Do we really need to get excited about this recent Gold rally? I think not...
Waiting price to react with marked box, where i will look to build my long position. Targets are red lines above.
As i see things regarding BTC price, i expect more downside. Waiting price to hit LW High to build my short position. Targets are two lower red lines.
All i see on this pair is potential short position. Waiting price to take out previous week high. Looking to build potential short position between two red line with target on bottom red.
Waiting price to react with bottom marked level. Expecting level to act as support. Upside targets marked on chart.
Since we had SFP on weekly level, i'm anticipating retrace to 2600-ish level. Colored box is where i expect top to form during this week. No need to rush, wait MS to break and opportunity will present itself.
As you can see i have marked levels on chart where i think liquidity is. There is too much uncertainty in all markets worldwide. Anyway, i think there is potential big short above second red line and that is what i am going to play.
What i'm anticipating is that price take out Tuesday high, and make high of the week between red lines. Since we had SFP on weekly level, expecting price to retrace to origin of the swing. Daily OB is marked below, he is also part of the weekly OB from where the move originates.
If opportunity present itself, will take a short between red lines with my target 0.628
Waiting potential reaction with lower marked level to build long position. Aiming top marked level.
ACHTUNG, ACHTUNG! Looking at daily chart, think we have local top, since daily market structure is broken. Waiting to build my potential short position in upper marked level, with target on bottom marked level.
Since we had SFP on last week candle best thing is to look for short positions. This is my setup with SL. Since there is no guarantee that price will reach last level, best practice is to take profit partially, while lowering your SL.
Too much uncertainty regarding BTC price direction. Anyway... Red box is my area of interest for short position. Best thing is to wait for confirmation of level rejection on 4H timeframe.