Panning for Gold on market structureOANDA:XAUUSD
Didn't take a trade today, as I scalped my usual 10 spot early on Asia session open.
But looks like the markets treated everyone good today with the hopes of USA debt ceiling fight might be resolved soon.
Gold looking good on this 4H market structure template
Imbalance
EUR/USD Forecast - May 18th '23My analysis on EUR/USD for the upcoming trading day. Price is currently stuck between two important zones and has now switched the structure to a bullish pattern. We reacted off a very important H4 imbalance giving price the strength to potentially fill the H4/Daily Imbalance above. Potential liquidity hunt on London open if we keep on building liquidity during Asian. Expecting liquidity grab to continue bullish at least until the Imbalance above. Good luck traders.
Possible Trade Plan for GBPUSDFX:GBPUSD
Here is my view for an upcoming trade. Over all looking to be on the buy side , clean level of demand resting in an extreme discount at 1.24200 where we could target the imbalance resting above at 1.25700
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EUR/USD London Open - May 10th '23Aggressive short setup on EUR/USD, we took out liquidity and reacted on the zone as explained on the previous trade idea. We have confirmation after double hunt of liquidity. Trade is aggressive because m15 structure is still long and we just took out an important H4 low
EUR/USD review for next weeksHello traders,
I would like to share my analysis of the EUR/USD price action for the upcoming weeks. If the daily candle closes above and does not generate a sweep today, I anticipate two possible scenarios:
1) The price may test the H4 imbalance level and then generate H4 HH sweep. Following this, the price could head towards the discount zone on the daily timeframe to test the daily imbalance and potentially create a new daily higher high.
2) Alternatively, the price may go directly to test the daily imbalance without testing the H4 imbalance first. If the daily point of interest is successfully tested, we may see a new higher high being established.
It is not financial advice!
GBPJPY outlook on the last day of the week. (SHORT)GBJPY outlook on 15 minute chart, price tapped onto the higher timeframe supply zone (gray zone) and 15 minute chart just created a lower low (change of character / market structure shift). If the price manages to pull back above and collect the liquidity created by the trendline, we could see a potential down movement.
Possible GBPJPY Short Levels -4HGBPJPY is showing possible bearish sentiment with recent price action. Price has reached HTF supply zones and is reacting bearish. Price is also making lower highs and lower lows on the LTF. There is a possibility that price may go fill the imbalances before making the real bearish move. This is just an analysis, Trade at your own risk. Watch for the bank manipulation before heading in it’s true direction.
Retracement short waveThe market currently created a double top on a strong daily imbalance or rather a fair value gap, market just filed the imbalance for efficiency and created a double top in daily followed by a triple top on 4h after breaking the lower high, I believe the market is heading back there to retrace and create a resist to support flip/break and retest and for after that it will continue its movement up as we are in an upward trend and the daily yesterday close has created a very strong bearish order block.
NASDAQ INVESTORS IDEA FOR LONGINGThe market is currently on an upward trend and failed to break the LL of the movement when it was retracing instead it went to break the HL of the previous minor downward trend which I consider to be the retracement wave as for now I'm expecting a retracement as a confirmation of an upcoming impulsive move that will shoot up high. In 2023 NasdaQ will break hights and create a new higher high price