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Alrcapital

XAUUSD - WEEK 9, 2023.Hey again, I also see a highly probable set up that may occur here on gold this week, after Fridays daily engulfment I do see price moving higher into some recent highs for some liquidity.. Within my first POI (1849-1840) we have a few confluences to support this bias and set up, first we have Fridays bullish engulfment, then week 7's high aligned with general support and resistance (at my poi), then a unfiled order block from Friday and lastly a alignment with the 61.8 retracement level measured from the most recent leg to high. So my eyes are peeled here on gold too, watching it closely looking for any sort of confirmation before scale down into lower time frames and seeking a high R:R entry. Also, should price act as predicted, I'll be targeting $1870 - $1877.
EIGHTCAP:XAUUSDLong
by alrcapitaltv
US30 - WEEK 9, 2023.Hey everyone, My outlook on us30 this week is fairly simple, from a technical standpoint I see a clear confluence favouring my bearish bias with a dynamic resistance aligning its self with general support and resistant (33500 - 33600) which also aligns with one of the recent weekly lows and a order block.. That's four big confluences conveying POTENTIAL highly PROBABLE shorting scenario in which could lead into bearish trend continuation down to towards 32000 and lower. So I'm staying alert watching price very closely this week, if I see a solid D/4H rejection I will scale down into the lower timeframes seeking a factualised entry with an extremely high R:R towards my target areas marked here on the chart..
OANDA:US30USDShort
by alrcapitaltv
US30 POTENTIAL PLAYHey traders, I am hoping to see price follow one of these two paths today or tomorrow.. After a super bearish week last week and yesterdays candle closing pretty indecisive I do believe price is indicating it will be continue to move down into at a minimum 32640 (last weeks low) and possibly even reach 32500 (Decembers low) sometime this week and I believe it will possibly begin doing so today/tomorrow. So should price strongly reject 33100-33250 area I will be looking to enter in short down into the areas previously mentioned. Most preferably I'd like to see yesterday highs be liquidated first, that will entice me to risk more then if price just simply rejects the 33100 area as the more liquidity the makers have the more likely it is that price will reach my targets before coming back up to fill the massive imbalances that were left during last weeks run above my shorting POI. So let's wait and see what happens during ny session, I'll keep youse updated.
OANDA:US30USDShort
by alrcapitaltv
XAUUSD / GOLD - POTENTIAL SHORT PLAYAfter a clear rejection and daily close below the previous previous weeks low I see a possible short set up that could play out this week. My idea is we will see todays daily candle most likely liquidate yesterdays high during the upcoming london/ny session and then I'll wait and see if todays closure is below yesterdays high and the previous previous weekly low again. If this is the case, that will give me enough conviction to start scaling into some shorts with last weeks low being the final target. But for now, we sit on our hands and wait.
EIGHTCAP:XAUUSDShort
by alrcapitaltv