On AUD/CHF, we have a long setup after the price began to rotate in the 0.56-0.5630 zone, providing significant confirmations. Currently, we're in a demand zone, and the price seems to be supported by a strong trendline that holds considerable liquidity from the ascending price. Additionally, we have a price that broke two H4 swing highs; the first one lacks an...
Traders, today we have those news releases for Wed, 28 Jun 2023..
Buyside liquidity then sellside liquidity..
Use these news as your trigger and most importantly, confirm your entry..
This view is linked to my previous view, please review it..
Price may reprice higher than H2 FVG and into my "sell area" marked in my previous idea..
Those are areas of "possible"...
Hello traders.
EURJPY formed a double top at multiyear High levels.
However, during evening of yesterday, some big players closed their positions and as a result the market direction was occured due to the surpass of sellers.
I think that the psychology of this pair is mainly short and any spike can be considered as a sell opportunity either if it touches the...
I see a strong rebound around this support and because of the testimony speech of Bailey.
Take profit : 2.00500
stoploss: 1.99600
what do you think ?
comment and like
Well it looks a lot better on the 1 minute chart, but I tell ya... It's fun to watch everytime ol Trump gets up there.
This is as I said "Fairly Accurate" The times may be off, but not by much i can guarantee that.
Let's Talk about it.
FX_IDC:XAUUSD now has a bullish daily hammer courtesy of Janet Yellen after being rejected from 1260 level. If the bullish momentum continues then FX_IDC:XAUUSD might have the weapon it needs to break that wall and the cluster of moving averages but it needs to get back to the fight.
Entry: 1229.02
SL: 1227(Moved to 1229.5)
TP: (tp1) 1246 (tp2) 1251 (tp3)...
Mid H4 Resistance is 13.21.
Budget speech being tomorrow there is a 85% chance this will go long but I am personally doubtful.
Trailing stops are a must though
Hello!
Dudley and his governor friend George are out to speak in less than 25 minutes and the US market and EURUSD is not making a noise since. At least on Minute 1 chart I don't see anything that catches my eye, but we should see a fine spike on M30 if it reaches 1.0600 (roughly) and take advantage of that. I'll show you how and I will be updating this idea as...
GBPUSD is clearly set up for some nice action later today. Yellen can bring this back down and create a nice double top. Depending on how market reacts to her speech we could see a test of the upper channel and either see a break or a touch and drop. I'm leaning towards the later.
RSI and stoch are lower
PA is flat
We are right at the upper level of the...
Its been very evident that even the strongest bears went positive since BREXIT on Precious Metals for intermittent rally or pullback from the supercycles as we call.
Everybody would agree that 1300-1310 would serve as strong demand area and resistance from previous tops especially March 2015 highs. The breach woud open the gate to 12XX and bear would take thier...
FOMC Lockhart was the 4th Fed this week to imo be relatively Hawkish with his words, most notably reinforcing with the others brexits near-term stability saying "Doesn't Expect 'Brexit' to Have Near Term Impact on Economy" and " So Far 'Brexit' Reaction Largely Orderly".
Most interestingly though was Lockharts view on the FOMC's positioning for future rate...
IMO FOMC George was largely bullish/ Hawkish $ on the margin; surprisingly coming out and stating for one of the first times that "Fed rates are too low" and "Not Raising Rates in June Was Due to Timing Issues" - these two statements imo hint that a hike coUuld be on the cards earlier than perhaps was expected (Dec), in-light of his opinion of them being too low...
AUDUSD Carved a higher low around .7680 which clouds our bias a little but we believe shorts are still valid against the Right Shoulder/Wedge Top/Head. We were trailed out at .7736 for 2 pips and will be looking to re-short soon.
Entered Long GBPAUD at 1.83295 (200-Hour Smoothed MA and also 23.6% of 1.72134-1.86828)
Fundamental:
With BoE minutes/ RBA Speech/ Australia CPI inflation coming out, volatility should ensue.
USD weakness has caused both GBP and AUD to be at elevated levels. Feels AUD more so after better than expected China GDP, IP, etc. numbers.
Technical:
AUDUSD has been in...
