Fvg
xau/usd sell tradeWith plenty of liquidity to downside and huge 4H FVG down below i will be looking for short position on gold... with price peaking at 1795 phycological level price has since been struggle to get back above... DXY has a buy maker model up into the 1H FVG , that in mind sells against the US dollar seems logical.
gold has taken previous daily high so i will be looking for shorts within this region of 1790 but we could see a manipulation of the asia high between now and London open before finding a possible sell entry and targeting 1750 region where the equal lows are, then possibly 1730 region.
happy trading
| ONZO CAPITAL |
Formation of clean bullish Wolfe Waves on BitcoinBullish Wolfe Waves appear on Bitcoin's 1 hour chart. This could be an indicator for short term reversal. Point 5 having a relative increase in trading volume makes me more confident in this setup.
I would be using the 1-hour Fair Value Gaps / Imbalances as areas to take some profits with my last target being the local high marked with a green line. Golden pocket doesn't look that significant as it was visited with a reaction prior but we might see another retracement there or from an area close below it if we decided to dive a bit deeper with point 5.
Bear in mind that FOMC is really close (pun intended!) and an interest hike might mess things up for those longing.
Trade safe.
EURUSD-1D1. Fiber has clear Fair Value Gaps to fill as indicated in my chart.
2. Resistance line drawn & order block converge at the same level of 1.0400
3. Monday will likely to be low of the week & Tuesday will begin bullish expansion
4. Dollar Index is likely to be bearish this week up to 104.30 level which will make Major pairs bullish.
5. Watch out Fundamentals of this week. They will pour liquidity for bullish move
#analysis 49 - If breakoutIf BTC is stronk to break out current consolidation stage, I'd expect it rising fast inside the FVG zone till the next OB, which shows resistance for it.
However, the scenario may not be highly possible as the major trend is still down. Just write it up as a note for myself.
XAUUSD SHORT-TERM BUY(INTRA DAY DRILL)XAUUSD has been dropping targeting sell stops as of our weekly bias but still gives short-term opportunities for buyers on the market before a rebound of price towards the sell stops since price is has to neutralize its efficiencies to the upwards IMB so as SELLERS could attain good momentum to the downward