As evident, the current price resides within the "OB" region, exhibiting a discernible reaction. Furthermore, it is observable in the "POI" segment . At this juncture, it is prudent to commence local examination within "LTF" intervals of either one hour or 15-30 minutes, seeking confirmation of the breach in the "BOS" structure, subsequently formulating...
It is prudent to exercise caution and abstain from initiating any trades until the asset transitions into the "POI" zone, which aligns with our downward targets. Liquidity has been withdrawn from the range approximately between 6.17 and 6.20. We are nearing a significant "FVG" point, poised for trading opportunities. Upon entering the favorable zone where...
At this time it would be premature to draw definitive conclusions about the situation. We need to be patient and wait for the critical crossover point. I am leaning towards reducing asset values and taking liquidity down from lower levels while addressing the "FVG" issue. I intend to explore lower time frames (LTF) of 15 minutes to 1 hour to determine a suitable...
Gold has reached its pinnacle, extending trades towards long positions would be ill-advised. Currently, the price is situated within the "POI," prompting the search for a suitable setup to initiate short positions. The price movement exhibits a stepwise progression, characterized by a push from the minimal support level, reminiscent of a primitive maker's...
Based on the chart - we see that we are testing the global OB, where the new reversal formation came from Primary targets are highlighted with arrows on the chart. I do not consider any purchases - it is not expedient. There is also a lot of liquidity accumulated under the local OBs, we will not leave them!
Hello everyone! We are approaching a global high. I expect liquidity drain and further fall to the big fvg formed at 1 month In this month we will see the formation of a reversal formation and the beginning of the depreciation of the asset! Also globally volumes are showing at fvg 1m - good indicator!