1h
EURUSD - 1H - SCALPING/DIVERGENCE/RETRACEMENT - LONG
Analysis:
As per our previous analysis of EURUSD above, it hit both TP.
Now looking at the market, it's very hard to predict direction.
But for scalpers, we will advise looking for consolidation and divergence then only take Retracement long.
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The MorningStar Forex
BTC/USDTBitcoin expectedly approached $ 38,000, now a flat is expected until the end of the day, then the decline is likely to resume. A decrease to $ 36,000 is allowed, lower is unlikely. A decrease is signaled by the Power Balance indicator. Consolidation is observed on the daily timeframe, Bitcoin can stay in this state for quite a long time, the Taproot update will take place in November, most likely, the explosive growth of the coin will begin in September. However, other factors can be positively influenced during the summer.
Bitcoin fell along with the stock market after the Fed's statement.
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XAUUSD - 1H - RETRACEMENT ENTRY - SHORTAnalysis:
Gold made a massive downside move as we expected earlier,
Now we'll monitor the situation for a perfect trading setup.
There are two possibilities as per below. Please look out for setup.
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Best Regards,
The MorningStar Forex
XAUUSD - 1H - SCALPING/SWING - SHORTAnalysis:
Yesterday Gold made a huge downside movement with 23% retraction, That was a nice entry point for the Short position.
According to the current situation, the price has already broken the support level and tested as resistance twice.
Entry Point for Short Trade: Currently ideal time for entry
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The MorningStar Forex
Gold AnalysisAs you see there is a support at $1874. So we can say there will be two scenarios: if the price trend breaks the support line,the price will decrease to around $1855 ,in contrast , the price will rise up to around $1922. Be cautious! These are only my predictions and everything is possible!
AUDUSD - 1H - Head'N'Shoulder- SHORTAUDUSD is forming up into Head 'N' Shoulder setup. Also looking at USD pairs, we can figure out strong upside movement in USD major pairs. Considering these two scenarios we can conclude there are high chances AUDUSD will be a good option for a short position.
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AUDUSD - 1H - SCALPING/DIVERGENCE - SHORTAUDUSD likely to fall to the next support level. As 1H timeframe has divergence also consolidation is also formed. I will be looking forward to taking good short scalp trade after proper confirmation.
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BZRX/USDT - LONGAfter destroying previous resistance, and after returning to the main bullish trend and waiting for the end of the correction, the currency is expected to rise to greater levels.
Exit and stop loss points were divided as shown on the chart, trade safely and slowly
NAS100 LONG / BUY LIMIT 13865Nas100 has tested the 14k price again and seems to be retesting. I’ve marked the zone it plans to retest and then potentially progress toward breaking the previous top/resistance toward 14200 area.
I initially thought we would see a clear inverse HNS, but we seemed to have ‘double bottomed’ before making our way up to the breaking point and beyond.
I hope this view helps with your decision on entry. I will be executing a long position in the 13865 area, to TP in the the 14200 zone.
Good luck.