AUD/USD - TP Smashed Clean. Called it, executed it, and now we’re here. Price respected my SMC setup perfectly—4H structure gave me the bias, 30M refined my entry, and price followed through like clockwork.
Saw the inducement, waited for the CHoCH confirmation, and the order block tap was all I needed. Entry was smooth, exit was precise. This is what happens when you trust the process and put in the work daily.
Another win locked in. Who’s keeping up? Let’s see if the market’s ready for my next move.
#Forex #SmartMoneyConcepts #AUDUSD #PrecisionTrading #MarketMastery
Bless Trading!
Candlestick Analysis
Short GoldDear Traders,
Currently, gold reached a high of around 2932 but quickly retraced and failed to establish support above 2930, indicating strong resistance from the bulls. Given the current momentum conditions, the bullish momentum is insufficient to support a sustained breakout to the upside. This suggests that after the price push higher, the market has become more cautious and is not blindly chasing long positions in gold.
On the other hand, as gold's volatility contracts, there is a need for a pullback to enhance market liquidity. Gold may therefore retrace and potentially test the 2910-2900 support zone again.
For short-term trading, I will continue to focus on small-scale short positions on gold.Bros, do you have the courage to short gold with me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
GBP/JPY setting up for a swing-trade short?My core bias this year is for the Japanese yen to outperform, and for yen pairs such as GBP/JPY, EUR/JPY and AUD/JPY etc to suffer.
We are currently within a countertrend bounce against a much larger bearish move on GBP/JPY, but a doji formed just beneath a resistance cluster on Thursday to suggest the bounce is pausing, if not correcting itself.
The 1-hour chart shows that volumes were rising while prices fell from Thursday's high, and volumes were lower as they recouped some of those losses. Yet with GBP/JPY now trying to form a bearish outside candle on the 1-hour chart, perhaps a swing high has already formed.
The near-term bias is bearish while prices remain beneath 192.50, and for prices to fall to at least the 38.2% Fibonacci ratio ~190.75.
Matt Simpson, Market Analyst at City Index and Forex.com
ASX 200: Why I don't trust today's 'record high'The ASX 200 reached a record high in today's session, but it's not a convincing record high in my books. If anything, it could signal yet another false break. Using the ASX cash and futures market alongside Wall Street indices, I delve into why we need to be on guard for another bull trap before the real move potentially begins.
Matt Simpson, Market Analyst at City Index and Forex.com
GBPCAD SHORT Market structure structure beariish on HTFs 3
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Daily EMA retest at AOi
Previous Daily Structure Point
Around Psychological Level 1.78500
H4 EMA retest
H4 Candlestick rejection
Levels 8.63
Entry 105%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
The Daily Edge - 13th Feb 2025XAUUSD Holds Above 2900 as Bullish Momentum Builds
Market Overview
Price tested 2870-2880 POI, reacted with a strong buying wick, and closed above 2900.
The weekly profile suggests further continuation into Thursday and Friday.
Re-entered long positions at POI using 4H chart confirmation.
Key Observations
4H Chart Confirmation: Price consolidated before breaking out, with a high-volume node near 2870 acting as support.
Inside Bar Formation: Price is stalling above 2900, signaling a potential breakout or downside fakeout.
Our Next Steps
Holding long positions, targeting previous ATHs.
Monitoring 4H breakout structure:
A break above 2922 signals further expansion.
A fakeout below 2905 may offer another long re-entry.
Primary target: 2950 ATH, with 3000 as an extended target.
How does the 4H chart help refine confidence in trade entries within a larger trend?
#XAUUSD #Gold #TradingView #MarketAnalysis #PriceAction #PipsnPaper
Stick to shorting goldDear Traders,
As I clearly mentioned in my previous post, we could short gold in the 2920-2930 resistance zone, and as expected, gold retraced to the target zone I anticipated: 2910-2900. Our short position thus yielded a significant profit.
Currently, gold has bounced off the 2910-2900 support zone and has moved back up to around 2920. However, gold has been repeatedly rejected near 2920 and has not broken higher, confirming that the 2920-2930 zone is providing effective resistance. From a technical perspective, if gold forms a triple top pattern at this level, it could likely experience another downward correction and retest the 2910-2900 support zone.
Therefore, for short-term trading, we can continue to short gold at the 2920-2930 resistance zone.Bros, do you have the courage to short gold with me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
A poem of the marketIn the financial markets, the Pin Bar candle is like a poem silently composed within the charts, a poem that tells the tale of the battle between buyers and sellers. This candle, with its long shadow, narrates the story of effort and defeat, as if one side sought to conquer the sky or split the earth, but in the end, was pushed back, leaving only a shadow of its aspirations.
**The Bullish Pin Bar** is like a poet who, in the darkness of night, sees a star and, with hope for light, draws its long shadow toward the earth. It says, "The sellers tried to pull me down, but I, with the light of hope, rose again and conquered the sky."
**The Bearish Pin Bar** is like a poet who, at the peak of day, sees a dark cloud and, with fear of darkness, casts its long shadow toward the sky. It says, "The buyers tried to lift me up, but I, with the force of reality, returned to the ground and embraced the darkness."
The Pin Bar candle, with its small body and long shadow, is like a poem that encapsulates all the emotions of the market in a single moment. This candle, in its simplicity and beauty, reminds us that sometimes efforts do not yield results, and sometimes, turning back is the only way forward. Within this candle lies the story of hope and despair, effort and defeat, light and darkness—a story that repeats itself every day in the financial markets, each time narrated in a new language.
"Taken from artificial intelligence."
Continue to short goldDear Traders,
Yesterday, gold touched the 2860 region before rebounding and continuing its upward move, reaching above 2920. Overall, gold is still in a bullish structure.
From a short-term perspective, gold’s intraday high is at 2923, with technical resistance in the 2925-2930 zone. Currently, gold's volatility is contracting within the 2915-2920 range. In terms of breakout potential, gold is lacking liquidity for a decisive move in the short term. Therefore, even if gold attempts to reach new highs or extend its breakout, it may first need to pull back in order to increase liquidity.
For short-term trading, we can look to short gold in small positions within the 2920-2925 resistance zone and target a pullback toward the 2910-2900 region.
Bros, do you have the courage to short gold with me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
GOLD (XAUUSD): Bullish Movement to All Time HighGold formed nice trend-following bullish setup, with the price retesting a previous horizontal resistance before bouncing back and breaking through a resistance line of a bullish flag pattern on the 4-hour chart.
There is a high likelihood that the market will continue to rise, with the next target for buyers being the resistance level based on the current All Time High.
Intel Time To Wake UpIntel, which has received a very strong reaction, I think it will now try the above prices. Especially the last 3 dips it made look good. We can also expect a rapid rise when it breaks the falling resistance. I think pullbacks will be a buying opportunity. The 29 area awaits as a serious resistance.
GbpChf buy idea Taking yesterday's (Wednesday) low 1.13111 as Inducement and using previous week (Wednesday) High 1.13057 as my point of interest. I'm interested in going long on GBPCHF.
This is just my insight you can check usdChf chart I posted my insight in the Mind section.
Kindly boost if you find this insightful 🫴
Gold- Is the correction over?Yesterday, gold dipped to a low of 2864; however, this drop was quickly reversed as bulls took control, pushing the price back above 2900. This raises the question: is the correction over?
The daily candle formed a Pin Bar, which could be a strong indication that the correction has ended.
Currently, the price is trading around 2913, with the key support level for bulls at the 2890 zone . As long as the price remains above this level, we can expect the uptrend to continue, potentially leading to a new all-time high.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long trade
1Hr TF overview
Buyside Trade
Pair: AUDNZD
Date: Monday, 10th February 2025
Session: NY Session PM (noon)
Trade Details:
Entry: 151.973
Profit Level: 155.276 (+2.17%)
Stop Level: 151.516 (-0.30%)
Risk-Reward Ratio (RR): 7.23
Reasoning:
This buyside trade is based on a break of structure (BOS) on a higher timeframe, confirming bullish momentum. Price action suggests a strong demand zone, with a liquidity grab (sweep of sell-side liquidity) before reversing.
Directional Bias: Bullish confirmation from market structure and fractal alignment.
Entry Justification: Price reacted to a discounted price level, showing signs of accumulation.
AUDJPY: Confirmed CHoCH & Bullish OutlookI have observed a confirmed Change of Character on 📈AUDJPY on a 4-hour chart.
Despite the overall bearish trend in the market, the price has managed to break through a minor bearish trend and a key horizontal resistance level.
This suggests that the market is likely to continue moving upwards.
The next resistance level to watch for is at 97.77.