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Although the trend on a larger timeframe supports upward movement, short sell plays also provide a noteworthy risk-to-reward ratio. Therefore, short trades have larger reward comparing to the long trades at this moment Trading Strategies; 1) Scale in short at only 30% of the desired positions at this moment/supply zone around 44k-44.5k 2) Move in to 100% of...

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Gold to continue its movement in sideway between 2048-2010 Trading Strategies 1) Short 2) SL at 2047 3) TP at 2020 and 2010 2010 is the next significant support area To determine the candlestick formation around 2010 and go long again with smaller risks on long position

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It is clear that BTC is on a very strong uptrend direction with steep movement. However, it is not a good position to start buying here since the next resistance level can be reached at anytime around 45.5k Strategy is to wait for a retest of selling at pressure on a daily timeframe. It can be expected for BTC to retest at 37.5k-38k If there is a formation of...

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After strong rejection at the new all time high level earlier this week, the price structure of XAUUSD in 1H timeframe has been shifted from uptrend to sideway-sideway down after 2035 level has been broken downward. Even though Gold may still look bullish on the bigger timeframe like daily timeframe, it is worth noting that Gold is still likely to move in a...

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Although it looks more rewarding on the short position, I do not suggest to go in on short because BTC uptrend structure has not been broken yet on a 1H timeframe. The strategy is to wait for buy Two Scenarios; 1) If BTC breaks 38k, wait for a retest around 38k and buy when reversal candle happens 2) Wait for a retest at lower bound of trading range at 35.7k and...

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Plans for BTC during the weekend, most likely will retest the support once more. 1) follow short after 1H candle closes below 37k 2) Place a SL at 38k 3) TP1 = 35.7-36k 4) Choice between holding until TP2 at 34k or go back to Long position when the reversal candles happen

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Following the previous XAUUSD post, the price pattern has completed the descending triangle formation and is reaching to the recommended TP2 zone, where traders should definitely start to take profits. The reason why we should start scaling out of sell/short positions here is because there are a cluster from multiple indications on this demand zone at 1900 area...

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XAUUSD is currently forming a Descending Triangle Price Pattern in 4h timeframe. The price has reached a lower low last week after it has broken a strong demand zone around 1940 . However, the bulls re-appear and push the price back up to the significant supply zone near EMA 200-period in 4h timeframe at 1965 area, which was a great entry point to start accumulate...

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Key Indicators to keep in mind for EUR/USD next week’s trade: 1. Announcement of CPI for May 2023 on Tuesday 13 June 2023 2. FOMC’s decisions on Interest Rates on Tuesday 14 June 2023 3. Press Conference by ECB on Thursday 15 June 2023 The above mentioned announcements are key stimulations for the price movement of EUR/USD. These indicators can guide the...

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From Risk to Reward Ratio Point of View, it is more favorable for the bulls to go for long position after the hammer price action was successfully formed at the support area of the parallel channel. Take profit at two levels: TP1: 1950.2 TP2: 1951.7 SL when the price closes below 1944.9

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The reversal pattern Head and Shoulders was formed successfully with a strong price rejection when it re-tested on the uptrend-neckline around 28k, which is the greatest entry point for a swing short position. Although the best swing short opportunity for shorts have been missed, opportunities for shorts are still there. Follow short when the price breaks below...

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As GOLD is retesting its previous week's high at around 1985 area which is the first significant resistance level. Therefore, it is more favorable for the bears to re-appear to start scaling in short/sell positions again Plans: - Scaling in short/sell positions in between 1975-1982 - Stop Loss if the price breaks 1985.5 - Take profit at 1955, 1940 respectively

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OANDA:XAUUSD Gold has been trading in the range since last Friday (10th February 2023). It is clear that speculators and investors are waiting for something: maybe some economic indicators like CPI will decide the movement of Gold by today (14th February 2023) Within the 1H timeframe, It is clear that gold has a strong chance of continuing its downtrend if it...

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OANDA:XAUUSD Key Economics Highlight in the first week of 2023 - Nonfarm Payrolls and Unemployment Rate for December 2022 were reported on 6th January 2023. - Nonfarm payrolls increased by 223,000 which is higher than what the market was expecting by 200,000. - The unemployment rate fell to 3.5%, which was lower than the consensus of 3.7%. On the night of...

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TVC:DJI DJI is clearly moving in a downtrend direction in the 30m timeframe. However, it stopped making a lower low yesterday plus it has a bullish divergence signal between price and RSI. This bullish divergence is signaling a chance of trend change to either a sideway or uptrend direction, which we need to monitor the price action today. If the market opens...

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**Repost from Dec 14th 2022 since the original post disappeared** Though the CPI figures released last night were lower than expected, if you look one by one, you will notice that the price of services (Core Services) has not yet decreased, but food and oil prices have. TVC:GOLD As a result, let's keep our eyes on the Federal Reserve's interest rate...

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OANDA:XAUUSD **Repost from Dec 14th 2022 since the original post disappeared** Hello all TradingView speculators, In my opinion, I think there was an overreaction from the market's participation on the CPI numbers that was announced to be lower than expected. In addition to this, some technical indicators are showing us some signals to be careful on the buy...

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**Repost from Dec 13th 2022 since the original post disappeared** Economic indicators from the past month indicate that the price of services is the key factor that helps prevent a rapid decline in inflation , although the price of goods had already dropped considerably and the labor market remained strong, showing no signs of slowing down the inflation rate. ...