GU imminent buys to sell idea?My analysis for GBP/USD (GU) is still bearish at the moment, as the DXY (Dollar Index) has been very bullish. Additionally, GU has broken structure to the downside, and there's a clean supply zone that aligns with this bearish trend. However, as price is currently in my demand zone, I will be looking for confirmation to buy temporarily for a retracement.
If price does not respect the 1-hour demand zone, I expect it to accumulate slowly, approaching the demand zone below. In that case, I’ll wait for the price to reach this lower zone before looking to buy. If this scenario doesn't play out, I will wait for the price to rally up and then look for short opportunities to sell again.
Confluences for a GU Long:
- The market has been very bearish, and a pullback is likely.
- There is a lot of liquidity to the upside, including Asia session highs and trendline liquidity.
- A clean demand zone lies below a liquidity level, offering potential buy opportunities.
- The DXY has left imbalances below due to recent news, suggesting the dollar could decline temporarily.
Note: If price rallies up and breaks the current high, I would expect an upward continuation, as there's significant liquidity being built up above for GBP/USD.
Wishing you a successful trading week ahead!
Demand Zone
GOLD BREAKDOWNA chart representation of what may happen on Gold in the week and beyond.
Monthly TF still looks significantly bullish as the Gold Market Price is currently still trading above the previous significant monthly lows. We don't need the price to just trade below but close below to ascertain the presence of weakness in the current bullish trend.
On the Weekly TF, price has shown a clear push signifying a building up in bearish momentum before and after the US elections last week. Nevertheless there is the monthly lows as support to hold off what sells we are seeing and resume bullish trend. Until the break of that area, we will only keep seeing the current push down as gathering liquidity to continue the preceding bullish pressure.
Coming to the lower TF, the chart clearly shows Possible rejection zones that may be used as indicated and based on special confirmations know to my trading style, I will be looking forward to join in for buys or sells where significant.
Fundamental - The uncertain nature of Trump's first approach upon assuming second term may stir trade tensions globally and mixed sentiments may have an effect on price volatility until his policy implementations are clearer.
GBP/USD Longs from 1.28000 as a retracement. This counter-trend idea comes from the fact that price is currently reacting at an old supply zone. However, if this supply fails, I wouldn’t be surprised to see price move up and take out the trendline liquidity above. Ideally, I’d prefer to wait for price to come down to the demand zones to mitigate before aiming for a move up to capture the liquidity pool.
I’ll be watching for signs of Wyckoff accumulation within my points of interest, particularly at the 55-minute or 18-hour demand zones, depending on how price behaves.
Confluences for GBP/USD Buys:
- Significant trendline liquidity to the upside that could be targeted.
- Demand zone has led to a break of structure on the upside.
- Price has been heavily bearish and may be due for a pullback.
- Several untouched Asian session highs above.
P.S. With upcoming news, including NFP and election events, I’ll likely stay on the sidelines unless a very clear setup emerges, and even then, I’ll keep risk minimal.
XAU/USD shorts from 2,760 or Longs from 2,720This week, my analysis suggests that gold may continue to drop, targeting the trendline liquidity formed below. Once that liquidity is taken out, I anticipate a bullish reaction, potentially around the demand zone I have identified. If the price retraces up to the supply zone, I’ll look for potential sell opportunities to follow this short-term bearish trend.
Since my overall bias is bullish, I am more inclined towards long positions due to the higher time frame outlook. However, if the price surpasses any of my nearby Points of Interest (POIs), I’ll watch for a deeper retracement around the demand at 2,680 or the supply at 2,780.
Confluences for Gold Sells:
- Price has shown a bearish shift on the higher time frame.
- Supply zones remain on both the 1-hour and daily charts.
- There is significant trendline liquidity below, providing a target for further downside movement.
- The dollar has been moving bullishly, which aligns with a potential drop in gold.
- Gold has been in a strong bullish trend and may be showing signs of exhaustion, hence the recent heavy decline.
P.S. I’ll stay vigilant and assess where the price moves first. If price breaks structure to the downside, I’ll have a stronger inclination to sell.
Have a great trading week!
FET Solid Long Entry & TargetA few untested KEY levels below would be a nice place to enter a long trade if we get the reaction we are looking for. The target would be the Value Area High & other untested KEY levels above.
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Trading Alert: Ready for a Bounce to 2810? XAUUSD Market Insights:
Supply Zone: Currently facing resistance at 2788-90.
Support Level: Key buying opportunity at 2780-74.
Target: Aiming for 2810.
Upcoming Catalyst: NFP report this Friday could create volatility.
Strategy:
Watch for a bullish reversal at support to enter a long position.
Be ready for potential price swings around the NFP release.
Feedback Welcome: If you like this analysis, your support would be appreciated!
GOLD FORECASTIn this analysis we are focusing on 30M time frame for XAUUSD. Today I'm looking potential drop in gold price, So wait for price when it comes into our zone. After taking some additional confirmation like volume increase or decrease and RSI divergence. Then we will execute our trade.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my prediction and analysis.
#GOLD M30 Technical Analysis Expected Move.
CADJPY Bounce off Demand Zone?This is a head up! I shall be watching this pair closely. The plan will be to open a LONG position when I get the close of an hourly candle showing a bounce to the upside. This is consistent with the 4H and Daily trend direction. I shall be waiting for a pin bar, engulfing or tweezers. I shall place the stop below the zone at about 107.55. If the price drops below the zone that this idea will be scrapped.
NOTE. Canadian CPI is due for release 12:30 GMT TODAY so I will NOT be opening a position until after this data release.
HUM Long 11/10/24Asset Class: Stocks
Income Type: Weekly
Symbol: HUM
Trade Type: Long
Trends:
Short Term: Up
Long Term: Down
Set-Up Parameters:
Entry: 251.55
Stop: 227.76
TP1 321.05 (3:1)
Trade idea:
Daily DZ DBR at breakout, with a FVG above it at 1:1 RRR. Possible trend reversal at the daily DZ
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
LIQUIDITY CONCEPT MODULEToday, I’m focusing on identifying potential buying opportunities in this trade. I'm analyzing market trends, recent price movements, and key support levels to determine the best entry point. I'm particularly interested in signs of bullish momentum, such as increased volume or positive news catalysts that could drive the price higher. By keeping a close eye on technical indicators and market sentiment, I'm aiming to position myself strategically for a favorable trade outcome. So wait and watch when price enter into our zone and which trade market will give to us.
Always use proper money management and R:R ratio.
Always use stoploss for your trade.
# USDJPY 4H Technical Analyze Expected Move.
XAU/USD getting ready for another rally?Gold appears to be generating significant liquidity, suggesting a potential setup for another rally to the upside. We’re seeing liquidity engineering, which points toward the possibility of gold making a push to retest all-time highs.
I’m watching for a chance to capitalize on this move. There’s a 1-hour demand zone just below a pool of liquidity that has recently triggered a change of character (CHOCH) to the upside. I’ll be looking for price to mitigate that demand zone before taking liquidity higher.
Confluences for Gold Buys:
- Gold is consolidating, likely preparing for a breakout.
- Trendline liquidity to the upside still needs to be taken.
- The 1-hour demand zone has caused a CHOCH to the upside.
- Gold remains bullish, aligning with the overall trend.
- The US Dollar Index (DXY) is showing signs of bearishness from its supply zone, supporting the bullish outlook for gold.
Note: If price continues to drop and fails to hold at the 1-hour demand zone, I’ll anticipate it to fill the imbalance below and mitigate the 10-hour demand zone. This area is another point of interest where a potential bullish rally for gold could form.
GBPJPY Buy analysisGJ created a demand OB at approximately 190.300. After that we had a push towards the upside reaching app. 193.00. As price went down, a potential supply OB was created which would be our target due to the confluence of equal highs created right under it. Price pushed further mitigating the 190.300 OB and created a new one once it reacted off of it (This was our entry DOB). Right before the asian session an area of sell-side liquidity was created and our asian session created highs and lows which also acted as liquidity. Right after the asian session, price swept the Asia low liquidity as well as the sell-side liquidity and tapped into the second DOB, This is where we entered. The target was simply imbalance that was made by the push towards the DOB, then the Asia high liquidity and finally the equal high liquidity. Trade went to TP and went even further, pushing through the Supply OB which was our TP.
GOOG (Google) Short Idea**STOCKS VS USD & TREASURY BONDS - Currently Oversold signaling a bearish sentiment.
Supply and Demand Analysis:
>Price already took the daily Supply Zone but the PRICE GAP is not yet filled.
>Price could fill the Gap first before a bearish move filling orders on multiple price gaps below
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
EUR/USD Buys from 6hr demand at 1.11200EUR/USD (EU) Analysis:
I’m expecting price to move down slightly to sweep the liquidity resting at the equal lows. Once those lows are taken, I anticipate price to slow down and begin accumulating in my 6-hour demand zone, where I’ll be looking for potential long opportunities. This aligns with the current bullish trend, making it a pro-trend setup.
If price moves up without sweeping the equal lows, I’ll shift my focus to selling from the 16-hour supply zone above. For now, EU is caught between areas of liquidity, so I’ll wait until midweek to assess where it stands before making a decision.
Confluences for EU Buys:
- There’s significant liquidity above the demand zone, which is a positive signal.
- The demand zone has led to a break of structure to the upside.
- The overall trend remains bullish, supporting this pro-trend idea.
- The (DXY) continues to show bearish momentum, which supports a bullish EU outlook.
There are still imbalances and liquidity above that need to be filled.
Note: Price has already reacted to the 4-hour supply zone I marked last week, which could be causing this minor pullback towards the 6-hour demand zone.
Have a great trading week, everyone!