Hey Everyone,
Please see our monthly chart update, which we have been tracking for a while now. This has been playing out perfectly allowing us to use the smaller timeframes to pick the entries and exits.
We can see our channel is still being respected with the bounce just short of the channel bottom for the push up heading towards the channel half-line. If we...
I present to you a possible scenario going into the weeks ahead .
Gold finished Friday 13 Oct very strong with a move that no doubt destroyed many whom were taken by surprise with the aggressive move out of 1880 back up to 1945 in one trading session .
The question is what's next? Well no one has the exact answer but here is a possible scenario which could be on...
Hey Everyone,
This is the Daily chart idea we shared last Sunday before market open for this current week. This idea played out perfectly alongside our 4H and 1H chart ideas.
Please review each stage of the analysis and conditions we highlighted below and how the market respected our analysis on each of these conditions, all the way upto todays update...
"XAUUSD: Celebrating back-to-back wins with over 340+ pips from our last two trades. This setup is the product of our recent victories!
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Hello Traders i found 2 Setups for possible reversal the first one is a Breaker, after a Liquidity sweap BSL the Second setup is above it where we found some IMB to be filled and a clear 4H Order block Unmitigated, so what you think 1 or 2 ?
Analysis:
Bullish Confluences
Recent breakout of longer term downwards trend
In an upwards trend
Retesting an area of significance
50% fib retracement level touched
Bullish pennant pattern formed & broken out of
The NZD is the 4th strongest major currency whereas the CAD is the 3rd weakest major currency
5K long position increase for the NZD
2K short...
The US dollar fell in early European trading on Thursday, hovering near a two-week low ahead of the release of key US inflation data.
At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.377, just above its lowest level in day, the weakest level in two weeks.
Minutes from the Fed's most recent meeting, released on Wednesday, indicated that most central bank policymakers agreed that another rate hike would be "appropriate" when Inflation continues to trend higher than target.
The minutes also pointed out the uncertainties surrounding the economy and the need to proceed carefully in assessing the impact to have...
Analysis:
Bearish Confluences
Recent downwards trend formed
Retesting an area of significance
Downwards trendline touch
Broadening descending channel formed
1K long position decrease for the CHF
6K short position increase for the CHF
1K long position increase for the JPY
Recent CHF news has been bearish
Bullish Confluences
The CHF is the 4th...
Hey Everyone,
A great week so far of riding this move up, all the way from the bottom support structure completing this chart idea. Price continued into the resistance structure today and just short of 1888 and then rejected at the resistance level for a correctional retracement drop.
Although this chart idea is now complete hitting all targets. We have a gap...
Analysis:
Bullish Confluences
In an upwards trend
Retesting an area of significance
In the fib retracement "golden zone"
Upwards trendline touch
Broadening ascending channel formed
5K long position increase for the NZD
2K short position decrease for the NZD
Bearish Confluences
The NZD is the 4th strongest major currency whereas the USD is the...
After finding support at the 20-day exponential moving average ($27,227) over the past two days, Bitcoin broke below this level on October 11. This shows that bears are trying to gain control .
The next support to note on the downside is the 50-day simple moving average ($26,615). If this level is broken, it will show that traders are rushing to exit. The BTC/USDT...
The conduct of an anti-subsidy investigation against steel manufacturers will be announced at a summit with the US on October 20. InternationalEU plans an anti-subsidy investigation to secure a steel agreement with My Phuong Nhi • October 11, 2023 19:19 The conduct of an anti-subsidy investigation with steel manufacturers will be announced at a summit peak with...
In this trading idea, we'll explore a potentially profitable strategy for buying gold by utilizing a combination of technical analysis tools. We'll focus on key factors such as critical support levels, Fibonacci retracement levels, order blocks, and trend reversals.
Support Levels: We'll closely monitor important support levels on the gold chart. These levels...
Hey Everyone,
Once again the power of our weighted Goldturn break and lock confirmed entry to exit with a precision HIT at 1876!! - BOOOOM
We were looking for a ema5 cross and lock above 1854 to open the range above. We got the cross and lock confirmation followed with both 1864 and 1876 completed before FOMC. 1864 cross further solidified the target today.
We...
Analysis:
Bearish Confluences
Strong downwards trend
Retesting an area of significance
50% fib retracement level touch
In a descending channel
1K long position increase for the USD
1K short position decrease for the USD
Recent USD news has been bullish
Bearish Confluences
N/A
Stay Safe - The JPI Team
Please feel free to leave any comments you...
Hello traders, this is a Gold analyse still bullish for the moment but the drop will be certain why as we can see our momemntum to the upside is slow compared to the drop that we had recently from the FOMC News event the Drop from 1947 compared to this is Just a Pullback so we may have to enter for a reversal on a better price action meaning on a Premium, it start...
