BOS
XAUUSD POTENTIAL FORECAST | TUESDAY | 20/12/2022A break of bearish trendline signify a shift in direction for gold. A minor retest whereby we can see another BOS in line with a minor fib retracement with entries taken on the lower timeframe. Looking at intraday high to be taken out. Potential intraday / swing trade on gold to the upside.
ETH SHORT TERM BEARISH BIAS4hr bearish trendline has broken with many confluences leading towards a bearish ETH for the short term.
Price has been melting after making a new highs trapping buyers and long positions before melting straight down last week during FOMC which was the catalyst for the downside on ETH and other crypto currencies. I am looking at 1070$ ETH or even a 1000$ ETH in the weeks to come.
Price is currently consolidating on the 4hr timeframe in a tight range where i am not comfortable taking a buy or a sell just yet and will only look for buys and sells based off the given SnR marked on the charts. My overall bias for ETH is shorts as there is 0 confirmations for longs just yet and will only look for long scalps to the upside upon breaks of key levels.
10 Minutes Learn BOS & ChochBOS and Choch
Break Of Structure and Choch is next level of market structure.So, if you want to learn this, you need to learn market structure first
it will goes easy to find BOS and Choch when you understand or master at market structure
If you want to trend following, market structure is enough,but if you want to find reversal pattern, Choch and BOS is Usefull
What is BOS?
Break Of Structure forms in the direction of the trend creating continuation patterns for you to joint the trend
Break of recent Lower Low when bearish or Break of recent Higher High when bullish
Example:
What is Choch?
Change Of Character for at the end of a trend forming reversal patterns to give you a chance to join the new change of bias in the market.
will usually form a head and shoulders pattern also reverse head and shoulders when bearish
How to indicate, you need to find the last Lower High ( when bearish ) and Higher Low ( when bullish ).so,when the price close above
the last Lower High or Lower Low, this pattern has formed
Below, is step by step how to using Choch
1. Determine the market structure first
2. Determine the BOS correctly
3. Determine the Choch, i change the color to green because
of bullish trend require break of Choch
Note : be careful, this part is often wrong! you should watch the last BOS
to determine the Choch
4. Look! We got it
Note : The higher timeframe close above the choch,then the confirmation is getting stronger
Easy to learn ya, thanks for reading my page!
Hope it usefull!
Key to unlock the true market structure!!!Have you been struggling with marking market structure? You may have come across many Youtubers who aim to teach the market structure, but in a very wrong manner either by taking fibonacci tool or by discretion. This Video can be an eye opener for you all who are struggling in marking valid market structure.
Market structure is the backbone for every other SMC concepts. Without market structure there will be no orderblocks, breakers etc. Even if you are a beginner in market structure, that is much better since you won't be acquiring the wrong knowledge in the 1st hand.
So are you ready to uncover the real mechanical market structure?
Video will be uploaded on YT at 6:30AM GMT on 25th November 2022
Subscribe our YT channel to never miss any content from Lamda Trading.
Happy Trading!!!
-Team Lamda
AUD/USD Possible Bullish ContinuationAUD/USD In an attempt to reverse upward from downtrend saw a break below trendline which
happened to be a downward continuation.
Price is currently in an uptrend and I will be waiting to take trades only when I see a bullish confirmation above
the current resistance level X.
GU Price Action for WC 1107 - Short upon LTF BoS confirmationMTF analysis are in the anchored notes for M,W,D,H4, AND H1
Annotations/ Notes and Markups are on the charts
KEY LEVEL = Tried & tested S&R zones
S/R zones are labeled as S/R zones
High Impact News / Potential price catalysts: (My time is GMT +8. Adjust according to your timezones)
TUE, 11/08/2022, (NO SPECIFIC TIME) - CONGRESSIONAL ELECTIONS (USD)
THUR, 11/10/2022, 9:30 PM - CPI NEWS (USD)
FRI, 11/11/2022 , 3:00 PM - NOV 2022 GDP STATS (GBP)
FRI, 11/11/2022 , 11:00 PM - NOV 2022 Prelim UoM Consumer Sentiment (USD)
Could be nice sell setup for EURCHFAs we see market were bullish and there was many BOS to the upside
But market just shifted to the downside with good momentum
Price came to test the last supply zone and reacted from this area
Will wait for the bearish movement to be confirmed and go short
Feel free to comment with ur thoughts! Peace
SPX 10/31/22 Choppy Sells Today was a good day but a choppy one. Took 3 sell entries and all of the were stopped out. Took 2 additional sells this morning at the open and those went straight to SL, traded a bit too tight initially this morning but the SLs weren't large at all took about a 3% L on those.
The remaining trades were taken off of the -CHOCH (Change Of Character) and -BOS (Break Of Structure) on a couple LTF order blocks on the 1m, 5m, and 15m charts.
Closed the trades for partials manually and left the stops at break even to eventually end the day 9.61% up.
CHOCH vs BOS ‼️WHAT IS BOS ?
BOS - break of strucuture. I will use market structure bullish or bearish to understand if the institutions are buying or selling a financial asset.
To spot a bullish / bearish market structure we should see a higher highs and higher lows and viceversa, to spot the continuation of the bullish market structure we should see bullish price action above the last old high in the structure this is the BOS.
BOS for me is a confirmation that price will go higher after the retracement and we are still in a bullish move
WHAT IS CHOCH?
CHOCH - change of character. Also known as reversal, when the price fails to make a new higher high or lower low, then the price broke the structure and continue in other direction.
XAUUSDDear Traders,
Gold has given us a mixed signal.
The 4H trendline is broken and the bullish impulse move was strong. In the first scenario of retest, it may give a nice opportunity for buying continuation to 1665 level which either push price lower to 1645 levels forming consolidation, or will break and go up to 1682 area of previous year demand zone.
I will turn my bias to bullish if it breakes the upper level which I pointed out, and continue up with strong momentum candles cosnecutively.
The strength of the dollar seems that has found an edge and we may see a further rise for gold.
But if there is no the abovementioned breake of structure with HH and HL, the maintrend will remain bullish pointing down to 1570 and 1475 levels of interest.
Also, I am thinking that the banks have moves the older demand zone of 1680 to the 1620 area, so I am pretty cautious. Can you imagine seeing gold touching several times the 1615-1620 price areas for the upcoming months without breaking it down, while at the same time, it will form higher prices above 17xx and 18xx levels? it will happen sth similar in terms of pattern and demand zone like that of 1680 area?
Lets's see.
Good luck!!!
Some BOS and ChOCH In this chart we can see some pattern that fits to this strategy.
We saw a lot of liquidity in the path few months.
And sometimes the market can give u some bouncy bull trend for a couple of days or even week or two.
In this chart , u can see some pattern that give us some indication that may be some poll up , and then it going down to check the LL prices
And after that we can hope.
Do or die for long term Bitcoin bulls?As we can see on HTF $BTC charts, price has been moving in an upwards channel creating higher highs and higher lows ( breaks of structure confirming the continuation of the uptrend), but we have sinked into a lower low which would definitely count as a change of character of the market reversing the trend downwards. Do or die scenario is basically bouncing up from the demand point and forming a higher low constituting another change in the market's character to resume uptrend.
From another bearish Point of view, we could also see a massive bearish flag forming on HTF charts as well targeting the same areas we would be targeting with supply vs. demand analysis.
Please check linked idea to see how I expect the movement to be inside the bearish channel / flag before breaking out to the downside.
Long on NAS100 until NFP?As per Fed's Daly remarks states that the US needs further rate hikes to combat inflation hence why this current rally on indices and today's miss on JOLTS jobs report. Markets are continually providing volatility which equates to more opportunities for all market instruments. We have been breaking structure to the upside on NAS100 since Monday and all throughout the asian session. I've adapted a short term sentiment to bullish with a final TP 11760.1 I do believe we will see bearish plays come back in on NFP day.
I will act accordingly to what the market shows.
GBPUSD 15 MIN PROJECTIONGBPUSD has Liquidity Under Two Equal Lows , Which The Market Should go And Take Out the SLs Below These lows, Also There is an UnMitigated ORDER BLOCK, So we are Expecting The market to Firstly grab The Liquidity, Touch the Order Block And Then Flies to the upward and Grab The Buy Side Liquidity
Gold - Why i went longYesterday I shared my analysis where I was looking for shorts from the 1st H4 supply area, so you might ask now why am I buying. The reason is that the supply area never got mitigated and once we seen the drop today we left behind liquidity resting above the 2 H1 wicks just below the H4 supply telling me we have some early sellers. I will still be looking at shorts but I seen an opportunity to capitalise on the push up to my areas of interest today. Marked chart to give you a insight as to why i decided to go long today.