trendylj

trendylj

GJ wicked into a monthly supply zone, rejected the area and started towards the downside. We’ve been in a long pullback to retest that rejection and mitigate supply left behind from the initial move. We’re aiming to buy back up the most recent 4H supply zone, and not price action doesn’t shift, hold to fill Fair Value Gap liquidity as well.

trendylj

GU has been making its way to a 4H/Daily supply zone for some time now. Scaling down, GU has retraced to a 2 4H demand zones then gapped up for a market structure shift (change of character). I’m waiting for the gap to be filled, thus rebalancing the market, then looking for another market structure shift (change of character) to take price back up to the swing high

trendylj

On the Weekly and Daily timeframes a new Lower Low has been engineered. A set of relatively equal highs were printed in the market during the swing down, just below what looks like an institutionally engineered supply zone via liquidity sweep. My expectation is for the market to remain bullish until buy-side liquidity above the highs and around the supply area are...

trendylj

GU has broken HTF structure to the upside and has not indicated a reversal any time soon. 4H and M15 have shown strong upside waves. Some recent lows were swept below before price pushed up again, leaving a Fair Value Gap which shows how strong the move was. The manipulation of the lows and the imbalance created by the subsequent move up suggests a push higher...

trendylj

Price has finally found its way into a 4H supply area and left behind several demand areas and Fair Value Gaps to be filled. GU is long-term bearish per the 1D and 1W charts so we expect a sell opportunity to present itself once a valid change of character is displayed on the 15M/30M showing a shift of trend. Swing traders should target the recent Fair Value Gap...

trendylj

Internal Structure looks to have shifted bullish after seeing a change of character form around the 50% of the swing run. We see a recent support now acting as resistance, a Fair Value Gap, and multiple order blocks formed at areas without mitigations. I believe liquidity will be swept at those zones then price when continue long. Targeting the internal swing high...

trendylj

Series of BOS long have occurred and now we’re seeing a major retracement for the 15M timeframe. A small range occurred being breaking out to the new swing high, leaving sell-side liquidity below the equal lows of the range. Expecting institutions to drive price below the range to pick up liquidity to fuel prices long again

trendylj

Gold just broke higher timeframe and internal structure to the upside, putting multi-timeframe analysis in alignment for longs. A recent resistance level has turned into support and been respected, inducing most traders to enter buy orders early. I anticipate a fakeout rejection of the support level further inducing more buyers, a reversal trading below the...

trendylj

Gold has put in a new higher high and began to retrace. I’m looking for price to continue bearish into 4H demand and target my refined 5M entry zone based on 15M and 5M demand. Targeting the daily swing high to take all profits, although price will likely run higher.

trendylj

Daily order block has yet to be mitigated leaving pending orders that need to be liquidated. Based on lower timeframes and a Wyckoff accumulation schematic, looking to take price back up to unmitigated 5M/1M order block before falling to pick up more liquidity to take to the upside.

trendylj

Based on daily timeframe structure, we are in an overall bearish market. Right now price is in a distribution schematic. I expect a move to liquidate orders and stop losses above the last daily swing high before continuing down. Here on the hour I expect another small push up to entice buyers in the market before falling to either untouched order block from the...

trendylj

Wyckoff schematic to move down into an M15 order block to pick up liquidity before a final push long to the most recent untested weekly order block around 1.40693. From there possibly looking for the market to resume downward per weekly trend bias.

trendylj

Based on the exhausted down trend and briefly falling below then coming back above a previous significant low, I expect price to continue to rally to the upside, creating new structure and filling demand zones recently left untested. Potential take profits marked in yellow dashed lines and long-term take profit indicated by purple box. Abbreviations across the...