4H
After missing out on 2 perfect trades on USDZAR, i'm trying to get involved in this new opportunity.
Corrective approach towards entry zone.
= Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
4H
Corrective approach towards entry zon.
-68 Fibonacci completion aligning with entry zone.
= Buy limit.
Bullish M pattern + Bullish Fake Out flag pattern as extra evidence.
1.5% risk.
Aiming to take full profit at Daily TP.
4H
Bullish impulse / break of last LH: indication.
Inverse Head & Shoulders pattern: confirmation.
Clear support & resistance zone is there.
From 1H perspective: Corrective approach towards entry zone.
= Buy limit.
1.5% risk.
This trade setup shows a confluence of multiple factors, aligning with a high-probability approach. Here's the breakdown:
Bull Flag Breakout:
The trade initiates after identifying a bull flag, which is a common continuation pattern following an impulsive upward move. This flag signals consolidation before a further upward push. The breakout from the bull flag...
4H
Corrective approach towards entry zone.
-27 Fibonacci completion aligning with entry zone.
= Buy limit.
Bullish M pattern also there as extra evidence.
0.5% risk.
Aiming to take full profit at Daily TP.
Chart Overview
Timeframe: 1-hour chart
Exchange: OANDA
Current Price: 2444.100
Key Levels and Zones
4HR LQZ: 2474.524
1HR LQZ: 2370.122
Support Level: 2348.660
Key Low: 2287.754
Patterns and Channels
Descending Channel:
The price moved within a descending channel before breaking out.
Lower Highs (LH) and Lower Lows (LL) formed within this channel.
Ascending...
1. Daily Trendline
Description: The yellow trendline running across the chart represents the overall upward trend on the daily timeframe. It shows that despite the recent fluctuations, the long-term trend has been bullish.
Significance: This trendline serves as a dynamic support level. Traders often look for price action around this trendline to gauge the...
Technical Breakdown for XAUUSD
Impulsive Move and Correction:
The price made an impulsive move upwards, indicating strong bullish momentum initially.
After reaching the peak, the price began to form a correction pattern, which typically suggests that the trend might continue in the same direction after the correction is complete.
Descending Channel:
Within the...
Chart 1: 15-Minute Timeframe
Key Observations:
Trendlines: The chart displays an ascending channel pattern. The upper and lower trendlines are drawn to capture the price action within this channel.
Resistance Zone: There is a marked resistance zone around 2470-2480, where the price has faced rejection multiple times.
Support Levels:
Immediate Support: The lower...
4-Hour Time Frame Analysis:
Higher Highs (HH) and Higher Lows (HL): The chart displays a clear upward trend with higher highs and higher lows. This indicates a bullish market structure.
Ascending Channel: The price is moving within an ascending channel, showing a steady increase in value.
Key Levels:
1-Hour LQZ / Reversal: 2429.940
4-Hour LQZ / Reversal Point:...
We provided a really clear outlook on XAU/USD yesterday evening at the start of Asia Session to look for a move to the top side or a possible start to reversal depending on reaction to the support zone being offered.
Today we have a BEAUTIFUL 4HR LQZ being shown in this chart that we are currently participating inside of. Will price reverse after hitting our TP...
In this video, I delve into the crucial aspects of Risk Management and share my insights on interpreting the market when it is in critical zones, just like the one displayed on our current XAUUSD chart. Here's what you can expect:
Risk Management Techniques
Learn the strategies I employ to manage risk effectively, ensuring that my trades are protected against...
Key Levels and Zones:
4hr LQZ (Liquidity Zone):
Marked at around 2437.909 - 2440.000.
This is a higher timeframe liquidity zone which often acts as a strong resistance or support level.
1hr TP 4 / LQZ:
Marked at 2419.433.
This level is a target point or liquidity zone on the 1-hour chart, indicating a significant level where price may react.
15M LQZ...
Lets look at CAPITALCOM:DXY
Currently with a Bullish structure and slow build up Long.
Seems it is attempting to reach that Monthly Area low.
Bullish Dollar=Bearish Equities....Right?
Well this has not been the case these particular past couple of weeks.
We have not seen with clarity the inverse correlation between DXY and Equities. In fact everything has...
❤️Forex Besties❤️
INFORMATION
Geopolitical tensions in the Middle East further lend support to the safe-haven XAU/USD.
Delayed Fed rate cut bets could underpin the USD and cap gains for the non-yielding metal.
💲BUY GOLD 1980-1975 💲
SL @ 1970
TP 1 @ 1985
TP 2 @ 1990
TP 3 @ 2000
...
