Hey Traders, for now I'm looking at how the Gold price can potentially move in the short-term(1-2 days). We can see price pushed higher Tuesday 29th Aug. at 13:00(NY Open) from $1914 to $1949(30th Aug./15:00). For the rest of that week Gold went into consolidation mode(i.e. "big boys" taking our money:). A higher high($1953) made on Friday 1st Sept. was...
Traders, trying to find buying opportunities for Bitcoin. Two attempts to go higher have been met with selling pressure. Notice how after dropping sharply on the 17th of August there was a push to the high on the 29th before selling off again over three days. The million dollar question is this. Will BTC rally up again to soak up more liquidity before or after it...
Traders, price is boxed in between 1.0750 and 1.0685. Several trade opportunities here. Caution with BUYS as we are still in a downtrend. If price breaks and retests 1.0750 target supply at 1.0800. We may see a "fakeout" early London session soaking up liquidity lower before a bounce. A break of 1.0685 support may signify a continuation of downtrend. DIONNG
Traders, silver has been consolidating for the past 6 days and is at a support level. It's either going to break support and go lower or do a COS(add some liquidity sweep for good measure), and head to upper price range again(resistance). DIONNG
Traders, price is boxed in between 0.6405 and .6357. This can play out in several ways. Trade accordingly. Price action is king. DIONNG
Traders, price boxed in ready to trade either way. Expecting a sweep of liquidity lower and if support holds price will test supply areas above. A break of support/retest, price will continue to head lower. DIONNG
Hey Traders, the boxed area is at a high of 1.9750 and low of 1.9650. I'm looking to BUY this pair at a discount targeting the liquidity below 1.9675. I will wait for confirmation before committing to this trade just in case price decides to break out lower and test the Fibs. Sells could be in play if that happens but caution here. Test of the highs is imminent in...
Hey traders, GU has been selling off here since the high of 1.3140 in July. Support 1.2525, Resistance 1.2800. A break of support will open up the 1.2400 Demand area. A break and retest of support for a SELL. A CONFIRMATION that 1.2525 will hold coming into 06:00/08:00 may signify a push higher. Caution with BUYS at SUPPLY/RESISTANCE/LIQUIDITY areas. DIONNG
Hey Traders, price is boxed into a 45 pip range between 184.71(low) and 185.15(high). Monitoring Asian session for price action to determine how to trade this coming into 06:00-08:00 London. My bias is BULLISH today, however be ready to trade either way. DIONNG
Hey Traders, EJ has come down from highs of 159.65(currently 157.60). I'm monitoring price action between a boxed area high of 1.5800 and low of 157.30 with a plan to trade this at the extremes. Below 157.30 there is liquidity with support/demand being at 157.05/156.88.
Traders, after making a recent high we had rejection and price went south. After a BOS on the 4 hour chart I'm looking for price to head to the lower DEMAND levels of 144.75-144.35 with the view on BUYS. If that level breaks we will be observing the 143.75 level. DIONNG
Traders, price continued to go higher (from yesterday's push) during Asian session and we are approaching 06:00 London time. Price touched the supply/liquidity area(1.9665) and I'm monitoring the price action. A significant break above the 1.9686 price would create a higher high(from 25/8/23). This would open up BUYS to the supply level above at 1.9800. We may get...
Traders, after the extraordinary day(13/7/23) that pushed the price up 99%, it's been downhill since. An example of a highly manipulated market. Buyers that rushed and bought at the higher prices(close to supply/resistance level) for FOMO, were "trapped". This market looks like big players are jacking up the price(manipulating) to sell the market. Buying...
Traders, for this pair a sweep of liquidity below 1.2550 may see price go lower to the first demand level at 1.2485. At this level and at the right time(high volume present) the price action will determine whether we are buying or selling. The second demand level is at 1.2305. If price bounces of the first demand level there is liquidity above 1.2725 with...
Traders, i'm looking for the break out/retest scenario for BUYS. Price is boxed in on a 35 pip range. If it goes the other way and breaks/retests lows it's going to lower demand area. 07:00 candle key. DIONNG
Traders, i'm looking for a bounce of the 50%-61% Fib. level for a BUY. DIONNG
Traders, i don't believe this pair came so high just to sell off at the recent SUPPLY area. There is BULLISH price action from yesterday and i'm monitoring price for a possible pullback to the 50% Fib. level(1.2695) or the 61% Fib. level(1.2680) to take a BUY position. The 78% Fib. level is at 1.2665(the last defense for the bulls!). There is a short-term SELL if...
Traders, we have priced boxed in to a 50 pip range. Three scenarios to consider. If price breaks out either way i normal wait for a retest of the zone. With GJ sometimes you just don't get one, the price flies! Caution. Do not risk more than you are comfortable with and give trade room to move either way with stops. DIONNG