Weekly TF, Bulls rejected to bring the price down. And it also failed to sweep the PDL. On weekly chart there is also a FVG. I think price will mitigate the FVG, But be aware of Strong SnR (red flag). On 15m to 1H TF, You will see a market shift structure. My entry is the pullback in FVG. I also use the fib, the FVG is in the zone of Fib discount.
Gold 1H TF, Short Position. The market will pullback to mitigate FVG, and it will continue moving down to sweep the Equal Lows or PDL (Previous Day Low). Price also failed to break the resistance around 2527, or sweeping the PDH (Previous Day High). Market structure went through the major line around 2515. Also the FVG is around the discount area of Fib.
EUR/CAD Short Position. Price crossed the Trend Line and created a ChoCh (Change of character). And also failed to sweep the PDH (Previous Daily High). Wait for pullback to entry.
Market failed to continue go up after it closed to PDL or where the ChoCh is. Plus the fundamental (Canada is planning to cut interest rates) Wait for another pullback to enter the market.
Market creating HHs and HLs. Also failed to close at PDL. Respected the trend line. I anticipate the market to continue go up. Wait for pullback and to enter. I also use the Fib on daily TF, placed it from swing high to swing low. After the price touched the 61.8, it pulled back to 50%. (A buy opportunity.) You can see on Daily TF, the imbalances happened. The...
Gold failed to closed from the PDH. I think price will pullback to Equal lows to pump up. Look for buy opportunity only. I also use the fib to place my buy limit order. (From recent swing high to recent swing low and it aligned to EQL).
Market is creating HH and HL. The Market continues target the PDH array, and getting closer to FVG on Daily TF. Look for buy opportunity only. Wait for pullback to enter, between 0.83922-0.83774.
Price will pullback to mitigate the Imbalance before it continues to drop. I think, the upcoming news (Durable Goods Orders) release on Monday will be the catalyst. As you can see, all the liquidity on top as been swept. Now, the market is targeting the PDL array and the unmitigated FVG at support.
As you can see on fib, price only pulls back to breath. And if you look on Daily TF the FVG is still unmitigated. Only look for short position opportunity. Until the FVG on daily is mitigated and wait for confirmation. Weekly TF is still on the trend line (Bullish)
Strong support at 189.231. If the price breaks the resistance at level 192.064. The next resistance is around 193.414. But if you will look on the weekly TF; The market is slowly mitigating the FVG. Once it mitigates, i think the price will fall. And it makes more sense, because of US is planning to cut interest rates in September and Japan will do the...
In the first week of August, Price is only targeting the Daily highs liquidity. Second week, went to consolidation and shoots up on Thursday's news to sweep the previous liquidity on top. And the next day (Friday) price, starts to sweep the liquidity on Daily lows. Third week, price continues to sweep the liquidity on Daily lows. The market showed again a flag...
Market is sweeping the higher highs since Monday. As you can see it is also creating a flag pattern. Also the Imbalance is still unmitigated. But in my opinion the price will still fall. Because of looming interest cut rate in the US in September and the increase interest of BOJ.
Broke the trend line. Now in consolidation stage. Target is the Equal Lows (Liquidity)
Strong resistance around 146.5. Plus the fundamental is coming tonight. (BOJ) Target is the wicks (Resting liquidity)