gold price are going sideway correction above 2150 support but below white trend line before big news fed fomc
Introduct ion: Gold (XAU/USD) has recently exhibited a notable pattern on the H4 timeframe, signaling a potential trading opportunity. 📉 A double top formation has emerged, suggesting a shift in market sentiment and a possible trend reversal. This analysis will delve into the implications of this pattern and identify potential trading levels for short-selling...
H4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish. I have now started to map all CHoCh's to gain a micro-view of structure due to the nature of price action and the size of ranges. Expectation remains as H4...
-> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. After the swing BOS price aggressively moved to the upside. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish following second bearish iBOS. Price pulled back to premium 50% EQ. Expectation is for price to continue to trade...
-> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. After the swing BOS price aggressively moved to the upside. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure is bearish. First aggressive structural indication that pullback is underway (CHoCH) where price is reacting at H4 supply zone....
price are coming down from 2088 level on h4 time frame price is making lower low with lower high a clear down trend below yellow if trend line breakout instant bullish from 2016 but until breakout it is bearish
I have a lot on this week outside of the markets. This is my thoughts on EU which follow on from last week's idea. I'll be looking for M15 zones to hook in and ride price action when time allows. I'll update below when I'm at the charts and see anything interesting so be sure to subscribe to this idea, below.
Weekly: From November 2022 to the present, the weekly chart of the euro against the U.S. dollar presents an "Uptrend Channel" , and the past five weeks have happened to be in a downward trend. The current price is looking for strong support. It is estimated that the integer around 1.08 is the key support from the graphical observation. Thinking from the weekly...
In order to confirm the downward movement of the sales floor, the probability of the end of the process should be observed..........
The bearish trend is over, we are heading for a long-term correction. Meanwhile, breaking the main ceiling is a sign of buying
We are correcting the price and we expect to react to these two ranges to continue selling
Expect price correction and continued decline movement...
Due to the trend of increasing time and the latest modification, we expect the price to increase
The price has reached the end of its long-term correction and is expected to rise to at least half of its previous wave
Spotted a possible gartley on the 4h looking to catch the C-D leg Here are my measurements: - X @ 172.326 - A @ 168.055 - B @ 170.695 - C @ 168.356 - D @ 171.412 I'm interested in trading the CD leg looking to TP @ 171.250 Comment/Critique welcome lmk what you think!
break of structure on the rise of the previous high, return to an orderblock in the discount zone, and rebound on support.