selling ECAD continued analysis from previous post. looking to take profits at either LOD for 1:2 or 1:4
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An interesting and thought provoking commentary. I would like to now see a movement lower to the OTE followed by a significant move higher.
Here is the market outlook on Gold (XAUUSD) for next week from 3rd to 7th of June. It is a clear projection of what is mostly likely to happen on gold in the coming week. ANALYSIS; In monthly timeframe there is a clear rejection from the upside in May candlestick the same as what happened on April. This is a clear indicator of presence of sellers at this level....
Well maybe not exactly like clock work but you get the picture. We have predicted the lows and current area of price. I will look for a deeper dig into the OTE and monthly order block before taking price higher.
IMO we are now set for a shift higher in price. Remember swing trading is grand but we need confirmations to enter. Entering without confirmation and without appropriate risk management is gambling.
Price has delivered exactly as predicted weeks ago. Look for buys at the fvg or ideally the OTE.
We see a text book movement to take the previous swing low liquidity. We dig deeper into the monthly order block. HTF is always king. I would like to see a little deeper dig lower over the next couple of days and then a bullish reaction to take prices higher. Purely based on algorithmic price delivery.
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Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. Without any prior preparations on the chart, I'm going to go through various pairs, and giving a real-time view of how I perform my analysis on the weekends before the new week. I'll give my take on what has been happening, and what i'm expecting in either the coming...
CONFLUENCES FOR TRADE 1- mapped out asian highs and lows 2- price broke below asian low signalling a bullish bias 3- price broke structure into asian range 4- price pulled back into an imbalanced or inefficient demand POI 5- I executed with a limit order setring Stoploss below the low and profit target above the opposite direction closing a 4.95% ROI
Monthly Price Boundaries: 1.09103 -OB 1.09472 EQ 1.06950 Prev Sellsweep
Liquidity Pools Of Importance: Consequent Encroachment: 1.28334 Macro Buystops: 1.31424 Discount: 1.23035
Area of interest: EQ; $39,040 Liquidity Void: $38,400
All-time highs booked @ $5,368.25 before a minor retracement below the 13th May 24 lows. Area of interest: Buystops: $5,368.25 Sellstops: $5,205.50, $5,166.50
104.487 weekly orderblock is under attack! Will respect be given? Buystops in question: 105.742 Sellstops in question: 104.080
Teetering around both PD arrays on a a macro timeframe with 114.11 sellside and 118.23 buyside in scopes
May's price action hammered into the macro EQ @ 4.404% before closing 60%* inside of the previous monthly candlebody. 4.739% 1st buystop liquidity 4.313% 1st sellstop liquidity