Very choppy price action and has been unable to break the daily lows, probably going to be quiet until tomorrows CPI. I would only look for a sell if there is a lower low close below structure and the blue zone with a retest on the 30 min and a lower low close. Other wise I favor low positions Ideally with a 4h close above structure and the upper blue zone...
Still in the consolidation zone with no clear direction, I would prefer a 4h or 1h close either side , but there could be a case for a buy at the 8am gmt open if price rejects from the support level with a view of if reaching the top of structure
Im still bullish on this pair as it failed to make a lower low after the break of structure and is now coming back to a major area pf support so will be looking for the rejection from that area with a 4h close to look for longs back to structural high
This pair is still in a down trend and still looks bearish on how the previous 4h candles closed. in order to look for the sell I would be looking for a break below structure with a bearish 4h close below the yellow and blue line. Which would be the ideal scenario there is very strong daily support so a pull back and a rejection with a bullish engulfing 1h / 4h...
Personally I wont be looking at anything until after the holidays buy my analysis on this pair is bullish and will be waiting for a rejection on either of the areas for rejection and continuation after a 4h close
Gold 4H CHoCH formed inside daily bullish structure, price is sitting on the Daily 50%, this is a level now where price could go either way, ideally i want to look for buys so we can trade with the daily orderflow but if we break the 50%/demand with confirmation ill look to sell down towards the DL, (Will also be waiting for a potential liquidity grab from YL,...
Considering AUD oversold and looking at the current price action, I am expecting these two possible long scenarios. Either from the retracement down to check the broken trendline, or it will break and test the resistance. So, now I am waiting and do nothing if i don't see such price behavior. GL!
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We are looking For buy Near the current Area
1620's will be my entry for short for now I am long