So similar to GOLD we see price wanting to push up to clear the relative equal highs there will be a lot of Buy-Side liquidity resting here. I can see price making a push lower before heading upwards to clear this area soi will be looking for selling opportunities within this week. i have marked out the target areas and the key institutional levels price will...
I have foretasted selling opportunities for this week i see price making a final move to collect orders for a upwards move retail traders will be seeing some good buying opportunities and will be taken out from the purging of buy stops and picking up buy orders. I see price heading up to the .80 level but before price does this i can see some good short...
Take a look at the chart and have a read. If price drops to our fib zone we will taking this trade. we have price coming off the 0.20 institutional level and could be reaching for 0.50 therefore taking the buy-side liquidity from yesterdays high. remember guys retail support and resistance is a lie. Here is a good example of that.
Clear sweeps of liquidity retail traders will be getting smashed today
Possible short on gold the Factors we look for are lining up
The central bank is coming to purge your stops. When the N.Y session opens the price will come down to the fib and also the .20 level its going to reverse and push up testing each level eventually coming up to take the liquidity from the market. This is a textbook setup please trust me. goodluck guys :D
So im thinkinh if we can see some claer signs of a reversal around the 1.32500 we will be taking a short. im looking for the break of structure so forming of higher lows and maybe a evening star or a bearish engulfing. will also be looking at the moving averages crossing over. follow for indepth analysis
so i am looking to get in short as price is reaching the daily highs that have not been tested recently. I am waiting for clear conformations such as candle stick rejections MA cross overs and break of consolidation. if price breaks past our daily high i will be expecting it to reach our key S/R area and then seeing if price rejects the area. remember guys to use...