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GBP/USD Signals Trend Shift – Impulsive Upside ExpectedThe chart shows that GBP/USD has completed a full W–X–Y corrective pattern, with the final wave (y) and its C wave forming a clean bottom near the long-term support line. From that low, price has started a strong upward move, which looks like the beginning of a new impulsive Wave 1. The current pullback toward the 0.382–0.618 Fibonacci zone is typical behavior for a Wave 2 retracement before the next strong rally. As long as the price stays above the invalidation level at 1.30094 (the wave (y) bottom), the bullish scenario remains valid. This suggests that GBP/USD is preparing for a larger Wave 3 push to the upside. Stay tuned! @Money_Dictators Thank you :)
Long
by Money_Dictators
XAU#23: Gold Continues SW – Waiting for a Boost from CPI News?🔥 Immediately after the decline FOREXCOM:XAUUSD , there was a recovery with a large amplitude. Looking at the price reaction, we will plan the next step OANDA:XAUUSD : 🔥 1️⃣ **Fundamental analysis:** 📊Gold rises on tariff concerns, but is under pressure from the Ukraine-Russia ceasefire agreement 🔹Gold prices rise on a weaker USD and increased demand for safe-haven, as concerns about a US economic recession become more evident. 🚀The US market faces risks from Trump's tax policy, Fed interest rates and slowing growth of large technology companies. Weak CPI & PPI data could prompt the Fed to ease policy, creating conditions for gold prices to continue to be supported. 📌 In recent days, trade wars and geopolitics have continuously coordinated the price of gold. Continuous declarations of tax imposition, response and withdrawal have caused the price to fluctuate strongly. 2️⃣ **Technical analysis:** 🔹 **Frame D**: The bullish price structure has not changed. Yesterday's price increase brought momentum to the prospect of gold's increase. However, to break out of the SW zone, we will need strong enough momentum from both news and price structure. 🔹 **Frame H4**: The downtrend has been confirmed when the price reacted strongly in the resistance zone. The price continues to be in the old SW zone. We will have to wait for confirmation from the price structure in this area to predict the trend and wait for the opportunity to establish a position. 🔹 **Frame H1**: The bearish price structure has been established and yesterday was a recovery to the resistance zone. It is too early to say that the price will break through the SW area. 3️⃣ **Trading plan:* ⛔ At the current price range, the price line is likely to SW waiting for today's CPI news. If we have not established a position, we should not FOMO at this time. Because the information given at this time can change at any time and the price line has not been clearly confirmed. ✅ An ideal scenario when the price has a correction to retest the H4 trendline. The upward momentum will be clearer when the price bounces from support. However, yesterday's price increase has not ended yet, so we should wait for the price structure to appear more clearly to place an order. 💪 **Wishing you successful trading!**
ICMARKETS:XAUUSD
by TonyL0ng
SELL WTI (XTI/USD) 77.15 , With 180 PIPS OBJECTIVEWe are going short on Crude Oil, Due to adjustment of sentiments, and expect to move lower. News: Drone Strike Heightens Supply Fears Crude oil prices witnessed a surge on Monday due to increased tensions in the Middle East. A drone attack targeting U.S. forces in Jordan, believed to be orchestrated by Houthi rebels, has raised concerns over potential disruptions in oil supply. This situation is compounded by repeated assaults by the Houthis on vessels navigating the Red Sea, notably impacting a fuel tanker operated by Trafigura. Traders are now awaiting a response from the United States that could escalate the turmoil in the area. The price action has been volatile early in the session with crude oil jumping substantially on the opening, but then pulling back more than $1.00 as traders sold the initial rally. The lack of speculative buying to sustained the price surge likely led to its intraday collapse. The price is likely to collapse again when the dust settles.
BLACKBULL:WTIShort
by fxtriangle
GBPAUD Trading Plan - 08/Sep/2022Hello Traders, Hope you all are doing good!! I expect GBPAUD to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Long
by For3xScalper
EURUSD Trading Plan - 19/May/2022Hello Traders, Hope you all are doing good!! I expect EURUSD to go down after this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Short
by For3xScalper