The gold market (XAUUSD) is forming an accumulation zone just below the key resistance at 3,040. A breakout is anticipated in alignment with the prevailing bullish momentum. Entry plan: — Buy Stop order set at 3,040 — Stop Loss at 3,027 (below the consolidation range) — TP1 — 3,055 (first structural target) — TP2 — 3,070 (channel extension) The trade will only be activated on breakout confirmation. Partial profit to be taken at TP1; remaining position to be secured at breakeven.
This 4-hour chart of EURUSD highlights potential Fair Value Gaps (FVGs) that could act as strong areas of support and possible reversal zones. Price action is currently trending within a descending channel, with three possible bullish scenarios outlined: 1. A breakout from the upper boundary of the channel leading to an immediate bullish move. 2. A retracement into the first FVG zone, followed by a reversal upward. 3. A deeper retracement into the second FVG, aligned with the 0.618-0.65 Fibonacci retracement level, before a strong bullish rebound. Keep an eye on these levels for high-probability trade setups. Patience is key!
FX:XAUUSD continues to rise amid weakening dollar demand due to Trump's imposition of new tariffs. GDP and Initial Jobless Claims ahead https://www.tradingview.com/chart/XAUUSD/Kot4hK5R-GOLD-Price-returns-to-the-channel-to-form-a-bullish-structure/ Gold is further supported by renewed concerns about a slowdown in the US economy due to trade duties. However, growth beyond ATH remains questionable due to geopolitical nuances. The market focus shifts to macroeconomic data: the final US GDP for the fourth quarter and jobless claims will be released today. Also the attention will be drawn to the speeches of the Fed representatives, who earlier made it clear that they are in no hurry to cut rates due to inflation risks caused by Trump's tariff policy Resistance levels: 3038, 3046, 3056 Support levels: 3033, 3025 The strong resistance is 3038. Breakdown and price consolidation above this level will provoke continuation of growth (there is a chance of ATH retest). But, since there is news ahead, gold may test the zone of interest and liquidity 3030-3025 before further growth. Regards R. Linda!
Fairly quiet morning ahead of US data this afternoon so would expect a retrace in GBPCAD given the levels of historic support and resistance shown on chart . Risk reward > 1:1 Stop 18495 Entry 18455 Target 18408 E.
Disclaimer: This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Stanmore Resources Ltd Stock Quote - Double Formation * A+ Set Up)) | Completed Survey * 250 EMA| Entry & Retest Area | Subdivision 1 - Triple Formation * Wave (3)) Ongoing Entry | Short Set Up | Subdivision 2 * (TP1) | Subdivision 3 * 1 Hour Time Frame | Entry Settings Condition - (Hypothesis On Entry Bias)) | Logarithmic Settings - Position On A 1.5RR * Stop Loss At 2.400 AUD * Entry At 2.150 AUD * Take Profit At 1.800 AUD * (Downtrend Argument)) & No Pattern Confirmation * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
Will JYD grow to 7.55 ? After a huge short, fibonacci learns us that movements from the past will be copied in the future.
My A+ setup on EJ. We hope for the best. Don't chase price, Allow price to come to you. We set our trap and wait for the market to come to us. HAPPY TRADING GUYS!!!
Disclaimer: This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
With price action on the monthly timeframe rejecting the underside of the 50-month simple moving average (SMA) at US$1.0927 and daily price recently completing a double-top pattern from the lower edge of said SMA (breaching the neckline taken from the low of US$1.0823), EUR/USD (euro versus the US dollar) bears will likely remain on the offensive until the pattern’s profit objective at US$1.0692. Given this, and seeing H1 price action recently fade resistance at US$1.0781, this could see the unit aim for US$1.07 the figure.