The chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
Stocks rose last week, but a more important signal may have come from the yield on the 10-year Treasury note. Today’s idea uses multiple time frames to consider whether borrowing costs have finally peaked. The first pattern on the daily chart is the gap lower on November 2. It was a key day when labor productivity improved much more than expected and labor costs...
During the previous period the market was trying to price its expectations of a less than three rate cuts during the course of this year, giving up on the Fed's announcement from the latest FOMC meeting. The meeting held on May 1st, showed that the market was right in its assumptions, considering that the emerging US inflation might put halt on rate cuts this...
EnF Breakout Strategy signaled a LONG on SOLUSDT See idea for breakout entry, targets and stoploss Only enter the trade when the price break down below entry Check out more on the script: To get access to this script, DM me
TAO is one of the hottest that we have in this new era. Ight back to the chart, based on the chart only we have 2 scenarios. The first scenario is the one if the TAO following the BTC price(as most of the coin), drawn by the green color . We will have 2 entry points based on the first scenario 415 and 400 . In the second scenario , the price holds at 439 ...
There have been a lot of macro developments during the previous week, including FOMC meeting and softer than expected US jobs data, which left the gold outside of the investors focus. However, those with a significant prior exposure took the chance to close positions and book some profits. In this sense, the price of gold was in a sort of reversal during the week....
Markets tried to stay on a positive side after the FOMC meeting, however, the April`s job report was the one that saved the market optimism during the previous week. Although the Fed noted that the first rate cut will occur when data clearly show that the inflation is on a clear road toward the 2.0% target, a much softer than expected jobs report was the one that...
OVERALL GAME PLAN * Currently in a SELL position on AUD/USD SHORT 0.10 ANALYSIS IN MY FAVOR * Currently at resistance level on the 4 hours * Overall trend is a downtrend ANALYSIS AGAINST ME * Might create a higher high and after that drop due to the short term being bullish
Hey traders! Here’s my current analysis on GBP/CHF, highlighting a bullish outlook based on Elliott Wave theory. We’ve observed a clear impulse formation up to point (3), followed by a corrective phase that appears to have ended at point (4). Looking at the potential upcoming movement, I’m targeting the following Fibonacci extension levels for taking profits: -...
Trading Plan for Monday, May 6th, 2024 Market Sentiment: Uncertain, with bulls seeking further confirmation after exceeding a major resistance level on Friday. Consolidation and complex, level-to-level price action are likely. Key Supports Immediate Supports: 5145-50 (major), 5136, 5116-13 (major) Major Supports: 5082-77 (major), 5067 (major), 5060...
Major event during the previous week was the FOMC Meeting, held on 1st May. Market was closely watching Fed Chair Powell's speech, considering recent emerging inflation. The main question for the market was when the Fed will make the first move to cut interest rates? The Fed`s rhetoric has not changed much. They acknowledged that the inflation is slowly taking the...
Hello traders! Today, I'm sharing my analysis on GBP/CAD, looking at a potential sell opportunity. We've recently seen the completion of a bullish sequence labeled (5), and now it appears we're entering a corrective phase. The market is currently retracing, and I've identified key Fibonacci levels that could potentially serve as targets for a short position: -...
The market is currently reacting to a major zone, we could possibly see a selling opportunity should the current level hold. Feel free to share your views.
BTC is moving back to the mainstream sensitivity, after the frenzy over the first ETF approval and BTC halving was over. It was clearly evident during the previous week, when the market nervousness regarding Fed's decision and view on economic developments was too high. Namely, increasing inflation in the US is putting in question whether the Fed will have a...
Hello traders! 👋 Taking a close look at the GBP/USD pair, I'm analyzing a potential sell opportunity based on the Elliott Wave theory. We've recently witnessed the completion of what appears to be an impulse wave sequence, marked as (5) on my chart. This wave has reached a high point and is now showing signs of a reversal. 🔄 Based on Fibonacci retracement...
Robinhood ( NASDAQ:HOOD ) Markets has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) citing alleged securities violations. The crypto unit of Robinhood Markets, Robinhood Crypto, received the notice on May 4. The SEC staff has made a preliminary determination to recommend an enforcement action against Robinhood Crypto, alleging...
OVERALL GAME PLAN I am going to sell the pair EUR/CAD ANALYSIS IN MY FAVOR * Currently at resistance level on the 4 hours and daily * Overall trend is bearish ANALYSIS AGAINST ME * Current short term trend is bullish
The chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.