On 6hr tf, we can see price sweept the liquidity candle failed to close above it, this indicates a strong bearish pressures at 104213.11 zone. I anticipate price to restest 103951.51 before selling down to 102552.35
On the Daily timeframe, price has created a bullish CHOCH to the upside, breaking past the 1.08850 level with a wick candle close. This means that there is a weak change of character, initiating a pullback.
On the 4 HOUR timeframe, price is at a OB so there are 2 scenarios i am looking at.
1) Price rejects off the OB and creates a 15 minute bearish CHOCH for...
On the 4 hour Timeframe, the 4 hour Range that we are in.
This a good range because it meets these 3 critierias:
1) Price is in a range in either the 1hr,4hr or the daily.
2) The range is at least 100-150 Pips wide(can be larger, no issues)
3) The support & Resistance have at least 2 or more taps minimally for the range to be strong.
As price is...
On the 15 minute timeframe, price has created Bullish Market structure. Price created a BOS at the level of 169.148 level.
Ideally, i want to see price tap into the 15 minute Bullish OB at the 168.851 - 169.041 Level. Once this happens, i see 2 scenarios that could play out.
1) Price rejects the 15 minute OB and creates a 5 minute CHOCH to the upside. This...
On the 15 minute timeframe, has tapped into the 15 minute OB.
Ideally during Asian Open, price might come lower into the 5 minute OB which is still unmitigated.
2 Scenarios i am looking to take advantage off.
1) If price decides to respect the 5 minute OB at 194.941 and create a bullish CHOCH with a body candle close.
2) If price action breaks below the 15...
On the 1 hour Timeframe, Price has created a bearish CHOCH and confirmed the bearish move with a bearish BOS.
Price will most probably come into the 2347-2351 level as there is a 1 hour unmitigated OB at that level.
There are 2 scenarios that could play out.
1) Price taps into the 1 hour Bullish OB and creates a 5 minute CHOCH to the upside. IF price does do...
XAUUSD Analysis
On the 1 hour Timeframe, price price has just rejected of the 1 hour bearish OB.
On the 15 minute timeframe, price is still bullish, creating a higher high.
There are 2 scenarios i am looking at for Gold.
1) I want to see a break of the 15 minute Higher low, if this happens, price creates a bearish CHOCH. I will looking for a break and...
XAUUSD Weekly Outlook
Two possible Scenarios;
On the 1 hour Timeframe, price action has respected the bearish orderflow, creating lower highs and lower lows. currently price is still sitting on the bearish OB. There are 2 scenarios i am looking at.
1) Price rejects off the 1 hour OB, and creates an bearish push to the downside. Ideally, i want to see price on...
XAUUSD Weekly Outlook
Two possible scenarios;
On the 1 hour Timeframe, price action has respected the bearish orderflow, creating lower highs and lower lows. currently price is still sitting on the bearish OB. There are 2 scenarios i am looking at.
1) Price rejects off the 1 hour OB, and creates an bearish push to the downside. Ideally, i want to see price on...
