So we had a market structure shift on TVC:SILVER : Order block + Strong Move + Imbalance. I am looking a continuation to the downside, my eyes are on the Sellside Liquidity zone. I will make an entry based on how price reacts to the Balanced Price Range zone (The zone with overlapping Fair Value Gaps). Patience is our best friend now. Happy Trading Week.
I already posted a bearish outlook for EURUSD and I think the case is similar to $CAPITALCOM:GBPUSD. I'm expecting price to be attracted to last week lows.
Monday started off with the dollar CAPITALCOM:DXY continuing with it's recovery from Friday. My projection is that the dollar will continue rallying higher so i expect price to rebalance that 4HR imbalance and continue moving lower towards last week lows. #ICT Concepts
GBPAUD made a strong bearish move yesterday and formed a 4HR imbalance, we are now watching how price reacts to that 4HR imbalance created. If it respects it, we'll dial down to a lower timeframe and look for Sells, if it breaks it, we can look for Buy Setups. Remember, Patience is your edge. PEPPERSTONE:GBPAUD
So as shown in my previous FX:GBPUSD idea, the sentiment is bullish for both PEPPERSTONE:GBPUSD and $PEPPERSTONE:EURUSD. The market showed an attempted correction on Thursday and Friday, EURUSD showed reluctance to break below Thursday low indicating a possible resumption of the Bull run. Watch how price reacts to that 4HR Imbalance and you'll have your trade...
So CAPITALCOM:GBPUSD has been on an uptrend for the past two weeks, thursday and Friday saw a slight correction but the new week seems to present a bullish run. An SMT comparison with CAPITALCOM:EURUSD shows a reluctance to break the Friday low. Keep your eyes on how price will react to the marked out sellside zone.
So I have been cautiously taking daily shorts on CAPITALCOM:OIL_BRENT due to the recent dip in the market and the mild uncertainty. USOIL has been on a steady beautiful downtrend, took about two shorts yesterday and my projection is we'll continue in a downtrend until we see a shift in the market structure, or probably till Friday when the Fed announces the...
Monday started off with a slip for Gold, looks like we might be picking up the Bullish Momentum back to the 2770 zone. Entered a brief long, waiting it out. CAPITALCOM:GOLD
The Overall Market sentiment on US100 and S&P 500 looks Bullish. A look at the S&P 500 chart shows it broke the recent ATH signaling a very strong Bullish momentum. Just waiting for confirmation on the 1HR timeframe on Nasdaq to make an entry.