Very small risk on this one trying to play the reversal level. Once launched, we have to keep the trade the most time possible for the long run. Great Trade !
Central Bank Heads and Policy Influence Bank of England (BoE) – Governor Andrew Bailey Policy Stance: Andrew Bailey has emphasized caution on rate cuts, noting that UK inflation pressures are falling only gradually. The BoE has kept its main rate at 4.5% and signaled that it needs more evidence before easing policy. However, market expectations are shifting, with investors now pricing in two rate cuts in 2024 and a 50/50 chance of a first cut as early as June or August. Impact: The BoE’s cautious approach has supported GBP recently, but dovish signals and the likelihood of rate cuts later in 2025 are weighing on the pound’s medium-term outlook. Bailey’s leadership is seen as steady but data-dependent, and his upcoming role as Chair of the Financial Stability Board may enhance his international influence. US Federal Reserve – Chair Jerome Powell Policy Stance: Jerome Powell has reiterated the need for patience and caution before making any changes to US rates, stressing the importance of more clarity on economic and inflation trends. The Fed’s benchmark rate remains at 4.25%–4.50%, and Powell’s recent comments suggest the Fed is in no rush to cut, especially with inflation still above target and new uncertainties from US tariff policies. Political Pressure: President Trump has publicly criticized Powell for not cutting rates and has threatened his removal, but Powell remains committed to his term and the Fed’s independence. This political tension adds uncertainty but, for now, the Fed’s stance remains steady and data-driven. Impact: The Fed’s reluctance to cut rates supports the dollar, especially as the BoE moves closer to easing. This policy divergence is a key factor in the current and expected bias for GBP/USD. Summary Table: Central Bank Influence on GBP/USD Central Bank Head Current Stance Expected Policy Move Impact on GBP/USD Directional Bias Andrew Bailey (BoE) Cautious, data-driven Rate cuts likely in 2024 Weighs on GBP medium-term, limits upside Jerome Powell (Fed) Patient, hawkish-leaning Rate cuts delayed Supports USD, adds downside risk to GBP/USD Conclusion Near-term: GBP/USD retains a bullish bias above supplyroof , but the upside may be capped as markets anticipate BoE rate cuts while the Fed remains on hold. Medium-term: Policy divergence—BoE turning dovish and Fed staying cautious—suggests a bearish tilt for GBP/USD as 2025 progresses, unless US economic data weakens sharply or the Fed pivots sooner than expected. Central Bank Heads: The leadership and communication styles of Andrew Bailey and Jerome Powell are central to market expectations, with Bailey’s caution and Powell’s patience both shaping the pair’s directional bias. #SHVAYFXHUB
BINANCE:BNBUSDT is approaching a key resistance area around $620, which aligns with the daily downtrend line. This level has acted as a strong supply zone in the past, and I'm monitoring for potential bearish price action or rejection signals to consider a short setup. A clean rejection or confirmation below this level could offer a high-probability selling opportunity, especially if volume backs the move.
On this trade idea, I took a first anticipated entry but then I will wait for the break and retest to size even more. Great Trade !
The Enjin Coin (ENJ) is showing strong overbought signals on the hourly timeframe, presenting an attractive selling opportunity with a favorable risk-to-reward ratio. Technical Analysis: Current price: 0.0671 USDT with recent rejection at 0.0674 resistance level RSI (14) reading: 65.00, showing momentum shift after reaching overbought territory Volume profile: Trading volume of 447.81K shows significant activity but potential exhaustion Market structure: Price formed a clear resistance zone between 0.0671-0.0685 Key Observations: ENJ has formed a potential double top pattern with clear resistance at the 0.0674 level The price action shows signs of bullish exhaustion after the recent rally from 0.0630 RSI indicator has been trending downward from overbought levels, suggesting diminishing buying pressure Price is currently testing a key resistance zone with visible rejection wicks on the hourly candles Trade Setup: Entry point: 0.0671 (current price) or on rejection from 0.0674 resistance Stop loss: 0.0685 (above recent swing high) Profit targets: Target 1: 0.0650 (previous support level) - 31% of position Target 2: 0.0630 (strong support zone) - 49% of position Target 3: 0.0619 (green zone support) - 20% of position Risk Management: Maintain a risk exposure of maximum 2% of total capital Suggested position size based on volatility: ~145 ENJ Risk-to-reward ratio: 1:3.2 (excellent opportunity) Current market sentiment reflects fear (Fear & Greed Index: 32), creating conditions where retail traders may panic sell on the first signs of downward movement, accelerating our targets. Remember, proper risk management is crucial - stick to your exit strategy regardless of short-term price action
Price also happens to be at the 60% fib level which is added confluence. Will most likely cut this trade around $435 just to secure profit and so I don't have to hold as long. If it decides to crash then of course ill hold. stop loss no higher than $450.7
This trade idea has to be managed in live because we are very high on gold for now but the fondamentals are here and technicals too. Great Trade !
? Breakout from falling wedge with strong momentum. Clean retest held, confirming bullish continuation. Watching next resistance zone for potential reaction. Structure remains intact unless support breaks below.
Rebound to resistance rebound on holiday climb Passing the resistance will raise you to the second resistance.
The price has bounced from weekly support WS1 and currently trading above it. The next resistance is weekly resistance WR1 sitting around 165-195 zone. The price is headed towards this zone and in coming days or weeks it is going to hit this zone. However, there should be some pullback there. The next resistance zone beyond WR1 is weekly resistance WR2 sitting around 235-255. It is possible that after having some pullback at WR1, the price will eventually break WR1 and aim for WR2. However, WR2 is going to be strong supply zone and will push the price down again. I see still a possibility for the price to come down from WR2 to test weekly support zone WS2. But thats quite far yet, therefore, lets stick to the movement till WR2 and then we reevaluate the price action based on the reaction when the price hits WR2.