I want to see price drop down to that Order Block and then rally up to clear the buy side liquidity and fill the Fair Value gap resting above that high that was created.
I’m looking to be Bullish on GU, This is not a signal but rather use it as a reference for your own trading! Let’s see how the market plays out!
I want to see USDJPY Move to these areas, Buy at your own risk and use proper risk management Let me know when you guys are in profit What you also want to keep in mind is that if UJ is going up then XAU is going to be going down which it has been doing today !
1.21150 & 1.21100 are 2 key significant levels as you’ve seen in the past , the market has recently came down and wicked that general area & moved away ... GBPUSD will go up to grab the resting liquidity above the previous highs.
I honestly think XAU is going to rise for today, Why? Because i looked at the U.S. 30 Year Treasury Bond and saw that the market came up to the order block around 26668 and is currently dancing around that general area(Im looking at it from a 4hr perspective) Im expecting it to possibly climb a tad bit higher and then drop therefor causing The DXY to follow suit...
There are a couple things that make me think XAU is a sell 1. US30 is Ready for a little retracement 2. DXY has a gap to fill 3. There is a Bearish Engulfing on the 4hr 4. Theres alot of liquidity waiting to be grabbed on the downside So therefor i do believe XAU is a short term sell
So based off me and my partners analysis we think USDJPY will climb up just a tad bit closer to 111.550 and then drop again for a sell
There are equal lows waiting to get violated and when i drew my fibs the market came perfectly up to my 79% Level and rejected
So i drew my fibs and the market tapped my OTE already and rejected right off of it so i do beleive there is a short opportunity still available cause there are equal lows that do need to get cleared as well
Came up and Kissed that 62% Retracement and now if you draw the fibs from the low to the that newly created high. I personally think the market will come down to 1.30300 and kiss that OB at the institutional level to buy at a Deep Discount
So, based on my mark up, i drew my fibs from the previous Swing Low to the Current Swing High and i believe that the market will come down to the 62% - 79% Retracement Zone where this Daily OB resides and if you look closely you'll realize the open of this OB is around the Institutional Level 1.11200, where i think there will be a rejection and then a move to the upside.
Based on my mark up, I feel it may come back down to grab some more liquidity but if not then UJ already tapped the 79% Retracement Level & i feel it Is almost Ready to blast off! Let me know what you guys think!