XAUUSD - GOLDIf one of these price levels holdl, I'll be looking for a retracement to the upside to fill some imbalances and scoop some liquidity before heading back down to mitigate out of some open orders.
Liquiditypool
NZDUSD LONGWith the last equal low below soon to be taken out the market has left a lot of liquidity pools above combined with imbalances and mitigation zones. By identifying institution candles also this trade is a high probability set up for me as i believe the upside targets must be taken out before a continued downward move.
I plan on holding this trade for as long as it takes, the imbalance zones are very noticeable on the 4H time frame and leave large indications to exit areas and signs of reversals which can create potential re-entry points.
Lets see what happens
GBPNZDOpen orders and gaps to be filled.. This chart is looking very appealing on H4 and D1 charts for a bullish rally
Navigating the Bias Shift : GBPJPY 27/9I am intraday bearish bias for Sterling today (both technical and fundamental rationale). I have marked levels that, if reached, will wait for a bearish signal. Price could go further down without tapping in these levels, which I would not chase. Let the price comes to me.
The daily range yesterday was small compared to the 120 pips 20-day ADR so I am expecting a price expansion today between 130-150 pips.
There are no risk events for the U.K and Japan
reading the right side of the chart : GBPCHF 25 SeptYesterday's trading range was 70-72 pips whilst the 20-day ADR was 102 pips. In a day when there was a risk event (political) and there was a stop hunt spike during the London session, it is indeed a bizarre day.
After a "missed" day, I always anticipate a price expansion within 36 hours. I am still bullish on Sterling hence I am still waiting and looking for a low of the week anchor which I hope would form around these price levels 1.22700-1.22850.
There is an ongoing risk for this plan which is Brexit Brexit Brexit. There is no risk event for Switzerland today.
GBPUSDLiquidity captured and now we're looking for a run to the downside. We should see 1 more move to the upside for mitigation to happen before the big fall.
Wyckoff distribution schematics playing out well so far also.
As always..... PATIENCE - CONFIRMATION - ENTRY - PROFIT
XAUUSD - GoldWere getting close to our ultimate distribution zones and I'm looking specifically at 3 possible entries for this to fall long term. Wyckoff distribution phases playing out quite nicely also. so sometime this week we should see the drop off to the open orders from the 31st July 2019 starting the price level of 1431.25
It's nearly go time!
PATIENCE - CONFIRMATION - ENTRY - PROFIT
Navigating the RBA Rate Cuts - Pricing In AUDUSD 23 SeptSentiment/fundamental rationale tells me to look for short signals only this week. It is reported that the market is starting to price in RBA rate cuts on Oct 1st (81% as of now so plenty of moves to be had)
Technically it is very obvious, at least in an intraday context, AUDUSD have been trading lower and now in an intraday bearish trend.
Since I am bearish on the AUDUSD, I am looking to "short the rallies". I have identified several liquidity spots, which I marked with green sniper crosshair, as a place I would place my short (if there were bearish signal).
The targets potentially be the Boomerang level (purple line) or the 20-week AWR downside projection
Navigating the BEAST (GBPJPY) - 23 Sep 2019Last week's range was approx 190 pips whilst the 20-week AWR was 275 pips. It was a "miss" hence I am anticipating a price expansion (weekly) probably hitting several pips more than next week's 20-week AWR , which probably be around 300-320 pips give or take.
My bias for GBPJPY is bullish hence I am looking at "support" levels to go Long. If price enters in the liquidity pool at 1.3300-1.3900, that will activate my bullish mode and will LONG if there is a trigger for me to do so. My potential target is illustrated in the chart: the liquidity pool on the upside at 1.35650 - 1.35950
Side note, if you are a scalper, you probably have a chance to short GBPJPY when the price reaches between 1.34650-1.34900 and target at the liquidity pool below.
There is no risk event for the U.K and Japan have a bank holiday on Monday
Navigating the USDCAD 23 Sep 2019Last week's range was approx 100 pips whilst the 20-week AWR was 151 pips. It was a "miss" hence I am anticipating a price expansion (weekly) probably hitting 10% more than next week's 20-week AWR, which probably be around 160-170 pips give or take.
My bias for USDCAD is bullish hence I am looking at "support" levels to go Long. If price enters in the liquidity pool at 1.31950-1.3200 and 1.32170-1.32380, that will activate my bullish mode and will LONG if there is a trigger for me to do so. My potential targets are illustrated in the chart: the liquidity pool on the upside at 1.33050-1.33200, Boomerang Level** and the 20-week ADR upside projection
**you can read here to understand the Boomerang concept :
There is no risk event for the U.S and Canada
Navigating the Market : USDCHF (EURUSD cousin)Last week's range was 118 pips whilst the 20-week Average Weekly Range (20-day AWR ) was 124 pips. I would consider it as a range hit
This upcoming week's 20-week Average Weekly Range is 124pips. My bias for this pair is bullish (I am bullish on USD across the board) hence I will be looking to LONG at dips and/or at a completion of a stop hunts/liquidity run at a potential low of the week. My guesstimate of this upcoming week's low between 0.98800 and 0.99000.
If price enters this liquidity pool that will activate my bullish bias and I will wait for the bullish trigger. There is a reported Option Expiry at 0.97800, that would probably become my first take profit target. It coincides with a liquidity pool to the upside as well and 13-18 pips aways from the 20-week Average Weekly upside projection.
No risk event for U.S and Switzerland
EURUAD2 points of interest on this pair right now with 2 places of imbalance to be filled.
Will keep my eye on both possible entries moving forward this week for possible clearing of liquidity pools below.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
EURNZDLooking for the open order to be mitigated before we potentially see a big drop clearing liquidity levels below
BTCUSDWyckoff event phases playing out perfectly so far
We can now look for a breakout to the upside this week clearing liquidity levels
PATIENCE - CONFIRMATION - ENTRY - PROFIT
XAUUSD - GOLDWith US pairs starting to looking bearish , I'm wondering if this could mean a bullish rally for gold .
Looking for the imbalance of price between 1493 and 1491 to be filled beforehand however before any considerations of buys to be taken.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
Reading the Right Side of the Chart : EURAUD 19 September 2019Yesterday's trading range was 63 pips whilst the 20-day ADR was 114 pips. I am expecting a price expansion today and I am hoping the high of the week will be formed for this pair and goes on a downward move towards the weekly downside projection (the 20-week weekly range is 230 pips).
I am looking at the liquidity pool around 1.616 -1.620 and when price enters and/or breaks through it, then it will activate my bearish mode and will wait for a bearish technical signal to go short EURAUD. Moreover, price closing at these area coincides breaking the Tue-Wed high price (Phase ONe activation or "P1").
You can find the linked post to understand this concept
There is a risk event for Australia today, the Job Number in less than an hour of this writing
USDJPYWith previous double top broken awaiting a retest, also a gap in the market to be filled in from the 6th may, I am looking at this pair to go long to eventually fill that gap while collecting liquidity.
