We continued to see that bull strength throughout the week. If the daily timeframe trend stays true, we will see price break the all-time high eventually but it is not resistance free rallying. We just tapped into a supply zone that caused a meltdown of 5%. Therefore, this psychological level will probably see some fighting between bulls and bears before it is...
An extreme high has seen liquidity raided. The overall narrative remains bullish. The 15-minute timeframe is still mixed and I am waiting for clear changes of character to trade the pullback The 5 minute timeframe is bearish because of the break of structure and could confirm the 15 minute pullback. Final thoughts: Many accounts will blow during these...
The four-hour timeframe tapped into the demand at 1986.503 that caused a significant change order flow, about 3.4% in a day. Therefore, it only makes sense for the bullish trend to continue. If you zoom out to the daily timeframe, you will see that Gold is actually in an uptrend. We are ranging between the latest higher high and higher low. The 15-minute...
I know you guys hate trading the easy stuff by the reaction I'm getting from my uploads. Well here you go with US30, figure out your entries on the lower timeframe, this is not financial advise after all so don't expect a stop loss and take profit
The indices are super bullish so look for those low timeframe buying opportunities. NAS100 will eventually hit 17992.5 with the possibility of going as high as 18380.3
Looking for counter trend long position to a supply zone where I will flatten all positions and take advantage of a possible 2% drop should my entry model play out.
My expectation for XAUUSD is to collect demand @ 1987.11 eventually. Price is struggling, however, to get there. In the meantime we catch those intraday moves
Possible long set up on NAS. I'm looking at two points of interest and will monitor price as we trade into these areas for long positions.
Short term dollar strength is evident on the chart, let's see with the economics and geopolitics says in the coming weeks, maybe months.
So Gold played with our emotions. Got taken out at breakeven from all our short positions then NFP came in with a nice sell off. Now we are in short term buys, which may extend to the long term should the supply zone from the NFP sell off not hold.
This is not in anyway a Elliott wave count, so don't bash me. I am waiting for the impulse leg on gold from the demand as market out. May be a while but I alerting you ahead of time where price may be headed from this supply we just tapped into. Speak again when price reaches the area.
Update on GOLD don't be fooled we are not selling off just yet. Bear trap before the actual sell off
Hey guys, Looking at XAUUSD today I still maintain a short bias but at a different point of interest due to the building up of liquidity just below the said point of interest. I love that this level lines up with a fibonacci retracement level but we should still be mindful of the geopolitical & economic factors around the dollar and gold. In the meantime I am...
BIAS Looking at XAUUSD on a four-hour chart clearly depicts a downtrend. PRICE ACTION After a sell side liquidity raid and a creation of a lower low on Thursday, 10 January, we saw the market rally to 2062.270 towards an area of supply. After a successful supply of bearish orders price traded lower towards 2001.80 causing a break of the structure low at...
The market went and took liquidity on Thursday going into Friday the market reversed and changed character. We should monitor price as it retraces back into a huge buy zone (last down close candle). There is a lot of noise and no clear sense of direction on the 4H chart even though we did see a change of character. Whenever I see a clear change of character, I...
After a successful sell off I foresee another possible 1:2 short trade for GOLD. Entries are to be confirmed on the lower time frames during the London sessions, I suggest leave it be tomorrow and see what Monday going into Tuesday does but should tomorrow prove to be a good set up on the lower time frames by all means sell this shxt.
Possible short trade on NASDAQ coming up. We use our lower timeframe entry models to confirm entries @ specific times of day. We will not enter unless we get the nod to go ahead from the market.
So I had GOLD being bullish and DXY bearish prior to the break of structure at around 2024.730-is. Price has now retraced 38.20% up into a fair value gap but there is that untapped zone which lines up with the golden level. Since it is way past my entry time frame, I will see what price does tomorrow. However, it is somewhat confusing that DXY was trading lower...