XAUUSD UPDATEhi all
reversal or correction ?
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Nakedchartanalysis
XAUUSD UPDATEhi all
The FOMC meets eight times per year and releases forecasts in March, June, September, and December.
In June, the Fed announces two rate increases. In July, 1st raises the rate to 5.50.
Since the impact of oil only recently begun in September, I doubt the FOMC will hike interest rates to 5.75 percent this week.
As a result, the FOMC will hike rates for the 2nd time in October, to 25 basis points, once the October CPI data exposes the damage by oil cut.
After the FOMC meeting in October, I expect the USDX to gain.
technical point: I watch for a rejection at level 1900 for pullback
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EURUSD TRADE IDEAHi
The ECB Monetary Policy Statement released today makes trading highly risky.
Inflation in Europe is too high, however I still think the USDX has some medium bullishness left.
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GBPJPY TRADE IDEAhello
interesting
I noticed a flag pattern on HTF, and a bear trap on LTF.
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XAUUSD WEEKLY UPDATEHI
fundamental still same
Following the breakout of weekly support at 1893.070, the price rallied and tested daily resistance, which it failed to break for three days.
So, this week, I'd like to see if the price can break through the daily resistance to form a new resistance level and decline toward US CPI data and the FOMC meeting.
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Thanks a lot for your support
USDX UPDATEhi all
HIGH RISK and possibility an unsuccessful setup
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USDJPY TRADE IDEAHi all
short term trade
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
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EURUSD WEEKLY UPDATEhi all
fundamental view can read at my oil trade
For nearly seven weeks, the eurusd has lost ground. Price testing the next support level on a daily basis is expected this week, while the weekly chart indicates a possible H&S pattern.
GBPUSD WEEKLY TRADE IDEAHi all
Fundamental read oil analysis
After breaking through level 1.2590, the GBP/USD pair pulled back at level 1.27462 before continuing to slide and finishing the week at level 1.25773.
The price testing the next support level at level 1.24868 fibo extension daily, is what I'm anticipating this week.
Let me know what you think In the comments!
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USDX WEEKLY TRADE IDEAHi all
Last week, the price recovered from the previous resistance level to settle at 104.216. So I'm expecting USDX to test the next resistance level next week. If the next resistance fails to break through, the price may go back to the previous support level or LOWER
Let me know what you think In the comments!
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USOIL UPDATEhi all
Oil tested daily support for three consecutive days last week, but it was unable to make a new low and bounce.
So long as the wave doesn't break high (wave B), I think USOIL is making wave B and the next direction is C.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
XAUUSD UPDATEhi all
HIGH RISK
and HIGH possibility an unsuccessful setup
rejection at 50% retracement... waiting retest
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USDJPY TRADE IDEAHi all
after a long rally im look for a correction to wave A
I see a short-term chance to long the yen if it breaks out on the daily chart.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
GBPUSD UPDATEhi all
Similarly to the eurusd, I'm looking for a 50% or 61.8% fibo retracement for the gbpusd.
EURUSD UPDATEHi all
The eurusd broke the weekly support last week, and I'm expecting a 50% or 61.8% retracement.
BUT
Since the daily timeframe likewise had a 50% retracement from the LH to LL, I monitor any potential rejection on the 38.2% weekly fibo.
Let me know what you think In the comments!
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GBPUSD TRADE IDEAhi all
After three attempts to break daily support at 1.26201, the pound appears to be bouncing after the release of poor US PMI data.
Let me know what you think In the comments!
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EURUSD WEEKLY TRADE IDEAhi all
A failed daily breakout could cause the EURUSD to bounce back to the next resistance level.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
USDX UPDATEhi all
Following a breakout of the 103.256 level, I expect a correction to wave B.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
USOIL UPDATEhi again
im waiting a breakout on daily support before continue short to wave C
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
XAUUSD UPDATEHi all
Following a weekly breakout of the 1893.070 level, I expect a correction to wave B.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
GBPJPY TRADE IDEAhi all
I'm hoping for a pullback to wave 4 before going higher.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
USDX UPDATEhi all
I'm looking for a pullback around level 103.7, with a target of 102.1, before continuing long.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
USOIL TRADE IDEAhi all
Fibonacci expansion reached 1.618 and I'm now looking for a correction to level $82.40 before going short again and aiming for $74.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
