10 daily outlooks. D2Will analyse markets and possible entries every day for 10 days. Send your pairs or questions
☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
Outlook
10 daily outlooks. D1Will analyse markets and possible entries every day for 10 days. Send your pairs or questions
☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
💡January 22-26 WEEKLY OUTLOOK💡☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment.
EURUSD Outlook - New Year New ChallengesLooking at the overall I see a major level around the 1.094s, with 1.096 being most likely as the EURUSD tends to favor that particular pip area in each major price mark (*.***6**). This looks like a "Shelf" area of support where a lot of buying took place before.
Seeking Long out of the 1.09s but in the meantime looking for a liquidity run short into the long, with the shorts playing out possibly early in the week with the turning point and rally on NFP release.
Using a funded account to make trades with, currently this account is part of a 5k Challenge, 2 phase evaluation. This is the starting trades.
Opening trade is placed and active with long 0.04 at 1.10212, stop on 1.09960, targeting the short entry of 0.04 at 1.10658, having the stop at 1.10910.
Should the short fail from there, a second, larger size of 0.06 is waiting with a limit sell from 1.11211, stopping at 1.11510. Short targets are set for 1.096, just shy of the predicted long entry to be on the safe side.
Long and overall Post NFP looking for an entry around 1.0947, stopping under 1.09164, and Intend to use a .04 or .05, though that will depend on the outcome of the first few sets in the range of trades up to this point, hit or miss.
NIFTYBANK WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
ETH Forecasting (2023-2035)Ether is going to have a triple halving and many people forget just how bullish this is for the ecosystem as a whole. The SEC has given ETH many free passes and if theyre able to escape regulation, then it will result in massive price appreciation.
ETH topped out at nearly $5000 per share and with more adoption from retail, ETH should see new levels of over 5 figures per share.
This would be huge for the globe because it shows the world how supply, utility, and decentralization works. I am worried about ETH and their management of gas frees.
Vitalik stated in a video that the #1 Blockchain should be this expensive, I agree but where I disagree is that they're scaling so quickly while theres other chains really raising the odds at competing with ETH such as HBAR.
ETH could have discussions and slander for centralization, but for this bullrun ETHER will continue to be a top 2 asset and a top mover.
GBP/USD - A BEARISH OUTLOOK
GBP/USD Fundamental and Technical Analysis for 28 September 2023
Subtitle: GBP/USD remains under pressure as the US dollar continues to strengthen against a basket of major currencies. Technical indicators on the 30-minute, 4-hour, and daily charts suggest that further downside is likely in the near term.
Fundamental Analysis:
The British pound has been under pressure in recent weeks due to a number of factors, including:
Rising inflation: Inflation in the UK hit a 40-year high of 10.1% in July 2023, putting further pressure on household budgets and businesses.
Weak economic growth: The UK economy is expected to grow by just 0.5% in 2023, according to the IMF, which is the slowest pace of growth among the G7 economies.
Political uncertainty: The UK is currently facing a number of political challenges, including the ongoing war in Ukraine, the cost of living crisis, and the ongoing negotiations over the Northern Ireland Protocol.
Technical Analysis:
On the 30-minute chart, GBP/USD is trading below both its 50- and 100-period moving averages, which is a bearish sign. The RSI indicator is also below 50, suggesting that the pair is oversold. However, the MACD indicator is crossing below its signal line, which is a bearish signal.
On the 4-hour chart, GBP/USD is trading below a descending trendline. The pair is also below its 50- and 100-period moving averages. The RSI indicator is below 50, and the MACD indicator is crossing below its signal line.
On the daily chart, GBP/USD is trading below a descending triangle pattern. The pair is also below its 50- and 100-period moving averages. The RSI indicator is below 50, and the MACD indicator is crossing below its signal line.
Overall, the technical indicators on all three timeframes suggest that GBP/USD is likely to continue to decline in the near term.
Conclusion:
GBP/USD remains under pressure due to a number of fundamental factors, and the technical indicators on all three timeframes suggest that further downside is likely in the near term. Traders should be cautious going long on GBP/USD at this time.
I hope this post is helpful.
This analysis represents is based on the information at the date it is posted.
This analysis does not represent professional and/or financial advice.
You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
Any feedback is encouraged and appreciated. Thank you and have a nice day!
EURUSD SHORT!! EYES ON DATA!What we see on the EU is quite clear,
So we expect price to have bearish move in higher time-frame, in lower time frame we can collect some orders just above then we start out bearish move,
I do not believe we break 1.08464,
This week is challenging week for EU as we have different data coming in euro-zone,
SO you have to be careful of the data and you have to study them properly then imply them on the chart,
For now we are above important demand zone we expect to collect more liquidity from above to have a strong bearish move,
Personally waiting for London Session to open then decide and see how it goes,
Any question comment me bellow!
@FxShzd team
XAUUSD: Gold Price Forecast!XAU/USD holds steady above 1,920 level, not out of the woods yet
The Federal Reserve (Fed) has indicated that interest rates may still need to increase by up to 50 basis points by the end of this year. Furthermore, Fed Chair Jerome Powell, in his recent two-day testimony before Congress, stated that the US central bank does not foresee any rate cuts in the near future. The Fed will wait until it is confident that inflation is trending towards the 2% target before making any changes. As a result, the focus will be on the release of the US Personal Consumption Expenditures (PCE) Price Index, which is the Fed's preferred measure of inflation, on Friday. This release could impact expectations regarding the next policy decision.
Some comments in the unstable market!GBPCAD: Although limiting wage increases should, in theory, help the Bank of England (BoE) tame inflation, such a decision could pave the way for union strikes and put the UK economy in a tougher spot than it already is. Meanwhile, the uncertainty surrounding this issue is likely to cause investors to stay away from Pound Sterling.
GBPJPY: On the Japanese Yen front, soft inflation data has added some pressure. Scrutiny of Japan’s inflation report conveyed that contribution from higher oil prices is fading and domestic demand is contributing effectively. This could be the outcome of higher wages due to consistent monetary stimulus by the BoJ.
EURJPY: The European Central Bank's forum on central banking in Sintra has started, with many central bank officials from around the world in attendance. ECB President Lagarde will speak several times, as will other ECB policymakers, starting on Tuesday. If the ECB wants to send a message to the market this week, it has an opportunity. The most likely scenario is to stick to the current "data-dependent" mantra, signaling another rate hike in July.
NZDCHF: The 4-hour chart highlights a possible Butterfly formation with the next leg being CD to the upside. We have formed a bullish Morning Doji Star pattern at the base. This formation is often seen at the bottom of a trend and the start of a new upside bias.
USD crucial week ahead... 😏Hey Traders! 👋
For Day 32/100 of our challenge, we will take a jab at USD and where it could head to next week
Technicals:
- Last week has been aggressively bearish
- We're now at potential support at 102.2
- Also the 62% fib retracement from swing high
> Can possibly see USD gain some strength on rebound at these levels
> Or at 101 support
BUT: Invalidation Area
- If 101 is breached to the downside, expect further bearish conviction
6/1: Daily Recap, Outlook, and Trading PlanRecap
Over the past few weeks, a pattern has emerged where Thursdays and Fridays see a violent squeeze, followed by a "hangover" state in the first few days of the next week. Both last week and this week so far have followed this pattern. We are currently in the sub-4200 congestion zone after yesterday's dip, having retraced about 60% of last week's rally.
The Markets
🌏 Asia: Mixed
🌍 Europe: Up
🌎 US Index Futures: Up slightly
🛢 Crude Oil: Up slightly
💵 Dollar: Down
🧐 Yields: Down
🔮 Crypto: Down a bit
Trading Plan
💪 4193 - 4185 is support
📈 Next minor is 4212, then 4221
📉 Pullback if 4185 fails is 4167, then 4145
Key Structures
The purple triangle backtest has a support level of 4147 and a resistance level of 4190. Resistance is now around 4221 on the small white channel. A new leg up to break the weekly high would begin if this area could be reclaimed.
Support Levels
4193 (major), 4185-88, 4176, 4167-70, 4160, 4146, 4137, 4125-28, 4112-15, 4099 (major), 4084, 4070-75, 4062, 4048 (major), 4036, 4030 (major)
Resistance Levels
4200-05 (major), 4213, 4221, 4230, 4240-43 (major), 4247, 4263, 4274
Trading Plan
Expect a more complex trading session today, with possibilities for both long and short setups. The 4190 triangle level was reclaimed at around 4194, offering some long exposure opportunities. However, trading in the 4185-90 zone requires skill and a strong real-time sense of action due to its messy and well-tested nature. An alternative is to test around 4185, then spike back up to 4192 for an entry. Potential knife catch long locations include the 4160 and 4146 levels if there is a leg down.
Wrap Up
Yesterday's session was complex and future sessions are likely to follow suit. After the easy trend last week, it's time to be strategic. Focus on reacting, with a loose lean as follows: as long as 4193-85 holds, a push back to 4213 and 4221, followed by another dip, is possible. If 4185 fails, a correction may be needed, possibly down to 4160.
Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decisions.
XAUUSD: Seller's Opportunity!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️
The technical indicators are signaling a potential increase in risk and a decline in earnings, which may worry those who are bullish on the stock market in 2023. As a result, the price of gold may be negatively affected. Additionally, it is important to consider the negative impact that silver's recent outperformance may have. Historically, silver tends to outperform gold before major market downturns occur. With silver having corrected 50% of its 2022 decline, this is a significant sell signal. Overall, there are several indicators that suggest that gold prices may decrease in the future. While seasonal factors may currently be boosting sentiment, it is important to maintain a realistic long-term outlook.
SELL XAUUSD zone 1998 - 2000
Stoploss: 2007
Take profit1: 1990
Take profit2: 1980
Take profit3: 1965
BUY XAUUSD zone 1983 - 1985 (scalping)
Stoploss: 1980
Take profit1: 1990
Take profit2: 2000
Note: Note: Full TP, SL for winning the market and safe trading!
GBPJPY(15min) BREAK AND RETESThello, currently GJ hit a price reversal number structure fib and am hoping for it to push down for a minor structure sell, but that will happen if the major and minor trendline are broken this is minor structure sell mainly for scalpers, only enter if your confluences are aligning accordingly.
JESUS LOVES YOU