Institutional traders closed over 14000 long positions and added a bit over 3000 shorts. We may be witnessing downside pressure. Look what happened 16th may when longs started getting closed for profits
Gold has D1 demand zone in control W tl was broken. One more day to go to see if the W candle closes below. Institutions added to their longs slightly this week. Watching this demand Zone. If it breaks. I will be looking for short scenarios for swing trades.
As expected D1 DZ was used to fill in some orders and it had pushed price higher towards the Daily supply imbalances. Possible swing trades (shorts) off fresh daily supply zones or even better on fresh 4h supply zones created off daily supply imbalance zones. Short term higher risk longs possible targeting D1 supply zones.
Weekly supply in control SHORT active on W institutional supply imbalance zone
USDJPY reached D1 SZ and possible downside pressure may take place for the short or medium term BUT. If this D1 SZ gets taken out then we will have a fresh D1 dz formed. Now that would be interesting :) Patience is a virtue…
FTSE possible shirt term short on D1 supply Weekly supply in control FTSE possible shirt term short on D1 supply within W supply. 1/3 r/r ratio As usual when 1/2 gets hit we close half position and bring SL to entry
Good odds on META short institutional Supply zones. D1 within W and M
Not the best setup but we may have a nice bounce off this D1 demand imbalance
CHFJPY potential SHORT on D1 supply zone. Supply zone in play. We may have a short term Short possibility
4H fresh demand imbalance long on gold CON: D1 and W supply in control PRO: higher time frames are still trending up.
USDCAD 4H short on 4h Supply We have a short opportunity before a possible long in the mid term
NASDAQ weekly supply imbalance short term short Entry on 4H supply zone Targeting D1 Demand
Coca Cola released good Q1 earnings yesterday. The Stock encountered M Supply imbalance which may give us a short possibility for the short term 1/2.5 risk reward ratio
XAUUSD Possible short IF 4h demand zone breaks We had the 4H RbR demand zone where we had our previous BUY position. We already took profit on that As a shorter term trade we may possibly have a SHORT upon this 4H demand zone breaking It is not a market trade. Its a pending order STAY GREEN!
Long on 4h IMBALANCE ZONE It has room to reach W supply zone
Previous USDJPY trade was marvelous possible RE-ENTRY if you took profit on the first one !/3 risk reward ratio as usual
Supply in control Looking at shorts. the NFP may be messing with our plan later. So let's see So far order is still pending
Opposing supply has been taken out by a Rally base Rally on GBPUSD. we have a LONG possibility on this fresh 4H demand zone