As we can see price started to sell from last week at Ny session.
I do expect for price to continue to the downside to around 1930-1940 area or even taking out those lows,
but in my opinion we are due to a retrace before any continuation.
As price kept selling trough asian i think we are attracting more sellers into the market, but we will break out to the upside of out asian range, at this point we will have once again buyers stepping in creating more liquidity for the real move.
Im looking to buy around my blue zone given.
At this point if we get a close around that zone we will have closed under our previous 1/4 H structure HL indiciting their is selling presure, retail start selling and we will look for sells once our supply zone gets hit.
Once their is some confirmation i will look for buys.
If price decides to already break out of our range not respecting our trendline made during asian we will look for buys based on that scenario.
Lets see what gold has in store for us this week!
Have a nice trading week you all !
I do expect for price to continue to the downside to around 1930-1940 area or even taking out those lows,
but in my opinion we are due to a retrace before any continuation.
As price kept selling trough asian i think we are attracting more sellers into the market, but we will break out to the upside of out asian range, at this point we will have once again buyers stepping in creating more liquidity for the real move.
Im looking to buy around my blue zone given.
At this point if we get a close around that zone we will have closed under our previous 1/4 H structure HL indiciting their is selling presure, retail start selling and we will look for sells once our supply zone gets hit.
Once their is some confirmation i will look for buys.
If price decides to already break out of our range not respecting our trendline made during asian we will look for buys based on that scenario.
Lets see what gold has in store for us this week!
Have a nice trading week you all !
Comment:
Comment:
Take in mind that we need a confirmation upon entry the setup will be valid once we see our confirmation. No confirmation no trade.