Recently price came down and tapped into an old Daily FVG. Yesterday's candle closed above the FVG signifying no interest to continue lower.
Today I was looking for long set ups and this is the outcome.
There's a probability that price will bounce back after retracing to that discount level where we have the FVG + OB and a confluence of iFVG with other lower TF...
Normally I have different expectations tailored for each trading sessions. When doing my backtesting, I usually study price action as per the sessions.
Currently I was anticipating buys for London session.
Price might continue with the trend during the NY but being a Friday, I wouldn't want to stay that long in this market.
If price doesn't take out the Asian BSL...
Since the daily candle closed above the two FVG, it was a game changer. I'm currently bullish and looking for confirmations for long positions.
Remember we have CPI news later on which might cause a lot of volatility.
Don't be the liquidity.
Price seems to rejecting the Daily FVG (iFVG) levels.
This might mean that the rush of price that we saw in the Asian and London session was to fill the Daily FVG orders before continuing down.
These moves can also be seen as the yields are rising sharply.
Be on the outlook for more bearish confirmations. Otherwise be safe guys.
Price gapped down to a weekly FVG then traded upwards to a Daily FVG. Currently it seems like price doesn't want to continue higher. It's currently giving signs of using the Daily FVG as an iFVG to resist price lower.
A lot has happened over the past few days and the trade war seems to be intensifying.
On Friday we saw a blood bath which left $2.4 trillion...
I woke up and saw this set up.
I'm currently targeting 20-30 pips because price has been ranging within a HTF POI.
I'm still waiting for a solid bias confirmation. We might get a bias tomorrow during NFP release. Meanwhile I will be taking off few pips.
Have a pipful day
I woke up and saw this set up.
I'm currently targeting 20-30 pips because price has been ranging within a HTF POI.
I'm still waiting for a solid bias confirmation. We might get a bias tomorrow during NFP release. Meanwhile I will be taking off few pips.
Have a pipful day
Price now has violated my 4hr FVG meaning it has no interest of continuing down. At this point I'm waiting for more confirmations and set ups for a bullish trend continuation.
Currently price is ranging on the daily FVG. This is one of the signs that I want to see on my points of interest because it is an indication according to my personal rules that price is not willing to continue and chances of respecting that level are high.
We also have a 4hr FVG just above the Daily FVG. I'm anticipating price to wick into that 4hr FVG POI then...
Price is coming down nicely. I have 2 points of interest on the weekly TF: 2854-2817 and 2730-2724 levels then I'll anticipate price to continue up in the buy program. I have highlighted the levels on the chart with more explanation.
Xauusd has continued bullish. On Friday we saw a sell off and this makes me think that we'll probably have a short retracement down to the weekly FVG. On the Lower timeframes we still have confirmations of bullishness.
I don't know much about fundamentals but with technicals, Xauusd will continue soaring up high and breaking high records. The only thing that can...
Xauusd has continued the uptrend and I'm not seeing it pausing soon for a big retracement or a change in trend. On the Daily TF, we have a FVG with might support price and push it further up. Short trades will be highly discouraged since it's against the overall trend.
