Hello Traders, Currently, we're observing a temporary retracement into a H1 bearish order block, which holds significance due to several key factors: Liquidity Void : The order block is preceded by an inefficiency in price movement, indicating a potential area where liquidity needs to be filled. Institutional Alignment : The order block coincides with an...
XAUUSD analysis: Gold has broken the descending trend-line that was connecting the bodies of the candles on the 4H this was (also acting as a resistance) line holding price. Another descending trend line has been issued this time wick to wick to see if we have a fighting chance on the 4H but if this one will not hold we might see price approach the next major...
Greetings Traders! Join me in today's video as we dive deep into the GBPUSD analysis, exploring what to expect in today's trading session. This analysis holds significance as it sets the tone for next week's trading as well. We've reached a critical juncture on the GBPUSD chart, so it's essential to understand what lies ahead. Stay tuned for valuable insights,...
The upper trendline seems to be holding price effectively. Price as reacted to that zone 6 times now. The pair is in a downtrend therefore look for an opportunity to sell. The target should be 1.06150 .
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Global gold demand growth is driven by increased over-the-counter market investment, continuous central bank purchasing, and heightened demand from Asian markets, especially China and India. This growth is reinforced by geopolitical tensions in the Middle East, leading to a preference for safe-haven...
Greetings Traders, As we enter this new week of trading, I anticipate a shift towards bearish institutional order flow. Following Friday's NFP news release, we saw a draw towards the final buy-side objective, namely the weekly bearish order block. This move appears to be a temporary shift, reinforcing our long-term bearish outlook. Currently, price action on the...
Gold remains stagnant, unable to breach the critical resistance at 2330. The market lacks momentum, prompting us to adjust our strategy promptly. We opt to enter the market directly with short orders around the 2320 mark. Despite three attempts, the k-line has failed to surpass the 2330 mark. Over the span of an hour, it remained subdued by the middle track of...
Hello traders, In today's video, I'll delve deep into the GBPUSD analysis, offering a thorough outlook for the upcoming trading week. With significant developments unfolding on both the DXY and GBPUSD charts, it's imperative to dissect the possibilities that lie ahead. Stay tuned for invaluable insights that can help guide your trading decisions. Don't hesitate...
Gold retraced back up to the 50% fib level OANDA:XAUUSD FOREXCOM:XAUUSD , started creating a consolidation now we will see further sell movement as gold is currently in a correction phase. This is only a trade idea, use proper risk management. Happy trading
#BTC/USDT ANALYSIS BTC has pumped from the support trendline of the descending channel and is currently encountering resistance at the trendline, coinciding with the MA 50 acting as a barrier. The MACD crossover indicates bullish momentum. A decisive breakout above the channel would confirm bullish move, whereas a rejection could signal continued movement...
Due to the high purchase made my RSI indicates a bearish trend loading up Sell now and made some profits
Gold's 1-hour moving average continues its downward trajectory, indicating a potential short position. Although there was a brief rebound, Gold quickly retracted after a momentary surge. Bulls are inactive, giving bears the upper hand in market control. If Gold crosses the 2281 mark once, it's poised to plummet further.
Trading Plan 1. Daily Bias - Bearish 2. Dealing Range - Price at discount 3. PD arrays - Doji followed by FVG (Sell side Inefficiency) at Supply (48500) 4. Liquidity - Both Sell side and buy side available. 5. Draw on Liquidity - Previous day Low Concept Applied : Power of Three - AMD A - Accumulation M - Manipulation D - Distribution As the daily bias is...
we would be looking to go SHORT once price clears the internal range liquidity...NOTE:We react to price action not predict. LIKE and SHARE your IDEA if otherwise
Looking for Gold (XAUUSD) to have a larger retracement prior to continuing bullish in the longterm. I am waiting for a retest of the resistance around the $2400 price. I will then be looking at the lower timeframes 4H, 1H, 30Mins for sell entries. First profit taking level will be at the $2185 level, where I will move my stop loss to breakeven. Full take...
✍️ NOVA hello everyone, Let's comment on gold price next week from 4/29 - 5/3/2024 🔥 World situation: Gold price falls as US inflation data exceeds expectations, dampening hopes of Fed rate cuts. Annual underlying inflation rises to 2.7% but slows from February's 2.8%. Monthly inflation in line with expectations. Positive for bond yields and USD. 🔥...
According to the price condition now it is facing a very strong resistance that forms a celling to it right now and it created a downtrend line with 2 waves and now we are about to create the third wave. If u used ur fib tool u will see that the price is near the 61% and 71% fib level that’s why i chose to put a sell limit order around 1.46750. I also chose 50...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold made some recovery on Wednesday after experiencing two consecutive negative sessions at the start of the week, as geopolitical risks subsided. Despite better-than-expected economic data from the United States (US), a strong US Dollar, and higher US Treasury yields, buyers of the precious metal took...