XAUUSD BUY
Entry 2041.46
TP 2066.87
SL 2034.76
Reason. Gold has been fundemntally bullish as fed has no intentions to futher raise interest rates. DXY just raided BSL and is showing signs of heading lower. Gold on the Weekly Timeframe has recently rejected off the 50% level. Daily consistently showing new highs and lows and tapped into the daily Order block....
Price is currently resting on a strong level of resistance in the 4H TF, I would expect price to create buy side liquidity raiding the resistance level thus touching the FVG and finally showing confirmation to short targeting the candle as highlighted which has no bottom wick signalling liquidity yet to be filled.
I expect USDJPY to be bullish based on the momentum showed in the TVC:DXY ,
Looking at how market structure shifted from bearish to bullish after very nicely rejecting the weekly FVG, I expect price to continue higher before touching the bearish orderblock as indicated as my TP.
In my 4H TF, I noticed that price created an FVG and OB which coincides with each...
Weekly Outlook:
Price goes into the 4H OB and touches the FVG to sweep upside liquidity before continuing lower
Alternatively I could look for Intraday/Short-term Swing trades catching the retracement.
Looking at potential short on GBPUSD
Entry on the 4H OrderBlock
TP: 1.26251
SL: 1.27646
Only enter based on confirmations within the 4H OB do note that there is untapped liquidity on 1.28484 so be wary!!
Personally only risking 1% on this trade taking into account of bank holiday on 4th July and NFP week
Im looking to sell AJ at about 96.607
TP 95.491
SL 96.913
Reason for Shorts Daily 4H Structural Low Broken
Enter on the Hourly Orderblock + confirmation on the LTF
Only enter once there is confirmation!
Im looking to sell GA at about 1.90736
TP 1.89015
SL 1.91054
Reason for Shorts Daily H&S pattern to bias for shorts
Waiting for price to touch 1h OB
Target to tap the Unfilled FVG made on 23 June 10am 1H
Im quite new to this so do let me know your thoughts. I do note that GA is currently very bullish so it is quite a risky trade!
