Daily bias is still Bearish.
Gold has retraced to .62 on Fib which is also known as Optimal trade entry (OTE)
The hugh impulsive movement has created a massive Fair Value Gap (FVG) Which will likely fill in once prices continues its daily bearish movement. The questions is, how far will it retrace? or will this impulsive movement create new highs, changing the...
Gold has retraced back towards a daily orderblock which had caused a previous impulsive move. If this key level holds, we could see price target equal highs for liquidity. If prices breaks through and pushes below, we could see price target sell side liquidity and make a run lower.
Let me know your thoughts below! Don't forget risk managment and a solid trading...
Prices have rejected off a Weekly FVG and are showing signs of a bearish daily retracement. The recent rally up into the weekly FVG has not broken the daily downtrend as the body of the candle did not close above old highs, so we can consider this area Equal highs with liquidity sitting above.
From my analysis, if prices breaks lower highs (red line) we would...
Picked out 2 orderblocks, 1 at Equilibrium and Support. Following the bullish Daily bias, Gold could possible retrace to these key areas before continuing its up trend
After conducting an analysis of the past 60 IPDA days using a PD array matrix, I have identified several areas where the price has the potential to go from a discounted state (green highlighted area) to a premium state (red highlighted area). As the price approaches the Equilibrium level, which has historically been a highly responsive area with repeated instances...
Prices reacted off the 15 minute orderblock from previous analysis. Prices has broken current down trend structure show by the BOS (Break of structure) and is looking to contiue higher, aligning with the the bullish daily bias. Looking for prices to enter FVG (Fair value gap) before entering a long position, targeting the high (Buy side liquidity). Stop loss below...
Prices are likely to retrace to discount before moving up further. A solid order block has been spotted in the 15 min time frame between Equilibrium and 0.618 of the fib. Prices could have a major reaction at these levels! I would not enter in right away, i would look for a ChoCh at lower time frame confirming up trend once price enter this key level. Good luck!
Currently in a retracement phase. Prices have retraced to discount zone and has hit a bullish Order block. Could look for potential longs if prices go higher than the Fib 0.5 (Equilibrium) Or it could reach lower, filling imbalances and reach for Sell side liquidity.
Looking for possible shorts if Price breaks structure under lower high. Buy side liquidity has been taken with 3 sell side liquidity area yet to be taken which price will be attracted too. This is on a 15 minute time frame and supports a bearish daily bias.
Bearish Retracement with buyside liquidity sitting at 0.5 (Buyside we are currently at) and 0.618 (Buy side liquifity above) of fib. These are levels price could potentially reach before reversing and looking for sell side liquidity. Where ever a lower low is broken causeing a BOS (Break of structure), I would be looking for a bearish OB or FVG to set up shorts
USDJPY has been bullish entering into a daily FVG (Red). Potential bullish OB (Green) could push prices further otherwise it could become a bearish breaker block if prices go below.
