Innova_Chartist

Innova_Chartist

Gold FOMC provided some interesting market insight and kept the rates the same. Gold has now taken the H4 low and will be looking to continue this move down to the next H4 demand zone, at this point we need to observe the price action before considering confirmation to go long.

Innova_Chartist

Gold H4 structure is not too clear yet however based on daily and weekly, I am looking for lower prices before a move up. My idea is to short gold should the price action within the supply zone show signs of an entry (1m) (only valid for the next 2 hours due to FOMC) This is a valid flip zone on the M15, in a discounted price within the 15m structure. Price is...

Innova_Chartist

Gold is currently still trading within the previous weekly range where buyside and sellside liquidity is resting. HTF shows gold is in a weekly pullback. If the lows are taken and price closes below, this will confirm the daily is bearish with the objective to fill the price opening void. FOMC statement this evening should provide some volume into the marker...

Innova_Chartist

Fibre CPI released yesterday and price still has not traded into the buyside liquidity. Expect this to be taken today, ideally pre NY the price will retrace to one of the zones I have marked and then displace higher for the liquidity. FOMC We have US interest rate release tonight, therefore we will see some manipulation.

Innova_Chartist

Fibre 15m chart is very interesting, if we consider it is mechanically making a demand chain, the next draw on liquidity is the daily buyside. Post CPI, we should look to see if there is an obvious demand to trade from. I will be looking to see if price can trade to the M15 flip marked out which is lower than the daily opening price offering really good...

Innova_Chartist

H4 We have now technically had a break of structure to the upside, price has closed above a structure high on the H4 chart, still as some supply to take out prior to a daily Break of structure. Post CPI Once CPI figures are released we will be able to see the true draw on liquidity, buyside looks appealing with relatively equal highs. Price has recently traded...

Innova_Chartist

Unfortunately this trade took the high prior to retracing to the demand zone. Was taken out by a fraction of a pip, showing the low was not protected. SL was slightly lower than the extreme of the strong demand zone, however often during the lead up to CPI & FOMC rate release there is alot of chop. This is trading and sometimes you take losses Am now looking...

Innova_Chartist

Goldie H4 chart still trading inside the range accumulating orders. Plan, ideally we will see gold displace and take out either H4 sellside or buyside, after this I will look for structure enabling me to prepare a trade plan. I will trade gold once the structure is clear

Innova_Chartist

I am waiting to see if we can create some structure on this area to expand higher to create a higher timeframe shift. This week we have high impact news , FOMC, CPI, ECB rates, expect lots of volatility. During the NY open if the structure is created I will look for either an entry following orderflow, or a countertrend trade to a higher timeframe demand...

Innova_Chartist

Continuing the H4 bullish order flow theme, I would like to see price fail to take the previous week high until the price has retraced back to the demand zone. Ideally during NY session targeting the H4 fractal high

Innova_Chartist

FIBRE We have seen that the most recent price action has shown the first sign that the daily pullback is over. Daily change of character after sweeping liquidity Note there is still fresh demand lower, high impact news could be a catalyst to trade into this area. H4 Internal break of structure (IBOS) most recent price has been creating higher highs respecting...

Innova_Chartist

EURUSD Recent bullish structure shift on the daily after filling a longer term gap. Ideal scenario would be demand chain to form here. Lower time frame like 12hours showing signs of demand chain. Liquidity swept, still not taken the supply out so until this happens we should wait to see how FOMC & CPI prints price.

Innova_Chartist

Monthly bearish Weekly bullish pullback - weak low formed EURO SWISSY This pair has been on a downward spiral for over 15 years, Looking at the supply chain on the monthly chart, we have lots of buy side liquidity being built. Strong liquidity sweeps which are being heavily rejected but not holding with volume. Notice the monthly candles are not closing below...

Innova_Chartist

Gold Monthly we are still bullish, recently making an all time high on yellow metal. Weekly within the larger weekly range, we technically are in a bearish pullback (mechanically) using supply and demand zones failing to show this. Inside bars being used as weekly pullbacks as price fails to take previous candles high or low. Weekly inside range, gold stayed...