gorkemaydogan

gorkemaydogan

Good Morning Traders, Before FOMC, while the expectations and guesses have been spoken to everywhere, Silver might form an inverse H&S targeting the area between 22-23. I'll share my long gameplay below; Entry point : 20.10 TP : 22-23 ( I'll look into the momentum and Fed decision while deciding my actual target. SL : 18.60 Since...

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Do you think is it good idea to evaluate Gold price movements with these data? I strongly believe one thing for sure which is obvious; there are so many dollars printed...

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Hello traders, Bitcoin clearly stuck in an ascending channel which indicates a short opportunity and it also formed a bearish Gartley pattern. I want to try a short setup with a 5.91 Risk/Reward ratio. Why not trying than watching. Let see. Remember to set a mindful stop loss level!!! Below I share my short setup, Entry : 47.300 Stop loss :...

gorkemaydogan

Hello Traders, There is an interesting correlation between Bitcoin and spread of US 2 year bond and US 10 years. Correlation looks affirmative from the early 2020 until now. Even on smaller time frames correlation can be observable. Wanted to share that, Stay safe!

gorkemaydogan

Hello all, INHO, there are fewer coins to invest. One of them is definitely MATIC. I have been following MATIC for a year now but honestly this chart seems weak to me. I will definitely be investing to this coin after it finds a solid support area. My ideal support areas can be seen as white boxes. When the price lowers through one dollar I will start to...

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Hello All, Bitcoin having hard time to follow commodities and energies because it is not consumable. Bitcoin is not an inflation hedge instrument. In an inflationary environment, people would like to hedge their wealth by investing gold. Gold became a safe haven for money and seems like a smart move to allocate a portion of gold in a portfolio in inflationary...

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Hello Traders, For the commodities, I generally look at price action starting from high time intervals to low. To follow energy commodities, WTI always comes first for me. My analysis about commodities is not only technical but also fundamental. After the lockdowns Oil demand indeed accelerated and that directly affected Oil price. In the mean time US...

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TGIF all, I wanted to share my opinions to the chart of DXY . I see DXY still successfully produces lower highs while finding supports on 9 months old (blue) trendline. In my opinion, DXY is still bullish above 94.60. We observed a correction lately on DXY from the 97.5 levels. Demand to dollar increased due to the expected rate hikes of Fed but the price...

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Good Afternoon Traders, WTI weekly chart seems to be forming the same price action between January 2018 and October 2018. RSI chart losing momentum while price getting new highs. Price should pass Oct 2021 highs to lose momentum and get in the range between $50-65. I decided to watch Crude oil and set up some alerts regarding its price action. I will...

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Hello Trader friends, With massive increasing price, Litecoin became one of the interesting coins in this bull run. This coin increased around 30% in between 24 hours and found itself a high around 274.6. Then price started a correction and a left shoulder and a head formed. I started to observe closely this price action and planned a strategy regarding...

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Hello Traders, USDJPY ready to retrace back for creating an opportunity to seek new highs before Bank of Japan's interest rate decision. 4H chart formed a H&S pattern and the target is 112-112.30 area. I am going to watch the triangle trendline to be broken down and open my position regarding to that. Trade safe and stay safe! Likes and comments are...

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Hello Traders, I hope you all are safe and good. I wanted to show an interesting negative correlation between Fed's Overnight Reverse Repurchase Agreements and Gold Price. You may also see a FRED GRAPH about that on below, fred.stlouisfed.org Question is ; Will there be much more weakness on Gold Price? I guess we'll see that soon. Share your ideas...

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USDCAD tests 1 year triangle to break-out and now it is ready to see new highs with hawkish Fed and strong dollar. Target is to reach 1.2700, 200 MA and we might see some profit realization at that level. I opened my position at 1.22 and added extra today at 1.23900 and going to watch closely and even add more position if we reach and stay at 1.24 at daily...

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Hello Traders, TGIF all! I observed a Wyckoff Accumulation Pattern on the weekly chart of GBPUSD and I wanted to share the event and phases of Wyckoff schematics. Wyckoff(1873-1934) was a pioneer in the technical analysis of the stock market. At the age of 15, he started his job as a stock runner for a brokerage in NY. He observed the studies of JP Morgan...

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Hello Traders TGIF, After having our profits shorting XAUUSD, Today low nonfarm payroll data showed US Economy is not ready to reach expected rebound. Gold seemed to finish its correction period and ready to gain momentum to reach my long term targets. Price should stay above 4H MA50 priced 1895 right now. I opened my long position at 1875 and my short term...

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Gold ready to start to correction to gain power at 1870-75 level with a H&S reversal pattern. I am still bullish in the long term but observe and update my strategy daily. I shorted Gold at 1904 and my target is between 1870-75.

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Hello Traders, Today, with the outperformed growth data, Turkish Lira gained around 1% made a successful retest to the breakout zone of formed ascending triangle. I expect that the currency will gain momentum to finalize the movement through the target of the continuation pattern. My target area for the currency is $8.95-$9.00. 8.95 is a nice level to take...

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Inflation is the term that indicates rising prices for goods and services in an economy, while rapid and out of control rising of prices indicates Hyperinflation . While following the rapid increase in prices of commodities and metals such as Lumber LBS1! and Iron Ore TIO1! , it is accurate to say that global economy is being driven to Hyperinflation due...