Get started

Ict

NAS100USD: Bullish Momentum with Focus on FVG Targets!Greetings Traders! Brief Description🖊️: Currently, NAS100USD is displaying a bullish delivery in structure, with institutional order flow entirely bullish. It's crucial to align with the market trend by identifying price action confluences that present buying opportunities. The H1 structure is supporting a daily Balanced Price Range (BPR), where the market has efficiently delivered price. Given this, I anticipate further bullish movement as price seeks to fill inefficiencies like Fair Value Gaps (FVGs) and Liquidity Voids. Things I Have Seen👀: Bullish Institutional Order Flow📈 : The market is delivering bullish price action, supported by H1 structure. H1 Buystops Taken✅ : Price has cleared H1 buystops and drawn into an H1 FVG, where I am looking for confirmation entries for a potential continuation upwards. Bullish Targets🎯: H1 Bearish Order Block (20,355.7): This is the initial upside target, representing the last efficiently delivered price action. FVGs Above: After reaching the H1 bearish order block, I expect price to fill the inefficient price action (FVGs) left above this zone. What's Important Now❗ Monitor the H1 FVG for confirmation entries and align with the overall bullish structure, as price is likely to continue its upward trajectory toward filling inefficiencies in the market. Best Regards, The_Architect
OANDA:NAS100USDLong
by The_Archi-tect
15
GBPUSD: The bullish run continues!The analysis of GBP/USD highlights a strong upward phase, with the pair holding above 1.3300, close to its 31-month high. The pair has extended its positive trend for five consecutive sessions, driven by various technical and economic factors. The current resistance level is around 1.3350, representing the upper boundary of the ascending channel. If this level is breached, the next resistance would be around 1.3400, a significant psychological barrier. Should the pair retreat below 1.3300, it could drop toward 1.3230, the lower limit of the channel. This would signal a possible correction, likely due to overbought conditions. The Bank of England (BoE) decision to keep interest rates unchanged, with only one policymaker favoring a cut, positively surprised markets. The overall tone was seen as "hawkish," with Governor Bailey expressing optimism that rates could fall but stressing the need for more inflation data. Positive retail sales data (+1% in August vs. a forecast of +0.4%) further supported the British pound, showcasing the UK's economic resilience, a positive factor for the currency. The US dollar, on the other hand, showed signs of weakness, especially following volatility in US equity markets, which could bolster GBP/USD’s rise.
Long
by Forex48_TradingAcademy
1
Gold's Surge on Fed Cuts and Geopolitical Tensions!Fundamental Trend and Macroeconomic Factors: Gold is continuing its bullish trend, supported by expectations of further interest rate cuts from the Federal Reserve (Fed). Lower rates make gold, a non-yielding asset, more attractive compared to interest-bearing financial instruments. Geopolitical tensions between Israel and Lebanon are also boosting demand for safe-haven assets like gold, further driving up the precious metal’s price. Technical Data and Trend Indicators: Gold has risen for the third consecutive day, with the price reaching a new record high of $2,634.74 per ounce. Daily technical indicators show signs of stabilization, although they remain in overbought territory, indicating that the bullish momentum might start to slow down. 4-Hour Chart Analysis: Technical indicators have begun to pull back from their recent highs with neutral-to-bearish slopes, signaling a potential retracement. However, gold continues to trade above rising moving averages, with dynamic support around $2,600. Future Outlook: Upcoming economic data, such as the August PCE Index, could influence the Fed’s future direction, determining whether interest rate cuts will become more aggressive. This factor will be crucial in assessing whether gold can continue its upward trajectory, bolstered by an expansive monetary policy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1
Gold Outlook Today we have experienced a new over purchase manager index PMI which has shown pretty much data that was the reason gold has moved up and USD has dropped now as the news is over and price is forming a resistance over 2630 physiological level also price is consolidating between 2615 to 2630 level which probably be making a flag pattern which is a bullish continuation pattern now we will wait for break above 2630 and break below 2615 then we will act accordingly Thanks
OANDA:XAUUSDLong
by Wakeel_Saab