Looking at long positions once SOL hits 70-79 fib retracement which would see price delivered at a discount as opposed to taking an entry at todays premium pricing. We will wait for the market to rebalance and provide an opportunity to buy
Potential long opportunity once bearish price action provides an entry at discount pricing. Waiting on market structure to provide a definite low risk entry with high probability
Waiting for a run on sell side liquidity prior to taking a long position on audio. This can be delivered via a wick to a potential area of interest or via a run on stops delivered by price action/candle formation of a bottom (relative equal low) signalling a potential buy opportunity
Potential bottom formation on DXY on the lower timeframe. Looking for a retest of the low after a run on sell side liquidity prior to confirmation of potential bullish sentiment
Bearish outlook on DXY. Currently the market is providing opportunities for long positions on xxxusd pairs. Speculation suggests that the FED not changing the interest rate is the fundamental reason for current market volatility but using price action to create a narrative shows Algo's pushing the $ to a discount as it was previously at a premium
Potential purchase after a run on sell side liquidity leading up to price moving from a discount to premium which represents an opportunity to take a bullish position that sees price move back towards equilibrium (atleast 50% retrace into previous price zone).
The potential for XAUUSD to break to the downside is currently very strong as there has been bullish price action for 3+weeks overall. Market sentiment remains unchanged with talks of recession as well as rising interest rates and a weakening US dollar. I could see the DXY breaking above 103.2 which would push Gold to the 1812 point of interest
The potential for XAUUSD to break to the downside is currently very strong as there has been bullish price action for 3+weeks overall. Market sentiment remains unchanged with talks of recession as well as rising interest rates and a weakening US dollar. I could see the DXY breaking above 103.2 which would push Gold to the 1812 point of interest
-Within 9 days Price moved from a premium at 87.5 on Tuesday 23.05 to 84.7 on Wednesday 31.05 which is roughly 420 pips
-I would expect a pullback from 83.7(100 fib level) to 85.2 (61.8)
-Short to 1.272 fib which is 86.600 price zone
This sell off started with Monday AU/Sunday US making high. From which point price moved towards the downside in order to rebalance as there was a BISI (buy side inefficiency, sell side imbalance)
Ranging within a channel
1.Tested 1.42 then corrected to 78.6 fibs.
2.Tested 38.2 and failed to break and close above then corrected to fib 100 level.
3.Tested the 23.6 at $1.391 and failed to break and close above then corrected to fib 100
4.3rd test of fib 100 broke and closed below ending at fib 1.618 / $1.225
Fib 1.618 and now a correction should follow
