Gold is currently in an up trend on both the daily and H4 timeframes. Waiting for price to retrace to the H4 Order block before looking for opportunities to ride the expansion to the upside.
As I posted in my previous post on Gold, price has retraced to the H4 order block and broke structure on M115. I'm expecting price to sell off to $ 1770. Keep in mind that the CPI data today can influence this bias. Generally, a higher than expected CPI reading will push the price to Gold upwards. Good luck!
I'm expecting a short-term sell in Gold from the H4 order block next week.
I'm expecting price to visit the bullish H1 order block before taking off to the upside. If you're aggressive, you can buy on the H1 OB or more conservatively wait for a lower timeframe confirmation before entering. Good Luck!
Price is currently at a daily order block and has broken structure on the H1. I expect a return to the bullish H1 order block and then take off for the upside.
Price is currently at an H4 bullish order block and I expect it to reverse to the upside. Given the hawkish tone of the Fed this morning, its advisable to wait for a M15 break of structure before entering. Good Luck!
I'm looking for price to visit one of the bullish order blocks. It's best to wait for a lower timeframe break of structure at either of the order blocks before entering a trade. Good luck everybody!
This week saw a rally in USD/CAD, fueled by higher than expected CPI readings. Price rallied to a bearish Daily order block before breaking structure to the downside on the one hour timeframe. My expectation is that the pair will continue the bearish trend in the coming week. I would like to see price retrace to the hourly order block before continuing to the...