The DAX has been in the bullish run since last week. I m looking at today's London open as bullish set-up . I entered long after the market pullsback to a signicant support. Please lower TF ( 1/2 Min for more precise entry. I am using the market shift theory during EU/London Session.
A similar approach price imbalance and market shit structure . Buy side liquidity has been taken out and big displacement happen suggesting a market shift. I entered a short on lower TF within the fair value gap / imbalance to the downside
Market Shift Structure to the downside after the gold take out all the liquidity area or previous lows. I have seen also an SMT divergence with US dollar index suggesting strong dollar will push the gold price lower.
The trade idea is based in market shift and price imbalance called fair value gap
EMA Cross back - With Trend. A potential leg down is seen as the pattern on impulsive corrective sequence still valid.
The impulsive corrective sequence in the play. A potential leg down following SNB rate hike that will strengthen CHF across the board.
US100 is still in a bullish run with a weakening sell-off. I am expecting a trendline break out to the upside
Overall market is Bullish and and looking at previous days price action, US100 may rebound today to previous session POC
Gold is in impulsive corrective impulsive sequence confluence to 0.618 fibs retracement level and RLL at 1735 level.
Once in a lifetime that the price of USoil is 0.01$ a barrel.. I will buy at this bargain price..
Today's session takes out previous high and I shifting my gears from bearish to bullish - short term . I will look to see the market retrace back before entering a position.
I'm looking at as pre breakout squeeze and forming and H/S pattern in 4H. Support has been tested many time looks like to collapse - I will be monitoring this and see how it goes..
PA context shows gold is dropping as USD strengthening . Structure wise , key support may not hold. I am looking for a breakout and pull back prior to enter a short trade.
GBPUSD shifting the gears to trend continuation after forming the corrective structure. Others: USD strength seen due to so many reason and maybe one main reason is stimulus fund creating a bullish midterm . More USD flooding in the market and seen its strength.. I dont know, i jut trust mu guts.
What the market telling me is I have all the reason to short the EU. Just a simple PA context with counter trendline break .
Looking at possible scenario . Its making a medium corrective structure .. I set an alert n the levels .