MARKET COLOUR FOR THE WEEK 25TH NOVEMBER 2024
Nov 24, 2024 9:01 pm
HI ,
Happy New Week!
How was your trading last week? Hopefully, it went well for you!
We had a great week here at Value Flow Trading—profitable and full of learning. Now, we’re looking ahead to another week of exciting opportunities and potential wins.
Quick reminder: “It’s not about how big your withdrawals are, but how consistent they are. That’s what keeps your morale high as a trader.”
Here’s what we’re seeing for the week ahead:
USD Analysis
The dollar is still riding a bullish wave after the election results, solidifying its place as the go-to safe-haven asset right now.
Our outlook? We expect this rally to continue for a bit longer before a pullback sets in. This could open up some interesting setups, like shorting GBP/USD and EUR/USD, before possibly shifting to long positions later on.
Check the chart below for more details—let’s make it a great week!
JPY
Last week, the Yen basket showed overall bullishness but traded within a range, keeping most Yen-correlated pairs bearish and range-bound.
Looking ahead to this week, we’re expecting further sell-offs in the Yen as it moves to clear liquidity below the daily unmitigated order block. Once this liquidity is taken out, we anticipate a bullish trend to resume.
This setup offers more sell opportunities on Yen pairs in the short term. Check out the chart below for a clearer view of the potential moves!
GOLD
Last week, we saw gold continue its sell-off, hitting 2538.862 and a pullback to 2716.355.
This week, we’re looking at a potential further pullback to the 2738.709 level before the downtrend picks up again. Once our Value Flow Models align, we’ll be watching closely for confirmation to continue riding the sells.
Check out the chart below for a detailed breakdown of the setup and where the opportunities might be. Here’s to a productive and profitable trading week ahead!
Trade wisely and apply prop risk management.
Here's to a week of smart decisions and consistent profits.
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Cheers!
VFT Team