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💡 XAUUSD: Waiting for CPIGold prices increased in the first trading session of the day in the US. According to reports in the US, the number of jobs in the non-agricultural sector increased by 275,000 units in February 2024. The US unemployment rate increased to 3.9%. The market received the comments of Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), positively. Experts predict that the Fed is ready to cut interest rates and the timing could be in the middle of this year. Upcoming inflation data will attract the market's attention because this is important data to assess the timing of the Fed's interest rate cuts. During the week, markets will monitor retail sales reports and weekly unemployment claims, as well as US manufacturing data.
OANDA:XAUUSDLong
by Stone_Haven
💡 XAUUSD: Continue to increase or decrease?Many analysts believe that, although gold has experienced a strong week of increases and will likely continue to increase in the near future. However, traders are worried that if the US consumer price index report for February published on March 12 increases, expectations of interest rate cuts by the US Federal Reserve (Fed) will continue. continue to prolong. Some experts predict that inflation may rise faster than expected as a direct result of the spike in energy costs. Experts warn that gold investors should be cautious, a slight increase in the inflation index will also cause gold prices to decrease in the short term. SET UP - BUY LIMIT 2174 - 2172 TAKE PROFIT 1: 2180 TAKE PROFIT 2: 2185 STOP LOSS: 2167
OANDA:XAUUSDLong
by Stone_Haven
💡 GBPUSD: Forecast March 11The upward momentum for GBPUSD D1 continued strongly with the sixth consecutive day of gains last Friday. Friday's up D1 bar was structurally important because it broke out - from the most recent price high, confirming GBPUSD D1 return to the uptrend, as it established a new price high. GBPUSD H1 accelerated as it created an upward sloping price channel with a steeper slope than the trend line below. This increased buying pressure is a sign of a trend with strong momentum that is likely to continue. So if GBPUSD H1 pulls back today, you can wait to buy.
Long
by Stone_Haven
💡 EURUSD: Forecast March 11EURUSD stalled on Friday, rebounding from the above resistance while creating a bearish pinbar pattern, showing resistance. However, with the previous breakout, EURUSD D1 is still slightly higher in price. The EURUSD H1 chart structure shows that this pair is more bullish, with gradually higher highs and lows along with a bullish channel providing additional support. Because D1 is touching resistance, H1 can catch pullbacks to the resistance areas below to buy
Long
by Stone_Haven
2
💡 XAUUSD: NFP pre-predictionGold prices continued to rise higher in the past session, recording the 7th consecutive increase and officially creating an ATH (all-time high). However, there are three points to note: 1/ the increasing force is showing signs of decreasing; 2/ Price has increased sharply for many days, creating heavy overbought signals; 3/Selling pressure is showing signs of returning this morning. All of this warns bulls of risks if they buy to chase prices at this time. The medium and long-term outlook is still bullish, but you need to be careful with the possibility of a short-term correction. You should only consider buying after corrective moves, the next target is the 2200 threshold.
OANDA:XAUUSDLong
by Stone_Haven
Counter-Trend Trade on NZDUSDThis week, while many counter-trend traders might be eyeing a short on NZDUSD due to a potential setup on the 4-hourly chart, I'm taking a different approach. Why I'm Bullish: 1. The market retested the previous resistance without creating an RSI Divergence, which raises concerns for a strong bearish move. 2. I'm looking for a buying opportunity at 0.6153. Share your thoughts and trade plans for NZDUSD. What's your approach this week? Let's keep the conversation going!
Long
by RaynLim
1
Bullish Bias with Buying Opportunity on RetestGBPUSD is on my radar, and here's my outlook: 1. Bullish Bias: - I have a bullish outlook on GBPUSD. - The Friday close indicates a potential bullish movement. 2. Buying Opportunity at 1.2819: - I'll be patiently waiting for the market to retest 1.2819. - Preferably, a double bottom formation with RSI Divergence would be ideal for a buying opportunity. Share your thoughts and trade plans for GBPUSD in the comments below. Let's exchange ideas and insights!
Long
by RaynLim
APPLE $AAPL - Feb. 23rd, 2024APPLE NASDAQ:AAPL - Feb. 23rd, 2024 BUY/LONG ZONE (GREEN): $187.15 - $196.20 (can be extended to 185.00) DO NOT TRADE/DNT ZONE (WHITE): $181.50 - $187.15 (can be shortened to 185.00) SELL/SHORT ZONE (RED): $175.40 - $181.50 Weekly: DNT Daily: DNT, Lean Bearish 4H: Bearish Currently would not enter in Apple, NASDAQ:AAPL , as I believe the current zone is untradeable, but something I would be looking for in the next week or so. Bulls could enter around 187.15, but an earlier entry might be above the current daily candle (also the current 4h structural high) around 185.00 or at the top of the bearish zone at 181.50. I did draw a bearish zone although I personally would not be looking to go short. The daily timeframe is lean bearish because the most recent level break was to the downside, weekly would need to see a new low (lower than the most recent two weeks) or a close below level 181.50 to be switched to bearish. 4H has strong bearish structure despite seeing two green days out of the last three. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
NASDAQ:AAPL
by TonyAiello
Lyft-ing Off: Why $LYFT is Poised for a Bullish Future NASDAQ:LYFT has retested the $12 major support level and has a huge bullish momentum. The stock highly undervalued at this price and due for a major upside. First off, let's talk about the elephant in the room: the pandemic. While it's been a wild ride for ride-sharing companies, Lyft has shown resilience and adaptability. They've implemented safety measures and expanded their offerings, which has helped them weather the storm. As the world continues to recover and people start moving around more, Lyft could be in a prime position to capitalize on the pent-up demand for travel and transportation. Secondly, Lyft has been making strides in the autonomous vehicle space. They've partnered with some big names in the industry and have been testing their self-driving cars in various cities. If they can successfully integrate this technology into their platform, it could give them a competitive edge and potentially drive down costs in the long run. Lastly, let's not forget about the power of the gig economy. As more people look for flexible work options, the pool of potential drivers for Lyft grows. This could help them maintain a strong supply of drivers and keep customers happy with shorter wait times and more reliable service. As a major competitor for UBER, Lyft is highly undervalued at this price and looking to make some major moves to the upside.
NASDAQ:LYFTLong
by EgideSimba
🌟📉 Exciting Update on USDCAD's Ranging Market! 📊💼As mentioned earlier, let's dive into the latest developments regarding USDCAD's market dynamics. Get ready for insightful updates and potential trading opportunities. 🚀📈 📉 Downward Trend Forecast: Our analysis suggests that USDCAD is poised to transition into a downtrend. Why? Because we anticipate further downward movement in the DXY (Dollar Index), which could influence the direction of USDCAD. Stay tuned for potential bearish opportunities! 👇📉💰 ⚠️ Managing Sell Orders: If you have active Sell orders through your EA, it's advisable to consider adjusting your strategy. Specifically, you may want to halt new sell orders when USDCAD experiences a rebound from the demand zone (1.3456), as illustrated. This adjustment can help you navigate the evolving market conditions effectively. ⚙️📉💡 🔄 Next Up: AUDJPY Ranging Market: Looking ahead to next week, we shift our focus to a new ranging market opportunity—AUDJPY. Stay tuned for our next post, where we'll provide valuable insights and analysis on this currency pair. Get ready for another exciting trading prospect! 📆🔍🌍 Embrace the updates, adapt your strategies accordingly, and seize the potential within USDCAD's ranging market. Don't forget to join us for the upcoming post on AUDJPY, where we'll uncover more trading possibilities. Let's make the most of these opportunities and aim for profitable trades! 💪💼💹 #USDCAD #RangingMarketUpdate #DownwardTrendForecast #AUDJPYNextWeek #TradingOpportunities 📈🔍💱
by ICT_Trader_SB
BTC Volatility Rollercoaster: A Tale of Passion N Patience."Reflecting on the recent BTC price movement, my earlier prediction of it not hitting ATH before the halving proved incorrect, as it soared to 69200. Although I missed the long opportunity after exiting in the 46k range, I don't regret not participating in the Bull Run. I maintain confidence in an impending market correction, anticipating the opportunity to buy BTC below 30k. Staying true to my strategy, I've initiated a short position at 68900 with a stop at 69200, acknowledging the associated risks. In contrast to the current bullish sentiment, I remain bearish, driven by insights from the MT Pandora's Box indicating an anticipated dump either before or after the halving. While my affection for BTC is undeniable, self-preservation takes precedence, and patience is my ally. I foresee a substantial dip below 30k, positioning myself for significant gains. Despite my optimism for BTC reaching 120k by the end of 2025, the current price doesn't align with my strategy. The introduction of BTC ETF has heightened volatility, and I anticipate more fluctuations during the upcoming market correction. For those already in the market, my advice is to hold tight; the drama is expected to subside in less than six months from October 2024. As the dump unfolds, focus on strategic buying rather than succumbing to panic-induced selling. Remember, patience is key, and hasty decisions may lead to regrets. Let's navigate these market dynamics with a calculated approach. Happy Trading BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD
BINANCE:BTCUSD.PShort
by MachiavelliTrader
💡 USDCHF: Forecast March 6USDCHF D1 decreased yesterday, with a narrower fluctuation range compared to the previous few D1 bars, showing cumulative price compression. With the current sideways state, yesterday's narrowing of fluctuations suggests the possibility of an explosion in price fluctuations for USDCHF in the near future. The accumulation status of USDCHF H1 is in the form of a symmetrical triangle model - which can create price fluctuations when the model is broken. The main trend of USDCHF H1 today continues to be waiting to buy.
Long
by Stone_Haven
💡 XAUUSD: Continued strong upward momentumGold prices were still trading near a three-month high on March 5 as US construction and manufacturing spending declined, while investors awaited a statement from the Federal Reserve Chairman. US state (Fed) Jerome Powell and important US employment data in February 2024 to provide signals on interest rate policy “The rally in gold prices was triggered by weaker-than-expected US economic data and a decline in real interest rates,” said UBS strategist Joni Teves. But the general trend is to promote buying at low prices and investors' positive psychology towards gold also makes the market prone to price increases." Market focus now shifts to Fed Chairman Powell's two-day Congressional testimony on March 6-7, while awaiting February jobs data, which will give investors more Clues about the "health" of the US economy and the timing of potential interest rate cuts by the Fed.
OANDA:XAUUSDLong
by Stone_Haven