My anticipation is for price to tap into the daily FVG that is above the previous week high before is resume its drop. I will look for a reversal pattern on the 4hr or 1hr then pull a trigger. First target will be 0.64400, second target to be 0.63478.
Short Term Analysis: We are expecting a bearish move towards the coming the week. Price Action respected the 4h Supply zone.
I have written a top-down analysis within the video therefore if anyone does not understand some thing, they are welcome to ask me.
Fibre has given us an SMT and has also tapped into the daily bullish order block. I am anticipating price to rally after the FOMC news. I wont participate but stay on the side lines and watch price.
With Dollar dropping prior to the FOMC economic news I have been seeing GOLD bullishness and created a smart money reversal. I took a long position the PMs of the NY session. I see gold trading towards 1710/1720 before it continues dropping inversely to the dollar index. Manage and protect your capital all the time. #XAUUSD#GOLD
Multiple time frame market structure aligns. Order flow is expected to be flowing downwards. Targeting 78.8
We see price forming an arch price action. The strength of JPY is strengthening. Price might respect the order block around 130.80 and if it does not we will expect price to try to liquidate the buyside orders before it drops like a capsule from space. Structure is forming LLs and LHs. We will catch the exhaustions on its way down to scale in. 1% to be risked in...
EURCAD is forming LLs and LHs within the market structure which then aligned with my method of approach to price action. Price reacted to the EMA with strong bearish price action. Price also tapped 1.4350 and since then on lower time frames we have been getting multiple confluences to our structure bias and fundamentals. Price has the potential to drop to 1.4180...
I have noted a bullish head and shoulders within the price action of GN. It is indicated on the chart how the pattern in going to unfold. The take profit for this trade is around 2.00000 and stop loss around 1,93591