We are looking at sell opportunities targeting the recently broken higher time frame swing high level, an acceleration in price to be expected towards this level as break and test retail traders will be opening buy positions to push price to the upside. We are selling against the late buyers given that the DXY is gaining strength and the drop in Gold price is...
Every retail trader has this setup ready, will it be a profitable one or not? Given that the DXY drops from the current daily supply area price has a high propability to make a rally in GOLD target the HTF swing high.
Price is consolidating around the daily supply area, before the consolidation took place price was in an uptrend on the LTF’s. We are looking for a break and close above range as price is an uptrend targeting the all-time swing high at 20 795.1.
DXY 1h chart Price is expected to make a pull back to the downside targeting at least 50% of the rally before making any bullish move. It must be noted that on HTF price is in a downtrend and this rally is taken as a pullback to daily supply area and we can see a leak of buying momentum kicking in area this supply area. Looking for selling opportunities at the moment.
Looking at closing the week with a weak DXY given that price fails to trade above the Daily swing area, marked in price. This weakness will be rise to the Indices especially the Us30 index. this is a short term trade idea.
High risk sell trade set up as the DXY is rallying we want to see Gold dropping hard.
DXY 4H chart Price has made a break above our consolidation high which is our signal that the LTF is bullish and looking to target the 101.905 price level our HTF swing high area. We are to look for any buying opportunities area the 101.016 which is the broken structural price area.
DXY H4 chart Price is in a LTF consolidation phase and it is located in between the broken LTF swing low at 100.538. This consolidation is signalling to us that buyers entering the market as we closed the trading week rejecting the lows. We will wait for price to break to either the upside or downside and take the required action then but for now we WAIT!!!
We are in a strong bullish market and this set up is counter the trend making it a high risk trade. The stock market is giving go numbers and the DXY is extremly weak therefore this set up is for short term purposes.
We are tested the retail methods if they really do work as this is a perfect text book set up to the downside. we have price breaking several structural levels which signal the bearish pressure within the market. We now wait for price to retest the recently broken level which will be used are our entry zone targeting the lows.
NASDAQ 100 We are looking for selling opportunities at this daily and 4 hour supply, should price trade above this current swing high it will invalidate our setup and further rally to be expected. We are targeting the 4 hour swing low price as this set up is counter the current market trend. We have a large number of buying pressure in the market as we received...
S&P 500 Price is in an uptrend which is taken as a pullback of price to the recent swing high at 5 653 which formed our swing low at 5 392.3. It must be noted that price returned to this daily supply area within 30 days and we see a reversal candle close which spiked the all-time high and closed back within the supply area. A close above this swing high will...
DXY H1 Price is in a down trend which recently broken below a price structure at 101.366 we are going to use this area as our key price during the NY session for any sell opportunities give that price retest this level. A price gap is seen which has been tested and respected by price and we are going to monitor price action area the gap expecting a spike in price...
Price is in a strong sell off targeting the recently formed HTF swing low at 100.538 which is our 2023 low. This area has a lot of orders both buys and sells which will increase the volatility in the market. This drop is good news for US indices/Stock markets as money will be flowing out of the Dollar to Gold and stock market.
We are expecting price to rally to the our supply zone located ath the highs of our higher time frames, this is a high risk high reward trade as it is taking during the selling pressure found on the LFT's