Here is my top down analysis of AU. Date: 23-05-2023. I can see us going either direction from here we are kind of in no mans land due to price being at the current weekly low. But if we roll over and break last weeks weekly low then I could see a retracement to induce buyers then a continuation to the downside.
However, it is possible that we bounce from the...
Here is my Top Down Analysis of GU Date: 23-05-2023.
Will be looking for a structure break and setup before entry but looking to favour the buy side for me where all the sell side liquidity is resting above but time will tell. We could equally role over.
see my previous post about this pair, Liquidity makes us study hard, not just the basic fundamentals of trendlines or support and resistance, lets keep the word with market makers matrix, your the liquidity if you trade on fundamentals, just understand this setup, how I manage to win this trade.. Goodluck. Patience
🤑 Nifty is likely to be Bullish till it's above 18270.
❓ Reason: Because Nifty is above the Trailing SL of ATM Machine Indicator on Hourly Chart.
🚧 Upside Hurdles: 18410, 18510, 18810.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🟢 Positional Trend is Positive.
👺 Long Term Trend is Trapping the Bulls.
📢...
I see a nice potential short position at the NYC opening tomorrow theres low volatility as its Christmas but a nice supply area will be our entry and it'll also be a 78.6% retracement on the previous drop into demmand. The short term POC is also below price around our TP. 1800 will be a tough level to break.
