Gold (XAUUSD) has recently shown signs of a potential downturn. After reaching a significant resistance level, we are seeing bearish patterns indicating a possible shorting opportunity. With the current market setup, a short position on XAUUSD appears promising. However, it's crucial to stay updated with market news and economic indicators that could affect gold prices.
BTC in daily time frame is in a bullish structure and recently touched the Decision point orderblock (DP) and made a ChoCh confirmation in 1H time frame. So it can raise from here... let me know what you think in comments. this is not a financial advice , DYOR
BINANCE:BTCUSDT.P the analysis is transparent as Light No need for explanation stay hungry
I believe that the mpl zone is likely to work for this pair. Everything is clear in the picture.
hello guys as you see on chart, btc form in a ascending channel and at the end of the rising price, the quality of the trend has decreased until break down bottom line of wedge or bullish trendlin! now price is at the bottom of the channel and it is so possible it has a very short upward movement until... let me explain two scenarios: scenario 1: after breaking...
Hello Took my eye off the ball for a sec what just happened? Bond runs another DP. See My revised target to the Left. Happy Trading.
I believe the ape is getting ready to roar keep an eye on this one been watching it for some time now and believe it is ready to break out. There has been strong pressure both directions. Something is going to give most of the time it will pop up and burn a double play and then some. So stop on by and play some ape and see what happens looking for a dp here buy in...
searching for IOU within a large DP. Can be very rewarding. In this case the IOU was very clear and it reacted beautifully as its align to a key level.
Multiple engulf of DP. Price compressing in general. looking for a big short
QML search for entry on lower TF For Bearish Setup There is 4 type of pattern on smaller timeframe on 5M and 15M, all of them are engulfing candle that cover the whole left candle. Your entry level will be on the open (for bull candle) close (for bear candle) of the engulfed candle.
So in regards to my weekend idea i finally got an entry short late tuesday at 1.1374 after S1 had been touched and DP tested. But got my fingers smacked the day yesterday as it hit R1 and closed out in a loss at 1.1417. I dont see the long play so i only focus on shorts, today we finally hit S1 again, so now i wait for the DP test or the break of S1 to enter back in short.