Yemi_Fx1 | Bullish Setup on GBPAUD Happy New Month Friends and it's a beginning of another week for we all.
TODAY'S Forecast on OANDA:GBPAUD
Last week we experience a progression of price in the favor of the bulls which is as a result of the technicality(The nature of the market). The pair has been printing the impulse correction nature. Currently price is in the correction phase to make another momentum move to the upside.
So my view on this is still bullish.
Will be waiting for the validation of the area of value.
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Forcast
Yemi_Fx1 | Short term Sell 📉 on GBPAUDThe overall bullish structure of the pair is bullish as we can see the bullish flag pattern on 4HTF with a preceding high momentum (impulsive) move.
In between this 4HTF pattern there's a formation of a double Top.
And currently price is moving with a momentum. I'm anticipating that price will go into a correction phase (information of a continuation pattern). Therefore we see a short-term sell on this before the major move.
BITCOIN ANALYZE 1D📍According to Elliott Wave Theory: It has completed a full bullish cycle and is currently undergoing a corrective phase in the form of a 3-wave abc pattern. Currently, Wave a has been established and Wave b is in formation. In my opinion, this could potentially mark the end of Wave b and the beginning of Wave c (Wave c in Elliott Wave Theory can be the sharpest wave). We might anticipate a significant downward movement for Bitcoin.
📍My initial target is $14,000.
"USDCHF Bearish Outlook: Setting Sight on Target 0.83542"" Anticipating a bearish trend in USDCHF , with a target set at 0.83542 and a risk level at 0.84313. The bearish sentiment is grounded in the analysis of the previous low at 0.83435, which serves as a key indicator, suggesting a potential revisit to that level in the near future ."
Gold price forecast in weekly timeAccording to the majority, there is no certainty in the financial markets
But with the style that I analyze, the prediction of some movements is certain.
Definitely, the price level of 2000 dollars in gold is a fake price area, and due to the huge liquidity of sellers' stops behind this area, we will witness a hunt in this area, and this recent fall of gold is only for misleading.
There is a huge scam going on in this rare metal finder that I will explain more in the future...
Gone are the days of passive investing, but...Gone are the days of passive investing, but mid-term trading could be the solution.
The term passive investing was first made famous by Warren Buffet, who once said, 'If I like a stock, I will hold it forever.' However, in recent years, he has been seen cutting losses on his wrong decisions and taking profits when he finds the time is right. The dynamic of the markets have changed, and he has adapted to them.
Technical Reasons -
From the chart, it's clear that the days of passive investing are behind us. We can refer to the Dow Jones or S&P Index; they provide similar readings as Nasdaq, although Nasdaq has a shorter history.
Since the beginning of 2022, the great volatility started with a year of bearishness. In my opinion, this could be a start of a long-term bear. What we are seeing in 2023 rally, possibly a bear retracement.
Let’s support my analysis with the fundamental factors.
3 Fundamental Reasons –
• Why did the decades of long-term growth, forming a linear bull market, come to an end at the beginning of 2022?
This is because it marks the beginning of long-term inflationary pressure that we all have to contend with. To counter inflation, one of the most effective measures is to raise interest rates. As we all know, higher interest rates bring challenges to businesses and stock markets.
Please take note of the timing. Inflation first exceeded 2% in April 2021, and since then, it has been on an upward trend, something unprecedented in the last 40 years. However, the Federal Reserve only began raising interest rates in March 2022, while the markets peaked at the beginning of 2022.
Consumer Price Index
Feb 21 1.68%
Mar 21 2.66%
Apr 21 4.15%
May 21 4.94%
Jun 21 5.34%
Jul 21 5.27%
Aug 21 5.21%
Sep 21 5.39%
Oct 21 6.24%
Nov 21 6.83%
Dec 21 7.10%
Jan 22 7.53%
Feb 22 7.91%
Mar 22 8.56%
Apr 22 8.22%
May 22 8.52%
Jun 22 9.00%
• Why did the market turn bullish in 2023.
Many attribute the rally to AI, but it goes beyond that. By the end of 2022, the market was still hovering around its lowest point. However, as seen in the inflation numbers below, there was a gradual decline from 9% in June 2022 to 6.5% in December 2022, creating a divergence between this positive news and the market's performance. At that point, I was preparing for a bear rebound or retracement. Of course, the inflation number continued its decline to 3.2% in October 2023, and the rally has continued until now.
Continue Price Index
Jun 22 9.00%
Jul 22 8.50%
Aug 22 8.30%
Sep 22 8.20%
Oct 22 7.70%
Nov 22 7.10%
Dec 22 6.50%
• Why have the days of passive investing come to an end?
Unless inflation can back down to 2% in a sustained manner, we should expect to see much more volatile markets in many years to come. Traders welcome volatility but not investors.
There are reasons why back down to 2% in a sustained manner is unlikely to happen. Please leave me a comment, I hope to exchanges ideas with you.
E-mini Nasdaq Futures and Options:
Minimum fluctuation
0.25 index points = $5.00
Code: NQ
Micro E-mini Nasdaq and Options:
Minimum fluctuation
0.25 index points = $0.50
Code: MNQ
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Weekly Forecast with ranges Nasdaq Futures has closed the day and the week very strong with high volume.
I have identified the target range for the next week. Monday will be very silent as there is no big news. But the other days have all the big news with PPI and CPI data release, so there are very high chances of Nasdaq futures testing the target range and then chopp around on the Data release for the entire week. If Inflation data comes in very strong, then prepare for the downside. But as of now we are looking to slowly chop and go higher.
COOTTON📊 COTTON
⏱ TIME: 1W
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future.
⭕️risk: LOW
📍buy market:89 $
📌TP1: 104 $
📌TP2: 116 $
📌TP3: 124 $
📌TP4: 150 $
⛔️SL: 74.5$
XAUUSD📊 #XAUUSD
⏱ TIME: 1D
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future.
⭕️risk: low
📍The initial buying limit: 1850$
📍The second buying limit: 1813$
📍The third buying limit: 1734$
📌TP1: 1883 $
📌TP2: 1975 $
📌TP3: 2060 $
📌TP4: 2328 $
❌These analyzes are just to give a better perspective for you dear ones
Do not base on buying and selling❌
NZDCAD📊 #NZDCAD
⏱ TIME: 1H
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner.
⭕️risk: high
📍The initial selling limit: 0.80818 $
📌TP1: 0.80650 $
📌TP2: 0.80447 $
📌TP3: 0.80150 $
📌TP4: 0.79640 $
⛔️SL:0.81044 $
❌These analyzes are just to give a better perspective for you dear ones
Do not base on buying and selling❌
CADCHF📊 #CADCHF
⏱ TIME: 1D
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner.
📍The initial sell limit: 0.68070 $
📍The second sell limit:0.69260 $
❌These analyzes are just to give a better perspective for you dear ones
Do not base on buying and selling❌
EURAUD📊 #EURAUD
⏱ TIME: 15MIN
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner.
⭕️Risk: mid
📍The initial buying limit: 1.65566 $
📍The second buying limit: 1.65196 $
📌TP1: 1.64728 $
📌TP2: 1.64119 $
📌TP3: 1.63662 $
⛔️SL: 1.66163$
❌These analyzes are just to give a better perspective for you dear ones
Do not base on buying and selling❌
Bitcoin prediction in 15 minutes time frameIs there certainty in the market?
Which category do you belong to? Yes or no
I believe there is certainty in the market and you just have to discover it.
Bitcoin will definitely lose the price floor of $30,000 and fall.
(Of course, this drop is only to get the energy of the big pump)
But which area is better for trading shorts????
I take risk on the red box according to the left of the chart.
"Not financial advice"
MASKUSDT📊 #MASKUSDT
⏱ TIME: 1D
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future.
📍The initial buying limit: 3.660 $
📌TP1: 4.74 $
📌TP2: 5.84 $
📌TP3: 7.19 $
❌SL: 3.04 $