Hello everyone, The strategy currently indicates a bullish trend on a 6-hour timeframe. Regarding the Backtest (1/1/2016 - Present, spanning 8 years): Profitability and Drawdown: The strategy exhibits a 64% success rate with a profit factor of 9.86, demonstrating robustness, as the profitable trades are, on average, nearly ten times larger than the losing...
USDCAD Analysis Canadian Dollar Weakness: The CAD is facing downward pressure against major currencies, primarily due to the decline in the crude oil market. This is a significant factor, as the Canadian economy is closely linked to oil prices. Impact of Economic Data: Upcoming Canadian data releases, such as the International Merchandise Trade Balance and...
Gold (XAU/USD) has been subject to a blend of economic indicators and policy projections. After dipping to a several-week low at $2,017, gold regained momentum, surpassing $2,030. This rebound was bolstered by a drop in the yield of the 10-year US Treasury bonds below 4%. As a result, XAU/USD successfully mitigated a substantial part of its daily losses. Various...
Looking to short price for 120 pts if candle closes ONLY below my zone under 2040.43. The candle has to close before i consider it as my first confirmation. My second sell Limit or executed market price trade will be at the upper end of my zone at 2043.62. I will only execute my second trade once price reverses before hitting my target area for 120 pts after new...
As a trader monitoring the recent movements of the USD/JPY currency pair, I've observed several key factors affecting its dynamics: Japanese Yen Weakness: The Yen has shown a consistent decline against the US Dollar, reaching a three-week low. This trend reflects reduced expectations for a hawkish policy shift by the Bank of Japan (BoJ) in January. The absence of...
Hello guys, I hope my analysis was useful for you. This is my overview of Matic, check it out if you like. Last week we expected more growth from the support zone, which invalidated our target areas with a strong bearish lag. Now the upward trend that came in the form of a channel is placed on a support area. I expect that with the breaking of this downward...
If you haven`t sold KBH before the previous earnings: Then analyzing the options chain and the chart patterns of KBH KB Home prior to the earnings report this week, I would consider purchasing the 65usd strike price in the money Puts with an expiration date of 2024-6-21, for a premium of approximately $7.60. If these options prove to be profitable prior to the...
The analysis gold price (XAU/USD) highlights several key factors influencing its market behavior. I will examine each element and assess its impact: Gold Price Movement: The gold price has increased, reaching a daily high above $2,060. This rise indicates strong investor interest, often triggered by economic uncertainty or the search for safe-haven...
www.tradingview.com RELIANCE: As per technical evaluation, it is near its 52W high price. However, if we could see historically, it was in a range of 2000 - 2600 for a long time now. We can see, it has made triple top as well as rising wedge, but do not forget, there is a cup being formed inside and we should not forget. A good time to enter in investment will...
Observing the price of West Texas Intermediate (WTI), I notice an upward trend, with the price having retested the bullish trendline after breaking through the $74 level. Now, I expect a slight pullback towards $71.50 before a significant rebound towards $79 per barrel. However, from a macroeconomic perspective, I've also detected growing concerns about the...
Analyzing the EUR/USD situation, we can observe a series of dynamic factors that have recently influenced its behavior. The EUR/USD's bullish move, having crossed 1.0950, was triggered by disappointing ISM Services PMI data after gathering liquidity below 1.09 following the NFP data. Currently, the pair maintains a defensive stance, trading in negative territory...
Analyzing the GBP/USD pair, I observe that the British Pound is under pressure, trading around 1.2670 against the US Dollar during Friday's European session. This movement is primarily driven by investors' growing focus on the US Nonfarm Payrolls data. While the UK manufacturing sector continues to face pressures, it's noteworthy that the services sector exceeded...
SMA break out + Positive Us News + bearish div on weekly . I'm expecting a positive NFP data so gold will keep his way to 2010$ - 2020$ zone
Big move in Bitcoin today. Some rumors (could be fake) that US regulators will not approve Bitcoin ETF. While the rumor remains, my bearish sentiment target is 40k
Gold OANDA:XAUUSD just breaks SMA and EMA lines on high timeframes , that means a big mouvement is coming . Scalpers be careful ! As It shown on weekly and monthly timeframes that the yellow metals breaks his highest resistance ever and retested those previous weeks . And for now he will be looking for a new high .
Hello traders! Target one: 2030.00 Target two: 2048.25 Be patient! Be careful! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻 GOLD LONG TERM 👇👇👇
Hello traders! The dollar index (DXY) in the 15m timeframe is in the (RISING WEDGE) pattern. Wait for the line break to confirm the scheme. The price retests the level of 101,750 and then the complete completion of the scheme begins. Rising to the level of 102.470. Be patient and wait for the breakout to enter the trade. Be careful! Don`t forget to look at the...
BTC next week can go around 46k-48k due to bullish div on weekly but surely certain that he will reject the area due to bearish div on high timeframes , hope that you liked my idea !