XAUUSD - GOLDWe've had the accumulation Wyckoff phase happening for the last 2 weeks for a push to the upside. With mitigation currently happening meeting our reversal 71.8 Fibonacci level, my bias is currently to the downside with my sell limit being met. I won't be surprised if this pushes higher to the price points of 1527 however to fill the huge imbalances we have at those levels.
Imbalance
GBPJPYIf we get a (very slow) pull back filling imbalances down to these levels I'll be looking to pull the trigger on a bullish rally to the upside clearing liquidity and potentially closing out the open order above once clearing the resistance area marked out in green.
Alot of.... PATIENCE - CONFIRMATION - ENTRY - PROFIT
AUD/CAD short. Reaction from institutional levelExpecting an impulsive reaction downwards from 0.90500 level. 71% OTE(optimal trade enrty) fib level agrees with the imbalance zone and the strong level of 0.90500. High probability trade, minimal risk, tight stop loss just above 0.90675 covering the top of liquidity capturing candle 4H chart September 19 04:00 o'clock (UTC+3).
XAUUSD - GOLDWe have been in the Wyckoff distribution event phases for the last week.
The current move to the downside is looking like a fake out to me (I hope) to make 1 more move to the upside as I am hoping for the UTAD move to be met which should finally see our big sell off to the downside which also fills ineffecient imbalance and also has the opportunity to close the open order above.
As always..... PATIENCE - CONFIRMATION - ENTRY - PROFIT
NZDUSD LONGWith the last equal low below soon to be taken out the market has left a lot of liquidity pools above combined with imbalances and mitigation zones. By identifying institution candles also this trade is a high probability set up for me as i believe the upside targets must be taken out before a continued downward move.
I plan on holding this trade for as long as it takes, the imbalance zones are very noticeable on the 4H time frame and leave large indications to exit areas and signs of reversals which can create potential re-entry points.
Lets see what happens
EURNZD SHORTInteresting set up on all time frames, a nice reaction off of 50% from a previous weekly candle has given us a sniper entry and now going down into the daily time frame the pull back we had has given another nice entry. Going down to the 4H you can see areas of liquidity visible along with multiple imbalances, beneath that we have mitigation zones and institutional candles. Another confluence was that price was discounted which gave me reason to execute a second sell.
Will be closing half my positions once i am 100 pips up.
GBPJPY BEARISHAs we can see price struggled to break the bearish structure on the daily despite the bullish rally we have previously just had, i would like to see price now come down to at least 61% which for me i have marked this zone in green and the blue zone being 88%.
Mondays are never really a day i look to enter markets but over the next coming weeks as we are also approaching brexit talks i would like to see the pound fall and in doing so mitigating candles below and filling imbalance.
How to trade stocks like Tiffany & Co. using imbalancesAs mentioned in previous supply and demand technical analyses. When trading supply and demand imbalances we don’t really need any indicator or add-on tools to tell us how and when to place a trade. Let’s take a look at Tiffany % Co. stock #TIF using supply and demand imbalances as technical analysis without using a single indicator dragged on the chart, just price action and impulses.
When looking at the weekly chart, it’s clear there bearish impulses are stronger than the bullish impulses. These impulses have created a brand new weekly supply imbalance around $110 per share and reacting to it very strongly. The bias is shorts right now since bearish impulses are stronger than bullish impulses. You can used these impulses and use other trading strategies to take shorts on the way down, or even use options strategies to take long puts on the way down. See weekly chart with the weekly supply imbalance drawn around that price area.
Swing RSI 2nd attempt signalThis indicator generates buy and sell signals when it detects a market imbalance based on candle levels and RSI. It is optimised for BITMEX:XBTUSD , 1H timeframe, candle or bar chart.
It is not recommended for other instruments or timeframes.
Have a look at the backtesting results here:
It has also been tested for live trading and there is no repainting and it proved to behave as per the backtesting.
Give it a like to try it for 7 days for free. Keep in mind that it may not generate any signals during that time but you can explore how it behaved in the past.
For permanent use, pay $25 using this link .
When buying this signal, you are buying access to the signals generated by the Swing RSI 2nd Attempt Signal on Tradingview. You should have at least a basic Tradingview account. You are not given access to the code and the signals are meant to be used for your personal use.
Access is provided for one Tradingview username with each purchase. Drop me an email at fastmoveforward@gmail.com with your Tradingview username.
To exit a short trade, close 50% of the trade when the price goes below RSI 20. The rest 50% exit when you get a LONG signal.
To exit a long trade, close 50% of the trade when the price goes above RSI 80. The rest 50% exit when you get a SHORT signal.
You are supposed to be familiar with the financial markets and the fact that - when the market is trading within a range - the Signal will not generate any trade alerts.
To enable access in your profile, follow the steps below: www.dropbox.com
Gold XAUUSD sell opportunities off supply zonesGold XAUUSD sell opportunities with monthly and weekly supply imbalances in control. A very strong monthly supply level around $1310 has gained control a few weeks together with a smaller but stronger supply imbalance on the weekly timeframe around $1336. As explained in previous long term analysis on GOLD XAUUSD, no longs are allowed in this precious metal when a bigger timeframe has gained control.
Location and context are key to understanding when we are allowed to place a trade in one direction or another. No longs are allowed on Gold right now, only shorts at new supply imbalances.
This is affecting many gold related stocks like Kinross Gold KGC, Yamana Gold AUY, Barrick Gold GOLD amongst others american NYSE stocks.
AUDUSD Forex cross pair forecast for shortsAUDUSD Forex cross pair is reacting to a weekly supply level located around 0.7232 price area. Price has reacted strongly to that weekly supply zone creating brand new imbalances on lower timeframes like the daily chart. There is a new daily supply zone created around 0.7226 as a reaction to weekly supply zone.
Weekly timeframe is still in a downtrend. Dollar Index is getting stronger as well creating new daily demand imbalances in a big picture uptrend.
We don’t need fundamental analysis in order to make a trading decision when we analyse the markets using supply and demand imbalances.
Anglogold Ashanti Limited gold related american stock buy setupAnglogold Ashanti Limited gold related american stock buy opportunities with monthly demand level around $7.50 in control and creating new monthly and weekly demand zones after creating a very strong bullish impulse as a reaction to that imbalance.
New monthly and weekly demand levels created around $10.40 and $10 respectively. We cannot and should not sell short a stock if there are new demand levels being created, impulsive moves are now bullish eliminating supply levels, the bias should be longs at new demand levels.
We do not take into consideration any fundamental analysis, no earnings announcements or volume, we do not need any of that to make a trading decision based on supply and demand imbalances. We just need to know where those imbalances are located and what is the bigger picture trend on the stock.
You can also use various options strategies to take longs at demand imbalances, long calls, spreads or any other strategy that you might have on your trading plan.
Still if you want to pay attention to fundamental analysis of this stock, as reported by Bloomberg, AngloGold Ashanti Ltd. said full-year profit, excluding some one-time items, climbed more than sevenfold from 2017, after it shut and sold mines in South Africa and lowered amortization in Brazil.
Headline earnings for the period are expected to be between $207 million and $224 million, up from $27 million the previous year, the Johannesburg-based miner said in a statement on Monday.
No need to pay attention to fundamentals, in this case it is also helping the trading decisions to go long since the fundamentals also give us a bullish bias, but fundamentals will most of the time align against these imbalances preventing us from taking high probability trade setups.