Olajireolapoju

Olajireolapoju

I am still bearish on Gold based on weekly price action. Bullish confirmation above $2,725

Olajireolapoju

Hello Traders, From the pattern I see on the chart, Gold is likely to continue the downtrend to 2501 or even lower as there is a likelihood for price to take out the low that created the ATH for Gold before any form of reversal. There is a high probability that price may mitigate the "Bearish Mitigation Block" - The purple zone on my chart which is ranked first...

Olajireolapoju

Gold is very tricky right now, I would need to see what happens during the new your session. I am actually trading the sell from 0.786 with 50 pips SL and hopping to see Gold pull back to the Yellow zone on my chart with my eyes on the bullish order block right inside the zone. The yellow zone is a conservative place to buy and quite honestly I believe Gold is...

Olajireolapoju

Daily Looks aligned with Monthly. Just keep paying attention. You don't own the market. Price will always do what it wants to do as the market has a mind of its own

Olajireolapoju

Hello Traders I am sending this monthly cart so you can see the bigger picture of the possibilities on BTC and for you to apply this to any pair, commodity, stock, or metals that you trade. Whilst I am also of the opinion that it may be impossible for bitcoin's price to deep. I am still paying attention to the Bullish Order Block, the monthly uptrend line and the...

Olajireolapoju

Dear Trader, It is usually good to pay attention to what price action is at any point in time. I am personally neutral about the movement of DXY but I will be waiting to see a "Change of Character" (CHoCH) on the weekly chart to confirm bullish in the medium term whilst I wait to see DXY break Structure to the Upside. There is a very high probability that after...

Olajireolapoju

Whilst Daily is Bullish. 4HR has already created LH and LL with valid Pull Back after the lower Low was created. if you want to sell based on 4HR price action, It is only better to start looking for sell opportunities within the yellow zone after the liquidity sitting above the current price is taken out. It is that simple. If 4-HR time frame is Bullish for DXY,...

Olajireolapoju

Whilst this piece on price action on BTC going by the 4-HR dealing range is looking bearish, I would like to still wait and see which side of the dealing range price would attempt to beak (High or Low)? I would like to see a clearer direction before taking a call on this. If price closes above the dealing range, I would look for sell, If price closes below the...

Olajireolapoju

Hello Traders, From the of things and going by market structure Gold is still breaking structure and may continue to go higher to the next key psychological level of $2,600 for as long as the low ($2,432) that led to the break of new structure high remains protected. I would be looking for buy opportunities within the ne new dealing range (the most recent grey...

Olajireolapoju

I would really like to see Gold test $2,413 in the first instance and the $2,342 as there was a failure swing on the daily beacause price could not break structure high above $2,383.76. Price rejected at $2,380 zone.

Olajireolapoju

In my opinion Gold needs to retrace to the Discount Zone.

Olajireolapoju Updated 

Dear Traders, Just learn to be patient... There is a need for one more validation to confirm Bullish Continuation. Remember this analysis is only valid for 30 minutes Time Frame. I have shared 4-HR time frame earlier. After a downtrend, you need a CHoCH and a BOS, which is a closure above the previous high, and for the new high that formed after the BOS to be...

Olajireolapoju

I am still personally bullish on Gold as I am yet to see a valid bearish reversal pattern. If we close above the previous high $2,392+, I will look for valid bullish entry to add to my buy position after taking partial profit. Let me know what you think on Gold.

Olajireolapoju

Dear Traders, The easiest way to lose money in trading is not knowing how to wait for confirmation and allowing ourselves to get trapped. After a prolonged downtrend or uptrend, we must be able to know when a trend is getting matured and, review our charts for possible trend reversal whilst waiting for confirmation before determining possible entry points. In...

Olajireolapoju

I am personally of the opinion that BTC may hit $24,000-$30,000 in the long term and I can see $46,000 to $51,000 zone on the table in the very short to medium term. However, I would like to see both the current internal and external liquidity (Previous Weekly Lows) taken out by the body of this week or next week's candle. Let me have your opinion on where you...

Olajireolapoju Updated 

As follow up to my initial buy trade for which we have hit TP3 and touched our initial target of 2365, I can see a potential for Bullish Continuation if and on if we see a bodily closure above the neckline zone I marked in my chart which is on its own a bearish Order Block. If we break above the bearish Order block in 4 Hr, my initial target will be 2395, and...

Olajireolapoju Updated 

Gold id currently rejecting the extreme support in 4HR and may target $2,368. Trade safely and apply proper risk Management

Olajireolapoju

Dear Traders, This is for those that may miss the trade. Please do not chase price, if we see a bodily close above the previous daily high. A good place to buy would be the yellow zone at the consequent encroachment or at the Bullish order Block (The green zone below)