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EURUSD Daily Analysis - A downward movement is expected towards Throughout the first day of the new week EURUSD remained consolidated at the levels of 1.0960/85. Today at 6 o'clock GMT we expect data on Industrial Production for the month of August in Germany, with expectations for a growth of 0.8% compared to the previous month, where we had a drop of -2.4%. The Eurogroup Meeting is another key event of the day that is likely to have an impact on currency markets. A little later in the day, however, the Bank of New Zealand is expected to cut interest rates more aggressively by 0.5% following the new trend of interest rate cuts around the world. From World-Signals.com, we expect a slight strengthening of the Euro, but it is very likely that the downward trend will continue towards the end of the week. Bet on a strategy to sell on slight bounces up to 1.1010+ with daily gains of 20-35 pips or short positions with bigger gains towards the end of the week.
Short
by World-Signals
GOLD - Price can start to decline to $2520 support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price traded near $2475 level, bouncing down to $2438 points, and started to grow in wedge. In wedge, price soon broke $2475 level and then rose to resistance line, but quickly turned around and fell below. Price made a fake breakout of $2520 level, but soon backed up and some time traded near this level. Also, Gold even some time entered to support area, after which it later made a correction to support line of wedge. After this movement, XAU made an upward impulse, thereby exiting from wedge and breaking $2520 level. Now, I think Gold, after upward movement, can start to decline to $2520 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
13
gold idea hidden orders sitting a bit higher $$$ #BookMap "Your income is directly related to your philosophy, not the economy." — Jim Rohn This emphasizes the importance of mindset and attitude in achieving financial success. We have orders sitting at the the top, you probably could see them if you were using book map so I would buy and set a trailing stop loss as price rises up VWAP will help us enter and exit so no need to list entry and exit THanks and out - Trade God
OANDA:XAUUSDLong
by TradeGod003
1
EURO - Price can little grow and then continue fall in channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price entered to wedge, where it at once bounced from resistance line and fell to support line. Then price bounced up from this line and rose higher than $1.0900 level, after which reached resistance line of wedge. Next, EUR corrected, after which continued to move up inside wedge and later price exited from this pattern. After this, price entered to falling channel, where it at once rose higher than $1.1155 level, but soon broke it again. Euro continued to decline inside falling channel until it reached support line, after which it recently bounced up. Now, I think price can make a small movement up and then continue to decline to $1.0975 support line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
HelenP. I Bitcoin can little correct and then continue to riseHi folks today I'm prepared for you Bitcoin analytics. Some days ago price declined to the resistance level, which coincided with the resistance zone, and at once rebounded up to the trend line. After this, BTC turned around and made a strong impulse down, breaking 63900 with 53200 levels, but soon turned around again and rose higher than the 53200 level, making a fake breakout of it. Next, the price started to grow and later it grew almost to a resistance level, where it some time traded. Then the price rose to the resistance zone, where it touched the trend line one more time and then started to decline. In a short time, BTC fell to the support level, which coincided with the support zone, and a not long time ago it rebounded and started to move up. So, in my mind, I expect that BTCUSDT will make little correction movement and continue to grow to the trend line. For this case, I set two goals, first at the - 57400 points, and second at the 60600 points, which coincides with the trend line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
10
GBP/JPY Trade Setup: Short Position on Rising WedgeI've identified a rising wedge pattern on the GBP/JPY hourly chart and have taken a short position based on this bearish formation. I'm executing this setup with two entries: First Entry: At the top of the rising wedge, with an entry at 189.520. Second Entry: On a confirmed break of the wedge, around the 187.93 area, based on an hourly close below the pattern. The rising wedge is often a precursor to a bearish reversal, and I'm positioning for a downside move. This two-pronged entry strategy allows me to capitalize on both the potential resistance at the top and the momentum if the wedge breaks to the downside. I'll continue to monitor the trade and update as it progresses.
Short
by CryptoHydro
BTC - Bullish continuation - Fall 2024I believe we will see a bullish continuation for Bitcoin in the coming fall of 2024. This prediction is supported by several key factors, including the anticipated rate cuts by central banks and an overall positive market sentiment. Historically, rate cuts have led to increased liquidity in the market, which often boosts the prices of risk assets like Bitcoin. Additionally, the growing institutional adoption and the maturation of the cryptocurrency market are likely to contribute to this bullish trend. Along with the US elections.
COINBASE:BTCUSDLong
by souledoule
High Time Frame 3 Drives Pattern down to OctoberNOPIUM I wanted to share a bearish thought that I think has merit whilst we are all talking about the new bull run to BTC at $250,000 by next week idea. The Blue lines - FIB TIME Purple lines - 3 Drives Pattern I'm hoping the rest is clear enough. FIB Time has been something I have used, ignored and then regretted before. Whilst nothing is a guarantee, In the past, it has given me dates within a few days of where it landed. This time, it's showing that IF we do start to grind down over the next couple of months, it ends somewhere around the 4th - 7th of October. Price Levels Untested resistance around $48,000 - $49,000 Above us right now, we have a weekly Order Block , the whole range Point of Control and the Value Area High not too far away. Coupled with the untapped Weekly level, I see this area as pretty good resistance until proven otherwise. Price levels: Somewhere between $67700 and $69000 If anybody has any thoughts, I'd love to hear them. Charted for BITGET:BTCUSDT.P
by turnandshoot
3
GOLD Trades Idea for Wednesday 15 July 2024DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Signal For 15 July 2024 SELL LIMIT Order: $2408.08 Stop Loss: $2418.56 Take Profit 1: $2397.84 Take Profit 2: $2384.23 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out. Reason The first-hour candlestick closes below 21 EMA, hence our bias is to SELL. We will place 1x SELL LIMIT orders at 38.20%, stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%. Trade Review For 12 July 2024 Manage to reach take profit 1! Shifted stop loss to breakeven to reduce risk. Let's continue to trade! P&L for the month: +6.3R 01 July: +0.5R 02 July: +0.5R 05 July: +1.6R 08 July: +1.6R 11 July: +1.6R 12 July: +0.5R & Running The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R June: -0.2R
OANDA:XAUUSDShort
by Barry_Games_Trading
EURCAD BUY | Idea Trading AnalysisEURCAD is moving under the descending channel The chart is above the support level, which has already become a reversal point twice. We expect a rebound after the support is retested. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Long
by TheGrove
7
Some Hopium for 2024 Cycle, Lets See How Well This Ages For FunComparing the 2 previous bull run cycles to the now current cycle using approximate scaling to compensate of overall size of each run. Notice the moving averages are relatively similar, also RSI, Stochastic and Aroon Indicators are in the same ballpark when considering scaling time for the higher capital size/price. Like most I felt we were further into the cycle but did consider the possibility if we were to drop and break the local parabolic curve we could just be setting up for a longer and larger bull cycle, especially since we had such an early start this time. Good hopium I suppose, and will see how good or bad this ages, will see if that scaling the chart will show some truth to my hypothesis, I am publishing this right after today's closing loss of the 200 MA on the Daily timeframe.
CRYPTO:BTCUSD
by SammyCasket