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EURUSD Daily Analysis - A downward movement is expected towards Throughout the first day of the new week EURUSD remained consolidated at the levels of 1.0960/85. Today at 6 o'clock GMT we expect data on Industrial Production for the month of August in Germany, with expectations for a growth of 0.8% compared to the previous month, where we had a drop of -2.4%. The Eurogroup Meeting is another key event of the day that is likely to have an impact on currency markets. A little later in the day, however, the Bank of New Zealand is expected to cut interest rates more aggressively by 0.5% following the new trend of interest rate cuts around the world. From World-Signals.com, we expect a slight strengthening of the Euro, but it is very likely that the downward trend will continue towards the end of the week. Bet on a strategy to sell on slight bounces up to 1.1010+ with daily gains of 20-35 pips or short positions with bigger gains towards the end of the week.
Short
by World-Signals
Daily analyzes of EURUSD - Dollar regains lost positionsAmong the important fundamentals from Monday is Factory Orders for the month of August in Germany from 8am GMT. It is very likely that we will see another contraction that will negatively affect the Euro. In general, the industry in Germany has started to shrink and there are no chances for growth. The other important news is related to retail sales in the Eurozone at 11am GMT. Although we expect levels around zero or very little growth in retail sales. Among the world events that affect the currency markets are the escalation of the conflict in the Middle East, where mainly the Euro may suffer due to disrupted supplies of both goods and fuels. Overall, the Dollar will be in a stronger position this week and we at World-Signals.com expect the Dollar to strengthen against the Euro. In the last week, the Dollar has taken about 200 pips on the Euro. In retrospect, the Dollar had 3 losing weeks, and only in the last one did it regain some of the lost positions. Use the 1.1010 levels to open short positions with a 6-8 business day closing target.
Short
by World-Signals
UBISOFT REKT- What happens when you're one of the biggest video game companies in the world and you rest on your laurels? You sink. - That said, as traders, we can always attempt to capitalize on a dead cat bounce. - Right now, nothing to buy, if Ubisoft not down more and bounce before, just forget it. ------------------------------------------------------------------------------------------ Trading Parts : ------------------------------------------------------------------------------------------ - Buy around 10€ ( 30% invest ) - DCA Rebuy to 8.5€ ( 70% invest ) ------------------------------------------------------------------------------------------ - TP1 : 17.9€ - TP2 : 29.9€ ------------------------------------------------------------------------------------------ SL : 5.9€ ------------------------------------------------------------------------------------------ Stay S4fe Happy Tr4Ding !
EURONEXT:UBILong
by thecryer
Exxon Mobile (XOM): Awaiting Long Term Entry at $65Our group has recently revisited Exxon Mobil Corporation (XOM), and while there hasn't been much change, it's worth reassessing. The stock has entered the zone between 100% and 138%, which we identify as the level for Wave A and has respected this level. Long-Term Outlook: We anticipate a significant downward movement over the long term, potentially reaching the $65 level. This is where we plan to make substantial long-term purchases. The range between $65.50 and $64.40 has been consistently respected, reinforcing our strategy to wait for these levels before entering the market heavily. Short-Term Outlook: In the short term, Exxon has been trading within a range for nearly a year and a half. It briefly broke below this range to complete the larger Wave (A)and then broke above it to finish the sub-wave A. We are now entering a potential Wave B zone. Current Strategy: - Long-Term: We are waiting for the price to drop to the $65 range before making significant purchases. - Short-Term: We are monitoring the $104 to $100 zone, which looks attractive for a potential reversal. However, given the risk, we are not placing any entries yet and will wait to observe the market's reaction.
NYSE:XOMLong
by freeguy_by_wmc
JD.com (JD): Key Levels to Watch Amid Potential BreakoutFor the Chinese stock JD.com listed on the Nasdaq, we observe a significant pattern. Initially, we had a prolonged sideways movement that concluded with an initial surge, establishing the current resistance zone. This zone held twice before the price fell through. Starting from point X in our Elliott Wave count in November 2018, we saw a rapid increase of approximately 470% in a short period. However, this was followed by a steep sell-off, leading to the formation of Wave (2) within a trend channel. The correction's time horizon places it in the perfect zone, typically between 2 and 2.618 on the higher time frame, which is a good indicator that this could indeed be Wave (2). To continue the upward movement, it is crucial for JD.com to flip this resistance zone. The current question is whether the price will first return to the High-Volume Node Point of Control (POC) or break out upwards directly. Flipping the support-resistance zone will be key for any significant upward momentum. We'll be closely monitoring these levels to determine the next move. Zooming in on the 12-hour timeframe, we can observe the scenario at the end of the assumed Wave (2). This pattern is characteristic of what we like to see at the conclusion of Wave 2. Initially, we experienced an accumulation phase, which transitioned into a manipulation phase, followed by an expansion phase. This sequence is generally a positive sign. Currently, we are witnessing a pullback after touching the resistance level. Despite this, we maintain our outlook that the price should continue to rise and not retest the $20 mark. There's a breakout gap that partially filled but remains open near the bottom. This gap formed just before we entered the expansion phase, and it's a critical point to consider. Given the ongoing volatility in the Chinese market and the uncertainty among investors, we remain cautious. We are closely watching how JD.com behaves within the $24.50 to $26.80 range. With a drop towards the gap close near $21, we will consider making significant buys. If the price breaks out upwards, we will look for opportunities to enter positions.
NASDAQ:JDLong
by freeguy_by_wmc
3
Will XAU/USD manage to rise?The price of gold showed resilience after a bounce in the range of $1,914-$1,913 from the previous day, recording a modest increase of just over 0.20% and breaking a three-day losing streak. However, it gave up the weekly gains, being below all moving averages. Technical indicators confirm the bearish sentiment, with the peak of the pair this week at the 61.8% Fibonacci retracement, then experiencing a sharp retreat. Gold is now below the 38.2% retracement, representing an immediate resistance level. The 4-hour chart suggests further bearish extensions, with the pair encountering selling interest in the short term. Support levels are identified at 1,907.30, 1,897.20, and 1,884.70, while resistance levels are at 1,921.80, 1,933.30, and 1,946.10. From a fundamental perspective, the weekly decline of XAU/USD was caused by the strengthening of the US dollar following the Federal Reserve's decision to keep rates unchanged. The Fed left open the possibility of a rate hike later in the year, focusing on a soft landing to avoid a recession. The Bank of England also kept rates unchanged, emphasizing the need for restrictive monetary policies to control inflation. These events triggered a decline in global indices and an increase in bond yields. My goal will be to wait for the opening of London before evaluating any market entry, in order to monitor any sharp movements that may occur during the London session, where numerous macroeconomic data are expected. I am primarily focused on a long position... Let me know what you think, happy trading to everyone from Nicola, CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by EdgeTradingJourney
3
TRADING IS THE MOST REWARDING BUSINESS WORLDWIDETRADING IS THE MOST REWARDING BUSINESS IN THE WORLD. But 99% of traders don't know how to win. 6 STEPS TO BECOME A TRADING SNIPER: 1. Develop A+ setups - Focus on low risk, high reward - Don't worry if you need time to execute - You don't need to catch every market's movement to be successful One setup is enough to kill in the trading arena. 2. Focus on A+ setups - Execute like a machine when you spot an A+ setup - Forget anything else. Don't take stupid trades just because you don't have opportunities Trust your setups. Trust your plans. Trust your execution. 3. Control your emotions Waiting is the hardest trading skill: - You need patience to wait for your setups - You need discipline to execute your setups - You need confidence to win with your setups Traders, like snipers, wait 99% of the time. 4. Know your system like a brother - Know the details. RR, WR, strengths and weaknesses. - Know what to expect: "If x happens, I'll do this. If y happens, I'll do this." Always have a plan. 5. Aim for 1% If average traders practice 1 hour per day, start practicing 2 hours per day. If average traders review trades once a week, start reviewing trades every day. If average traders never shapes minds, start meditating every day. To be the 1%, do what the 99% don't do. 6. Become a trading sniper - Focus on A+ setups - Control your emotions - Always have a plan Shape your weapons. Shape your trading. If you enjoyed this insightful post, please share with your friends and invite them to join us. Thanks
Education
by opizzlefx
EdgePro - BTC Swing StrategyThe EdgePro - BTC Swing Strategy is a meticulously designed trading approach that combines two distinct components: the Early Bird system and the Main system. This strategy is specifically tailored for Bitcoin (BTC) swing trading and aims to provide both timely entry signals and accurate trend capturing, thereby maximizing profit potential while minimizing losses. The Early Bird system (marked by the smaller triangles), as its name suggests, focuses on identifying early long signals. It utilizes various systems and strategies to detect potential shifts in BTC price direction before they become evident to the broader market. By seeking out these early signals, the Early Bird system aims to gain an advantageous position by entering trades at or near the beginning of a bullish trend. The Main system (marked by the larger triangles), on the other hand, is designed to have a high hit rate and effectively capture trends without falling victim to choppy or volatile market conditions. Again it employs a combination of complex trend-following indicators and strategies to confirm a sustainable trend in BTC price movement. This ensures that the strategy avoids false signals and filters out noise, allowing it to maintain a robust and reliable trading approach. Visit edgeprosignals.com for more information, including full performance history of the EdgePro Large Cap Portfolio and Full Access to all our Indicators & Strategies. EdgePro™
by EdgeProSignals
Cracking the Code of Bull and Bear TrapsHey Friends, let's dive into the captivating world of bull and bear traps. These traps can be quite the wild ride, so buckle up and get ready for some trading knowledge! A bull trap, my friends, is a sneaky maneuver by the market. It lures unsuspecting traders into believing there's a bullish breakout on the horizon. But guess what? It's a trap! The price quickly reverses and sends those traders into a tailspin, caught in a frenzy of false signals. Don't let the allure fool you! Now, on to the bear trap. It's the flip side of the coin, my friends. Just when you thought the market was about to take a nosedive, it surprises you with an upward surge. It's like a magician's trick, leaving all those who bet on a bearish breakdown scratching their heads. Bam! The bear trap strikes, and those traders find themselves caught in a bullish whirlwind they never saw coming. To navigate these treacherous traps, my dear traders, exercise patience and wait for confirmation. Don't jump the gun at the first sign of a breakout or breakdown. Look for additional indicators to support the move and keep a close eye on volume. Strong volume is the key, my friends! And don't forget to set those stop-loss orders, strategically placing them to protect your positions. Now, remember, studying market structure and learning from past mistakes is essential. Analyze historical traps, dissect their patterns, and absorb every little detail. The more you educate yourself, the better prepared you'll be to dodge those cunning traps in the future. So, my fellow traders, stay sharp, stay nimble, and stay ahead of those traps. It's a wild journey out there, but armed with knowledge and experience, you can conquer the trading world. May your trades be prosperous, and may you always stay one step ahead of those crafty bull and bear traps!
Education
by FortuneAI
1
How to become a trader? (Part 1)How to become a trader? (Part 1) 1. What is trading? We all know what trading is. Almost all of us had someone around us who was trading, or maybe we heard the names of people like Warren Buffett or Elon Musk. But what we don't know is that trading is not just opening a chart and drawing a line and finally buying a stock or something. Trust me, It is more complicated than that. In this market, for 95% of people, there will be nothing but financial loss. But those 5% are the ones who get the secret of trading. You probably won't recognize those 5%, and they won't want to introduce themselves either. But if you persevere and put in enough effort and a lot of time, and then you go through more persistence and difficulty and loss of capital and disappointment, it is possible, just possible, that you will become one of those 5%. Come with me to find out what we should do. 2. Where do we start? An important question will arise for all people who are new to trading. "Where to start?" In the first few days, you will see a lot of stuff. And for sure, you will be confused like me. There are many things to learn. YouTube, books, even private training. But what do you get in the end? Well, you find a trading method and trade with it for some time. Then you start losing money. Then you go to another method and you lose again. And this cycle continues like this (this is the first hard part that I mentioned above). Later, you will learn about capital management and the psychology of trading. And by combining these three things and, of course, enough time, you will move towards becoming a trader. Therefore, becoming a trader is not something that can be achieved overnight and more importantly, it is not something that can be given to you. You have to achive it. 3. Strategy The first place you should start is formulating a strategy. Some people think that everything boils down to strategy. So when they can't make money, they try to find a more sophisticated strategy. But this is wrong. Strategy is just the beginning. I will talk more about this later. But before that, let's talk about the components of strategy. We can divide each strategy into 5 parts: Trend, Area of Value (AOV), Trigger, Stop loss (SL) and Target point (TP). A. Trend: The first and most important part. Trend means the next move will be up or down. Your tool to find the trend can be your eyes, trend line and different indicators. The most important thing to learn here is that no one knows which way the price will move. All we know and get through our tools is which direction the price is "more probable". The second point is that the trend is not about the past movement, but it's representative of the next movement! So don't mix them up. B. Area of Value (AOV): Let's assume that the price of a stock is going to increase, and in other words, it wants to find an up trend. Where will your entry area be? There are useful tools such as trend line, moving, Fibonacci, candlestick, support and resistance areas and etc. for this. C. Trigger: You will need a confirmation to enter when the price is in the value zone. I recommend you to use multi-time frame and look for entry in lower time-frames. The tools are the same as before. D. Stop loss: Your entire strategy depends on this component. Most people do not use the limit because they do not know how to use it. And they are also afraid of losing. The best traders also make mistakes and control their mistakes by limiting their losses. The limit of loss is your friend. Learn how to make the most of it. E. Target point: We humans have a good tolerance in the face of difficulties. But can we stop ourselves from seeing profit? The second stage is difficulty, patience and tolerance to achieve your desired profit. At the same time, knowing that the conditions may change, and you may not even get the profit you have now. There are more complex strategies that combine all of the above. Like Elliot, Ichimoku and etc. The important thing about the strategy is that a super complex strategy is not necessarily better than a simple strategy. Sometimes a simple trend line can give you a profit that dozens of complicated indicators cannot give you. I am not saying that complexity is worse. In fact, the more complicated it is, the more accurate your position and understanding of the subject will be. But the problem is that our mind does not have the ability to analyze all the possibilities. That's why, don't look for a super-complicated method produced by company X. Choose the simplest method that works for you, and you can communicate with it more easily. Each of those 5% people choose a method and become a master in it. So it doesn't matter what the method is. It is important that it is profitable. It matters how you implement it. In the next part, I will talk about capital management and market psychology. Good luck.
OANDA:XAGUSDEducation
by DarkPhoenixTrader
1