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snrTA
Aug 26, 2017 9:12 AM

Market structure analysis on XAUUSD on 4H chart 

GOLD / U.S. DOLLARICE

Description

My understanding of market structures.
1.Market structures are swing points (swing High and swing low on the chart).
2.They can be used to define trend
uptrend- when market is making Higher Highs and Higher Lows consecutively
downtrend-when market makes Lower Highs and lower lows consecutively

In the XAUUSD chart,
Market is constantly making higher highs and higher lows.
So the trend is bullish/upwards.

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