A study of reaction of price from liquidity within/around the range
Good morning ladies & gents . We are officially in another bullish cycle for Gold, so the favourable direction to trade it in is LONG. Price created an extremely bullish structure offering us a risk to reward long opportunity. This bullish structure is created through a break of bearish market structure on the D1, H4, H1 timeframes. I'll be scaling out of the...
Strong Bullish Signal: The pair showed a sharp growth supported by the increased volume, which means that the smart money pushed the price up. Moreover, we need to mention the presence of the local uptrend. Volume Zones: We need to allocate an important level of resistance/local maximum 0.7800. Sentiment: This indicator shows that 81% retails traders are in...
Good morning ladies & gents . We are officially in another bullish cycle for Gold , so the favourable direction to trade it in is LONG. Price created an extremely bullish structure offering us two key areas to look for longs on. This bullish structure is created through a break of bearish market structure on the D1, H4, H1 timeframes. Today its 15th February...
EJ Mitigating bullish order block
Strong Bearish Signal: The price continued rising and totally absorbed the previous sharp fall, which shows that sellers don't have enough power to propel the price further down. Moreover, it means that the downward correction has already ended. Volume Zones: The price is trading near the resistance level 105.68, which is also a local maximum. Sentiment:...
OANDA:EURUSD Trade Idea - 💡 Bearish Order Flow on the 1h, looking for a short to the candle that started bullish momentum Will be looking for a small timre frame dsitribution to confirm entry Let me know your thoughts?
Strong Bullish Signal: The price demonstrated a sharp growth and tested the resistance level. The pair could not break it out, but is still trading near it. It means that sellers don't have enough power to propel the price down. Besides it, we need to point out the presence of the local uptrend. Volume Zones: We need to allocate an important level of...
Strong Bearish Signal: The showed a sharp fall supported by the large institutional volume and broke through the previous support level. It means that there is a significant sales imbalance at the moment. Volume Zones: It is necessary to point out the new support level 104.53. The price is currently testing it. Sentiment: This indicator shows that 66%...