I was waiting for the release of red news to get a clearer understanding of the price direction, given the multitude of conflicting factors. All that's important to know about news is that they simply expedite the price from point A to point B. I plan to consider long positions for the continuation of the main movement, with the target being the nearest daily fractal.
Good morning, the pound is in a long context in sync with all timeframes. Priority is exclusively on working within the long context, with the daily target being the Asian high.
1H - On the hourly timeframe, we are currently in a long context, with the nearest target being the Friday High. After updating that level, I plan to revise the idea based on the price reaction to the Friday maximum.
4H - After the removal of the SSL (Sell Stop Level) on Wednesday, the price established a weekly low and experienced a reversal, breaking the structure and continuing the upward movement on Friday after entering the FVG (Fractal Volume Gap). After receiving a reaction at the nearest fractal minimum, the price continued the upward movement. I consider 1.276 as the...
1D - On the daily timeframe, we continue to be in a long context. Throughout the week, we sustained the movement from highly liquid zones. After Friday's close below the previous fractal, the price initiated a short movement towards the nearest fractal minimum (as mentioned in last week's review, the decision to leave equal lows around 1.26 seems justified). Due...
On the 1-hour timeframe, considering the analysis of higher timeframes, we are currently moving within a long context. The logical target for this context would be the highlighted fractal above.
On the 4-hour timeframe, we have continued a strictly bearish movement, covering all liquidity above. Below us, equal lows have formed, acting as the primary price magnet. I anticipate a continuation of the movement below after the potential removal of liquidity above.
On the weekly timeframe, after the shift to a long context in mid-December, we witnessed aggressive movement that also surpassed the fractal maximum. Subsequently, a corrective movement began, with the target of this correction being considered the fractal level at 1.072. It's crucial to note that if the price firmly establishes below 1.072, it will signify a...
On the daily timeframe (1D), a short order flow emerged earlier this week. Currently, we are still in a long context from the perspective of the higher timeframe. However, the primary target for the movement is considered to be 1.072. After reaching this level, we may continue the movement as indicated on the chart. If the price solidly establishes below 1.072,...
after yesturday move we had a local change of the context on short. Daily target is equal lows. All Asia move that we have currently i consider as correction move
Regarding gold, we continue to be in a short context; any long positions at the moment are invalidated. I would like to see how it behaves around FVG before considering short positions with targets set at the previous day's low (PDL).
On Pound We are also in a bullish context similar to the euro, but the compression formed below raises concerns. I am ready to consider positions for further movement only after addressing this issue.
Good morning! The morning overview of the euro-dollar shows a retracement from the Asian minimum at the opening of the London session. The local target is set at the Asian maximum, and the structural context has shifted to a bullish stance since yesterday.
#XAUUSD For gold suggests a short context, with the recent FVG in the Asian session being surpassed. Ready to engage in opportunities for further downside, targeting the Asian session's minimum.
#EURUSD Greetings! Anticipating a continued focus on short positions for the euro. On the higher time frame, we are entering the daily FVG, indicating potential further downside. As of now, no compelling reasons for a reversal have been identified. Positions will be considered from the Asian session's high.
Continuing to consider the pound in a short direction, the main targets in the form of daily equal lows have not been reached yet. I prefer not to trade outside of OTT, but will seize market opportunities if presented.
1h - from the perspective of the hourly timeframe, we changed the context to short. Before resuming the long movement, I want to see interaction with obvious liquidity below.
4h - from Monday to Thursday inclusive, we had a clear short context, after which a news-driven movement changed the context to long. Friday opened with a long continuation, covering the FVG below and forming equal highs, which is the logical first target of the current movement.