My buy order is waiting at this 9581 level below, I will split targets once filled, the target on the chart is the max target.
Looking to short this level, profit targets are provisional and will be changed if the PA tells me to.
I have marked the fresh demand levels i am watching on WTI, I will be looking to buy up to the daily supply level.
I will be looking to buy at the demand zone, whether I do or not will depend on how price approaches the level.
Fresh 4h supply which aligns with the zone where the bottom of the higher TF descending triangle was. I am using 1200 as the line in the sand for the bottom of the descending triangle.
I won't be touching this until some serious demand shows up, ideally in the zone I have marked. I still think its a bit of a gamble to be long before 1.20 has been tagged.
I think both gold and silver will head back to retest the higher TF descending triangles which were broken to the downside. The RR of this idea is crazy from these levels, although my ultimate target with be 18.50, I will trail my stop as well. Looking to get long off the 1h fresh demand which is also within a 4h fresh demand.
I have my limit order at 78.34, ultimately looking for a move back to the lows so far today but I will trail my stop as usual.
I am waiting for one of these to fail to determine the next direction & plan.
This is what i'm looking at on EUR/USD.
Some nice fresh supply on gold from the 4h / 1h chart. The dotted red line is the bottom of the monthly/weekly descending triangle.
First area is fresh supply, the second is the retest of the 4h descending triangle.
Looks to me like a bull flag into demand. The breakout may come before the demand gets tested but only time will tell. GBP/JPY also has pretty much the same pattern.
Looks like we may have a bear flag into 15m supply.
The $ could soon be about to make a huge technical breakout & everyone is watching.