For the readers’ benefit:

Price action confirmation: Simply means traders will likely wait for price action to confirm a level by consuming an 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:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: Price is currently trading within weekly demand at 1.32940-1.34847, and at the time of writing, buyers have been seen showing most of the interest, if price is intent in trading higher, the first trouble area for the buyers seen on this timeframe is weekly supply at 1.36995-1.35844.
  • Daily timeframe: Current trading action is seen between the daily level of interest below at 1.33559 and a daily decision-point area at 1.34433-1.34202. A break above could see prices testing the daily D/S flip area at 1.34760-1.35265 consequently proving buying strength from the daily level of interest (levels above), conversely any bearish action would likely see price trading back down to the aforementioned daily level of interest.

The market opened at 1.34254, ever since then price has resumed trading under the 4hr decision-point area at 1.34433-1.34305. Technically not a lot has changed since the last analysis, and this was to be expected as Monday’s sessions can be a tad slow! Today’s action should see some more movement as there are a few more high-impacting news announcements due.

Our analysis remains pretty much the same as the last, but is still considered valid, and the levels noted within it are still well worth watching:

Price is now currently trading around a small 4hr decision-point area at 1.34433-1.34305, which is conveniently located within the daily decision-point area at 1.34433-1.34202.

So essentially, we are waiting for a decision to be made on this pair, a break above the aforementioned 4hr decision-point area, would likely mean a test of the 4hr D/S flip area at 1.34760-1.34943 would likely be seen (this area is also neatly located within a daily D/S flip area at 1.34760-1.35265), and also confirm buying strength from the higher-timeframe areas mentioned above. Conversely, a healthy bearish reaction seen here could push prices down to the round number 1.34, a break below there could very likely seal the deal for a move down to the aforementioned daily level of interest (see above [daily-timeframe analysis]), so do be on the lookout for this.

Pending/P.A confirmation orders:

  • No pending buy orders (Green line) are seen in the current market environment.
  • New P.A confirmation buy orders (Red line) are seen just above the round number1.34 at 1.34048.The reason for placing a P.A confirmation buy order here is simply because there is no logical area that is not too far away for a stop-loss order. A reaction could be seen here due to where price is presently located on the higher timeframes (Weekly demand: 1.32940-1.34847).
  • Pending sell orders (Green line) are seen just below the D/S flip area (1.34760-1.34943) at 1.34753.The reasoning behind setting a pending sell order here was because this is the area we believe on this timeframe pro money sellers made the decision to push prices south into (what was at the time) 4hr demand at 1.33984-1.34404, with the possibility of unfilled sell orders still waiting there.
  • The pending sell order (Green line) set just below a decision-point area (1.34428-1.34305) at 1.34266 is now active, so do keep an eye on our first take-profit level set at the round number 1.34.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

EURUSD 4HR

Quick Recap:

A strong push has been seen past the round number 1.34 up to the 4hr decision-point area at 1.34433-1.34305 where our pending sell order set just below at 1.34266 was filled. A decision needs to be made on this pair, a break above this area would prove medium-term buying strength and see price testing the 4hr D/S flip area above at 1.34760-1.34943, conversely a move to the downside could push prices back down to the daily area of interest at 1.33559, if price were to overcome the round number 1.34 first which, coincidentally is our first take-profit level from our current active short order (level above).

  • Areas to watch for buy orders: P.O: No pending buy orders are seen in the current market environment. P.A.C: 1.34048 (SL: Dependent on 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: 1.34753 (SL: 1.35031 TP: Dependent on price approach) 1.34266 (Active) (SL: 1.34459 TP: [1] 1.34 [2] 1.33846). P.A.C: No P.A confirmation sell orders are seen in the current market environment.

 

GBP/USD:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: A decline in value has been seen over the past few weeks within weekly supply at 1.76297-1.67702, which has seen price trade into weekly demand at 1.66917-1.67939.  If a push much higher is seen from here, this could indicate potential weakness within the weekly supply area. However, a break below this weekly demand area will likely indicate selling strength and we should then at least expect lower prices to around the weekly demand area at 1.64589-1.66339.
  • Daily timeframe: Price has traded right into a daily demand area at 1.67367-1.68440 which is neatly located around the weekly demand area (levels above). If buying interest is seen from here, the first point of trouble we see is the daily R/S flip level at 1.68963. Conversely if we see a break below this area, this could indicate potential weakness from the weekly demand area (levels above). So, it may be worth keeping a close eye on price action around here during the week.

The market opened at 1.68234, with no real action being seen thus far, this was to be expected as Monday’s sessions are notoriously slow.

With the higher-timeframe picture still in mind (see above), the buyers and sellers are seen battling it out deep within 4hr demand at 1.68013-1.68585 which is neatly located around both the daily demand area at 1.67367-1.68440 and also around the base (top) of weekly demand at 1.66917-1.67939. So, a break below the aforementioned 4hr demand area and the round number 1.68 lurking below would see price trading deeper into the higher-timeframe demand areas mentioned above, and likely see prices testing the 4hr demand area seen lower down at 1.67389-1.67561.

Pending/P.A confirmation orders:

  • The pending buy order (Green line) set just above the decision-point area (1.68013-1.68585) at 1.68631 is now active, so do keep an eye on our first take-profit level set at 1.69214.
  • Pending buy orders (Green line) are seen just above 4hr demand (1.67389-1.67561) at 1.67601. The reason for setting a pending buy order here is because if price reaches this far south, we are then located deep within not only weekly demand at 1.69917-1.67939, but also daily demand at 1.67367-1.68440 making it very likely we will see some sort of a reaction north here.
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • Pending sell orders (Green line) are seen just below the decision-point area (1.69939-1.69663) at 1.69626. We have set a pending sell order here due this being the area pro money made the push below (what was at the time) 4hr demand at 1.69512-1.69708, so there may very well be unfilled sell orders left there.
  • P.A confirmation sell orders (Red line) are seen just below a 4hr decision-point area (1.68919-1.68789) at 1.68747, our reasoning behind setting an order such as this here is simply because we are currently trading in and around higher-timeframe demand (Weekly: 1.66917-1.67939 Daily: 1.67367-1.68440) at the moment, essentially meaning price could blow straight through this 4hr area with relative ease.

GBPUSD 4HR

Quick Recap:

Indecision between both buyers and sellers is apparent (spikes seen in both directions) within the 4hr demand area at 1.68013-1.68585. Price is now situated in and around higher-timeframe demand (Weekly: 1.66917-1.67939 Daily: 1.67367-1.68440), so higher prices should essentially be expected. However a break below this 4hr demand area would see prices likely drop to a 4hr demand area below at 1.67389-1.67561 which is very deep within the aforementioned higher-timeframe areas (see above for the levels).

  • Areas to watch for buy orders: P.O: 1.68631 (Active) (SL: 1.67932 TP: [1] 1.69214 [2] 1.69497) 1.67601 (SL: 1.67314 TP: Dependent on price approach). P.A.C: No P.A confirmation buy orders are seen in the current market environment.
  • Areas to watch for sell orders: P.O: 1.69626 (SL: 1.70063 TP: Dependent on price approach).  P.A.C: 1.68747 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).

 

AUD/USD:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: Price is still seen in a consolidation with the upper limits at 0.94600 and the lower around the 0.92046 area. Last week saw sellers becoming quite aggressive if we compare to the last three weekly candles. Could we see a drop down the lower limits of this consolidation area this week?
  • Daily timeframe: A positive daily close below the 0.93208 level happened on Thursday, with price seen successfully retesting it as resistance on Friday. This break south was important as price had previously been ranging between the aforementioned daily low and daily supply above at 0.95425-0.94852 for a good few weeks. The sellers are currently seen retesting this level once more, if a move south is seen during the week, we may see a push to the downside towards daily demand at 0.92046-0.92354. A new daily supply area has come to light at 0.94729-0.94175, the reason for this is we have seen proof of selling strength on this timeframe from the breakout south of the range mentioned above, and this daily supply area is the overall origin of the move south in our opinion.

The market opened at 0.93047, and the buyers were relatively active from the start as price has been pushed up to the 4hr D/S flip area at 0.93208-0.93417 where we are currently seeing selling interest form

Technically there has not been much change to current price action, our previous analysis still holds considerable weight though, and is worth remembering.

Considering we have just broken south out of a daily range (see above for details), and successfully at the time of writing are appearing to retest the lower edge (now resistance) once more, lower prices could well be seen on the 4hr timeframe to the round number 0.93, and possibly down to the 4hr decision-point area at 0.92566-0.92736. If a break south of both these levels are seen, a 4hr level of interest just below at 0.92384, which is conveniently located just above dally demand at 0.92046-0.92354 will likely be tested

However, we should also consider the fact that the breakout of the daily range low (0.93208) could have well been a fakeout, and pro money has used the 4hr decision point area (levels above) to help facilitate this, and the way this will be proved correct is if we see a push above the 4hr D/S flip area at 0.93208-0.93417 during the week sometime.

Hopefully we will see some more movement today since there are a few more high-impacting news announcements due out today.

Pending/P.A confirmation orders:

  • No pending buy orders (Green line) are seen in the current market environment.
  • The P.A confirmation buy order (Red line) set just above the decision point level (0.92566-0.92736) at 0.92775 is now active, we want to see the buyers positively close price above the 4hr D/S flip area above at 0.93208-0.93417, this will show genuine strength and we will then strongly consider setting a pending buy order awaiting a possible return.
  • No pending sell orders (Green line) are seen in the current environment.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

AUDUSD 4HR

Quick Recap:

The buyers were in full steam as soon as the market opened, a push up to the 4hr D/S flip area at 0.93208-0.93417 was seen with sellers now beginning to show some interest. If a close above the aforementioned 4hr D/S flip area happens, this will likely indicate buying strength which will be good for our recently triggered P.A confirmation buy order (0.92775), conversely a push to the downside could happen likely pushing price down to around the round number 0.93, a break below here, and prices could very well test the 4hr decision-point area at 0.92566-0.92736 for a second time. If a break south of both these levels are seen, a 4hr level of interest just below at 0.92384, which is conveniently located just above dally demand at 0.92046-0.92354 will likely be tested

  • Areas to watch for buy orders: P.O: No pending buy orders seen in the current market environment.  P.A.C: 0.92775 (Active-awaiting confirmation) (SL: Dependent on 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: 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.

 

USD/JPY:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: Price remains capped between the long-term weekly R/S flip level at 101.206, and the weekly supply area above at 105.432-104.065.
  • Daily timeframe: The three spikes seen above the daily resistance level at 102.713 possibly consumed the majority of the sellers around this area, which likely cleared the path up to around daily supply at 104.104-103.802; however, price could see a sell off due to pro money liquidity requirements (not enough sellers to buy into) before this area gets hit.  Two areas of demand where price could decline to have caught our eye, the first being a near-term daily S/D flip area at 101.962-102.257, and the second, the dally demand area much lower at 100.747-100.967 before a stronger advance is seen, so do be prepared for this to possibly happen sometime soon.

Buying pressure was seen literally as soon as the market opened at 102.495 and price traded up to a minor 4hr S/R flip level at 102.714 where selling interest has begun to be seen.

Taking into consideration the bigger picture for a moment (at least on the daily timeframe), a bearish reversal is expected before one can expect higher prices. Now, we can assume a lot of buyers got stopped out around the 4hr S/D flip area (levels above) with their stops being set just below, but would these sell orders (stops from traders attempting to go long) be enough liquidity for pro money to buy into to push prices much higher? That is the big question, we believe doubtful, as price has not even touched the daily S/D flip area at 101.962-102.257 on the daily timeframe yet (see above on the daily timeframe analysis for details). With this in mind, we are seriously looking at the 4hr decision-point area lower down at 102.027-102.080 where the sharp burst of buying began, and as added confluence, this area is beautifully located around the daily S/D flip area just mentioned, so all in all, a fantastic area to keep an eye on during the week.

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen just above the decision-point level (102.027-102.080) at 102.100. We have set a pending buy order here since this remains the place on this timeframe where pro money likely made the decision to push price up so aggressively, which indicates the strong possibility that unfilled buy orders may still be present and active here.
  • 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.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

USDJPY 4HR

Quick Recap:

Once the market opened, the buyers were seen pushing price up to a minor 4hr S/R flip level at 102.714 where active sellers seemed to have been waiting. We are still watching the 4hr decision-point area lower down at 102.027-102.080 where the sharp burst of buying began, and as added confluence, this area is beautifully located around the daily S/D flip area at 101.962-102.257, so all in all, a fantastic area to keep an eye on during the week.

  • Areas to watch for buy orders: P.O: 102.100 (SL: 101.971 TP: Dependent on price approach).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: No P.A confirmation sell orders are seen in the current market environment.

 

EUR/GBP:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: A push up from just above weekly demand at 0.79631-0.78623 towards weekly supply at 0.80328-0.79780 has been seen. We have seen pro money do this time and time again, they turn price just before an important area essentially creating a ‘dummy’ demand area (in this case), only to use this area later for liquidity to fake out below into the true area of weekly demand (levels above), so do be aware of this. If we see a positive close above the aforementioned minor weekly supply area, we will then re-evaluate as this indicates serious buying strength to us.
  • Daily timeframe: A small push above the daily S/R flip level at 0.79751 has been seen from daily demand below at 0.78862-0.79206. The daily supply area sitting just above is where we are going to be watching this week at 0.80328-0.80024 as this is very deep within the aforementioned minor weekly supply area. If we see a daily close above this area, it would likely indicate that a fakeout occurred below the daily demand area at 0.78862-0.79206, and we could indeed be heading much higher from here, nonetheless, we expect a good fight to be put up by the sellers before a close above this area is seen!

Ever since the market opened at 0.79681 trading action has been confined within the 4hr supply area at 0.79795-0.79684. Technically, price action has not changed much at all since the last analysis and we still expect the following to happen:

The sellers around the aforementioned 4hr supply area are likely consumed now due those spikes/wicks above, we may have just been given an early indication that higher prices are likely to be seen as the path is now possibly clear up to at least the big figure 0.8, or even 4hr supply above at 0.80264-0.80133 as this round number is begging to be faked past up to true 4hr supply just mentioned. All this means really is we are likely going to trade deeper into the minor weekly supply and hit daily supply within (see above for details).

However before this happens we should be prepared for a decline in value down to around a beautiful-looking 4hr decision-point area at 0.79240-0.79408 as pro money may not have the liquidity for a further push up, hence the need to drop price lower to entice sellers to join, and then begin buying into these sells are we drop down to the aforementioned 4hr decision-point area.

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen just above demand (0.78602-0.78320) at 0.78641. The reasoning behind setting a pending buy order here is due to its current location on the higher timeframes. This 4hr demand area is just above daily demand at 0.78117-0.78533 and also just within the upper area of weekly demand at 0.76931-0.78623.
  • Pending buy orders (Green line) are seen just above a decision-point area (0.79240-0.79408) at 0.79427. The reasoning behind placing an order such as this here is because this is likely the area on the 4hr timeframe where pro money made the decision to shoot prices north so aggressively likely indicating unfilled buy orders are remaining.
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • Pending sell orders (Green line) are seen just below a supply area (0.80264-0.80133) at 0.80110 as this is very likely the area where price will be brought too, not to mention it is a perfect place to be faked out into past the round number 0.8.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

EURGBP 4HR

Quick Recap:

Exactly the same as the last analysis:

A push north has been seen up and slightly past the 4hr supply area at 0.79795-0.79684, the spike seen above this area has likely cleared supply, and we could now see higher prices up to at least the round number 0.8, and even the 4hr supply above at 0.80264-0.80133. However we should be prepared for a decline in value to around the 4hr decision-point area at 0.79240-0.79408 beforehand, as pro money may not have the required liquidity for a push straight up to the aforementioned 4hr areas.

  • Areas to watch for buy orders: P.O: 0.78641 (SL: 0.78288 TP: Dependent on price approach) 0.79427 (SL: 0.79215 TP: Dependent on price approach). P.A.C: No P.A confirmation buy orders are seen in the current market environment.
  • Areas to watch for sell orders: P.O: 0.80110 (SL: 0.80295 TP: Dependent on price approach) P.A.C: No P.A confirmation sell orders are seen in the current market environment.

 

USD/CAD:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: The buyers look as though nothing will stop them as they are pushing price higher into weekly supply at 1.09592-1.08133. If we see a break of the weekly supply area, things will start to get very interesting as we believe the profit potential to the upside is huge.
  • Daily timeframe: Price is seen trading around the base of a daily supply area 1.09592-1.09156 with very little selling interest being seen at the moment. we are expecting lower prices from here as price is trading very deep within a weekly supply area just mentioned above, if however a break higher is seen, prices could likely be forced to test the oncoming daily supply area at 1.10522-1.10133, but for the time being, price remains capped between the daily supply area at 1.09592-1.09156 and a daily S/R flip level below at 1.08277.

There was little to no selling interest seen at the open (1.09126) as buyers took full control pushing price back up to around the 4hr decision-point area at 1.09470-1.09354 where sellers are beginning to show interest.

We said we were going to watch price action at the open, although buying pressure was seen, it looked relatively weak in our opinion, and we expect some bearish price action to present itself at the aforementioned 4hr decision-point area which seems to be the case at the moment.

Here is an important snippet from the last analysis which we still believe is important:

Considering we are now trading within not only weekly supply, but also around daily supply as well (see above for levels), we expect to see lower prices from here down to at least the 4hr R/S flip level at 1.08696, and with some effort, a push down to the 4hr S/D flip area at 1.08250-1.08123.

Pending/P.A confirmation orders:

  • No pending buy orders (Green line) are seen in the current market environment.
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • The pending sell order (Green line) set just below a decision-point area (1.09470-1.09354) at 1.09314 is now active, our first take-profit level has been hit already at 1.09, so do keep an eye on our second take-profit level set at 1.08696.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

USDCAD 4HR

Quick Recap:

Once the market opened at 1.09126, a relatively weak-looking rally was seen back up to the 4hr decision-point area at 1.09470-1.09354. We still expect to see lower prices down form where price is trading at the moment to at least the 4hr R/S flip level at 1.08696, and with some effort, a push down to the 4hr S/D flip area at 1.08250-1.08123.

  • Areas to watch for buy orders: P.O: No pending buy orders seen within the current market environment. P.A.C: No P.A confirmation buy orders seen within the current market environment.
  • Areas to watch for sell orders: P.O: 1.09314 (Active) (SL: 1.09527 TP: [1] 1.09 [2] 1.08696 [3] 1.08250). P.A.C: No P.A confirmation sell orders seen within the current market environment.

 

USD/CHF:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: A bearish pin bar has been recently seen around the weekly decision-point level at 0.90927, could we possibly see lower prices from here?
  • Daily timeframe: A healthy-looking push down from daily supply at 0.91556-0.90985 was seen down to the daily S/D flip area at 0.90372-0.90042. If we saw a break south of this level, this would likely indicate lower prices would eventually be seen, but as we can all see this did not happen. For the time being, on this timeframe we are going to wait for a break of either of the aforementioned areas, this will give us a good indication of where price is likely headed on this timeframe. Concerning the weekly pin bar, so far we see no path clear for lower prices yet, as all we see on the daily timeframe is price being sold into daily demand (levels above).

Technically, not much has changed since the last analysis, so here is a reminder of what we likely expect to happen concerning this pair.

The round number 0.91 proved to be an awesome level to go short at, we were expecting price to reach the 4hr supply area at 0.91329-0.91141 just above, but unfortunately this was not seen. A push down to the 4hr S/D flip area at 0.90372-0.90148 happened on Friday, and (like the daily timeframe – see above) this gives us very little information as to whether the weekly pin bar is a genuine one or not, as all we can see is price has traded directly in an area of4hr demand (levels above).

This week we will be watching two levels on this pair (0.90215…..0.91329-0.91141), for a reaction or a break, a break would give us a short-term an indication as to where prices will likely move to, so for instance, if we see a convincing break below the 4hr decision point level at 0.90215, the weekly pin-pin is likely genuine, and we emphasize the word likely here,  we can then expect lower prices to be seen to around the round number 0.9, or with some effort the 4hr decision-point area at 0.89540-0.89614, but as always one has to expect a retracement before these aforementioned areas are hit.

Something else we see that is interesting on this chart, the round number 0.91 has likely been consumed of supply, so the path is possibly clear up to the aforementioned 4hr supply area. If price does trade back up to this round number, expect a fakeout above it to 4hr supply, as there will be millions of traders attempting to short the round number with their stops directly located just below the 4hr supply area!!! These stops will then be buy orders once triggered, which pro money will no doubt sell hard into bringing price south once again.

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen just above the decision-point level (0.90215) at 0.90233. The reasoning behind placing a pending buy order here is simply because this is the area on the 4hr timeframe where pro money buyers likely made the decision to break above the 4hr supply area at 0.90372-0.90148, hence the possibility there may still be unfilled buy orders lurking around this level.
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • Pending sell orders (Green line) are seen just below the 4hr supply area (0.91329-0.91141) at 0.91113. The reason we have placed an order such as this is due its higher-timeframe location (Weekly decision-point level 0.90927).
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

USDCHF 4HR

Quick Recap:

Price reacted beautifully off of the round number 0.91, which means our pending sell order set just below 4hr supply (0.91329-0.91141) at 0.91113 was not filled. Overall, we are going to be watching two 4hr areas (0.90215…..0.91329-0.91141)  for a reaction or a break this week which will likely give us a heads up as to where price is headed next on the 4hr timeframe.

  • Areas to watch for buy orders: P.O: 0.90233 (SL: 0.90117 TP: Dependent on price approach). P.A.C: No P.A confirmation buy orders seen in the current market environment.
  • Areas to watch for sell orders: P.O: 0.91113 (SL: 0.91359 TP: Dependent on price approach). P.A.C No P.A confirmation sell orders seen in the current market environment.

 

XAU/USD:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: Price still remains capped between weekly supply at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.08. the sellers appear in control at the moment, which should be the case really, as price has just recently traded out of the aforementioned weekly supply area.
  • Daily timeframe: A close below the daily ignored decision-point level at 1292.52 has been seen, and price came within a few pips of touching a major daily S/R flip level below at 1277.36 before rallying north where a retest of the ignored daily decision-point level is currently taking place (level above). Price for the time being remains capped between both of the areas just mentioned above, if we see a positive close above or below either of them, we will then have more of an indication as to where price is likely headed next.

Trading action has been awfully slow; here is a reminder of what we likely expect to happen:

Price has reacted beautifully out of the 4hr S/D flip area at 1284.77-1280.53 making a high of 1296.91. Unfortunately price did not trade above the high marked with a green flag yet at 1297.20, as this would likely indicate higher prices were to be seen, as the majority of the sellers would possibly be consumed. So, if we push higher, a pending buy order will be set in place of the current P.A confirmation buy order (1285.71), if we push lower below the aforementioned 4hr S/D flip area, we will then be watching the 4hr demand area at 1258.40-1264.53.

Pending/P.A confirmation orders:

  • No pending buy orders (Green line) are seen in the current market environment.
  • The P.A confirmation buy order (Red line) set just above the S/D flip area (1284.77-1280.53) at 1285.71 is now active, the buyers will need to prove this area by consuming some or most of the sellers around the high marked with a green flag at 1297.20, a pending buy order will then be set awaiting a possible return.
  • 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.

GOLD 4HR

Quick Recap:

Price has reacted beautifully out of a 4hr S/D flip area at 1284.77-1280.53, but has yet to push above the high marked with a green flag at 1297.20, so no pending buy order can be set yet. For this pair, we have very little choice but to wait to see how price action unfolds, if we push higher, a pending buy order will be set in place of the P.A confirmation buy order (1285.71), if we push lower below the aforementioned 4hr S/D flip area, we will then be watching the 4hr demand area at 1258.40-1264.53.

  • Areas to watch for buy orders: P.O: No pending buy orders seen in the current market environment.  P.A.C: 1285.71 (Active-awaiting confirmation) (SL: Dependent on 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: 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.