tokelohomi
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Looking at gold

Price successfully respected the 4h fair value gap and we have a shift. Currently anticipating a flip to the order block in order to active sellers for a bearish market.
Bearish move corrected, now we are seeking shorts

Managed to reach our target from the previous trade and now we are gathering a clean rejection from the 4h rejection block, which is in alignment with this 30m supply zone. The focus is now on this emerging bearish market, currently waiting for the current 4h candlestick to close in about to hours so that we can get quite a clear confirmation to go short. Looking for price to clear 2405.00 swing low with a body closure to indicate a shift and confirm this potential bearish market. Should we get this confirmation, then the entry will be between prices 2410.00 and 2420.00 with stop loss slightly about the previous higher high. Ultimately we target the 4h demand zone at 2365.00, also cautious of the internal demand zone which should be regarded as a trap for early buyers. For now we practice patience…
Correcting the bearish move

On the previous week price printed a one directional movement to the downside, before respecting the 4h rejection block the market started to consolidate and slightly pushed up to fill the fair value gap in order to continue with the bearish move. We now have a shift, anticipating a corrective move to activate the order block at 2376.50 and we are targeting the supply zone at 2426.50…
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