Olajireolapoju

Olajireolapoju Updated 

Dear Traders, For those who paid attention to my analysis on Friday on this pair, you would see that we have ticked the box on the retracement to the top of the down channel and got a rejection from there. A reasonable number of pips were made from that prediction in our community. However, seeing chatrt pattern in the 4-HR chart at market close, there is a...

Olajireolapoju Updated 

I am expecting to see some reasonable retracement on GU today.

Olajireolapoju

My eyes are on the Lower Support for potential retracement

Olajireolapoju

Hello Traders, As you can see, the price is moving perfectly in line with my bearish prediction for the week, and kept taking out sell-side liquidity. I am now looking forward to some level of retracement and am willing to wait for today's candle close to check if the price is ready to continue SELLING. My immediate next target for Gold is 1897 and 1885 and if...

Olajireolapoju

Dear Traders, I would like to see all the liquidity sitting below the current market price of BTC daily taken out before attempting to buy this pair whilst waiting for price action for a while once that happens to confirm the next move. I am however hoping to see some retracements on the daily in the next couple of days. For now... Let me remain neutral.

Olajireolapoju

Dear Traders, I am waiting for more data to see what is likely to happen on Gold. However, Keep an eye on the Daily Bearish (Pink Zone) and Bullish (Green Zone) Order blocks and no trading in between (Yellow Zone). However, that is not to say that there are no opportunities in the Lower time frames for buying or selling, I just have a preference for waiting on...

Olajireolapoju

Dear Traders, There was a bad news for GU but let's see if trendline would keep getting respected after grabbing that Relative Equal Low (REL) liquidity

Olajireolapoju

Dear Traders, In my opinion, I believe ETH has a great potential to get to 21XX before any retracement. However, if we see a bodily closure below the trend line, we might see 13xx. However, i am still skewed toward a bullish ETH for now.

Olajireolapoju

Dear Traders, I see gold touching the 2001-2022 zone in the coming week before any major fall this week. However, Any daily closure below 1881 may see gold continuation to the downside to close the gap at 1867-1872 zone. The Gap has been created since March 2023 and yet to have a bodily close. i am however, skewed toward a bullish retracement first. have a...

Olajireolapoju

Dear Trader, You would recall I have been making reference to the 1940 zone for a while and the price broke that zone but have not retested it since then. I am still neutral on Gold until the price gets to my sell or buy zone, Whichever comes first. I am looking to sell from 2001-2022 or buy from the 1928-1948 zone but for now, just watching and waiting to see...

Olajireolapoju

Dear Traders, For this that have been following, my idea, you would notice that I mentioned that if the bulls are really serious, they move the market above 1940 and then 1957. Both Levels got broken to the upside since 12th July and Gold has been trading above 1952 testing 1962+ in the early trading hours of the day. I got into my Buy trade at 1941.75 via a...

Olajireolapoju Updated 

Dear Traders, I am seeing some signs of exhaustion from Gold buyers and only a closure above 1957 will make me start looking for a buy entry. Trading is a game of patience

Olajireolapoju

I am going to be looking out for signs of reversal/retracement inside the lower bearish order block as it is sitting right inside the bearish breaker block. In the longer term, any of the scenarios green, orange, or red could take place. Remember price action is key.

Olajireolapoju

Gold actually hit our TP with the trade shared with my team, rejected resisting siting at 1933 and tested the market Gap zone that was created at market open. There is no BOS in 30 mins to validate sell. Still waiting for direction (Buy or Sell)

Olajireolapoju

There is an unmitigated order block on the daily with a very obvious fair value gap embedded in it which makes the order block a very valid one. However, remember Gold has a mind of its own and patience is the key to work. If I see any reversal to the downside, I will wait for the 1912 buy with only 30 pips stop loss but we have to see a closure below 1918 first....

Olajireolapoju

Dear Traders Whilst I see the obvious imbalance as well as the possibility of it being mitigated suddenly. Gold is still at risk of a sharp drop to the weekly supply zone with the possibility of closing the market gap created within the supply zone. The best way to make money from this metal based on what I am seeing is to wait and see if the imbalance would...

Olajireolapoju Updated 

Quite a lot of inefficiencies on BTC, we might just see a sudden spike into the bearish order block for a sharp sell and this pair remains a no-go area for me at the moment unit I see liquidity being grabbed. So many Stop losses above the down channel which is currently looking more like a bullish flag. Selling may be quite dangerous for now but, this pair will...

Olajireolapoju Updated 

My Bias for gold sell is invalidated with a 4-Hr candle close above 1978