As we said before we can expect a short-term fall here to the 50000$ support and then more pump is expected at least to the targets like 83000$ and 90000$. also market is bullish and we may have no correction and this pump can continue to the targets mentioned. DISCLAIMER: ((trade based on your own decision)) <
There is a chance that dxy might move higher after better than expected non farm payroll data which might lead to delay US interest rate cut. Good luck!
Hi traders, EURUSD might move lower after better than expected NFP data which might lead to delay interest rate from FED.
Data came in broadly higher than expected for the March US CPI inflation print. Higher-Than-Expected Reports on Three of the Four Major Prints Year-on-year headline CPI inflation for March rose +3.5%, up from +3.2% in February and a touch higher than economists’ estimates of +3.4%. Of note, this follows a rise of +3.4% in December 2023, a rise of +3.1% in...
Love what i'm seeing here on Morgan Stanley pre=earnings next Tuesday. I want to see us continue to build liquidity in this very controlled orange selling channel where we can then find yellow to activate and bring us further up for a breakout of orange and beyond. My price target for the next few weeks is in the $99-104 range, earnings dependent. Obviously, as...
Trend Prediction - XAUUSD Forecasting - Resistance and Support Lines --- It seems that the cup and handle pattern is forming --- **** Yousef Sharafi ****
BTC is presenting some Wedge pattern were we can expect some correction ahead. Be patience on allocation.
This is what we should see going forward if we want to continue with a healthy move up to retest orange tapered selling and beyond. Happy Trading :) - TraderDaddyOG
Trading Plan for Wednesday, April 9th, 2024 Market Sentiment: Volatile and uncertain. CPI came in hotter than expected, increasing the likelihood of continued aggressive actions by the Federal Reserve. CPI Data and Impact: CPI rose 0.4% for the month, resulting in a 12-month inflation rate of 3.5%, surpassing expectations. Core CPI also accelerated 0.4%...
When I put out a video of this last week, the main reasoning was our sell-side tapering and clear liquidity building within our tapered orange selling channel. We are now well on our way toward a HTF breakout and have a fully bullish outlook. Happy for all who joined me on this move! Happy Trading :) - TraderDaddyOG
It has been a while ride on PDD this past month! Don't take your eyes off the grand prize - a breakout of our larger time frame magenta selling channel. In order to do that, we needed to build liquidity in our controlled selling channels. We have activated a stronger buying continuation channel but will need some time to prove its' control. Be patient on this...
We've been eyeing this breakout since we started to prove sell-side tapering from our strong selling algo to our more tapered teal. Since then, we've seen healthy movement and if we're looking back to a year ago, we can see a similar pattern that formed prior to a larger breakout. So here I am going to allow us to come back and retest white if that's what price...
The GBP/USD pair is currently engaging traders with a test of resistance, as the markets await today's U.S. CPI data with bated breath. Technical analysis: GBP/USD has been making a play towards the upside following its ascending trendline, etched out by the black support line. We’ve seen a bit of a tussle around the 1.27 area, which is acting as a minor...
Looking for the DXY to complete/continue this current "M" shaped trading pattern. Nice double top.
OCEAN broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 0.85 is possible.
Assessing the GBP/JPY pair's current trajectory, we’re observing a notable rally that’s pushing against the resistance level at 193.490. This recent bullish momentum is significant as it approaches this key technical threshold. The pair is gaining traction after a firm rebound from the ascending trendline, which has been a reliable support base in previous...
The 30-minute moving average of gold has begun to turn, and the strength of the rise has begun to be insufficient. In the past two days, gold has no longer been unilaterally strong. It has begun to no longer hit new highs repeatedly. Instead, it has rebounded and risen twice and no longer hit new highs. The rebound highs of gold have successively lowered. , if...