Daily Analysis - 06/06/2024 - The Modern Day Trader
Spotlight Pair: USDZAR - Short
- Daily IRL (Fair Value Gap) currently holding with a failure to invert yesterday and a large wick to the upside today indicate bearish pressure.
- 1H Market Maker Model with 2 clear corrections before the current pending market structure shift.
- M15 inverted fair value gaps which are already indicated an imminent sell off.
Be mindful of a mitigation of the 4H fair value gap and then price trading higher around tomorrow's (07/06/24) true open as a strong indication of price heading lower.
Sam
The Modern Day Trader
- Daily IRL (Fair Value Gap) currently holding with a failure to invert yesterday and a large wick to the upside today indicate bearish pressure.
- 1H Market Maker Model with 2 clear corrections before the current pending market structure shift.
- M15 inverted fair value gaps which are already indicated an imminent sell off.
Be mindful of a mitigation of the 4H fair value gap and then price trading higher around tomorrow's (07/06/24) true open as a strong indication of price heading lower.
Sam
The Modern Day Trader
Nota
Bias on USDZAR has shifted as we got that Daily inversion of the Fair-Value Gap!- Price has not mitigated the 4H bullish Fair Value gap which I now see holding.
- Look for a 15M Market structure shift our of this area to position yourself long.
- Confluences: Run of time-based liquidity into key level and a sell off after daily true open.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.