Gold showing us a daily PCL sweep. initially we want to see FVG forming on the 1h or 15m timeframe. Which so far are not happening.
This could be an indication, that there won't be enough power to push price higher!
Waiting on extra confirmations at this stage is crucial. You don't just want to go in on a sweep itself.
The trend remains bearish, so sells keep on being favourable. Again, also here, we need to have a good confirmation.
1. breaking the low again
2. forming FVG's
3. failing to push price higher with FVG's
Have a good trading day!
This could be an indication, that there won't be enough power to push price higher!
Waiting on extra confirmations at this stage is crucial. You don't just want to go in on a sweep itself.
The trend remains bearish, so sells keep on being favourable. Again, also here, we need to have a good confirmation.
1. breaking the low again
2. forming FVG's
3. failing to push price higher with FVG's
Have a good trading day!
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Price just had to make a correction after last weeks bullish run!
We just swept a weekly, daily and 4h high! A beautifull target could have been this 4h FVG, however price sometimes doesnt give you a good entry to sell from!
This 4h FVG is very interesting to look out for! It has a fair value area inside and also a nestled area, making this fvg a very strong buy zone!
As we are daytrading, we wait for a confirmation on the 5 or 15m timeframe from here!
We just swept a weekly, daily and 4h high! A beautifull target could have been this 4h FVG, however price sometimes doesnt give you a good entry to sell from!
This 4h FVG is very interesting to look out for! It has a fair value area inside and also a nestled area, making this fvg a very strong buy zone!
As we are daytrading, we wait for a confirmation on the 5 or 15m timeframe from here!
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you guys prefer a video or a written text about the last trade set-up?
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Double closed bodies on the higher time frames could harvest a lot of liquidity!
This can be seen here! Price was giving a good amount of volume after consolidating a bit around this key point.
The result is 2x 5m FVG's forming out of these closed 4h bodies + 1x 15m FVG, which ended up being a sharp turn!
15m FVG going in, 15m FVG going out!
The only thing we do is set and forget on the 15m FVG. An initial entry could have been taken on the second 5m FVG here, but price already up to fill the first 15m FVG against us.
Advantages:
Double closed body of 4h
volume with 2x 5m FVG
Volume with 1x 15m FVG
Sharp turn (fvg in, fvg out)
Dissadvantage:
15m FVG against us which not yet fullly dissrespected.
Counting both the advantages and dissadvantages helps you get an edge. Trading remains a game of probabilities! Keep being consistent and use the right amount of advantages!
This can be seen here! Price was giving a good amount of volume after consolidating a bit around this key point.
The result is 2x 5m FVG's forming out of these closed 4h bodies + 1x 15m FVG, which ended up being a sharp turn!
15m FVG going in, 15m FVG going out!
The only thing we do is set and forget on the 15m FVG. An initial entry could have been taken on the second 5m FVG here, but price already up to fill the first 15m FVG against us.
Advantages:
Double closed body of 4h
volume with 2x 5m FVG
Volume with 1x 15m FVG
Sharp turn (fvg in, fvg out)
Dissadvantage:
15m FVG against us which not yet fullly dissrespected.
Counting both the advantages and dissadvantages helps you get an edge. Trading remains a game of probabilities! Keep being consistent and use the right amount of advantages!
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Lower time frame analysis.
Wanted to see one of the green lines being taken out with a full body closure + FVG. The green line was the defence for bearish and bullish. The 50/50 zone has now been broken with a potential way up towards daily highs.
Price not going up strong, so momentum is gathering. SL placement is exactly below the low, as this should be holding for now, if not potential downside is way bigger.
SL just 200 points
TP 800 points
Way to running the game
Wanted to see one of the green lines being taken out with a full body closure + FVG. The green line was the defence for bearish and bullish. The 50/50 zone has now been broken with a potential way up towards daily highs.
Price not going up strong, so momentum is gathering. SL placement is exactly below the low, as this should be holding for now, if not potential downside is way bigger.
SL just 200 points
TP 800 points
Way to running the game
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Long time no see guys! Back on the chart, so let me throw out some updates
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Trades of this morning
Price came from a daily sweep, so initially I thought price to be bullish and go to the 4h FVG.
However on the 1h, the FVG did not create a new FVG, so it failed to push higher. Instead it swept the 4h HIGH which was the Asian high.
Price started to give a 15m FVG out of this sweep, meaning we got a lower time frame confirmation of going down lower!
Important for each trade: HAVE A CLEAR TARGET IN MIND! Which was the double body close of the 4h. Unfortunately we did not fully hit this trade, but we managed to catch 2x 400 points on the same movement!
Higher time frame touched + lower time frame confirmation + no strong resitance + clean target = good trade
Price came from a daily sweep, so initially I thought price to be bullish and go to the 4h FVG.
However on the 1h, the FVG did not create a new FVG, so it failed to push higher. Instead it swept the 4h HIGH which was the Asian high.
Price started to give a 15m FVG out of this sweep, meaning we got a lower time frame confirmation of going down lower!
Important for each trade: HAVE A CLEAR TARGET IN MIND! Which was the double body close of the 4h. Unfortunately we did not fully hit this trade, but we managed to catch 2x 400 points on the same movement!
Higher time frame touched + lower time frame confirmation + no strong resitance + clean target = good trade
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Current situation on gold!
We're coming from a 1h FVG, in which you can clearly see that the wicks below are not being dissrespected by a body closure below them.
The 4h asian high sweep should have made price move below this level, yet it failed to do so!
As one of the last remaining defences of going up, we encounter this 15m FVG. But here price already tapped into the zone and then closed with a full body above the first candle going in the FVG.
Giving us the confirmation of going higher towards a potential daily FVG.
Trading is not difficult, you just need to know where to look for!
We're coming from a 1h FVG, in which you can clearly see that the wicks below are not being dissrespected by a body closure below them.
The 4h asian high sweep should have made price move below this level, yet it failed to do so!
As one of the last remaining defences of going up, we encounter this 15m FVG. But here price already tapped into the zone and then closed with a full body above the first candle going in the FVG.
Giving us the confirmation of going higher towards a potential daily FVG.
Trading is not difficult, you just need to know where to look for!
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Good outlook on the gold chart today!
So what is happening here. We went into a 4h fair value gab with 2 candles. the second candle swept the previous candle low and with this, hit the fair value area also called orderblock/breaker block etc..
A 4h fvg confirmation can be entered with a strong 5m fvg or 2x a 5m fvg. The best entry from a 4h, is a 15m FVG, which is being seen here. Currently a 15m fvg is still holding but we have some resistance of a 1h fvg. This 1h fvg however didnt gave any strong 5m FVG's downward, meaning, bullishness is more likely.
Moral of the story, you don't need any difficult trading strategy or indicators to tell you what the market is doing. Just focus on the FVG'S and you will be all set to know where the market is most likely to go to.
So what is happening here. We went into a 4h fair value gab with 2 candles. the second candle swept the previous candle low and with this, hit the fair value area also called orderblock/breaker block etc..
A 4h fvg confirmation can be entered with a strong 5m fvg or 2x a 5m fvg. The best entry from a 4h, is a 15m FVG, which is being seen here. Currently a 15m fvg is still holding but we have some resistance of a 1h fvg. This 1h fvg however didnt gave any strong 5m FVG's downward, meaning, bullishness is more likely.
Moral of the story, you don't need any difficult trading strategy or indicators to tell you what the market is doing. Just focus on the FVG'S and you will be all set to know where the market is most likely to go to.
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The Asian low on gold gave a reaction. The first time it hit this low, a good buy entry was possible.
However, the price completely failed to push price above the highs. And as we're still in a daily FVG, which makes us consider price to remain bearish.
Now price went all the way back below the 4h low and created a 5m FVG. showing sellers are in control.
On the 4h you can see a double closed body which is a beautifull target for sells. As there must be liquidity laying there.
Failure of zones + confirmation of sellers taking control gives a good bias for trades
However, the price completely failed to push price above the highs. And as we're still in a daily FVG, which makes us consider price to remain bearish.
Now price went all the way back below the 4h low and created a 5m FVG. showing sellers are in control.
On the 4h you can see a double closed body which is a beautifull target for sells. As there must be liquidity laying there.
Failure of zones + confirmation of sellers taking control gives a good bias for trades
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