"AUDUSD 15 MIN"📍 In the EURUSD currency pair, we can pursue a sell trade with a predetermined stop-loss and take-profit. 🔻✌️
The second movement scenario is also identified by aggregating different sell orders in a higher timeframe. 📉📈
Shortsetup
NASDAQ Futures I see the Nasdaq futures taking a pull back through the month of May down to bounce off the highs from 2022 (~16500). I think this will happen as the dollar increases due to the EU Bank cutting interest rates or at least hinting at cutting rates later this week before the US Fed does. CME_MINI:NQ1! NASDAQ:QQQ
Market Update - 7/5/24Crypto markets have so far shown resilience after what has been an eventful week to-date. On the 1st of May we witnessed Bitcoin trade below both the March and April lows, where we then saw four consecutive days of buying resulting in a 14% rally back to $64,500 USD.
👉The next few days will be key in understanding if the bulls will continue to show up, we provide some bullish and bearish scenarios to start the week below.
There is little on the economic calendar this week, however we did see a very interesting print at the end of last week for the US labour market.
Fear and Greed Index currently stands at 71.
US Unemployment Rate Ticks Higher
Last week, the US unemployment rate slightly missed expectations, coming in at 3.9% instead of the anticipated 3.8%.
It's important to understand why this matters. An increase in unemployment could hint at a broader economic slowdown. Jerome Powell, the chairman of the Federal Reserve has previously mentioned that a weakening labour market might precipitate a change to interest rates and an overall easing of conditions from the current regime.
Bullish Scenario
Early this week, should the bulls hold their ground at the current ranges, we could see a push to the range midpoint of $66,000 USD.
Bearish Scenario
Failure to see the bulls hold the market here could then see prices retesting the bottom of this channel, which was reclaimed at the start of this month. This may result in Bitcoin moving back towards $61,000 USD.
USDT.DDominance Tether bounced back higher after hitting the support zone
The red range is the dominance resistance, which goes up in case of Sharp's failure
In this move, Sharp Bitcoin reaches the range of 52000
Gold price increased unexpectedly !! MONDAY ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) loses momentum at $2,295 early Monday. Investors are eyeing Fedspeaks this week and the US Michigan Consumer Sentiment Index for May on Friday. The US Dollar Index (DXY), a gauge of USD value against trade partner currencies, rises to 105.12, recovering from nearly one-month lows.
⭐️ Personal comments NOVA:
Monday trading session saw Gold prices increase slightly, still in the disputed price range, selling pressure still prevailed more.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2277 - $2275 SL $2270
TP1: $2285
TP2: $2292
TP3: $2300
🔥SELL GOLD zone: $2325 - $2323 SL $2330
TP1: $2318
TP2: $2310
TP3: $2300
⭐️ 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
Gold price continues to have selling pressure - DOWN✍️ NOVA hello everyone, Let's comment on gold price next week from 5/6 - 5/11/2024
🔥 World situation:
Gold's initial gains were wiped out on Friday due to disappointing Nonfarm Payrolls data from the US Bureau of Labor Statistics, indicating a slower jobs market. Despite briefly nearing a daily high of $2,310, it didn't surpass May 2’s high of $2,326 and retreated to current spot prices. The XAU/USD remains stable at around $2,300. Optimism on Wall Street diminishes the appeal of gold as a safe-haven asset. Notably, US Treasury yields and real yields are declining, affecting gold prices inversely.
🔥 Identify:
During Gold's correction - there is a lot of selling pressure. The Fed's interest rate is not too surprising. There will not be much fluctuation this week, mainly sideways in the DOWN trend
🔥 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: $2347, $2400
Support : $2272, $2237, $2205
🔥 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
NZD/USD Daily ChartThis is my first time really marking up a chart. My analysis is based off ICT's 2022 Mentorship principals. Only time will tell if my analysis was right. Please feel free to chime in. FYI... Yes, I did drill down into lower timeframe.
BTC - Lower Entry on my Previous Mega Short IdeaHere is details for a reentry on my short plan for Bitcoin.
All details and explanations in my previous posts.
GOLD Sell IdeaTVC:GOLD has broken major support areas and is not trending downwards, forming a series of Lower Lows and Lower Highs. Currently, the price is in discounted range where we can look for selling opportunities.
NIFTY to shed 3000 pointsAs per neowave analysis wave D is to unfold its mega wave ''C''
wave A and B are Flat to reach the 1.618 of previous wave
today this will happen ,from next week onwards you can see the ABYSS
All important levels are given in the chart, trade accordingly.
This is as per wave theory, real time application into trade is on your risk
NHPC LTD - STOCK BREAKOUT FOR SWING TRADING#NHPC
STOCK ENTRY FOR SWING TRADING
Entry - 100
SL - 86
Targets - 115, 135
@Jagadheesh_JP
HFCL STOCK FOR SWING TRADING#HFCL
STOCK FOR SWING TRADING
Entry Price - 101 or CMP
SL - 95
Targets - 118, 135
@Jagadheesh_JP
Short EURUSDI see that price will down after pulls backing on this Supply Zonne
PS: there is high news on New York Session
CHFJPYCHFJPY is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
eurusd shortDear friends and companions:
My technical analysis is based on trend line and also smart money.
A suitable point for sale with r/r=5
At the same time, there is a possibility of an increase in the American interest rate and the strength of the dollar. So I will only sell
GBPUSD POTENTIAL SELLSGU is at a daily AOI and to the left, within the AOI is some juicy price action. watching price slow down and give confirmations on LTF would be ideal.
#gbpusd
Caution: Expect FI (Fiserv) to Sell OffThe fundamentals are looking great for FI no denying that. However, we have a text book 4th wave triangle you can see on the chart then with a thrust into a 5th wave. We have met the measured target of Wave A of the triangle = Wave 5. It's also interested to note a lot of top insiders have been selling at these prices. Also, not shown is monthly divergence, which is expected in a 5th wave. Expect prices to move to at least below Wave 4 around $109 or lower. Once a wave A sell off happens we can project for a wave C projection before prices could move up.
