Timeframe
Yemi_Fx1 | Short Setup on AUDNZD OANDA:AUDNZD in daily timeframe has a validated double Top pattern, that's more clearer on the 4HTF. While on the 1HTF, price makes an impulsive move, after which it enters the consolidation phase, Anticipating for a test of the upper trendline on 1HTF then followed by a signal to go short.
DXY 103.176 - 0.06% SHORT IDEA HTF BIAS 🐻🐻🐻HELLO TRADERS
Hope everyone is doing great 🛑 New week new opportunities
A look at the DXY ahead of the new week 👌 MULTI-TIMEFRAME ANALYSIS
DXY DAILY
* We see the 78.6 % FIB level holding in the past week.
* Looking for signs of some bearish momentum for continuation with the bears.
* The DXY is currently trading in PREMIUM.
* Any signs of bearish momentum would Signal Bearish moves for the week that is.
* Bullish momentum changes the Bias for the week & possibly signals reversals
DXY 4H CHART
* We see rejections at the VI holding.
* DXY failed to take the high on Friday, signaling possible weakening of the bulls.
* Looking at the small FVG above to hold and reject.
* This would be one of the confirmations for some Bearish moves.
DXY 1H TIMEFRAME
* On the 1H we see that the 4H FVG does not align with premium.
* But we find a -OB just above this zone on the 1H
* Looking for rejections at this levels.
* For a bearish week.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
AUDUSD: Daily Long Signal - 24-01-18AUDUSD: Daily Long Signal - 24-01-18
Set-up: D AC.4
Entry Price: 0.65700
Take Profit: 0.66720 120 PIP gain
Stop Loss: 0.65100 60 PIP Stop Loss
Risk To Reward: 1 % For a 1.7 % Return
Could use a dynamic stop loss and take profit but that's my own personal strategy.
I Also could scale in with my trade plan as well.
Once All risk is off the table
xauusd|Suitable positions to enter sales transactionsHi guys, I hope you are doing great.
We don't have very important news today, so I think gold will continue its trend slowly.
The resistance zones drawn on the chart, the first one is the resistance zone in the 15m time frame and the second one is drawn in the 1h time frame, consider these two zones, after seeing the candlestick patterns and receiving confirmation, enter into sales transactions, stop The loss is placed above the area.
Targets can also be seen on the chart. I hope you use this analysis and be profitable.
US100 16868.6 +0.4% IDEA AHEAD OF THE CPIGOOD DAY TRADER
Hope everyone is great a look at the NASDAQ, S&P 500 & US30 ahead of HIGH IMPACT NEWS TODAY.
* Its been a bullish week for all the above mentioned indices alike as we see a rejection on the weekly time-frame.
AS WE SCALE LOWER TO THE DAILY TIME-FRAME
* We swept those historic highs and rejected back into the range.
NASDAQ DAILY
* The NASDAQ tested the 50% FIB as we see a rally up
* Continuation is possible just as a possibility of sweeping the high.
S&P 500 DAILY
Same as NASDAQ we see the same setup on the US500
DOW JONES DAILY
* THE DOW is highly bullish this bring some interest Ahead of CPI.
* Traded Above the hostoric highs and kept there range bound for a some weeks.
* It will be interesting to see a push higher here but anticipating some reversals.
* With some projections there is still room above we see -2 projection and -4 projection yet to be tested.
A JUMP TO THE HOURLY TIME FRAMES
NASDAQ 1H T/F
* Beautiful bullish trend
* On high alert for signs of momentum shift but we remain strongly Bullish.
* We do see a cisd but this alone is not enough. awaiting more confirmations.
* THE SAME WITH THE S&P 500
US 30 1H
* Some bearish momentum coming into play.
* premature to decide ahead of high impact news but it would be great to see some reversal before continuation with the trend.
* LIKE I MENTIONED AWAITING TO SEE SOME SORT OF REVERSALS ON THE INDICES BUT IF CONTINUE BULLISH WE RIDE THE TREND
*** TRADING HIGH IMPACT NEWS IS HIGHLY RISK AS THE VOLITILITY IS CRAZY THIS IS NOT ADVISE TO EXCECUTE DURING THIS HIGH IMPACT NEWS***
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Gold price recovers further from multi-week low, upside potentiaTechnical Analysis: Gold price might struggle to capitalize on the modest intraday positive move
From a technical perspective, any subsequent move up is likely to confront some resistance near the $2,040 horizontal zone, above which the Gold price could aim to retest Friday's swing high, around the $2,063-2,064 region. The next relevant hurdle is pegged near the $2,077 area, which if cleared decisively will negate any near-term negative outlook and allow bulls to reclaim the $2,100 round figure.
On the flip side, the overnight swing low, around the $2,017-2016 region, now seems to protect the immediate downside ahead of the 50-day Simple Moving Average (SMA), currently near the $2,012-2,011 area. This is followed by the $2,000 psychological mark, below which the Gold price could accelerate the slide towards the $1,988-1,986 intermediate support en route to the December low, around the $1,973 area and the $1,962 confluence, comprising the 100- and the 200-day SMAs
•Gold price attracts some buyers on Tuesday and draws support from a weaker US Dollar.
•A fall in consumer inflation expectations boosts Fed rate-cut bets and undermines the buck.
•Elevated US bond yields and a positive risk tone cap gains ahead of the US CPI on Thursday.
Gold price (XAU/USD) gains some positive traction during the Asian session on Tuesday and moves away from a near three-week low, around the $2,017-2,016 region touched the previous day. A fall in US Consumer Inflation Expectations boosts market bets that the Federal Reserve (Fed) may start cutting interest rates as early as March. This keeps the US Dollar (USD) bulls on the defensive for the second successive day and turns out to be a key factor benefitting the non-yielding yellow metal.
Investors, however, have been scaling back their expectations for a more aggressive Fed policy easing in the wake of hopes for a soft landing for the US economy, bolstered by a still-resilient labor market. Adding to this, the recent hawkish remarks by several Fed officials have raised uncertainty about the possibility of early interest rate cuts, which remains supportive of elevated US Treasury bond yields. This should help limit losses for the USD and cap any further gains for the Gold price.
Apart from this, a positive trading sentiment around the Asian equity markets might further contribute to keeping a lid on the safe-haven XAU/USD. Traders might also refrain from placing aggressive bets and prefer to wait for the release of the latest US consumer inflation figures on Thursday for cues about the Fed's future policy decision. This, in turn, will play a key role in influencing the USD price dynamics and provide a fresh directional impetus to the Gold price.
Daily Digest Market Movers: Gold price benefits from Fed easing bets, modest USD weakness
•The New York Federal Reserve said in a report on Monday that US consumers' projection of inflation over the short run fell to the lowest level in nearly three years in December, which undermines the US Dollar and benefits the Gold price.
•Inflation one year from now is expected to be at 3%, marking the lowest reading since January 2021, while inflation three years from now is seen at 2.6% and price pressures five years ahead were at 2.5% versus 2.7% in November.
•The data reaffirms expectations for an imminent shift in the Federal Reserve's policy stance, though investors continue scaling back their expectations for more aggressive policy easing in the wake of a still-resilient US economy.
•Atlanta Fed President Raphael Bostic noted that inflation has declined more than expected and that the US central bank still needs to give tight policy time to work on cooling off inflation. Bostic sees two 25 bps cuts by year-end 2024.
•Fed Governor Michelle Bowman said that the current policy stance appears sufficiently restrictive and that inflation could fall further with the policy rate held steady for some time, though the upside inflation risks remain.
•This raises uncertainty over the possibility of early interest rate cuts by the Fed, which assist the yield on the benchmark 10-year US government bond to hold steady above the 4.0% threshold and might cap the non-yielding yellow metal.
•The market focus, meanwhile, remains glued to the US consumer inflation figures on Thursday, which should help determine the next leg of a directional move for the XAU/USD.
DXY 102.590 + 0.15% SHIRT IDEA HTF PROJECTIONSGOOD DAY TRADERS
NEW WEEK NEW OPPORTUNITIES
Hope everyone is good a Look at the DXY for the coming week
WEEKLY TIME-FRAME
* We saw the DXY fill some imbalances (-FVG) AND REJECTING ON THE WEEKLY
* In Anticipation of the trend-continuation looking for a retest of this zone.
* A rejection would signal continuation of the trend.
DAILY TIME-FRAME
* Similarly to the WEEKLY we Reject from that PD ARRAY and close below.
* Looking for a sweep of BSL to see continuation with the bears.
* CISD + BEARISH MOMENTUM close candle would be great confirmation as the week goes.
* VIOLATION of the PD ARRAY changes the whole plan & bias.
1H TIME-FRAME
* Today looking to see clear of BSL, or just trade above the 50% of the impulse move.
* A tap into the HIGHER TF PD ARRAYS
* REJECTION at this points to be looking for shorts as the week goes.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
EURUSD|Same direction with market trends and sales positionsAccording to the general structure, we realize that the sales pressure is still higher than the purchase transactions, so we mostly try to go along with the market trend with the sales transactions.
Returning from the support area, we wait to reach the specified resistance areas, which are valid price areas of 1.09629 and 1.10247. By seeing the appropriate confirmation, including stick candles, pin bars, and hammers, we can enter into sales transactions in these areas.
The support areas in my opinion are the prices of 1.08520 and 1.07800 for the target of sales transactions and seeing the price return from these areas, we can have short-term reactions from these areas.
resistance level= 1.09629 and 1.10247
support level=1.08520 and 1.07800
the science behind timeframes + correct timeframe sequencingtimeframes are the unit of time in which trading activity/session takes place.
timeframes are an essential tool to traders/investors because there is a direct association between the right trading style and timeframe of choice for each individual trader depending on what works or does not for them.
timeframes are often structured in forms of minutes, hours, days, weeks and months and in some cases seconds.
there are 4 main trading style : scalping, day trading, swing/position trading, this might not be the topic of discussion but like i earlier mentioned there is a mutual correlation between trading style and timeframe.
1.SCALPERS(scalping ) - these type of traders capitalize of small market movements by buying/selling in large volumes, holding those positions for a short period on time. the ideal timeframes for scalpers is 1minute to 15minutes.
2.INTRA DAY - these traders have a short-term approach to the market, buying/selling financial assets not more than 24hours/within a full trading day. their ideal timeframes are 4 hours down to 15 minutes timeframes.
3.SWING/POSITION - these traders capitalize on long-term price movements and macro trends holding positions from a couple days to a few months. their ideal timeframe range from 4hours to monthly timeframe
it also important to note that the timeframe a traders depends on how efficiently they work and other factors like, patience levels, discipline, risk management strategy and lifestyle.
MULTIPLE TIMEFRAME ANALYSIS
most traders use this science behind timeframes also called "top-down analysis" to gain a broad understanding when studying price charts.
this involves using several different time periods at the same time to form a bias when analyzing charts. similar to taking a big complex task and cutting it into smaller simpler activities still without losing sight of the bigger task.
large timeframe(complex) -> small timeframe(simple) = trade bias.
to use multiple timeframe analysis you need 3 different timeframes with the next timeframe being 4/3 times smaller than the one before it.
the first timeframe is the trend timeframe is used to identify the long term trend, the second timeframe is used to identify significant price levels, identify market structure, chart patterns and the last timeframe is the entry timeframe
scalping sequence = 15MINUTE -> 5MINUTE -> 1MINUTE
intraday sequence = 4HRS -> 1HRS -> 15MINUTE
swing/position sequence = 4HRS -> DAILY -> WEEKLY + MONTHLY.
i hope this information helps/improves your trading in a positive way.
put together by Pako Phutietsile ( @currencynerd )
This is My Favourite ICT Day Trading ModelHello traders,
This is the complete breakdown of my favourite ICT Day Trading Model.
This is so easy to replicate on any two time frames. One must be higher, while the second one which is for entry should be lower.
The higher time frame is for market direction, orderflow, trend.
Identify your discount and premium levels on higher time frame.
above 50% of your fib is premium, while below 50% is your discount.
If price is bearish, you are to look for sell opportunities when price retrace back to your premium levels.
Then go to your lower time frame to look for selling opportunities.
Your entry should be taken mostly within London kill zone.
For you to have a quality A+ trade setup, time and price must align together with your trade idea.
Your trade idea have a high probability of working out if you take your entry within London Kill Zone.
Look at my chart diagram to understand the model.
SOLANA UPDATE 2023Solana's Firedancer Testnet Sparks 80% Gain
Solana, often called the "Ethereum killer," has surged by an impressive 80% in the past month, thanks to the launch of its Firedancer testnet – a much-anticipated scaling solution. This surge has rekindled investor optimism in Solana, and its native token, SOL, has seen an 81% price increase in the last month, reaching over $41 on November 2. This recovery is significant, considering that Solana was down 84% from its all-time high. It's now emerging as a strong contender in the crypto space, outpacing even Ethereum in recent gains.
Bitcoin technical analysis _ 2023-10-29Update previous positions
Long position
After breaking the resistance at the price of 34818
Entry 35150
The loss limit is 34370
Risk Free 35925
Saving profit 36715
Profit limit 37645
------------------------------------------------
Short position
After breaking the important support at the price of 33590
Entry 33355
The loss limit is 34,000
Risk Free 32710
Saving profit 32065
Profit limit is 31200(Edited)
Restore original
XAU/USD Setup According To Middle East EscalationHello Friends.
Im back with a broad perspective on GOLD.
According to happening these days in Middle East
(Hamas Terrorists against Israeil war) there are a perfect
catalyst for Gold to See Upper levels.
Lets take a look at Multi timeframe charts:
1)Daily chart
In 1D chart we can see a bearish trendline that price will see it again in coming days.
Here is where MAs meet each other (200 and 100 MAs are more important) and also there is
a strong resistance level there (1900 level).
after fall into 1800 - 1810 support level we saw a Strong Demand in Gold market
and price started to rise with a Bullish Engulfing pattern occurs in this level.
You can see my explanation in chart below :
2)Elliot Wave Count (15m Timeframe)
When we look at Gold Elliotly (:D) we can see a 5wave impulsive wave being completed as
1st wave of an upper degree Wave.
So you can see my wave count in chart below and due to Market Catalyst the correction wave
Supports at 23.6% Fibo level.
3)15m Price Action
As you can see in my main chart , near the 1800 support level , a Trading range shaped
and we see a strong Breakout after the News abot war.
This made a Spike phase (With an UP GAP at market opening).
Now we passed spike and go throgh an increasing channel.
Whats more is that we saw a Bullish Divergence between Price action and RSI.
Finally , I think Gold going to be bullish in cimig days and at least reach the 1900 level.
I hope you enjoy my idea.
PLZ share your opinion with me in comments.
Thank you ALL
#Worldpeace
Learn What Time Frame to Trade
If you just started trading, you are probably wondering how to choose a trading time frame . In the today's post, I will go through the common time frames , and explain when to apply them.
1m; 5m, 15m Time Frames
These 4 t.f's are very rapid and are primarily applied by scalpers.
If your goal is to catch quick ebbs and flows within a trading session, that is a perfect selection for you.
30m, 1H Time Frame
These 2 are perfectly suited for day traders.
Executing the analysis and opening the trades on these time frames,
you will be able to catch the moves within a trading day.
4h, Daily Time Frames
These time frames are relatively slow.
They are mostly applied by swing traders, who aim to trade the moves that last from several days to several weeks.
Weekly, Monthly Time Frames
These time frames reveal long-term historical perspective and are mostly used by investors and position traders.
If your goal is to look for buy & hold assets, these time frames will help you to make a reasonable decision.
📝When you are choosing a time frame to trade, consider the following factors :
1️⃣ - Time Availability
How much time daily/weekly are you able to sacrifice on trading?
Remember a simple rule: lower is the time frame, more time it requires for management.
2️⃣ - Risk Tolerance
Smaller time frames usually involve higher risk,
while longer-term time frames are considered to be more conservative and stable.
3️⃣ - Your Trading Goals
If you are planning to benefit from short term price fluctuations you should concentrate your attention on lower time frames,
while investing and long-term capital accumulation suite for higher time frames.
Time frame selection is nuanced and a complex topic. However, I believe that these simple rules and factors will help you to correctly choose the one for you.
❤️Please, support my work with like, thank you!❤️
AUDJPY: Could GDP Release change the trend?Hello traders,
AUDJPY Is going upward.
Our main Scenario is the long one:
Long Scenarios:
After breaking 95.050, We'll wait for a retracement.
TPs are: 95.650, 96.600
SL: below 94.700
Short Scenario will be published in case of breaking the upper trend-line.
Pivot points, Support and Resistance and also Sentiment data were used for this analysis.
Patience: How Higher Time Frames Can Save You from False SignalsHello TradingView Community! I know it's been a little bit since we have posted any content, but we are back after a brief hiatus to bring you more in-depth trading education! Today we want to cover a topic that we consistently see when helping traders who are trying to improve their results. That topic involves patience and leveraging time frames to improve your entries and chances for successful trades.
In the fast-paced world of trading, it's easy to get caught up in the excitement of chasing quick profits, almost every trader has done it. However, successful traders understand the value of patience and the importance of using higher time frames to avoid false signals. Today we are going to broadly cover how incorporating higher time frames into your strategy can improve your long-term results.
The Power of Higher Time Frames: Unveiling the Big Picture
By zooming out and analyzing higher time frames, traders gain a broader perspective on market trends and patterns. This allows them to identify major support and resistance levels, significant price movements, and long-term trends that may be invisible on a shorter time frame. Understanding the big picture helps traders avoid getting trapped in false signals and make more accurate predictions.
Avoiding False Signals: The Benefits of Confirmation on Higher Time Frames:
One of the biggest challenges traders face is distinguishing actual market signals from noise. By patiently waiting for confirmations on higher time frames, traders can filter out the false signals that often plague shorter time frames.
In this reversal example on the 15-minute time frame, it is nearly impossible to ascertain where an entry might be. If we zoom out several time frames, we get a much better idea of a possible entry signal that has taken days to develop.
Trading with higher time frames allows you to filter out false signals and make more informed trading decisions. Don’t get me wrong, lower time frames have their place in the trading world. However, they should be complemented with an analysis of higher time frames to obtain a better understanding of market conditions. Traders can use higher time frames to get their broader entry signal and fine-tune that entry with lower time frames. A well-timed trade can make a world of difference in your profits or losses.
Developing Patience in Trading:
Trading with higher time frames requires patience and discipline. It helps you overcome the urge to make impulsive trades based on short-term fluctuations. Here are some broad examples of how you can develop patience in trading:
Set longer-term goals: Instead of focusing on daily or weekly gains, set goals based on monthly or yearly returns. This shift in perspective allows you to take a more patient approach and avoid getting swayed by short-term market movements.
Practice delayed gratification: Instead of constantly checking your trades and obsessing over every small price movement, take a step back and give your trades more time to develop. Adopting a "set it and forget it" mindset can help you avoid making premature decisions based on short-term fluctuations. If you are constantly monitoring low time frame price fluctuations you risk getting analysis paralysis, which can lead to impulsive decisions that may negatively impact your mindset and your hard-earned money.
Adopting a systematic approach: Developing a trading plan or strategy that outlines clear entry and exit criteria can help traders maintain discipline and patience. By following a systematic approach, traders can avoid impulsive decisions and stick to their predetermined rules, which ultimately leads to better trading outcomes. A well-developed systematic approach often naturally forces our hand to be patient and lets the price action play out.
Practice self-reflection: Take the time to analyze your trading decisions and outcomes. Look for patterns, identify areas where impatience may have led to poor choices, and learn from your mistakes. By reflecting on your trading journey, you can gain valuable insights and make adjustments to improve your patience in future trades. A very undervalued way to accomplish this is to maintain a trading journal. We highly recommend keeping even a basic trading journal for anyone we work with.
Conclusion:
Trading with patience and using higher time frames is a proven strategy for avoiding false signals and improving trading accuracy. By taking the time to analyze the big picture, patiently waiting for confirmations, and blending different time frames, traders can make better decisions and increase their chances of success. Remember, in the world of trading, patience truly is a virtue.
High vs Low in Time-frame Decisions🕒🚀🕒 Big Timeframes: Imagine looking at a painting from a distance – that's the essence of big timeframes. Daily, weekly, and monthly charts offer a broader view of an asset's performance over extended periods. They help you identify long-term trends and major price movements.
📊 Small Timeframes: Now, picture examining a single brushstroke – that's small timeframes. Hourly and minute charts provide granular details of short-term price action. They're useful for spotting quick trading opportunities and assessing market sentiment in the moment.
💡 Investment Approach: When it comes to investing, consider your goals and risk tolerance. Big timeframes are great for long-term investors who prioritize stability and are willing to ride out market fluctuations. Small timeframes suit traders looking to capitalize on short-term price movements.
🚀 Finding Balance: There's no one-size-fits-all answer. Many investors use a combination of both big and small timeframes. Large timeframes provide context, while small timeframes offer insights into entry and exit points.
So, what's the takeaway from this timeframe comparison? 📈 It's about understanding that different timeframes offer unique insights. Whether you're a patient investor or an active trader, the key is to align your timeframe with your investment strategy.
Stay curious, stay adaptable, and remember – the art of investing involves choosing the canvas that best suits your artistic vision! 🎨🚀
EURUSD: Weekly overviewRegarding our observations, currently there are more buyers in the market
Long-term trend is bullish!
There is a bearish move that has started from JUL 18 inside the bullish channel so we could consider the mid-term trend as bearish.
There might be a short-term bullish move that we could make profit out of it.
1.0820 and the bottom of bullish channgel are proper prices to place long limit orders.
1.0950 and 1.1028 are best places to set short limit orders.
These are best levels regarding Support and resistance, Channels, Weekly pivots, Buyers and Sellers focus and order_block.
XAUUSD Gold daily breakdownI have returned from my travels, apologies for the lack of ideas over the past 24 hours!
Gold closed below the key support area of 1903 on Tuesday, and wednesday saw the expected reaction of price continuing down especially with FOMC minutes adding to the move.
What can we expect from here? To keep it brief, on a daily timeframe I'm expecting 1965 to be tapped as a liquidity grab, if we see todays Daily candle flip from bullish to bearish there is a high probability we push down towards end of August.
Key thing to note - The monthly still has no top wick! That is a lot of liquidity left to grab at the 1980 area however, to see the monthly candle push 80+ pips and then flip would take a lot of momentum so whilst it's unlikely to happen in September, it's something to bear in mind if you are bullish.