XAUUSD UPDATEXAUUSD is setting up for a significant buying opportunity around the 2685 level. With the market dynamics aligning, it’s crucial to remain patient and let the price action confirm the entry before taking any decisive steps.
Zartrader
XAUUSD UPDATEXAUUSD is setting up for a significant buying opportunity around the 2685 level. With the market dynamics aligning, it’s crucial to remain patient and let the price action confirm the entry before taking any decisive steps.
USDZAR moving up fast & breaking out with USD strength
I mentioned in a publication today during the Asia session about how I see the continuation of the US-Dollar to continue to power and move through 106 soon like a knife through melting butter.
This is a big reclaim its making on the Poland currency. I bought in recently as it crossed the 200EMA on the daily.
The weekly chart price is powering up a double-top. It will break through this level, USD is gaining so much momentum and it looks to remain that way for the foreseeable future in my opinion.
Gold under so much pressure despite still in a bull-run, lower prices to ensue this week for Gold. Cryptocurrency and the USD$ to power on.
DYOR. These are solely my opinions. I formulate these ideas from charts and price history. I pick a direction. Last Friday I publicly announced here on TV that Gold and Silver would slide in a bigger way this week. It's happening and it will continue to happen because as I mention above, the USD$ is continuing its breakout over 106 soon.
Cheers,
Chris
Daily chart below:
USDZAR | Weekly | UpdateLooking at USDZAR on our weekly chart we can notice that USDZAR has been failing to break to the downside as has been respecting our previously outlined levels. To elaborate further we can take note of the fact that USDZAR’s failure to break through our 17.50xxx Psychological level confirmed a new higher low on the pair after which it started rallying back up and is now trading above our 19.0xxxx price point; we can also take note of the fact that after USDZAR failed to break our 17.50xxx level creating a new higher low it gave us the opportunity to identify the formation of that bullish channel within our already existing long term bullish trend.
Now looking to the right on USDZAR we can notice the possibility of it creating a new all time high between our 20.50xxx and 21.50xxx respective levels and considering the current economic climate in South Africa and the upcoming elections causing further instability in the ZAR so we could possibly see the USDZAR head towards these levels as we head into 2024.
USDZAR TRADE IDEA (12/12/22) : MON/WEEKUSDZAR has been selling for most of last week, closing out with a buy action. Once it hits market structure it’ll look to buy to supply.
This is just an idea.
US100The perfect trade, If you placed a buy stop or buy limit either one was triggered and did an amazing thing.
Move SL into profits or BE but do not donate back what you just took from the market.
GJThe market is playing out close to how we said it would. I'm watching and waiting for the market to break impulsively and retest before entering.
GJWhat I am potentially seeing, what could happen. Markets are still confusing me in England so I prefer certainty. Friday, I took many trades but they were short trades and didn't last too long. I'll try put the picture up.
GJHonestly confused, especially with the England climate so I've closed all trades and decided to take a backseat.
US30Manually closed as this is going to be interesting but I'm watching for the close of the next two candles to determine what my next move should be.
UJSL moved into TP because we are not mountains so we don't have to force to be moved we can actually move. Plus the momentum is changing and giving us new structure so rather than be stupid we protect our funds.
US30If you didn't close or move SL into TP your morning is a cup of tears. Manually close, we are seeing a reversal possibility
US30I honestly thought this would trigger tomorrow but bottoms up right. Either way move SL into profit if you are going to sleep or close with your current profit. Riders and chancers will let it either hit SL or TP, (NOT RECOMMENDED, THAT THING ABOUT TIME AND BROKERS)
UJWatch it as there is potential for an explosive candle which will either be bearish or bullish which will wipe out some orders. This will be to direct the momentum that the market wants to go.
US100On my trade TP hit, here we are just a few points away. So different brokers obviously offer different spreads and this will affect your trades, so take that into consideration with brokers.
US100Here my analysis hit SL, but my actual trade hasn't hit SL so now we in Profit and we move SL into profit.
GJNot a good week, I think this weekend is meant for a regroup and refinement. Need to leave the markets for a bit and reconfigure my thinking.
GJIt had a double bottom, previously tested level that wasn't broken, engulfing bullish candles, long term bullish structure and it is one of the patterns I trade. Earlier I couldn't explain but this is why I had placed my Longs here and SL just under previous lows. Those that are busy move your SL to just into profit or BE, the market is not your fathers house remember that when trading.
GJNot too much to explain but those that see, do. Those that don't I'll come back to explain, kind of caught up with some other things.
US100I had FOMO from not entering the market this week, this was practice analysis. Didn't take the trade but just monitored. Missed the TP by a few points, but that further suggests that our trading edge is sharp but could (and will be) a lot sharper.
BRENT CRUDE OILOnly have this because we recently had a petrol price (gas/ fuel price) in South Africa. This usually happens before the price rises again, when we get cheaper prices it's the scraps of the current production. That's why our prices are never inline with the world average.
US30Same as US100, I went in without a SL. My forecast and market structure all had a hand to add in my belief of direction. Yet it was risky, it did pay off and my TP was hit, think due to spread offered by my broker. Tomorrow is another striking day, so let's prepare and put on our belief and education.
