Dretrades2024

Dretrades2024 Updated 

Looking at the structure I believe a head and shoulders may be forming :) and the trend may be changing, depending on if it breaks the trend channel.

Dretrades2024

The pair has seen a CHOCH and is willing to drop further after the pair made a H and S pattern

Dretrades2024 Updated 

I think there's going to be a massive move in the next coming days or maybe in the next week, I think multiple buy orders will send the market bulish, as I believe there will be a huge amount of growth in the weeks to come :) Judging by the big W pattern I see gold being a big short around the 1805 area

Dretrades2024 Updated 

I would say that gold has found a stable support and may grow. I also could be wrong as Gold has been choppy for the last 2 weeks. I believe the big anticipated move has not been completed yet. That buying pressure was a lot stronger than this selling pressure showing weakness in the bears and strength in the bulls. I believe this is a small correction/ pullback,...

Dretrades2024 Updated 

I don't believe that NAS wil drop further than this as we've found an average true price and a zone to buy from, I'm not a financial advisor but with gold as a bullish sentiment to this, I believe a big move will come from this area :) . We are in an expansion phase and next we will fly with the trend phase :)

Dretrades2024

I believe that the first scenario may occur more than the second scenario as I still believe this pair may be in a down trend and channel, as this pair has created a new low, I believe a pullback to the 50% zone or 0.618 zone on the Fib will allow us a great oppurtunity to short the market. Just an overview, hope you enjoy, and trade safe :)

Dretrades2024

Viewing the market structure allows us to get a better understanding of what might occur next. Due to gold having a while to go down. I believe that once gold has found support this pair will drop hard.

Dretrades2024 Updated 

Looking at Market Structure and different phases in the market as well as important key areas, I have decided to share an anaylsis you might like :) I'm pretty confident in these 2 scenarios, whichever best set up works out will be my entry for a quick short or a Long

Dretrades2024

I believe it's really hard to tell, if we going down to the 50% on the Fib or buyers are wanting the price at the 75%. If we look at previous market structure, when gold was in a down trend it pulled back to the 75% on the Fib and went down, here it may be the opposite. We have pulled back and corrected to the 75% zone on the Fib, I personally am taking this trade...

Dretrades2024

The market has been ranging, this isn't a top or a triple top or whatever chart pattern you might think, this is a pure liquidity grab by the bigger institutions, the next move will be around approximately 40 points up, so to be safe I am setting my TP at 1803, it may move higher, but I like to play it safe and work by percentage gain. I think personally the best...

Dretrades2024 Updated 

In my previous analysis I explained we would short however I think most traders are just excited to hop into the short, The 1764 area has not been broken and due to the fact that we haven't broken that level and price has currently held at this level, I would suggest only be looking for longs once 1764 has been broken, there are big order blocks below the current...

Dretrades2024 Updated 

I just look at market structure and fundamentals, this trend will only be broken by the previous highs. Short pullbacks and retracements will occur but I believe only past the 1805-1816 area, but long term the trend is up :) Americans don't want their dollar to be weak and they also don't want a recession to occur so again I'm long :) 1. Contraction...

Dretrades2024

The pair has respected this zone and has been consolidating and creating a lot of sidewards movement meaning the institutions have been creating a zone where they can accumulate liquidity. The fundamental analysis and market structure is currently creating a long idea for me :)

Dretrades2024 Updated 

This support line has shown multiple touches, over the last couple of weeks, I think this was just a major correction or pullback to the main trend which is up I'd be targeting the previous swing high and just holding it for a longer term if it breaks the previous high. I could be wrong but I'm thinking we've hit a strong area of support if that gets broken I'd be...

Dretrades2024 Updated 

But I am currently waiting for a sign of support to be withheld, watching if the current true price of this pair holds otherwise I'd enter at previous swing low :)

Dretrades2024 Updated 

I have been using this strategy for the last couple of weeks just following Market structure and different phases of the market and this works exceptionally well. I believe the current short is a trap and institutional moves will play out to the upside :)

Dretrades2024 Updated 

As we can see in the past the pair has created a swing low and the price has moved into a bullish position :) Order Block has been found :)

Dretrades2024 Updated 

The reason I say long is we are currently sitting at an average true price level. I believe that this pair will see extreme growth and I think we are currently in a contraction zone so I would wait for the pair to show some expansion and wants the expansion has been established. I would go in for the long position to the upside :)