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Trading Idea: GBPJPY Buying Opportunity and Bullish OutlookIf you're looking for a buying opportunity on GBPJPY, focus on the double bottom retest zone between 199.62 and 199.37. Overall, I maintain a bullish outlook on GBPJPY. Key Levels: - Double Bottom Retest Zone : 199.62 to 199.37 Strategy: - Buying Opportunity : Look for entry points within the double bottom retest zone between 199.62 and 199.37. - Bullish Outlook : Given the overall bullish sentiment, consider holding long positions for potential gains. Stay cautious and trade wisely. What’s your trade plan for GBPJPY? Share your thoughts in the comments!
Long
by RaynLim
GBPUSD Sideways Consolidation with Potential Upside BreakoutTimeframe : Weekly and 4-Hourly Charts Predicted Move : Potential Upside Breakout Analysis : On the weekly chart, GBPUSD is currently in a sideways consolidation phase. Although the pair is near the top of this range, there seems to be a tendency for the market to break towards the upside. This observation is based on my 18 years of trading experience and intuition. Key Points : - Sideways Consolidation : GBPUSD is trading within a defined range on the weekly chart. - Near Top of Range : Price is approaching the upper boundary of the consolidation. - Potential Upside Breakout : Market tendencies suggest a possible break to the upside. - Trading Experience : This analysis is supported by my 18 years of trading experience and gut feeling. Strategy: - Retest and Buying Opportunity : If you share my perspective, I'm looking for a retest within the buy zone on the 4-hourly chart at 1.2666 for a buying opportunity. - Understanding the Buy Zone : It may seem like the buy zone has been broken, but with professional chart reading, it's evident it hasn't. Note: This analysis is based on my personal trading experience and should not be followed blindly. Always conduct your own research and analysis before making any trading decisions. Stay cautious and trade wisely!
Long
by RaynLim
EURUSD Bearish Trend and Bearish Bat Pattern CompletionEURUSD Bearish Trend and Bearish Bat Pattern Completion Instrument: EUR/USD Timeframe: 1-Hourly Chart Current Direction: Bearish Analysis: EUR/USD is currently exhibiting a bearish trend. While the impulse to short immediately is strong, my preferred entry level is at 169.54. This price point aligns with the completion of a bearish bat pattern on the 1-hourly chart. Key Points: - Bearish Trend: The overall trend for EUR/USD is downwards. - Bearish Bat Pattern: Completion level at 169.54, which offers a high-probability short setup. - Entry Level: 169.54 - Chart Pattern: Bearish Bat Pattern - Timeframe: 1-Hourly Chart Strategy: - Wait for Price to Reach 169.54: Monitor the price action and wait for it to approach the 169.54 level. - Confirmation: Look for bearish confirmation signals around this level to enter a short position. Stay tuned for updates and trade wisely!
Short
by RaynLim
1
GBP/JPY - Price is the leading IndicatorToday we are looking at GBP/JPY 5 Minutes timeframe. Based on the price structure, we believe that the high probability direction in the short term is downtrend. We have seen an ABC (Corrective) wave after the Low of Friday was made. Key Structures to note: Structure 4: 200.022 Downtrend continuation reversal point. Structure 2: 200.674 Downtrend Violation Structure. Always Think in Probability: As traders, you must be careful to align your behavior and expectations with the following principles: - Anything can happen - An EDGE is only an indication of one thing happening over another - There is a random distribution between wins and losses - You don't need to know what will happen in order to make money in trading.
Short
by Charts247TradingAcademy
XAUUSD - GOLD Zone 2322 rebounded💵GOLD PRICE AND ECONOMIC INFORMATION Gold dropped to around $2,320 per ounce on Monday, following a more than 1% rise last week, under pressure from higher US Treasury yields, while market participants awaited further cues to gauge the Federal Reserve's monetary policy trajectory. Last week's data indicated that US consumer prices held steady in May for the first time in nearly two years, while producer prices unexpectedly declined. Analysis: Gold is currently stuck in the price range Current gold range: 2340 - 2295 Between the 2 EMAs of frame D. Large frame H4 shows a clear selling trend 🔴SELL GOLD: 2340 - 2342, SL: 2346 🟢BUY GOLD: 2307 - 2305, SL: 2301 ⛔️Breakout: 📈 Breakout on: 2340 📉 Breakout below: 2312 🔼Support: 2312 - 2305 - 2291 - 2286 - 2280- 2274 🔽Resistance: 2338 - 2340 - 2350 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
You Need An Edge In The Markets - Tradingview Has The Tools!👉📈 In the video, we look at a EURUSD trade opportunity, but more importantly, we delve into essential features and tools available on TradingView, which can considerably enhance your trading edge. Here’s what we cover: ✅ 1: Multi-Chart Layout: - TradingView’s workspace allows you to view multiple charts simultaneously. This feature is particularly useful when analyzing currency pairs like EURUSD. - By comparing different timeframes or related assets, you gain a broader perspective on market dynamics. ✅ 2: Currency Indexes: - Currency indexes provide crucial insights. They help answer questions like: Is the EUR (Euro) truly under pressure? Is the USD (US Dollar) gaining strength? - For instance, even if the EURUSD pair appears bearish, understanding the individual currency strengths is vital. Sometimes, two currencies may be trending in the same direction with one slightly stronger than the other.. you might look to avoid trading the currency pair associated with this scenario. ✅ 3: Entry, Stop Loss, and Target Levels: - We explore how to identify optimal entry points, setting a suitable stop-loss, and define profit targets. 📢Leveraging TradingView’s tools, you can fine-tune your trading strategy and gain a real edge in the currency markets. 📢 Remember, steady conservative and consistant trading, along with rigorous risk management, is key. Happy trading! 🛡️🌟
Short
by fxtraderanthony
18
Opportunity to BUY GBPUSD After RetestLook at the GBPUSD chart to find entry opportunities that are supported by several advantages supporting the setup. I saw that after the increase GBPUSD tried to retest its demand zone. This will support the Buy setup with some supporting data if the price: 1. Trend is still bullish. 2. Price enters the RBR demand zone 3. In the demand zone there is support. 4. There is an EMA 200, as a trend reading limit The most important thing is that every risk setup has been measured. Note: any risks regarding the GBPUSD idea plan on this account are not our responsibility, please keep your trading safe.
Long
by AHAFX10
Tesla Restet seting up for new uptrendHere is quite visible how tesla tested its support recently. As it had been mentioned on a previous idea, this level has become a critical one for short term price action. However, seeing price swing up in this manner and then finding support in the 2 moving averages, I find it hard to believe price will drop back to test the structure. If structure is broken, then price will indeed go lower. But I don't think that will be the case. Most likely, we are about to enter an uptrend
NASDAQ:TSLALong
by DarkMessiah777
GOLD PRICE DECREASES LAST SESSION💵GOLD PRICE AND ECONOMIC INFORMATION Gold held steady above the $2,300 per ounce mark on Friday, on track for its first weekly gain in four weeks after falling over 1% in the previous session, as investors assessed softer-than-anticipated US inflation figures against the Federal Reserve’s updated interest rate projections. Thursday's data showed that the US PPI unexpectedly fell in May amid lower energy costs, indicating that inflationary pressures continued to subside. This followed cooler-than-expected consumer inflation data released last Wednesday. However, the latest dot-plot projections from FOMC members revealed that, on average, they anticipate only one 25 basis point rate cut this year, with four members forecasting no cuts at all. ✉️Deekop's Analysis: After the FOMC and CPI forecasts as expected, gold increased slightly to 2340 and fell in line with the FOMC's good USD direction. Today's milestone 2304-2308 is quite important. Gold will grind to break this mark if it wants to create a downward trend to conquer the 2291-2267 mark. 🔴SELL GOLD: 2319 - 2321, SL: 2325 (Sell retest dow + down vol) 🔴SELL GOLD: 2336 - 2338, SL: 2342 🟢BUY GOLD: 2282 - 2280 SL: 2276 ⛔️Breakout: 📈 Breakout on: 2325 📉 Breakout below: 2305- 2291 - 2286 - 2280 🔼Support: 2305 - 2291 - 2286 - 2280- 2274 🔽Resistance: 2317 - 2321 - 2325 - 2333 - 2338 Deekop's daily plans all achieve fixed profits GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
Gold prices dropped sharply with tonight's newsInvestors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-Gold prices eased toward $2,310 an ounce on Wednesday, hovering close to one-month lows as caution prevailed ahead of key US inflation data and the latest Federal Reserve interest rate decision. Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-than-expected payrolls data last Friday. Additionally, China’s central bank, the biggest official sector buyer of gold, paused its purchases in May after 18 consecutive months of buying spree. Elsewhere, gold miner Polymetal International announced this week that it plans to double output by 2029 through acquisitions in Central Asia. 🔴SELL GOLD: 2325- 2323, SL: 2329 (Resistance H4 + VCM EMA 89 zone H1) 🔴SELL GOLD: 2338 - 2340, SL: 2344 🟢BUY GOLD: 2270 - 2268, SL: 2264 ⛔️Breakout: 📈 Breakout on: 2325 📉 Breakout below: 2304 - 2300 - 2391 🔼Support: 2286 - 2274 - 2268 🔽Resistance: 2325 - 2338 Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-Gold prices eased toward $2,310 an ounce on Wednesday, hovering close to one-month lows as caution prevailed ahead of key US inflation data and the latest Federal Reserve interest rate decision. Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-than-expected payrolls data last Friday. Additionally, China’s central bank, the biggest official sector buyer of gold, paused its purchases in May after 18 consecutive months of buying spree. Elsewhere, gold miner Polymetal International announced this week that it plans to double output by 2029 through acquisitions in Central Asia. 🔝🔝 Deekop's research and comments XAUUSD PLAN DAY TODAY June 12 🔴SELL GOLD: 2325- 2323, SL: 2329 (Resistance H4 + VCM EMA 89 zone H1) 🔴SELL GOLD: 2338 - 2340, SL: 2344 🟢BUY GOLD: 2270 - 2268, SL: 2264 ⛔️Breakout: 📈 Breakout on: 2325 📉 Breakout below: 2304 - 2300 - 2391 🔼Support: 2286 - 2274 - 2268 🔽Resistance: 2325 - 2338 GOOD LUCK EVERYONE👍
OANDA:XAUUSD
by Scalper_Ananda
GOLD IS READY TO INCREASE IN PRICEGold prices fell near $2,300 per ounce on Tuesday, hovering at one-month lows, as investors wait for US inflation data and the Federal Reserve's policy announcement later in the week. Traders will closely monitor for cues on when the Fed might begin reducing rates, in light of a stronger-than-expected payroll report last Friday. 🔴SELL GOLD: 2320 - 2322, SL: 2327 🔴SELL GOLD: 2338 - 2340, SL: 2344 🟢BUY GOLD: 2270 - 2268, SL: 2264 🔝Technical analysis: Gold experienced a sharp fall after being affected by two important news about China stopping buying gold in May and Nonfarm being very good for USD. Today Gold is staying in the price range of 2320$ -2280$. Waiting for the scalp is the breakout strategy here ⛔️Breakout: 📈 Breakout on: 2309 - 2320 - 2329 📉 Breakout below: 2286 - 2280 🔼Support: 2286 - 2280 - 2274 - 2268 - 2259 🔽Resistance: 2308 - 2320 - 2329 - 2338 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
AUDUSD Analysis: Shorting Opportunities Amid RetracementFor those eyeing AUDUSD, here's my take: While some might be tempted to buy, anticipating a retracement (UP) due to the recent price action, I'm not focused on buying opportunities. Instead, I have more strategic shorting setups in mind. 4-Hourly Chart: - Resistance Levels : Waiting for a retest at 0.6638 or a retest of the channel for shorting opportunities. 1-Hourly Chart: - Resistance Levels : 0.6595, 0.6613, and 0.6636. - Preferred Entry : 0.6636 is my ideal shorting price, as it aligns with the key resistance level . What's your trade plan for AUDUSD? Comment down below and share your insights! Happy trading!
Short
by RaynLim
2
XAU/USD - Q2 Market AnalystBased on current trends and analysis, I forecast that XAU/USD will reach a new all-time high (ATH) this week at the earliest and next week at the latest. Therefore, we should consider taking a Long/Buy Action in the market. Here are the key insights: Reversal: There was a strong rejection at the 2291 area after experiencing a strong rejection at 2393. This is a sign that the market has the potential to move upward. Additionally, this week, on May 10, 2024, the market closed above the support area. Correction: The market will undergo a correction around the 2393 area before continuing its bullish trend, as long as there are no adverse news or situations affecting the market. Please remember, this analysis is a personal interpretation of market trends and should not replace professional financial advice. Always conduct thorough research and consult financial experts before making investment decisions.
OANDA:XAUUSDLong
by rvldpw