Daily pulling back on EUWe had a Change of Character on the daily timeframe signaling a pullback. This will be good to look for shorts on the 4H. If we get a Change of Character to the upside after at least pulling back 50% there is a very high chance of continuing bullish and targeting the Daily high so long as we don't go below the Daily strong low
Longtermtrading
Long EURUSD - Steady UptrendThe EURUSD is showing a steady uptrend which is amazing for the long trade. There are good entry at the recent resistance level of 1.099 and good fundamentals behind the EUR strength against the USD. Also, this is a trend that appears to be able to continue for months ahead.
Gold leads inflation by 20 yearsBank run crisis causes the current Fed fund rate to trade higher than the rest of the bond yields, what is its implication?
As US CPI remain high, global equities will continue to be uncertain this year. Investors are now turning their attention to precious metals.
Gold has started to move up since year 2000, it has appreciated more than 700%. However, the inflation and interest rates was stagnated the last 20 years.
What's happening?
Because in those years, I classified it as "Borrowed Time"
A need for easy money policy by:
1) Increasing the money supply
2) Lowering interest rates
Good times may be over, but I am seeing opportunities in the other set of assets - commodities.
For traders -
3 types of gold for trading:
• COMEX Gold
0.10 per troy ounce = $10.00
• E-mini Gold
0.25 per troy ounce = $12.50
• Micro Gold
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
GOOGL Long Term AnalysisNASDAQ:GOOGL Hi guys,
So this is my analysis for GOOGL . Please bear in mind that this is a long term analysis and it could take time to play out.
As you can see GOOGL was in a clear Uptrend (Higher Highs, Higher Lows). We created ATH in November 2021 and since then price tried to break that level in January 2022 but that attempt to break it was not successful.
We created Lower High and finally in April 2022 trendline indicating uptrend was broken. Since then as you can see, price is creating Lower Highs and Lower Lows indicating we are in Downtrend.
Possible reversal zones are Monthly Fibonacci Levels and Historical Demand Zones (where people are BUYING this stock). So that is a pretty nice alignment if you ask me and this are the zones I will be looking to place some buys if we reach them.
For GOOGL to go up we need to break previous Lower High and of course a Downtrend Trendline as you can see on the chart. However, this can happen even now if this Lower Low holds and we start creating Higher Highs and Higher Lows to indicate return of the BUYERS and potential Uptrend, then we just follow the break of each Lower High from the past and that is exactly the point where you can consider taking some profit as these are the points where price is likely to make a pullback.
This is not a financial advice :)
Trade safe
BTC : Bitcoin Disaster Coming 5500$ BINANCE:BTCUSDT
Hi , Trader's .. Like Games of throne , we all waited for dead's to come
Same like in bitcoin , worst is coming , as per strong technical analysis of 1 week
Bitcoin is targeting weekly support level which at 5500$ area .
Billion's of dollar will be erased from market if this happen
Millionaire become zero , billionaire's holding btc loss alot
i Hope this won't happen but that's what chart showing
GOLD : Benefits of Investing in GoldOANDA:XAUUSD
Gold has been an inconsistent inflation hedge, but there may still be benefits to holding a small amount of the yellow metal in your portfolio. Gold has historically had a low or even negative correlation to both stocks and bonds, suggesting it offers value as a tool of diversification.
Gold prices held up pretty well during the Covid-19 pandemic market sell-off in early 2020, for example. From Feb. 1 to April 1 in 2020, the S&P 500 declined 23% while the price of gold dropped less than 0.1%.
Demand for gold from investors, central banks, jewelers and tech companies is also growing. According to the World Gold Council, global gold demand increased 12% year over year to 2.189 tons in the first half of 2022.
Depending on your individual goals, there are several easy ways to invest in gold. Investors can buy gold bullion, physical bars or coins that can be kept in a safe or bank.
You can also buy physical gold exchange-traded funds (ETFs) that hold gold bullion on investors’ behalf. The most popular gold ETF is SPDR Gold Shares (GLD).
Investors looking to speculate in the gold market can trade gold futures contracts. These contracts provide significant leverage, allowing investors to control large quantities of gold with a relatively small amount of money.
Finally, investors can buy shares of individual gold stocks or a gold mining ETF. The VanEck Gold Miners ETF (GDX) holds a diversified basket of 54 gold-related stocks, including Newmont Corp. (NEM), Barrick Gold Corp. (GOLD) and Franco-Nevada Corp. (FNV).
Conclusion : GOLD IS SAFE HEAVEN TO INVEST IN IT .
WORST IS OVER FOR INDIAN IT SECTOR As we can see that given chart the IT sector as form very good base , with bull sash candlestick pattern on last month low with fibonacci retracemet also at that same level suggest how important that level is for price.
Bull sash is very pwerful bottom forming candlestick pattern with high success rate.
As last week was bearish but this week price gapup plus give closing above previous week high.
I suggest to buy top it sectors stock with IT Bees as it is good to accumlate the stock for longterm perspective
DXY Investment Plan - 1/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect DXY to go Down after finishing the current correction in LTF.
Look for your SELL setups.
Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
AUDCAD Investment Plan - 30/Dec/2022Hello Traders,
Hope you all are doing good!!
I expect AUDCAD to go Down after finishing the current correction in LTF.
Look for your SELL setups.
Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea