ammaralfa

ammaralfa

To get in depth a little bit let us understand the main concept of supply/demand , where liquidity stands (stops , orders , limits , profit taken...) in this case in Gold we noticed sellers formed a very strong supply/resistance area at around 1830$ and that level was strong enough to sink price down back to 1680$ , but as soon as price reached 1680$ we saw huge...

ammaralfa

we might start to see bears coming in strong next week if resistance holds , and might see a very sharp drop , trade safe.

ammaralfa

just an idea to archive will come back and check later.

ammaralfa

i mostly like to enter my trades based on market liquidly , we are in a price accumulation as for now , nice opportunities inside this zone , trade with those whales !

ammaralfa

we all know markets tend to follow liquidity , situations like this happen much often on every time frame , mostly on key levels such as s/r levels , they could be small as 10-20 pips on small timeframes , but when we are looking at these major timeframes weekly and monthly , we should smell something fishy , I've noticed every idea regarding USD/CAD are long on...

ammaralfa

who could be the one controlling the wreckingball ??

ammaralfa

rocket failed, so we failed to reach THE MOOON ....mm sounds a litte Musk-sh ? . . . im shorting this with a stoploss just above the moon and take profit planet earth , who knows maybe the clouds can hold support?

ammaralfa

this is cat market , obey the cat.

ammaralfa

imo price is creating a wedge after a big impulsive move bulls are showing weakness.

ammaralfa

this is exactly what will happen after an hour !

ammaralfa

from the first view cad/jby really does seem over valued , but i think maybe not yet , cad had some bullishness last week due to economic news , which led us to this impulsive move , although we are waiting for a correction then a continuation to the upside to the targeted zones which in my opinion are not easy to break without a a massive selloff , keep this pair...

ammaralfa

dinosaur wanna eat grass , dinosaur lean down to 1680

ammaralfa

we have completed the last wave c , timing breaking and retesting an upper trend which should act as and area of resist , RSI showing clear diversion in price as shown , no clear targets to where price may fall to, i would appreciate your opinion on this idea.

ammaralfa

waiting for price to breakout and swing up retesting those 1.7601 Highs to complete this channel , our conformations are that 1.7601 area lines up with our main trend 61.8 fib level ,plus trendline resistance , and a major key area. cheers

ammaralfa

December is a slow month please trade with caution.

ammaralfa

a continuation to my recent analysis , price was rejected at that monthly 61.8 zone , now on the lower TF we can see the week closed with a small push to the upside for a correction , looking for price to retrace on this 61.8 level and then continue down to fill the wick as shown , although December is a slow month i recommend being really careful when placing...

ammaralfa

price reached the top of a trendline resistance in the formation of a descending triangle , and lining up with a 61.8 fib level , waiting for price to reject from that area cheers.