Looking to go long somwhere around the daily demand area, which i have it refined by my hourly Order Block.
Prices needs liquidity in order to move any further up.
The resaon why i'm also long on GU is because inflation are still extremely high
within the US economy, which i believe is going to make the dollar a lot weaker over the pound.
Looking to go long from within one of these POI's, preferably
i would like to just take a long from the M15 OB, because it makes more
sense to me in terms of how structure are moving for gold.
My tp is set at Equal high's on the Daily TF, where there are lots of money accumulated
from within those areas. Many traders like too call equal highs as an resistance,...
Looking to goo short around these H1 supply area.
Waiting too see how prices will react too my m5 refined zone,
and waiting for London session, since I only trade London and early NY session.
Overall lets see what prices can show us during those times, but also on LTF as well.
My TP is set at EQL'S, perfect area too set TP at especially since prices
Looking for prices. to reach my H12 supply area before looking for a sell back into
my daily order block.
Overall we are in bearish territory for a lot of major pairs, my main focus this week is to trade with the trend and not against it.
Overall this week we have a lot of important news releases for EURO and USD, we can expect a lot more volume for the upcoming...
Looking to goo long with my M45 OB area,
and or my H3 demand zone.
It really comes down too what the LTF's are showing/ trying too us in terms of
what prices are trying too do.
Overall my bias for gold is bullish, especially since the daily and weekly TF are showing us
only bullish momentum within the past few days/weeks now.
Looking to go long within these H1 demand zone.
If we take a closer look at what GJ is doing right now,
we can see that prices have been ranging for about 4 days now.
My theory is that prices are creating liquidity and lots of manipulation within that range faking traders out.
We can also see nice bullish momentum candles too the left of the screen indicating...
We had a nice bearish BOS, with a volatile move.
Implying that sellers are active from within the markets,
and my overall bias for the dollar is Bearish.
Also if we scale down to LTF such as the M10 TF, we can see an order block, were orders were placed at.
I'm looking too take a risk entry around the M10 OB my SL is right above that candle high.
Looking to go long from within these OB(order Block) areas.
We also have USD employment News release at NY open. Prices are forecasted to be bullish for the dollar,
so what can possibly happen is gold could be bearish during this news release but can possibly be bullish again
after the release. This is just a possibility of what can occur.
Prices are finally in our POI.
From the last post of UJ, prices made exactly what I predicted it would happen aka manipulation.
Theres lots of bullish momentum in this London session. Not sure if we will find an entry during this season, or an entry at all due too the volume. But I feel like we will most likely have an entry during pre NY session.
My target is set at H1 demand area.
We're at a daily supply, and we can see structure build up, aka accumulation forming.
Also we can see nice wicks rejections on the H4 TF.
Thats why I believe prices will goo bearish.
Also if we look on the higher timeframes. We can see this pair overall trend is bearish overall.
H1 TF Breakdown for USD/JPY.
For USD/JPY I can see lots of manipulation occurring for this pair,
thats why I believe prices will reach my H4 Supply area.
Overall I am being very patient with this pair, and just waiting for a perfect setup too occur to goo short.
Scenario #1: We can sell of to the H4 demand area, where can can possibly see some bullish momentum.
Scenario #2: We can Tap into the H4 supply area, where can can sell of or possibly catch a nice pullback on LTF.
Scenario #3: Or we can violate scenario 2 completely and we can be bullish overall.
Overall I'm just being patient and waiting too see what prices...
This is what my entry is looking like for EUR/USD.
I posted this idea a few days ago on the Aug 23, but I found a nice entry on LTF.
Still waiting for prices to reach my M5 Supply area, but overall looks like a fantastic setup for myself.
And we also have fibs alignment, which acts as a mini extra confluence.
And on LTF, we can also see sellers are active....