cpointfx

cpointfx

Price is in a strong sell off targeting the recently formed HTF swing low at 100.538 which is our 2023 low. This area has a lot of orders both buys and sells which will increase the volatility in the market. This drop is good news for US indices/Stock markets as money will be flowing out of the Dollar to Gold and stock market.

cpointfx

We are expecting price to rally to the our supply zone located ath the highs of our higher time frames, this is a high risk high reward trade as it is taking during the selling pressure found on the LFT's

cpointfx

we are taking longs based on the LTF's signaling the DXY weakness and keeping in mind the selling pressure that is present within the market. This is a counter trend trade and risk management must be used.

cpointfx

DXY monthly chart Price is within a consolidation phase, where price is seen to have failed to break above the 2023 swing high at 106.666 and started ranging for 3 months before the current drop towards our 2023 swing low at 101.582. This level is a key level as it will determine if we are going to experience a further drop in price and break the consolidation...

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GOLD 4HR We are within the daily supply zone which confluence with the inner 4hr/1hr supply zone and a key level LTF swing low at 2 459.28 which will be our confirmation area for selling opportunities targeting the HFT swing low at 2 364.86. The setup will be invalidated when price close above the all-time high at 2 483

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Us100 4HR We are in a down trend that in is the 2nd wave (correction/retracement) which has bridged the key technical level of price retest at 18 692.1, now have to look at how price act around this area taking note at the bullish momentum we are experiencing which is influenced by the massive drop the DXY took earlier on. The raise in DXY will result in the...

cpointfx

we are looking for price to move to the upside before any major drop in price from HTF setups this is taken on LTF setups .

cpointfx

Gold 4HR chart Price is in a uptrend with the following key price areas to look at swing high at 2 483 a break and close above this area will invalidate our HTF sell trades and swing low at 2 297 a break below this low will validate our HTF sell trades and must retail traders will join in the ride as it is a key support area they are looking at to take buys, this...

cpointfx

Ger30 Price formed an all-time high at 18 921. It must be noted that the swing responsible for this high has been bridged by price recently and formed a new swing low at 17 024. Now we focus on the price within this mentioned price range looking for selling opportunities targeting or new formed low. It have a supply zone at 18 584 which is to be used as our area...

cpointfx

Us30 Looking at selling opportunities upon the retest of the daily supply zone formed at 41 115, we are trading in our 2nd wave/retracement phase towards the mentioned supply zone. This zone has to be visited within 30 days and price must not close above it. Closing above this zone will invalidate our setup. We will be targeting the recently formed swing low at 38...

cpointfx

Us100 Price Is in a freefall from the recently formed swing high at 19 525.7 which is responsible for taking out x2 previous swing lows respectively at 18 612 and recently at 18 191.8 and it must be noted that price formed a recent swing low at 17 256.2 which failed to take out the April low at 17 047.1 which is expected to be bridged by price in the quest to...

cpointfx

Price is a downtrend which just returned/tested the HTF swing low at 102.230 which is responsible for the current HTF swing high at 106.528. We can see that this drop in price is extremely impulsive or a freefall in price towards our mentioned swing area (102.230). Our focus is set at the recently broken swing low at 103.658, this is a retail technical level where...

cpointfx

DXY daily chart Looking at current price from the newly formed swing low at 103.741 which is close to the old swing low at 104.100, we can tell that price made a false break below and reversed back into the descending channel which signals a price reversal to the up-side targeting the swing high at 106.100. We can see a inverse H&S pattern forming on LTF’s 4HR/1HR...

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we are loooking at a price rally upon a bullish reversal pattern at prices current position we are convinced price is bullish and this drop is just a stop hunt as we know US stock are bullish for the day.

cpointfx

waiting game we must note that the market has been bridged last weeks low and many are enticed to take sell trades as trade followers due to Fomo, i believe this move is a false move just to get orders into the market and prices will shot up in when the Us stock market opens

cpointfx

This is a early buy set up targeting the supply identified on the cahrt. we are trading against the late trend traders who are taking selling trades just after price broke above the swing high of the 1HR which is a signal that buying pressure is kicking the market and looking at the drop in the DXY from the current price as metioned in one of the ideas a few days...

cpointfx

looking at selling opportunities as price returns to the 1HR supply zone which confluences with the daily and 4HR supply zones. will this zone hold as we know price has to test this area within 30 days for this supply to work failure to test it with this time-line it will invalidate our set-up

cpointfx

We are noe all looking at an accelerated drop in price given at most retailer traders are looking after the break above our range this sell will be accelerated by all the orders going into the market in expectation for price to rally when in actual it will drop as the US indices opened strong bullish this morning and a rally is expected to take place in regards to...