Price is ranging after a rally into our 1HR supply zone, we will monitor price to see if we are going to get a break above for a trend continuation which will give us a rally-base-rally setup. On the other hand a break below is much more expected which will give us a rally-base-drop setup a reversal pattern. Given that Gold continues to rally the drop in DXY will...
taking selling trades on the 1HR supply zone targeting the low swing formed on friday, this sell will accelerate the buys on the US indices as the market is saturated will late sellers.
looking to take longs at the recently formed demand of LTF''s targeting the highs formed by this demand zone. the break below our entry point will invalidate our set up. looking at the DXY before the stocks open looks bearish for the day and this will help us get a fast reaction at the demand zone to push price further up
Looking at going short as we have price taking out the highs with a weak break and set a new high a few points away from the previous high. Now we want price to drop to areas where price had unfilled orders before any rally took place.
Given the rally of the other two US indices breaking the recently formed highs and the weakness in the DXY index we will be looking at taking longs on the LTF demand zone and targeting the all time high just to take out all the late seller located area our demand area.
Which supply is going to hold and send price to the HTF recent swing low area. wiill it be the 1st supply or the supply located at the location of the impulsive drop before the consolidation phase we see current?
Gold Monthly chart Price is in a clear bullish trend and at set an all-time high @2450.030 recently we are now more focus at lower prices to take prices further higher as it is already too late to take buys now. The pre.high @2073.014 is our target for the selling opportunities we looking to take considering that the US dollar gains strength.
DXY D1 chart Looking for a rally in price as price is trading at the Swing @103.901 taking into account the amount of selling pressure coming into the market at this price area as LTF traders are looking to take sell trades expecting price to breakout of this swing and continue dropping to lower price levels. We are long and targeting the recently formed swing...
USDZAR WEEKLY chart We have been in a bullish trend and price made a new all-time @19.92392 high which is relevantly close to the pre.high @19.35768. Price is currently consolidating at this price level of pre.high area. We now have to pay attention to price behaviour at these minor swing areas for signals to take trades from. We have two key HL areas to look for...
Looking at taking long positions around the daily broken swing high on the LTF's which confluences with the 71.8 % Fib retracement level targeting the recently formed Swing high given that the DXY continues with the weakness it is currently experiencing.
Looking at the weakness the DXY is experiencing on the Daily and the H4, we are using the the 3-wave pattern to complete at the bottom of the recently formed swing low as this drop is also fueled by the rally in Gold and stock market.
USDZAR has been consolidating on HTF's we are currently at the low of the range hence we are looking at taking advantage of that and take long positions as we target the high of the range and potentially breakout to the upside as we expect the Dollar to gain strength and Gold to drop in value.
We are looking for a rally in price as we are trade around our 1H/4H Demand zone and we have a ranging market that is set to trick many of us to take early trades. We have to waith for price to break out of this range to the upside for us to shorting positions on GOLD and Us100
We are looking at the Gold price as it drops it will affect the AUDUSD to drop aswell as this pair is a commodity pair and they have a direct relation with Gold prices. We are trading art LTF supply area and we are looking to take price to the downside targeting our recently formed Swing on LTF's.
Looking at taking long positions given that the the USD index continues with gain and GOLD drops in value. We are trading around the inner 4H/1H DEMAND AREA and we can see x2 Bullish reversal candle patterns from our 1H cahrt the Bullish engulfing pattern and the beraish pin bar. Now we are looking at a rally in price to our LTF supply area. We have to keep me...
looking at a bullish market, we will be taking buys just after the break out of the minor swing high area formed by intra-day trades.