Basic analysis with possible short term move for gold,
Prices tapped onto a demand zone, made a break of structure, showing us that prices wants to potentially move higher.
Lower timeframe trading opportunity we have here. Prices broke out of structure, and we are looking for a pullback onto the supply zone that caused the BOS. Wait for a structural shift for confirmation before taking SELLS.
Prices tapped into the daily supply zone, made a shift breaking out of structure. However, it failed to make a lower higher, and therefore failed to transition into a lower low to make a downtrend. This resulted in prices having the intention to mitigate higher prices within the daily supply, into refined areas like the H4 and H8 supply zones. In a similar...
Trading idea for NZDJPY, clear cut price delivery where we are looking for SELLS at supply zone. Look for structural confirmation on the lower timeframe.
We may be looking to BUY at the demand zone, for higher prices to be met. Overall downtrend but immediate uptrend.
We will be expecting reaccumulations over here, for a buy-side move towards the deeper refined areas of the supply zone, filling imbalances before mitigation
Looking for a push into our supply zone, before taking a sell if we get a confirmation.
This day trade setup will be valid when market shows Break of Structure above the level that I've mentioned. EURUSD shows strong bearish pressure.
Buy to Sell into a Supply and a Sell to Buy into a Demand. We are looking for a move to fill the imbalances, mitigating the refined zone followed by a shift in structure on the lower timeframe before taking a BUY position.
Potential risk entry on gold, a nice 10:1 potential. 2 BOS a nice impulse created with a wick trick left behind clear. 50% entry. Lets see how this one goes.
Look for confirmations if we get a pullback onto supply zone on our entry timeframe.
Immediate highs to be ran as liquidity, tapping into the supply zone then wait for a structural shift from buy-side to sell-side before taking sells.
Prices are likely to fill the imbalances lying just beneath the supply zone. Wait for prices to shift from buy-side to sell before taking a short to run liquidity lows.