For the readers’ benefit:

Price action confirmation: simply means traders will likely wait for price action to confirm a level by consuming the opposing supply or demand area, then entering a trade on a possible retracement, this may occur on the lower timeframes also.

Pending orders: means pending orders are likely seen.


EUR/USD:

Weekly TF.

Price still remains trading within weekly demand seen at 1.34770-1.36771. No break was seen of the previous weekly high or low (1.36688/1.35124) with price closing just below the round number 1.36000 at 1.35997.

Supply at 1.42470-1.38580 is currently capping price to the upside, and demand below at 1.34770-1.36771 is capping price to the downside.

eurusdweekly

Daily TF.

The previous week’s trading action has shown there to be active buyers within daily demand at 1.34770-1.35557, which is also situated deep within weekly demand (1.34770-1.36771) as mentioned above.

Price remains capped between the daily demand area just mentioned (1.34770-1.35557) and supply above at 1.37342-1.36890. Anything in between here is secondary and considered insignificant on this timeframe.

If a break below demand (levels above) is seen, this would likely force price to test demand below at 1.33995-1.34385, which is situated within weekly demand below the current one at 1.32953-1.34869 (see above). Conversely a break above supply may clear the path for a test of the S/R flip level seen at 1.37931.

eurusddaily

4hr TF.

The long-term bias still remains long due to the higher timeframes being seen trading around demand as explained above. However, on the 4hr timeframe, we are capped between demand below at 1.35036-1.35312 and supply above at 1.36666 (minor resistance) with the round number 1.36000 lurking in between.

A break above supply (1.36666) is more likely to happen before we see a break of demand below at 1.35036-1.35312. If a break above does indeed happen, price will likely test the lower of the two stacked supply areas at 1.37235-1.37005 where a reaction/bounce may be seen to the downside.

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen around demand (1.33995-1.34298) at 1.34368.  This demand area will more than likely see some sort of reaction due to its location seen to the left.
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • Pending sell orders (Green line) seen at 1.36955 just below supply at 1.37235-1.37005 are set here since this level remains untouched, meaning unfilled orders are likely still set around this area.
  • P.A confirmation sell orders (Red line) are visible below the minor resistance 1.36666 at 1.36625, this level has proved valid in the past, but still needs to be confirmed due to a spike/wick (circled) seen above resistance, which may have consumed most of the sellers originally there. Do be on your guard with the sell orders above; the higher-timeframes are currently indicating that higher prices may be seen this week (Weekly demand: 1.34770-1.36771 Daily demand: 1.34770-1.35557).

eurusdh4

Quick Recap:

Price will likely remain trading within where price is currently capped (Supply: 1.36666 Demand: 1.35036-1.35312).  Our confirmation sell order at 1.36625 sitting just below the supply area just mentioned above may be hit, as it is very doubtful price will break either one of capped areas (levels above) anytime today.

  • Areas to watch for buy orders: P.O: 1.34368 (SL: 1.33926 TP: Dependent on how price action approaches the zone) P.A.C: No P.A confirmation orders seen in the current market environment.
  • Areas to watch for sell orders: P.O: 1.36955 (SL: 1.37270 TP: [1] 1.36666 [2] 1.36000) P.A.C: 1.36625 (SL: 1.36810 TP: Dependent on where price ‘confirms’ the level).

 

GBP/USD:

Weekly TF.

Much the same as Friday’s analysis, the buyers were seen making an advance towards weekly supply at 1.76290-1.70490, a small reaction has been seen forming what the majority of traders may call an ‘indecision candle’.

Any long trades taken on the lower timeframes will now have to be done with caution as well-funded long-term traders may be looking to short this area, or even liquidate their long positions here, thus creating a sell off.

gbpusdweekly

Daily TF.

The daily timeframe shows the buyers have attempted to consume some of the sellers around daily supply at 1.70410-1.68880 with two wicks/spikes being seen above it.

As already mentioned above, weekly timeframe supply (1.76290-1.70490) has just been hit, so this break of daily supply (levels above) could just be a fakeout to stop out sellers, and break out buyers, for the overall bigger push down.

The weekly close came in at 1.70135 just above the big figure number 1.70000, meaning if the two wicks seen above daily supply (levels above) was indeed a fakeout, the first trouble area would in fact be the round number just mentioned above, and then eventually the S/R flip level just below at 1.69210, So, it will be interesting to see what price action unfolds this coming week.

gbpusddaily

4hr TF.

A Sharp decline was seen on Friday, right into the round number 1.70000, with a slight bullish reaction being seen.

Traders will need to be very careful going long around this big figure level (level above) as already explained above, we are currently trading at the base of weekly supply (1.76290-1.70490) so price could turn bearish at any time without warning! So, as always expect the unexpected!

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen at 1.67610 just above demand at 1.67378-1.67583. A pending order is valid here due to the momentum away from the demand area, indicating orders may be left unfilled here.
  • P.A confirmation buy orders (Red line) are seen just above the round number 1.68000 at 1.68038. A reaction may be likely here because of the way pro money used this level to rally prices higher with force, a quick change in direction like this likely indicates pro money activity, thus, all of their orders may have not been filled at that time. The reason a pending order is not used here is because pro money, on a regular basis perform deep stop hunts around big figure levels (1.68000), and these tails/wicks can be huge sometimes, hence the need to wait for confirmation.
  • P.A confirmation buy orders (Red line) are seen just above minor support (1.69431) at 1.69482. A reaction north is likely to be seen here, however we are currently seeing higher-timeframe supply being hit on the weekly timeframe at 1.76290-1.70490, hence the need for a confirmation buy order, rather than a pending buy order.
  • The P.A confirmation buy order (Red line) set just above the round number 1.70000 at 1.70034 is now active. For this level to be confirmed, buyers will need to rally price and consume the majority of sellers around the high marked with an x at 1.70597, a pending buy order can then be set, awaiting a possible retracement.
  • No pending sell orders (Green line) are seen in the current market environment.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

gbpusdh4

Quick Recap:

The confirmation buy order seen just above the round number 1.70000 at 1.70034 has been hit, buyers will need to rally price from here to confirm this level, however do be aware, we have just hit higher-timeframe weekly supply at 1.76290-1.70490 so a sell off could be seen very soon, so do remain vigilant!

  • Areas to watch for buy orders: P.O: 1.67610 (SL: 1.67345 TP: [1] 1.68000 [2] 1.69000 [likely to be changed, depending on price approach]). P.A.C: 1.68038 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed). 1.69482 (likely to be set at 1.69176 TP: Dependent on approaching price action after the level has been confirmed) 1.70034 (Active-awaiting confirmation) (SL: likely to be set at 1.69811 TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O: No pending sell orders seen in the current market environment. P.A.C: No P.A confirmation sell orders seen in the current market environment.

 

AUD/USD:

Weekly TF.

Price has not seen much change since the last weekly analysis, as price continues to consolidate in and around the weekly S/R flip level at 0.93718. Keep watching this consolidated area for a positive break either above or below the limits, because this may give us an idea on possible long-term direction.

audusdweekly

Daily TF.

The daily timeframe shows sellers seem to be struggling to keep control around the daily supply area at 0.94468-0.93758, with the buyers appearing too strong on this occasion.

A piece from last week’s analysis that is worth remembering:

The circled wick to the left could be a sign that the aforementioned supply area is weak. This spike could have likely consumed the majority of sellers in and around this area, indicating pro money may likely push prices higher to at least fresh supply above at 0.95434-0.94862 which may even be a fakeout to push prices lower, only time will tell.

audusddaily

4hr TF.

There were clearly active sellers around the highs marked with an x at 0.94299 as a beautiful bearish reaction was seen.

This however, does not mean the highs above at 0.94613 will not be hit, as this could still be beneficial for pro money, as they still may decide to fake these highs up to the next set of highs at 0.94613 (circled to the left). If we think about this logically for a moment, there are clearly sellers at the highs marked with an x (0.94299), this means there will also be buy stops just above the actual high at 0.94375, and also breakout buyers’ orders, with the high at 0.94613 being seen just above this is a perfect fakeout zone for pro money as they need all those buy orders to sell into! So do be on your guard for this to possibly happen sometime this week.

Price is currently capped between supply at 0.94299 and demand (D/S flip area) at 0.93186-0.93345. A break below this demand area will possibly force price to test the round number below at 0.93000, conversely, a break above supply (highs) would likely see price testing the oncoming highs at 0.94613 marked with a circle to the far left.

Pending/P.A confirmation orders:

  • No pending buy orders (Green line) are seen in the current market environment.
  • P.A confirmation buy orders (Red line) are seen at 0.92231 just above demand at 0.92037-0.92203. It would be too risky to set a pending order around this area, since deep spikes into this demand zone have been seen (levels above) possibly consuming the majority of buyers in the process.
  • P.A confirmation buy orders (Red line) are visible just above the round number 0.93000 at 0.93025. We require confirmation of this level because previous price action has warned us deep tests both north and south happen on a regular basis, hence the need to wait for confirmation rather than getting stopped out time after time through lack of patience.
  • Pending sell orders (Green line) are seen at 0.94447, if price manages to get up to this level, active sellers are likely waiting because of how quickly price changed in direction, only pro money have the account size to do this, indicating unfilled sell orders may still be unfilled there.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

audusdh4

Quick Recap:

The weekly timeframe shows price is currently consolidating around weekly resistance at 0.93718 and the daily timeframe shows price is currently trading within weak supply at 0.94468-0.93758.  Today, price will likely remain trading between the highs/close at 0.94375/0.94299 and demand (D/S flip area) below at 0.93186-0.93345, with a break above the highs (level above) being more likely before we see a break of demand (levels above) below, due to weak daily supply (levels above) as explained in the detailed analysis above.

  • Areas to watch for buy orders: P.O: No pending orders are seen with current price action. P.A.C: 0.92231 (SL: more than likely will be at 0.91984 TP: Dependent on approaching price action after the level has been confirmed) 0.93025 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O: 0.94447 (SL: 0.94667 TP: Dependent on approaching price action). P.A.C: No P.A confirmation sell orders seen in the current market environment.

 

USD/JPY:

Weekly TF.

On the weekly timeframe, price still remains trading above the S/R flip level at 101.254, with no attempt to break below seen yet.

The recently closed weekly candle, formed what the majority of traders call an ‘indecision candle’ with no break of the previous weekly high/low (102.650/101.606) being seen.

Price still remains capped between supply above at 105.441-104.075 and demand below (S/R flip level) at 101.254, with the long-term bias still being seen as long on this timeframe.

usdjpyweekly

Daily TF.

Price is currently capped between demand (S/D flip area) at 101.532-100.787 and supply (minor resistance) at 102.645 with an attempt to break either area not yet being seen.

A break below the S/D flip area (levels above) could force price to test demand at 99.571-100.255, this could be a lovely demand area to help facilitate a fakeout of the weekly S/R flip level support on the weekly timeframe at 101.254. A break above daily -timeframe minor resistance at 102.645 may see buyers pushing price all the way up to supply at 104.114-103.812.

usdjpydaily

4hr TF.

Price remains capped between the decision point seen above (supply) at 102.367, and demand below at 101.427-101.660. At the time of writing, it is very difficult to guestimate which area will likely see a break first on this timeframe, as we have not got much information from the higher timeframes regarding possible direction (see above). The safest bet at the moment would be to play the limits where price is capped (levels above), but do remain vigilant to the fact a break of either one of these areas is possible (levels above) anytime during the week.

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen deeper within demand (101.427-101.660) at 101.542. A pending order is valid here since pro money are frequently seen testing deeper in confirmed demand areas such as this, for active buyers.
  • No P.A confirmation buy orders (red line) are seen in the current market environment.
  • Pending sell orders (Green line) are visible at 102.980, deep within supply (103.055-102.742), this area may well appear to be weak now, but the way price reacted at the circled area within supply indicates pro money activity, meaning sell orders may be left unfilled there, so a pending sell order is permitted.
  • Near-term pending sell orders (Green line) are seen at 102.367. A pending order is valid here since this is the area where pro money made the ‘decision’ to take prices lower into demand (101.427-101.660), unfilled sell orders were likely left there in the process.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

usdjpyh4

Quick Recap:

Price is currently capped between the decision point (supply) above at 102.367, and demand below at 101.427-101.660. A break of these areas are very unlikely to be seen today, however a re-test of the decision point may happen soon, which will subsequently fill our pending sell order at 102.367 which was so very nearly filled last week!

  • Areas to watch for buy orders: P.O: 101.542 (SL: 101.389 TP: 102.000 but may well change if the market sees any new developments) P.A.C: No P.A confirmation buy orders are seen in the current market environment.
  • Areas to watch for sell orders: P.O: 102.980 (SL: 103.108 TP: 102.117, but may well change if the market sees any new developments) 102.367 (SL: 102.458 TP: Dependent on how price action approaches this area). P.A.C: No P.A confirmation sell orders are seen in the current market environment.

 

EUR/GBP:

Weekly TF.

Even though we are in higher-timeframe demand at 0.79596-0.80299, the sellers were still active, take a look at the most recently closed weekly candle, notice the wick? This indicates the possibility a break below this weekly demand area (levels above) may be seen sometime soon.

eurgbpweekly

Daily TF.

Active buyers were seen within daily demand at 0.79282-0.79649; however, sellers were also active at the same time causing price to form wicks and tails in both directions. If buyers do regain control here, the first trouble area on the horizon is supply (D/S flip area) at 0.80348-0.80576.

If a break below demand (levels above) is seen, price could be forced to test major support below at 0.77533 (not seen on the chart); conversely, a break above supply (levels above) may see price testing oncoming supply at 0.81497-0.81048.

eurgbpdaily

4hr TF.

Friday’s analysis reported the following:

If price manages to get back down to the ‘decision point’ area (marked with a horizontal level) at 0.79689, we may see pro money fake past this level into true demand at 0.79405-0.79552. Consequently, this will stop out the majority of the buyers around this area, giving pro money their stops which would be sell orders, for them to buy into, thus supplying the pros with the liquidity they need to push prices higher.

Price did indeed manage to get back down to the decision point area at 0.79689 (marked with the arrow furthest to the right), but there was clearly enough unfilled buy orders remaining there, as no fake below this level into demand (0.79405-0.79552) was seen.

Not all is lost though! Considering we are in higher-timeframe demand on both the daily and the weekly timeframes (levels above), albeit possible weak demand, price on the 4hr timeframe could very well still fake the decision point area at 0.79689 into demand below at 0.79405-0.79552, as the buy orders that were there may not have been enough to fill pro money’s requirements, so a retest may be in order.

Pending/P.A confirmation orders:

  • A pending buy order (Green line) has been set at 0.79580 just above demand at 0.79405-0.79552. The rationale behind this is because buyers have likely consumed the majority of the sellers lurking around supply (D/S flip area) at 0.80053-0.80176, likely clearing the path for higher prices. A small retracement will possibly be seen to collect more buyers for a rally higher, thus triggering our pending buy order.
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • No pending sell orders (Green line) are seen in the current market environment.
  • P.A confirmation sell orders (Red line) under the S/R flip level 0.81403 at 0.81393 is an area where a reaction is likely, however there were too many wicks north seen marked with arrows, indicating sellers are drying up, thus, the need to wait for more confirmation.
  • P.A confirmation sell orders (Red line) are seen just under supply (0.80869-0.80771) at 0.80752. Confirmation orders were used here because price is trading around a weekly demand area (0.79596-0.80299), which means price could easily consume this supply level as the higher timeframes usually overrule the lower timeframes.
  • P.A confirmation sell orders (Red line) are seen just below supply (0.80647-0.80583) at 0.80293. Confirmation orders were used here because price could easily consume this supply level as we are currently deep within a weekly demand area (0.79596-0.80299), which means price could easily consume this supply level as the higher timeframes usually overrule the lower timeframes.

eurgbph4

Quick Recap:

With price being seen in higher-timeframe demand (Weekly: 0.79596-0.80299 Daily: 0.79282-0.79649), we may see higher prices soon, however, do be aware these higher-timeframe demand areas are not portraying bullish strength at the moment. Price will likely see a bearish reaction off of the round number above at 0.80000, then drop hard towards demand at 0.79405-0.79552, thus filling our pending buy order set at 0.79580.

  • Areas to watch for buy orders: P.O: 0.79580 (SL: 0.79368 TP:  [1] 0.80000 [2] 0.80583 [May change if any new developments in the market are seen]) P.A.C: No P.A confirmation buy orders are seen in the current market environment.
  • Areas to watch for sell orders: P.O: No pending sell orders are seen in the current market environment. P.A.C: 0.81393 (SL: Will be likely set at 0.81564 TP: Will be likely set at the round number 0.81000) 0.80752 (SL: likely to be set at 0.80900 TP: Dependent on where price ‘confirms’ the level) 0.80293 (SL: likely to be set at 0.80648 TP: Dependent on where price ‘confirms’ the level).

 

USD/CAD:

Weekly TF.

Wow! Sellers were well and truly in control last week, breaking the S/R flip level support at 1.08438, and closing just above weekly demand (1.05609-1.07372) at 1.07573.

usdcadweekly

Daily TF.

The daily timeframe shows sellers broke minor support at 1.08142 and closed below this area with a full-bodied bearish candle. A retest of this area may be seen before a likely drop to the downside towards demand at 1.05883-1.06779 happens.

usdcaddaily

4hr TF.

Chart 1 below shows there was no hope for any of the buyers around the round number 1.08000.

Chart 1:

usdcadh4 chart 1

Pending/P.A confirmation orders:

  • No pending buy orders (Green line) are seen in the current market environment.
  • The P.A confirmation buy orders (Red line) set just above the round number 1.08000 at 1.08024 has been cancelled. Price dropped too far from the confirmation entry level, and buyers made no attempt to push prices higher.
  • New P.A confirmation buy orders (Red line) set just above the S/R flip level (1.07266) at 1.07325. A pending order set here would be dangerous due to there being no logical area to place one’s stop-loss order.
  • The pending sell order (Green line) set just below supply (1.10039-1.09875) at 1.09851 has been removed, since price moved too far away from the entry level.
  • Pending sell orders (Green line) are seen at 1.08975, within supply (1.08907-1.09047) just below the round number 1.09000. A pending sell order is permitted to be set here since the sellers confirmed this area from the previous confirmation sell order that was originally set at 1.08876 by consuming the majority of the buyers situated in and around demand below at 1.08142-1.08330 (Seen on Thursday 19th June daily analysis).
  • New pending sell orders (Green line) are seen within the decision point supply area (1.08251-1.08164) at 1.08226. Pending orders are valid here due this likely being the work of pro money, the momentum out of the zone is only caused by traders with big accounts, and when pro money move the market, all of their orders here were unlikely to have been filled, hence a pending order being logical here.
  • The P.A confirmation sell order (Red line) set just below the S/R flip level (1.09408) at 1.09361 has been removed, since price moved too far away from the entry level.

Chart 2 below shows the alterations which have had to be made. A new decision point area (supply) is seen at 1.08251-1.08164 has formed; this is an important area of interest as this is where pro money made the ‘decision’ to push price down hard.

The 4hr S/R flip level seen at 1.07266 is around the base of weekly demand at 1.05609-1.07372 (see on the weekly chart), meaning this area is definitely one to watch during the week!

usdcadh4 chart 2

Quick Recap:

On the weekly timeframe, price is currently heading south towards weekly demand (1.05609-1.07372), whilst on the daily timeframe a minor support level (1.08142) has seen a break south. The 4hr timeframe shows near-term demand (S/R flip level… 1.07266) level where we have a confirmation buy order set at 1.07325, while near-term supply is seen above at 1.08251-1.08164 where we have a pending sell order set within at 1.08226.

  • Areas to watch for buy orders: P.O: There are no pending buy orders seen within the current market environment. P.A.C: 1.07325 SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O:1.08975 (SL: 1.09059 TP: 1.08330 [May change if any new developments in the market are seen]) 1.08226 (SL: 1.08357 TP: Dependent on approaching price action) P.A.C: There are no P.A confirmation sell orders seen within the current market environment.

 

USD/CHF:

Weekly TF.

Stacked demand is seen below at 0.85500-0.82750 and 0.85670 – 0.88360, whilst stacked supply is also seen above at 0.99160 – 1.00530 and 0.99710 – 0.97460.

Technically, nothing much has changed on the weekly timeframe, price seems to be consolidating just above demand at 0.85670-0.88360, with buyers and sellers both showing little interest at the moment.

usdchfweekly

Daily TF.

The marked arrows on the chart resemble where supply has been likely cleared, the next fresh supply area is at 0.91563-0.90844. Price will likely see a decline in value to around the S/R flip level at 0.88501 before any higher prices are seen as pro money likely need logical demand to move prices higher.

usdchfdaily

4hr TF.

The buyers were certainly in control towards the end of last week from demand at 0.88973-0.89168; however sellers did make an appearance late Friday reacting off of the lower limits of the mini range (0.90116/0.89643).

Price will likely see more of a decline in value this week since there is no logical demand left on the higher timeframes other than the nearest one being at the daily S/R flip level (0.88501).

Pending/P.A confirmation orders:

  • No pending buy orders (Green line) are seen in the current market environment.
  • P.A confirmation buy orders (Red line) are seen just above the daily S/R flip level (0.88501) at 0.88533. This level needs to see some confirming price action before any entry is placed in the market, due to their being no logical area for a stop loss order.
  • Near-term P.A confirmation buy orders (Red line) are seen within demand (0.88973-0.89168) at 0.89029, just above the round number 0.89000, as price may retrace to demand to collect unfilled orders deeper within this area.
  • The pending sell order (Green line) visible at the base of supply (0.90381-0.90033) just above the round number 0.90000 at 0.90063 still remains active. The first target has been hit at 0.89168, we are allowing our final position to run, giving price room to move and hopefully hit our final target at 0.88501.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

usdchfh4

Quick Recap:

Not much information to go by on the higher timeframes, well, nothing giving us any indication of possible direction, the weekly timeframe has however reacted out of demand (0.85670-0.88360), but over the previous few weeks, the buyers have shown little interest in taking things higher. The daily timeframe indicated price may drop further to at least the daily S/R flip level at 0.85501 as there is no logical demand seen to take prices any higher. We still have a pending sell order live in the market up from 0.90063; we still believe price has more to the downside as most of the buyers should now have been consumed in and around demand at 0.88973-0.89168 leaving the path clear until at least demand at 0.88656-0.88816.

  • Areas to watch for buy orders: P.O: There are no pending buy orders seen in the current market environment. P.A.C: 0.88533 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed) 0.89029 (SL: likely to be set at 0.88784 TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O: (Active – 1st target hit) 0.90063 (SL: 0.90412 TP: [1] 0.89168 [2] 0.88501) P.A.C: There are currently no P.A confirmation sell orders seen in the current market environment.

 

XAU/USD (GOLD)

Weekly TF.

There is an obvious decision point area seen at 1242.76 that is worth noting down for future buying opportunities which is between supply above at 1495.00-1419.68 and demand below at 1156.85-1194.53. Buyers remained in control for the majority of last week, with little to no interest shown by the sellers on this timeframe.

xauusdweekly

Daily TF.

Look at the strength of that daily candle! Price was able to move this far due to supply already being consumed to the left, notice how the wicks consumed supply as price moved down (marked with arrows), little selling pressure – big buy orders = a full bodied candle such as this. This momentum candle traded right into supply at 1331.13-1318.24 where the sellers started to show interest, albeit not a lot of interest, but there was some. Traders should be careful here though, as all this could have been is traders taking profit on the recent move up, so do not be fooled!

A new decision point area (demand) at 1258.86-1270.52 has been formed due to this momentum seen last week, pro money only have the accounts to move price like this, hence there may be unfilled buy orders still there.

xauusddaily

4hr TF.

Chart one below shows how price consumed supply at 1314.49-1309.37, giving the sellers no chance!

Chart 1:

xauusdh4 chart 1

Pending/P.A confirmation orders:

  • The pending buy order (Green line) set above demand (1231.56-1237.57) at 1238.61 has been removed due to price moving too far away from the entry level.
  • New pending buy orders (Green line) are seen within demand (S/D flip area… 1284.88-1280.74) at 1282.82. We have set a pending buy order here due to the fact there was a decision made here (marked by the black horizontal level, when decisions are made by pro money, they may be unfilled buy orders left there, hence the fact we have set our pending order there.
  • Pending buy orders (Green line) are seen just above demand (1258.57-1265.27) at 1268.91. We are permitted to set a pending buy order here as the buyers have consumed sellers within supply above at 1293.47-1285.52 as per the previous confirmation buy order originally set at 1266.00 (See Thursday 19th June).
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • The pending sell order (Green line) set just below supply (1314.49-1309.37) at 1307.85 has been stopped out (See Friday’s analysis for the corresponding chart).
  • New pending sell orders (Green line) are seen just below the supply/decision point (1331.13-1327.42) at 1325.90. A pending sell order was set here because this area is deep within daily supply (1331.13-1318.24) and the momentum away from the area indicates unfilled orders may well be left there.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

Chart two below shows the alterations that have been made. Supply at 1314.49-1309.37 is now demand, a new decision point (supply) has been spotted above at 1331.13-1327.42 which is located deep within daily supply at 1331.13-1318.24 (see above).

Price now remains capped between supply above at 1331.13-1327.42 and demand (S/D flip area) below at 1314.49-1309.37.

xauusdh4 chart 2

Quick Recap:

The Daily timeframe currently shows price is trading with supply at 1331.13-1318.24, and the 4hr timeframe shows price is currently trading in between supply at 1331.13-1327.42 and demand below at 1314.49-1309.37. Price will likely see a small rally up to the 4hr supply area just mentioned, filling our pending sell order set at 1325.90, before lower prices are seen.

  • Areas to watch for buy orders: P.O: 1268.91 (SL: 1264.30 TP: Dependent on approaching price action) 1282.82 (SL: 1275.12 TP: Dependent on approaching price action). P.A.C: There are currently no P.A confirmation buy orders seen in the current market environment.
  • Areas to watch for sell orders: P.O: 1325.90 (SL: 1332.71 TP: Dependent on approaching price action).   P.A.C: There are currently no P.A confirmation sell orders seen in the current market environment.