The price structure on Thursday including the beginning of the Asia in the daily session of the S&P 500 implies a market going into Friday labor numbers with a bullish bias. If this is true that buyers are here, a close above 6120 would be an indicator of confidence in holding a long position going into the weekend. This would mean further follow through on Monday would be expected.
In my view, Gold need a correction we have a clear new candle negative in this big uptrend Gold should push arround 2900$ at the end of this week For now TP arround 2830$ maybe lower let's see After, I will be looking for buying opportunity
RULES: -If price break Point 2, 4, 6, or 8 cancel the setup -Price needs to break Point 1, 3, 5, or 7 to confirm the setup When price reach the 100FE(BLUE BOX) it normally does a pullback/retest or reversal The market can Truncate(fall short)
Expect a whole heap of mumbo jumbo as NFP is released later on today. Roll up your socks, tighten your boots cos Today will be a WILD RIDE!!
This index had no brakes pushing up with a great momentum, which is good for operations that are long and locked in profits, but it has a high volatility downwards, a resistance will be close to finding liquidity for buyers. I prefer to wait for a smart shopping area after a pullback to enter long.
Eth similar setup to BTC. I tried to snipe the short multiple times until I got it. It looks like it's holding stronger than btc, therefore my tp did not hit but I fully close the position at 1:6
I missed my first entry let's see if the market can get back to the Daily resistance for a new Entry with a good Risk/Reward Ratio
GBPJPY Technical Analysis February 7, 2025 Short Setup Analysis Yen Strength Daily: Major support break 4H: Price retesting EMA 21 Higher timeframe trend: Bearish Technical Structure Break of major support level on daily trend line Retest of EMA 21 on 4-hour chart Bearish momentum confirmed Multiple timeframe alignment show of strength in other yen pairs Trade Setup Entry: Short at EMA 21 retest (4H) Stop Loss: Above recent swing high Target: August 2024 support level Entry Confirmation: Rejection at EMA 21 on 4h
NVDA recently had a bullish candle after a correction, but it could just be a retest, so we need the next candle to close higher than the previous candle to verify if the bulls are back. If price closes higher than 128.68 area, we possibly may have price action to the 145-price range if price close below the 116-price area, then we might have price action to the 103 area. Please keep in mind this is all theory and speculation, and price can just consolidate again, and also verify for other confluences and please be careful.
To establish a strong buying position in gold, we need a price drop first, allowing traders to buy on the dip. Therefore, today’s bias for gold is to buy when the price pulls back. Alternatively, we can anticipate theshort positionat supply rejection