am seeing a drop on xaueur at higher high ,last week we saw the bullish moment in gold and all other major pairs due to the affect of news but market did not break its higher high its a opportunity to sell it
There should be a maximum of 4-6 candlesticks at the base. The less number of candlesticks at the the base the more the strength of the zone and vice versa .
other features of a good zone include :
-tight candle bases with bodies less than 50%
-strong departure , 2nd leg (IMPULSE) with at least 2 ERC candles closing at its high (about 80% of the whole candle...
Xaueur, gold
4hr deep crab and weekly chart bullish flag Pattern Formation, 4hr short as retest and expected to up again as Bullish flag, idea sharing thank you
XAUEUR Bullish flag weekly chart
Idea sharing for Retest and again all time high to test
As 001 bearish deep crab pattern formation in 4hr chart is the 3rd target of this retest zones
From my perspective and experience about Neo-Wave, It looks like we are in the pattern called "Double Combination with a Missing-X Wave". I'll explain the reason why I think it is.
I gradually separated each monowaves segment, then I found that it has 2 sideway phases and 2 down-trend phases. I examined possibility which pattern can occur, here's the list.
Can...
Idea: The price is trying to break through an important resistance level - the weekly 50 MA and the upper border of the descending channel. A price rebound from the resistance level will lower it to the lower border of the triangle. Breakdown of the lower border of the pattern will be a signal for the continuation of the downtrend
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for XAUEUR.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Monthly:
- Rejecting previous Monthly structure
- S&D zone
- Bearish Indicational Candle
Weekly:
- Bearish Indicational Candle
- Break from a Support zone (Could be a retest)
Daily:
- LL & LH
- Natural W
- Bearish Indicational Candle
4H:
- H&S Pattern (A lot off Bearish pressure at the S1 zone)
The way that I like to think about it is if you look at any activity involving probability theory, there are those who make the bets and those who take the bets. Once you dissuade yourself from the gambler’s mentality, you see very clearly casinos have a highly effective and successful business model. In other words, casinos take the bets because they have...
Pair: XAUEUR
Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections
Directional Bias: Short
Type: Swing.
Entry: Continuation Corrective Structure on the LTF's.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of...
In this chart we see a solid movement downwards from a channel and then a failed attempt from the market to enter a range and instead entering into a double triangle pattern.
Use 30 minute time frame for better entry and always wait for retests.
![XAUEUR: XAU/EUR - Double Combination with Missing X-Wave [26-12-2022]](https://s3.tradingview.com/f/flcOpADQ_mid.png "XAU/EUR - Double Combination with Missing X-Wave [26-12-2022]")
