GBPUSD H4 - Short SignalGBPUSD H4
Now this is effectively what we are looking for on a lower timeframe front. Our higher timeframe has seen a daily confirmation, H4 timeframe would be great to see a structure break and retest to confirm a break of this H4 bull trend.
Therefore, like mentioned before, leaving the D1 bear trend to take precendence
FOMC
GBPUSD D1 - Short Setup, Dollar BullsGBPUSD D1
As per the above video analysis, 1.22 support breach, followed by a retest of the underside of 1.22 (acting as res). Strong confluence stack like we have been discussing over the last couple of days.
Really want to see price pull down south of 1.21500 to break the trend officially. And therefore see this D1 bear pull see another wave.
Bitcoin Set to Hit 17k - August 2022Hi Bitcoin Lovers,
What are my reasons for using such a bogus title?
1. Bearish forces have aligned and confirmed on D1 TF which will first of all drive price to 21224 level, retest 22735 zone and drive through 20777, 18934 and possibly 17125 area.
Strategy Applied: Bearish Force
2. Exception:- If we fail to hit 20777 level, price should shoot up to 28541 / 32000 zone within the month.
Strategy Applied: Wick Fill
Let me know what you think in the comment section.
Join me today during live GER30/EURUSD trading session here on TradingView (13:00 GST) and ask me your questions on my trading strategies.
See you!!!
Yours,
Kings
XAUUSD Long We saw XAUUSD making a New low at 1781. We also saw price rebound from 1785 then afterwards 1781. Price make a breakout of downward channel on announcement of interest rates hike from ECB. I think intent is very clear.
Now Gold is betting on the FOMC interest rates announcement on 26-27 July. I believes all the odds are priced in. We may see price increase after the FOMC. 75 BPS priced in and more likely. 100 BPs to me is unlikely as recession sounds looming in. Price will go up on 75 BPS announcement.
Chart says everything. I believe strategy should be buying on dips with good money management.
Good luck and Regards,
Share your comments on the idea and what are the odds do share.
What the Recession and FOMC Mean for StocksStocks have broken out as we identified yesterday. The fact that stocks and bonds have both caught a bid gives us insight as to how the markets are interpreting the FOMC rate hike and the GDP numbers yesterday. As we all know, GDP numbers came in negative, the second negative reading, which puts us formally in a recession by definition. Furthermore, the Fed only raised rates by 75bps (some sources were predicting 100bps). This suggests that they will likely pivot to a more dovish stance, and be forced to lower rates, or take a more accommodating stance to fight the recession, meaning that stocks are clear to rally. There is still a lot of open interest with puts in the 4000's, but when cash heavy investors start to unwind we could easily punch through. The S&P 500 broke out, clearing 4009 with ease, and hitting 4068, our next target. We broke through that and are making a run for 4122, hovering just below that. If we see more momentum come through then we will likely test 4178 or 4188, we will likely face resistance there, but will have reestablished the value area between 4068 and 4188 from June. If we retrace, watch for support at 4009, a relative high and technical level.
Bonds Break OutBonds have lifted, breaking out of the narrow range held for the past three days. We broke the upper bound at 120'14, and hit our next target exactly at 121'00, as predicted. We are seeing red triangles on the KRI suggesting that we are facing resistance here. The Kovach OBV has picked up, suggesting genuine momentum may be back. If so, the next target is 121'28. If we retrace, we should have strong support from 120'14 and 119'23.
⚡️ #BTCLIVE - 29.07 ⚡️⚡️ #BTCLIVE - 29.07
60:40
Bearish:Bullish
I promise I am not a bear!!! The price smashed through the last point I was expecting a retracement. Amazingly it looks like BTC is finally doing what it was born to do and be a store of value and a safe haven during torrid times like these!!!
We are coming up no to the key resistance of the longer term range and it is definitely the business end of the deal. I feel going into the weekend with alot of bearish TA on the cards will likely result in a retracement of pretty epic proportions.
I am usually pretty bearish on weekends simply due to lower volume and generally more retail heavy traders being active. A lot of folks might be getting a little nervous too now they have made some nice and unexpected gains this week so might be happy to take the profit and chill for a bit.
We are looking at a big bearish divergence on the 1 hour which is overbought too along with an exhaustion signal. The POC line is sitting very low along with the Future Pivot which carries more weight as the week nears the close. Orderbooks are looking a little bearish too.
I am thinking that we will be seeing $22.9k in the pretty short-term with a more max pain target of $21k and possibly lower.
There is a bullish scenario, there is ALWAYS a bullish scenario - but if we break $24.8k or more reliably $25k then it is likely we will see the tracking up to the CME gap at $27k+
Volatility is not over I feel so stay safe!
BTC: EXPECTING A HEALTHY PULLBACK FROM HERE BEFORE NEXT LEG UP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC is pumping hard after the fed announcement of 75bps hike rate.
After the news BTC breaks out from the descending channel and currently trading above $23k level. Now I'm expecting a retest from here which is much needed for a healthy upside movement. I'm expecting the price came back to $22k level and after that we see a good upside movement.
If it continuously pumping without any retracement then this pump is definitely wrong and we dump hard on weekend.
Let's see how this goes in the next few hours.
What do you think about this?
Do you also think that we see a pullback from here or do you think that it will continue pumping?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
NAS100 Daily Outlook | July 28Hi All,
After FOMC news drive yesterday, WHAT ELSE?
Here are my thoughts;
1. There is a lot of noise to the left hand side so am capping my profit target for buys from 12565 to 12667 zones.
2. Buying mostly today is also confirmed by my WICK FILL play (join my live session to access my 90% winrate playbook) but traders must not expect price to move aggressively to 12900 rather focus on the closest resistance level
3. There are chances that price can drop up until 12303/12174 levels in near term and this is because;
a. We have a strong support level around 12303
b. Previous day's bar does not have a bottom wick hence has the tendency to draw price back to itself.
Let me know what you think about my analysis in the comment session.
To learn more about my favorite setups and how to perfectly harness pips using them, join my live streaming today.
Daily Live Trading session at 8:45AM EST/ 4:45PM GST
Pairs: EURUSD / NAS100 / GER30
-Kings.
Bitcoin - Recovering QUICK!What a speedy recover to the range high and smashing back up in a matter of hours. FOMC news reaction? Last time we had a FOMC pump it broke down the following few days, let the chart speak for itself and play the levels rather than the news.
Buyers are at least starting to put up a fight, love to see it. Would need to see us break through 23k and hold there for continuation up to next resistances, currently (as nice as this candle is) just retesting our current resistance still imo.
Stay frosty.
V
BTCUSDTAccording to the previous analysis, Bitcoin is pulling back to the midline of the ascending channel in the range of 21500 to 21700 after breaking its main support areas, and on the other hand, it is facing the middle resistances of the fork and the 1-hour trend line, and since it has been able to more than from 50% of the previous rising wave, it is more likely to continue the downward trend to the bottom of the channel around the psychological range of 20000, which is symmetrical with the main middle line of the fork, but considering the return from the 0.618 Fibonacci level, if it crosses the 21700 resistance range Its main level is 23,000, and upon its failure, the confirmation of the start of the upward rally up to the range of 28,400 is issued.
Today, the main economic data is the announcement of the interest rate increase for the fifth time in 2022, which increases or decreases the rate 8 times a year.
According to most experts, this rate increase will be 0.75% and will bring the interest rate to 2.5%, and as it is clear in the interest rate graph, 2.5 is the interest rate ceiling in 2019, but if the Federal Reserve Like the European Union, there is a surprise on the way and it increases the interest rate by 1%, this resistance has been broken and it can grow up to the previous ceiling of 5% that happened in 2006-2007 (that is, technically at this level? 😁)
On the other hand, yesterday's economic data, which was the index of consumer confidence and the sale of newly built houses, was significantly lower than the previous period and the expectations of experts (it should be noted that Mr. Biden, who these days has improved the good behavior of the locksmith 😜), it was announced that this data shows a decrease There is a strong demand in the market, and this can be the factor influencing the further increase of the interest rate by the Federal Reserve, because the main determining factors in the American economy are data, not leadership and oversight, and the Federal Reserve and the government operate independently.
With these words, in general, it is more likely that the market will continue to fall, although we are in the most difficult market conditions and new data can affect the market conditions at any moment.
Daily analysis and trade setups on NASDAQ 20220727Very Happy Volatility Day & Very Happy FOMC Day
We are likely to see 700 to 800 points move today
Scenario 1 : FOMC News Bearish Reaction
- Initial bounce to 12430 or even 12600
- After initial bounce, break of 12170 will lead to 11900
- Selling begets selling could lead to 11500
Scenario 2 : FOMC News Bullish Reaction
- Initial drop to 12060 extending to 11930 or even 11870
- After initial drop, rip to the upside all the way to 13000
- Buying frenzy can push it all the way to 13400 before retreating to ~13000
Scenario 3 : I am proven one of the greatest FURU
- I am a FURU
- I am a FURU
- I am a FURU
Chart with Blue B, C, D, E levels >>>
Chart with Green Goblins >>>
Chart with confluence levels >>>
Stocks Range Ahead of FOMCThe S&P 500 is ranging near relative highs. We broke out into the 4000's, but fell short of 4009. Several red triangles on the KRI are confirming strong resistance at these higher levels. We have some support from 3909, and a break down could take us back to the mid 3800's, likely 3848 or so. A rally could test 4009 again. We expect the S&P to respect this range, and don't expect too much action from the FOMC today, as the markets have largely priced in a 75bps hike to combat inflation with a small probability of a 100bps rate hike, the largest hike since 1989 .
SPY Rejection: FOMC in the next hourDespite being positive on the day, we saw earlier price get rejected on the upper resistance trend line of our longer term downward channel. The gap up today was interesting, but I am curious to see how this plays out following the Fed decision. Since we have been declining from ATH's, this upper resistance trend line has shown multiple instances of rapid downward movement because of the trendlines significance. Fed decision may fill the gap up we created this morning.
See related links to see the fuller picture and downward channel on a daily time frame.
XAUUSD - KOG REPORT - FOMC!KOG Report FOMC:
This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price.
Gold is at a crucial price point at the moment just before a big federal statement release. After the move we’ve had to the downside, we would expect Gold to want to attempt some form of recovery, to at least the 1800 price region. However, as you can see, the institutional selling isn’t giving bulls an opportunity to cover any positions that are being held above. We witnessed a bullish weekly candle last week, but it’s still weak and lacks volume. It was a failed attempt to recover, which entails caution for this FOMC and the days ahead until the end of the month. We published a KOG Report last week showing the liquidity pool sitting below around the 1650-65 price zone; this is a potential target to swoop the lows before an attempt to test the voids above. For this reason, we will look at the extreme levels for FOMC and the days ahead, not being concerned about the immediate range and levels.
We already know the 1750 psychological level is going to try and be defended and have indications of a push up in price if that 1720 -16 level holds as support. We want to see if bears defend it by coming in and taking this down into the liquidity region breaking the yearly low! We can see MA’s grouped together on the hourly and now on the 4 hourly timeframes. We have a huge gap to the mean above on the daily, that either needs to be visited or the ranging price action will bring it down lower. We’re still in bearish mode here expecting a swing to the upside before then a break of this low to continue downwards so let’s set the scene for the potential move to come. As always, we’ll trade this with two scenarios in mind using the 4H extreme levels as a guide.
Scenario 1:
They push the price up towards 1750 or potentially slightly above or below, we see resistance there and a clear rejection in price. This is the first level we feel that will represent an opportunity to short the market down into the 1720, 1710, 1695 and below that 1675 levels. These levels below 1675, especially that 1665-40 region is where we want to see exhaustion in price to then look to take this back up towards the 1750 price point as the first target.
Scenario 2:
They push the price down into the lower support levels of 1690-80, this is where we want to see the first level of support, based on strong support we feel this level would represent an opportunity to then long the market back up towards the 1720, 1735 and above that 1750 price points. As we said above, there is a huge chance they will try to break that level to the downside so expect a swoop into that liquidity pool below. The ideal long is more likely going to be from there and that’s our preferred region at the moment.
Because it is FOMC we’re focusing on the extreme levels, we’re not interested in trying to capture quick pips in a volatile market against the volume driven candles. If the plan works out it works out, if it doesn’t, we’re happy to sit tight and let Excalibur guide us intra-day through the markets.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
🔥 Bitcoin & FOMC Interest Rate Decision: What To Watch ForLike most of you know, in a couple of hours the US Federal Reserve will share with the world how much they will increase the interest rates. Remember that lower interest rates = bullish for the markets.
At the moment, there's a 75% expectation that the hike will be 0.75% and a 25% expectation that the hike will be 1%. Naturally, if the FED will increase with 1% we can expect a massive down move. The extremely bearish reaction target for a 1% hike would be $18k.
However, if the FED will only increase by 0.75% we can expect a slightly bullish move. This might be the starting signal for a move all the way back to the top of the channel, think $24k or so.
Obviously, the percentage of the hike will be important. However, what most market participants are watching will be the FED meeting where J. Powell will talk about the outlook of the markets and the interest rate hikes for the coming months. This is where the real direction of the markets will be decided.
My advice would be to wait for what the market will do. Ideally wait until tomorrow, because tonight's initial direction can be a fake out, like a couple of meetings ago.
US INTERESET RATE! FOMC STATEMENTHello guys!
Let's talk about the US interest rate news that will be published tonight.
I am not a good fundamentalist but I am a good chartist instead. That's why I put the US interest rate chart in the picture above. The above photo is the most data that has been published about interest rates so far. I see that around 1980 the interest rate went up to 20%. This figure is really strange for the American economy, isn't it?
And for the economic crisis of 2008, raising it to 5%.
The chart below is for the last 20 years. And the photo on the right is the analysts' forecast for the interest rate, that is, they predict that today the US interest rate will reach 2.5% and after that it will reach up to 3.5%.
But if we look at the interest rate chart alone, it is reaching its downward trend line and I see a resistance in the lower time.
Which do you think we should be assured? Chart or fundamental analysts?
XAUUSD 4H TA : 07.27.22 (Update)Updating the last analysis : By maintaining the Support of the $1713 to $1718 range, we can expect growth up to $1752 ! If this support is lost, we can expect a drop to the range of $1,694 to $1,700! Be prepared for both scenarios! In the previous 2 analyzes, we were able to obtain more than 250 pips !
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.27.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
⚡️ #BTC OUTLOOK - 27.07 ⚡️⚡️ #BTC OUTLOOK - 27.07 ⚡️
Showing strength at the bottom of the channel as expected to drive up to approx. $22k region likely with in next 24 hours prior to the FOMC announcement where expecting a natural FUD sell off along with the big sell walls sat at $22k.
Bull Play:
Long to $21.9k - re enter at $20k region
Bear Play
Short at $22k region to $20k region - pre set sells as it could be a flash dump
Today BTC fate will be decided..Market has slowed down as everyone holds their breath before FOMC.
We can expect range before the meeting today at evening.
How BTC price usually behaves before FOMC?
Usually BTC is going the opposite direction of FOMC a couple days before the meeting to give more room for the market for fall/rise. Last couple days BTC was falling.
What to do during FOMC? meeting
Open DOM and track orders. Last time BTC did false breakout up and then fall down. Formation looked similar.
Be on lookout for big sizes as they move the market.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones