We are currently in a premium market in the Nasdaq and as such we are expecting a run into the discount area. Inside the discount area there is a daily TF Fair Value Gap (FVG) which increases the probability of the trend going into the discount area. Currently on the 1hour, an accumulation and manipulation has began on the open of the day which indicated further...
GU came into my Initial OB and took me out, didn’t hesitate to place a second trade for the second institutional candle, to the moon!!
Hard not to notice the bullish pressure in GBPUSD, I honestly take my trades on the 1hour timeframe, patiently waiting for retest into that institutional candle for a move to upside. Let’s see what price gives us, then we react to it
Gold on a daily timeframe, I noted the liquidity areas, my bias is for the market to take out the liquidity below to mitigate our daily OB(I have another OB which is on the the 2HR, it’s more refined but I still drew out the daily OB as you can see) then a move to the upside to take out the liquidity above. Let’s see how it plays out in the coming week ⚡️
Market structure is overall bearish on EURUSD, currently experiencing a pull back to mitigate an institutional candle on the 2HR TF. Most likely market will mitigate the order block and continue its movement to the downside. Watch out for how market behaves around the OB.
A lot of liquidity resting above and partially below on Gold that the market needs to take out, market came into an institutional candle and rejected towards the upside, if the first area doesn’t hold, the second has a much much probability of holding because it takes out the buyers SLs below. Still holding on to the first area though, let’s see what happens.
My last analyses in UJ got stumped out, unfortunately I got the structure all wrong Decided to draw up a new putting into considerations my mistakes, found an OB on the 5mins TF to give me a sniper entry for a move to the next major high to clear imbalances along the way.
UJ is showing bearish momentum which gives us no reason to place buy trades, on the 15TF there is a solid institutional candle, we should see price making rejections off that institutional candle for a move to the downside to clear liquidity down below.