As earlier stances marked, NFP data is today so green line marked ONLY for the based on news! Eitherways it looks very bearish to me, testing 93.2k and eventuall 90.5k. My stances are bearish as of now, only news can change stances, but again to trap. I have not seen or considered bTC dom but yeah thats it. NFP news plays a great role now
The first trade idea was stopped out (https://www.tradingview.com/chart/PEPEUSDT/eoeXfsqz-PEPE-10x-parabolic-run-in-February-March/), but we are going for a 2nd attempt at entering this trade close to the bottom. On lower timeframes we have a potential 1-5 and A-B-C wave structure completed which COULD mean PEPE is about to reverse from current price level. 12-15x from current level would imply a market cap of $50-65B at the peak. If reached, this should mark a major multi-year high. Entry: 0.00000928 Stop loss: 0.00000898 (red line) Target price: 0.00012 - 0.00016 Target time: late March - April Profit potential: 12-15x
My option about usdcad Is more bearish so that zone is good and strong restanice if the price comes to that zone it can pullback
Pairs on Watch - FX:GBPNZD A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
Bumping against the support of the pitchfork. Volume is picking up. $8 + target
? XAU/USD (GOLD) QUEEN VIP SIGNAL! ? ? Bullish Trend Continuation Expected! ? Signal: Gold is respecting the bullish channel and forming a strong support zone for the next move upward. ? Entry Zone: 2860 - 2865 ? Stop Loss: 2855 ? Target 1: 2890 ? Target 2: 2895 ? Strategy: ✅ Look for bullish confirmation at the support zone. ✅ Secure profits by setting break-even after 40+ pips profit. ✅ Follow the Queen’s accuracy for maximum gains! ? Let’s dominate the market with precision! QUEEN ALWAYS WINS! ???
Look for F5 break out at level 308. May breakout and pullback or consolidate and breakout.
To see the cycle repeat, it is critical to account for the build up of pressure and defense of the 1k 10k and 100k levels, then everything else follows the same extension and fib pullbacks.
Cable (GBP/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.2466 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 1.2523 which is a level that sits above the 78.6% Fibonacci retracement and an overlap resistance. Take profit is at 1.2374 which is a swing-low support that aligns close to the 61.8% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Maybe not today maybe it is going to be the coming week. I'll be patiently waiting for price to come to my point of interest at 0.91062 to short this pair. I select that zone due to wanting to sell at the Premium zone. I might get tagged or not doesn't matter. Kindly boost of you find this insightful ?