Ascending Trendline: The most visible technical aspect is the upward sloping trendline. This indicates potential bullish momentum, suggesting the Pound is gaining strength against the Dollar. Traders often use trendlines to identify potential entry points in an ongoing trend. Support Level: The trader has placed the stop-loss (SL) just below a recent low point, indicating they are using this low as a support level. If the price breaks this support, it would invalidate the bullish view. Resistance Level: The take-profit (TP) is placed above recent high points, suggesting the trader is targeting a resistance level. If the price reaches this level, it would confirm the continuation of the uptrend. Risk-Reward Ratio: The distance between the entry and stop-loss compared to the distance between the entry and take-profit suggests the trader has calculated a favorable risk-reward ratio. Fundamental Economic Factors (Hypothetical): Positive UK Economic Data: If recent UK economic data (e.g., GDP, employment, inflation) has been stronger than expected, it could strengthen the Pound. Hawkish Bank of England (BoE): If the BoE has signaled a more aggressive stance on raising interest rates to combat inflation, it could attract investment to the Pound. Weak US Economic Data: Conversely, if recent US economic data has been weaker than expected, it could weaken the Dollar. Dovish Federal Reserve (Fed): If the Fed has signaled a more cautious approach to raising interest rates, it could put downward pressure on the Dollar. Market Sentiment: Overall market sentiment could be favoring the Pound due to factors like political stability or positive news flow. Interest Rate Differentials: If the interest rate differential between the UK and the US is widening in favor of the UK, it makes the Pound more attractive to carry traders. Considerations for Publication: Disclaimer: Always include a disclaimer that forex trading is risky and past performance is not indicative of future results. Chart Clarity: If publishing, ensure the chart is clear and easy to understand. Fundamental Context: Provide context for the fundamental factors that may have influenced the trade. Risk Management: Emphasize the importance of using stop-loss orders and managing risk. Educational Purpose: Frame the analysis as an educational example rather than a trading recommendation. Time Sensitivity: Forex markets are dynamic, so the analysis may become outdated quickly. Important Note: Without knowing the exact news and economic data at the time of the trade, this analysis is based on general assumptions. A thorough analysis would require looking at the specific economic calendar and news events at the time the trade was taken.
ETH is breaking up the flag of newly address created, that means that alt season has officialy begun, good luck on your meme coin choices...
The price break our down channel and creat a CHOCH thats main the price is now in up trend and we have a strong zone if the price come back to we take long to the next supply zone LR
? Weekly AMEX:SPY / SP:SPX Scenarios for March 3 – March 7, 2025 ? ? Market-Moving News ?: ??? Anticipated U.S. Jobs Report ?: The Bureau of Labor Statistics will release the February employment report on Friday, March 7. Economists expect an increase of approximately 133,000 nonfarm payrolls, with the unemployment rate holding steady at 4%. ??? ECB Interest Rate Decision ?: The European Central Bank is scheduled to announce its monetary policy decision on Thursday, March 6. Markets anticipate a 0.25% rate cut, which would adjust the deposit facility rate to 2.5%. ??? China's Economic Targets ?: During the National People's Congress, China is expected to set its economic growth target at around 5% for the year. The government may introduce measures to boost consumption and support growth amid global economic uncertainties. ? Key Data Releases ?: ? Monday, March 3: ? ISM Manufacturing PMI (10:00 AM ET) ?: This index measures the health of the U.S. manufacturing sector. A reading above 50 indicates expansion, while below 50 signifies contraction. ? Wednesday, March 5: ? ISM Services PMI (10:00 AM ET) ?: This index assesses the performance of the U.S. services sector, with readings above 50 indicating expansion. Trading Economics ? Thursday, March 6: ? Initial Jobless Claims (8:30 AM ET) ?: Weekly data indicating the number of individuals filing for unemployment benefits for the first time. ? Factory Orders (10:00 AM ET) ?: This report details the dollar level of new orders for both durable and non-durable goods, providing insight into manufacturing demand. ? Friday, March 7: ?♂️ Nonfarm Payrolls (8:30 AM ET) ?♂️: A key indicator of employment trends, reflecting the number of jobs added or lost in the economy, excluding the farming sector. ? Unemployment Rate (8:30 AM ET) ?: The percentage of the total workforce that is unemployed and actively seeking employment during the previous month. ? Average Hourly Earnings (8:30 AM ET) ?: This metric indicates the month-over-month change in wages, providing insight into consumer income trends. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️ ? #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
EURUSD seems to be printing an Inverse Head and Shoulders(IHnS) which will be valid if price passes 1.04160 retest and continues with the take profit being 1.08826. Alternatively, a sell could take place especially because its NFP week and price moves in a bipolar manner.For this to be valid, price would need to fall all the way to 1.03500 retest and then the sell would be ripe with the take profit being at 1.00291.
Today, Monday, gold rebounded to the highest level of 2876 at the opening, and then fell to 2865 and fluctuated. At the weekend, we gave an analysis strategy for Monday's opening. At the weekend, we analyzed that the upper short-term pressure is at 2876-80, and the rebound touches 2876-80, which can be used to intervene in the short-term strategy. Today, we try not to chase more, and look for opportunities to intervene in short positions when the rebound occurs. The 4-hour pattern suppresses the price near the lower track of the Bollinger Band, the moving average system forms counter-pressure, and the MACD low-level dead cross indicates that the short-term momentum has not been fully released. From the 4-hour analysis, the short-term pressure on the upper side is the important pressure line of 2876-80, and the short-term support on the lower side is the line of 2825-2830. For the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market. Gold rebounds to 2876-80, short sell, stop loss 2888, target 2830-35, continue to hold if broken
Wave and XRP are mirroring each other today. If the pump of this morning is the signal of W1 of a new cycle, we are now in a W2(correction). Based on the price movement from this afternoon, bulls are very strong, maintaining wave B of this correction in a range above 38.2%. It is clear that this correction will follow one of the rare Wave 2 patterns, but we must now observe to identify which. I can see an expanded flat pattern shaping up, but that will only be possible if the bulls let lose and sellers step in. If bulls maintain their strength, a running flat or flat correction might happen. *I am not an analyst, this analyses is my Elliot Waves learning practice. Please correct me or give me advices on improving.*
Xauusd Market Structure has shifted price should continue below after it triggers the OTE level.
Daily 5 SMA's Crypto Revolution Indicator Crossing up Enter now is ok. RSA 13 is upward Stock RSI crossing up at 38.52-28.02 Bullish 108% Upside. Oh man, is this the time I have been waiting for? When all thinks just to fall in place, where all the losses can now be re coupled once more. I need to stick to the plan. The plan is the plan. Measure the success and improve then change it if it really is the right time.
Analysis ? AXS is forming a bullish pennant pattern ?. If the breakout is successful, the first target will be the green line level ?, and the second target will be the blue line level ?! ? Targets: ✅ 1️⃣ First Target: Green line level ? ✅ 2️⃣ Second Target: Blue line level ?