After weeks of sideways movement, EUR/USD finally made a move and broke out of the consolidation! Buyers are coming into play, BUT, don't let this sudden move trick you in to impulse trading! EUR/USD has been bearish for A LONG time... and just because the price is pulling back a little bit, it doesn't matter the main trend shifted! Atleast not yet! *BE SAFE...
Once the market shifts the second time (BOS upper line) this Gold buy idea will look good. RR 3.29 - too enticing to miss out on it and it is Gold at the end of the day.
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1H Long COIN reached an expected demand zone assumed from a previous minor low and shifted pitchfork momentum. Stop loss set below support. 4:1 upside ratio. Let's see how this plays out.
Price has shifted to the downtrend after Nonfarm's. I expect it to swipe the liquidity at the bottom. Entry: 1784.7 SL: 1789.3 TP: 1753.04
On a four-hour scale, the gold price is declining towards the lower portion of the Rising Channel, which is placed from July 21 low at $1,681.87. While the upper portion is plotted from July 22 high at $1,739.37. The precious metal has defended the 200-period Exponential Moving Average (EMA) at $1,765.80. Also, the bright metal is holding above the 50-EMA at...
AUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Despite a decent recovery from the start of the year, the AUD has struggled in the midst of underlying negative risk sentiment, China’s continued struggles with Covid breakouts, and more recently the big slump in key commodities (Iron Ore & Coal). China’s economy is always a key focus for the AUD. While all major...
REPORT: Uniswap facilitates the trading of tokens on the Ethereum network along with its scaling solutions such as Optimism, Arbitrum, and Polygon. The protocol is recognized as a pioneer among decentralized exchanges (DEXs), first for its popularization of the X*Y=K constant product pricing curve of pooled liquidity in V2 — and subsequently for its...
I found a lot of similarity's between this crash and the 2008 financial crisis stock market crash. Quick TA summary: 1. We have the same kind of downwards parallel channel 2. The chart of the 2022 crash so far fits pretty well into the 2008 crash, the chart of the 2008 crash fits pretty well into today's chart. Quick Fundamental summary: There are so many reasons...
EURJPY has just ended wave c count and we are now shifting into a new trend.. I expect a 12345 pattern from here and i will be entering long on wave 2 around the 61.8
GBP – Sterling fell on Thursday after the BoE raised interest rates by the most in 27 years as it seeks to tame inflation now seen peaking at more than 13% but also warned that a long recession is on its way. Summarising the meeting and GBP’s reaction, ING simply stated “The pound is falling despite a 50 by hike by the BoE. The reaction mostly boils down to the...
Ethereum's long-awaited merge is just around the corner, possibly the week of September 19th according to recent news. Hopefully the 21st of September for the Earth Wind and Fire memes. (da da ut da...and now it's stuck in my head) Shifting from Proof of Work to Proof of Stake will alter how the network nodes establish consensus. The new consensus layer of ETH...
ETH UCTS is shifting from bullish to bearish on shorter time frames, BUT it is still bullish on 1D+ timeframes When I zoom in, I believe that most people are waiting for an HH or LL as a trigger while the price keeps bouncing while not doing too much. For more ideas, please hit "Like" and "Follow"!
#ETH UCTS is shifting from bullish to bearish on shorter time frames, but it is still bullish on 1D+ timeframes When I zoom in, I believe that most people are waiting for an HH or LL as a trigger while the price keeps bouncing while not doing too much. must wait.
Gold traded in a range-bound yesterday. The price touched the low at 1754 early in the Asian session, and the climb continued until the price reached the day-high at 1772 at the US session opening. The day fluctuated in a USD 18 range, with the price slightly up by USD5. The overall structure in the 1-hour chart hasn't changed much as the uptrend channel is...
AUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Despite a decent recovery from the start of the year, the AUD has struggled in the midst of underlying negative risk sentiment, China’s continued struggles with Covid breakouts, and more recently the big slump in key commodities (Iron Ore & Coal). China’s economy is always a key focus for the AUD. While all major...
Gold price (XAU/USD) has shifted into a correction phase after a juggernaut rally from yearly lows near $1,680.00 on Tuesday. The precious metal has plunged to near $1,760.00 as investors preferred the US dollar index (DXY) a better investment option after the market sentiment turned sour. The visit of US House Speaker Nancy Pelosi to Taiwan to support their local...