XAUUSDGold has a strong demand zone around the level of 1990. Currently, my view is neutral. What I will do is wait for a possible formation of a supply within the main demand zone, and from there I will look for a long entry. If the price were to break the main demand zone, then I will look for a short entry.
The goal is to search a possible supply demand zone inside the main demand zone h1
Let me know about you think in the comments.
Have a nice trading!
London
GBPCADI highlighted a demand zone H4 that generated 3 relatively prominent bullish impulses with circles. Afterwards, I waited for the market to generate an H1 BOS which allowed me to identify a Point of Interest (POI). Then, I identified two targets for my trade, which I opened after the price retraced to my H1 supply.
Let me know your thoughts in the comments.
Happy trading, goodbye.
EURUSDOn EUR/USD, we have a bearish setup in the last week. The market is generating a supply zone with two price retracements before further declining and breaking previous lows, creating BOS in the process. The objective of this trade is to aim for 1.0880.
Let me know your thoughts in the comments.
Happy trading and have a great day.
AUDJPYI have identified a very strong supply zone in H1, as the market retested the area 3 times before breaking through it. After the breakout of the supply zone, the price created a BOS, allowing me to identify an additional POI within the previous supply zone. Now the objective is to wait for the price to drop to the 90 area, and then look for a long entry. The first target is the 90.400 area, and the second target is 91.
Let me know your thoughts in the comments.
Happy trading and have a great day.
XAUUSDI have highlighted a sell zone and a buy zone that I will use as reference for my profit target. The trade in question is really simple, just tracking the price on the supply area. I opened with a stop positioned above the highest candle within the sell zone.
Let me know your thoughts in the comments.
Happy trading and have a great day.
LONDON: XAUUSD - BREAK & RETEST/BO - MOMENTUMThis London session has provided a beautiful setup in Gold as it seems to want to continue its push up. Classified officially as our B&R playbook trade but it could also be a breakout trade had we entered on the big bullish candle. Anyways on we go, lets see what happens
LONDON: EURUSD - LIBRA/HEAD & SHOULDERS - MOMENTUMOur second trade this London session will be on EU using the Libra setup with confluence based RSI, broken structure, and currency strength. Regardless, this is a probabilities game so we never know for sure what will occur therefore I always say, lets see..