XAUUSD long setup- I don't usually trade gold but this setup looks clean
- currently very bullish and have just played out of OTE area in the 4H range
- a nice 1H range forming to take the swing high 2081.46
Marketsructure
ETHUSDT [EDUCATION]ETH/USDT
As we all know, Ethereum is on a downtrend. But not only Ethereum but also other cryptocurrencies. If we take a closer look at Ethereum, we see that the market has fallen sharply since December 28. Is there really a market crash? Well I don't think so the price has touched a strong support level (2322.59) fib level (0.236) and is regaining strength. Also the market is looking to retouch the trendline or retouch price level (2763.82). Price is to much oversold so on a short term we will look for buy options!
NOTE:
BROKE 200 EMA.
Hit strong support level.
Formed an abcd pattern.
Price to much oversold on RSI.
GJ SHORTIt's been a while, but we're fully back. Last 2 weeks candles didn't form a new HH. Therefore we have high chances of dropping on GJ. Sell signals have started showing last week after H4 started breaking market structure to the downside. It also broke out of H4 Consolidation. I'll be looking to take sells at the return to M30 OB. Targets indicated on the charts.
Another thing to note, is that we have some weekly equal highs at 157.78 which might be taken out first before further drop.
All the best
GBPAUD Overview week commencing on the 13th Dec. 2021Weekly chart - closed strong bearish engulfing 2 weekly candles. Could still some bearish for this week.
Daily Chart - broke minor level of support came back around the area of previous resistance and rejected (could we come lower or potentially start raging?)
Previous Daily candle - doji showing some indecision around the "minor" support which can now potentially become support.
H4 Chart - Previous level of support broken and being retested a potential resistance now, in line with 38.2% Fib level.
30m Chart - ABC corrective (just reach TP level and new level of resistance established), 2 approaches can be taken:
Aggressive approach: if a double top scenario happens then short at the double top!
Conservative approach: wait for bearish confirmation on 30m Chart break of support level (then retest as resistance) before shorting
Follow up as the week goes on....
eurusd As for the daily TF we've been pushing up and we're now reaching a supply area where price could potentially react from seeing that allot of those who trade support and resistance will be looking to take shorts from there. If we go down to the 4hr to see how the structure is we can see how price failed to make a new higher high and has formed a DoubleTop (reversal pattern) we can also see how our previous low was broken by the most recent bearish candle. looking at this formation we can clearly see some bearish pressure, I would expect a lower high and then the next push to the downside.
This is not financial advice.
EURAUD for the moments aheadDescending channel.
Price was correcting , making a lower high, until momentum kicked in, breaking through previous structure lows and the 'bear flag'.
It should respect the higher timeframe's channel, since it has been doing it for the past several days. So, odds are on our side.
We should then expect a reversal, only confirmed by price breaking previous structure highs.
Market structure, baby!
Market outlook for GBP/JPY is still Long!! ( buy setup!!)Hello Guys, This is a quick break down of the pair and my perspective on the market, let me know in the comment section below if you have any questions, what you would like to learn from me, or anything of value that you wanna share,All entry will be based on multiple confirmation as stated on the videos, I suggest you keep this pair on your watchlist & use proper risk management.
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EURUSDStill Holding EURUSD, must respect the market structure, the price is only bearish at higher timeframes and we got a nice stop growing at 61 of fibonacci
