Bullish AU200: Key Fundamentals & Probability StrategyThe AU200 (ASX 200) index is showing bullish potential due to several key fundamentals. Australia's economy continues to demonstrate resilience, with a strong labor market and low unemployment rate of 3.6% supporting consumer spending. Additionally, the country's resource-rich economy benefits from robust global commodity prices, particularly in key exports like iron ore and coal. The Reserve Bank of Australia's supportive monetary policy, despite recent tightening to combat inflation, further underpins the positive outlook for the AU200.
I'm incorporating probability top-down analysis into my trading strategy for the AU200 to make more informed decisions and improve my chances of success. By using probability tools on my charts, I can assess the probability of price movements reaching specific levels, helping me identify high-probability trade setups.
Now let's get into the top-down process:
12M:
2W:
4H:
What are your thoughts on the AU200? Share your ideas and insights below!
Fractal
Why Now is the Time to Go Long on USDJPY: A Trader’s PerspectiveCurrent Fundamentals:
-Diverging monetary policies: The Federal Reserve maintains a hawkish stance, while the Bank of Japan continues its ultra-loose policy.
-Economic growth disparity: The US economy shows resilience, outpacing Japan's growth rate.
-Interest rate differentials: Higher US yields attract capital flows, strengthening the dollar against the yen.
I'm employing probability-based analysis to enter long positions in USD/JPY.
Let's discuss what's going on with USDJPY!
12M:
2W:
1H:
17-Sep-24I think the market is "naturally" bullish, but whales are pushing price down.
The circled price action looks like a short squeeze, and now whales have entered short and are ready to push price down to break $56K.
My levels are places assuming strong bounces from liquidity levels.
Following the break of 56K I'm expecting a breakout of the longer term down trend.
NAS100 9/17/24💹 Indices:
👁️ Outlook
30m Context Time Frame: we are breaking bullish re-accumulating, price just came off the 10ema and is pushing into higher prices. I expect NY to have some sort of pullback into the EMAs and take out some lows then we can see a continuation.
Daly Bias: Bullish
Keeping an eye on this. 👁️
SPX500 9/17/24💹 Indices:
👁️ Outlook
30m Context Time Frame: we are breaking bullish and accumulating, price just came off the 10ema and is pushing into higher prices. I expect NY to have some sort of pullback into the EMAs and take out some lows then we can see a continuation.
Daly Bias: Bullish
Keeping an eye on this. 👁️
GBPJPY 9/17/24💹 Crypto:
👁️ Outlook
30m Context Time Frame: GBPJPY has been accumulating and is currently re-accumulating. I want to see price get above the EMAs and start showing strength. We can possibly see some potential longs coming out of London and NY session.
Daly Bias: Bullish
Keeping an eye on this. 👁️
BTC 9/17/24💹 Crypto:
👁️ Outlook
30m Context Time Frame: Is currently re-accumulating, WAITING for price to et above these EMAs to show some money coming in then once my 6m time frame is in accumulation I will wait for price to go into re-accumulation and do the same with 1m time frame.
Keeping an eye on this. 👁️
Exploring the Bullish Outlook for Litecoin (LTCUSD)Litecoin (LTC/USD) is showing a bullish trend, supported by several key fundamentals.
The cryptocurrency market is experiencing renewed interest, with Litecoin benefiting from its reputation as "digital silver" alongside Bitcoin's "digital gold" status.
Litecoin's upcoming halving event, expected in August 2023, is generating excitement as it typically leads to increased scarcity and potential price appreciation.
Additionally, Litecoin's growing adoption in real-world transactions and its recent integration into various payment platforms are contributing to its positive outlook. The overall crypto market sentiment is improving, with institutional investors showing increased interest in alternative cryptocurrencies like Litecoin.
I'm utilizing probabilities on my charts to get positioned into longs for Litecoin.
Now, let's take a closer look at my analysis.
12M:
2W:
1H:
Feel free to share your thoughts and ideas in the comments below!
BTC 9/16/24💹 Crypto:
👁️ Outlook
30m Context Time Frame: Bitcoin has been breaking bullish all last week and actually looks primed to make another continuation higher on the 30m. We are currently re-accumulating on the lower time frames and have met a 30m zone/key level, however price could continue lower and take out that low and then show strength afterword.
Daly Bias: Bullish
Keeping an eye on this. 👁️
XAUUSD 9/16/24💹 Commodities:
👁️ Outlook
30m Context Time Frame: Price has been breaking bullish all last week. This week I am expecting price to definitely have some type of re-accumulation before another continuation because we are overextended on every time frame.
Daly Bias: Waiting for re-accumulation before another continuation
Keeping an eye on this. 👁️
NAS100 9/16/24💹 Indices:
👁️ Outlook
30m Context Time Frame: The 30m time frame has been breaking bullish all last week. I am expecting some type of re-accumulation tomorrow NY session taking some lows before we get a continuation. We can possibly get a setup for longs but we can also just be sitting on our hands all of Monday and have no opportunity.
Daly Bias: Bullish but expecting some sort of re-accumulation before the coninuation.
Keeping an eye on this. 👁️
BTC 1h upward rally updateMEXC:BTCUSDT
Here's what SMC tell us:
after a slight dipping to the DP.i (58550) point of interest (POI)
then we ready to see a confirmation signal to buy the dip.
that confirmation would be
1. SCOB: Single Candle OrderBlock
2. Lower Time Frame (5mins) ChoCh: (ChoCh: Change of Character)
Without a confirmation entry, we are not allowed to execute buy position,
and then we have to be patient for price to get to a lower important level,
such as Minor High Liquidity Low (57220) or Minor Extreme POI (56025).
I will update Bitcoin regularly..
Take Care
GOLD CREATES ALL-TIME-HIGH, MORE HIGHS EXPECTED!Last trading week saw gold formed all-time-high on high buying pressure. With a slight pullback in days, the metal may re-test the newly created support at 2530 and further creates more highs.
N.B!
- XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gold
#xauusd
EURUSD ACCUMULATIONS LIKELY TO RISE ABOVE 1.11500Fibre is showing strength; a pullback below 1.10500 likely to cause the pair to rise above 1.11500.
N.B!
- EURUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
Will DOGS repeat the crazy growth of NOT?This idea is purely a flight of fancy and a comparison of #DOGS and CRYPTO:NOTUSD :
✅ “very close” teams of projects )
✅ A large total and circulating supply of coins
✅ now an interesting card “Durov's arrest” has been played
✅ financial markets are now charged for growth
✅ exchanges are fighting to get users to bring their #DOGS to them by offering promotional campaigns
Therefore, if the OKX:DOGSUSDT price follows the OKX:NOTUSDT fractal, the #DOGS price should not fall below $0.0009, and around $0.006, you can think about selling it
What did you do with your #DOGS?
👎- sold and got your honest $20-100 for free
👍- will be waiting for at least x5 growth