Price currently in a downtrend on the lower tf and approaching an OB, alongside a shark pattern was spotted which perfectly congruent with the institutional candle just right below liquidity pool created. going to the 30 mins tf, a deep crab was also stotted which also aligns perfectly with the PRZ. check comment below for the lower tf analysis.
Price didnt come to our initial entry level, but on the smaller tf, we got agood reentry zone, this is how far price has gone, in the week ahead, we do a follow up.
A bullish Gartley pattern spotted on gold and expecting price to go for the final lap in completing the bearish butterfly from the daily chart, hence, price clearing out liquidity then the drop.
Liquidity Pool created next to one which just got cleared. looking at price heading down to take out the liquidity and mitigating the institutional candle that took out previous liquidity. price as well left an imbalance which is the possible buy entry.
On the 4 hour timeframe, Gold has been in a bullish trend, creating Higher Highs and Higher Lows. These Uptrends has been forming as a D leg completion of bearish Butterfly harmonic pattern.
Curently price is at a mini resistance creating liquidity just below the D leg of our pattern. Expecting liquidity to be grabbed, triggering entry of the harmonic and a drop...
A quick update on EURUSD pair. Price just hit a 4 hour order block (reason for the quick short term buy). Heading to trigger entry at institutional cartel candle at 1.123 mark.
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