The charts cover different timeframes of the XAU/USD (Gold/US Dollar) pair, and they reveal several key technical structures and patterns that are useful for trading analysis. 1. Flag Pattern and Breakout (5-Minute and 15-Minute Charts) - On the 5-minute and 15-minute charts, there is a visible **flag pattern** following a strong upward move (bullish flag)....
As we all know, Bitcoin has been the talk of the town since its inception. Its meteoric rise has left traditional investment avenues in awe, and today, I am here to shed light on an astonishing fact that will leave you even more astounded. Brace yourself for the revelation! Since 2014, the US Dollar has only managed to make a minuscule move of 0.00006% against...
True story: Yesterday I was having a cigar perched under an umbrella in the rain - not ideal, but peaceful nonetheless. And out pops a family of birds to feast on the worms that rise to the surface in need of some high quality H2O - little did I know, this would become one of my favourite trading metaphors of all time! The Rain = Despair/Panic The Birds =...
Today, the U.S. February quarter-adjusted non-farm payrolls data will be released. Everyone knows that this data will play a key role in the gold market, because the performance of non-farm payrolls will directly affect the fundamental sentiment, which will determine the direction of the gold market in a short period of time.Does the non-farm payrolls data to be...
‼️ What is a Marubozu in forex? A Marubozu is a long or tall Japanese candlestick with no upper or lower shadow (or wick). The candlestick pattern comes in both a bearish (red or black) and a bullish (green or white) form and is easy to spot due to its long body. It basically looks like a vertical rectangle. ‼️ How can you tell if Marubozu is bullish? The...
✅ A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long. 🎯 Cup Handle Pattern William O'Neil's Cup with Handle is a bullish continuation...
hree black crows is a phrase used to describe a bearish candlestick pattern that may predict the reversal of an uptrend. Candlestick charts show the day's opening, high, low, and closing prices for a particular security. For stocks moving higher, the candlestick is white or green. 🎯 The three black crows candlestick pattern is considered a relatively reliable...
Greetings To You Traders ▫️Let’s break down this superb trade timeframe by timeframe ▫️One of the the most important factor in our lives is Time. ▫️It also proves to be very important In our trades as well I will break down this trade in the same way I did when I took it on Friday I use just 4 things in my trading: 1. Recent price Structure ( Supply and...
Gold collapsed extremely hard due to trapped liquidity at the equal highs on the left. Once banks had pushed the price up aggressively into this area, stopping out sellers, they then could proceed with their aggressive selling. It is crucial to understand the concept of liquidity if you wish to make high risk to reward trades and understand the WHY behind...
After an impulsive move, the market tends to enter into a consolidation. This is the zone where buys and sellers fight to win the next move. Of course, whenever sellers and buyers are fighting - liquidity is built. In this example, sellers attempted to sell from the structure only to be stop hunted before the true move to the downside. Likewise, buyers would...
A channel is one of the most basic price action patterns The channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk. The first step is to learn how to identify channels. The next steps include determining where...
This was a longtime trend line that I had marked up. Once this trend line was broken with an evening star followed by a bearish engulfing candle you had a nice retest of the trend line. This does not always happen this clearly cause people can mark up trend line on how they see fit. If you were not sure after the bearish engulfing you could have waited for the...
XAUUSD is currently trading below my 50ema on the 1HR time frame. It has also broken one of my zones with a nice bearish candle. Price has been creating Lower Lows and Lower highs since 10th october. There is also no High Impact USD news for tomorrow. How I will be entering: I will be waiting for a retest of the current zone where price is. Upon which I will...
Today is the last day of September so it seems that the inside bar on the monthly time frame will close as such unless there is a massive move today: The head and shoulder pattern is only to be traded at the end of a trend (its a reversal pattern so do not use mid trend!) I'll be waiting for the neck line to break before considering to take an entry. A price...
Saw this support & resistance, As you may know the market sentiment around GOLD is bullish. However before I decide to step in I can see this playing out before upside targets.
this is just an education on my insight on trading. i have gone through many trading strategies but nothing beats watching how price reacts at price levels (price action). trading ingredients support and resistance lines (pivot levels , fibonacci zone mostly 61.8%,50% and 38%) trendlines how to trade place alerts on this levels on your trading view account to...