Next chart with nice, possible accumulation. For me, it is very probable that this market will show gargantuan, bull breakout. So, let's go deeper. Chart shows analysis corresponding for Wyckoff method complemented by VSA elements. The biggest volume belongs, in my opinion, to Upthrust Action element but not the biggest one is number one. The most important candle...
Gold failed to close above 2400 and creat a new Break of structure( Higher high). A change of character at 2354 that Is a counted for by a fair value gap( imbalance/ inefficiency). This structure has an order block associated with at 2400 and 2386(our entry point) however we should consider the weak high as well as swing high from the previous day, week and...
Gold is trading near a very strong demand area If price declines on the demand zone We could expect a bullish move which Could retest or break our current major high A bullish harmonic pattern can also be additional Confirmation for my bias...
- Previous Day candle closed bearish . If we are looking for buys we will take on until daily resistance formed on 29th march 04 - If we are looking for sells we take on until 18th dec 03 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade. After hitting TP, you are done for the day. - We risk 5-8% of our capital. Close trades...
This is my Setup to go Long on EURAUD. Market has broken the structure to upside. SO these are my POI to look for LTF confirmation for Long entry.
OANDA:XAUUSD is testing the support level of 2350, where we had a sharp bullish move. The gold is still ranging after it made a new high within the last two weeks of highs and lows. It might continue ranging between 2350 and 2400 price levels. I expect a retest of the recent resistance zone if the 4H candle closes above the 2350 support zone, showing a...
The DOGE market shows interesting structure. For me, it is possible that is a reacumulation. The DOGE will show true intention at closest time. In my opinion, Uphtrust Action is possible instead JAC, like I now marked. I need to observe this market situation.
Good day traders! Last week, intraweek highs was liquidated/manipulated and our most premium supply level mitigated It seems though as price has reversed to the downside since (short-term basis). Could $2300 be our next stop? - Being it is our next medium term institutional demand level , with adequate sell side liquidity resting above to magnetize prices...
Hi there, Let's take a look at BTCUSD with a simpler approach with an interest in discovering the price action at significant support and resistance areas by using the Elliot wave. Wave 5 is subjectively Wave 3, and Wave 3 follows a bearish ABC pattern to form Wave 4. We have (A), which is above 4, and (B), which is lower than 5, making a lower high. Then the...
Good Day, XAUUSD is ranging around the 2379 area. The trajectory is theoretically bullish according to an Elliot wave count from 2320 to the higher low of 2356.193. However, this is a high-risk setup due to candle-high pins. There is a risk for the price to spike down and then move up, or move up to 2414 and then turn bearish. Also, the price can suddenly and...
Good day, GBPCAD has the potential to drop at the H3 and reverse around the 1.70778 area. However, there will need to be some attention in that area, as the price may drop to break (Y). The process may turn to reach above the highs and reach the supply zone following a bullish ABC pattern. 1.71117, 1.71000, 1.72500, and 1,73000 are the desired price...
For the past ten days or so, the EURUSD has been indecisive, making it very difficult to position oneself. In fact, although we're short on LTF and MTF, we're currently also in the HTF buy OTE zone (weekly). So I'm going to remain observant on this pair for the time being. I'll wait to see whether the price comes to liquidate from above or below before...
After recovering my $6,4500 zone following the halving, as explained in my analysis on Friday, I've gone back to buying BTC. I'm therefore going to focus on buying Bitcoin this week, with the first target being the $67,000 mark, where there's plenty of liquidity to be had. However, I think the market will accumulate some time before going for a new ATH....
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low. Price has tapped into H4 demand where we are seeing a reaction, however, price has previously failed to break and close above weak internal high. The prevailing...
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
Looking on BINANCE:GALUSDT , we are currently witnessing an interesting scenario. Following a prolonged accumulation phase within a specific trading range, there was a significant sell-off that led to a breakout downwards, entering what is often referred to as the "Manipulation Area" and specifically into Wave (4), just below the 50% retracement level. The most...
On the monthly and weekly charts, we have bearish price action.. After a strong bearish run in 2021, the price sought to correct previous imbalance that is about to come to an end. Presently (22.04.2024), we expect price to make one final push higher, thereafter we will be looking for reversal signs.