EN and GN still bias on downside...Hello fellow traders , my regular and new friends!
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Bias still on the downside, bounce would be coming but likely to still look for shorting opportunities for this EURNZD and GBPNZD
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Forex-analysis
UsdMex to short,looks like a nice chart to go shortHello fellow traders , my regular and new friends!
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Trend looks set ,watching for oppo so short
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For Shorts on GbpnzdHello fellow traders , my regular and new friends!
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I am bearish on the pairs, more downside should be there.
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EURUSD bias for longs...Hello fellow traders , my regular and new friends!
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Let's see , long for eurusd for me :)
At the same time i am also bias to short
USDCHF
USDMEX (Mexican Peso)
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EURUSD - Long Term and Short Term Top Down AnalysisHey guys!
Here is a top down analysis on the EURUSD pair. I see a great deal of bullishness currently, but i am convinced this bullishness is to take prices into the 4 hour zone sitting a few pips above the 1 hour liquidity target.
If that happens, I will expect to see prices begin to u turn bearish and head in the direction of the 4 hour and daily liquidity for a start, and eventually go all the way down to the monthly and weekly liquidity point.
On the whole, the market is sort bullish, up through the current 1 hour liquidity target and through to the 4 hour zone, from where we will expect to see the bears take over the market.
This is the most likely perspective on direction with regards to market and price movement on this pair.
MAY 1ST 2024 US30 FOMC Trade Idea/LiveTrade I approached the charts fresh out of the shower. I got in at 9:20 AM NY Time and got to the computer around 9:40 AM NY time. But anyway,
I saw on the weekly that we were slowly rejecting lows. So, that means if I saw either a shift in structure or a change in the state of delivery, aka a break above an OB that has taken liquidity to go higher on the 4H or 1H, then price could slightly be trading back higher just to raid above a high, then proceed lower. But in order for me to keep that bias, I must see if a daily key level was being respected and if price has recently raided a low while also rebalancing within an FVG. If so, then price is more likely bullish. And that's exactly what happened.
XAUUSD Analysis (29th April 2024)
XAUUSD Analysis
On the 1 hour timeframe, price action has created a 1 hour Bullish retracement.
Currently, price is in between the 1 hour low of 2326 and 2352. To get a clearer picture, I want price to break above/below these levels in order to look for potential trades.
IF price breaks above 2352, i wll be looking for a break and retest of that key level to take price to 2380.
However, if price breaks below 2326, i will be looking for active sells to target the 2292 level.
USD seems retracing with a flag pattern...Bias still upsideHello fellow traders , my regular and new friends!
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Bias still on the upside, let's see how it play out on a NPF Cum Interest rate week ahead!
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Attention $$$ Back in another premium Gold idea #xauusd The XAU/USD pair is showing bullish momentum, with the weakening US dollar and global economic uncertainty driving up the price of gold. Technical analysis also supports a bullish bias. Day traders may consider going long on the pair, but should exercise caution due to gold's volatility and use proper risk management techniques.
Entry: 2323.28
SL: 2319.14
target 1: 2325.75
tp2: 2331.33
#signal #analysis #gold #xauusd #daytrading #forex
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Usdjpy, congrats to those who long the break up last week!Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Yup, as mentioned, if you have gone long last week..so question this week, is it gonna repeat what happened last week?Hmmmm i am starting to be more cautious
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Eurnzd waiting for a push higher for break upHello fellow traders , my regular and new friends!
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Watching for the break up
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Gbp seems one of the weakest...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Gonna look out for shorting opportunities with Gbpusd or its crosses. See how it goes
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Gold Shows Signs of Recovery, Targets $2,400 MarkGold experienced a volatile session on Wednesday, dropping to $2,354 in the US trading session. Despite the price decrease, there are signs of a mild recovery. Expectations are high for gold to surpass the $2,400 mark.
Based on technical analysis, the price is gradually recovering and heading upwards. If the price continues to rise and surpasses the 60 level, it could be predicted that the price will reach the psychological threshold of $2,400 and continue its upward momentum to the previously established peak of $2,431.
Premium Gold idea Here "Read all about it " "Gold had a sudden surge today, catching many investors off guard. However, just as quickly as it rose, it experienced a significant drop, leaving many traders scrambling to adjust their positions. The volatility in the market is making it a challenging day for gold day traders, as the price continues to fluctuate unpredictably. It's important to stay vigilant and be prepared for sudden shifts in the market."
Entry: 2381.69
SL: 2385.78
Target: 2395.21
Target 2: 2398.27
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#signal #daytrading #gold #xauusd
Gold Prices Rise on Powell's Remarks Amid Middle East TensionsAt the end of Tuesday's US trading session, the price of gold rose higher by 0.22%, following Federal Reserve Chairman Jerome Powell's hawkish remarks. This provided a favorable momentum for gold's growth amid escalating political tensions between Iran and Israel.
Looking at the chart, it's evident that the price of gold is heading towards the target of 2,400 USD. Breaking through this threshold won't just mark a significant milestone but also present an opportunity for gold to surge further, with potential subsequent levels reaching 2,431 USD and 2,450 USD.
GBP/USD Stability and Future TrendsGBP/USD traded slightly lower on Tuesday, below the 1.2450 level during the early European trading session. Despite some minor fluctuations, overall, the GBP/USD pair maintains a downward trend. This stability is encouraging investors to proceed with caution when entering the market.
However, prices are gradually adjusting and expected to rise again. Yet, they still encounter resistance at the SMA 50 level. If prices surpass this barrier and advance towards the SMA 100 line, we may witness a strong upward momentum, unveiling new opportunities in the market.
Analyzing Gold Prices in the Upcoming PeriodGold sideway around the $2,385 level in Tuesday's Asian trading session, with expectations of further rising to $2,400. However, diminishing political tensions in the Middle East and upbeat economic data from China are exerting downward pressure on gold prices. Therefore, the current trend is towards correction, possibly testing the SMA 20 area before resuming its upward trajectory.
Achf to watch for shorting it...Hello fellow traders , my regular and new friends!
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Looking to short Achf, chf crosses looks like they are turning...watching.
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