Olajireolapoju

Olajireolapoju

I have been in the current bearish trend since above $3,160 and if this bearish momentum continues, We might see price hit the Bullish OB in the discount zone on my Chart and if that continues after reasonable and valid pull back probably next week, then we may just see Gold retest $2,830 - $2,833 zone

Olajireolapoju

I have made significant profit from gold selling from above $3,161 to $3,086. Now it is just safe to wait for a closure below $3,053 to confirm bearish continuation and sell at a restest after some bearish chart pattern to further confirm and enter.

Olajireolapoju

From a weekly perspective... we might see DXY continuing its bearish trend. If this continues... I would be looking for buy opportunities on Gold, EU and GU

Olajireolapoju

Dear Traders Whilst I believe Gold is targeting $3053 going by this bigger picture on the weekly. It is safe to just let the METAL be for now as anything may just happen. I would rather wait for price to get to the Fair Value Price Zone I marked up on my chart, go to lower time frame to monitor for any Bullish price action and join the Bull run to $3,053 zone....

Olajireolapoju

Dear Traders, I decide do a monthly review/analysis of ETH away from the noise in Lower timeframe to help you see the bigger picture and the higher timeframe market structure and price action without getting things too complicated. We say ETH hit its All-Time-High of $4,869 in November 2021 which was immediately followed by a 7-month low of $869 in June 2022...

Olajireolapoju

Just looking at this simple price action, EURCAD is about to breakout. I will be look for buy entry in lower timeframe in the coming trading week

Olajireolapoju

Simple reason why there is a high probability for bearish continuation on BTC> The last 6 weeks candle close failed to close above the previous high of $108,499.54, thereby leading to liquidity sweep that signals the bearish movement of the last 5 weeks. Current weekly has violated the consequent encroachment thereby leading to break of structure low in lower...

Olajireolapoju

Hello Traders, If you have been following bitcoin price movement especially since December 2017 when BTC made the first significant high close $20,000, you would understand that with crypto, anything is possible. It took 7 years for BTC to move from sub $20,000 to $109,358 representing approximately 550% Return On Investment (ROI) for those that bought the high...

Olajireolapoju

I see this interesting price action here on ETH. Despite the event of stolen ETH of over $1.4bn yesterday, ETH is still holding strong within the range (The Yellow Zone). If you have been following my teachings on Market Structure and Price Action very well, you should know by now that we are in a ranging market (yellow zone) going by the daily chart and it is not...

Olajireolapoju

From the daily price action, I can see BTC trading below the lower trendline of the the up channel since the last 4 trading days. This may be a confirmation for a sell but there is a need to be very careful as price has refused to make a Lower Low (LL) on the weekly. This calls for serious caution for seller has price has also been trapped in the yellow zone. If...

Olajireolapoju

If you were in much lower timeframe, from a technical perspective, you would never have see very clearly that CPOOL is trading below the weekly FVG signaling the possibility of lower prices. However, if you are holding for store of value, and if you have money you can afford not to think about for a foreseeable period of time, It's a good time to start buying and...

Olajireolapoju

This is another chart to help teach us patience. Monitoring US30 for a sell to the grey zone, are we going to see a liquidity run or a liquidity sweep? I don't know yet unless I see what market movers want do and then, follow their footprint. Right now, with my trading plan/strategy, I won't enter a trade. However, we may want to go to the lower time frame and do...

Olajireolapoju

BTC may now be looking to go lower and if that happens, FWB:83K -$86k zone may just be on the table. Respect your money and be patient. I remain neutral until I see the action price wants to take

Olajireolapoju

Gold has to close below the 4H Bearish OB to continue lower and close above previous High to continue higher.

Olajireolapoju

Dear Traders, From what I can see on the DXY chart, there is huge potential for us to see 113 in the medium to long term if we see a rejection of the current zone especially at the rejection block.

Olajireolapoju

My bias fo this pair is bullish and would rather wait patiently for a buy than sell this pair

Olajireolapoju

I am still bearish on Gold based on weekly price action. Bullish confirmation above $2,725

Olajireolapoju

Hello Traders, From the pattern I see on the chart, Gold is likely to continue the downtrend to 2501 or even lower as there is a likelihood for price to take out the low that created the ATH for Gold before any form of reversal. There is a high probability that price may mitigate the "Bearish Mitigation Block" - The purple zone on my chart which is ranked first...