M. Abdullah Shaikh

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M. Abdullah Shaikh

M. Abdullah Shaikh

@sheikh805

Forever student of financial markets. Sharing Market Insights, Trade ideas, Facts, Tips & True Reality of Trading.

Katılım Kasım 2022
56 Takip Edilen162 Takipçiler
M. Abdullah Shaikh
M. Abdullah Shaikh@sheikh805·
So if both parties sign MoU tomorrow or within this week, main question will be is dual blockade removed? If yes, then we can see sharp downside on Oil and DXY while recovery on Gold. Will it be end to Iran/US tensions? No Don't mistaken MoU with full and final deal.
M. Abdullah Shaikh@sheikh805

Eyes will be on removal of dual blockade for a timeline decided in that MoU. But there is no guarantee of a deal to be reached even after signing MoU. Be aware of that.

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M. Abdullah Shaikh
M. Abdullah Shaikh@sheikh805·
Eyes will be on removal of dual blockade for a timeline decided in that MoU. But there is no guarantee of a deal to be reached even after signing MoU. Be aware of that.
M. Abdullah Shaikh@sheikh805

So we have the news of cemented solution soon (may be tomorrow). But remember in early stages, Memorandum of Understanding will be signed. Yes this can bring optimism to the market but if long lasting deal is not reached, we will see oil spiking up again for sure.

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M. Abdullah Shaikh
M. Abdullah Shaikh@sheikh805·
So we have the news of cemented solution soon (may be tomorrow). But remember in early stages, Memorandum of Understanding will be signed. Yes this can bring optimism to the market but if long lasting deal is not reached, we will see oil spiking up again for sure.
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The Kobeissi Letter
The Kobeissi Letter@KobeissiLetter·
BREAKING: The US has sent a list of "conditions" to Iran for a potential ceasefire deal, per Iranian state media. Terms include: 1. Iran will not be compensated for damages incurred in the war 2. Iran transfers 400kg of uranium to the US 3. Only one nuclear facility is permitted to remain active 4. No release of Iran's frozen assets 5. The ceasefire on all fronts is conditional on holding negotiations It has now been 78 days since the Iran War began.
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The Kobeissi Letter
The Kobeissi Letter@KobeissiLetter·
BREAKING: The UAE says a drone strike has hit the Barakah Nuclear Power Plant in Abu Dhabi and a fire has broken out.
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FundedHive
FundedHive@FundedHive·
What do you think FundedHive is still missing? 🐝 We’re building Hive for traders, with traders. Your feedback, ideas, and suggestions help us improve every part of the experience 📈 Drop the one feature, improvement, or change you’d love to see next at FundedHive 👇🔥
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M. Abdullah Shaikh
M. Abdullah Shaikh@sheikh805·
No important economic data scheduled in upcoming week for the U.S beside routine jobless claims and Michigan consumer sentiment to close the week. Focus will be on escalations/peace efforts.
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M. Abdullah Shaikh
M. Abdullah Shaikh@sheikh805·
4650s sells ran for more then 1200+ pips 🔥🔥 Still nothing changed. Blockade remains, inflationary pressure remains, both sides not backing out. See you all next week 🫡
M. Abdullah Shaikh@sheikh805

Price remain within consolidation between 4750 and 4650 Plan remain the same. 4900 supply zone, even liquidity sweep to 5000 remains valid sell areas. Moreover, if price respects 4750 and breaks below 4650/4600, I will be jumping into sells targeting 4400 and 4100 respectively.

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M. Abdullah Shaikh
M. Abdullah Shaikh@sheikh805·
US PPI at 6% US PPI at 3.8% Resilient labor market Elevated energy prices for longer period = Disaster for Feds Dual mandate at risk. And while labor market remain sound, Feds will focus on inflation and keep rates higher for longer. XAUUSD bears DXY bulls
M. Abdullah Shaikh@sheikh805

Price fail to break above 4750s which lead my runners closed at entry. US CPI Y/Y came above forecast which further dampen rate cut bets and cement rates higher for longer. Interesting to see how new Fed chair will tackle this as inflation is now almost double of Fed's goal.

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M. Abdullah Shaikh
M. Abdullah Shaikh@sheikh805·
Price fail to break above 4750s which lead my runners closed at entry. US CPI Y/Y came above forecast which further dampen rate cut bets and cement rates higher for longer. Interesting to see how new Fed chair will tackle this as inflation is now almost double of Fed's goal.
M. Abdullah Shaikh@sheikh805

Nice double bottom on intraday time frame around 4650s. Now waiting for price to break and hold above 4750s. No real escalation yet and CPI in focus tomorrow. If CPI comes at or below forecast, expecting more bullish move on gold towards AOI after initial spike to the downside.

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Capital Hungry
Capital Hungry@Capital_Hungry·
Negotiating to negotiate about talks to meet in person to talk over the phone to debate and negotiate to end the war soon psychosis 😅😁
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M. Abdullah Shaikh
M. Abdullah Shaikh@sheikh805·
📢UPDATE: My views on XAUUSD for the upcoming week. Share your thoughs below👇
M. Abdullah Shaikh tweet media
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M. Abdullah Shaikh
M. Abdullah Shaikh@sheikh805·
If you can only reset during weekend as a trader and find yourself in the loop of same mistakes you decide not to do when market opens and through out the week. Bro you need real fucking work to do 💯
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M. Abdullah Shaikh
M. Abdullah Shaikh@sheikh805·
Nice rejection from 4690 but fail to break above 4750 price point. Floating in profit, took some partials around weekly highs as we are heading towards weekend while rest of the position is risk free.
M. Abdullah Shaikh tweet media
M. Abdullah Shaikh@sheikh805

XAUUSD Trade Idea: (Short term) Will be looking to play short term gold momentum buys into HTF supply area. Price setups into new business month supported by optimism due to potential one page deal between US/Iran. Will position back to shorts one price confirms and deal failed

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M. Abdullah Shaikh
M. Abdullah Shaikh@sheikh805·
NFP/UER in focus for tomorrow. Solid labor market data will further cement rate higher for longer which will be bearish for gold. So we have to remain adaptive. But if we get more optimism of reaching a deal, it will hold more. And strong jobs data will be short lived.
M. Abdullah Shaikh tweet mediaM. Abdullah Shaikh tweet media
M. Abdullah Shaikh@sheikh805

Military build up remains as it is. Strait remains closed for all kinds of movement I want to take advantage of optimism holding weight coupled with new monthly flows price setups There is high potential of deal to be failed again but till then lets take advantage of some buys

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M. Abdullah Shaikh
M. Abdullah Shaikh@sheikh805·
Military build up remains as it is. Strait remains closed for all kinds of movement I want to take advantage of optimism holding weight coupled with new monthly flows price setups There is high potential of deal to be failed again but till then lets take advantage of some buys
M. Abdullah Shaikh@sheikh805

XAUUSD Trade Idea: (Short term) Will be looking to play short term gold momentum buys into HTF supply area. Price setups into new business month supported by optimism due to potential one page deal between US/Iran. Will position back to shorts one price confirms and deal failed

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