1. This setup is called SNRC2 by some people and RS123 by others. 2. We can sell here. 3. When you find a significant support followed by a sognificant drop base rally, don't let it slip away. 4. What more when this setup has a strong engulfing confirmation on HTF.
1. The Gold is now approaching a dominant Key Level at the significant Supply Zone at 1844. 2. I am looking forward for a short position here since there is a nice QMTR setup at the zone. 3. There is also a clear SR Flip and a compression that act as the confirmation for this setup. 4. Should all SOP are respected, the Gold could go down to 1679.
1. I have analyzed XTIUSD previously here: 2. The price respected the Demand Zone, took the order at the expected 79.41 and went up. 3. Since the price is reacting from the Weekly Dominant Zone, the rally move is capable of achieving the 87.00 mark in the long run. 4. Let's see the next move for XTIUSD. I will be updating the next setup whenever available.
1. There is this beautiful Supply Zone at the Drop Base Drop area above and I am looking forward to taking a short position at 1.23168. 2. I reckon that GU would be making its move up toward the Supply Zone. 3. If you are looking for a trade, a long position would be relevant at this point. 4. However, a clear confirmation has to be considered before any trade...
1. This is a watch zone as we are looking forward to having our Long position in this Zone. 2. The confirmation for this setup is clearly visible on H4 with the formation of the momentous Rally Base Rally that forms Double Marubozu. 3. The setup is clearly visible and congruent until M5. 4. I am going to take a long position for this one definitely. 5. Order...
AUDUSD on D1 has shown a significant drop with clues of it going down further and a chance of shorting at the fresh DBD area marked in the rectangle. Our Sell Limit order can be put at 0.77714 and we will see how the price reacts from there. Overall, the current engulf has given that confirmation for our short opportunity. Wait for the price to go to the DBD area...
I am looking forward for a buy position for EURJPY as it is now heading down towards an important RBR Zone. The zone is still fresh and chances for the Buy Limit to trigger at 128.632 is possible. Let's see how this trade will be played out.
GOLD is ready to make a lower move below 1700.00 and for that reason, I have seen an opportunity to Short this yellow metal at the zone I have marked at around 1712.16. A potential of 200 pips down is possible before it reaches the next FTR. Let's see how this thing will be played out.
GBPUSD has shown significance drop that confirms the change of trend and therefore in the upcoming week starting from Monday, we should look forward to short this pair. As mentioned earlier, the formation of current Low has further confirmed the bearish bias. A corrective move is expected not further than 1.39369 as it should get lower once it touches 1.39412 to...