Spotlight Pair: USDZAR - Short
- Daily IRL (Fair Value Gap) currently holding with a failure to invert yesterday and a large wick to the upside today indicate bearish pressure.
- 1H Market Maker Model with 2 clear corrections before the current pending market structure shift.
- M15 inverted fair value gaps which are already indicated an imminent sell off.
Be mindful of a mitigation of the 4H fair value gap and then price trading higher around tomorrow's (07/06/24) true open as a strong indication of price heading lower.
Sam
The Modern Day Trader
- Daily IRL (Fair Value Gap) currently holding with a failure to invert yesterday and a large wick to the upside today indicate bearish pressure.
- 1H Market Maker Model with 2 clear corrections before the current pending market structure shift.
- M15 inverted fair value gaps which are already indicated an imminent sell off.
Be mindful of a mitigation of the 4H fair value gap and then price trading higher around tomorrow's (07/06/24) true open as a strong indication of price heading lower.
Sam
The Modern Day Trader
Note
Bias on USDZAR has shifted as we got that Daily inversion of the Fair-Value Gap!- Price has not mitigated the 4H bullish Fair Value gap which I now see holding.
- Look for a 15M Market structure shift our of this area to position yourself long.
- Confluences: Run of time-based liquidity into key level and a sell off after daily true open.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.