XAUUSD market structure analysis on 4 hour, 15 minute time frame
Updated
4H swing is bullish
1H swing is bearish.
Current price is in the demand zone of the 4-Hour Timeframe.
We can look for a buying opportunity when the 5-Minute Timeframe gives a reversal signal CHoCH
1H swing is bearish.
Current price is in the demand zone of the 4-Hour Timeframe.
We can look for a buying opportunity when the 5-Minute Timeframe gives a reversal signal CHoCH
Note
Price rallied and broke the strong swing high of the 5 minute time frame.Note
In the 5-minute time frame, the price after falling creates a weak swing top and the price increases again, breaks through this top and creates a new strong swing bottom.Note
Today price continues to break the i swing peak of the internal structureNote
The price increased and broke the peak as planned
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