Introduction We haven’t looked at 6C for a while, but there is an interesting pattern we can look at and learn from. Let’s break down the analysis and find high-probability trade setups while explaining the bearish divergence pattern highlighted in the image. Before we go further, you can learn all about bearish divergence in the Read More…
Last year, we introduced you to Karan, a funded trader who withdrew $17,500 from his funded trading account. This year, he is back with another big withdrawal while still trading his aggressive scalping style. Since our last article, OneUp Trader announced that traders could now get funded on up to three accounts at a time, Read More…
Fundamentals WTI crude futures rose 1.56% to $70.92 per barrel late Tuesday as fears of oil supply disruptions grew after Iran launched ballistic missiles at Israel. Iran fired over 180 missiles in retaliation for Israel’s campaign against Hezbollah in Lebanon, escalating tensions in the oil-rich region. ANZ Research noted Iran’s involvement raises concerns about potential Read More…
Gold prices pulled back slightly after rallying and ending higher on Tuesday due to escalating Middle East tensions. The conflict between Iran and Israel raised fears of a wider war, leading to a scramble for safety in the yellow metal. On Monday, gold prices dropped after Powell delivered a slightly hawkish speech. Initially, traders had Read More…
Introduction Bitcoin is up 43% YTD and 131% for the past year. The surge has come after a horrific bear market that saw ‘digital gold’ crash by 80%. The rally we have seen has now stalled, and the chart is no longer printing aggressive higher highs like we saw earlier in the year. However, it Read More…
Equities ended at record highs on Monday despite a hawkish speech from Powell that led to a drop in rate cut expectations. At the same time, market participants were gearingequ up for a new quarter and week packed with critical US economic data. Last week, equities had risen on Friday after US inflation data revealed Read More…
Introduction As we approach the final quarter of 2024, the E-mini Russell 2000 Index Futures presents a short trade opportunity that has caught our attention. After a 23% rally for the past year and multiple tests of the resistance level shown on the chart below, it could be time for a pullback. Let’s see what Read More…
Currency futures were mixed on Friday and Monday amid several economic and political changes in different countries. Meanwhile, the dollar fell after inflation data revealed softer-than-expected numbers. US core inflation (Source: Bureau of Economic Analysis) The US core PCE price index report on Friday revealed a 0.1% increase in August, smaller than the forecast of Read More…
Interest futures rose on Thursday and Friday as Treasury yields eased amid rising Fed rate cut expectations. However, the move was subdued as market participants waited for the core PCE inflation figures. Treasury yields eased on Thursday despite upbeat US data. The outlook for Fed rate cuts remains quite dovish, with investors pricing a 50% Read More…
Introduction The recent rally in U.S. equity markets, particularly the NASDAQ, has been fueled by the Federal Reserve’s decision to cut its benchmark interest rate by 50 basis points in September 2024. This dovish monetary policy has pushed equities higher. It is as simple as that, traders and investors simply follow the Fed now regardless Read More…
