Bullish channel intact. Price sitting at the Watch Zone around $4120 after a clean push through the highs this week.
Two scenarios I'm monitoring into the weekly close and next week open:
Scenario 1: Watch Zone holds. Channel continues. Next logical target above $4170.
Scenario 2: Retracement first. Daily Imbalance cluster at $4040-$4035 with Fib 0.618 confluence becomes the area of interest. If price gets there and the LTF confirms, that's the long set-up before continuation.
Scenario 3: Deeper retracement toward H1 Imbalance at $4010 and Fib 0.786 remains on the radar if $4040 doesn't hold.
H1 bias remains bullish. Higher highs, higher lows, channel structure intact.
As always, this is not a prediction. These are the levels I'll be reacting to.
Give this post a rocket boost if you want updates in the notes as price develops.
Trade safely, God bless!!
Two scenarios I'm monitoring into the weekly close and next week open:
Scenario 1: Watch Zone holds. Channel continues. Next logical target above $4170.
Scenario 2: Retracement first. Daily Imbalance cluster at $4040-$4035 with Fib 0.618 confluence becomes the area of interest. If price gets there and the LTF confirms, that's the long set-up before continuation.
Scenario 3: Deeper retracement toward H1 Imbalance at $4010 and Fib 0.786 remains on the radar if $4040 doesn't hold.
H1 bias remains bullish. Higher highs, higher lows, channel structure intact.
As always, this is not a prediction. These are the levels I'll be reacting to.
Give this post a rocket boost if you want updates in the notes as price develops.
Trade safely, God bless!!
Заметка
I had no time to take it but the 9 AM candle already gave a clean 1:2 trade. Always trade at session opening for the best in and out with 1:2 - 1:3 trades and sometime you might surprise yourself and catch 1:10 with the proper take profit management.
Заметка
This was the plan trade I shared at 11 am AEST, I literally got wicked out at 11:30 am AEST by the volume spike coming from Shanghai or Shenzhen or even Honk Kong exchange, I can't remember which one.
They have been quiet for a long time but last year and the years before this was a really high probability kill zone for liquidity grab model. Worth noting and keeping an eye out.
If you took the same trade entry with a bigger S/L and you are still in, I'll watch out for the next level at $4106. From here you should be at 150 pips profit already, so move your S/L to 100 pips and T/P at $4106 area or Full T/P here as the trade plan was.
Always painful to get wicked out by 10 pips BUT that's when you need to keep your emotions controlled...one trade per session, that's it for me.
Trade safely, God bless!
Заметка
The bigger picture
Сделка активна
Good morning everyone
Yesterday saw another +800 pips move and the price is now sitting right above the $4040 level mentioned in yesterday's outlook.
As always, it will either be seeking the liquidity above left yesterday or it will keep going down to re-balance the books from previous days.
Trade safely, God bless!!
Заметка
Market Outlook | 26 July 6 pm AEST
Good morning all!
I hope the weekend was a blessed one with family and friends!
Price closed Friday at $4055 after hitting the Fibonacci Golden Ratio and producing a reaction (caught live at Frankfurt open) and it is now sitting in the lower range of a potential bullish structure (Impulse wave 3).
Levels I'll be watching going into the open tomorrow:
For Long:
Watch Zone: $4040
Friday Low: $4022
Watch zone + H1 Imbalance: $4010
For Short:
Friday High: $4082
Watch Zone: $4090
H4 Imbalance + 0.618 Fib: $4112
Watch Zone: $4150
Two paths into Monday:
1 Price holds above $4055 and reclaims the imbalance cluster above the filled imbalance at $4076.
Or the gap filled at $4076 is sending the price to lower liquidity.
LTF breakdown and live session for Foundation members tomorrow morning once the market goes live.
Plan. Watch. React.
Have a great evening/day!
God bless.
Сделка закрыта: достигнута тейк-профит цена
Time to close that trade, a few intraday day entries were given and targets achieved, I hope you all enjoyed.See you for the next one!
Free Discord: discord.gg/vfXTGJMZMq
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Free Discord: discord.gg/vfXTGJMZMq
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.