Price finally tapped into the HTF value area and immediately retraced and closed with a heavy body H4 candle within structure.
I am now looking for a continuation short. Based on the size of the structure the continuation has to be more weighted and therefore in minimum a structured H1 bear-flag.
There is still the potential for a trap and price moving higher....
Price is forming an expanding structure into a HTF Liq.P.
Considering DXY is approaching a resistance area, indicating USD might be ready for an exhaustion.
If price breaks above the Liq.P , finishes the expanding and closes back in; I will wait for the 1st continuation flag on the LTF for an entry short.
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Glossary:
VA – Value Area
Liq.P –...
Glossary:
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
***********
GBPAUD Don't dismiss a trade idea too quickly
After retracing to the previous swing...
Glossary:
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
***********
After tapping into the previous swing high and a strong impulsive move to the...
Jan 8th-12th 2024 Weekly Chart Analysis
Current Possible Trade:
Long: If Price stay around the doji candle and makes more market structure than I would take for confirmation entry long before I enter the trade.
A. This would increase the probability of the trade
Short Trades :
I would wait for price to move down to the c.1 demand zone and look to entry on...
USOIL is at a strong support level and this is ready for a good Bullish move. After a big jump with the news earlier today - looking for more moves in the NY session. Definitely be patient and wait for that right entry. Entry I will possibly be taking is around, 78.66 - Looking for the candle to close above that area. Also we are in consolidation right now, and...
Good morning, fellow traders! It appears that our attempts to breach the weekly and daily highs have been met with resistance, and we are currently retreating within the broader monthly market structure. Our daily selling strategy has faltered twice in the face of this resilient bullish momentum.
While there may be untapped liquidity at lower levels, it's...
📢 Insight on FOMC meeting:
No need to trade during this meeting. Protect your capital.
Keeping it short this time. Stands for, "Federal Open Market Committee".
Meetings are held 8 times a year. 6 wks apart.
September meeting is crucial. Right after summer ends.
FED gives economic forecasts (GDP growth, unemployment, inflation, etc)
Budget/ debt ceiling...
Here is my latest structure analysis for FX:EURUSD .
I'll let the market for the next move, if the market become successful breaking the support @1.07809 it may change its pattern and continue to flow bearish.
Alternative Scenarios: the market tests the support and continue to move bullish, and if this happens the market may continue to move @1.10585 and...
When price broke above the 20/50/200.. always wait for a pullback or a base on top of the moving averages. Safer that way. Best time to be involved is in Stage 2 and Stage 3. The only stage you should be involve in to make money.
Patience.
Avoid FOMO Trap.
NASDAQ
OHLC SELL SETUP🚨 🔻🔻2023
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NASDAQ's yearly structure for the year 2023 demonstrates an OHLC (Open, High, Low, Close) Sell Setup. Upon analyzing the monthly timeframe, it is evident that the price is currently facing rejection at the resistance level of 15282.70 . To capitalize on the...
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XAUUSD
2023 YEARLY STRUCTURE
OHLC
Bearish divergence starting from 01 July, 2020 to current market Price in the monthly time frame.
Structure for this year is marked in red vertical line (January). Price opened high with April breaking above the open.
Currently have price consolidating below...
Here it is, after a long couple of weeks, GBPUSD has finally gone bearish. This is a long shot, but this particular area could serve as the next potential reversal point. Along the way there could be some setups that can support price using this area to rally up, at least to the LQP. The 38.2 take profit is near the LQP so there's some level of interest in case...
What we have here is a potential for a large reversal or continuation towards the upside depending on the market behavior upon open.
The prospect of a continuation of the current trend and a mitigation of buyers could allow for a gradual ascent towards a break of all-time highs. However, if the market opens with a continuation of the current trend, the limited...
It's Earnings Season so we'll likely see a lot of volatility. We are also in a significant area of interest in the market, recession concerns are looming but I'm not convinced that the market is fully committed to this downward trend. Not yet.
We've had multiple tests at the top of the range (Target 3), and the market seems to be moving lower. Targets 1 & 2 were...
This is a personal note to myself. Patience wins.
After sometime in the markets, you are able to "see" winning set ups. You're now able to stay in trades and ride them. You're no longer moving your stop losses or not setting one. The last issue to tackle is the ability to wait.
Far too often you took a win on a set up just to try and reverse it to lose more than...
![XAUUSD: XAUUSD 2023 YEARLY STRUCTURE OHLC [SELL SETUP🚨🚨 🚨]](https://s3.tradingview.com/r/rANBT570_mid.png "XAUUSD 2023 YEARLY STRUCTURE OHLC [SELL SETUP🚨🚨 🚨]")
