Supply + Demand
AUDJPY has been making consistent Higher Highs + Higher Lows since forming a Double Bottom in Mid December of 2023.
AUDJPY retested Supply around the 96.000 area which was turned to Demand in January 2024 and then formed a Pin Bar candle which pushed the market to a Current Higher High to 96.800.
On the 1HRtime frame there is an Inverted Head and...
XAUUSD
Supply & Demand + Break & Retest (Strategy)
Wait for confirmation to enter trade
Looking for rejection at the demand level on 15min, 1HR, 4HR
I truly believe XAUUSD is still pushing from the previous push to the upside on Nov 13, 2023.
From that push XAUUSD retraced to a 78.6% of fib and has pushed through minor resistance level at 2040.000
What I...
Looking on the Daily Time Frame, it is clear that the BUYERS have marked a NEW HIGH. After every impulsive move there is always a correction to make MARKET STRUCTURE. Structure has been made with reaching a 38.2 Fibonacci level. This level as well is a DEMAND LEVEL where supply was turned to DEMAND. I believe Gold will began to push to HIGHER HIGHS in the coming weeks.
AUDJPY has been making NEW Higher Highs and Higher Lows in the CURRENT market. This is a great indication that what we have been seeing is a CORRECTIVE WAVE of the previous RALLY the market gave us.
As we we can see AUDJPY is settling on the 61.8% Fibonacci with a POTENTIAL Double Bottom forming on a Daily Time Frame.
If we see the market have bullish momentum...
