Hello, traders Gold prices accelerate their weekly recovery and flirt with the key $2,940 mark per troy ounce on Wednesday on the back of the lack of direction in the Greenback, tariff concerns and cooling US inflation.
gonna grab IWM $210 calls for next Friday FOMC is Wednesday seems like trump is pushing for rate cuts. also had Canada cut .25 today and if this bit of green carries over it will be a banger. as always trim along the way make the FOMC trade free. lets eat
EUR/USD Comprehensive Analysis as of March 13, 2025 This analysis delves into the EUR/USD currency pair, utilizing technical and fundamental perspectives to formulate a forecast. Note that market conditions can change rapidly, so always conduct due diligence before entering any trades. Fundamental Overview Key Factors: Economic Reports: Eurozone Economic Indicators: Watch for recent GDP data, employment figures, and inflation rates (CPI and PPI) which can further influence the euro's strength. U.S. Economic Data: Pay attention to the Federal Reserve’s stance on interest rates, particularly after recent employment reports and inflation numbers. Any unexpected shifts can lead to volatility in USD. Central Bank Commentary: Both the ECB and the Fed provide insights into their monetary policy stances. Hawkish comments could strengthen their respective currencies, while dovish stances might weaken them. Global Events: Monitor geopolitical events such as fluctuations in oil prices, the status of U.S.-China relations, or tensions in the Eurozone, as these factors can influence market sentiment. Technical Analysis Multiple Timeframe Perspectives Daily Chart Analysis: Trend Direction: The pair has shown a range-bound movement recently, oscillating between levels. Watch for clear direction indicators. Key Levels: Support: 1.0800 (recent lows indicating buyers) Resistance: 1.1200 (a critical barrier acting as resistance) 4-Hour Chart Analysis: Price Action: Observing oscillations between support and resistance, analyze immediate price movements for breakouts. Technical Indicators: Look for bullish/bearish divergence between price and momentum indicators like RSI or Stochastic. 1-Hour Chart Analysis: Short-term Signals: Use indicators such as Bollinger Bands or Moving Averages to identify short-term trading opportunities. Recent Highs and Lows: Tighten your focus to develop entry points based on recent swing highs and lows. Key Support and Resistance Levels Support Levels: 1.0800: Psychological support level that has held previously. 1.0750: A minor but significant level if price declines further. Resistance Levels: 1.1200: A vital resistance level that the bulls need to overcome. 1.1250: Secondary resistance level which acts as a point of interest for bullish targets. Breakout Points Bullish Scenario: A confirmed breakout and close above 1.1200 with volume can trigger additional buying pressure, targeting 1.1250 and potentially 1.1300. Bearish Scenario: A decisive breach below 1.0800 may signal a shift into bear territory, targeting 1.0750 and 1.0700 for bearish traders. Detailed Trade Setup Bullish Trade Setup Entry Point: 1.09592 (triggered by bullish confirmation above resistance). Stop Loss: 1.09000 Take Profit: 1.1032,1.1132,1.1300 ). Bearish Trade Setup Entry Point: 1.0780 (once price confirms a breakdown below support). Stop Loss: 1.0810 (30 pips above entry to manage risk). Take Profit: 1.0700 (approximately 80 pips down, enabling a favorable risk/reward). Risk Management Risk/Reward Ratio: Aim for a minimum 1:2 ratio, which might include wider stops or targets depending on volatility. Position Sizing: Ensure only a small percentage (1-2%) of total capital is risked on a single trade. Use proper calculations to determine your lot size. Market Monitoring: Always stay informed with real-time updates on economic data and news that can influence currency pairs
As explained in the video, we have several bullish confirmations... Key Sup 190.3 Key Res 193 - Bullish CHoCH - Formed a new HH and HL - H4 TL break and retest - Retest of bullish OB - Multiple bullish FVGs - Bullish MACD I have a small position open... ?BUY GJ 192.315 SL 191.6 TP1 192.515 TP2 192.815 TP3 193.315 TP4 194.315 Will scale in another position if we get a break and close above 193.
Imagine that the market always fills gaps and in order to do it they create constant fake news to balance everything out. If that was true @214/238 is a gap to be filled Then we go even lower to $145/157 But only IMAGINE if someone dare to fake situations to balance this out. Crazy thought, right? right? right? I don't hear anyone saying "yeah"
If we are experiencing a similar run to 2017 we would be 847days into the bull run I have shown the bars pattern for where price could go with the rest of the time left, which shows a 3500% gain this bull market. This is compared to the 2017 run which was a 9000% gain to the top. We have some bull time left is the take away if the runs are comparable. Weekly chart.
The rise on the chart isn’t supported by volume… That’s why I’m expecting this uptrend, which is already moving very close to the trendline, to break down suddenly. At the same time, there’s a bearish divergence on the RSI. So, I’ll be taking a scalp short around the 0.042-0.043 zone with a tight stop-loss.
The price action I was looking for yesterday didnt happen till mid London session after i stopped looking. Now that we have confirmed bullish im looking for a pull back inside of a gap before taking any entry.
BGBUSD has seen some incredible up movement so i expect this curved up trend to break down which i have shown with the green bars tool. I have two support targets shown with the price label tool along the dashed red horizontals Daily timeframe
A few years back, I traded GME based on the 741 theory left behind by RC and RK. I traded 741 trading days from the start of the purple box (June 2021) It placed me at April 2024, so I waited and purchased my shares then. Recently, in June 2024, RK released his SEC Chewy Filing (Likely trying to say look back at the month June - its a stretch but just hold on) I decided to look back and count 741 trading days from the first purple box, starting at October 2016. It placed me at August 2020. Take a look at August 2020 candle and April 2024 candle, and the candles leading up to it. So October and June both are the start of what is likely 3 year swaps. This means if RK decided to mess around with Chewy, then he forced hedgefunds to enter another 3 year swap with these stocks, forcing another sneeze waay down the road. Back to my weird old 741 method as the first time through was simply luck combined with watching pressure over time. So I decided to truly look further into why this 7-4-1 and "35 minutes ago" kept appearing in RC and RK's tweets. Since RK's Return, i've been watching the monthly chart and counting the months from 0-7, 0-4, and 0-1. i.e., May = 0, June = 1, and so forth. May to December = 7 Months December to April = 4 Months April to May = 1 Month Damn that looks like its all Green Candles on those months... But what about April and May? Well, lets go backwards to go forwards right? Lets take a look at pre sneeze leading up. September to April = 7 Months April to August = 4 months August to September = 1 Month Wait a minute, are those all green Candles again? And before a Sneeze??? Can't be... If projected forecasts are correct, and if DFV does make his return, then I believe we entered the pre sneeze faze last year when DFV returned. He was trying to tell us something. IF were in the pre sneeze faze which would bring the price back to the $80 area for a 3rd retest, then you can see where the next few months after lead. It will break that retest with the help of a little kitty. That's when shit gets frisky again. Keep an eye out, collateral is drying up and the shit winds are blowing it away. Edit: The Purple Box contains 35 bars from the start of the box to each bottom before a sneeze, followed by 17 bars of sneezing As in Ozymandias did it 35 minutes ago.