JPY BASKET For basket selling opportunity is high probability due to yearly analysis , sellers are more strong as we have seen 12M candle of 2022 we manage to create all time LOWS and that is where we are heading because sellers are maintaining their selling pressure / opening price are defended
For the DXY last week price reject clearly and we see that on 3D price create a very nice BEARISH ENGULFING , this signal us that we might go down and in A big picture i forecast price to go higher but we are at the beginning of the YEAR 2023 JAN , so we need to lower so that we can go higher and any selling i take it with a fixed target And this is due to my...
XAUUSD for gold setup what i forecast is that bears already shown sign of strength , thus for the coming week price may take advantage of the slow week to have a correction before we continue with the down move.... We have not yet come to collect liquidity below @1600 level which is my potential level price might tap before going up now this was a long view...
DXY i see more bullish correction on this index 1M bearish , 1D failed to break LL which indicate more liquidity is needed
Kindly what am looking now for DXY is to continue bullish till we tap that first weekly LQ level and another confirmation no break in structure to both HTF 1D and 1W
some people view this level as theirhiden invalidation level which we aregoing to count it as our target point and for those sell limit order we will, take it as our taking profit zone..
WE MANAGE TO REJECT DAILY LEVEL .. Thus for this we get a very nice candlestick reversal thus we wait for retracement of 50% fibonacci level.. to start pushing price down
For this trade i spot break of structure and return to the order block ... for the outlook setup setup lets wait for confirmation
lets see after break of structure we expect to get pull back again from demand level or at the level of liquidity where we have opposite bias from our main trend
GBPUSD trade setup looking forward to take short trade after rejecting daily level .. this is formed as a retracement of weekly break .. also we have a break of structure in 4HR thus i will be waiting my trade on invalidation level trade will be called after the setup has been matured
When we use correlation i spot that GU and EU are moving on the same direction same as yesterday setup i shared with community AUDUSD with AUDJPY both have the same setup and we are now in blue on AUDJPY lookingt forward for nEURUSD to be matured at NEWYORK session if price will gain volume during NEWYORK our pending order will be triggered
I look at jpy currency what to spot is JPY to drop and lose power against GBP ...we will look forward at the barrier to see if we get ant clear rejection then trade will be called
Trade analysis we break monthly level and price came to make a liquidity collection this clarify us that we may get setup to collect bear bias at liquidity level which is aligned with daily level with fib level for retracement
LOOKING FORWARD TO TAKE LONG TRADE ON GU.. This was found after break of weekly structure signal for bull bias to kick in and also monthly time frame still no clear move that we are going down thus lets wait for Monday candle to close and Tuesday we will start looking for opportunity