Based on our analysis of recent market conditions in the XAUUSD, we have observed a bullish sentiment on the 2-hour previous candle. However, we have also noted a retracement into an imbalance in the market, resulting in a rapid shift in price that has left a gap in the order block. As experienced traders, we recognize that this gap represents a fair value gap,...
As you can see GBPUSD had some highs near 1.3587. Those highs were broken durng the morning volatility. It has retraced a little each and who knows I may have missed the entranced when uit already got below 1.35795 and hit near 1.35583. That was the gold move to buy. Yes it's slowly retracting but that's to make retail traders believe that it's actuall going to...
GJ is currently bullish but anticipating a slight rejection after price reaches the 50% imbalance on the daily. So there are buys in the direction of the imbalance and short sells after, then anticipating price will continue bullish after those short term stops.
The Logic: Overall EU is bearish from the weekly and Monthly TFs. Also on the weekly TF price has broken key structure, moving towards the downside, hence I'm anticipating a pull back to the OB which caused the break of structure, then a continuation downwards. On the daily TF, price has created a shift in market structure upwards, possibly signaling the pull back...
Gold continues to be bullish, showing no signs of weakness, with significant breaks of structure to the upside. I anticipate the bullish momentum will continue up to the D1 POI, (Weekly High) denoted on the chart. After that I anticipate full bearish momentum. Will be looking for buys up the POI.
***SMT = Smart Money Technique = the lck of believe and use of retail theory strategies. It is an algorithm that seeks liquidity and balance. We doon't trade off trndlines, no do we follow channels, or harminics, or belive in supply and demand. There's al Algorrithm nd the Candles givee you the keys. per ICT.
And I could be extremely off for this.
AAAlright so...
Good morning ladies & gents,
USDCHF has hit a H4 Bearish Propulsion Block whilst simultaneously creating Fair Value Gaps on its way up. Price hunted past previous day's highs and created a sell structure. The targets are highlighted below. I've personally got 3 targets but these two that I've depicted are the first and last ones.
Disclaimer: This is my opinion...
