I am looking for price to sweep out the two equal lows towards the imbalanced supply zone that broke structure. Price may push through towards the extreme zone before selling off. What I will look for; - Price to push through the equal lows - Clear rejection off the supply zone - A break of structure on the 15m / 5m time frame - A clear entry point
Looking at the daily time frame GU is in a clear down trend creating LH and LL. Price is currently in a range, I will want to see a sweep out of the range to confirm the trend. If price breaks the previous LL the trend is still bearish, if price breaks the LH we may see a reversal form. I have drawn a imbalanced supply zone which price may react to before...
My gold HTF market structure idea; - We are currently in a bullish trend creating HH and HL - I have marked up the previous HH and HL which means we are currently in a ranging state until a break of structure has formed.
I have updated my idea on Gold as on the HTF a new LL has formed which could indicate we are still in a bearish momentum. Price has also reacted to the supply zone, giving me more indication to go short. I will want to see price push through the demand level forming a break of structure
On the 4hr time frame price has failed to make a new LL and has now formed a break of structure with a new LH - This could indicate that price is moving bullish. I will want to see; - Price break structure on the 15m time frame - A clear demand level for entry
At the beginning of the week I started to see a bearish reversal with a clear supply zone. I marked up the key zones waiting for a break of structure on the 15m time frame. I will monitor the chart throughout the week. What I would like to see; - Clear supply zone - Break of structure on the 15m time frame - A refined supply zone in which I will place my trade
HTF trading idea - bearish break of structure, continuation of this trend This is what I would like to see for a clear entry - HTF break of structure - Clear imbalanced + supply area that broke structure - Price move up to the imbalanced supply zone - A clear rejection following the bearish movement - A break of structure on the 1hr / 15 minute chart What...