OdicEdmond

OdicEdmond Updated 

Gold price has returned to a QM zone on 4H time frame and according to the technical knowledge, we should be buying. But for more confirmation i added an Awesome oscillator indicator that is also showing some form of divergence indicating that price is likely to push upwards.

OdicEdmond Updated 

Price just took out the previous high indicating a liquidity sweep and taped in to 1 hour supply

OdicEdmond Updated 

As usual i don't predict the markets but follow what the market is doing. lets wait and see how price will play out. and perhaps take advantage when price reaches and respects the key levels.

OdicEdmond Updated 

The pair is bearish on the 1 hour time frame. the marked key levels may be of importance when price reacts on them.

OdicEdmond Updated 

Price dropped from a supply zone at 1963.11 since Friday and apparently we have be looking forward to go short. On the 1H time frame there is a supply zone at 1954.95 which was refined to 1955.86 on the 15m time frame. In the supply zone there is bearish QM pattern that formed and if respected after taking out liquidity in the 15m time frame, price will short again.

OdicEdmond Updated 

Last week EURUSD closed below the key level on the daily time frame which was at 1.09605. So price broke the previous low and i expected it to retrace back to the nearest supply zone at 1.09438. If the zone is respected, i expect price to drop to the key level at 1.08474 which is the demand zone.

OdicEdmond Updated 

As we get ready for sells that maybe a pullback or reversal, looking forward to buying at 174.362 or 174.017 if setup is respected after confirmations. that's my own personal opinion on this pair. 174.017 is a QM zone that's why i consider it and 174.362 is a demand zone on 4H time frame Always make confirmations before entering a trade.

OdicEdmond Updated 

The previous supply zone failed to hold price on 1H time frame. And if the second zone at 1963.11 on the 1H time frame is respected, we can wait for confirmations on lower times frames and maybe look for a market structure shift. Note: This could be a short term downtrend.

OdicEdmond Updated 

Bullish swing setup on Daily time frame targeting a demand zone on Daily time frame after liquidity sweep. Entry after confirmations on lower time frames.

OdicEdmond Updated 

I believe that we may have a reversal or pull back after yesterday's strong momentum that was caused by the high impact news where the interest rate of EUR rose from 3.75% to 4.00% this made the EUR strong against the USD. There for since price has reached a key level on the 4H which is the supply zone, this brings to technically look for sell after confirmations...

OdicEdmond Updated 

After a strong bullish momentum, price has reached the supply zone on the ! hour time frame. This brings us to our technical knowledge that we have to sell but we only sell after confirmations on lower time frames like 15m. If price fails to respect the current supply zone, then we can wait for it to reach the supply zone at 1963.11

OdicEdmond Updated 

Price has swept liquidity as it went short to one of the key levels at 1933.33. and on the 15 minute time frame there forms a bullish QM pattern that gives me a bullish bias.

OdicEdmond Updated 

Technically price has arrived a supply zone on the daily time frame. This brings us to our technical knowledge that we have to sell after confirmations. But a head of the FOMC, we expect a significant change in the markets on the communication about the monetary policy. So its better to stay out of the markets until tomorrow.

OdicEdmond Updated 

Going short from the Daily time frame supply. Since price is showing high chances of selling from the demand area from the daily time frame.

OdicEdmond Updated 

The marked entry level is at the QM high of the Daily time frame and if respected, it will be a strong sell

OdicEdmond Updated 

15m supply zone mitigated and there is an expected bearish move

OdicEdmond

Waiting for price to mitigate the demand zone on 4H time frame and after wards look for confirmations on lower time frames before going long. This is not prediction but am following the market structure on 4H where by there is a trend line liquidity that maybe swept if the price continues to the marked demand zone at 137.964

OdicEdmond

QM(Quasimodo pattern) patterns are one of the easiest patterns to identify during market structure analysis. These patterns always form during a market reversal and you can also sometimes find them on supply and demand areas. They usually form at the end of an uptrend or downtrend.