SPX neutral with a bias to the downsideAfter yesterday's drop that hit my 3770 target, we are holding near the weekly lows in discount. On the LTF the buying started in A/S sessions on through London session to take out some on the short term price imbalances.
Last POI was a reaction off of a -FVG that can be seen on the 15m and 1H charts. We will need to see if the fresh +FVG (not noted but its there on the same charts), the A/S session range, the DO, or the TDO holds up, else we continue down for the day. There's even a +OB at the 2:30 candle on the 15m, so I'll definitely be watching out for these +POIs.
The unemployment claim release at 8:30 is a good catalyst for a decision on the move today and that's where I'll be focused in on. The forecast is for higher claims and I am in agreement with that but I'll be patient in my bias.
Terms:
LTF: Lower Time Frame
POI: Point Of Interest
A/S: Asian Sydney session
-FVG: Bearish Fair Value Gap
+FVG: Bullish Fair Value Gap
DO: Daily Open
TDO: True Day Open
+OB:Bullish Order Block
Poi
WEEKLY FORECAST Looking at the current market condition, regarding positive cpi report which came lower giving EUR the push to the upside. now which looks to make a snd and snr patterns in the following week.
despite all the efforts on the push to fight against Inflation is still quite brutal and would still push EUR against the dollar in the downside for long run. however its only analysis based on my sole view and not a recommendation to any typical position taking decisions.
thank you
GOLD (XAUUSD) 1DHi there,
Over here i got the Bulish Bat pattern on daily TF so you can found the buying Opportunity, and also here is POI on D1 TF From 1677 to 1715 as i mentions in the chart, And also from here the 0.886 (88.6%) level of fibonacci retracement, The Last thing is that it is a strong support also.
Note: this is not a financial advice thank you
STEP 3) WAIT to see Price RETEST of HTF''s POI on Counter-Trend It is an established fact that price usually makes a RETEST to the protected Demand or Supply zone regarded as Institutional Order Flow (IOF).
So it is critical for every price action trader to WAIT for a Return to Order (RTO) . But this doesn't mean that price must hit the POI at all times.
They are others factors that may like to cause price reaction off the Demand or Supply zone. These factors include: Imbalance, Hidden Base,
Inducements, e.t.c.
EUR JPY ALMOST THERE!!eur jpy is getting close to my Point of interest and I see a good buying opportunity coming but keep in mind before you buy you need a confirmation on the lower timeframes
I'm not a financial advisor but if you have any questions please let me know in the comments and a follow and like would be appreciated
XAUUSD gold will grab bull liquidity!Xaausd (gold) made a trap as seen in my recent post and its back in the POINT of interest so I will be looking for shorts I think it will hit the breakeven from the shorts that got in early at the top its not much liquidity but its something and after that, it will make the move down, in the worst-case scenario we will get above the POI and then get down even harder so keep your eyes open on gold