Given that we're trading in a sideways market on the weekly time frame, opportunities on both the long and short side can be taken, so long as it adheres to the trading rules.
As such, should prices trade below 0.97, potential long at daily demand can be taken.
A potential long can be taking given the sideways market that we're in on the weekly time frame.
Stops below 65.625 and 64.2 may have been triggered and prices seem to have reacted to the daily demand at 63.7.
Missed this potentially profitable trade as I was away on an overseas tournament. Looking to get a long position should prices trade below the 63.6 level.
Being in a downward trending market on the weekly time frame, only shorts are allowed on the daily.
As such, having identified potential stops at about the 1.85 level, a short at daily supply at 1.189 may be taken should stop hunting occur.
Trend on the weekly is down. However, we've moved into a sideways market on the daily. As such, only trades high on the weekly curve can be taken. As such, a potential short at 148.77 has been identified
Trading in a non-directional market on both the Monthly and Weekly time frame, and given the current Monthly Supply in Control scenario, only shorts are allowed. Hence, should prices trade out of the 1.09 level, potential shorts may be taken.
However, a note to take is that prices may have already reacted to the daily supply, causing the drop in prices in the ...
Gold has entered a consolidation phase and expected false breakouts at 1307.65 and 1282 levels may occur. Should it occur, daily supply and demand zones have been identified for either positions to be taken.
Given the relatively high position on the weekly supply and trading in a non-directional weekly market, daily stops at the 110.25 level may potentially have been triggered. As such, a daily supply short has been identified
Trading in a non-directional market, potential trades both above and below potential stops have been identified for a positions to be taken.
These positions also coincide with the weekly and monthly supply and demand zones.
As prices are currently in the monthly demand, no shorts are allowed. Instead, we're allowed to look for longs should there be a lost in momentum.
Having gained momentum on the daily and removing an opposing supply, a daily demand zone has been identified for longs to be taken.
Weekly -> Sideways market, look for either longs/ shorts on the daily.
Some potential stops at the current highs may result in some stop hunting in the weekly/ daily supply areas for short. I've even gone down to the H4 level to look for more quality zones for the trade to be taken
As stops are potentially building up at around the 1.273 level, some stop hunting might result in prices being pushed lower into weekly demand. Should prices end up in that area, some potential daily demand zones have been identified for long trades to be taken.
With prices removing the daily momentum line, a new daily supply has been created. Looking to short at that level should prices retrace to that level.
Prior to this, a trade has been taken and partial profits taken. Still in half the position and trailing until stopped out.
Prices on the weekly trending higher, with a upwards momentum, longs can be taken on the daily. As such, with stops and a daily demand identified, a potential long has been taken, looking for partial profits at the previous support, and final profits at just below the daily supply.