Multiple entries on this since the sniper shot, having fun risk free i hope you guys are too.
There are a lot of other pairs that i am also giving out in my free educational channel, Link in bio
Short term sell
Looking for price to fill imbalances and clear liquidity before my long term buy comes into projection.
Overall structure is still bearish and in light of the safe haven yen (JPY) being more dominant in todays current market due to global economical data i am in favour of seeing a stronger push down.
I like this set up for multiple reasons.
My confluences are :
Bearish structure has been broken
62% on Monthly fib
70% on weekly fib
Red box = Mitigation zone on smaller time frame.
Discounted price for a buy
Above price currently there are more areas of liquidity and imbalance to feel which grows my confidence in believing this to be a high...
Kill zone activated my trade order, With fundamentals playing a strong factor in the bullish momentum right now i have been waiting for a pullback between the 62%-88% zone in order to place a buy.
Looking at trailing my stop loss with this trade as i do with every trade.
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Looking at staying long with this pair in hopes of a weaker dollar, between 62% and 88% will be my kill zone area.
My red box highlights the mitigation zone and will be looking to see if price reacts from inside the zone off of smaller time frames.
As today is Monday i will not be eager to place a trade unless i see a clear confirmation.
Bearish opportunity for a quick sell prior to a potential big buy, with price action showing us lower levels of reaching and low volume right now i am bearish on this until most likely NYSE open when we should see a strong pump upwards.
Quick smash and grab before long term set up, trailing already in profit so enjoying this trade risk free
Like the look on this, already secured 20 pips before we have seen a bullish pullback however with large targets to the down side and a short term strengthening dollar i am in favour of this being pushed up possibly higher before we get a move down.
This for me shows me good signs of reversals using fib and market structure.
This is a trade to hold or scalp moving your stop loss accordingly if you are looking to secure some profit.
Lets see how it goes!
Bearish set up as the last couple of weeks have filled imbalance as well as played off of the 70% fib. I am looking at shorting this pair for a few reasons.
-Imbalance above filled
-Mitigation zone below
-Failure to break bearish structure
- Liquidity below
With the last equal low below soon to be taken out the market has left a lot of liquidity pools above combined with imbalances and mitigation zones. By identifying institution candles also this trade is a high probability set up for me as i believe the upside targets must be taken out before a continued downward move.
I plan on holding this trade for as long as...
Interesting set up on all time frames, a nice reaction off of 50% from a previous weekly candle has given us a sniper entry and now going down into the daily time frame the pull back we had has given another nice entry. Going down to the 4H you can see areas of liquidity visible along with multiple imbalances, beneath that we have mitigation zones and...
Looking for the targets above to be reached.
Fundamentally - Brexit along with global recessions are on the cards which will strengthen XAU.
Technically - Bearish structure on 4H time frame has been broken however looking at M time frame we can see higher prices looking exhausted.
Long term i would like to see 1700 reached and above that will confirm bearish...
As we can see price struggled to break the bearish structure on the daily despite the bullish rally we have previously just had, i would like to see price now come down to at least 61% which for me i have marked this zone in green and the blue zone being 88%.
Mondays are never really a day i look to enter markets but over the next coming weeks as we are also...
This is an interesting pattern that I can see. The current price action resembles two previous patterns both of which delivered +50% gains on their final stage.
The pattern has 4 phases before the major rise:
* Sell off, where the price is aggressively sold after a peak. Possibly profit taking.
* Accumulation, where buyers emerge and defend the support.