GBPCAD: Although limiting wage increases should, in theory, help the Bank of England (BoE) tame inflation, such a decision could pave the way for union strikes and put the UK economy in a tougher spot than it already is. Meanwhile, the uncertainty surrounding this issue is likely to cause investors to stay away from Pound Sterling.
GBPJPY: On the Japanese Yen...
Hey Traders! 👋
For Day 32/100 of our challenge, we will take a jab at USD and where it could head to next week
Technicals:
- Last week has been aggressively bearish
- We're now at potential support at 102.2
- Also the 62% fib retracement from swing high
> Can possibly see USD gain some strength on rebound at these levels
> Or at 101 support
BUT: Invalidation...
Recap
Over the past few weeks, a pattern has emerged where Thursdays and Fridays see a violent squeeze, followed by a "hangover" state in the first few days of the next week. Both last week and this week so far have followed this pattern. We are currently in the sub-4200 congestion zone after yesterday's dip, having retraced about 60% of last week's rally.
The...
Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️
The technical indicators are signaling a potential increase in risk and a decline in earnings, which may worry those who are bullish on the...
Long position trapped after false breakout now if stock breaks 1272 than stock might face a minor support near 1263 after that a target of 1245 can be seen but if stock breaks the range above 1288 than short target of 1306 can achieved
Hello, sorry I wont be making the live stream this week, but I will quickly go over what I see for the week ahead.
At the end I also address some of the questions, inquiries I receive during these few weeks.
Thank you
hello, currently GJ hit a price reversal number structure fib and am hoping for it to push down for a minor structure sell, but that will happen if the major and minor trendline are broken this is minor structure sell mainly for scalpers, only enter if your confluences are aligning accordingly.
JESUS LOVES YOU
Hello, sorry I didn't make it to the live stream today, but I will quickly go over what I see for the week ahead.
Hopefully I will make it for the Wednesday Live Stream Market Updates.
Thank you
Hello, currently price is at high end point of structure and reversal area this means price could easily, move back down but wait to enter until a break and retest then carry it towards 160.778 and 160.680 around that area small good structure selll.
JESUS LOVES YOU
Hello, currently for Gj i still see a downtrend spiral on the weekly, some imbalance and some wicks need to be filled. plus our fib levels are well aligned. share your thoughts
JESUS, loves you all blessed trading week
NASDAQ:AAPL
Based on the current trends and information available, it appears that AAPL is in a corrective x wave uptrend. While there is always the possibility of unexpected changes in the market, the chances of this being the case are higher at the moment.
Looking ahead, it is expected that there will be a last z wave correction before the flat 2022 - 2023...
In this multi-time frame analysis, I go over the bullish outlook and forecast on GBPCAD.
I outlined the 2 possible scenarios of the price to wait for in order to confirm the next bullish up move.
Remember to clearly understand what forecasting is for to give you a better entry rather than blindly enter without any price action confirmations.
Higher time frame:
Possible top occurring on the Aussie SPI. Currently following a roadmap from last year.
Turns early in the month are also common, especially the 3rd of the month.
Possible top occurring on the Aussie SPI. It's currently following two previous roadmaps from last year.
Turns early in the month are also common, especially the 3rd of the month.
