XAUUSD Technical AnalysisHello guys 👋
XAUUSD on the 1D timeframe on forex.com has reached its lower low on the bullish trendline. Also touched it support area. Very potentially XAUUSD will return to the top to reach its lower high.
Lowerlow
I'm correcting errors mid-weekI decided to publish a video about the recent trades taken and the aftermath. I believe that I see structure clearly, however my bias changes depending on the timeframe. I'll be ultimately bearish on Sunday and Monday, then decide I want to be bullish Monday night to trade up to the sell. I understand that counter trend trading is dangerous to the risk: reward portfolio. This video will be watched back 2-3 times by myself as I learn more about the market from "teaching" it. I'll also be posting more videos regarding pre analysis, leading up the decision to take the trade.
Bitcoin seeking re-test of Head & Shoulders after LOWERLOWBitcoin is seeking its Lower High on the intraday 4H chart after confirmed the break of a neckline from a Head and shoulders patters. Price is currently respecting structure. The Daily shooting star at the back of a retested trendline suggests that there is sell strength near the neckline of this patters. I will be monitoring the 1H for a the re-test however the volatility must show for this to be a valid sell. This bullish push is all apart of a weak momentum swing high.
This setup will appear the clearest on 4H and 1H. I will take entry on the 30 or 1H.
Gold is still very bearish Intraday and MajorlyGold is still completing a Double Top from a daily perspective. The Daily is forming a lower low. The 4H timeframe is also creating lower lows and lower highs which tells me that intraday is a sell as well. I believe the momentum is bearish and now is the time to capitalize on shorting opportunities such as this one. The 1h created a clear very strong lower low breakout. There's an area of interest on the back of a broken Daily Trendline. I'll be monitoring the 1hour as well as the 30min chart for shorting opportunities. Targets for this short is the next Daily support level which happens to be just above a weekly support.
IntradayThirty Minute setup on AUDUSDI enjoy taking a miniature move within a larger scaled move. What we have on AUDSD is a 4h swing low to create a lower low. then a retest up to 38.8% then a rather quick continuation with the bearish trend. I'm looking to short on a 30minute setup. Simple lower lows and lower highs will support my decision to trade this pair.
BTC DAILY CHART ANALYSISCould BTC maybe repeat is past moves from januari 23 and march 11 ?
It seems like making a pullback back to the 24.000 zone ,what it also did on 16 februari !
What do you think ?
Could we see BTC go make a 55% bull run in e few days ,to the 38.000-40.000 zone ?
Massive 4H short for the almighty BitcoinLadies and gentlemen, we have a clear as day Bearish reversal signal in front of our very eyes. Bitcoin has confirmed a double top pattern for the right shoulder of a massive head and shoulders. I'm looking forward to shorting the re-test pf a pivotal neckline. I'm projecting a decline of at least 3,000 pips over the course of the entire move. Price is looking to continue creating its daily Lower Low as well as a breakout from consolidation. This pattern can be seen clearly from the daily as well as clear structure breaks on the 4 hour timeframe. I will be analyzing the 4H for the setup however my entries usually come from the 15/30 min. sometimes the Hourly. However I anticipate a strong volatile swing bullish before the decline.
What is Higher High, Higher Low, Lower Low, Lower High
In this educational article, we will discuss the foundation of price action analysis: the concepts of highs and lows.
In order to grasp that concept, you should learn to perceive the price chart as the sequence of zigzags.
Depending on the direction of the market and the shape of these zigzags, its peaks will be called differently. There are 6 types of them that you should learn to recognize.
1️⃣ Equal Highs (EH).
The peaks of bullish moves will be called equal highs, if they perfectly respect the same level (resistance), retracing from that and not managing to break above.
2️⃣ Equal Lows (EL).
The peaks of bearish moves will be called equal lows, if they perfectly respect the same level (support), bouncing from that and not managing to break below.
3️⃣ Higher High (HH).
The peak of a bullish move will be called Higher High, if the price manages to violate the previous high after a retracement.
4️⃣ Lower Low (LL).
The peak of a bearish move will be called Lower Low, if the price manages to violate the previous low after a pullback.
5️⃣ Higher Low (HL).
The peak of a bearish move will be called Higher Low if, after a retracement from the high, the price manages to set a low that is higher than the previous low.
6️⃣ Lower High (LH).
The peak of a bullish movement will be called Lower High if, after a pullback from the low, the price sets a high that is lower than the previous high.
Why these terms are so important?
Because, firstly, you can apply them to objectively identify the market trend.
Secondly, all the price action patterns are based on a combination of these highs and lows.
You should learn these terms by heart, and you should learn to perceive the price chart as the sequence of zigzags, with a strict designation of each peak.
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AUDCAD | Trend ReversalHere, the divergence caused the trend reversal. Now, we look at the LHs and LLs.
GBP/USD Short - MARCH RECAPA+ setup with GU
Strong support zone between 1.21497-1.21448 ... monitor P.A
If 30m candle is an engulf will have to exit and manage loss accordingly...
Play wise, price created a low and RT, found EMA R and bearish pinbar by London open indicating downside momentum !
Larger than average RR - 6.8
Going short on EURCADThe pair continues its bearish rally on hourly timeframe with breaking of yet another lower low, and seems to be on it's way to form a double top pattern
Get Ready for the Big One: Lower Low SoonCapitulation, VIX > 40+, the Big Dump of '23 maybe coming, and soon.
.382 Fibo at 3908, NB: R/S line right there, 200 pips under last top.
Unless JPowell indicates "No Time for Puts" on 1 Feb, expect a big disappointment. Bear will end when last bull throws in.
No reason to think JP will suddenly pivot policy. He told us twice now the Fed wont ease up until inflation hits 2% target.
When realization sinks in the dumping will begin. We ain't seen nothin yet.
2/3 Rule: 2/3 of the drop comes in last 1/3 of the chop.
IMO the latest move in December was just the First Wave. Be Ready.
Inflation is Transitory: twitter.com
XAG Market Structure Breaking Down
The chart above shows a 12hr outlook of Silver (XAG). The light blue trend line shows the macro lower highs that are being printed and this line has been respected several times. The current price action is now in an area revisiting this downtrend. This does not mean a reversal is imminent but gives us an indication that this is where a reversal would occur if it's going to. Let's look at the chart below for a close look at recent price action.
We are now zoomed in to the 1hr price action and can see the more recent market structure shown by the yellow line. The price action squeezed between our larger blue downtrend and this yellow uptrend before finally hopping outside of the yellow trendline. The price breaking the yellow trendline does not mean that a reversal is confirmed, it's simply the first potential point for the bears. But immediately following that trend line break, the price action has created a lower low as well as a lower high, both of which are very good signs that the bears are beginning to take control.
Not financial advice but this is sufficient for entering a short for my trading strategy. The short position shown on chart is simply a guide, as this will be the beginning on a new trend. My strategy is not to take a blind take profit but to continue monitoring this until the bulls begin to take control again and only then do I close my position.
NASDAQ READY FOR LOWER LOWS?We have seen a rejection from premium of the marked range. I think Nasdaq has run out of steam and we will see lower lows. So my bias is short. A tap into the highlighted '' fair value gap'' would be good. I'm staying out of the market as end of the year tends to get messy and volume will be lacking.
GOOD LUCK!
TWO TYPES OF LOWS CREATED There are TWO W FORMATIONS
1. Price makes Low. Retraces- Then makes Lower Low to take out last of Liquidity then goes Long.
This gives the Sniper 3 Entries: #DBPPlay
#Switch or wait for the #BreakAndRetest 🥶💰
2. Price establishes LOW comes off the low make a higher low than goes LONG. Look for W SET UP.
Another confluence is: If GBPUSD isn’t buying at the same time that’s the que that EURUSD is gonna GO 🚀🚀🚀
DCX INDIA!! best to buy! A MULTIBAGGER STOCK!!great sector, great business model with good fundametals.
listed with 40% premium in its IPO lisiting.
great to buy. since it has broken the trend of lower higher and lower lows.
volume is also pretty high.
a small cap company, which could prove a multibagger in future.
DXY attempting a double bottom breakout.We just achieved a higher high on the daily time frame with DXy’s price action. Considering how long the history of the chart covers (several decades) the larger weekly and monthly time frames lower high/lower low & higher high/higher low sequences are probably more important for bull and bear trends than the 1 day is. So even with a higher high on DXY’s 1 day chart it will still just be another lower high on the weekly and monthly charts unless price action can get above this top green horizontal at $121. So even if DXY were to trigger this double bottom breakout and hit it’s full target of $117 it would still technically be a lower high on the macro timeframes unless it kept going and made it above $121. The current macro chart has been in a lower high/lower low bear pattern since the 70s if not much earlier. Considering the dollar has lost 97% of its purchasing power over the years and we just printed a ton of money and will likely continue to do so with inflation continuing to fly more and more out of control…it seems more likely that DXY’s price action does not get above $121 and instead forms yet another macro lower high before it turns back around. If we do trigger this double bottom pattern however then crypto will likely continue to see prices drop while it heads toward the double bottom target, since the DXY and crypto seem inversely correlated. *not financial advice*
GBPCAD - Looking To Sell Pullbacks In the Short TermH4 - Price has reached a strong resistance zone.
Bearish divergence.
H1 - Bearish convergence.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds my short term view remains bearish here.
MSFT - Stair-Stepping DownMSFT appears to be reversing years of advance. Stair-Stepping Down. Watch key support.
UAL daily bullish hammer at local lowUAL daily bullish hammer at local low gotta be quick since countertrend. Stop loss below hammer wick, take profit to where it retraced last time we had a hammer at low.
GU long position According to my understanding of this GU at this moment is that it might welcome some long positions in the market then maybe the sellers might enter to take over due to price predicted using sentiment analysis reason of passing of the queen this might lead the pound to depreciate in value
Us30 Crucial PoiI personally believe that Us30 has retraced enough and there are valid reasons why I'm thinking price will push down and make lower lows. Price has delievered and liquidity has been taken. If you followed my previous analysis you might have even profited.
Good Luck!
