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LTF

XAUUSD 1H 25/04/2023Currently, in the one-hour chart, we are within a bearish range that spans from 2011 to 1969, with the latter being the range's liquidity point in this time frame. We notice that the price did not close above the first gray zone, which ranges from 1998 to 1989, so if the price returns to this area, we could expect a bearish reaction. On the other hand, if the price touches our second zone, ranging from 2008 to 2005, without performing a pullback, we could look for a bearish reaction to liquidate the range.
OANDA:XAUUSDShort
by mdr300896
HTF direction LTF execution Hello traders -In this example, we have explained the high probability setup after a reaction from a strong supply zone. - Here, we have an entry after the reaction from the supply zone, which we will break down in detail in the following steps; 1) We can see that the price is in a downtrend, and supply has full control. 2) The price moves towards the supply zone, and make liquidity 3) In one move, the price picks up liquidity, and we see a good reaction from the supply zone. 4) An impulsive reaction from the supply zone tells us that we have a strong supply zone and we can expect a downtrend 5) After the reaction from the supply zone, we see a nice momentum, and then the price starts to pullback to our entry. 6) The price creates liquidity, that's another positive confirmation we see here. 7) We currently have everything we want to see, and the price from our entry is expected to continue impulsively towards the downtrend - It is very important to read the PA in detail in order to understand the psychology behind the PA and to more easily recognize your high probability setup. -Other people do not look at the market the way we do. They do not look at everything in detail. They don't know that this is necessary because if they do not understand the language of the market, they will have a lot of problems. -It is hard, it requires time and hard work, and you need to be eager and well disciplined. -Once we learn the language of the market and the way it communicates with us, we will always be able to understand what the market is saying to us. - Don't forget to leave a like, if you have any questions, write us below in the comments.
Education
by hybridtradingfx
2
ERG WatchPoints of Confluence 1. price is ranging within the downward channel 2. support found around .23 and .38 fibs .5 acting as resistance 3. potential (speculation) H&S 4. price imbalance is "filling" I expect price to react with the thick black trend line as such: _eventually_ break up and out of the triangle come back down and re-test that range (the triangle as well as fib) price will _eventually_ continue with break-out, or fail, and repeat. H4 TF is so low for me, I'm more of a macro trend guy. DYOR.
by b6d1016fdeb149be865b678a8ac935
BTC LTF UPDATE! $50K OR $43K?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC/USDT update. BTC looks fine in LTF. BTC is making a broadening wedge structure in 1hr time frame. Currently, it is trading at $45,900 and holding the support of $45,500 well so far. I'm expecting a good bounce from here. BTC has a resistance at $47k. Once it breaks as well as this broadening wedge then we are ready to go $50k If BTC looses $45,500 support then next support for BTC is at $44k and at $43k I'm expecting a big move incoming soon. Let's send it to $50k What do you think guys? Do you think $50k is incoming or we have to see more correction? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
1
BTC: READY TO TEST $45K!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC /USDT update. BTC looks good in LTF. In my previous BTC update, I told you that $40.5k is an important support level and so far BTC holding that support and bounced. Now let's get to the chart. BTC is breaking out from a descending channel in 2hr time frame. It also made a bull flag-like structure inside the descending channel where the bull flag is already broken out. So far BTC looks strong and I'm expecting it to reach $45k-$46k resistance soon. Invalidation level:- If BTC again breaks and closes below $40.5k then this chart becomes invalid. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
12