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P2P | SPX - Mark upHey there trading family, just wanted to drop a few transparent pieces relating to any recent posts about #DXY. As I mentioned, I am overall bullish on the #dollarindex due to numerous reasons I explained in the videos. This mark up on SPX was on of the chart ideas I had from this previous week and my long term analysis was correct! So going over this trade, I'm simply using opposing forces combined with some #smt #ict knowledge of time and price (for the most part) and forming an idea around what SPX could proceed with next week. Now for the record I don't normally trade SPX so this was a step out of my comfort zone. I wanted to post it to show that, becoming a great you must accept loses, so in my mind I'm already thinking "this could go horribly right or beautifully wrong" lol but either way I'm okay with the risk so I would be okay with the trade. In conclusion I believe we will see SPX continue to fall but only in correlation to the dollar index. This mark up is more set on a long term Q by Q play so I will update the trade periodically! & No more disclaimers, I expect everyone who follows the channel to be wise enough and financially competent to trade at their own risk. Love yall, trade well, and make it your mission to put the work in all 2023!
SP:SPXLong
by Pips2Porsches
Gold Setup Idea: Pre New York (Oct 5, 2022)Analyzing price action from the past 2 Sessions, Asia and London, I see bears stepping in. The Bulls are hitting daily resistance and may need to breathe. Asia and Pre-London both retested the high formed, both Monday + Tuesday were very bullish days, so I am not going to be surprised if we see a Bearish NY session today, or possibly some consolidation. But what I am looking for is price to break the 1H Support, and then form a LTF resistance; once the resistance low is broken I will enter my short trade assuming the range is still 50+ pips.
FX:XAUUSD
by SoManyDistractions
cryptocurrenciesa big date for Etherium is approaching. Ethereum developers expect the merge to take place during the week of September 15, 2022. That’s not a guarantee, however, and given how long it has taken for the merge to come this far, it wouldn’t be a big surprise if the Ethereum team delayed it even more. Still, it’s an exciting time to be in the crypto and NFT space. The merge represents a similar kind of value test, just under different circumstances. For example, the 32 ETH needed to independently stake as a validator is a high barrier to entry for most of the community. In our view, we have to include Etherium on our watchlist ahead of the potential merge. If the transaction takes place we could see a positive momentum. We see solid support level around $1400 level with resistance around $1680.
BITSTAMP:ETHUSD
by IrinaTK
AUDCHF 'Long' Trade IdeaA 'buy' trade opportunity presented itself on the AUDCHF trading chart, following the bullish pin bar at the end of a bearish run. The pin bar closed above the 0.68214 daily horizontal support level, signalling a rejection of the same level and providing a buying opportunity. An RR of 7.38 is possible if you enter the trade at the 0.68452 price level, with your stop at 0.68162 (about 29.0 pips) and target at 0.70592 (about 214.0 pips). Please check with your setup before placing any trade. Happy trading!
Long
by charles-okoukoni
4
ANT Huge Opportunity Coming "Huge Volume"As we can see, we're so close to our entry for a long term trade, this is one of the best setups for ANT/USDT Futures/Spot, by use only low leverage and a good entry, we'll make a really good profit, by entering from ATL support and profit on ATH level. Entry : 4 - 4.3 Leverage: x1 - x3 Short term/ Mid term: TP: 5 - 6 Mid /long Term: Tp1: 6.5 Tp2: 10 Tp3: 14 SL: 2.75 ----> Remember: Use only 2% - 5% of your capital, do not over leverage, in case it goes all the way down than you can buy more/ add to your position. Stay Safe. GOOD LUCK EVERYONE
ALong
by MHQHPRO
2
What you need to know to trade GBP/USD next week. 📈How to trade GBP/USD the upcoming week? Let's find out. If you like this post, please leave a "LIKE" for support. Thanks! FUNDAMENTALS: Last week, the EU granted a delay to the chilled meat ban in Northern Ireland, which was one of the reasons for the pound to become quite resilient against most other major currencies, even against the USD bull. However, comments by Bank of England Governor Bailey who warned against a potential over-reaction to inflationary pressures put some selling pressure on GBP and lowered tightening expectations. Still, the resilience of the GBPUSD pair, despite the rising cases of the Delta virus variant in the UK, shows that markets are still expecting a strong economic rebound in the country. The US NFP beat estimates but a softer unemployment rate and unchanged wages encouraged USD bears to put some selling pressure on USD. The upcoming US Independence Day (US markets closed on Monday) and the recent USD strength also led to some profit-taking, which put further pressure on the USD. Overall, markets will likely continue to price-in a Fed rate hike due to the stronger NFP while shaking off the weaker unemployment rate and unchanged wages. With the GBP well supported in the previous period, despite the Delta variant spread and Bailey's comments, markets will likely stick to their bullish GBP bias. Latest Headlines: USD News: US dollar moving to new lows. Now the weakest of the major currencies US factory orders for May 1.7% versus 1.7% estimate US stocks are opening higher after less scary jobs report US Dollar Index retreats from tops post-Payrolls, back around 92.40 US Dollar Index Price Analysis: Next on the upside comes in 93.50 GBP News: Pound Sterling Price News and Forecast: GBP/USD approaching critical support UK PM Johnson: We have built up considerable wall of immunity in UK GBPUSD moves higher and looks to move back above the June low GBP/USD rebounds swiftly from 2-1/2-month lows post-NFP, upside seems capped Upcoming Market Reports: Here are the most important market reports for GBP/USD to follow in the coming days (all times are UTC timezone): Monday at 12:00: USD Bank Holiday (Expected: , Previous: ) Tuesday at 14:00: USD ISM Services PMI (Expected: 63.9 , Previous: 64.0 ) Wednesday at 14:00: USD JOLTS Job Openings (Expected: 9.34M , Previous: 9.29M ) Wednesday at 18:00: USD FOMC Meeting Minutes (Expected: , Previous: ) Thursday at 12:30: USD Unemployment Claims (Expected: 375K , Previous: 364K ) Thursday at 15:00: USD Crude Oil Inventories (Expected: , Previous: -6.7M ) Friday at 10:00: GBP BOE Gov Bailey Speaks (Expected: , Previous: ) INTERMARKET: The recent increase in UST yields on the hawkish Fed shift pushed the 2-year US/UK yield differentials lower. Pound bulls need to keep an eye on this divergence as global yield-chasing could lead to selling pressure in the GBP/USD pair. USD INDEX The fall in the US yield curve (bull steepener) after the US labor market report will likely be short-lived due to the hawkish Fed. All eyes will be on the FOMC meeting minutes on Wednesday, especially on the arguing of the seven hawks who voted for a rate hike in 2022 on the Fed dot plot. In the short-term, the picture looks bearish as the USD Index also broke below a rising trendline (next support at 91.50). SENTIMENT: CoT: Hedge funds and other leveraged money increased their bearish GBP bets while long positioning remained almost unchanged. It's important to note that bullish bets are near 12-month extremes, or at least near the 90 percentile. USD positioning (according to the USD value of contracts in other currencies) lies near short extremes. Even though bullish positioning increased in the previous week, there is still a possible risk of a short squeeze. This suggests that market positioning is somewhat bearish for GBP/USD. Currency Strength Index: Looking at the currency strength chart for the last 4 days, the USD sell-off on Friday pushed the USD significantly lower while the GBP remained almost range-bound. The fall in US yields across the board could lead to a short-term correction in the USD, although - as mentioned earlier - I believe that markets will continue to price-in a rate hike for 2022 (the FOMC meeting minutes on Wednesday will be a key event for this.) TECHNICALS The GBPUSD pair broke above a bearish trendline on the 1-hour chart after facing some support at a long-term (daily) bullish trendline. The intraday bull run on Friday was accompanied by a surge in trading volume, signaling further upside potential during the next week (especially in combination with the picture in the USDx and US yields.) Levels to follow (Liquidity): Major resistance: 1.4000 Minor resistance: 1.3870 Minor support: 1.3815 Major support: 1.3730 == SUMMARY == I am short-term mildly bullish on GBP/USD. Please hit the 'LIKE' button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks!
Long
by MujkanovicFX
8