EURUSD CPI has confirmed the story already written!On EURUSD, we have a bullish setup with the price currently in a buying zone, within which there are two more. The price retraced to an uptrend line and is gearing up for a significant upward movement. This movement has been confirmed by the market after the Consumer Price Index (CPI) data, despite positive data for the dollar, showing that an algorithm is actually pulling the strings, and the story has already been written. In fact, the CPI only caused a temporary downward volatility to further validate the entire area. So, what can we say? We're awaiting the European Central Bank (ECB) tomorrow, but the setup is bullish, and there's little more to add. Target at 1.08 with a stop below 1.07. Let me know what you think. Leave a like and comment to support our work. Happy trading, everyone.
Strategy
EURJPY Is it time to go short?On EURJPY, we can observe a bullish setup following a breakout of a bearish trendline. The price has breached a significant swing high at the 157.70 level, creating a buying zone, as seen on the chart. This zone might also lead the price to retest the trendline. Furthermore, the price around 158.44 appears to have made highs during the Asian session and seems to have made a false breakout with the last 4-hour candle at a swing high level of 158.50. My objective will be to look for short-term trading opportunities during the London session. I'll keep an eye on this currency pair only in the morning and it will be the only one I'll monitor at least until noon when we have the U.S. CPI data. Let me know what you think, happy trading, everyone.
AUD/JPY - The Price of PatienceThe AUD/JPY pair is trading in a sideways range on the 30-minute chart, with the price currently consolidating between the 94.20 and 94.40 levels. The pair has been trading in this range for the past few days, and it is unclear which way it will break out.
Fundamental Analysis
The fundamental factors that are affecting the AUD/JPY pair include the following:
The Australian economy is growing at a slower pace than expected, which is weighing on the Australian dollar.
The Japanese economy is also growing at a slower pace, but the Bank of Japan is expected to keep interest rates low, which is supportive of the Japanese yen.
The risk appetite of investors is declining, which is making them less willing to hold riskier assets like the Australian dollar.
Technical Analysis
The technical indicators on the 30-minute chart are mixed. The RSI is neutral, while the MACD is bearish. The stochastic oscillator is also bearish, but it is starting to turn up.
Conclusion
The AUD/JPY pair is trading in a sideways range on the 30-minute chart. The fundamental factors are mixed, and the technical indicators are also mixed. The pair is likely to remain range-bound for the time being, but it could break out to the upside or downside if there is a significant change in the fundamental or technical factors.
EURUSD Long BIAS + Pre-CPI Accumulation!On EURUSD, we have a bullish setup with the price located in a buying zone, within which there are two more. The price has retraced on a bullish trendline and is gearing up for a significant upward impulse. Everyone is awaiting tomorrow's data on the US Consumer Price Index (CPI), while the price is accumulating in the meantime. It will be important to prepare for the distribution phase tomorrow. Furthermore, in the case of a long trade, one could target the level of 1.08, where we have a previous swing high, with a possible stop below 1.07 for now. Let me know what you think. Leave a like and comment in support of our work. Happy trading to all.
USDJPY Waiting CPI + Long Bias!On USDJPY, we have a bearish setup with the price, which, after the structural break of two swings at the level of 146, has started to show signs of a change in direction, from short to long. On the 15-minute chart, during the London session, I identified an entry box, which is an area of inefficiency or FVG at the level of 146.15. In this zone, we might consider entering long tomorrow if there is a retracement during the American session. In addition to this zone, tomorrow I will look for further confirmations to continue in the long direction. Let me know what you think, leave a like, and comment. Happy trading to all.
GBPJPY Will tomorrow be the big downturn?On GBPJPY, we have a bullish setup after a bearish start to the week. The price, reaching the level of 184.26, broke a swing high on Friday, signaling a potential downturn. Furthermore, the price is getting closer to a supply area, specifically the range of 184.50 - 184.80, where we could look for a short opportunity. My goal for tomorrow, at the opening of the London session, will be to seek a potential bearish setup on a 15-minute chart (M15). I'll wait for a structural change followed by a liquidity pickup in a specific market phase, and then I'll enter the market. I'll only consider trading GBPJPY during the London trading session, and only if my setup occurs. Otherwise, I'll remain on the sidelines and monitor the situation. Let me know what you think, comment, and leave a like to support our work. Greetings and have a great Sunday.
Is EUR/USD ready to return to the highs? On the EUR/USD pair, we have a bearish setup with the price currently located around 1.07, between two potential reversal zones, one supply and one demand. Both of these zones are clearly marked on the chart, and we can see how the price has used them during the week to change its bias. The biggest issue is that the price is within a significant buy order block zone, which is highly potential for buying. The price has reacted to recent news, and the economic sentiment is returning to the price levels of June 2023. Consequently, my view remains highly bullish. Wishing you good trading and a pleasant weekend!
USDCAD: Dollar comeback on Monday!On the USD/CAD pair, we have a bearish setup following today's very favorable news for the Canadian dollar. The price has broken a swing low at the level of 1.3679, effectively paving the way for a bullish scenario. This scenario could also occur if the price reaches the 1.36 area, where we have a significant demand zone that could influence the price. Naturally, I will be looking for a breakout to the upside during the opening of the American markets on Monday, and in case of confirmation on the 15-minute chart (M15), I will enter a long position with the target at the swing high level of 1.37.
GBPUSD Short trade ICT + H4 Bias!i opened a short trade on gbp/usd following a structural change on m15 after the opening of the london session. firstly, i identified the bias on h4, and it was short. i waited for a structural change on m15, identified an inefficiency zone, and subsequently placed a sell limit order at the 38% fibonacci level with a 1:2 risk-reward ratio. let me know what you think, happy trading to everyone.
SPWH Sportsman's Warehouse Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SPWH Sportsman's Warehouse Holdings prior to the earnings report this week,
I would consider purchasing the 5usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $0.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
TNP Tsakos Energy Navigation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TNP Tsakos Energy Navigation prior to the earnings report this week,
I would consider purchasing the 20usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
S&P500 Is the US economy ready for a recovery?On the S&P500, we have a bearish setup with the price reaching the demand zone at the level of 4440 after breaking down a Swing Low. The goal will be to look for a bullish setup, meaning a structural breakout on M15 and subsequently an FVG to enter the market long. I will be searching for all of this in the pre-American session. Let me know your view and leave a like to support our work. Happy trading to everyone.
EURUSD Long BIAS with ICT setup!On the EUR/USD pair, I noticed a H4 closing with a spike at a swing low. This, to me, means only one thing: looking for a bullish structure to enter the market long. I've just checked the US unemployment data, and it came out favorable for the dollar and unfavorable for indices and, consequently, for the euro as well. So, my bullish view might be too early, but for now, I see a good price reaction before the opening of the American market. I will now look for a long entry. Stay tuned. Happy trading to all.
USD/JPY Today will be the big day for a short!On the USD/JPY currency pair, I've identified a bullish setup. The price is consistently breaking previous swing highs, forming new highs. However, it's important to note that my view on the H4 (4-hour) timeframe has remained bearish for over a week.
I'm currently waiting for a structural breakout on the M15 (15-minute) timeframe, combined with a Formation of Valid Grounds (FVG), before considering entering the market. I want to emphasize that I'm particularly focused on identifying these entry points during the most significant trading hours, which are the opening of the London and New York sessions, as well as the closing of the London session.
I'd appreciate hearing your thoughts and insights on this analysis. Wishing everyone successful trading endeavors ahead!
GBPUSD Will there be a recovery tomorrow?After today's data confirmed an expansion in the American industrial sector, the pound lost ground, bringing the exchange rate to the 1.25 zone. However, when analyzing the exchange rate, I notice a bearish structure but with significant potential for a long position. More specifically, it can be observed that the price has broken the swing low at the level of 1.2530 and subsequently spiked on the swing at the level of 1.2490. Furthermore, there is a supply box in the 1.2560-1.2580 area where it would be advisable to look for selling opportunities. So, to recap, my goal will be to look for a long position tomorrow during the London session close because we have important macroeconomic news on the dollar beforehand and then assess an entry with a target at 1.2560, which is the highlighted supply box at the top. Let me know what you think. Happy trading to all.
GoldViewFX - Gold ROUTE MAP UPDATEHey Everyone,
As you can see from yesterday updated. The cross and lock below the retracement range opened the swing range for a challenge, which was tested perfectly.
Throughout the week we suggested these weighted levels like our algo generated swing range, will provide a reaction of 30 to 40 pip bounces. This played out perfectly giving a clean 40 pips plus, inline with our plans to buy dips.
We will now either wait for the full swing back up or a lock below the swing range will open the level below. We will track and trade this level to level with our strategy.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
BULLISH TARGETS
1945 - DONE
EMA5 CROSS AND LOCK ABOVE 1945 WILL OPEN THE FOLLOWING BULLISH TARGET
1954
1965
BEARISH TARGETS
1936 - DONE
EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE
SWING RANGE
1923 - 1914
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD Will today be the day of recovery?On Gold, we have a bearish setup as the price has reached a very important demand level, formed by the last short candle before the rally in the 1927 area, and thus breaking the relative swing high at the 1924 level. The goal will be to look for a long position during the pre-market opening of the American market. I remind you that today we have very important US data, so maximum attention is required. In fact, I anticipate a relatively calm dollar session with a strong rebound after the data release, which is optimal for providing some momentum during the London closing. Let me know what you think. Happy trading to everyone.
YY JOYY Options Ahead of EarningsAnalyzing the options chain and the chart patterns of YY JOYY prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
EURUSD ICT Long entry is here!On EURUSD, we have a bearish structure with the dollar pushing the euro down. Currently, we can observe 4 structural swing low breaks at H4. Therefore, the price is in a total buy situation. Personally, I'm waiting for a structural change at M15 during the London or New York session to go long with a target at 1.08. Let me know your perspective, greetings, and happy trading to everyone.
Initiation. Accumulation. PumpHow to trade coins after listing? Here is logic of IAP model
BINANCE:APTUSDT
When people get tokens after airdrop or launchpad, most likely on first candle we will see seller pressure. This model works in general only for fundamental projects, where even people who get tokens for free will hold it for long term. Because we got a lot of examples when this model doesn't work and price crashed under listing price. Also we need pay attention in what market period we see this listing. Because if it's a beginning of bear market this model most likely also will not works.
Initiation - Formation price imbalance in the broad price range at the time of listing
coins can be interpreted as an initiating impulse, who doesn't leave fair traded price zones on ways of its formation and in here will be be nearest target. We can use Fib from the bottom to the top candle before correction or just count only body of first Daily close candle.
Accumulation - Price reaction to price imbalance initiating impulse is
a direct indication of the presence or lack of accumulation character on the chart. Zones for accumulation before pump will be classic 0.618 / 0.71/ 0.86 levels by fib.
Pump - last stage of this model is a Pump, minimal target for this trade can be -0.27 and -0.618 level by fib where you can fix profit. On this example with Aptos it was over 500% pump. After pump depends of market stage and cycle price can continue parabolic move up or correction again to 0.5 or 0.618 level by same fib.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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$25,000 Is The Price To HOLD: New Video Up!In a bull market, this blue horizontal line represents the lowest closing price between the point after all 6 MA's moved below the point of control and the point where all 6 MA's were no longer below the point of control.
This pattern has happened 3 other times in bitcoins history (2011, 2012, 2020, and now in 2023) but has not happened every cycle.
Nevertheless, when this price line is established, the price has never again closed below the line. Will we brake the pattern this cycle? Or will the pattern continue. What are your thoughts?
GBPUSD The economy is recovering!On GBP/USD, we have a bearish setup with the price breaking through a swing low at 126.50 and 126.60, as well as forming a swing low around 1.2560. Therefore, we have all the conditions to look for a long position on Monday at the opening of the London session. A bullish entry that could take the price towards the marked box, which initially serves as support and has now become a resistance zone that could temporarily halt the price before a continuation upwards. Let me know what you think. Happy trading to everyone.