there was 3 setup for intraday trading first one after seeing rejection of imbalances ( high risk until we entered the Value again ) take profit @ POC or VAL second one after seeing rejection of VAL ( this one was most valid setup of the day , we rejected imbalances and VAL at the same time , there were clear signs in the footprint ) take profit @ VWAP or POC...
technical : liquidity has been grabbed and imbalance got filled , if we break above this year vwap we might see more bulls enter the market fundamental : Cash App announced it’s integrated with the Lightning Network, allowing its U.S. users to send bitcoin for free to anyone worldwide. note : last time fed said something good about interest rates , this stock...
Buy : if we could break above green line and hold it , we can be hopeful to see 1780 and 1790 ! Sell : if we couldnt hold the blue line , we can be hopeful to see 1725 and 1712 ! 3rd idea : we might consolidate here for a while cuz we dont have a good volume profile structure at this price level .
few days ago we had Institutional sell off with the amount of : 10100.10$ it might be a reloading opportunity for the hedge funds because many analysts believe BTC price will reach 100,000$ before 2022 Chart : white lines are lines of defense for Sellers green lines are lines of defense for Buyers red lines are time line wedges ( price have to decide...
if we hold the 3/1gann .. we can see price reaching prev highs in this week . if not we should wait for sell confirmation
Order Blocks : Candles opposite of trend direction right before the trend Ex GF : 2 huge candle same size with opposite color starts and ends at same place with huge opposite volume ( u can track volume on footprint charts ) why price react to these areas ? market is 2 way street , big boys love to enter the market when lots of ppl either have to exit or make...
alot of order blocks at monthly vwap . price most likely will react to that area . i think we will check back where we were in 20-30 days ago
with the break of this wedge pattern from downside we can hope for continuation to test other gann lines from downside . failing to break the low will resuilt in testing old highs for liquidity
if we close above the red area and create a higher high and break of prev high , chances are the price will rise after a retrace . if we test the 8/1 gann and couldnt hold it .. price most likely will find new value area below the lows because of wedge pattern created with Gann and red area .. we will see the result in less than 3 days !
here we can see HS pattern on 15m chart . i would still wait for more confirmations but its safe to have short bias if neckline is broken
i love Gann fan because it shows the momentum of trend . its not a buy here sell here kind of tool but it gives u understanding of what price doing and who is in charge
OANDA:XAUUSD Based on fundamental analysis : commodity market had such a great week this can be due the weakening of dollar , we can be hopeful for the continuation of bullish rally in the gold and silver market . based on technical analysis : gold cleared some of the liquidity with the help of NFP . puke is done we are waiting for continuation entry 2 :...