Trading in a non-directional market on the weekly time frame, and being low on the monthly curve, a potential long opportunity has presented itself at the 1.648 level.
Trend on the weekly is down. However, we've moved into a sideways market on the daily. As such, only trades high on the weekly curve can be taken. As such, a potential short at 148.77 has been identified
Trading in a non-directional weekly market, potential positions have been identified at daily supply and demand zones should prices trade out of the current range.
Trading in a non-directional market on both the Monthly and Weekly time frame, and given the current Monthly Supply in Control scenario, only shorts are allowed. Hence, should prices trade out of the 1.09 level, potential shorts may be taken. However, a note to take is that prices may have already reacted to the daily supply, causing the drop in prices in the...
Gold has entered a consolidation phase and expected false breakouts at 1307.65 and 1282 levels may occur. Should it occur, daily supply and demand zones have been identified for either positions to be taken.
Trading out of the 16.0-16.8 range, potential stops above 16.8 may be triggered and thus a potential short has been identified at the daily supply.
Given the relatively high position on the weekly supply and trading in a non-directional weekly market, daily stops at the 110.25 level may potentially have been triggered. As such, a daily supply short has been identified
Trading in a non-directional market, potential trades both above and below potential stops have been identified for a positions to be taken. These positions also coincide with the weekly and monthly supply and demand zones.
Trading in a sideways market on the weekly, and triggering stops along the way, i'll be looking to get long at the 1.677 level at the daily demand, which is embedded in the weekly demand.
As prices are currently in the monthly demand, no shorts are allowed. Instead, we're allowed to look for longs should there be a lost in momentum. Having gained momentum on the daily and removing an opposing supply, a daily demand zone has been identified for longs to be taken.
Weekly -> Sideways market, look for either longs/ shorts on the daily. Some potential stops at the current highs may result in some stop hunting in the weekly/ daily supply areas for short. I've even gone down to the H4 level to look for more quality zones for the trade to be taken
As stops are potentially building up at around the 1.273 level, some stop hunting might result in prices being pushed lower into weekly demand. Should prices end up in that area, some potential daily demand zones have been identified for long trades to be taken.
Prices on the weekly trending higher, with a upwards momentum, longs can be taken on the daily. As such, with stops and a daily demand identified, a potential long has been taken, looking for partial profits at the previous support, and final profits at just below the daily supply.
With markets trending sideways on the weekly time frame, both shorts and longs can be taken on the daily time frame. With previous stops identified on the charts with an embedded daily supply, a potential short has been taken looking for partial profits at the daily momentum trend line.
With prices removing the daily momentum line, a new daily supply has been created. Looking to short at that level should prices retrace to that level. Prior to this, a trade has been taken and partial profits taken. Still in half the position and trailing until stopped out.
With partial profits taken from the previous long, a chance to pyramid has surface and a potential long trade at daily demand, in line with the daily momentum, can be taken.
Current trend on the weekly is down and momentum is down. As such, short trades on the daily can be taken. From the charts, we have prices trading within a channel and potential stops have been identified on the daily time frame. Should prices rally to the top of the channel, triggering the stops, shorts can be taken at the daily supply.
With prices entering Monthly Demand, no shorts are allowed. Instead, long trades can be taken should there be a loss in momentum on the daily time frame. That said, a loss of momentum has occurred and an opposing supply removed. This allows for a long confirmation trade to be taken.