As Discussed earlier in the week, we saw a bearish market structure in the H4 timeframe. We were looking for a confirmed resistance level at a LH point to get a solid entry and target our 0%, -27%, and -61.8% as our projection levels. Price pierced through all three projections as expected. Trend is our friend!!!!! Also remember to keep our charts nice and clean!...
This week we were looking a XAUUSD shorts. Gold has found its way to our -27% projection level yesterday. If you look left you can see that it made its way down to that previous structure level. Remember thats all we want. I trade zone to zone, easy and simple setups. Charts does not have to be messy and surround by indicators.
This morning gold dropped again to...
Yesterday I posted this setup but instead of posting it analysis I posted it as an educational post. It was easy to see that NZD sellers were head down to the next demand zone with was setup as my TP2 which hit around 1130am noonish eastern standard time. As a trader we should simplify our strategy. Pick a direction and trade zone to zone. This was a textbook...
Nice Bearish setup. Market creating LL LH's On H4 for which is my preferred timeframe. Bears have current control of the market. My first projection (tp1) has already been blasted through and now looking at a retest on the M30 timeframe and below for resistance confirmation entries.
Nice Confluence TP's Setup aligning almost perfectly with previous structure...
Here we can see that price has been consolidating in a very large range. Setting up supply and demand zones will the main technical that will be used in this setup. Price reached supply zone or resistance and now on its way to meet demand. TP should be at the next MAJOR Demand zone.
Here we saw this pair making LL LH's. BEARS have momentum in the H4 tImeframe as we can see. By knowing that bit of information we can look to sell at the next confirmed tested resistance to get an entry in the 30 minute timeframe.
