Get started

Innercircletrader

EU - 11JulBe sure to see my previous post If you see it, you will understand that I see the trend as bullish But I said that every day is not going to be bullish to reach the buyside So, if we look at the daily chart, after the price has reached the high of the previous week and two weeks ago, it can have a short fall (to correct the price). Of course, there are still 6 hours left until the end of today's candle to make this FVG for us But I'm posting this to say don't be surprised if the price is bearish tomorrow
Short
by mohammadsamiei
DXY Weekly Forecast | 29th May 2023Fundamental Backdrop The CB Consumer Confidence, JOLTS Job Openings, Non-Farm Employment Change are expected to drop. The Unemployment Rate is also expected to increase. These news events will cause the DXY to weaken. Technical Confluences Near-term resistance level at 104.800 Near-term support level at 103.800 Next support at 103.200 Idea On the Daily chart, could see price retest the 103.800 support level. A break below that support could see price continue heading towards the next support level at 103.200. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYShort
by OlympusLab
AUDUSD Sell Forecast | 18th May 2023Fundamental Backdrop Employment Change dropped from 61.1K to -4.3k, far worst than the forecast of 24.8K. This shows that consumer spending has decreased leading to overall economic activity dropping. Unemployment Rate increased from 3.5% to 3.7%, which shows overall economic health has weakened significantly Technical Confluences Near-term support at 0.66350 Next support at 0.65850 Idea We could see the AUD drop towards the 0.65850 major support level by the end of the week. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
GBPUSD Sell Forecast | BOC Gov Macklem Speaks| 18th May 2023Fundamental Backdrop BOC Gov Macklem Spoke yesterday Higher-than-expected inflation erodes purchasing power Uncertainty in the outlook for inflation creates instability and affect the currency's value. External factors such as Russia's war on Ukraine and disruptions in food prices put pressure on the GBP. Technical Confluences Support at 1.24500 Next support at 1.23500 Idea With the fundamentals weaking the GBP, I'm expecting price to break the support at 1.24500, before heading towards the next support at 1.23500 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
AUDUSD Sell Forecast | 17th May 2023Fundamental Backdrop Wage Price Index q/q maintained at 0.8% which shows that consumer inflation maintaining could lead the Central Bank to pause interest rates. Tomorrow's employment Change is expected to drop by half and the Unemployment Rate is expected to remain the same, indicating a weakening economy. Technical Confluences Near-term support at 0.66350 Next support at 0.65850 Idea We could see the AUD drop towards the 0.65850 major support level by the end of the week. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
DXY Long Forecast | 16th May 2023Fundamental Backdrop The Core Retail Sales m/m increased from -0.5% to 0.4% It shows that consumer spending has increased, leading to higher overall economic activity Technical Confluences Near term resistance at 102.800 Next resistance at 103.500 Idea With the DXY expected the strengthen in the short term, we could see price head towards the 103.500 level. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYLong
by OlympusLab
USDCAD Buy Forecast | 16th May 2023Fundamental Backdrop The Trimmed CPI y/y dropped from 4.4% to 4.2%, which shows that inflation is dropping. This could lead the central bank to lower interest rates Technical Confluences Resistance at 1.35200 Support at 1.34100 Idea With the CAD expecting to weaken, I'm looking for price to possibly head back up to retest the resistance at 1.35200 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
GBPUSD Sell Forecast | 16th May 2023Fundamental Backdrop The Claimant Count Change increased from 26.5K to 46.7K This shows that the number of unemployed people has increased, indicating the weakening economic health Technical Confluences Support at 1.24500 Idea With the fundamentals weaking the GBP, I'm expecting price to head towards the support at 1.24500 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
AUDUSD Weekly Forecast | 15th May 2023Fundamental Backdrop Inflation Expectations for NZD dropped from 3.30% to 2.79% q/q, causing AUD to drop from 0.68 to 0.668 last week. Wage Price Index q/q is expected to increase from 0.8% to 0.9% this week, which could lead to a stronger AUD. Employment Change is expected to drop by half and the Unemployment Rate is expected to remain the same, indicating a weakening economy. Technical Confluences Near-term support at 0.66350 Next support at 0.65850 Idea We could see the AUD drop towards the 0.65850 major support level by the end of the week. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
1
AUDUSD Potential Long Forecast | 8th May 2023Fundamental Backdrop 1. Last week the AUD increased its Cash Rate from 3.60% to 3.85%. 2. It signals to the market that the economy is performing well and that inflation is likely to rise. 3. This can increase demand for Australian assets, such as bonds and equities, which in turn can lead to an increase in demand for the Australian dollar. Technical Confluences 1. Near-term resistance at 0.67850 2. Next resistance at 0.68500 Idea With the demand for AUD in place and the DXY set to further weaken, we could see price head towards the resistance at 0.67850. A break above 0.68100, could see price head towards the next resistance at 0.68500. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
NZDUSD Potential Long Forecast | 3rd March 2023Fundamental Backdrop 1. Employment Change q/q which is a leading indicator of consumer spending increased from 0.5% to 0.8%. This shows that overall economic activity has increased. 2. Unemployment Rate maintained at 3.4% instead of the forecast of 3.5%. This shows that the overall economic health is stabilizing. Technical Confluences 1. Next resistance at 0.62750 2. Support at 0.61800 Idea Looking for price to continue bullish and head towards the next resistance at 0.62750 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
EXPLAINED: A Bearish Fair Value Gap (FVG) - Smart Money ConceptsA Bearish Fair Value Gap is a 3 candle structure with a DOWN impulse candle (2nd) that indicates and creates an imbalance or an inefficiency in the market. WHAT DO THE IMBALANCES TELL US? These imbalances tell us that the buying and selling is not equal. Now the market needs to rebalance (move at least to 50% of the fair value gap to fill) to make up for the imbalance and rebalance. For this to happen we need to see orders filled in the prices of the candle with the FVG. HOW A BEARISH FAIR VALUE GAP IS CONSTRUCTED: 1st Candle Draw a horizontal line from the bottom of the wick. 3rd Candle Draw a horizontal line from the top of the wick 2nd Candle Draw a BOX between the bottom and the top and pull it over to see the FVG range. BETWEEN CANDLE 1 and CANDLE 3: Do NOT show common prices. They do NOT touch where the lower & the upper wicks do NOT overlap. With a Bearish FVG we can expect the market price to move UP. HOW MUCH? I believe a Bearish FVG needs to close at least 50%. So you can drag a Gann Box or a Fib retracement (take out all the other levels except 50%). Wait for the price to close and fill the prices and boom - Your Bearish Fair Value Gap has been filled. SO WHAT? When you see a Bearish Fair Value Gap, you can expect the price to move up. So you can place your stop loss below the downtrend. You can place your entry where it shows upside is imminent to close the gap. You can place your take profit above the 50% of the formation, as you expect the price to close. But also, we use other confirmation signals with the Bearish Fair Value Gap. Let me know if you have any other SMC (Smart Money Concepts) Questions.
TVC:SA40Education
by Timonrosso
GBPUSD CPI Long Forecast | 19th April 2023Fundamental Backdrop 1. The CPI y/y was better than forecasted 10.1% VS 9.8% 2. A lower inflation rate, both on an annual and monthly basis, is generally perceived as positive for the currency because it indicates a stable economy with controlled prices, making it attractive for foreign investment. Technical Confluences 1. Near-term resistance at 1.25000 2. Next resistance at 1.26350 Idea With a strong bullish outlook for GBP, we are looking for price to head towards the near-term resistance at 1.25000. A break above 1.25400, could bring price towards the next resistance at 1.26350 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
CHFJPY Heading up to 160.72 based on a Cup of TCup and Handle formed recently with CHF/JPY. The price broke above the brim level, and is showing strong momentum up. Other indicators confirm. 7>21>200 RSI>50 Target 160.72 SMC: Sell Side Liquidity order block is below the Handle of the Cup and Handle. A little concern is that there is BUY side Liqudity (Shooting Star) as of today and yesterday. This means, we could see the market come down a blip before it turns up again. It will give us a conservative entry point for those who aren't long or are long and want to pick up with their position even more.
Long
by Timonrosso
3
GBPUSD Claimant Count Change | 18th April 2023Fundamental Backdrop 1. UK employment rate increased by 0.2% which indicates a growing workforce and potential for increased economic output. 2. Payrolled employees increased by 31,000 in March 2023, indicating that businesses are hiring and expanding their operations. 3. Unemployment only increased by 0.1 percentage points to 3.8% in December 2022 to February 2023, indicating a relatively stable job market. 4. Economic inactivity decreased by 0.4 percentage points to 21.1% in December 2022 to February 2023, which suggests that more people are entering the workforce and contributing to the economy. 5. Growth in average total pay and regular pay is strong, with the private sector seeing particularly high growth rates in December 2022 to February 2023, indicating that workers are being well-compensated and able to contribute to the economy. Technical Confluences 1. Near-term resistance at 1.25000 2. Next resistance at 1.26350 Idea With a strong bullish outlook for GBP, we are looking for price to head towards the near-term resistance at 1.25000. A break above 1.25400, could bring price towards the next resistance at 1.26350 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
DXY Weekly Forecast | 17th April 2023Fundamental Backdrop 1. The Empire State Manufacturing Index which is a leading indicator of economic health, is expecting to improve significantly from -24.6 to -17.7, we could see the DXY rise back up toward the 102 resistance level. 2. With the Unemployment Claims expecting to have almost no change, which could see the overall economic health stabalizing. 3. Other important news events at the end of the week such as the Flash Manufacturing PMI & Flash Services PMI, are both expected to drop which could cause significant volatility in the markets. 4. However on Friday, the FOMC raised its target range for the federal funds rate to 4.75 to 5 percent, which caused the DXY to rise back up towards the 101.600 level. 5. The DXY is expected to fluctuate between the 101 and 103 level this week. Technical Confluences 1. Near-term resistance at 102 2. Next resistance at 103 Idea Due to the FOMC bullish news last Friday, we could see the DXY head towards the 102 resistance level. If price manages to break above 102.200, we could see price head towards the next key 103 resistance. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYLong
by OlympusLab
AUDUSD Weekly Forecast| 17th April 2023Fundamental Backdrop 1. Last week, the Employment Change was better than expected which shows that consumer spending have improved. 2. The Unemployment Rate maintained at 3.5% which shows the economic health is stabilizing. 3. These news events caused the AUD to rise towards 0.68 key resistance level before dropping back down to 0.67 by the end of the week due to the significant bullish FOMC news event which caused the DXY to strengthen. 4. This week we have the NZD CPI q/q which is expected to improved. NZD news events closely affects the AUD. This shows that inflation is rising and could lead the central bank to raise interest rates. We could see the AUD retest the 0.68 resistance level. Technical Confluences 1. Near-term support at 0.66740 2. Resistance at 0.67850 Idea The sentiments for AUD this week is relatively bullish. We could see price retest the near-term support at 0.66740, before heading towards the resistance at 0.67850 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab