Gold Short Term BearishLong term I see Gold pushing past the 2k mark again. Over these past few months since the drop from 2k Market has been accumulating on a larger scale/range/higher timeframes and if you are looking from the market from the perspective of supply and demand/liquidity you can take note that gold has just been by passing the pockets of money areas without violating the lows. I can see gold snatching the liquidity from the higher resistance levels to generate enough energy to drop lower to then grab the liquidity underneath all those lows to then reverse and surpass 2k to move on to 2500 -3k
Marketmarkermethod
Anchor Setup with Trap Happening for Short on USOilConfirmed 5 Days of rise so we're looking for a sell for a minimum of 3 days for a continuation of the buy trend. Looking on the H1 Chart for a bounce around the Mayo or Blueberry
**Pending Order**
US Oil Sell Stop
Entry - 68.10
SL - 69.50
TP1 - 67.90
TP2 - 67.70
TP3 - 67.30
TP4 - 67.00
TP5 - 66.50
MMM CYCLE SHORT: EURUSDHey guys! I hope everyone has been having success in the market lately. Sorry for the hiatus. I am usually not in the market this time of year but I did want to drop a little something before taking off until January. Please be mindful of trading this time of year. Market volume is known to slow up and daily ranges become smaller and smaller. More and more patterns are known to fail. It may be a better idea to bring your trading to a close, preserve capital and prepare for the 2020 trading season.
With that being said, we are seeing peak behavior on EU & the dxy. EUs close on Friday did lock the peak high making shorts the better move looking ahead. Remember to be cautious trading back toward the peak. We had a peak reset low on the 6th that was created Brexit After the reset long, we see 3 levels of rise exceeding 3xadr. We have a nice inverted hammer on the daily and we currently have EMA trapping happening on the H1. Be aware the market makers could take price back toward the peak to create a multiday "M" before beginning the sell-off.
This is the last post until after the New Year. I hope each and every one of you had an amazing trade year and wishing you all the best in 2020.
Happy trading!
MMM CYCLE LONG: EURUSDHey guys! I hope everyone is having a great weekend! We have a beautiful cycle playing out as expected. The bullish harmonic on the H4 is still in play. Just like I said before, L2 is where we see the most resets. With that being said, it's very possible price may retest the low before heading up. Since we are in L2 it is okay to trade both ways but always be cautious when trading back towards a peak high or low. Be careful trading on Mondays. It may be best to wait until T or W as the market makers are known to trap at the beginning of the week.
Happy Trading & have a great rest of the weekend!
*Please use proper risk management when entering a trade. The information provided is not to be taken as a trade signal*
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