I believe oil will drop after taking out buyside liquidity. It needs to take out the sell side liquidity. Target is 71.80 where we can start looking for buys. Proper risk management is highly encouraged. All the best
CPI Results on 10th Nov resulted to a weak dollar, thus the rise of Gold during and after news release. According to Dxy analysis, I don't think the weakness will last long as it is approaching some major levels. Gold is also on major supply zones. Best zone to take a good short is around 1750/1765 area and target the indicated levels. All other sells taken should...
Price is clearly on a downtrend after clear break of structure on Month and weekly timeframes. It is possible for price to retrace to the Daily orderblock (refined on H1) for clear shorts. There's also a possible sell at the cmp where we have an M15 OB and retest of Daily BMS. Possible targets and stop losses indicated. Risk management is highly encouraged. All the best.
Price successfully filled inefficiency on H4 around 1721. It is also below the previous weeks highs, and it's starting to form new bearish structures on lower timeframe. For short re entries, Use the M5 OB(1712) that was formed after H1 Break of structure. Possible Targets 1685, 1670, 1647, 1628. All the best
Price is still on a critical weekly and monthly supply zones. Last week's candle did not manage to break previous weekly highs signifying probability of reversal. What we need to see is clear BMS on H3/H2, then RTO or retest of BMS for short positions. The breaking candle needs to have momentum. All the best.
Price has been rallying to RTO after break of market structure on the weekly. Price is currently on the weekly OB, and the best price to take short positions, is at the H4 OB as it fills up the inefficiency left previously. Potential targets include 1647 and 1628
Price appears to have obeyed the major demand zone, indicating long opportunities. The only challenge is that it hasn't done a clear Break of market structure on H4 or lower timeframes. It's more of ranging at the moment. However a clear BMS with momentum will push price up to 158.42 and 162 area. To enter long positions, wait for clear BMS, enter with RTO or BMS...
Gold is clearly on a downward trend since we broke structure 2 weeks ago. Price has however reached a fresh demand zone where we took a buy order. This will act as a retracement area to around 1685 area, where we'll take some longer term sells after confirmation. For long positions, wait for price to break 1646.38 with momentum, then enter using retest or Return...
Price has clearly broken market structure on the weekly to sell structure. It's however approaching a weekly Orderblock around 1833 area where we're likely to see some retracement. To enter long positions at the OB, ensure you identify clear BMS on 1 hour or more lower timeframe for short term buys to 1792 area. All the best
GJ is on a clear downtrend after breaking the monthly and weekly structure. Price is currently on critical demand zone where we're expecting to see some retracement. To enter long positions, wait for clear break of market structure in 1 hour timeframe. However, It will not be a surprise to see price drop to 154.24 and 151.95 before retracement. All the best
Price got perfectly rejected at the strong monthly demand zone. There was also monthly equal lows that were taken out as a way of grabbing liquidity to rally. A good signal to buy was the H4 BMS. Now, the 2nd buy entry will be at return to H4 OB, Either rejection at the current one, Or the one below. Target indicated on the chart.
Weekly has a clear BMS and retest of the same, indicating bullish structure. Daily has broken structure to sell, did RTO, and now we'll be waiting for further drop to the H4 OB to take buys. The daily drop is just a retracement. More reason to buy is the H4 equal highs which will be more likely taken out first, Levels of interest indicated on the chart. All the best
Price was rejected at the strong demand zone. On the monthly timeframe, it is clear that we're in range and price is currently at the demand area. On the daily, we saw equal lows being taken out as price sought liquidity. We also have weekly and daily break of structure. Therefore we're going to enter buys at retracement on the indicated levels with candlestick...