A head of the NFP I am in for sells and ready to buy if all goes as planned. You can either risk responsibly or stay away from the markets till NFP is done.
A head of NFP here is my out look on gold and as usual its better to trade the after effect than trading before the data is released. If the USD gets strong we expect to sell gold up to the points of interest marked. As we cant predict news lets wait and see what happens.
Reason for being bearish was mitigation of a supply zone on the daily timeframe after a liquidity sweep on the previous high the Entry was refined on the lower timeframe
Todays reason for a short on EURUSD was a fair value gap on Daily time frame with with confirmation on the 15m TF which was a shift in market structure hence giving me a strong bias to sell
The reason why I am shorting this pair is because price mitigated the daily supply zone hence giving me a bearish bias and with more confirmation price tap into the QM parttern zone that was formed on the 4H time frame
Gold price took out the buy side liquidity and mitigated the daily supply zone closed below the previous low hence indicating a structural shift this gives me a selling bias. And an opportunity to look for shorts from the QML point of interest. at 1989.723
Price fails to break the high at 188.290 hence indicating a strong high. this brings us to pay attention to the structure shift which indicates the start of a downtrend with a price imbalance which gives an entry
1H and 4H are currently bullish and as a trader looking for intraday setups, I scale down on the 15m Time frame With the market structure showing a mitigated demand zone. With that in mind, We have a market structure shift that was formed after a candle stick closed below the previous low leaving us with an inner structure which acts as a POI (demand zone) and if...
According to this intraday set up on the H1 time frame price filled an imbalance and failed to give structure or momentum, if it is to be used as Point Of Interest , that gives us a chance to scale down to a lower time frame like 15m where we fine unmitigated zone and take advantage if price respects the supply zone.
The setup is the continuation of previous Friday's move where by my bias is still bullish on this pair
Gold is under great pressure and US CPi is likely going to rise. Gold chart on the 4 hr time frame has formed has formed a falling wedge bullish parttern and the current gold price is in a 4hr Qm zone With addition of an Awesome oscillator gold price has formed divergence
Gold expected to sell but where? on the one hour time frame there is a key level am targeting which is the the supply zone if price happens to reach there then we can look for confirmations and start selling. There is also a trend line that has been drawn on the previous two highs which also passes in the supply zone in 1H time frame. that also calls for a retest...
After a long rally, gold has respected a supply zone on the 4 hour time frame and according to our technical knowledge, we have to sell so i scale down to the 15m timeframe to take advantage of a supply zone to sell
On the 1H time frame gold has taken out to equal lows hence clearing liqudity. It the continues to fill an imbalance near the order block on the 1H timeframe. if the demand zone is respected, we will look forward to buying gold
Gold has taken out most highs and liquidity then arrives to the 15m supply zone hence giving an opportunity to sell to the nearest demand zone
Bearish on USDCHF QM pattern formation entry sell on H1 time frame
GBPUSD is bullish on the daily time frame. If price comes to the key levels and respects them, then we can look for confirmations on lower time frames and buy.
QM pattern sell setup on the 4 hour time frame. if all goes well, it will drop.