Greetings Traders, As we enter this new week of trading, I anticipate a shift towards bearish institutional order flow. Following Friday's NFP news release, we saw a draw towards the final buy-side objective, namely the weekly bearish order block. This move appears to be a temporary shift, reinforcing our long-term bearish outlook. Currently, price action on the...
Hello traders, In today's video, I'll delve deep into the GBPUSD analysis, offering a thorough outlook for the upcoming trading week. With significant developments unfolding on both the DXY and GBPUSD charts, it's imperative to dissect the possibilities that lie ahead. Stay tuned for invaluable insights that can help guide your trading decisions. Don't hesitate...
Gold retraced back up to the 50% fib level OANDA:XAUUSD FOREXCOM:XAUUSD , started creating a consolidation now we will see further sell movement as gold is currently in a correction phase. This is only a trade idea, use proper risk management. Happy trading
#BTC/USDT ANALYSIS BTC has pumped from the support trendline of the descending channel and is currently encountering resistance at the trendline, coinciding with the MA 50 acting as a barrier. The MACD crossover indicates bullish momentum. A decisive breakout above the channel would confirm bullish move, whereas a rejection could signal continued movement...
Due to the high purchase made my RSI indicates a bearish trend loading up Sell now and made some profits
Gold's 1-hour moving average continues its downward trajectory, indicating a potential short position. Although there was a brief rebound, Gold quickly retracted after a momentary surge. Bulls are inactive, giving bears the upper hand in market control. If Gold crosses the 2281 mark once, it's poised to plummet further.
Trading Plan 1. Daily Bias - Bearish 2. Dealing Range - Price at discount 3. PD arrays - Doji followed by FVG (Sell side Inefficiency) at Supply (48500) 4. Liquidity - Both Sell side and buy side available. 5. Draw on Liquidity - Previous day Low Concept Applied : Power of Three - AMD A - Accumulation M - Manipulation D - Distribution As the daily bias is...
we would be looking to go SHORT once price clears the internal range liquidity...NOTE:We react to price action not predict. LIKE and SHARE your IDEA if otherwise
Looking for Gold (XAUUSD) to have a larger retracement prior to continuing bullish in the longterm. I am waiting for a retest of the resistance around the $2400 price. I will then be looking at the lower timeframes 4H, 1H, 30Mins for sell entries. First profit taking level will be at the $2185 level, where I will move my stop loss to breakeven. Full take...
✍️ NOVA hello everyone, Let's comment on gold price next week from 4/29 - 5/3/2024 🔥 World situation: Gold price falls as US inflation data exceeds expectations, dampening hopes of Fed rate cuts. Annual underlying inflation rises to 2.7% but slows from February's 2.8%. Monthly inflation in line with expectations. Positive for bond yields and USD. 🔥...
According to the price condition now it is facing a very strong resistance that forms a celling to it right now and it created a downtrend line with 2 waves and now we are about to create the third wave. If u used ur fib tool u will see that the price is near the 61% and 71% fib level that’s why i chose to put a sell limit order around 1.46750. I also chose 50...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold made some recovery on Wednesday after experiencing two consecutive negative sessions at the start of the week, as geopolitical risks subsided. Despite better-than-expected economic data from the United States (US), a strong US Dollar, and higher US Treasury yields, buyers of the precious metal took...
After price revisited the 11th April High 0.65455 - 0.65340 we are seeing a possibility of another run lower towards the previous low I will be interested in seeing a break below 0.64832 for sell continuations. If we continue to see bears pushin g price lower I will be looking for possibility of seeing price revisit the 18th April 2024 low 0.63710 Breaks...
TVC:GOLD bullish momentum seems to be exhausted after making All Time High. As It has broken its ascending trendline and support area at 2300-2320, It looks like GOLD will continue its correction towards 2200-2230 zones. In long term outlook, GOLD is still bullish while in short term outlook, We can look for selling opportunities till fib 0.5 retracement.
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price fell slightly on Tuesday in the North American session due to a weaker-than-expected S&P Global Purchasing Managers Index (PMI) report. Despite the Greenback's weakness, buyers were unable to take advantage, while US Treasury yields declined. XAU/USD traded at $2,323, down 0.11%. The US...
US30 broke structure and continued on a downtrend giving us a new low (Indication). It is now in a correction phase and watching as price reacts to that area 38400-38500. If we drop and close below 38440, will be looking for entry to sell to the lows at 37300 area.
Greetings Traders, Yesterday, our focus was on minor bullish objectives, although it's important to note the prevailing bearish sentiment in the institutional order flow. Price successfully reached these objectives, notably the daily bearish order block. Currently, we've observed a bearish market structure shift on the H1 timeframe, signaling a continuation of...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) experienced a significant drop of over 2% on Monday, marking its largest daily decline since June 13, 2022. This decrease was primarily attributed to diminishing concerns about a broader conflict in the Middle East, which led to a reduced demand for traditional safe-haven...