I'm looking to Sell Gold @ 2070 targeting Previous Week Lows
Nasdaq is overall bearish looking at the Daily Chart i see the Market Maker Sell Model and moving down to Lower Time Frame... we've taken out the previous week low and I'm anticipating a Retracement to at least price point 11288 then continue with the trend to the downside....
It matter of Time & Price.... There's High Impact News Release @ 16:00 GMT+2 which I believe it will Drive GBP/USD to 1.2150 for there's Pool of Liquidity resting above those Equal High's My Point of Interest is that 15m Fair Value Gap below the Short Term Low which is used to induce the early Buyer's , to Liquidate them later on then Run for Liquidity Pool....
Looking at the Weekly Profile as we all know that on Monday & Tuesday the has been Accumulating then Expansion on Wednesday , on Thursday we Purged Buyside Liquidity of May High's and Reversed... So Today we run for Imbalance caused on Wednesday and I'm Eye Balling at Price Point @ 3300.0 then Continue with the trend to the upside....
I was hoping USDX will thrive for a final Push to Purge the Buyside Liquidity above the 2002 highs @ 109.729 and probably fill in the Imbalance on that Monthly Liquidity Void then Decline... However looking at the DXY Seasonal Tendency , suggests a Consolidation and Decline on SEPTEMBER and with the Commercial Hedgers increasing their Net Position on Shorts well...
EUR/USD Have printed out a clean setup however if it is so obvious They must be creating Liquidity to be Purged later on... That is the reason I'm not willing to be a Buyer now rather wait for Liquidity Purged Probably around New York Session then I'll be Looking to Buy It after the Run on Stops....
GBP/USD have Raided the Sellside Liquidity and Broke the Structure to the upside , I'm now anticipating a return to the Bullish Order Block then probably fill the Imbalance... Ideally I wuold like to see that Trendline Liquidity Inducement being Liquidated
There is a SMT in Correlated Pairs and DXY is been Accumulated with that said I'm expecting Lower Prices in the Dollar which will permit the foreign currencies to Rally... On the Daily Timeframe in EUR/USD we have a Break in Market Structure then Pulled back to the Daily Bullish Order Block , I then confirmed on H1 Timeframe with a the Price taking out the Short...
GBP/USD is at my First POI which is that H4 Bullish Order Block at the Sweet Spot Fibs Key Level and looking a Confirmation to Go Short... However I'm also eyeballing at that Daily Daily Bullish Order Block just above the Liquidity Pool in a form of Equal Highs , I'm anticipating Price to Rebalance the Imbalance of that Liquidity Void atleast half of it then...
I'm anticipating a TREND REVERSAL , for Nasdaq was Rejected at a Weekly Bullish Orderblock last week... And I see a possible Inverted Head & Shoulder Pattern on H1 , So I would Ideally like to see Price Trade into that H4 Fair Value Gap which is resting at the Discount Zone at Price Point 12000 which will complete the Right Shoulder on the H1 Time Frame and that...
GBP/JPY Have printed out the Head & Shoulder Pattern and it is now at deep Discount due to JPY Futures gaining some strenght... with that said I'm now anticipating a retracement back to Premium on GBPJPY than continue to the Downside , I will Ideally like to see that Yearly Support @ 149.000 manipulated....
Just as Anticipated ,Price did Manipulate 13000 Level and got Rejected @ 12800. Well It didn't tap into that Daily Descending Channel Resistance Line @ 12600 , However I believe we will have the Final Push to the downside. I consider this Move Up as a Retracement back to the Premium Zone around the Sunday Opening Price which has a clean FVG that they might wanna...
Beautiful Price Delivery on Nasdaq....Looking at last weeks , Weekly Profile which was delivered perfectly with an "AMD" Printed out perfectly all the Zones being respected that was an awesome Delivery... Well this week have Printed the Weekly High and Trading below the Sunday Opening Price and Probably reaching for that Support at 13000 but as I said I would...
Looking at The Weekly Profile of the Previous week... We had an Awesome "AMD" Which took us to that Daily +OB however the Price isn't showing any signs of Reversal and I'm now hoping for a Reaction into that +0B with the FVG then a run Higher to give us a Weekly High than Decline. for I wanna see the Manipulation of that Support @ 13000.0 and Probably Tap into...
Well I'm overall Bullish on GBPJPY for there is an unfinished Business on the Buyside and GBP Futures on the Monthly Chart is at deep Discount screaming for higher Prices and looking at the Monthly Chart on GBP/JPY , I believe Price still have to mitigate that Breaker Block with an Institutional Footprint @ 176.000 or even tap into that Bearish Order Block @...
Well I'm overall Bullish on this GBPJPY for there is still unfinished Business on the Buyside & The GBP Futures on a Monthly Chart are at deep Discount screaming for Higher Prices and Looking at the Monthly Chart on GBPJPY , I believe Price still has to Mitigate that Breaker Block with an Institutional Footprint @ 176.000 or even tap into that Bearish Order...
We had an Institutional Order Flow Entry Drill at the H4 Fair Value Gap with the Price printing out a Three Way Drive which Signals a Reversal... I will now look for my entry pattern on a 15m Chart going long...
Beautiful Delivery... Now we've tapped into that 15m+FVG and ready to fly.... For we have SMT Divergence when comparing Nasdaq , US30 & S&P500 which confirms my longs on NASDAQ