Okay, what's going on everybody? Welcome to a price action session. It is currently around pre-London hours, September 11th.
That's the date today, September 11th, Friday, 2.30 a.m. Eastern. We're just going to be taking a look at some of the economic events we have, some of the market sentiment or what market sentiment is showing us, I mean, alongside price action and market structure to see any potential trade ideas we can take advantage of over London session. as per scalp so you guys know how this runs um before we get into it let's just see what we have going on tonight from an economic data perspective can you guys hear me you guys can hear me and see the screen fine right gj right now chas disabled one sec why is it always disabled Oh, the guys should be good. Yeah.
All right. Chat should be good. You guys can hear me.
Yeah, you can see the screen as well. All right. So before we jump into it, let's just see what events we have going on to close the week off, mainly UK GDP figures.
So time's up. Well, it already came out. It's already done.
That was at two in the morning. Okay. So the GDP figures, but they're pretty much on target. Nothing too crazy, a bit better than expected on the manufacturing output. GDP on the three month and the yearly was a bit off compared to what the poll was expecting.
So nothing too crazy. That data release has already been done. What else we got going on? Just US core CPI in the morning.
Okay. So no other data. The GDP data is fairly neutral. We'll just look at the headlines quickly as well to see, because I'm seeing some headlines about some political speakers talking about that data.
You guys can see the news screen right now, right? All right, cool. So let's zoom in a bit so you guys can read this.
UK Finance Minister Sanak, well today's figures are welcome. I know that many people are rightly worried about the coming months, so a little bit of negativity. UK Office for National Stacks, car sales are starting to exceed pre-crisis levels, that's a good sign.
Trade balance, not bad. Construction output was better than expected. Manufacturing, manufacturing was better than the poll than expected. Industrial output, All areas of manufacturing, office for national stats says all areas of manufacturing, particularly distillers and car makers saw improvements, while house building also continues to improve. So the data looks like it's being taken as neutral to more positive, especially from what we're seeing about these comments from the UK office of national stats.
Education grew strongly as some children returned to school. July GDP is now 18.6% higher than its April 2020 low. All right, not too much else.
Some German figures. Philippines, we don't care about that. China finance ministry, nope, nope. All right, not too much else, but if anything pops up, I will share with you guys. but it's looking like that data is being taken as fairly optimistic just that short-term data so let's just look at the market structure on gj just because we don't have too much too much else going on what's the date today september 11th i think we should stay away from you i still am in more of a euro buy um sentiment but we have a lot of ecb speakers overnight so we just have to be cautious about that Through the morning as well.
A lot of them actually. God damn. All right.
I was just looking at the structure. Okay. So let's look at GJ here. So GJ, of course we know the cells ran great.
We are in cell embarrassed structure, but you can see we peaked around a low level at around one 35.5 and we are having some corrective action or we can at least get some corrective action of this overall impulsive move, which was about like a 250 pip drop. So even if we pull up to like 136.5 or around like this medium term zone and psychological price level, 136.8, GJ would still be fairly bearish as that data was also. taken as a bit stronger and I'm noticing some lower time frame bullish structure and this hourly candle has yet to create a top wick. If it can create that top wick and then London comes to grab liquidity and still remains above 136, I think we can take some corrective buys to the upside just to close off the week and give GJ that end of a week pullback. But I want to take a look at the yen and euro and UK equities first as well.
just to see how the futures are going well it's obviously futures we look at all the time but yeah after this impulsive move we know gj is in bear structure we've been following along there still is that brexit negativity but i just want to see um i just i just see that potential for a scalp that if we hold the structure on the lower time frame and we come above the psychological price level we can take that like 30 pip squeeze up to 136.5 and monitor the trade that way so Obviously, the lower timeframes overall are very bearish and you have these sellers impulsive moves. We are seeing some minor corrective action being formed here, right? Some lower timeframe bullish structure being formed here.
So we can see some price sensitivity at a psychological price level of 136.2. I think safer sells for us would be below 135.8 because let's just say this corrective action is as is. It's not going to have a deeper pullback.
like sellers are going to start to jump in the market. If we fail to break these previous price sensitivity highs and come below 136, that's more higher risk cells. And then of course, below 135.8 having a shift into some bear structure and then riding that wave down, we can look for those cells as overall. GJ is very bearish on an intraday perspective as we've been following the Brexit negativity and we've been playing with the sellers down, right?
Like we've already called that. but it is coming towards the end of the week. When I'm looking at those headlines, it is giving a bit of optimism of the UK data.
Brexit headlines are fairly quiet for now, even though there's a bit of pressure. So if we can maintain the structure and come above 136.2, this previous sensitivity area, we can take that buy squeeze up to, there was more negativity last night. There was EU pressure last night. Yeah, I know. And that's obviously been priced in, right?
Like, that's what I'm saying. Like, that's obviously where all this came from. If those events happened last night, they were probably already priced in a day or two ahead, like as GJ has been melting from its peak point. Why would it get, why would it have like an impact after the fact? Like, I would need some more.
I would need some more fresh headlines or like otherwise I'm just playing with these options you know yeah like we've been we shared all those headlines like in the chat like we were watching them that's why we've been playing the gj styles well at what point what point are you trying to make I'm talking about when we were looking at like the the newsroom right now for the last few hours There wasn't any negative headlines in just recent headlines. There's just that little bit of positivity from the UK stats office talking about the GDP data, right? We know that Brexit negativity is still present, but we're looking at the structure and seeing what we can adapt to right now.
Because if this structure holds and we have that influence of... stronger economic data for now towards the end of the week and price comes above 136.2. As scalpers, we can take that squeeze up, which is 30 pips to 136.5. Otherwise, if we fail to break that high, and this was the corrective action, as overall, we are still very bearish, and there's still a lot of sellers pressure higher timeframe on GBP, JPY, then of course, we can sell below 136 or 135. 0.8 to be safer down that 30 pip range as scalpers. Right now, we're in a bit of a decision area between 136 and the bullish structure and this peak point on the lower timeframe where buyers have been rejecting right at 136.2.
So I don't really want to play in the mess right now and play a guessing game because price can do either or, and we can get a deeper pullback. And we do have some of that stronger data that just got released with some. of the UK National Stats Office.
So I'd rather observe the price action accordingly, just because we are still like respecting this lower timeframe structure. And I wait for that. So yeah. So what were you talking about? But yeah, I don't know.
What'd you just send me? You sent me some chat to join. I can't even join that.
Like we know about the negative Brexit headlines. We share them like we share them. would you just explain what you're trying to say but yeah that's what i'm looking for on gj so does that make sense to everybody else though all right just as we've had such a strong meltdown you can see very strong seller impulsive moves this is corrective action right now but as scalpers we have the potential for because because think about it Personally, if I was a seller, I would want better risk versus reward and want better sell entries anyways, because if G because GJ overall is bearish and from an intraday perspective, we're playing the cells, right?
We're overall playing the cells and we understand why. So it would be better for us anyways, if GJ does a bit of a pullback and pulls back to like test this previous low point and then sellers jump in from there as your overall following the structure still, you know? It's annoying bro, what's this guy sending me? But yeah, that's what I'm looking for there.
This guy thinks we don't know about what's going on with Brexit, like we just guest sells for fun, you know? Man, sending me some next news article. It's like we got a news terminal.
Yeah, we just throw dices. But yeah, so I'm just waiting. So for GJ, we're going to wait for that.
We're going to see if we get some sellers impulsive candles and a break below 136. And we can start to ride down to 135.8 or below there. You know what I mean? Yeah, we just throw dices. All right, that's that's that for uh, gj so Just observe that and monitor that as well.
I'll tell you guys if there's any headlines that come up actively All right. Let's take a look at gold now So gold what we do want to notice is that we do have um stronger buyers impulsive candles and some of the us dollar strength was starting to get a bit faded out, especially when we started to peak the previous 92.75. That's when we got to bounce back to test previous highs.
But you can see buyers still have failed to go and test those previous highs. And we're remaining below 93.3, which can still give a bit of a bullish confluence on gold, as well as we have some buyers impulsive candles, and we're retesting this previous price sensitivity area here. where buyers failed to break multiple times last week and then we had the impulsive break there that's where we're creating a bit of a lower time for an intraday time frame support and we have potential to extend back up and revisit some of these highs or even go to like 1947 so i would only really look for cells below 1939.5 but we are seeing some minor lower time frame bearish structure here which we're just going to identify which looks like it's breaking to be honest So if we can have a nice break and retest above 1945, as we got a nice little flat candle body support that was created here, where you can see we had this initial seller's impulsive move and broke a bit lower than our key level. But this is where sellers reacted and closed off some orders, right?
Let me clean that right up. So you can see this exact price point around this area. You had a very strong snapback candle and price come back above our key level. And then a bit of this consolidation phase when sellers jumped back in the market, you can see again, failed to break this low that was created on the lower timeframe to the left, and then coming back above the key level.
So this for now is looking like more buyer side liquidity to me on the lower timeframes. And especially if we can break above 1945 and create a support, then we can look to take those buys up, but we're going to watch price at some of these previous sensitivity areas here. I would only, I would only really take sales below this low point because gold, you know, gold can look like it's going to sell and have a quick bounce.
Like, like a one minute candle just snaps right back. Right. Unless it's obviously in very strong bearish market structure.
where on the higher timeframes, gold is still very bullish when you're looking like, when we looked at the monthly, weekly, et cetera. But when I'm looking at the hourly, we are breaking a bit out of that range and we did have a nice significant breakout of it. We do have some impulsive buyer's candles, some very strong buyer's candles.
We are retesting that previous high point, 1939. We were seeing sellers are closing off orders and buyers are jumping in for now. So I would only look for sales below 1938. Otherwise, I'm looking to come back above our key level 1945, create a lower timeframe support, and then ride that up. EU.
EU is in a bit of a struggle in a very... tight range on the higher time frames, but overall still very bullish and buyers have printed a high and Euro does have some short-term strength support from the ECB sentiment and from Christine Lagarde's comments if you were following along in the trade room during the day. The only thing is we need to ensure that the US dollar remains below these highs and start at 93.3 and looks to revisit its low points at 93 and 92.7. If we can have the US dollar fall off, as well as we notice Euro equities are still solid from that support from ECB, which let's just take a look.
Yeah, look at Germany here is going to revisit potential intraday highs. So Euro equities are looking a bit solid. UK equities are looking fairly solid.
Equities overall are giving a bit of a rebound, which is good to see. So if we see the US dollar fall off, especially if we see yen fall off for our GJ upside corrective. bias just for the London session, then we can also see the potential for Euro USD to take buys above our key level at 1.8400 to revisit these highs. Again, sales have been very messy and it's very difficult for EU sellers to break previous lows. You can see price snaps back very strongly every time.
So I would only look for sales below 1.76. I don't really want to play in this range, but we are hovering towards our key level. So you If we can snap above our key level, I would start to see that corrective range up and we probably get some reaction at these price sensitivity areas you can see here.
And we can use those as potential targets. This is looking a bit corrective, but we have some of this minor bullish structure here. It would just be more confidence to break above 1.84 and then with some of that Euro support if we notice it during London session. UCAT, I don't really want to play with. So we'll just focus on gold, GJ and Euro USD for now.
While we also watch some of the headlines and look at some of the, some of our sentiment indicators, specifically the US dollar. I'm just going to put the, this is the US dollar. I'm just going to put it on like the 15 minute timeframe. And it does look pretty bearish when you're looking at the more smaller timeframes, like it's going to revisit this low and smash down. So that could give us more confluences for potential gold breakout buys above 1945. Just watch that.
And then Euro USD, we can play some of these ranges up, which these are pretty good scalp ranges, 20 pips. And this is like another 20 pips. If Euro USD starts to melt, I'm not taking sells.
I'm not looking for sells. I didn't call that just because it bounces around too much at those intraday lows and Euro does have that support. Getting some getting some minor structure here, but nothing too crazy.
I don't really want to highlight that but it is something. We'll just we'll just highlight it for now. GJ, this pre-London candle is going to close bullish, I think, above, or it's not bullish.
It might flip and turn bullish and close possibly in the next seven minutes, but still closing above key level 136 and holding that lower timeframe bullish structure for now. I just I just like the way it looks and and for example yen charts are like, um, The candles are like messy like shit like this. There's a lot of gaps and shit stuff like this I think vix like some of these charts get very messy when you're looking at candlestick versions Like what the fuck is this even you know, but like then you can just see I just like the way it looks with Uh, just puts it together easier All right, so everybody understand?
Everybody understand what we have going on tonight? We already had the UK GDP figures, which got released. We're fairly neutral, but is taking as good data.
The technical bias and what I'm looking at as per technicals and structure on GJ, gold and Euro USD and the reasoning behind it. And then what we're looking for as per price points. And then we'll just watch them. Now we just wait. Better now to wait for London Open anyways and like let the first 10, 15 minutes do its thing.
Of course, unless we get the confirms right away. But let's just watch now. It is the end of the week. All right. Don't over trade.
Don't over leverage. Relax. Don't get emotional when you come on these price action sessions. You know what I mean?
Don't say any like graphic things that you want to do to me. I don't appreciate that. It's funny though.
I don't mind, but anyways, just like, just stay focused, stick to your risk management plans, make sure you focus on the longterm vision and like it is coming towards the end of the week. It is Friday. We did, we already did call a lot of, man, we call the good amount of trades this week.
If you guys have been following along the market updates, there's been some nice trades called. I personally caught GJ sells the start of the week and then EU. But that was it.
I missed a lot of the gold stuff. I missed those gold buys, but it's all good. I'm only looking to take a couple of trades a week anyways.
A few trades a week adds up. So anybody have any questions? Anybody want to like send a trading view chart?
Anybody want to talk about something? Something on your mind? Speak now, you know, anybody want to come on video as well? Come on the mic.
You want to share analysis? Don't be shy. It's always interesting to see a like the reactions in the lower timeframe, like should just broke up for us. But we have to be cautious because I only close like four minutes in this. I'm not saying it will, but it might close below the key level, which isn't a good sign.
It would have been nice to have a nice breakout above the key level and candle closure. like on the hourly above it and then london just pulled back probably to test structure then pop back up but we'll watch it but always interesting to see like the reactions crazy crazy like look at this look at this crazy if price just ranges we're not gonna cry we're not gonna stress we're not gonna fight the market we're just gonna go by what is presented in front of our eyes and if it follows what we have already predetermined now as per gold or gj or euro usd this little pre-planning we already did that we're gonna then we'll take advantage of it u.s dollar might get a bit of a boost during the elections yeah with all that volatility especially especially because it's been so bearish and at such lows but that's still like yeah it's like the over the next couple months yeah euro group head eu willingness for a deal is there prerequisite for a trade deal with you eu is for britain to respect as existing agreements like the withdrawal agreement here actually let me just put the shift here you guys read this You guys can read this, right? Hmm. Could be taken positive.
All right. We'll let it open. I'm just going to be muted as we watch like the first 10 minutes, just mess around, you know, set up a bit, grab some liquidity. If you guys have questions, concerns, just comment, unmute yourself, ask the question, go on video if you want, up to you.
I just want to quickly see how some of these hourly candles are closing. This one's a bit messy, but that was a nice rejection. I bet like this last minute quickly turned bullish in the last 10 seconds. You know, USD is not looking as hot.
It would have been nice to get a candle closure above the key level, but it's looking a bit still like the correct it like it can correct some of this impulsive downside moving if it comes above 1.84. But we'll watch that. Oh, it almost did a that was I don't even know kind of candle that is like, people know people know candle names, what kind of candle like, because I never look at candle names, I just look at the size of it, the wick.
and it tells me enough about like uh buyer or seller pressure but like what is the name of this candle a doge no sana a hammer or some shit an inverted hammer a hammer what is the name of this candle a hammer the hanging man you guys are making this shit up Imagine like looking for these like, okay, I'll see how the hourly closed. A nice bullish candle closed on this hourly, but I don't like how it didn't create no top wick at all. But I do like how this hourly already created a lower wick and has no top wick.
So if we come above the key level and make that support, gold's still looking nice, but we need to come above 1945. GJ, I want to watch how it reacts to this structure. Obviously, we can see. buyers rejected at the exact same price point, which is not a good initial sign for us.
Would have been nice to get a candle closure above there, but that doesn't mean we won't get it. So let's just observe accordingly. EU already made a lower wick and grabbed some liquidity, but we need price again above the key level and to respect this structure. I like this little price sensitivity area here too. Okay, we got hammers, tea candles, kangaroo tail, dragonfly doji, shooting star, megalodon, pogo stick.
This is what would be ideal. Same thing that would be ideal on GJ would be like even if we come down to there otherwise we'll take cells below gold even if it comes down here again but we'll wait comes back up because it's nice little impulsive and then bang ride that that's like 30 pips just up to here otherwise cells are honestly only take below that low because gold could just come down to Gold could just do a one minute melt to 19.39 and then pop back up. Like it's still too bullish.
Okay, Lucas, what'd you say? What is this? Gold?
Oh, I didn't even look at that. Oh, on the 30? Hmm. I was more looking at how, see this part? You have, see this part right here?
the like where it's creating this little bit of an intraday support i was looking at how that is a retest of that pre of that previous intraday highs that buyers have failed to break multiple times even if we identify it on the 30 minute i was looking at price was in this range right Buyers pretty much pretty much from this price point we're seeing the intraday candles from September 3rd to about like to about this week, September 8th, buyers failed to break this area multiple times, this exact price point, 1939.5. Then we finally had some impulsive buyers come in, the support created above, and then an impulsive, like more impulsive buyers enter the market. But of course we reacted at a previous price sensitivity area here.
You can see how we corrected this downside move. But then sellers jump back in where you had more price sensitivity on an intraday perspective and our key level. But we are getting a significant breakout of this consolidation area where gold is still fairly bullish on the higher timeframes. And this is creating an intraday support and retesting exactly at that price point for potential more buyers to enter the market and revisit these highs, possibly end of the week or, or sorry, possibly start of next week or. Over next week, you know what I mean?
So that's why I would like I don't really I can see what you're saying here But that's not enough structural point for me to really say because it's sort of up above it right here Like you could put your you could put your trend line here You could connect it right by the points and then say it broke over here, right? That one's a bit too subjective. But what isn't subjective for me is the fact that the support on an intraday perspective, where we're seeing sellers exhaust, is right at that price point where we had the buyers fail to break multiple times.
And we're coming back there for, it looks like, more buy entries to enter the market. More buyer order flow is coming in here, is what I am observing. So I think we're going to get that volume and that extension up, you know?
I would only look for cells below here and you, and you can understand that why when you're looking at, cause we would be coming back into this range. Does that make sense? This structural point here is just that one minute structure.
It's not like a crazy, it's not like a trend line or anything. It's just to highlight that one. It looks like a shitty trend line on the hourly, but on the one minute, it's just a highlight that structure, which you can clearly see was being respected on the one minute, you know?
So now what some confluences would be for us is if we can break above 1940 from 1945. Yeah, it makes sense. Okay, cool. Okay, EU, here we go. US dollars breaking that low like we expected. dipping down a bit lower close this shit equity is getting a nice little boost you get a nice break and retest on 1.184 i think gj is going to give us that break and retest above 136.2 as well but i don't want to jinx it right now and then we'll watch bowl two it's just like look at this shit come on what a tease right right at the key level why what's what's over there Always fascinating.
Oh, no way. I jinxed that too hard. Right at the key level.
I didn't wait for the candle to close. I jinxed it. Yeah, you guys watch the setups you want to take i'm just going to be cycling through them But I just got to go to the washroom quickly But actually I want to see I want to see if gold gold looks like it's going to set up soon But we'll keep it on gj.
Yeah the uscpi, right? If you guys let me take food breaks, i'll run this. Okay, let's watch gj. Dj's dj's setting up Let's get a nice this nice a couple candles above 136.2 if you guys let me take if you guys don't get pissed off when i go to eat i'll run i'll run this i'll run this stream for five hours i don't care it's friday so we'll be chilling watching it but maybe i'll play like an nba game on the side yeah i will That's exactly what I was explaining as well.
I like uh I like I like how you're looking at wait what is the next candle or time frame yeah that's what that's what we're looking for right now right here let's get that retest let's get that retest of 136.2 it better not just rip it and I'm waiting for I want to see what gold does, but I don't like obviously it didn't break above 1945 eu. I wanted to break above 1.84 Yeah, 2k 21. They're all the same though, to be honest All right, if we're running this for five hours, wait, then I have to then I have to then you one you guys have to remind me to first end this zoom in like two hours from now and then start another zoom because like it won't save then it'll be way too big to say yeah like a finally like when like uh when asian closes at 5 a.m to first save this and then send it then i'll send over another link just jump right in again and then that'll run for like till eight in the morning or whatever And that means we got to be more patient because we're, because we're watching the markets for like five, six hours. So you don't want to get like, you don't want to be stressed out. Like, Oh man, I just missed JJ.
And like, and like, you know what I mean? Stressing yourself out, getting yourself all tired mentally. You want to, you want to just be casually watching, but when the setup comes, then you focus and narrow in on what you need to look at.
You don't want to just waste your energy. You put a buy stop? That's not, that's, I normally don't use buy stops, but if you like using them.
E-Rock. For the scalp, just to watch, to take profit on the scalp, like 136.5, the next psychological price level and key level. French finance minister says we need to have a fair international taxation system as soon as possible.
God damn. Yeah, 136.5. If this just breaks back below though, we do have that sell option, but I'm only taking sales below 1938 for the reasons explained. Otherwise, I'm just going to let price do its thing because that was a pretty solid rejection at the key level so far on the dot.
So I need buyers to come back above key level on that little peak time. Yeah, oh yeah, that was a positive point as well. That was a few hours ago, right?
Or that's right now. That's 3.09. That can give a bit of a positive sentiment alongside some of that better data. That was like 3.08, about five minutes ago. French finance minister says asked about Brexit.
We will not accept any decision that jeopardizes the single market positive trade deal. Japan and UK should bless us a bit of a correction on some of those, some of that downside move. Gold looks like it might it might fall the yellow brick road. Wait, but we're still patiently waiting I took a quick scalp entry at the retest of the structure 15 minute retest nice. Nice job.
Will click 13 there's close 13 pips good shit. Do you have a runner? No, it's all good then. I think we're going to get another setup soon anyways.
It's only 15 minutes until London opens. So, you know, usually the volume starts to kick in like after 3.30, 4 a.m. Eastern. I honestly think GJ could even pull back to like retest like the price sensitivity area and structure again.
And then pop back up. But I'm still waiting for like to see what it does on a retest of 0.200 on the dot first. EU is just ranging, teasing us below the key level and above the bullish market structure on the lower time frame we identified. Gold, obviously, we weren't taking buys there anyways.
We're still waiting to see if we get that buy set up. Let's see what GJ does. If we get a bullish engulfing candle close above these wicks as well, you could run like a 5 pip stop and then possibly 20 pip upside for a scalp. But it would be nice to get a retest right at 136.2.
EU looks like it might give us the breakout soon. Then we'll look for a retest there. Gold, obviously no 1945 setup yet. Messing about.
grabbing liquidity yeah i think gj is gonna push might not give that full retest it's gonna do that candle close thing above i was just talking about bro no i didn't even get to get it i didn't even get to enter myself actually it's not my training day i'm not supposed to scout why do i even have this shit open Oh shit, yeah, watch EU as well, yo. Watch EU for the retest as well. I was so angry for a second that I didn't enter anything on gj but I was excited my trading day I'm not supposed to be scalping Seven pip, five pip, stop, 20 pip upside.
Yeah, watch EU for entries coming up. GJ if it retests there and doesn't break, the goal just messing about. Which chart should I keep promising over the washroom clip?
GJ? 200 would be ideal. Yo, what the fuck?
Man was gone for four minutes. The fuck just happened? all right let's see if we hold the structure here gold just messing around obviously no buy setup oh shun chi jay went right to 136.5 a rejected right there god damn Fuck, GJ was clean.
Who was the guy that was saying, who was the guy that was so, who was talking about the Brexit negativity, huh? Who was the guy that was questioning the analysis? Huh, where'd you go? Oh, where you at? Take the bye?
EU that was a nice retest. EU is about to fucking fly. Especially if it breaks like a candle close above here. Yeah this week was crazy.
Bobby you took EU I bet. You probably took EU down here I bet. Don't lie. You probably took EU like over here right?
so wait who actually caught trades because we didn't get a good retest on 0.200 but some people started entering here some people probably entered early when i first went before i even some people enter when i just say gj is looking like a buy some people start entering lucas wayne took 0.200 that one guy ewok had uh 0.200 uh Don't worry. Don't worry, Adonis. We're still going.
We're going for like, we'll go tell. We're going for four more hours. Call EU. That's a scalp. That's 10 pips.
That's 10 pips. Leave a runner. That's the scalp right there. That's W's in the chat.
That's 10 pips. Like and subscribe. Air horns.
Air horns out. That's 10 pips right there on EU. Yeah, Magic Keys.
You took 0.100 on, oh, you took it here, right? When it was still holding that structure. All right, let's zoom out a bit and see what else we got going on. What's gold doing?
Gold just messing about, playing with people's hearts. You know what I mean? Going up and down 30 pips. But that's why we don't mess the gold between the ranges.
We wait for it to come above a key level, you know? Yeah, that's what I'm looking at next. If this GJ 30 minute closes above 136.5.
And we can just get a retest and another quick impulsive move up because this structure right now, the pullback, like this structure might run until New York. Even if we get a pullback to like 136.2 for the new four hour candle, you get what I'm saying now? The new four hour candle, like close it around this area, pulls back to create a lower wick here. Then we, then we ride it up again.
but that's obviously an hour and a half from the four hour closes just watch eu though it's messing around a bit still looks good as long as it stays above the key level but um u.s dollars dropping like we expected that's nice yeah let's just watch price action for now It was that it was it was you guys understand why GJ played out as it did, right? Identifying the potential for some correction of the downside move coming towards the end of the week, the lower time frame bullish structure, the positive UK data that was also being talked about by like the UK National Stats Office. Then, of course, the Japan and UK trade deal news.
we'll read about that right now if you guys want to read about it right here uk says japan trade deal is an important step towards uk joining the comprehensive and progressive agreement for trans-pacific partnership uk says uk business will benefit from tariff-free trade on 99 of exports to japan after the trade deal uk says digital and data provisions in japan trade deal go far but beyond the you know they chirp the euro deal they chirp the euro in japan deal they said their deal is way better damn they don't give a shit they don't give a shit uk says japan trade deal will mean improved market access for uk financial services let's do it another retest i think i think uh i think euro's losing some strength because the uk just did a trade deal with japan and they haven't they haven't and euro hasn't done a trade deal yet or it's not as good but let's watch it anyways it's still it's still holding above key level for now just be cautious with it that's why i set up the 10 pip mark you gotta you gotta secure that 10 pip scalp gj ran fucking smooth gold is messing around it's looking like it actually might be shifting into some bearish lower time frame structure as it's like uh retesting these previous low points and rejecting there but still we would wait for the cells below this low anyways and that might come at new york you know we were watching on new york Yeah, watch EU. It's right back to entry points for EU. So it's ranging, it's ranging a bit hard, and it might come to retest the structure then go up again. I think I think UK chirping the EU cause that.
You gotta listen to my instincts about securing, you know? I see it. I see the candle signals. But the US dollar just got a bit of a bounce, but it still looks fairly bearish. Like, that looks like it was just for the new 30-minute candles, you know?
The new 30-minute candle grabbing liquidity. I think EU's still gonna go back up. Let's look at those 30-minute closes. this one's a bit iffy as you guys can see i would wait for price to come back above 136.5 or come to retest structure again right just because it closed pretty much on the level that's been it's a bit of an indecision this is a this let me clean this is a bit better because at least we had a bullish candle close and he was going back up he was going back up yeah this that's a nice kid that's that's a nice 30-minute candle close with at least to create a bit of a wick so if we can create a support again above 1.84 that should go back up u.s dollar just looked like it did that quick pullback for the 30-minute candle equities are fairly uk equities are solid from that trade deal news uh euro is just a bit ranging like using germany as an example the german dax Dow Jones futures are still solid.
Japan, obviously, futures are solid from that. Gold just messing around. We didn't do anything there. If we don't get the full pullback, right?
Like, let's just say price doesn't come to retest structure. It doesn't come to 0.200. It just reacts at like a sensitivity point here, you can see.
I would still wait for price to like, even if it did half a pullback, I would still wait for buyers to come back above the key level where, you know, the key level already is having a price reaction. So that pullback would just be to get more buyer liquidity in order flow to break that high. And then we can, we can take that impulsive move to break that high, which would be like another scalp.
You know what I mean? Gold, I was still obviously way above 1945. Oh, sorry, I didn't get to see the chat while I was in the washroom. Let me scroll back. What would be a reasonable target for G?
Oh, I answered that. 136.5, went there on the dot. W incoming, WW, ouch, GJ. eu about to go to 1.86 let's go w gj is going damn that flu where's the air horn eroc target reach 25 pips profit the next 30 minute four hour going to be good yep yeah five hours tonight no financial advice correct yes we can get another retest on 0.200 possibly for the new four hour candle Even as we're watching price action now, and if we still hold that structure, if we're still holding this bullish structure, we get a retest of 0.200, it's actually a higher probability scalp because we're probably just going to go revisit that high at least, you know, and then have more order flow to break above. But we would need again, like that lower timeframe type of flat candle body support formed around that structure retest.
TP smash. That's what happened. You took profit, secured and runner going.
GJ was nice. Please like and subscribe. Okay, cool.
This week was fire. Yeah, this week was fire. Yeah, that's what I'm thinking. Or like possibly for like the once a new four hour makes it slower way, but we got time.
And as always, always interesting to see the price reactions at the key levels. You know what I mean? Like these are. These are billion dollar markets and we have these key levels to use as guides. We receive reactions on them.
There's billions of dollars going through every single one of these little one minute candles and they're reacting there. It's just crazy to me. That's insane.
What's the US dollar looking like? Watch, be careful with Euro USD. I don't like this rejection and these little bit of like slower bullish candles.
So if you do have an entry, just like set it break even just so you don't take a L. And because if it comes back to test there again, it's probably going to break a bit lower. But if you have it break even, it doesn't go back to test there, then you're just you're still get to go right because usually with scalping, I like to set break even as quickly as possible because for scalping you might take a few trades during a session, right? So like you want to protect your capital as much as possible. And especially because scalps, you're dealing with smaller pip ranges.
Like your TP is like 10, 20, like 30 pips for a scalp is like crazy to people, right? They go fucking ape shit over that as a scalp. So just be cautious of this. I don't like how it's getting a little bit slower on the buyer side.
It looks like it might come revisit there. And if it does, Then we're just going to watch to see how it reacts at that structural point. GJ, it's not like I was going to take sells here or call sells here anyways.
We were just going to watch the reaction. Obviously, it was a good reaction. And for anybody who had buys or anybody who took buys from these lower points or 0.200 or you had a buy stop, that was like our take profit point anyways, looking for that corrective action.
Gold, fairly messy. Some of that GBP, like UK, Japan, trade deal positivity will probably leak into New York to close the week off and just give GJ some correction of that, like, sell side move it's had all week, you know? I want to see where this is reacting right here.
See where we're, like, this little price sensitivity area? Let's see. That's better.
And see what I mean? Like the good thing with, you know what the really good thing about scalping EU is? The fucking spread.
With most brokers, even if it's a shitty broker, your Euro USD spread should be good because it's always, it's always so liquidity rich. You know what I mean? Always has such good volumes.
So if you have an entry at the key level and you have, and like, even with the spread, like this stuff wouldn't, this stuff wouldn't touch your entry. It would have to come right to your entry to really take it out with the spread. You all have good EU spread, right? Or is that just with my brokers? Everybody should have good EU spread at least.
Euro USD, right? Yeah, it should be tiny. It should be perfect for scalper. This is looking good though so far with how the 30 minute closed above. And we already created that 30 lower wick.
And we got that nice retest of the key level and the candle body closure. but just keep it break even in case because you don't want to risk anything And then just observe price action. It looks like we're going to get that 0.200 retest.
Did this 30 even make a topic? Yes, it did. So are we still going to, we have to watch this accordingly because this could have been the corrective action, right?
So if overall GBP sellers jump back in the market as overall, from an intraday perspective and based on all that Brexit negativity, we are in very strong bearish structure. we are still looking for that cell bias below one 36. If you have that candle close below there, even, even below the structure point, we can start looking at it, you know, but I think we're going to just play in these ranges and have some more correction and then probably continue the GBP cells next week and like play that structure. You know what I'm saying? Right.
Right. Like get a nice, just correct a bit, maybe for next week, create that top weekly wick as well. retest like 137.2 still hold bare structure and then continue that uh continue the gbp jpy cell but obviously we'll see how that goes It looks like gold is making a bit of a lower timeframe support. If it pops back above the red box area, then it comes to above key level 1945. This would be some fairly solid buyers liquidity generated again, like similar to what we saw sort of happen here. And then you had a bit of that buyer extension.
We're sort of getting something similar happen, or then you can get that buyer extension again, but we'll watch it because it's still fairly messy. GJ coming towards 0.200. We're going to watch the reactions. I really want to see exactly where it reacts around this area because that's where we broke out from where we're getting a bit of rejection initially. You can see like when we were first testing this area, buyers tested 0.200, failed to break.
Did a minor pullback and then grab liquidity, but it still wasn't enough order flow fail to break. Then you have this consolidation period retesting structure. Then that was enough order flow to break out. But overall, GJ on the higher timeframes intraday is bearish. So we just want to see if buyers start to jump back in from retesting these highs.
And then look for like a bullish engulfing candle pose and start. We can actually scalp that or still wait above. 136.5 possibly i like new york but we'll just watch price action now eu i don't like how it's like rejecting right at these pre like right at these little previous one minute highs so just be cautious if you're still holding eu the u.s dollar is flipping a bit bullish on the lower time frames nothing crazy like um this is just the one minute on the u.s dollar still have some of those bearish structure and it's just retesting those previous little lows so it could just flip here go back to revisit those lows but if if it breaks this minor structure the u.s dollar and like comes back above these lows or back to test 93.3 i would be more i would stay away from euro usd buys dow start is dropping ripping you Dow looks like it's going just ranging like it had a bit of an impulsive move. Now it's just ranging a bit. Let's watch this GJ reaction.
Thank you Not many more headlines. Gold, keep an eye on as well. If we get that break above 1945. If we do get that break above 1945, I'm just going to shift this to potential structure as we would be breaking bear structure. This might be the, like if we get an impulsive move from this point that breaks these highs. then I would identify this as the new structure points and then watch that.
Watch how price keeps reacting to that through New York for entries, you know, but for a scalp for us through the session, I'm looking at a break above 1945. So remember I was saying this was just some minors, like I didn't really want to draw it anyways, but we'll watch it. We'll just watch the reaction. This looks like it's actually starting to develop some more structures.
If we get an impulsive move of buyers from this point and then. of course you can extend this and just watch the reactions. Like if you get an impulsive move like this, that breaks above these previous little one minute highs and our key level and buyers close in that fashion for like the four for the 4am candle. And let's just say price just starts raining a bit and peaks up to like 1949. Then if that following four hour candle comes to 1945 to retest the structure and rejects, you have that confidence that you'll be entering buys with more buyer buy. with the other buyers that will be entering for the impulse and move to the upside, you know, still respecting that lower timeframe bullish structure and that shift and break out of bearish structure while using our key levels as guides alongside the structure.
So yeah, but let's just see what happens. TJ 15 minute looking like a nice retest. Yeah. Yeah, so this is a new 50-minute candle right here now, no? What are you talking about?
Yeah, EUCL is telling you guys to like, I didn't like those rejections, so it's possible you're going to come revisit. is best to be breakeven so nothing you don't lose anything as dollars just having a little bit of uh bullish pressure on the lower time frames gj gj we could take buys above here 136.3 up who oh five pip sl five pips on eu's big bro five pips is like All the way down here. And the entry was here.
Did you enter up here? Did you enter up here? Oh, yeah, you're five. Like, oh, true, true, true.
Yeah, yeah, yeah. Better than nothing, right? Yeah, yeah.
That's what that's what he said better than nothing. Okay. Okay that uh, the 15 minute jesse Looks like it could flip bearish and break lower still that's why I identified Just some of these flat candle bodies here Is where price reacted so if buyers can if we could still validate 0.200 and come above here, then I would take that extension up to 136.5 or that's still 20 pips I didn't like how this 15 minute created the top wick already.
And it could just come to retest structure and break structure as GJ is still very bearish on the higher time frames. So I need more confirms. which is like, which is seeing buyers break above 136.3.
Or we're going to watch for higher risk entries at this sensitivity area. Again, in that structure, JJ bro, Dow Jones has fucking nothing to do with GPJPY. Just cause you've seen it like five or six times.
Maybe JJ was going down and also us 30 was going down. they had nothing to do with each other you know what i mean like maybe maybe just coincidences like gj overall is still bearish you know what i mean but like like when we're looking at like we've been we've been remember when we come into these price action sessions we're looking for scalps in the mind of a scalper but obviously as everybody has been following along since the start of the week, we've been taking advantage of GJ sells from an intraday perspective and looking at the higher timeframes and alongside the Brexit volatility. So with that being said, even though we took advantage of these buys, that doesn't mean I'm seeing GJ going fully bullish again, or I'm trying to see it go up like a hundred pips right now.
We're just taking advantage of the lower timeframe structure and potential corrective action alongside some of the... bit of positive market sentiment we had like we we literally saw we literally saw that japanese news give these little impulsive that 30 pip play you know what i mean like that's like that's what we're like taking advantage of that corrective action we identified that japanese trade deal and i you literally heard me say this is going to bring a little bit of positivity to gbp right and then of course we had some of that positive data as well so taking all that into consideration in real time right now alongside structure and alongside looking for some corrective action on gj as scalpers that corrective range was about 30 pips so that's perfect for a scalper right we and we took advantage of that that's why the tp was 136.5 and now we are subjectively watching the markets again we're not looking we're just seeing if gj holds structure and can give us another buy scalp setup again we're not looking or saying gj's bullish. We're not looking or saying it's bearish. We're just observing structure from a scalping standpoint where we all understand GJ intraday is bearish right now and why it's bearish and sellers are in control.
Right. So like, I hope everybody understands that if you've been following along capital hungry this whole week or right, you guys get that. Yeah.
Yeah. And they take the silence as a yes. Yeah.
And you guys understand what we were taking advantage of just from the scalping mindset, using the session volume and what we were watching. Cause obviously GJ is still very bearish, but that doesn't mean it's just going to always drop. There's impulsive moves. There's corrective moves and you can take advantage of either, or if you have the confirms and we had the confirms we had, we were waiting for price to break above one 36.2.
Some people took it early at the structure retest. We identified the structure. And we had the reasoning why when we're looking at some of the recent headlines or some of the data as well.
For EU, EU is just like EU is coming towards the end of the week. It's in that bit of a range as well. And like we were talking about, US dollar still holding some short term strength.
But Euro did get a bit of that boost from Christine Lagarde sentiment, right? And like. And we already said, like, if the U.S. dollar in the lower time frame, because remember, the reason why I'm watching the U.S. dollar on the 15 minute or in the one minute is because I'm watching it in the same time frame for confluences and confirms in that scalping perspective. So if I start seeing, so we're looking to take 10, 15 pips on EU.
And when I start, when that's why I'm telling you guys, when we were in entries here again, and I saw. buyers reject at the same sort of price sensitivity point. That's why when I saw this bearish candle close, I didn't just say then look to close EU buys or set a break even. Then I went to the dollar index on the lower timeframe to see, okay, what's going on here? Oh, it looks like the dollar index might go back to 93.3.
So if that goes hand in hand, the potential for EU when it comes to test this area again, it's going to break lower. especially after buyers failed to break that high already. Because what do we need to break these little one minute highs?
We need more buyer order flow in the market. or just order flow overall in the market that would be buyer side liquidity. And how do you get that? You either get that in pullbacks and buyers enter from better price points, and then you have enough volumes of order flow, or you get that in a consolidation phase where, let's just say, EU didn't break 1.84 and it didn't break this high, just like we've seen GJ do many times on some of our price action sessions where we'll be in GJ buys.
And it will literally range and generate liquidity until 5 a.m. And then New York finally has enough buyer side liquidity where sellers didn't break the key level. It didn't break the structure. So that liquidity is buyer side, right? And then you have the impulsive move up.
But yeah, now we're going to watch how it retests. So that's why that was like my thought process. So initially when the 30 minute candle closed above here.
and we saw this liquidity grab, I said we can at least see potential for some EU entries again. But then, of course, when price reacted at these previous sensitivity points, we noticed the US dollar. Right here, I was saying, all right, set break even because it looks like EU is going to come revisit the key level. And now you can see price action breaking below and using it as a resistance. But we also have to watch what happens here because this is a very strong price sensitivity area and retesting.
that minor bullish market structure, right? So it's just all about when you're scalping, it's all about watching things in the perspective and in the same time frames as if you're scalping. So that's why when I'm sharing you guys intraday analysis, I'm more looking, I'll send you guys dollar charts on the hourly because I'm looking at where the dollar can go on an intraday perspective because that's what's going to have impact on our intraday analysis or where the yen can go on an intraday perspective, right?
So it's just about adapting to whatever timeframe you're working with, of course. And look at that like quick reaction, right? At that exact same price point.
So now price can just range. If it doesn't break this low, it doesn't break the high, it just range, right? So we'll just watch.
Is that not interesting that where you're seeing this reactions on the one minute and some of that bullish structure, like even if it melts below, that's where sellers are reacting right now. And they're making that decision if there's enough order flow to break that low. But yeah, we'll just watch that. GJ still GJ one hour is about to close.
I would still like it above one 36.3 to take those 20 pips up. Gold, of course, is messing around. It didn't break or test that previous high. And it's starting to break this structural point too.
So it's looking more bearish. But we're going to take sells at a break below 19.38, where sellers reacted and failed to break twice already. So if price comes down here, goes below 19.39.5 and breaks these lows, we'll see a squeeze down of like easily 20, 30 pips.
Obviously, gold didn't do our buy bias of buys at a break and retest or support created above 1945. It rejected there right on the dot. It is what it is. And obviously, US dollar went to go retest 93.3, like we're starting to notice the shift on the lower time frame.
So this might continue. This might break the structure and continue more bearish, but it looks like it's just ranging and has been ranging for like the last several hours. But that initial little bit of an impulsive move for 10 pips, that's a scalp. GJ, if we can get some bullish candle closes and validate this as a support formed at 0.200 and if the next hour retest fails to break, we come above 0.300.
we'll ride that wave up i'm just gonna grab some water this hourly is closing anyways anybody have any questions anybody anybody lose money somehow there's always somebody man who lost money who took some random trade or like took some random entry just be honest yeah someone someone fmg'd here they thought i was gonna go to the meet they thought i was gonna go to the moon break even is not bad It's better than a loss, and we've still got a few hours. 1k in a trade? Oh, you're joking? Okay, okay.
See that's looking a lot better, especially how this can't especially how it's gonna close the next Bro, if this goes, if this goes, just goes to 0.500 again. No. Uh, so this new, new hour, if this new hour can retest 0.200, that's ideal for us.
We can even take higher risk entries here. How's the hourly closing? No, no way. Don't go up already.
Chill. Did it close bullish? got a nice bullish candle close we do have some wick range area to fill we are above that point so we just want to identify the one minute right now are the prices just going to run that 20 pip range or it will quickly give us a pullback and a bit of that double bottom action then run up EU is looking a bit more bearish right now with how the 30 in the new hour already created a bit of a top wick and has no lower wick and we've closed below 1.84. So don't touch any buys on EU.
So I'm gonna fill my water bottle. bro i'm still here i didn't even leave you this guy this guy has had nothing to say like you guys gotta you guys gotta give me talking breaks too you know talking for like two three hours straight i start to start to jumble my words and shit i sound like i have a speech impediment sometimes I swear, okay, I'm gonna go fill water. If it goes to 0.500, then I'm gonna say you're right.
All right, if it does it, then it's just a myth. So now now stepping away. Oh shit, it actually did go up a little bit. No way.
God damn. I just came back and it's dropping now. Oh, what a retest of structure, eh? Like what a perfect retest of structure in those low points.
Oh, watch gold as well. See if gold comes above 1945. I started heating up some chicken as well. Anybody got any marination recipes you want to share with me? I need to change up the flavor of this chicken I'm making.
Man said try butter chicken for him like I'm Indian. Fuck you guys have tried butter chicken. Nando's sauce? Actually, I don't think I have. Is it good?
I might test that out. Cheeky Nando's. Nando's the best.
We just started recently getting Nando's opening in Canada. I think there was one like in Toronto the whole time, but I never really went there. It's a couple hours away from my house.
But then a Nando's opened in my city, like right before coronavirus. So then I think they got fucked. Super sad.
15 minute candle on gj or sorry euro usc is closing above the key level if we get a retest again you probably run that squeeze up gj for the 15 minute i want to see if we still hold like a structure here and gold i'm waiting for above 1945 dollar damn see the like these reactions are Dollar dollar back dollars gonna dump again if it stayed below 93.3 like that just for didn't sellers just jumped in like that and it comes to revisit these lows gonna melt down Unless it's gonna range until PPI got it. Is it just PPI today? Just CPI Oh CPI Uh, I don't think if I don't think the US dollar should range tell them but it's human price indexes pretty important. It's like consumer inflation figures. I'm going to keep it on gold for a minute because I think we might at least see a reaction again in 1945. I just want to see if you guys have any questions or concerns or anything, just leave it in the chat.
I'm just going to be replying to a couple of messages on my phone and stuff. I'll just be muted. Any questions, analysis, concerns, comments, W's, L's, throw them in the chat. The router's terminal? Yeah.
Yeah, we should, uh, we should identify. This is a nice area where buyers keep rejecting this little area here at 1.845, as you said. But it's also still, sellers are also still failing to break the structure in these lows at 1.32 as well. So we need a break of either or anyways.
But overall, still looking like. US, US is doing random ranging down here, but it's still rejected below 93.3. GJ new 15 minute. Looks like it's going to come to 0.200. Gold, I still want above 1945. But yeah, we're just going to let some price action develop now, you know, let's just let some price action develop.
Hmm. Yo, what's up? Start another zoom. So what'd you guys say?
No, I was just letting price action develop now. You know what I mean? Oh, it's two hours. Yeah.
Yeah. I'll start another one soon. I'll probably send a, on the zoom link for the second session for New York at like five 36 in the morning. Cause like the new four hour, like agent sessions about to close and then we'll watch a pre New York tell like New York, you know what I mean? Tell NYSE or something.
what's going on gold gold still ranging a bit no confirms above 1945 euro usd nice little retest at 1.84 though gj i still see the upside potential on gj as well yeah it's been like what two hours yeah two hours um all we really took advantage of was the gj buys and like a 10 pip eu scalp nothing else set up We watched some of the headlines, we understood what was going on with some of the economic data, played with the market structure, and that was that for the Friday London stream. I'm going to save this upload and send it over, and then I'm just going to eat, and then pre-New York, I'll send another link. I'll send another link in the main feed. A Zoom link. So cool.