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GBPJPY SHORT/SELL🔰 Pair Name : EUR/JPY 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : LONG Scale 🔰 Direction : SHORT/SELL The GBP/JPY pair's sensitivity to shifts in global risk sentiment makes it a valuable tool for assessing broader market outlooks. 🌐 Its responsiveness aligns it with changes in global risk appetite, creating a strong correlation. In this context, the pair finds support at the ¥180 level and the 50-Day Exponential Moving Average, a widely recognized technical indicator. 📊 These levels are key reference points for traders. The dynamic of the GBP/JPY is influenced by the divergent monetary policies of the Bank of Japan and the Bank of England. 🏦🏴󠁧󠁢󠁥󠁮󠁧󠁿🇯🇵 This policy disparity sets the stage for potential catalysts that could drive the pair's movement. Given this policy contrast, an uptrend in the GBP/JPY is a possibility worth considering. However, seasoned traders emphasize patience and prudent market entry. 🚀 The potential for a climb to ¥184 and beyond, possibly reaching ¥185, is on the horizon. Navigating the inherent volatility of the GBP/JPY requires acknowledging the risk. A sustained drop below ¥175 is crucial to challenge the prevailing trend. ⚖️ The recent pullback in the pair offers a strategic opportunity for knowledgeable traders to accumulate "undervalued" British pounds against the Japanese yen. 📉⚖️ Yet, risk management and thorough analysis are paramount when dealing with the pair's inherent unpredictability. Recent trading dynamics provide valuable insights into the GBP/JPY's behavior and potential trajectory. Its risk-sensitive nature, reliance on technical indicators, and the interplay of divergent monetary policies contribute to its intricate movement. As the market evolves, traders should exercise patience and prudence while capitalizing on the opportunities and challenges presented by this currency pair. 📈📊📉 #GBPJPYAnalysis #MarketInsights
Short
by Moon_SmartMoney
GOLD/ XAUUSD LONG/ BUY🔰 Pair Name: GOLD/XAUUSD 🔰 Time Frame: 1H/4H 🔰 Scale Type: SMALL Scale 🔰 Direction: LONG/BUY 📈 Analysis Update - Gold Forecast 📉 🔍 Current Status: Gold has successfully reached the critical daily Fibonacci level of 61.8%. From a technical perspective, we are anticipating an imminent retest scenario. 🔮 Projection: The forecast suggests that a retracement is in the cards, with a potential target zone spanning between 1944 and 1951. This retracement is primarily driven by the need to absorb the liquidity that was generated in the market yesterday, thereby realigning the market balance. 📊 Strategy: Traders are advised to closely monitor the price action within the projected range and assess the strength of the retracement. This period could offer an opportunity to capitalize on short-term moves. As always, remember to manage risk effectively and stay attuned to the evolving market dynamics. Happy trading! 📈📊📉
TVC:GOLDLong
by Moon_SmartMoney
GOLD/XAUUSD LONG/ BUY🔰 Pair Name: GOLD/XAUUSD 🔰 Time Frame: 1H/4H 🔰 Scale Type: SMALL Scale 🔰 Direction: LONG/BUY 📈 Fundamental Point of View 📉 Gold price experienced a strong rebound after the US NFP report fell short of expectations last Friday. In July, fresh payrolls were 187K lower than the consensus of 200K, although they were marginally higher than June's print of 185K. The market sentiment turned positive despite Fitch's downgrade of the US government long-term debt rating. 📊 Technical Point of View 📉 From a technical standpoint, Gold showed a significant bounce and closed the daily candle above the key daily support level at $1932 last Friday, driven by the unexpected and shocking low NFP data release. The price has also touched the Fibonacci retracement level of 38.2%, which indicates a potential bullish momentum. We anticipate the gold price to make a solid cross above this level on the 1-hour candle chart and then retest the 23.6% Fibonacci level before aiming for the next resistance at the Fib level of 50% at a price of $1951.88 at the beginning of this week. 🚀📈 🔍 Disclaimer: Trading involves risk. This analysis is for informational purposes only and should not be considered as financial advice. Always do your research and consult a professional before making trading decisions. 🔍
TVC:GOLDLong
by Moon_SmartMoney
AUDUSD LONG/ BUY🔰 Pair Name : AUD/USD 🔰 Time Frame : 4hrs 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/ SELL The AUD/USD pair encountered strong resistance near 0.6750 during a hesitant pullback in the late European session,we are expecting the price to go possible higher high at the liquidity key high area 0.67788 area before further sell. As investors approach the Federal Reserve's (Fed) upcoming interest rate policy announcement on July 26, caution prevails, leading to fading recovery momentum in the Aussie asset. Meanwhile, the US Dollar Index (DXY) is gaining strength, aiming to reclaim its intraday high of 101.41, as investors anticipate a possible interest rate hike by the Fed after skipping it in June. Ahead of the inflation data for the second quarter, the Australian Dollar is expected to exhibit strong movements. The consensus predicts a 1.0% increase in inflation on a quarterly basis, compared to the previous 1.4%. Additionally, the Annual Consumer Price Index (CPI) is projected to decline to 6.2% from the previous release of 7.0%. Technical analysis reveals that AUDUSD faces selling pressure in its attempt to breach the horizontal resistance drawn from June 16 high around 0.6900. The presence of a Double Top chart pattern indicates a potential bearish reversal. The 20-period Exponential Moving Average (EMA) at 0.6758 acts as a barrier for the bullish momentum in the Aussie asset. Looking ahead, a downward move below the immediate support at 0.6700 could expose the asset to further declines towards the July 11 low at 0.6650, followed by the round-level support at 0.6600 as our target area. On the other hand, a recovery beyond the July 20 high at 0.6847 would propel the asset towards the June 16 high of approximately 0.6900. A break above the latter level could lead to further gains, targeting the February 16 high at 0.6936. As a professional trader, it's essential to closely monitor these technical and fundamental factors to make informed trading decisions and navigate potential opportunities and risks in the AUDUSD pair. 📈💼💡
Short
by Moon_SmartMoney
CADCHF LONG/BUY🔰 Pair Name : CAD/CHF 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/SELL 📈From a fundamental perspective, the CAD (Canadian Dollar) and USD (United States Dollar) share a strong correlation due to their economic ties. The majority of Canada's trade is with the US, making it susceptible to economic events and policies in the US, which significantly impact the Canadian economy and the CAD's value. 💼💱 📊 Currently, DXY (US Dollar Index) is experiencing a correction after reaching a critical low on the Daily chart. On the other hand, CADCHF (Canadian Dollar against Swiss Franc) has reached the daily demand zone at the 0.64730 area. Yesterday, a bullish pin bar formed, followed by a green bull candle today, indicating potential upward movement. 📉📈 📉📉 RSI (Relative Strength Index) for CADCHF shows it is oversold, and the month-long price drop has created a significant market imbalance below. We expect CADCHF to move up to collect the market imbalance, targeting at least the Fibonacci level 38.2 around the 0.66145 area. After reaching the daily support at that zone, there may be a retest of the Fibonacci level 23.6% before continuing to rise towards the Fibonacci level 78.6% at the 0.67567 area. 🎯📉📈 💡 Traders should closely monitor these technical indicators and price movements to make informed decisions in their trading activities. Remember to apply risk management strategies and exercise caution when trading the financial markets. ⚠️👀📉📈
Long
by Moon_SmartMoney
4
NZDCHF LONG/ BUY🔰 Pair Name : NZD/CHF 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : MID Scale 🔰 Direction : LONG/BUY NZD/CHF Forecast: Bullish Momentum Expected as Price Reaches Key Support Zone Hey traders! 📈🚀 NZD/CHF has reached a critical juncture on the charts, arriving at a significant Monthly demand zone around the 0.53 area. This zone not only marks the historical low for the pair but also aligns with the bottom of a well-defined downtrend channel. 📊 Given this confluence of support levels, we are keeping a close eye on the price action, as a potential bullish reversal is in the works. 🧐💹 Our analysis suggests that the price could experience a noteworthy upward movement from this strong support area, with an initial target at the 0.55 area. This level coincides with a key daily supply zone and represents an excellent opportunity for the market to collect liquidity and balance out the demand-supply dynamics. 🎯📉 Traders should remain vigilant and look for bullish confirmation signals in the form of candlestick patterns or trendline breakouts before entering any positions. Remember, successful trading requires proper risk management and adherence to your trading strategy. 🛡️📈 Stay tuned for updates throughout the week as we monitor the price action closely. Let's capitalize on potential market opportunities and make some profitable trades together! Happy trading! 🤝😄
Long
by Moon_SmartMoney
GOLD/ XAUUSD SELL🔰 Pair Name : XAU/USD 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SELL On the last trading session, gold experienced a significant break of a major uptrend line. As per our analysis, we anticipate that gold will undergo a retest of the aforementioned trend line within the buying liquidity range of $1972-$1973 area. Subsequently, we expect a downward movement towards the last selling liquidity zone around $1946 area, aiming to fill the existing imbalance. Keeping an eye on these price levels presents a potentially lucrative trading opportunity for the start of the week. Don't overlook this straightforward Monday trade as it unfolds before us. Stay vigilant and seize the chance to capitalize on these market dynamics. Happy trading!
CAPITALCOM:GOLDShort
by Moon_SmartMoney
DXY Possible Dip Before Further Up 🔰 Pair Name : DXY 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SELL During the recent correction in dollar strength that began last week, the DXY showed a rally to the 101.5 area without undergoing a proper retest to the downside. Today, the price reached the 4-hour supply zone above the 101.111 area. There is potential for a retest to the downside at this area, towards the previous 4-hour demand zone at the 100.8-100.7 area, to fill the imbalance in order to have enough liquidity to go further up. As professional traders, it is crucial to keep a close eye on the DXY - the U.S. Dollar Index. This index serves as a key metric in measuring the USD's value against a basket of major currencies, acting as a benchmark for the strength or weakness of the USD. 💹💲 Here's how the movements of the DXY can impact currency pairs and gold prices: 1.USD Currency Pairs (e.g., EURUSD, GBPUSD, AUDUSD): 1️⃣ Inverse relationship: A strengthening DXY indicates that the USD is gaining strength against the basket of currencies, leading to weaker USD currency pairs. 2️⃣ Positive correlation: Conversely, a weakening DXY suggests that the USD is losing strength against the basket, resulting in stronger USD currency pairs. 2.JPY Currency Pairs (e.g., USDJPY, EURJPY, AUDJPY): The relationship between the DXY and JPY pairs is not as direct as with USD pairs, but there may still be some correlation due to the impact of the USD on overall market sentiment. For example, a stronger DXY might prompt investors to seek safe-haven assets like the Japanese yen, potentially strengthening the JPY pairs. 🛡️➡️💹 🥇Gold Price: 1️⃣ Inverse relationship: Gold is often considered a safe-haven asset, and it typically moves in the opposite direction of the USD. A stronger DXY indicates a stronger USD, making gold more expensive for holders of other currencies. Consequently, this can lead to a decrease in gold demand and a potential decline in gold prices. 📉➡️🏅 2️⃣ Positive correlation with JPY pairs: As mentioned earlier, JPY pairs may exhibit some correlation with the DXY due to risk sentiment. If the DXY strengthens, investors may seek safe-haven assets like the Japanese yen, potentially exerting upward pressure on gold prices as well. 💹➡️🏅 It is essential to keep in mind that correlations can change over time, and other factors beyond the DXY can influence assets such as US30 and XTIUSD (Crude Oil). As professional traders, always consider multiple factors and stay updated with current information to make informed decisions. 🧠🔄 Continuous learning and research are crucial to enhance your understanding and excel in trading. Happy trading! 📚🌟 #DXY #MarketAnalysis #FinancialEducation
TVC:DXYShort
by Moon_SmartMoney
4
Dow Jones/US30 SHORT/SELL The Dow Jones /US30 is currently experiencing a test of new highs as the ongoing rally continues. Yesterday's market performance was robust, with a significant number of index components showing upward movement. Notably, the RSI on the 4-hour chart has now entered into overbought territory. Furthermore, the RSI on the daily chart also reached overbought levels yesterday, suggesting an increased likelihood of a potential pullback to retest the 4-hour, 8-hour, or daily demand zone. Such a pullback would serve to collect liquidity and fill the imbalance below. Given this scenario, the Dow Jones may exhibit heightened sensitivity to the upcoming Federal Reserve decision. As a professional trader, it is of utmost importance to diligently monitor market conditions and respond appropriately to manage potential risks and capitalize on opportunities.
BLACKBULL:US30Short
by Moon_SmartMoney
2
GOLD/ XAUUSD UP DOWN UPPPP DOWNNNNN🔰 Pair Name : XAU/USD 🔰 Time Frame : 4HOUR 🔰 Scale Type : LONG SCALE 🔰 Direction: BUY SELL BUYYYY SELLLLL 📈 Technical Analysis: Gold Eyeing Critical Levels and Potential Downside Targets 📉 🔍 Chart: 4H timeframe 💎 Gold has reached a key Fibonacci level of 61.8% at the $1,912-$1,900 range! 📊 The past two weeks witnessed a bullish surge, propelling gold to retest the 23.6% Fibonacci level and fill the market imbalance created by months of selling. 🚀 🦀 Additionally, the completion of the CD leg of a smaller bearish crab pattern adds more weight to the current scenario. Now, we find ourselves at a pivotal moment, as the bullish price action reached the 50% Fibonacci level, leaving behind a massive imbalance area below! 😲 💪 Gold has just breached the daily demand zone, smashing through the 4H demand zone within it! 🚀 Our analysis suggests that gold might be collecting the last bit of liquidity above, specifically around the key high of $1,969 on both the daily and 4H charts. 🌊 ⚡️ Brace yourself for a potential drop towards the imbalance zone below, followed by a retest of the 4H demand zone. From there, the stage could be set for another retest of the 23.6% Fibonacci zone above! 📈 🔍 Looking ahead, keep an eye on the Fib level 0.786 at the $1,866 area! This zone serves as a juicy target for gold, aligning with the first target of the larger bearish crab pattern, around the $1,860 area. 💰 💥 Fundamental Analysis: Bearish Factors Impacting Gold 💥 📉 Gold prices have been on a relentless decline since July 6, marked by Engulfing Bearish Deliberation candlestick patterns. The invalidated Bull Flag formation on the 4H chart and approaching pressure points at $1,962.80 - $1,966.80 indicate a bearish sentiment. 📉 💰 To anticipate a significant correction, we must closely monitor the US Dollar Index (DX) and its momentum! A positive breakthrough of the medium-term resistance zone, previously support, on the weekly chart could trigger a substantial decline in gold prices that would be difficult to stop. 📉 💡 Conclusion: Get Ready for Exciting Moves in Gold! 💡 ⚠️ Gold is at a critical juncture, presenting both technical and fundamental bearish signals. Stay alert as gold targets the imbalance zone below and potential downside targets at the 0.786 Fibonacci level! 🚀 🔒 Stay tuned and be prepared to take advantage of the next big moves in the gold market! Happy trading! 📈💰
TVC:GOLDShort
by Moon_SmartMoney
EURCAD SHORT/SELL 🔰 Pair Name : EUR/CAD 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/SELL 📈 EURCAD Technical Analysis Update 📉 Greetings, fellow traders! 🤝 Today, we delve into the technical aspects of EURCAD on the TradingView chart. Over the past year, EURCAD has been maintaining a monthly uptrend since July 2022. However, starting from April 2023, the pair reached its 5th wave high and has since been exhibiting signs of a shift towards the downside. Notably, during the period between mid-June and mid-July, EURCAD successfully retested the 23.6% Fibonacci level following a robust daily breakout, creating a notable market imbalance below. At the onset of this week, the price demonstrated fresh key highs and formed two compelling daily bearish pin bars after filling approximately 50% of the market imbalance above. In our professional assessment, it is highly likely that the price will embark on a downward journey to retest the market imbalance left below, aiming to reach the 1.442 level. This move could potentially lead to a decisive breakout of the current uptrend channel. Our vision for EURCAD entails a minimum target of 1.442, followed by 1.43242, as it progresses through the selling liquidity collection phase. Keep a vigilant watch on the evolving price action, and may the markets favor your trading endeavors! 🌟 #EURCAD #TechnicalAnalysis #ForexTradingView
Long
by Moon_SmartMoney
EURUSD SHORT/ SELL🔰 Pair Name : EUR/USD 🔰 Time Frame : 1H/4H 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/SEL Last week, the Eurusd market experienced a notable imbalance, largely influenced by the weakening dollar strength. At present, we're witnessing a decline in buying strength, evident from the low buying momentum and the price hovering around 1.12488, signaling a possible accumulation phase for selling. This morning, there was a spike up, likely triggered by institutional attempts to grab last-minute liquidity before potential shifts in the market. Based on our analysis, we anticipate the market to seek equilibrium around the 1.1038 area, where it may consolidate and gather buying liquidity from the 4-hour timeframe before potentially resuming its upward movement. As professional traders, we must remain vigilant and carefully assess these market dynamics to seize future trading opportunities effectively. Let's closely monitor the developments and make well-informed decisions accordingly.
Long
by Moon_SmartMoney
USDJPY LONG/BUY🔰 Pair Name : USD/JPY 🔰 Time Frame : DAILY 🔰 Scale Type : MID Scale 🔰 Direction : LONG/ BUY USD/JPY is currently showing slight losses, hovering around 138.60, as traders search for fresh signals at the beginning of the European session on Monday. The Yen pair is retracing its corrective bounce from the previous day, where it rebounded from its mid-May lows. Notably, the failure to sustain the corrective bounce beyond the immediate resistance at 139.35, formed by a previous support line dating back to late March, indicates the presence of USD/JPY sellers. 🔍 Key Support and Resistance Levels: Support: 137.80 (early May peak), 137.40 (50% Fibonacci retracement), 135.50 (61.8% Fibonacci retracement) Resistance: 139.35 (immediate resistance), 140.00 (psychological level), 141.50 (confluence of 200-SMA and 23.6% Fibonacci retracement) However, there are factors that could challenge further downside momentum. The 50% Fibonacci retracement level at 137.40, coupled with bullish MACD signals and the nearly oversold RSI (14) line, might lead to a pause in the selling pressure. Looking back at the past week, USD/JPY experienced significant market imbalance, raising the anticipation of a correction in dollar strength. This correction is expected to facilitate the market's rebalancing process by filling the existing imbalance and collecting selling liquidity above. As professional traders, we are closely monitoring these developments for potential trading opportunities. Being vigilant and ready to act in response to price action signals is crucial during this period of potential correction and rebalancing.
Long
by Moon_SmartMoney
USDCHF LONG /BUY🔰 Pair Name : USD/CHF 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : LONG/BUY Today, the US Dollar exhibited marginal strength against the Australian and New Zealand Dollars, while facing weakness against the Japanese Yen and Swiss Franc as investors adopted a risk-off approach. The currency movements can be attributed to disappointing data from China, which revealed an overall softening of the economy, with a year-on-year growth rate of 6.3% in the second quarter. This figure fell short of the previous quarter's forecasts of 7.3% and 4.5%. Specifically, retail sales grew by 3.1% year-on-year until the end of June, slightly below the estimated 3.2% and significantly lower than the 12.7% recorded in May. Despite the mixed data, there were some encouraging signs in the Chinese economy. Industrial production expanded by 4.4% year-on-year until the end of June, surpassing expectations of 2.7% and the previous figure of 3.5%. Additionally, fixed asset investment outperformed expectations, growing by 3.8% over the January to June period, compared to the anticipated 3.5%. In the Asian-Pacific markets, China's CSI 300 equity index experienced a decline of more than 1%, while other APAC markets had a subdued start to the trading week. Tokyo remained closed for a holiday, and markets in Hong Kong and Taiwan were impacted by typhoon Talim. Futures indicate a slightly negative start to the Wall Street cash session. Meanwhile, G-20 Finance Ministers and central bankers gathered in India today for their meeting. While this event is expected to generate numerous headlines, it's worth noting that no speeches from Federal Reserve speakers are scheduled, as they have entered a communications blackout in preparation for the Federal Open Market Committee (FOMC) meeting on July 26th. The market has already priced in a 25 basis point lift at the conclave. In the commodities market, crude oil slipped before Monday's session, with both WTI and Brent futures contracts down approximately 1%. On the other hand, gold maintained relative stability, trading near the middle of its range, just above the USD 1950 level. In the European markets, several central bank voting members, including President Christine Lagarde, will deliver speeches today, potentially influencing market sentiment. Regarding the DXY (USD) index, it reached a 15-month low on Friday, breaking below prior support levels in the 100.80 – 101.00 range. This area could now act as a breakpoint resistance zone, with another resistance point anticipated at 101.92, followed by the peak of 103.57. The recent sell-off caused the DXY to breach below the lower band of the 21-day simple moving average (SMA) based Bollinger Band. A close back inside the band might indicate a potential pause in the bearish trend or signal a potential reversal. Looking back at last Friday's trading, the DXY recorded a low of 99.58, just above the April 2022 low of 99.57. These levels may provide support ahead of a potential break point at 99.42. It's worth noting that the USD/CHF pair appears to have landed on the 4-hour/daily demand zone, positioned at the bottom of the downward channel, suggesting a significant market imbalance. This imbalance indicates a need for correction to rebalance the market with more selling positions. If the market continues to decline, we may expect further downward movement after the correction, filling up the imbalance above. As traders, we should closely monitor these developments to capitalize on potential trading opportunities.
Long
by Moon_SmartMoney
#BTC 🟢 M15. Long. (#BITCOIN)Range H4, within which the price has been moving stubbornly for more than three weeks. After the enchanting liquidation of all longists by one hourly candle (who expected continued growth above 31K), an imbalance formed at the lower boundary of the H4 range, which I decided to take into work. But he predicted the development of events for Monday, when all markets will be active and volumes will come in. The long-awaited entry point, I did not expect that there would be an activation on the weekend, but it happened :) M15 unbalance test, and instantly backlash like a spring to the first target. The entry point is excellent, the price movement potentials are good. I will close the targets within the H4 range and a little higher, at the unclosed potential of the previous H4 range (31744) Another target as an experiment (additional order) is 34400. Since something tells me that this will be the last long in our current H4 range, after which the price will break through it and fly to test the resistance of D1. The price has gone under the First Buyer of stock options very much. (and this is currently 31500) The buy price is below the market opening price. (✔️) The purchase price is at the lower boundary of the H4 range. (✔️) The purchase price is below the volume bearish candle. (✔️) M15 Unbalance at the lower limit of the range H4. (✔️) entry point: 30160 (on imbalance test) stop: 29971 tp1: 30345 tp2: 30724 tp3: 31121 tp4: 31744 tp5: 34400
BITSTAMP:BTCUSDLong
by TrEKone
GF Short Sell to BuyHigher high created on the weekly that price is currently retracing. I have labeled 50% of the weekly buy and the 78% OTE level. The weekly 50% level is like a magnet so I’m expecting price to buy up to the weekly 50% and then continue selling to complete the weekly retracement for buys at or around the 78% level. The weekly 50% is also at the exact level that caused the daily structure break. 4hr shows another BOS for the buy but I don’t expect price to go higher than the weekly 50% just yet. My buy entry is 50% of the daily FVG and stop loss is just below the 4h FVG, 30 pips. RR = 1:7, TP 1.1436 as a safe exit as I do believe that price can trade higher. Good luck!
by AlishaRenay
2
GOLD/XAUUSD BUY AND THEN SELL or BUY?🔰 Pair Name : XAU/USD 🔰 Time Frame : 1 HOUR 🔰 Scale Type : MID SCALE 🔰 Direction: BUY THEN SELL During the US 4th of July bank holiday, Gold experienced minimal price movement. On Monday, the price reached $1930.76, which corresponds to the Fibonacci level, and then spent the following two days retesting the 78.6% Fibonacci level within the range of $1922.64. If you are uncertain about trading within channels, it may be beneficial to analyze demand and supply zones, as well as Fibonacci tools. Currently, Gold exhibits a robust bullish momentum towards the Fibonacci level at $1938.99, precisely aligned with its recent one-hour key high. With the imminent release of the FOMC minutes later today, we expect the Gold price to continue rising towards the $1938.99 area, representing the Fibonacci extension level of 121.7%. However, there is a possibility of a false breakout occurring at the key high level, leading to the extraction of remaining liquidity that has accumulated over the past week and a half. Subsequently, we may witness a decline towards at least $1930.76, followed by $1926.43 at the Fibonacci levels of 100% and 88.6% respectively. Depending on market conditions, there is a chance that the price may either drop further to $1892 or rise to the Fibonacci extension level of 161.8% to address the significant market imbalance between the $1939 to $1950 range. The subsequent price action will heavily depend on the outcome of the FOMC meeting tonight and any significant news announcements expected tomorrow. We recommend staying updated with our team's insights and analysis.
TVC:GOLDLong
by Moon_SmartMoney
1
GOLD/ XAUUSD LONG/ BUY🔰 Pair Name : XAU/USD 🔰 Time Frame : 4HOUR 🔰 Scale Type : MID SCALE 🔰 Direction: BUY In our latest analysis, we have observed a significant market imbalance, indicating that Gold is poised to retrace and fill the imbalance area. Notably, a distinct order block has materialized on the daily chart. It is worth mentioning that institutional orders have entered the market, evident from the formation of a clear inverted head and shoulders pattern just above the Daily Buy order block. This price action coincides with the release of the Friday NFP news. Traders who may have missed the opportunity to enter the market at the order block can now exercise patience and monitor the 4-hour chart for a potential breakout above the neck line. Once the breakout occurs, it is advisable to wait for a retest of the breakout level before initiating a buy position. Our target price is set at the $1950 area, which corresponds to the location of the last unfilled imbalance. In our opinion should NOT be lower than 1912 area.
TVC:GOLDLong
by Moon_SmartMoney
My GBPUSD Buy Setup For Next WeekCheck out this Buy setup for GBPUSD projection for next week move. FOREXCOM:GBPUSD Thoughts Process Behind the Setup: Weekly Time Frame: Bullish plus FVG and bearish order block above price serving as a draw on liquidity. Also, price already retraced to fill the FVG below price. Which means price is now ready to push higher to fill the FVG above. Daily Frame: Price bouncing off daily bullish order block to fill an imbalance. The only setback on daily for now is the bearish order block where price is currently at. 2HR: Price took out sellside liquidity and dropped further into the weekly FVG and then created a shift in market structure leaving a clear FVG behind. Entry: I used my FIB to locate OTE around the FVG which is where i will be placing my limit order for entry. What do you see on your own chart?
Long
by Elijahenoch7
6