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Trendtrading

💡 XAUUSD: Will the downward momentum be maintained?➡️The global gold market experienced considerable volatility last week, with prices swinging widely. Gold prices steadied at the start of the week as investors awaited key economic data for October. However, precious metal prices surged dramatically after the report revealed a substantial reduction in inflationary pressures. This sparked expectations that the US Federal Reserve (Fed) may have concluded its aggressive monetary tightening cycle. Gold prices rallied close to the crucial $2,000 per ounce threshold, ending a three-week losing streak. ➡️Kitco News' recent weekly gold survey indicates that retail investors remain strongly bullish on gold, while market analysts are more cautious about the precious metal's near-term prospects.
TVC:GOLDShort
by Stone_Haven
2
NZDUSD Swing as Dollar Becomes BearishThe era of high interest rates may not persist for much longer. Or, at least, that's what price is telling us. The US dollar sold off against pretty much all of its counterparts, maybe except for the Canadian dollar. It appears that investors believe that the Federal Reserve may not be sustaining a higher interest rate position and US dollar longs are closing out their positions. No matter to me as I look at the price action. This latest breakout signals a long entry opportunity on NZDUSD, one of the latest pairs I'm looking to enter. Fortunately, I have already entered short on USDSEK and USDJPY so this is an accumulation of my position.
Long
by FinancialGamblR
💡 GBPUSD: Bearish Butterfly wing pattern appears➡️ GBPUSD is maintaining its upward momentum, however in the H4 frame it is creating a butterfly pattern The Bearish Butterfly pattern will start with a XA downtrend, then an AB uptrend, a BC downtrend, and finally a CD uptick again. With this move combined with the corresponding ratios and Fibonacci levels according to the above rules, the market expects a downward trend from point D. The Bearish Butterfly model has a shape similar to the letter W. - Upcoming economic calendar: BOE Gov Bailey Speaks
Short
by Stone_Haven
2
💡 XAUUSD: Sharp increase after Unemployment Claims➡️ The global gold price experienced a significant upturn last night and this morning, driven by recent developments in the US economy. On November 16, there was a pronounced surge in the weekly unemployment benefit applications and the 4-week average, prompting a shift in the precious metal market. ➡️ To provide specific figures, the first-time applications for unemployment benefits in the preceding week reached 231,000, surpassing the previous week's 218,000 and exceeding the anticipated 220,000. The 4-week average for first-time subsidy applications also rose from 21,250 to 22,025. ➡️ This escalating trend in unemployment benefit applications has led experts and investors to speculate that the US economy is displaying early signs of vulnerability. The increasing challenges faced by businesses in production are believed to be prompting layoffs as a measure to ensure ongoing operational viability.
OANDA:XAUUSDLong
by Stone_Haven
7
Balancing Bullish Trends and Counter-Trend PossibilitiesGBPAUD seems to be in a Bullish Trend, and you're focusing on potential buying opportunities. Here are three strategies you're considering: Type2 Bullish Fib-3 Bat (1-hourly chart) : This setup aligns within the support level of the 4-hourly chart at 1.9053, providing an initial buying opportunity. Bullish Deep Gartley Pattern (4-hourly chart) : Should the market decline further, your plan includes waiting for the completion of the Bullish Deep Gartley Pattern at 1.8948 on the 4-hourly chart, presenting another potential buying opportunity. GBPAUD appears to offer multiple setups for potential long positions based on your analysis. What are your thoughts on GBPAUD, and what trade plans or strategies are you considering for this pair? Feel free to share your insights or plans below!
Long
by RaynLim
Navigating Bullish Trends Amidst Retracement SignalsUSDJPY is currently demonstrating a Bullish Trend . For traders preferring long positions, the Bullish Deep Gartley Pattern on the 4-hourly chart might serve as an attractive opportunity for going long. As part of the strategy, waiting for the market to retest the support level on the 1-hourly chart at 149.26 before entering could be a wise move. Each trader may have a different approach or perspective based on their analysis and risk appetite. Feel free to share your trade plan or insights on how you intend to approach USDJPY!
Long
by RaynLim
50 EMA @ 33990If you read this you will learn more about the rocket booster strategy. Am from eating my small healthy sandwich breakfast. As am thinking about what to write to you. -- I check my trading system-inside this system the DJI TVC:DJI Has signaled a buy. -- Here is what the Rocket Booster System Looks Like: Price has to be above the 50 EMA Price has to be above the 200 EMA Price has to be in an up-trend -- Trading can be an emotional game, but if you remember this strategy and stick to it you will defend yourself. -- If you would like to learn more please rocket boost this content. -- Disclaimer:Do not buy or sell anything i reccomend to you.Do your own research before you trade.The purpose of this content is for education.
TVC:DJILong
by lubosi
💡EURUSD: Predicted November 16➡️ On Wednesday, the EUR/USD experienced a decline following a significant bullish breakout in the preceding session. Despite this pullback, the euro continues to exhibit a positive outlook against the US dollar. The exchange rate has recently established a consistent pattern of higher highs and higher lows, presently trading above crucial moving averages, as depicted in the daily chart. ➡️ To affirm the bullish scenario, it is imperative for the pair to maintain levels above the 200 and 100-day simple moving averages (SMA), situated around 1.0765. If this support remains intact, preventing the intrusion of sellers, there is potential for the price to initiate an upward consolidation. This could pave the way for a movement beyond 1.0900, progressing towards the Fibonacci resistance at 1.0960. Further upward momentum would then shift attention to the subsequent target at 1.1075.
Short
by Stone_Haven
8
💡 AUDUSD : Signs of a downtrend➡️Yesterday, the D1 bar in AUDUSD witnessed a decrease, closing above the low of the same bar, initially indicating a false break and subsequently confirming this deceptive move. This implies a weakening stance for AUDUSD D1 near the upper boundary of the cumulative price range. The overall structure of AUDUSD D1 remains in a sideways movement. ➡️Although AUDUSD experienced a bounce, it retraced, forming a lower price peak. The H1 structure of AUDUSD shows a downward bias. If there is a rebound in the retest mentioned above, it presents a selling opportunity. Alternatively, if the price breaks higher and retests the previous peak, it might be prudent to adopt a wait-and-see approach for a potential buying opportunity.
Short
by Stone_Haven
10
Market Trending Up, but what about longer trends?Hey everyone! Sorry for being away for a bit, while we did follow my red graph down and I had shorted into some of that, I did not feel comfortable following it back up and went over to trade several 6E contracts instead. Not sure the income difference was much, but it felt like a safer trade following long term valuation of the Euro than hoping stocks regain levels never until the pandemic. Full disclosure, I closed out my 6E contracts towards the end of Tuesday, and am sitting in NO current position right now, so it is easy for me to talk about the market with no skin in the game. That being said, let's dive into things. Here are the trends as we are in the middle of today; Last Macro Trend Signal Spots (ESZ Contract) 30m - 4524 Uptrend (11/16/2023) Higher High 1Hr - 4391 Uptrend (11/10/2023) Higher High 2Hr - 4412 Uptrend (11/10/2023) Higher High 3Hr - 4412 Uptrend (11/10/2023) Higher High 4Hr - 4424 Uptrend (11/10/2023) Higher High 6Hr - 4260 Uptrend (11/1/2023) Lower High 12Hr - 4319 Uptrend (11/2/2023) Lower High Daily - 4378 Uptrend (11/3/2023) Higher High Weekly - 4244 Downtrend (10/16/2023) Lower Low On a short term and medium-term basis, things are very much trending upward. Based on the short sentiment in the market, I think we won't push too much higher, and could even run back down to around 4420ish as I think lots of people went short going into Tuesday's CPI data and are going to be holding their positions to try and minimalize their losses if they didn't practice good risk management. I go into a concern on this upward movement in the video, but ultimately I am concerned that we had our first lower low downtrend EVER on a Weekly analysis for trends. I'm not saying that it will take us lower, I am saying it has never happened before. Every downtrend signal we ever had prior has always been a higher low downtrend. As long as we stay above 4462 when the last uptrend signaled (week of June 6, 2023) we are above and looking to signal a higher high uptrend, but anything below that to me shows we could be headed into a sideways or even long term downtrend market for the first time ever. Or... like I said it has never happened so maybe it means nothing, as there is no historical data to look at. My current outlook is; I just plan to sit and watch for potentially the rest of this week and maybe decide Monday on a position, unless I take a short term trade for just over Friday but will likely close out before the weekend. I may even continue to look for other areas of the market to invest in. Safe trading, and remember your risk management plan!
CME_MINI:ES1!
by SemperTrader
6
USDT/BTC Speculative Trading IdeaBelow is a speculative trading idea for the BTC/USDT pair. As of writing, there’s a consolidation and price chart compression towards the established local resistance level at a price of $35,195, following an impulsive 31% price increase from $26,794 with a rebound from the 50-day moving average. Within the framework of this idea, we propose to consider the possibility of buying BTC at a price of $35,195. We do so with the aim of continuing the BTC price rise towards the resistance zone located near the POC volume level, corresponding to the trading range of the first half of 2022. The approximate target for this trade is $38,440. An additional factor supporting this decision is the cumulative delta, indicating sustained buyer interest. The potential for this trade is estimated at 9%, with a stop-loss set at the 3% level, which amounts to $34,100.
BITSTAMP:BTCUSDLong
by Rick_SimpleSwap
💡 XAUUSD: Reversal after PPI news➡️This morning, the global gold price experienced a reversal, declining in response to the recent announcement from the US economy. The October Producer Price Index (PPI) reported a significant decrease, showing a 1.3% increase over the same period last year. This figure was notably lower than the anticipated 1.9%, and it marked a decline from the 2.2% increase observed in the previous month. ➡️The PPI index, a key metric reflecting changes in prices of goods sold by manufacturers, serves as a leading indicator for overall consumer price inflation. This suggests a forthcoming decrease in Consumer Price Index (CPI) inflation in the United States. The effective implementation of the US Federal Reserve's (Fed) monetary policy tightening is expected to persist. ➡️Earlier, on November 14, the US disclosed that the Consumer Price Index (CPI) for October exhibited a 3.2% increase compared to the same period last year. This represented a more significant decline from September's 3.7% increase and was slightly below the projected 3.3%. Notably, this marks the lowest level since March 2021.
OANDA:XAUUSDShort
by Stone_Haven
4
💡 XAUUSD: Strong increase thanks to CPIThe significant surge in prices occurred following the release of last night's CPI news, establishing a fresh high for gold in the first half of the year and sustaining its upward trajectory. At present, the price is approaching a resistance level, presenting an opportunity to either wait for a pullback to initiate a purchase or observe for a potential breakthrough of the peak, followed by a robust upward movement and subsequent retesting. It's important to be mindful that surpassing the upper boundary could result in an overbought scenario, increasing the likelihood of a price retracement with potential challenges in sustaining the upward momentum.
OANDA:XAUUSDLong
by Stone_Haven
4
💡 GBPUSD: Nice scenario for downtrend➡️The latest data indicates a significant decline in the UK's annual Consumer Price Index (CPI) rate, dropping from 6.7% in September to 4.6% in October. This marks the lowest figure in two years, falling below the consensus estimates of 4.8%. The notable decrease in CPI reflects a downward trend in inflation, primarily attributed to the impact compared to the same period last year and a decrease in energy prices. ➡️This development suggests that there is potential for the central bank to initiate interest rate cuts by the end of 2024. However, the decision hinges on various factors, including the strength of the labor market and the overall economic conditions. ➡️In response to the released data indicating a more substantial than expected cooling of UK inflation in October, there is a possibility of a decline in GBP/USD. This further reinforces expectations that the Bank of England may implement interest rate cuts by the middle of the next year. Observations on the H4 chart reveal the GBP/USD price approaching the 48-hour moving average, and the MACD histogram bar contracting, indicating potential market adjustments.
Short
by Stone_Haven
#AUDCAD Bearish structureHello dear friends and traders. Let's take a look at AUDCAD and explore the potential selling opportunity in this pair. As seen in the chart, we have a 4-hour bearish market structure where the price is creating lower highs and lower lows. Consequently, we are only interested in taking short positions for the moment. After the price formed a recent low, it started to develop a bullish corrective move that ended up testing our bearish trendline, coinciding with a static resistance area. Now, if you examine the 1-hour timeframe chart , you'll notice that the price attempted to go above our horizontal arrow line but failed to close above it. This suggests that the recent bullish move could be considered a liquidity-taking activity, and now that the price failed to close above, we may consider opening a sell position. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
2
#AUDJPY buying opportunityLet's take a look at the AUDJPY 4-hour timeframe chart and explore the potential buying opportunity in this pair. Price yesterday successfully broke above the short-term bearish channel, aligning with the higher timeframe market structure, which adds to the possibility of the price intending to move higher. Currently, the price is situated at today's Pivot area, which has been providing support since this morning. Additionally, we are above the 1-hour, 30-minute, and 15-minute EMAs (Exponential Moving Averages) of 200, all of which together offer crucial support for the price. Moreover, this recent bearish move can be interpreted as a pullback to the broken channel line. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
6