Smcconcepts
Weekly Outlook - SMC Daily AnalysisWeekly Outlook + Daily Analysis for AUDUSD
Daily Chart
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After a reaction from a flip zone on the daily decisional demand we can see that more recent price action caused a daily change of character. At this point, we can start to anticipate the possibility that the higher time frame is going to turn around and continue the swing trend bearish.
4hr Chart
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After a daily bos or change of character we can now expect a retracement to a daily discount level (if not a sweep if the daily high to form a failed higher high on the daily)
We can see that the 4hr is clearly bullish, heading to a deeply discount range, if not to clear the daily high.
15m chart
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Here is the general expectational order flow that we can look for trade setups within. We understand "what should happen" while simultaneously trading "what is happening" , in other words lets continue to trade with the 4hr and 15m trends until we get a very clear indication of market reversal.
Liquidity on both sides for GoldI am currently short biased on gold. We've been pulling back in a corrective manner which is an indication of trend line liquidity being built up. There are also multiple Asia session liquidity points that have not been taken. There is also Liquidity rest above the 4H high which is an Asian high. I'm anticipating that gold will go lower take out the 4H low then change structure to take out the Highs, However if Price action does not give confirmation then I will flow upwards with the market.