We had two setups today: gold and NZDUSD and although gold missed our entry, NZDUSD activated during the FOMC statement and rallied upwards. Price action will determine whether price will continue bullish or not.
Just like the gold setup I published earlier, I also think NZDUSD will behave the same. Likewise beware of Crude Oil Inventories
Gold has a high volume and momentum bullish candlestick that was caused by yesterday's core CPI news. With the momentum candle having broken structure upwards, I think it's most likeley that price will continue bullish at least to run the engineered liquidity above yesterday's daily high. NOTE: BE CAREFUL OF CRUDE OIL INVENTORIES AS THEY MIGHT NULLIFY THE SETUP
Price used the core CPI news to take out engineered liquidity below DXY last week's lows and above XXXUSD last week's highs.
We had some nice setups from last week that moved well this week like this one on Nasdaq. All TPs hit
US100 broke structure upwards and there are still imbalances that need to be filled upwards. So I think that it might retrace to the price above which it broke structure, that is around 1162 - 1160 and buy off from there at least up to the current highs at 11826 where a run on engineered liquidity might happen. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT....
We had this 3H gold sell setup on 5th Dec 2022 that had failed to activate because price was in a rush downwards. So last week the setup activated although it rallied a bit higher than my expected entry to take sell orders at around 1805.80. However, the stop loss wasn't hit and the trade is still active. Let's see how it goes. ALWAYS APPLY PROPER RISK MANAGEMENT.
US100 once again dipped into the 4H order block at 11504 this week from which I anticipated demand to kick in following the previous setup last week. I anticipate DXY to drop further and that's why I think US100 might rally at least to fill a volume imbalance above last week's highs. Let's see how it plays out
If you've been following my setups then you probably saw this DXY setup that was most likely to sell off from a break of structure supply zone. However, since it didn't further break structure last week, it rallied a bit to run last week's short term highs. Let's wait and see how much lower price action will drop. Though with how price action is playing out, it...
I shared the setup yesterday and price spiked to my intended zone during the PMI news then continued upwards. If you're interested in learning you can join my training and or mentorship sessions. I'll be happy to have you on board
DXY has a strong bearish momentum and has already broken structure on the hourly timeframes. I therefore' think that it'll drop further to take run the short term lows created this week and possibly to also run an old week's low. R:R = 2.5. THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. APPLY PROPER RISK MANAGEMENT
The setup was given on Monday and it played out just fine
Candlesticks are price messengers and tell us a lot about price. A look at the previous 4H candle shows impulse but it was also unable to break structure hence it'll most likely seek a deeper discount before potentially rallying for the void and imbalance above
If price decides to clear those short term highs, it might inject bearish orders which could retrace downwards to mitigate at the bullish OB where I'll be willing to take my chances up to the end of the void and bearish OB above because I already have bullish impulse and BMS
This setup would have worked quite fine but price decided to target last week's lows for liquidity runs. I hadn't anticipated that since I expected those lows to be run during a news event. However, I had warned that the setup had quite a high risk attached to it.
I had marked that particular zone as a potential resell zone two days ago and it activated but there is no presence of market makers. Instead price is consolidating which means that they are accumulating retail traders entries to act as engineered liquidity for their large positions. So when they have enough retail traders positions they'll most likely spike price...
Since US30 doesn't show any bullish impulse on 15min and other lower timeframes, I think it might trigger buy orders at the 1H order block below the current lows and rally to fill the 4H volume imbalance. The setup offers a 1:2 R:R. USE PROPER RISK MANAGEMENT
This is what I think might happen on Nasdaq but please note that THIS IS QUITE A RISKY TRADE AND MIGHT FAIL TO PLAY OUT.