GOLD is at a premium zone, I will be looking for an opportunity for entry for the VIP members, this is no confirmation to buy yet
This pair is currently in an expansion phase, we know that as soon as a breakout occurs after expansion, it goes for the next supply or demand then resumes the trend, so that is what I am anticipating on this pair
This is a high probabilty setup we see a change of character and price coming back to mitigate the demand zone, so we can expect an impulse move up from here
Here is an analysis I shared with VIP members a breakdown of what we can possibly look for in this pair, we have shifted bullish where we see a change of character and the momentum is going upwards
We have been in this pair since late on friday when our buy limit orders were activated. Because there are no major news today, we will probably see the pair move better tomorrow, but we are in the buys and this is an impulsive move that we are expecting
We have a change of character on the 4 hour chart and price has mitigated the 4 hour supply zone we can take profit and the next demand where we can see theres liquidity and imbalance below
I have been personally looking for buy opportunities on USDCAD for a while, I waited until I could see a trend change in the smaller time frames, so I will enter here, a little risky because there are no absolute confirmations on bigger time frames, but my risk to reward, looks okay for me so I will till the opportunity
I have been waiting for this entry it has not tapped into my point of interest and reversed, we can see there will be a shift because there is a new LH created and we have an unmigtigated order block
Price left a demand zone and liquidity, it came to take it out, the overall structure is bullish and its at a demand zone again, which signals we should buy again with our profit being the last high
There is another opportunity to enter short if you didnt from last weeks signal, it has a 1:7 risk to reward
GOLD is at a premium supply zone and as I mentioned earlier that the setup is not complete yet, so this gives an opportunity to sell again
The buy setup looking good for the week, waiting for the price to touch the demand zone to ride the impulse wave up, will be using a 1:7 RR
Another setup we are looking into the VIP is this one, price keeps breaking structure and going to premium levels to continue the trend so now we have a swing high and we have marked out a premium level that we would love price to come to.
This is the setup we are looking for for GOLD, price is also at a premium demand zone so we are definitely going to get a reaction from this area, we can look in to shorting after we see that liquidity has been taken out
EURGBP has changed its trend from a downtrend we can see a new high was formed, you can now start looking for entries for long positions and holding it until the high that has formed or you can swing it even further.
CADJPY looks like its done with the correction, and we are now expecting to continue with the 4 hour bearish trend
This setup is very similar to the AUDUSD setup I just posted, price has engineered liquidity below a supply zone, and this is giving an indicator that price will come for peoples stop losses and buy stops placed on that level and then continue to fall.
AUDUSD: this is the setup we are looking for, entering buys is not advisable because its a correction and not the trend, the impulse will come when we mitigate the highlighted OB, so let's wait for liquidity to be swept.