Hey tradomaniacs, welcome to another free signal of Week 44 Nr. 3 Important: Wait for the retracement up to the entry and wait for a rejection before you sell. ----------------------------- Type: Day_Swingtrade Market Sell: 0,99467 Stop-Loss: 0,99580 Target 1: 0,99333 Target 2: 0,99178 Target 3: 0,99026 Stop-Loss: 11.3 pips Risk: ...
FX:USDZAR OVERVIEW - Price is sitting below the Kumo cloud and Tenkan-sen below Kijun-sen (bearish) - Chikou span has broken through kumo and we have a bearish twist of kumo = bearish bias on the pair - A falling wedge has developed with and oversold stochastic which could ignite a move to R15 level . (bullish) - We will be waiting for the FOMC rate...
As my last forecast has shown, gold has had quite a lovely run up in light of the rate cut delivered from Jay Powell Gold soared towards $1,600/ ounce and stopped just shy at $1,570/ ounce. With the September FOMC decision looming the question is what the yellow metal will do next? A rate cut is all but certain, with a 25bp cut baked in at this point, a 50bp cut...
=> What is in play here? => To put it simply we are tracking two scenarios... the market is currently trading against strong resistance and we need to get above this area to avoid it becoming a very large triangle. => If we look at the recovery since August, we can see that this move has been impulsive and increases the odds for the break to the topside. => The...
USDCAD Trading Bias: Short Technical Strategy: Harmonic Bat
Gold – XAU/USD – Trade Idea Today, the idea is to stay bearish below $1,220 to target $1,214/13 with a stop near $1,222. Good luck!
My idea to trade the FOMC today is as follows.. It's based on a system I was taught a long time a go by my mentor. I use it for NFP, and it works perfectly. It's called the Davinci system.. The trendlines you see are based on a rolling 20 bar high/low, and the false break reversal. Basically, when price breaks a trendline, and comes back to it and goes 10 pips...
Tomorrow is FOMC and Federal Funds Rate. Previous - 1.50% Forecast - 1.75% Tradeable Deviation - 0.25% If Actual - 1.50% weak dollar If Actual - 1.75% strong dollar EURUSD can move in 2H after news 70+ pips EURUSD 90%+ directional match following news direction FOREX TRADERS - DO YOU EVEN TRADE FOMC IF SO HOW DO YOU DO IT?
$ilver is trading inside of a symmetric triangle. These triangles are continuation patterns 75% of the time. The triangle should break higher or lower within the next couple of weeks. In addition, an inverse head and shoulders is also in play. My play on this move is TAHO, BCEKF, FSM and HL. LOCKED AND LOADED BABY. FOMC day is next Wednesday at 2:00pm ET. This...
Blue vertical lines are a day before FOMC interest rate raises. Seem to be stuck under the .382 of the fib channel, which could signal more downside. RSI in the middle but pointing down. TSI under zero which signals to stay short. I am short looking towards the 1300-1295 area to enter a long position before we go up after FOMC announcement (based off of past...
Get your trade ready and start your engines money
Hello Traders, The market is in a range with price action lacking a firm direction and clearly waiting for a fundamental factor to drive it in either direction. The FOMC meeting tomorrow will be such a driver and we have two outcomes below along with our rationale. Outcome 1 - Rate Hike and Bullish Press Conference - 65% Likelihood: We favour a bullish statement...
Im long on EURUSD. Check the chart for details on the trade setup. SL @ 1.0589
A break of the counter trend line that has formed on AUD/USD could lead to a downside continuation to make new lows. The move also has the possibility to offer a decent risk reward as well. Targets would be 0.71571 and then on to 0.69609 . Could this be a look into the future for this market ahead of the FOMC tomorrow? Only time will tell.
Australia dollar is starting to retrace its gains after flirting with 0.750 resistance. A bearish close today below 0.745 could see the declines extending back to the price zone of 0.73 - 0.725. Establishing support here could pave way for a new leg in the rally back to 0.745 and eventually to 0.76.