XAUUSD structure analysis on 4 hour and 15 minute timeframes

- 4H swing is bullish => Current is pullback.

- 15M swing is bearish => Current is pullback.

- We can look for a sell opportunity down to the Demand zone of the 4-hour timeframe. when the price rises back to the Supply zone of the 15-minute timeframe and on the 1-minute timeframe gives a bearish CHOCH reversal signal

Note

Note

On the 15 minute time frame there is a CHOCH signal

Note

After the internal structure gave the CHOCH signal, the price increased again and then continued to decrease to break the bottom.

Note

Inside wave has bearish CHOCH signal

Note

i: Inernal BOS
i-CH: Internal CHoCH
CH: Swing CHoCH
M15: M15 BOS

Note

Price increased back to Supply zone of 15 minute time frame

Note

The internal structure has been broken.

Note

Price continues to break the top and create a new swing bottom.
So the 15 minute time frame is the liquidity trap for the 4 hour time frame.

quangcttn

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quangcttn

Also on:

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XAUUSD wave structure analysis on 4H & M15 timeframe

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