Hello everyone, in Frankfurt, we cleared yesterday's high. Below us, a strong compression has formed, and we are still in a short movement with the goal of reaching Friday's low.
GBP/CAD Long • If price impulses up above our rayline, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's...
For gold, a strong short context is present, with the daily target being the low of the previous day. I plan to work through confirmation in the form of ORDER FLOW.
GBP/CAD Long • If price impulses up above our most recent high, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If...
1H - The hourly timeframe shows a strong short context with the overlapping of formed imbalances and fractal maxima. Below, a new daily imbalance is formed, often completely covering the previous one. Due to this, the priority is to work on the continuation of the short context.
4H - On Wednesday, after updating the local minimum, the price aggressively changed the context to a long one in the news. After that, Thursday and Wednesday passed in a correctional movement. The context is still long at the moment, and we are currently in an imbalance. Compression in the form of equal maxima often leads to aggressive reversals.
Hello, everyone! Weekly review of the gold-dollar pair from higher timeframe to lower: 1D - Daily timeframe, we are in a short context after updating the historical maximum. After that, we confirmed the short context. At the moment, we have an interesting situation as there is a raid against a raid in still a short context. In such moments, I prefer to gather...
1H - Similar to all other timeframes, we are in a long context, while a clearly emerging short movement is visible. Due to this, any short trades will be ignored until the price is firmly below the indicated minimum of 1.26100.
4H - The four-hour timeframe is in a long context. To complete the correction, it would be good to see interaction with the nearest fractal minimum, as well as the coverage of the imbalance. After that, we expect a continuation of the upward movement with targets at local highs.
1H - Confirmed short context on the main timeframe. Primarily, I would like to see the removal of the SSL with further targets above, as we have an obvious compression left without any significant interaction.
4H - The four-hour chart remains long until the price consolidates below the fractal minimum marked in red. The clear target of the current movement is the fractal minimum with an imbalance. Similar to the daily timeframe, I anticipate primarily covering the imbalance, with the continuation of the price movement towards equal maximums.
Hello! Here's a weekly review of the EUR/USD pair from higher timeframes to lower: 1D - Since Wednesday, we have shifted the daily context from short to long after the price secured above the fractal maximum. The target was set to the nearest fractal maximum. On Friday, I expected the removal of the fractal local maximum, and the price, in turn, made a corrective...
#EURUSD Update The long context is still intact, and it's interesting to consider building a position after another round of liquidity removal below. The targets above are still relevant, formed by the imbalance. Perhaps before the New York open, we will cover the imbalance, and during the New York session, we may experience a full-fledged long movement. The...
GBP/USD Long • If price corrects and a tight flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/CHF Long • If price corrects and a tight flag...
We are in a sideways phase of the long movement, with a clear long context, at least until the price consolidates below the PDL. As long as we are trading above it, only long positions are considered valid.
Daily timeframe, removed the fractal minimum formed on Friday, the target of the movement will be the September maximum. The context remains long.