Hello Fellow traders,
Today, we are looking at gold and I am expecting a bearish momentum. The daily FVG was succesfully traded to facing a good rjection. Now we keep our eyes on 4H FVG thats residing just below. We willsee how the 50% of that FVG is crossed whether with a displacement which I wuld love to see, like market breaks below the 50% of FVG with a strong momentum, then we expect the price to take the lows around 3250 becuae thats where Equal highs are and price is highly likely to attract towards it just like a magnet.
However, thus far price action has been bearish, as we price got rejected in that 1H FVG as highlighted and price made two highs one top of other making a turtle soup and then broke below the recent low with a displacement and thats where Breaker Block takes birth and also an FVG. Pice then goes back to fill the FVG and trade to the new born beaker and then the low is taken but wait "Relative EQL Lows".
Anyways, the market now seems to return back to the lows and we can expect the market to now displace through these lows wth a strong momentum. If that happens, it's all gonna be easy to trade to lower liquidity "might be a sudden attack, who knows!"
Thats it for today fellows, kee grinding, keep working.
RESPECT THE RISK!
Today, we are looking at gold and I am expecting a bearish momentum. The daily FVG was succesfully traded to facing a good rjection. Now we keep our eyes on 4H FVG thats residing just below. We willsee how the 50% of that FVG is crossed whether with a displacement which I wuld love to see, like market breaks below the 50% of FVG with a strong momentum, then we expect the price to take the lows around 3250 becuae thats where Equal highs are and price is highly likely to attract towards it just like a magnet.
However, thus far price action has been bearish, as we price got rejected in that 1H FVG as highlighted and price made two highs one top of other making a turtle soup and then broke below the recent low with a displacement and thats where Breaker Block takes birth and also an FVG. Pice then goes back to fill the FVG and trade to the new born beaker and then the low is taken but wait "Relative EQL Lows".
Anyways, the market now seems to return back to the lows and we can expect the market to now displace through these lows wth a strong momentum. If that happens, it's all gonna be easy to trade to lower liquidity "might be a sudden attack, who knows!"
Thats it for today fellows, kee grinding, keep working.
RESPECT THE RISK!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.