Elite Trade Signals – Crypto | Forex | Gold
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In the 15-minute timeframe, a wedge has formed.

If price breaks and closes below 1.935 followed by a pullback, short positions can be considered.

We will only trade if the conditions mentioned above occur.

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If the channel breaks and FVG liquidity is swept, we can enter long positions after the required confirmations.

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Price appears to favor continuing its downward trend.

The only scenario in which price could move against the trend and push higher is if it engulfs the 0.14984 level, followed by a pullback that provides a valid entry for higher targets.

Important: For the breakout to be valid, price must break above 0.14984 with a strong candle; otherwise, the move is likely to result in a fakeout.

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LONG POSITION

EUR/USD

ENT : 1.14163
SL : 1.14165
TP 1: 1.14210
TP 2 : 1.14240
TP 3 : 1.14280

RISK 1%

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After the FVG liquidity is swept, we can expect price to drop toward 61,150.

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NEAR Update – 1H Timeframe

If price manages to hold and stabilize above 1.924, it could push higher toward 2.100.

Otherwise, failure to sustain above this level may lead to a decline toward 1.769.

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LONG POSITION

EUR/USD

ENT : 1.14028
SL : 1.13965
TP : 1.14182

RISK 0.5%

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Following the news of the Strait of Hormuz being closed again, gold has dropped sharply once more.

Why is gold falling?

One of the main drivers of US inflation is energy prices. When the Strait of Hormuz is closed, oil prices rise, which ultimately pushes US inflation higher.

As a result, the likelihood of interest rate hikes increases in an effort to control inflation. When rates rise, the US Dollar strengthens, putting downward pressure on gold prices.

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After a Break of Market Structure (BMS) and a pullback to it, we expect a correction.

Upon seeing the desired confirmations, we will enter short positions.

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