On the daily tf, i have indicated what i see as a liquidity pool which could possibly act as a it is a magnet and pull the market in its directions. Therefore we have seen the market break the buying structure and introducing the new selling structure. It is seen that the market has created a M our showing respect after it has validated it coming back to touch...
DXY has recently filled a Fair value gap giving us an opportunity to ride an impulse, market structure seems to have been broken ok the lower timeframes, Now candlestick trading is key, the price is currently bouncing off a demand zone where we find an inverted hammer situated in it, in my studies and experience of trading this would indicate a very good...
Usd is the base currency and cad is the quote, since this means it is negatively correlated with gold, it would more smart to look for selling opportunities on it
Price has retraced back to a point interest, we find this POI by recognizing how the market rallied aggressively upwards,other people know it as a demand zone and some as an order block. When price reached our point of interest, we waited for Break in market structure which is shown by price breaking two previous highs while rallying upwards from our POI. Price...
