XAUUSD -
Gold has been heavily bearish because of various fundamental reasons. PA has now made its way down to a key level and also daily demand, so i'd expect to see a pull back possibly back into the 1785 region. will be waiting for confirmations on potential long entry for counter trend buys. Bare in mind there is trend line liquidity which price could take...
Price has the tendency of going into the previous day's supply OR demand before continuing in another direction.
This observation however is not 100 percent as price does not always respect previous supply.
What gives an edge in this strategy is the ability to look for price action confirmations at daily supply zones.
CME_MINI:NQM2022
- PR High: 13043.00
- PR Low: 12859.75
Evening Stats (As of 12:05 AM)
- Gap: = N/A
- Session Open ATR: 414.36
- Volume: 58k
- Open Int: 235k
- Trend Grade: Neutral
- From ATH: -22.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 13500
- Short: 12390
Keep in mind this is not speculation or a prediction. Only...
CME_MINI:NQH2022
- PR High: 13398.75
- PR Low: 13330.25
Evening Stats (As of 10:25 PM)
- Gap: = +0.45%
- Session Open ATR: 465.11
- Volume: 28k
- Open Int: 73k
- Trend Grade: Neutral
- From ATH: -20.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 13500
- Short: 12390
Keep in mind this is not speculation or a prediction....
After consecutive losses for Nasdaq - we have arrived at a daily level.
Awaiting a upthrust to catch out the breakout traders and retailers.
Once back in the zone, we will go long
If the candle does not close in the zone - we will assess the rstest on this fresh area and scalp trade.
Planned for both sides. Ready to take action.
CADJPY is in a ranging atm. Price came to daily demand zone (blue), broke and retested a newly formed 4hr demand zone (yellow). Looking for price to come back to 4hr demand and bounce off the refined 15min zones to look got longs.
Also I will be looking for short as well incase the price doesn't come back to demand, I'll be looking to short around the 83.5/83.4...
