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Sellsignal

USDJPY Yearly Structure: OHLC Analysis and Sell Setup**USDJPY Yearly Structure: OHLC Analysis and Sell Setup** The USDJPY yearly structure, based on Open, High, Low, Close (OHLC) analysis, has confirmed a sell signal setup on the monthly timeframe. This indicates a bearish outlook for the entire year of 2024. The market is expected to move downwards until it reaches the first take profit level at 147.152. Key Points to Remember When trading market structure, it's essential to follow these three key points: 1. **Market Structure (OHLC/OLHC)** 2. **Divergence (Bullish/Bearish)** 3. **TDI Cross (Bullish/Bearish)** For a valid signal, all three points must align in the same direction. In the case of USDJPY, all indicators point to a sell. Detailed Analysis 1. **Market Structure**: The current structure is OHLC, which sets the foundation for our analysis. 2. **Divergence**: Bearish divergence started on Monday, October 3, 2022, and continued until the yearly high on Monday, July 1, 2024. This divergence is evident in both candle patterns and the Traders Dynamic Index (TDI). 3. **TDI Cross**: A perfect bearish TDI cross confirms the sell setup. Sellers have entered the market, reinforcing the bearish outlook. Profit Targets - **First Take Profit**: The monthly open at 147.152. - **Second Take Profit**: A further decline to 142.064. Correlation with Gold USDJPY and Gold often correlate inversely; when one goes down, the other tends to go up. This inverse relationship should be considered in your trading strategy. Final Thoughts Patience is key in trading. Ensure all signals align with the trend. If you found this analysis useful, please like, share, and comment.
Short
by ezeepips
Gold price adjusts to DOWN trend ! NEXT WEEK✍️ NOVA hello everyone, Let's comment on gold price next week from 7/22 - 7/26/2024 🔥 World situation: Gold price dropped over 1.50% to around $2,400 on Friday, potentially resulting in nearly 1% weekly loss from its record high of $2,483. The XAU/USD stands at $2,399 after peaking at $2,447. This fluctuation is linked to China's underperforming economy and speculation of Donald Trump's election win strengthening the US Dollar, which is projected to close the week up by 0.26%. 🔥 Identify: Gold price reached a new ATH 2482 this week - an inevitable downward adjustment, the price increase momentum is still very large when the FED is about to cut interest rates and world military tensions are still high. 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2434, $2460, $2482 Support : $2357, $2320 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
15
BREAK 2400 !! GDP factor causes Gold to DOWN⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) prolongs Wednesday's steep decline from the week's high, sustaining intense selling pressure for a second consecutive day on Thursday. This is the fifth negative move in the past six days, pushing the commodity to a two-week low, around the $2,370-2,369 region during the Asian session. Without a new trigger, the drop can be linked to technical selling after breaching the $2,385 support level. This decline may be mitigated by expectations of a dovish Federal Reserve (Fed) stance. ⭐️ Personal comments NOVA: Gold price dropped sharply in the long-term H4 frame - bears prevail, waiting for the nearest support zone $2350 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2350 - $2352 SL $2345 TP1: $2360 TP2: $2370 TP3: $2380 🔥SELL GOLD zone: $2410 - $2412 SL $2417 TP1: $2395 TP2: $2380 TP3: $2370 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
7
USDJPY → Trade Analysis | SELL SetupThe price has fallen under the dynamic support, which now acts as resistance. We expect the decline to continue after testing the lower boundary of the channel. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY 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 🤝
Short
by TheGrove
6
XAU recovers - retests the DOWN trend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The cost of gold (XAU/USD) continues to rise from the overnight rebound near a one-week low, drawing additional buyers for the second consecutive day on Wednesday. This increase is supported by a weaker market sentiment, which typically favors conventional safe-haven assets, pushing the precious metal to a new weekly peak around the $2,415 mark during the Asian trading hours. Additionally, expectations that the Federal Reserve (Fed) will begin reducing interest rates in September further encourage investment in the non-interest-bearing gold. ⭐️ Personal comments NOVA: Recovery from Gold around 2420-2430, retest for more downside ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2385 - $2383 SL $2378 TP1: $2390 TP2: $2395 TP3: $2400 🔥SELL GOLD zone: $2432 - $2434 SL $2439 TP1: $2425 TP2: $2410 TP3: $2390 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
10
$2400 price zone is important support for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) finds it hard to build on its early Asian session gains on Tuesday, though it manages to stay above a one-week plus low hit on Monday. President Biden's decision not to run in 2024 boosts Trump's chances, sparking hopes for less strict regulations. This, combined with surprise rate cuts by China's central bank on Monday, fuels a broadly upbeat market mood, which weighs on the safe-haven metal. The positive risk sentiment acts as a headwind for the precious metal's appeal as a refuge asset. ⭐️ Personal comments NOVA: Gold price is in a downward correction - sideways accumulation around the 2400 area. Wait for inflation data this week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2384 - $2386 SL $2378 TP1: $2392 TP2: $2400 TP3: $2410 🔥SELL GOLD zone: $2431 - $2433 SL $2438 TP1: $2422 TP2: $2410 TP3: $2400 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
4
XAU/USD struggles to hold above $2400⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) gains some positive traction during the Asian session on Monday and for now, seems to have snapped a three-day losing streak to sub-$2,400 levels, or a one-week low touched on Friday. The US political development over the weekend prompts fresh selling around the US Dollar (USD), which, along with bets for an imminent start of the Federal Reserve's (Fed) rate-cutting cycle in September, benefits the precious metal. Apart from this, worries about slowing Chinese economic growth, geopolitical risks stemming from the protracted Russia-Ukraine war and the ongoing conflicts in the Middle East turn out to be another factor lending support to the safe-haven Gold price. The USD, however, lacks follow-through selling as investors await more cues about the Fed's policy path, which, in turn, will determine the next leg of a direcitonal move for the non-yielding yellow metal. ⭐️ Personal comments NOVA: Gold price had a short recovery above the $2400 area at the beginning of Monday week - sideways accumulation around this support area ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2392 - $2390 SL $2385 TP1: $2398 TP2: $2405 TP3: $2410 🔥SELL GOLD zone: $2419 - $2421 SL $2426 TP1: $2410 TP2: $2400 TP3: $2390 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
3