Orderflow
Potential SELL to BUY on XAUUSDGiven the bearish engulfing displayed on Friday NFP I will be setting my SELL LIMITS at the top of the Fair Value Gap/Imbalance, and SL just above the swing high. BUY LIMITS are set at the 4H Order Block that has yet to be mitigated. Both are decent RR trades.
Please note that this is not financial advise, and is just merely the setups I am looking at taking in the week ahead on XAUUSD.
NZDCAD runaway trainThe NC pair has completed its corrective and hit a nice liquidity block (highlighted in yellow above).
From this point on, belief is that price will continue to trade lower and I would tend to lean on the side of a bear rally right back down to the previous lows.
There are several road blocks between entry and target but so long as price continues to break through each one, there's no reason why the trend wont continue.
$Gold $GL on accumulation buying process or another sell off.. $Gold $GLD has been falling down heavily for couple of days..
buyers came back at 1780s, and 1800-1805 will be potential for selling .. let see if big time frame buyers will accumulate at 1780s and above, or this will be another more selling to test 1760.
My bias is Neutral to bearish, and I don't see any strong bullish reversal evidence yet. I need Buyers to show their aggressiveness above 1800s area
EURUSD Swing Short PlanEURUSD has made some BIG changes to structure over the past week! We are no longer feeling the support of a weekly demand zone, price has broken below and will most likely continue through into the 1.1000 level and beyond.
Fundamentals point to a bullish US Dollar - the Federal reserve plan to raise interest rates 3x throughout the course of the year (bullish for the Dollar) and for the past 2 years we have seen neutral (no change) US rate decisions cause bullish action too, so I suspect we will see a continued theme this year as we did in January.
Pair this with the current technical collapse we are seeing and I anticipate some lovely swing shorts towards the imbalanced weekly 1.1000 demand zone & key level area.
THREE short zones are in mind, all approached with confirmation entries to make sure you don't lose multiple times before a win. Let the market flow into the zones and when clear reversal forms enter WITH the new bearish trend. Until that happens stay patient! My favoured zone for reversals is one nearest to price (being the zone that brought the most weakness & selling pressure) but the others should be kept in mind too!
Check out my full in-depth breakdown of the technicals and fundamentals here on YouTube!
www.youtube.com
Oil at instiutional resistance areaOil has breeched a huge institutional liquidity zone on it's speedy covid-19 recovery surge.
It's currently trading through and if it keeps up the pace at this rate, it'll be breaking right through within the week.
Should price give us a nice strong breakout of the level, we should be waiting for a relatively strong retest before we see the continuation to the upside and back to levels at approximately $100+ a barrel before July.
This will be a longer term idea but with good merit and great potential.
Risk accordingly.
Smart Money LONG | GBPUSDTagged into this position whilst I was asleep
Because I have been tagged into this position during the Asian session it is more than likely going to take me out for a loss because generally the highs and lows of the Asian session will both be manipulated
But, we will wait and see what happens in due course, currently running in just over 1:1 RR
Let's see how it plays out