FOREXCOM:XAUUSD Gold is currently bouncing off monthly and weekly FVG. It has taken the Sellside liquidity on 4HR with a clear Buyside liquidity above to take and clear FVG to fill, both serving as draw on liquidity. Hence, I expect gold to be bullish for the next few days till atleast those liquidity above are taking and FVG is filled. Entry: Entry...
FOREXCOM:XAUUSD Monthly View On Gold Currently Gold is at a monthly time frame premium level, which means we can see sell moves on lower time frames anytime from now. However, when you follow the monthly order flow and price delivery on Gold, you will discover that, prior to this current leg move to the premium draw on liquidity, gold took out sell-side...
📌Structure: The internal structure is still bullish 📌 LIQ and POI: we've taken out the BSL (red circle), however, there's another upper Liq pool lying above (white). POI: LIQ should be cleared into that OB above for a possible Judas Swing Reversal Model or any other setup confirming the likely reversal.
A likely scenario: Price might sweep the high above into the marked 15m OB.
A closer look at that weekly TF mitigated OB. There's an upper ob that price has mitigated more properly (circled). If price is not interested in the lower ob, the daily TF looks like it's going to pump up towards the next DOLs in the Buyside arrays.
📌STRUCTURE: External Structure is Bullish. Meanwhile, we just broke a low in internal structure. This break swept that low (SSL) into an OB. 📌 LIQ and POI: Price has partly mitigated the OB while clearing the SSL. Thus, the cause for a bullish reaction in previous week. It's unlikely that price wouldn't retrace deeper into it to mitigate it more properly.
📌Structure: The daily TF still looks impulsively bullish. 📌 Liq and POI: There's a Breaker Block just below that price might react to if the expected retracement takes place. However, this is not a scenario that might play out soon.
FOREXCOM:GBPUSD GBPUSD is still bullish. But since we just took out external liquidity, I will wait till it retrace back inside the bullish range to rebalance an imbalance or find support at the 4H order block. I will be buying GBPUSD at any of the discount PD arrays on 4H. I will keep buying GBPUSD till we reach the 1.30043 level on weekly and monthly...
Check out this Buy setup for GBPUSD projection for next week move. FOREXCOM:GBPUSD Thoughts Process Behind the Setup: Weekly Time Frame: Bullish plus FVG and bearish order block above price serving as a draw on liquidity. Also, price already retraced to fill the FVG below price. Which means price is now ready to push higher to fill the FVG above. ...
My usdcad bullish view FOREXCOM:USDCAD Weekly: Usdcad is bouncing off weekly order block with old high above serving as a draw on liquidity. 4HR: Price took out sellside liquidity and created a shift in market structure leaving behind a clear order block and fair value gap. Above price, we have multiple buyside liquidity and fair value gap which...
📌Structure: Friday Mit that ob and price reacts with a Bullish impulse 📌Liq and POI: Price has obviously rebalanced that SS inefficiency and cleared the SSL into the OB Follow up post for a closer look.
📌 Structure (external): Bullish 📌 LIQ and POI: within weekly TF bullish ob. Annotations for illustrations.
The Mit (mitigated) FVG on weekly TF looks like this on the daily TF 📌 Daily TF POI: fvg+ob 📌Will the OB do or price will fill into the FVG's imbalance? I'll want to look out for a LTF trend switch at least to confirm that.
If DXY is having a reason to begin a Bullish run, hitting a daily TF Bullish OB has given it the reason to. This should suggest a Bearish run for foreign pairs that are inversely correlated.
📈 S&P 30m Analysis: A Perfect Setup! 🎯 ✅ Price successfully captured its buy side liquidity and formed a breaker block, signaling a prime opportunity for a sell entry. 📉 Targeting the untouched sell side liquidity, traders can aim for a remarkable 6.5 risk-to-reward ratio. 💰 With the option to book partial profits at 2.5 deviation or hold for the ultimate...
📌Structure: Internal structure (to the right-current price actions) is bullish but price is approaching bearish levels in external structure (to the left) 📌LIQ: 15m EQHs 📌POI: Multiple Levels (A partly mitigated OB, a FVG and another OB) Note: I'm no considering the mitigationed OB Also: Divided risk is ideal for both levels of entry (maybe even with a...
Here's not my favorite kind of continuation entry. What to do in scenarios such as this one? Options 👇🏼 a. Divide your risk b. Use confirmatory entry c. Don't participate (sit it out and be patient for the next high probability setup) d. Moving to another pair (instruments) you trade with a better setup offering higher probability.
My overall bias is bearish for the short term. I believe I will get a good entry in EURUSD when the price reaches the BSL (BUY SIDE LIQUIDITY) at 105.895. The order flow is also bearish, indicating a higher chance for DXY to be bearish and other USD pairs to be bullish. This is basically my insight only. Have a wonderful trading week! MMTrades