1️⃣ Overall Context:
This is a 15-minute chart, showing short-term price movements and structure on Gold (XAUUSD). This timeframe is helpful for scalping or short-term trades.
2️⃣ Key Annotations and Terms:
ob liquidity: Stands for “Order Block Liquidity” — an area where there’s a cluster of buy/sell orders from previous price action, often acting as a supply or demand zone.
bos: "Break of Structure" — price breaks a previous high or low, showing a shift in the trend.
coch: "Change of Character" — a shift from bullish to bearish or vice versa, signaling potential trend reversal.
head & shoulder breck: Head and Shoulders pattern break — a reversal pattern that signals a potential move in the opposite direction after the break.
tp: Take Profit — the target level where you plan to exit the trade.
support: A horizontal zone marked as a potential strong price floor.
3️⃣ The Chart Structure:
🔸 Left Side (Charts 1 and 2):
Price was in an uptrend, forming higher highs and higher lows.
OB Liquidity zone shows where sellers might be stacked above the recent highs.
Break of Structure (bos) occurs when price breaks the last lower high — indicates bullish momentum.
Coch marks a reversal after price breaks the upward trendline.
The chart suggests price might retest the broken trendline and then drop from there.
🔸 Right Side (Charts 3 and 4):
Head and Shoulders Pattern is illustrated on the right — a classic bearish reversal pattern.
The right shoulder completes and price breaks down through the neckline (head & shoulder breck).
The expected move is a bearish drop toward the tp level at around 3,325 USD.
4️⃣ Trade Idea:
Sell Trade:
Enter short after price retests the trendline or the red supply zone (previous structure).
Target is set at tp zone near 3,325 USD.
Stop Loss:
Typically placed above the recent high near the order block liquidity zone to manage risk.
🔑 Summary:
Your analysis suggests that after breaking the upward trendline and forming a Head & Shoulders pattern, price will likely move downward. The strategy involves waiting for a pullback to the supply zone (red area), then entering a sell trade aiming for a target near 3,325 USD.
This is a 15-minute chart, showing short-term price movements and structure on Gold (XAUUSD). This timeframe is helpful for scalping or short-term trades.
2️⃣ Key Annotations and Terms:
ob liquidity: Stands for “Order Block Liquidity” — an area where there’s a cluster of buy/sell orders from previous price action, often acting as a supply or demand zone.
bos: "Break of Structure" — price breaks a previous high or low, showing a shift in the trend.
coch: "Change of Character" — a shift from bullish to bearish or vice versa, signaling potential trend reversal.
head & shoulder breck: Head and Shoulders pattern break — a reversal pattern that signals a potential move in the opposite direction after the break.
tp: Take Profit — the target level where you plan to exit the trade.
support: A horizontal zone marked as a potential strong price floor.
3️⃣ The Chart Structure:
🔸 Left Side (Charts 1 and 2):
Price was in an uptrend, forming higher highs and higher lows.
OB Liquidity zone shows where sellers might be stacked above the recent highs.
Break of Structure (bos) occurs when price breaks the last lower high — indicates bullish momentum.
Coch marks a reversal after price breaks the upward trendline.
The chart suggests price might retest the broken trendline and then drop from there.
🔸 Right Side (Charts 3 and 4):
Head and Shoulders Pattern is illustrated on the right — a classic bearish reversal pattern.
The right shoulder completes and price breaks down through the neckline (head & shoulder breck).
The expected move is a bearish drop toward the tp level at around 3,325 USD.
4️⃣ Trade Idea:
Sell Trade:
Enter short after price retests the trendline or the red supply zone (previous structure).
Target is set at tp zone near 3,325 USD.
Stop Loss:
Typically placed above the recent high near the order block liquidity zone to manage risk.
🔑 Summary:
Your analysis suggests that after breaking the upward trendline and forming a Head & Shoulders pattern, price will likely move downward. The strategy involves waiting for a pullback to the supply zone (red area), then entering a sell trade aiming for a target near 3,325 USD.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.