Im looking for a short opportunity on gold tomorrow.
I want to see a push up towards the 1 hour fair value gap & the 4 hour resistance.
We have equal lows, which means there will be liquidity that will need to be taken (potentially).
Gold has also taken buyside liquidity at 2003 dollars, so this could give price action stronger bearish momentum.
I want to see price take out yesterdays lows; to collect liquidity (black shaded box)
Correlating with market structure I want to see price reject the 15 minute order block (greenish box) and push into the FVG (target1).
I see this happening due to the amount of bullish price action within the last day. I believe that this market is trying to entice sell...
My entry is based on the 15min FVG & 15min order block.
I want to see price fall into that area and reject it.
The first target is to take out the equal highs on the 24th March. Target 2 is the buyside liquidity at the top.
The DXY correlates with this analysis as I am expecting it to fall to create a lower low.
My risk is 1% and the risk to reward is 1:5.
Here is my analysis for gold, I want to wait for price action to take out highs before we see a decline. DXY needs to fall and take the lows out which will help push gold up. The blue box is my sell target.
Here is my analysis on gold, I want to see gold push through the 4 hour resistance, and push towards $1800.
Gold rejected the weekly level at $1729.2 perfectly, this is a strong rejection. Price wicked through to liquidate the previous buyers, therefore we should have enough momentum to push higher.
The overall target I want to see is $1820, which is the...
In my analysis, I believe we could see xrp now start moving up towards that 0.45 cent region.
- Price action has hit third touch of the trendline
- Rejecting the 78.6 daily fib level
- Liquidated previous level at 0.32500
- Rejecting support level
Please comment below your thoughts and please link me your analysis, so I can see what you're...
We have seen the DXY fly to its weekly highs over the past few months. In my opinion we will start seeing resistance play out on the DXY; which indicates we will see a bearish dollar; implying GU will turn bullish.
As you can see on the chart, I have labelled the blue boxes (4hr areas). From my analysis I can see GU falling towards 1.24500. From that...
I want to see GU fall towards our 4 hour level. I believe we will see a wick to wipe out the previous buyers before a move back up towards the highs.
I have tried to illustrate the pathway with the arrows. Please comment and like if you agree.
And I know.... another colour way lol, i have no clue what colour looks best. If you have any suggestions please help...
Price action is in a mini ascending channel, I believe we have more upwards movement. My target is 1.20 (a nice psy level).
It will also be a third touch of the trend line on the bigger descending channel. I have put a red zone on where I will be selling partials of my holding before reinvesting at a lower area. Probably at 0.20
GU has rejected our 4 hour resistance and 78.6% fib level. Moreover is still in our ascending channel. I believe price will push up towards the 1.33277 level, which indicates it will liquidate the shorts at 1.33.
This also gives me a stronger bias that this trade will be profitable; the DXY looks bearish as well..
The orange circle is my take profit....
Gold is moving bearish, if we see price have a little push up, to form a lower high on the hourly, i will enter a short trade down towards $1910.000.
As you can see we are in a descending channel. I have drawn a pink pathway of what I think price action will do.
I will only look for longs once we see a reversal candle set up around the weekly level at $1910....
Gold has rejected the 1 hour impulse level, I can see price fall to 1979, before we see a swing up towards 2030. If price rejects our target of 2030.we could see a higher low which means we could short. We are going to have to see what price actions gives us