Can we fly from here? H4 demand zone seems to be valid. Daily has a strong engulfing momentum but will it hold? I believe this has some potential to go higher. Lets see what market gives us. Have a great day all.
Opportunitys to short were presented today, did take a short and soon after loss. It was early entry as soon after that we had a sell off for 100 pips. Now I will wait for Daily candle to close to determine my next move. Other key levels I am looking at for reversal setup are also marked there.
We’re currently seeing bullish rejections from a daily demand zone, but we're also approaching a daily supply area where sellers were highly active in the past. Essentially, we’re caught between two forces, and the deciding factor may not be on the charts, but rather influenced by fundamentals behind the scenes. This week, news events will likely be a strong...
Today we have a strange Price Action. We see rejection of Daily QM on both longs and shorts. What to expect now is very unclear. LTF will provide us with more insight but at what cost? Stay high or fly low? I prefer to wait, as that is the best indication of successful trading.
Waiting for Daily QM Close. If candle closes above my level I will be interested in bullish direction. We see a small recover on DXY and US 10Y Bonds but how long can it last? Is this just a fakeout before another drop?
Not much going on on Gold today for me. Slow day means more peace of mind which is good. Two options i see now are H4 demand marked with yellow zone and D1 demand at lower price marked with purple zone. As I am not sure who is now in control, demand or supply, it is therefore best to stay away and wait for news to do its own thing. We need more H4 and D1 candles...
USDCAD idea is to sell in Supply area to Demand H4 and M30 area marked with blue zone and red zone. CAD is generally weak compared to USD. Will news change this, I think not but with FOMC you never know. Best option is to wait for Candle close and from there we will know more information, untill then nothing is clear!
Coming from Daily Demand that did not provide strong momentum to upside, I am now more interested in sell XAUUSD. We have a good indication of QM and Order flow coming from Daily Supply to H4 Supply. Depending on this candle close in 1 hour and 20 minutes, I will base my decision to take this trade or not. Still to early for fundamental analysis for me, so this...
Hello and good morning everyone! What I am seeing here is a long opportunity on US100 aka USTEC. The short was missed by few points unfortunately yesterday. What I have noticed is that USTEC likes to be traded around engulfing supply and demand areas but it is mostly suitable for scalping, intraday traders. As a swing trader I will try my best to adapt. I am...
What I am seeing on USDCAD is a great development of Short to Long. We have few minutes before the news hit us, banks are proposing long idea on USD. I would suggest that first we need to wait for bad news to hit USD then take the opportunity from demand zone within kez leves. Based on this strong news, there is an option to take trade without waiting for candle...
XAUUSD Short is idea for now until i see further development on LTF such as D1 and H4. What I am seeing here is a reversal from W1 TL after Monday and Tuesday ATH's. How much more can XAUUSD keep pushing it's bullish momentum. Where does this power come from? DXY is not this weak...it has corrective nature which makes it very odd for XAUUSD to be acting like this....
I will have my eyes on possible short USDCAD. DXY is still unclear for me, i was hoping it will go a little bit higher this week but unfortunately we did not see that. That is why i am very careful about taking this short position. I was hoping Asia session will have more development but seems like it was good old range. Let's see further development on last 2...
Good morning fam, i am expecting price to reach my kill-zone and from there i will be looking to go long. Only problem for now is which one of these 2 options is good to take a trade from. Best way to decide is to wait for candle close. If price runs thru both of these zones and we did not wait for close, we will take a big loss. Therefore patience is always been...
Gold is having trouble breaking supply area where it is now. I have taken Demand buy yesterday and it played out 1:1.6RR. Because of bigger SL and late entry I decided to close it at 1.6RR. What can we expect from this week news is still unclear. Will we see hints of fed rate cuts or not nobody still knows. One this is for curtain is that USA has been in recession...
Looking at XAUUSD Short from area marked on charts. We would still need to wait for W1 to close to confirm our direction. Fundamental analysis is unclear as reports from Bank of America are mixed. Barclays also has mix views, nobody is sure when rate cuts are coming. Most of analysist presume it will be later in year around May or end of year even. CPI data from...
Expecting price to reach QM area and TL 3 for CPI big push. DOLLAR RATE CUTS are still not being talked about, end of month in Feb will maybe give us some insights. Expecting FED to have good news