This view is base on the monthly structure. We will have to wait for the monthly candle to open and price rejecting to the downside then looking for buys. Bare in mind we always look at volume before entering
If the weekly candle opens and breaks above then I expect the price to drop down further and then monthly to do it continuation to the downside. That is my view as of now
If weekly candles do a pullback to gather more volume then meaning it could move higher.
This is my view on gold. Overall my bias is still short. The new monthly candle is open which price will take liquidity from the top side as an overall movement for the price is down. IF I m wrong then price will make a UTAD and looking for a sell on the retest.
Price will reject from 1740 as it is a break of structure as could be a second test and there is...
This is potential trade on gold I would look for break fo structure (BOS) all the lightblue box then look for short entry. Remember there are big area of imbalance on the downside. I see some upwards move after those are filled. Good luck
My View On CJ on where the market will move in the future.
So Its a short term buy But I will be looking for sells when the price comes to the green zone.
There is a market gap at the bottom so I expect price to come and fill it at some point.
I have been working on other stuff but I will try to focusing more time on trading
- Long Term I see GBPUSD to the downside.
- I m waiting for the 5th wave to complete.
- If price break wave 4 then it must definitely going up
Use good risk management. This is a long term trade. Goodluck