Price mitigates the pivot demand zone created last time gold traded at the ATHs (All time Highs). Mitigation of the zone sees some corrective/profit taking moves. Potential supply zones for the buy continuations have been identified, but follow the LTF for your immediate trade bias.
We've had a good bullish week. We can see some pullback at the start of this week before continuations. Demand zones till where to expect the pullbacks too are indicated. Follow the LTF market structure with HTF as the guide. Current price action > Past price action. Don't force trades. Gold is still technically and fundamentally bullish by pullbacks are a...
Pullback to the extreme 4H supply, and the 4H orderflow is consistently bullish. Fractal 4H brk at around 2418.6 may signify buy continuations. Follow the MTF structure for getting an entry. If LTF stays bearish, we can follow it to look for short term sells.
AUDUSD Short . Potential +6R with a hold time of a week.
Potential USDCHF Short. Targeting +5R. Hold time b/w a few days to a week.
EURUSD Short from a daily supply zone. First target +2.5. Potential hold time- few days to a week
EURUSD short from a daily demand zone after a break and retest. Weekly and Daily bearish price action, entry refined on the 4H and 30M. First target is the Major Swing Low on the 4H, second target is the next daily weekly liquidity.
Confluences marked on the chart. Potential +3R trade. Hold time till end of the week.
USD is fundamentally bullish given strong NFP (<250k), JPY is bearish given the recent IR Hike. No fundamental divergence to be seen. Possible MTR observed on the 4H. Entry on a pullback to the Daily Key Price Area, SL before the lowest swing of the pullback.
GBPCAD Short continuations after a pullback. Rejecting Daily Key Price Area after a pullback from a Weekly Key Price Area. Weekly, Daily and 4H Bearish. Price went further down while I was publishing the idea, so you can set a Sell Limit at 1.70670 and hopefully catch it if it retraces. Potential +2.5R
GBPAUD Short from a Weekly Price Area. Potential +2.5R trade. All confluences on the chart.
Continuation of the previous GBPCAD short. Another entry after a brief pullback. Potential +2.5R
Re-entry for the previous GBPCAD trade that got disrupted momentarily due to CAD Inflation numbers. Potential +3R trade. See the related idea for all the confluences.
Potential AUDUSD Sell ahead of the FOMC meeting. Potential TP levels are +2.5R and +4.2R.
All confluences on the chart. Potential +3R trade. Expected hold time is at least will the weekend.
Intraday EURUSD Sell idea based on the previous Session High on the LTF and the Weekly Key Price Area on the HTFs. Potential 1:6.5 RR Trade.
EURAUD Short off of a 4H key market area. Expected hold time is a few days. Expected RR is +2.5R. All confluences and entry conditions are similar to the related idea below.
USDCHF Short off of a daily key market area. Expected hold time is a few days to a week. Expected RR is +3R. All confluences and entry conditions are on the chart.