Liquditypool
GOLD Breakout, What's next?
Dollar Falls as Fed's Chairman Powell Maintains Dovish Message.
U.S. Treasury yields fell after Federal Reserve Chair Jerome Powell on Wednesday maintained his view that strong inflation will be temporary, even after data showed for the second day that price pressures rose more than expected in June.
Gold jumped on Wednesday after U.S. Federal Reserve Chair Jerome Powell reassured investors that the central bank would continue its accommodative monetary policy despite a spike in inflation readings.
Likely market pullback before upside continuation? Leave your thoughts on the comment section below.
GBP/NZD institutionalDuring the past week price has formed many many liquidity zones which are our target.
We see lq at top and at the bottom, this is why we should pay a lot of attention to best follow
the price movement without taking the wrong direction.
I personally think that the price might snatch the top liquidity before falling down.
$BTC Expecting our leg down within 24hoursBased off our indicators we are expecting btc to make one more leg up before its nuke.
We anticipate within 24 hours to start a descending range. Areas of interest are 10.7-10.8
Strictly looking at liquidity, our indicator gives us a visual of significant areas which could turn out to be reversal points for bitcoin. We took 100x longs yesterday and expect to at least top the 50x short area some time within the next 24 hours.
If you want more updates on the PT Liquidity indicator, follow along!
Follow, Like & Share! Look at my signature for more updates on our indicators & analysis :)
another Head&Shoulders pattern is more than likely to occurHello Ladies and Gentlemen, this is rather a very bold prediction, but we need liquidity, we can't start from where we are now, can we? We, obviously can not, as I said - we need the price dive into the liquidity pools, we need all the retail SL's hit and done before we take off. So, considering the fact that the retail traders are confused, institutions might be also as well, it is likely that classic TA formations continue to occur on charts. Trading is an extension of the very core of human instincts and psychological patterns. That's why I think it is possible that we see another H&S pattern on charts within a few days, as the classic TA patterns, in a way, are the essence of trading itself.
Reading the Right Side of the Chart : BRENTPrice closed above the Monday high/Weekly high and there was a slight bearish reaction. I am biased on the bearish side because the P3 activation. I, however looking for the price to make another push and test yesterday's high and if it could reach the last month's high (green line) and take out the liquidity pool sitting above yesterday's high and the monthly high.
I am anticipating a quick stop hunt at yesterday's low and maybe even towards Monday's low, as long as it doesn't close beyond that. If price closes below Monday's low, then I will re-assess my bias and analysis.