We were coming off a big downtrend in GJ, when the sellers exited the market, we saw this uptrend in price recovery. Then I was waiting for the reaction of the price in that area, because it is an IFC + IMB, in my operation it is the best setup I could find.
I was very aware of the upward movement all weekend, I really liked the setup, it finally went to the extreme daily / weekly and from there full bullish, I expect new setups, but here I leave you my opinion of the XAUUSD as it is now.
This could be a possible setup compared to my previous XAUUSD analysis.
I would wait to see how the market opens and if a bad price action entry is made, I would look for a re-entry in the London session on Monday.
My previous analysis we had a reaction from the price but finally with the result of the NFP of this past Friday, DXY took a lot of strength. This is why we saw the declines in EURUSD, XAUUSD and GBPUSD.
If we have confirmation in LTF in the zone that is right now we can find a good swing to the upside with targets like 1820.00
As we see the market wants to remove all buyers before going higher. Still hoping that the price mitigates the blue rectangle and from there it would look for longs until 1845.00, it should recover an imbalance in HTF.
First target 1828.00
Incredible intraday swing that GBPAUD has left us, in HTF we saw that the pair is fully bullish there why we always look for setups to buy. The price reaches our point of interest, we see that there is good momentum in the area, we also have a break in LTF structure in favor of our interest and finally we define our entry POI and go upside!
It is also very important to know how to trade a continuation of the trend, all the LTFs marked a reversal to the upside and that is what we did.
Much more content is coming here and also on YouTube I hope you learn a lot and that you ask in comments any questions you have that you post them in comments.
What happened today in EUR USD is a clear example of liquidity distribution
We get equal highs and lows
Then false break of structure
As a consequence we have a FU candle and finally the downward movement
Bullish sentiment, bearish real move