XAUUSD Market Structure Analysis on 4 Hour Timeframe
Updated
- Day swing is bullish => current is pullback
- 4H swing is bearish.
- 4H internal is bullish => current is pullback.
- M15 swing is bullish.
On the 4 hour time frame the current price is in the demand zone of the internal wave.
So we can buy up according to the increasing structure of the 15 minute time frame.
- 4H swing is bearish.
- 4H internal is bullish => current is pullback.
- M15 swing is bullish.
On the 4 hour time frame the current price is in the demand zone of the internal wave.
So we can buy up according to the increasing structure of the 15 minute time frame.
Trade active
Price again increased and broke the weak top of the 15 minute time frame.
Note
Price continues to break the top of the 15 minute time frame
Note
Price continues to break the swing top of the 15-minute time frame and forms a new swing bottom.
Trade closed: target reached
Price increases and breaks the top as planned
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