Intermediate Term expectations continue on course. Retracement into Bearish Weekly Swing leg Internal Liquidity underway (Swept first Internal Lower High Pivot on Tue 23Jan).
We've had a large range expansion we're retracing into, FOREXCOM:GBPUSD is to offer repricing below 1.21839
Last weeks high: $26887.5 Last weeks low: $25836.5 Midpoint: $24785.5 Despite a strong end to the week BTC has a lower previous week high and a lower previous week low. In that way we continue to be in a swing downtrend. A double bottom from last week gives us an area where if we are to continue breaking down we'd have to break below and stay below. The...
Here is my NZDJPY setup. Currently waiting for price to retest back to supply to determine whether or not I will take the trade.
Here are my thoughts on AUDJPY coming down from the supply zone. We can see on the 4 hr that market structure is coming down and it went into accumulation and created liquidity. I also saw the liquidity was taken above the accumulation/consolidation and tapped into the 4 hr zone. From there I dropped to the 15 minute zone and saw that once price tapped into the...
Here we can see topside and trendline liquidity being created on EG. I'm looking at that topside being taken out before price continues its way down.
Looking at GU, I'm thinking a nice sell opportunity on the horizon. The supply zone formed inefficiency, broke structure, and created liquidity just below the supply zone. These 3 confluences allow me to have a lot of confidence in a sell from supply.
Here are my thoughts on GBPJPY this week. I think that it will go up and take out that liquidity before continuing its bearish structure. I think we may get a nice strong push through the liquidity and to supply sometime between London and New York.
Counter trend trade. High risk position Buy to Sell from the 1H imbalanced supply shown on the chart.
Looking to take EU lower, we now have a HTF change of character after reaction from the 1H supply zone. DXY change of character and pulling back up after reaction from Demand as another confirmation to take EUR/USD lower.
FX:EURUSD republished(originally got stopped out) -arrows are 1h imbalances/inefficiencies -15m supply and demand are entry and exit
not seeing alot of price inefficient on Gold.. sells have all but dried up.. Is now a Good time to long...? possibly.
Thursday - 7 April 2022 Weekly Profile: Consolidation Sell XAU/USD @ 1931.65; TP1 = 1916.31, TP2 = 1910.27, TP3 = 1903.72 Buy XAU/USD @ 1897.64; TP1 = 1909.81, TP2 = 1921.98, TP3 = 1929.44
So at the start of the week we formed a gap, and now price has covered the gap. We saw some hard selling off towards the end of last week, where very little buying was done. This means there is an imbalance of price. This does not mean that price will run to close this unbalanced price action, rather it only serves as a pointer to the overall underlying bearish...
Gold continues to be bullish, showing no signs of weakness, with significant breaks of structure to the upside. I anticipate the bullish momentum will continue up to the D1 POI, (Weekly High) denoted on the chart. After that I anticipate full bearish momentum. Will be looking for buys up the POI.
I think GJ still got some room to the upside around 159, reason is that it formed that zone there, consolidation with equal highs. kind of a resistance and support zone. Stop hunt(liquidity) has occured on the downside and is currently on a beautiful OB on M15, Higher chances it will rise from there to go grab liquidity above.
New CFD Alert. Nas100: monthly we're on on a buy range. Weekly we have broken structure to the downside, but we haven't had RTO or retest of the BMS. For that to happen we need to see BMS on the daily( which has happened btw) where we can take short term buys to RTO of the weekly. We can therefore buy at 14797.8, 2nd buy at 14617 and first target 15106.4