As you can see Gold dropped below our strong resistance level, showing us the bears are in control. A retest of this level will give us our sell entry.
US3O has reached one of our long term buy order blocks from the daily chart. Will look for confirmation at market open for long positions to target the high of 36568.6.
In my previous trade setup for GU we had a UT as our sell point, but as the week continued, market formed a small UT and now gave us a distribution 2 schematic with the UTAD as our sell point in the ob zone.
Looking at the overall direction of GU, it is now trading in a downtrend. Had a break of structure on daily timeframe. I refined my entry on 4 hour looking at a distribution possibly to be completed. Will wait for a push through liquidity to form our UT in our sell zone. Target will be 1.34114.
Looking at NASDAQ to retrace further down to activate buy orders at 13200. This is also a 88% level on the fib which gives us confluence. TARGETS: 15700, 16000, open.
NASDAQ is sitting on our weekly key level and showing buying strength. Target of the weekly highs will be our Tp for the buys.
Our buy managed to move very nicely off the spring. hope everyone managed to gain some pips
After our sell off on friday, we can look at the market to recover some of the selling that has taken place. I am seeing a possible accumulation on NASDAQ in our buy zone that could take us higher.
if you followed our sell plan from the beginning you would've bagged some lovely free pips.
Some massive movements from our sell plan. Hope everyone caught this one.
As per my previous trade plan, I was looking to short NASDAQ long term. We can now see that smart money is ready to distribute sell orders by forming this distribution schematic.
For the longest time, Nasdaq has been pushing up creating new highs. from an institutional perspective, its leaving behind orders that banks need to still come and fetch lower down. My final target for sells long term will be 13200. Trade carefully as Nasdaq disregards sell plans and can still continue up.
NASDAQ has broken structure to the downside showing that it is most likely to drop. Our zone is marked off. Retest of this zone will give us our entry.
From what I can see, Nasdaq has created a build up of liquidity which I marked with the trendline. What that normally means is that there are potential stop losses below those lows of those holding buys. Market could potentially break those lows to come and fetch buy orders at our OB zone.
Gold made quite a huge drop to the downside breaking previous lows. A retest of our OB zone will give us a sell entry.
After gold broke structure to the upside once it retested our buy OB zone, it has finally returned to our zone of retest before going long. we have bos on lower timeframes as well that adds confluence as well as 88.6% fib retracement.
Today Nasdaq broke though our sell OB zone. By it doing this, that sell OB now becomes a breaker Ob which means it becomes a buy Ob zone. Targets are at 15200 and 15300.
we had huge spikes in nasdaq yesterday due to NFP on friday. i personally stayed out the trade as it broke below my OB zone but nas still continued to push to its target.