the increase in gold is still stuck in the h4 supply zone which is quite draining, if there is an increase then you have to break through it first to continue the increase, keep looking for a thin sell opportunity with the major trend in the form of buying
There are two setups on this chart:
1. Buy Setup
We expect the price to pull back to the Supply Zone where we are looking to sell and take profit at the next Demand Zone.
2. Buy Setup
If setup 1 plays out as expected and the price return to the demand zone (setup 1 target), we will buy at the level and take some profit at 7481.6 area. I personally will be...
Happy New Year!
I pray 2022 brings you an abundance of blessings and health.
I have already sold this pair and hoping to hold it for a few days.
The entry, SL and TP can be seen on the chart.
Have a blessed trading week
Price have create a Higher Highs and followed by Lower Lows on H1. Currently there is two time prices rejection on SBR Zone (0.358 FIB Level). Which is right below Supply Zone around 2.6300 $.
This also show there is Liquidity Pool between that area.
The Possible Exit is at:
- Minimum Exit : 2.3000$ (1.618 Fibs)
-Target Exit Zone : 2.0830$ (2.618...
My TA analysis for next week.
Daily Timeframes : BULLISH.
Current Direction of market is BEARISH. (short term)
Chart Pattern : QMP Setup (Sell) + QMP Setup (BUY)
On this BIG Ranging. At Current setup is still bearish movement because price have break 2 H1 SUPPORT.
For next week, watch what pattern form on lower timeframe (M15,M30,H1) at H1 Support....
Here is my idea by using SNR and SND. (Only fresh break)
Chart Pattern : Possible Head and Shoulder (HNS)
If there is Double bottom formed on H1 for today then HNS is Possible targeting Resistance zone around 1806.00. Which also there is Supply order block.
If the Supply exceed the demand in the zone then the next target possibly back to previous BUY...
This is my favourite SMC buy setup.
1. The price broke structure to the upside showing bullish intention
2. Liquidity built close to the Demand Zone
3. Price returned, grabbed liquidity and tapped into the Demand zone.
The fact that this is my favourite SMC setup does not mean it cannot fail.
This is my trading plan and I have to execute without fear of...
On this chart, we have two possible sell zones.
We are not sure which of the zones will push the price to the potential profit target. What we should note is both of these zones have different characters.
SZ 1 breaks the low point created by SZ 2, while SZ 2 has nice momentum down after it reaches 1.13600 area.
I will look for a candle reversal pattern at both...
4HR OB - 50% remains fresh and untouched.
1HR OB - 50% remains fresh and untouched.
1) Set Price Alert
2) Wait for rejection confirmation in candlestick patterns
3) Wait BOS
4) Break down into smaller timeframe like M15 and set Pending sell limit order.
Alternatively, QML is another short entry setup.
On weekly/daily chart we can see a rising triangle formation, reverse head and shoulders on the daily, break and re-test of 50MA, multiple demand and imbalane zones formed.
We're still in the daily supply zone so we need to see ETH cut through this zone if we want to go long. If we some rejection then we have multiple zones below where we can look for going long.