XAUUSD possible forming a tripe zig zag (W)(X)(Y)(X)(Z)( Green ) in wave B ( Yellow circled ) instead of expanding diagonal from previous ideas. The latest CPI data probably "price in" for Just 1 rate cut by Sept 2024 from FED.
In this scenario I expect SEED_DONKEYDAN_MARKET_CAP:ORDI to compete waves B & C in a main zigzag wave that would bring the correction of the great bullish move SEED_DONKEYDAN_MARKET_CAP:ORDI had since Oct2023 to an end.
I expect after this correction ends a new all time high.
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did.
As previously mentioned, CHoCH was positioned at quite a distance away from current price, therefore, there...
Modern cryptans love to trade meme coins and there is nothing to be done about it)
If trading volumes are in the top 10, then we need to analyze the coin, today about SEED_DONKEYDAN_MARKET_CAP:FLOKI
Wave analysis suggests that there may be one more correctional wave down to $0.0001
But another memecoin CRYPTOCAP:PEPE with a similar pattern has updated its...
📊Analysis by AhmadArz:
🔍Entry: 0.743
🛑Stop Loss: 0.708
🎯Take Profit: 0.771 - 0.817 - 0.914 - 1.121
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Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Let's begin with our topic today!
The forex market, being decentralized and over-the-counter (OTC), operates differently from traditional centralized exchanges. To navigate it effectively, traders need to comprehend its unique structure.
Market structure refers to...
Wednesday’s US CPI report showed a moderation in price pressures in April, following months of persistence, with headline inflation easing to 3.4% y/y and core to 3.6% y/y. Along with the miss in retail sales, markets strengthened their pricing for two rate cuts this year by the Fed, staring in September.
The greenback fell as a result, sending EURUSD to the...
The price has reacted to the trend line. It is expected that if the market sees 1.267212, two scenarios are possible for it:
1- It breaks the area of suffering into a single candle and if it gives a chance to enter, we can catch it. it can be with news breaking
2- The price closes below the mentioned number and retest to area, and after that we can think about...
The market's correlation with EUR is evident, and FX:NZDUSD is currently testing a key resistance zone on the weekly timeframe. The momentum has stalled in this area, with candles displaying a contraction. This zone has been tested multiple times in the past, each time resulting in a lower price action. Given the market's overextended state, I expect a pullback...
GBPUSD extended the series of increasing prices, creating the strongest increasing day after yesterday. The D1 bar structure creates a bullish marubozu model reflecting good buying pressure. At this time, the price is located at an important resistance zone. An upside break from this price peak will help GBPUSD D1 establish an uptrend again.
GBPUSD H1 continues...
Following my previous long term trading plan and after we hit all the target, I am publishing a short-term plan. It is clear that trading CRYPTOCAP:PEPE from here will not be a straight line to the moon, so let's prepare to buy and sell when necessary.
Bear in mind that:
- CRYPTOCAP:PEPE is a new coin, making it difficult to chart due to its limited...
Since Yields are the Fundamentals Drivers of Currencies, currently looking at the yield differential between CHF and JPY. You can see that the 2-year and 10-year yield differentials are already falling heavily in favor of JPY, so you could see aggressive pricing in the pair.
The risk that i see is jpy interest is lower than chf and the volatility is very low...
Follow the trajectory.
Will be a money-maker!
This stock will Regain its Previous High. It is Forming a basing Pattern so many Successful stocks lay out before going on to Astounding heights.
(There is also a chance that they will beat estimates, due to easy comp's and expectations.)
![EURUSD: [EDU-Bite Sized Mini Series]Understanding Forex Market Structure](https://s3.tradingview.com/q/Qofz9WUh_mid.png "[EDU-Bite Sized Mini Series]Understanding Forex Market Structure")
