Simple charting of HOW we should READ the MARKET/PA/ETC!! Focus not just on the structure(PRICE), but also TIME. We need to approach the market as if we are DOCTORS having OPEN Surgery..Each blue b0x is 6 h0urs, study the FL0W EACH 6H0urs then APPLY the FRACTAL "doubling down theory" Im SELLING MNQ1! the whole week unless proven wrong then I'll catch a trade next...
Obviously, going short at every supply zone or going long at every demand zone doesn't work every time. If it did trading would be too easy and no one would lose. So, how do we trap the losers and become the winners? Wait for a liquidity sweep above, most often indicated by a bearish shooting start candlestick with a close back below the supply zone. Previous...
Short setup on EUR/US at NY Open on important supply after retracement, confirmation BOS on 5m timeframe. Target on structure test and 50 % asian session range
Gold slipped on Friday as a stronger dollar dulled its appeal and pushed the metal further from one-month highs hit in the previous session.
so what to expect? Market flow is bearish, however, possible bullish movements are expected during the following sessions.
Gold fell on Monday in step with a stronger dollar as investors cautiously looked forward to U.S. inflation data that could influence the Federal Reserve’s timeline for easing its bond purchases.
However, a gold recovered before NY closed and continued the rally during ASIAN session.
Possible pullback on gold around 1801-1798 (OTE) before further upside...
The Market is forming RP07* after grabbing liquidity*
We also have a small Flipzone* that formed around 17.5
Looking to get long on completion of the reversal pattern, targeting the other side of the range, where we also have a larger Flipzone*
*These concepts are covered in our free Advanced Price Action Trading Program.
