Bullish movementEnglish
First of all, we have a bearish structure on monthly timeframe, on weekly and daily is the same, but looking at it on 1h and 4h looks bullish with HH and HL, I believe the price is going up because of its structure and I´ll be waiting for it to get in the 200% extension and then have a retrocement in the 1.27 level, the market usually does those kind of movements.
Let´s see how the market continues.
*THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE*
Español
Primero que todo, tenemos una estructura bajista en mensual, semanal y diario, pero viendo el precio en 1hr y en 4h tiene una estructura alcista con altos más altos y bajos más altos, creo que el precio irá arriba debido a su estructura y estaré esperando a que llegue al nivel 200% de la extensión del Fibo y luego agarrar su retroceso hasta el nivel 1.27, el mercado suele hacer ese tipo de movimientos.
Veremos cómo continúa el mercado.
*ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
Trendtrading
Bearish movementEnglish
Right now, we are having very bad news for the crypto market, special with the Binance issue with the US regulators and Binance`s CEO had to abandon his position, it looks like agood moment to get the open liquidity which was open after those big bullish movements. There`s a debt in the 78% fibo extension which I believe is going to be taken after some days or weeks around the price 32$ per Solana and after that, we are going to have an amazing bullish movement.
However, we need to be careful because in any moment we could hear any news about the Bitcoin ETF which is going to make the market very very bullish, so... Be careful with the next movements in the price and the news.
*THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE*
Español
En este momento, estamos con pèsimas noticias en el mercado cripto, en especial con ese tema de Binance contra los reguladores de EU,los cuales provocaron que el CEO de Binance renunciara el día de hoy, y parece un buen momento para tomr la liquidez abierta que quedo cuando comenzó ese pequeño bull run. Hay una deuda en el 78% de la extensión del Fibo cercano al precio de los 32$ por Solana, el cual considero debería ir a tomar en los próximos días o semanas, después de eso, espero movimientos súper fuertes al alza.
Sin embargo, necesitamos ser cautelosos porque en cualquier momento podríamos recibir noticias sobre el ETF de Bitcoin y eso podría generar subidas astronómicas en el mercado.
*ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
💡 XAUUSD: Gold suddenly reversed and increased sharply➡️ After yesterday's sharp decline followed by a rebound, H1 gold is once again showing an upward trend, as it closed above its most recent high. However, the most recent H1 gold bar closed above the upper Bollinger Band, suggesting that the price may have entered an overbought territory, increasing the likelihood of a pullback rather than a continued advance. Given that D1 gold is approaching the 2,000 level, it would be prudent to wait for a retest before entering a long position in H1 gold.
✔️ - Today's H1 trend: Increase
✔️ - Buy Limit Strategy - TP: 2000
💡 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.
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.
💡 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
💡 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.
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!
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!
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.
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I check my trading system-inside this system the DJI TVC:DJI Has signaled a buy.
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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
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Trading can be an emotional game, but if you remember this strategy
and stick to it you will defend yourself.
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If you would like to learn more please rocket boost this content.
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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.
💡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.
💡 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.
💡 GBPUSD: Predicted November 17➡️On Thursday, GBP/USD continues its downward trend, making efforts to build positive momentum while consolidating slightly below the 89 and 34 EMA. If the losses intensify, a critical support level is identified at 1.2320. It is crucial to uphold this significant support to rekindle optimism for a continuous upward trend. Failing to maintain the price above this support level may lead to a decline towards the 1.2200 threshold.
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!
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.
💡 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.