This is an example of why candle closes are important when marking out a BOS which changed direction. Like here the low just got swept and went on to make another higher high. There is no real way to know if it is a BOS or a trap so it's best just wait and see if we get a candle close or in this case break the high. You could get a reaction on the lower timeframe...
Price has given us enough signs that it will continue to go up. I'm just waiting for a pullback into discounted areas to look for longs. Those of you who are experienced can also get in on shorts when the 4H is pulling back to make profit with both longs and shorts
EU is reacting off of a previously unmitigated zone which caused the pullback. Although we are bearish on the 4H swing there is a good chance we can break above it because of where we are reacting from. If price does not give a bearish choch Then I will not be shorting EU. I will update my analysis with a video as there is a lot to explain if we break above the 4H...
4H had a choch up which is a BOS on the 15min TF. I'm waiting for a choch to the up side to enter into longs targeting the 15 min high. No bullish choch no entry
Price is at the extreme discount of the range and we could see it start to go up. There was a sweep of liquidity which led to a BOS which is why I think this is a high probability zone. Going to wait for a choch on the daily then will look for entries on lower time frames targeting the daily high
We had a Change of Character on the daily timeframe signaling a pullback. This will be good to look for shorts on the 4H. If we get a Change of Character to the upside after at least pulling back 50% there is a very high chance of continuing bullish and targeting the Daily high so long as we don't go below the Daily strong low
I am currently short biased on gold. We've been pulling back in a corrective manner which is an indication of trend line liquidity being built up. There are also multiple Asia session liquidity points that have not been taken. There is also Liquidity rest above the 4H high which is an Asian high. I'm anticipating that gold will go lower take out the 4H low then...
Took just over a week but we've gotten the pullback and the a choch back to the upside. I'm going to enter a long trade after lower timeframe confirmation on the 15 min, and targeting the 4H high. Also long as the 4H does not have a choch back to the down side we should hit the 1729 target.
Price reacted off the first FVG zone and gave a choch to the upside giving confirmation for longs. I hope some of you were able to adapt and follow the flow of the market and make some profit. I have marked the current FVG areas that have been untouched. Still bullish on the 15 min although we are starting to enter a 4H POI and filling the FVG on the 4H. Until...
The higher Timeframe is still bearish. Currently having a 4H swing pullback meaning the 15 Min is bullish. I will be looking for longs illustrated on the chart. If I see a 4H choch back to the downside I will post a new analysis for shorts. Long term I'm looking to target between 1560 and 1450 based on monthly chart, but we will see what happens fundamentally with gold.
Entry was on the 3 min for a smaller SL. Got in on a decent trade yesterday Closed 80% when we got close to yesterdays Asia highs because it was getting late and price was moving too slow. The reason I closed is because I didn't catch the absolute lowest point so the is a chance that my first trade could get taken out before price gives a choch to the up side to...
It's taken about two weeks but price has finally shown me everything I wanted to see to confidently enter longs on EU. As it's Friday I wont be entering today and will wait for Monday. The red line is what I expect from the 15 min TF. Will look for a 15 min choch to the upside and enter targeting the 4H high
My past EURGBP analysis didn't play out as planned, looking at the daily I see why. The market wasn't ready to go short yet and still isn't. I am going to be waiting for a daily choch to the downside as my confirmation. If I get con formation I will then go to lower timeframes to get a refined entry. For now I'm leaving EURGBP. Also I'll keeping an eye on...
We finally had a choch to the down side on the 4H. I'm going to be waiting for a choch to the up side as confirmation that the market is going to continue going up. My target is the high marked out
EU has shown me enough to confidently share this analysis. The Black like is price action I'd look for on the 15 min, and the red line is price action I'd look for on the 4H if we break below the first zone. Target is the high marked out. I will make an educational video on how I set my targets.
Although my main target for gold is 1680 we are currently having a pullback. Instead of just waiting for it to go back bearish we can trade the short term upward move. This is the price action I'm looking for and just targeting that high as we don't know how far we will go before we switch bearish again.
Took a couple days but market has reached our target. I will be expecting longs intraday for the pullback. We have multiple areas where we could react from to continue going down but at the same time those zones could be used as liquidity to facilitate a higher timeframe pullback. I will update my analysis as price gives me more information.
This is just a short term pullback for EURGBP. I am anticipating the market to react off of an zone that I have have marked out lower on the 4H but I will share those later on for not this is what I want to see the market do before getting into shorts targeting the 15 min low