The overall market trend is bullish. technically, we're having a retracement to the weekly OB in order for price to keep souring higher. on the hourly timeframe, we're having minor retracement which is giving us a counter trend short opportunity.
XAU/USD 1H - This market looks to be currently putting in a corrective wave to the upside before a continuation lower on the higher timeframes, so with that being said we could look to go long. I have waited for price to trade us down and into a valid FVG, we are seeing price reject well from this zone up to now. I have set my SL below the 50% mark, this is...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
post trade analysis video: also analyzed/updated 2 other pairs, however, ECAD trade idea presented an opportunity first so i only took 1/3 setup's. went for a 1:3 RR, aiming for the 15 min demand trade hit TP ✅
📊 According to the buying pressure in the market, if the range of 27.45 units is broken upwards and the price stabilizes above it, the price may increase to the range of 27.70 units🎯, and in the case of the strength of the range of 28.30 units🎯🎯. 📊 Otherwise, the price may fall to the range of 26.90 units.
After the Federal Reserve slowed its balance sheet reduction and the labor market cooled more than expected, BTC led the token rebound. Compared with the dump that the token experienced in April, the price of BNB has always remained at a high level. This is related to Binance’s frequent Launchpad and Megadrop launches. The logical upper limit of BNB fundamentals...
After recovering large amounts of liquidity on April 19 at $4948, retraced in the OTE zone, we went back up, creating 2 nice CHoCHs. I really went back to buying at the CHoCH at $5173, which for me marks a real return to the upside. I'm very confident that a new ATH is imminent. 3 zones to look for before the ATH: ✅ 5219$ ✅ 5242$ ✅ 5265$ In my opinion, this...
Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 EURUSD is trading in a bearish trend on a daily. The price is falling steadily within a falling wedge pattern. With a recent correctional movement, the price reached the resistance of the range. A trend-following movement may initiate...
U.S. crude oil inventories are forecasted to grow by 1.2 million barrels for the week ending May 3, a decrease from the 7.3 million barrel surge reported in the prior week, according to strategists at Macquarie in a recent Monday briefing. The overall U.S. crude balance is projected to be considerably looser than previously expected. technically: The price...
new 1h demand created after removing opposing zone. trend is bullish. 1:3 imbalance created. should the market retrace to our entry we would enter
XAU/USD 5M - Well well well, our analysis has played out perfectly for us today, as you can see price is giving us the structure we predicted earlier on today. I want to see the last high to the left of the screenshot to break. This will give us higher timeframe confluence to suggest further bullishness in this market. A big well done to those of you who jumped...
Journing with gu so far. Another bull in place. Simple and smooth to the roof.
AUD/USD 4H - This is the last pair that is on my watchlist this week and another market I want to see price trade us higher from. I am expecting price to take us up in the market after trading us down and into an area of Demand. As we know by price trading us down and into an area like this we are seeing more demand being introduced, Supply being offloaded, this...
I saw break of structure on 4HR timeframe which aligns with daily time which is already on a short bias.
OANDA:XAUUSD price is still moving sideways. The market is bouncing between range boundaries. The bulls failed to push the price higher at the top of the range, which might be a sign that the market will move to the bottom of the range. The market, as you can see, is consolidating around 2300 because the price usually moves sideways at key levels, which is...
The dollar index fell below a significant intraday support level on a 4-hour chart but was unable to close below it. This support could potentially lead to a slight upward movement before a possible retracement. I anticipate a bullish correction for the pair, with a target of 105.34 / 105.56