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SasanSeifi 💁‍♂️ 🟡 XAUUSD /weekly◼In the weekly timeframe, as you can see, the price has been in a corrective phase since it fell below the $2060 range. After experiencing some positive fluctuations, it has once again entered the FAIR VALUE GAP zone. Currently, it's trading around $1851, and the overall trend in the weekly timeframe is bearish. If the price continues to stay below the LOW of the $1885 range and the weekly candle closes strongly bearish, we can expect that the price will continue its correction in the medium term towards the support levels at $1830, $1800, and $1780. To get a better understanding of the price's future movement, we need to monitor how it reacts to these support levels. If the support levels hold and are confirmed on lower timeframes, there might be some partial positive fluctuations.❗❗ ◼On the other hand, if the support ranges break down, the possibility of a more significant correction in the long-term timeframe could be considered.❗ ⭕The important resistance range is $1890 to $1918. ✨What's your opinion? Do you agree? 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
OANDA:XAUUSDShort
by SasanSeifi
BluetonaFX - GBPAUD Descending Triangle SHORT IdeaHi Traders! The bearish price action continues on the GBPAUD 1D chart, and there may be possible opportunities for short entries. Price Action 📊 The market has had lower highs and lower lows since breaking below the 20 EMA, creating a descending triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line and continue to the downside. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low.   Support 📉 1.88514: TRENDLINE SUPPORT Resistance 📈 1.92527: TRENDLINE RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
11
Reversal Chart Pattern: WedgeWhat this chart pattern shows us is a loss of trend strength and a deceleration in price movement. The most achievable projection for setting our take profit will be the maximum width of the pattern, which occurs at the beginning of it. Alternatively, you can take the level that marks the start of the correction as a profit-taking point. As for the stop-loss level, it will depend on the type of entry made in the trade, whether it's a high-risk entry or a reduced-risk entry. (Like any other pattern or indicator, this one provides a signal of a possible market move. Therefore, the greater the number of confluences, the higher the probability that the observed scenario will occur). 💼💹 (🇬🇧)
Education
by JRiquelmeTrading
BluetonaFX - EURUSD Inverse Head & Shoulders LONG IdeaHi Traders! EURUSD has a potential inverse head-and-shoulders pattern forming on the 4H chart. Price Action 📊 Recent higher market swings with higher highs and higher lows, and the market is currently above the 20 EMA. We are looking for a bullish momentum break above the neckline. Fundamental Analysis 📰 ECB President Lagarde continued her hawkish stance by repeating that interest rates in the eurozone will remain high for as long as needed. Support 📉 1.05707: 20 EMA Resistance 📈 1.05936: NECKLINE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
British Pound Plunges as Bank of England Holds Interest RatesI bring today is far from uplifting. As you may already be aware, the British Pound (GBP) has taken a significant hit in the wake of the recent decision by the Bank of England (BoE) to hold interest rates steady. This unforeseen turn of events has left many traders like yourself feeling disheartened and uncertain about the future of GBP. The BoE's decision to maintain interest rates has sent shockwaves throughout the financial markets, triggering a substantial decline in the value of the British Pound. This unfortunate turn of events has left the currency vulnerable and exposed to further downside risks. While it is indeed disheartening to witness such a decline, it is crucial for us to adapt and seize opportunities even in the face of adversity. Given the current state of affairs, I would like to encourage you to consider taking advantage of the situation by exploring short positions on GBP. The downward trajectory of the British Pound may present an opportunity for you to potentially profit from this unfortunate turn of events. However, please remember that trading involves risks, and it is essential to conduct thorough analysis and consider your risk tolerance before making any investment decisions. In times like these, it is crucial for traders like yourself to stay informed and adapt to the ever-changing market conditions. Monitoring economic indicators, central bank decisions, and geopolitical developments will be key in navigating the turbulent waters of the foreign exchange market. If you require any further information or assistance regarding shorting GBP or any other trading-related queries, please don't hesitate to comment below. We are here to support you and provide you with the necessary guidance to make informed trading decisions during these challenging times. Remember, even in the face of adversity, the trading world remains full of opportunities. By staying informed, adapting your strategies, and seeking professional advice, you can navigate these uncertain waters and potentially turn this unfortunate situation to your advantage.
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EURUSD 1D Hello, everyone! I suggest analyzing three potential scenarios for the development of events on the #EURUSD pair using the higher timeframe. 1 (marked in black on the chart) - Currently, we are in the imbalance zone of the 1D timeframe. Potentially, the price may clear the imbalance and continue moving downwards, possibly making new lows. 2 (marked in red on the chart) - Based on confirmed order flow, we might see the price in the 1.08 zone for liquidity removal, with the potential for a downward move, similar to previous instances marked in red. 3 (marked in green on the chart) - This scenario could become valid if the price reaches and consolidates above the 1.08 level. In this case, the previous order flow would act as continuous liquidity. Have a great day, everyone!
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Gold,1hOur hourly chart, displays Gold about to hit it's restince level, dealing around 1930.380 US Dollars, during the current trading session, before a possible huge Pullback into it's support line around 1916.659 US Dollars. Gold hit one-week highs on Monday ahead of U.S. Federal Reserve's policy decision this week, where it is overwhelmingly expected to keep interest rates steady, but investors will be watching the central bank's language on future rates. Spot gold GOLD gained 0.2% to $1,926.71 per ounce by 1027 GMT. U.S. gold futures GOLD were up 0.1% to $1,948.20. Investors over the week would be looking at policy decisions by the Fed on Wednesday, the Bank of England on Thursday and the Bank of Japan due on Friday The Candle confirmation after the resistance line is always important. Follow on Social Media IG: Kellion_GM FB: Westport_Capital_Management Westport, we trade confidence!!
OANDA:XAUUSDShort
by maurokellinho