing a strengthening of the British pound (GBP) against the US dollar (USD) just hours before the Fed's interest rate announcement. The market has broken a significant swing high at the 1.241 level and is heading towards a supply zone at the 1.24200 level. This zone is within a resistance/support area on the H4 timeframe ranging from 1.243 to 1.25,...
US30 has now recently made a lower high and is now in an extended market compression. For us to consider trailing our stop, it has to take out the first swing high at 35012 and then at 35098 as shown on chart image. Once it does take out both those levels, it has a higher probability to confirm the weekly bottom.Let's see how the trade plans out according to our...