Olajireolapoju

Olajireolapoju

From the daily price action, I can see BTC trading below the lower trendline of the the up channel since the last 4 trading days. This may be a confirmation for a sell but there is a need to be very careful as price has refused to make a Lower Low (LL) on the weekly. This calls for serious caution for seller has price has also been trapped in the yellow zone. If...

Olajireolapoju

If you were in much lower timeframe, from a technical perspective, you would never have see very clearly that CPOOL is trading below the weekly FVG signaling the possibility of lower prices. However, if you are holding for store of value, and if you have money you can afford not to think about for a foreseeable period of time, It's a good time to start buying and...

Olajireolapoju

This is another chart to help teach us patience. Monitoring US30 for a sell to the grey zone, are we going to see a liquidity run or a liquidity sweep? I don't know yet unless I see what market movers want do and then, follow their footprint. Right now, with my trading plan/strategy, I won't enter a trade. However, we may want to go to the lower time frame and do...

Olajireolapoju

BTC may now be looking to go lower and if that happens, FWB:83K -$86k zone may just be on the table. Respect your money and be patient. I remain neutral until I see the action price wants to take

Olajireolapoju

Gold has to close below the 4H Bearish OB to continue lower and close above previous High to continue higher.

Olajireolapoju

Dear Traders, From what I can see on the DXY chart, there is huge potential for us to see 113 in the medium to long term if we see a rejection of the current zone especially at the rejection block.

Olajireolapoju

My bias fo this pair is bullish and would rather wait patiently for a buy than sell this pair

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.