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.
Mitigationsetup
EURGBP highest it's ever been?As EURGBP usually does the opposite to GBP based pairs, I am looking for a bullish move to the upside for the EUR. Currently sitting at a institutional level to play from and I'll be hoping for some consolidation here to give positive signs for the up move.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
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
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
EURGBPI see set ups for GBP based pairs to rise within the next couple of days which gave me the indication EURGBP should fall as the reverse. Open order above to close out and I've had my eyes on an open order from the 3rd May 2019 below which also needs to be closed out at some point.
These 2 levels are now my levels to play between to close out both taking out liqidity at the same time with the fibonacci extensions also lining up perfectly.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
EURNZDW' Pattern being formed creating a double bottom for lidiqty below. We have an open order, liqidity to capture and imbalance with a gap in the market to fill which gives me positive signs to the upside short term before we see a potential fall to the next open order below.
As always...... PATIENCE - CONFIRMATION - ENTRY - PROFIT
GBPUSDStill waiting for this GBPUSD to reach it's 61/78% discount zone before I look to buy.
We have a lot of liquidity sitting below, topped with open orders and some imbalances to fill so this give me the impression that the market needs to close these things out before heading back up.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
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.