Xau/usd gold longPrice is pulling back to a 15 minute order block (also refined to 5 minute). I am then looking for price to retrace and fill in imbalance marked up as the outlined square. I also used fib (golden zone) for extra confluence.
I am not usually a gold trader this is my firdt ever gold markup so we'll see how it goes!
OB
USDJPY TRADE IDEA!!I really like this trade idea to the upside. With that reaction off of the daily OB I will take that as a confirmation that we may be in a intermediate term low. Of course depending on what the DXY does for the rest of the weeks to come. I like the idea of the market coming down into the OTE which would be the blue zone and then continue on up. If this happens today I will take the trade idea but I would prefer for this to happen during the London session or NY session on Tuesday and hopefully that will be the low of the week. My main focus for the trade idea would be for the market to tap into 106.800 that is my final target. Which would be the Daily bearish OB I have highlighted. lets see what happens.
EURAUD TRADE IDEA FOR TONIGHT Hello all that are reading this. As of right now I'm bullish on EURAUD long term. I would like to see the market hit off of the bearish OB that is right by the OTE yellow zone that I have highlighted. It is simply the range from high to recently low where I think we have a high chance of catching a nice sell off. Now if the market does not trade up and just drops to the bullish OB then that can also be taken as a trade idea. So there are two things that can happen here. Any trade idea should be taken with risk management. Also there is news at 9:30 est time for AUD this is once of the reasons why I am trading this pair today. Enjoy and let me know what everyone thinks or would want me to look over.
DXY ANALYSISThis is what I'm seeing for the dollar currently. It would be nice to see it hit off of the daily FVG or if not the 4hr OB. I hope the people that are reading this have already seen what I try to do with the DXY analysis and how I use it for EURUSD and GBPUSD. Later on during the week I will try to send out another idea. In the past I always forget to send out the trade but this week I will try to be more active. If there is something anyone would like me to go over and send the trade idea comment below. Lets have a great week of trading! :)
EURGBP TRADE IDEA Since EURGBP has been showing that it bearish and respecting resistance levels I am bearish for the time being. The market has respected the first bearish OB on a daily TF and has closed under it. Also creating another Bearish OB near the first one. I would originally like to see the market make the Tuesday high of the week and continue to drop. Maybe that won't happen because of what happened on Mondays New York session but I don't think that the market will push past the FVG that I highlighted so I'll be using that as entries for some GBP pairs. Mainly GBPJPY since it is one of my favorites and has a similar setup. The one hour bullish OB that I have highlighted is my target until price action says otherwise.
BULLISH FIBERSeeing some signs of potential bullishness on the EUR/USD. Price has entered an M1 OB with resting liquidity being taken above the 0.5 of the M1 OB. We can also see a nice range forming with a nice reaction off the 0.5 level of the range and the lower-range being reclaimed and respected after a slight deviation with resting liquidity being swept. There are some nice entries to look out for, I will set them up in LTF and link here.
Always DYOR
Much love
EURCAD 2 hour Block Review - February 24, 2020This trade has already been taken, not a setup
- EURCAD created an orderblock on the 2 hour timeframe.
- Block created after a break of a downtrend.
- Before the week ended I caught price breaking through and resting on this block, near the high of it
- Entry was on the block with TP at around 1.44500 which is where a previous 4 hour block was and where previous major support was found. I expect price to come to this area to create a new resistance or break through.