Marketstructure
TOMMY XAU | BASIC MARKET STRUCTURE Good afternoon gold gang!
Thought id jump on here to talk to you about basic market structure, as its the basis for any strategy and super important to learn.
We can identify that the market moves 3 ways ..
up trend
down trend
sideways (consolidation)
I prefer to trade when the market is trending in either direction. I determine this by looking at the monthly and weekly candles.
In a trending market, i am looking to identify areas that the market can reverse from. If we are making a higher high for example .. I can identify that price is likely to pull back down to the key level it started its ascent from. From there i can wait for confirmations on the lower time frame to take a trade in the direction of the trend.
obviously this doesnt work everytime .. news etc .. but its always good to have it in the back of your mind the phase of the market you are currently in.
you will find with my strategy .. that price will make new structure points around my key levels ( the ones i place on my chart)
Hope this helps some of you out .. back to basics is sometimes the way to go if you are getting overwhelmed with information
Have a great sunday and see you tonight for the outlook
tommy
| BTCUSD | BULLISH INDICATORS IN THE SHORT AND LONGER TERM!!Good day all.
BTC is currently showing many bullish signals along side the BTC spot ETF news, which is currently in regulatory review but has more or less been approved by the SEC. This news alone is revolutionary for the market, however, we have not seen close to the gains one would expect out of this news. some would say it is due to the the XRP win over the SEC which has taken all the hype from this statement, however, I do believe this is accurate to an extent, but there are other forces at play here. I do feel the asset class is being suppressed for accumulative purposes, which in turn will eventually result in a spring effect which can result in the prices reaching highs of 50k plus in the weeks to come.
I would like to jump into some technical to add extra confluence to the topic at hand.
The 30k level has shown to be a strong point of resistance of of late, however, this level is primed for a breakout to the bulls as we have found a clear formation of a cup and handle.
Cup and handle: The pattern is currently primed for a breakout as we have found a lower time frame flag formation (bullish) at the tail end of the handle which generally is a great sign for a potential breakout. if this prediction comes to light we should see a generous move to the upside aided by the additional news as of late which strengthens the case. short term levels can find itself retesting or even breaking the 35k mark in the days that follow the breakout. Longer term predictions can result in the 45k level of resistance being tested before a major retracement is found.
EMAs: I am using the 18 and 100 EMA indicators for my analysis. As you can see the 18 has just crossed over which is a great signs for the bulls as it signals a trend reversal from consolidations into an uptrend which also falls in line with the cup and handle as well as the ETF news.
There is growing suspicion in the market at the market regarding the consolidation of price during such a pivotal time the Crypto history, however, one can only speculate the reason. All i can see from my opinion is the market is properly primed and ready for a break as the narrative has shifted so suddenly.
Thank you for your time here today, please feel free to like and comment if you found this article helpful to add extra confluence to your existing analysis. be safe and enjoy the bull market while it lasts.
USDJPY, Are the Bulls back in control?UJ was on a bearish run from 07/09-07/14. On the Friday before the market closed UJ reached a key daily Supply/Demand level and closed above the zone. In the screen shot above is a projection of where the market will go. To confirm the bullish run, price must close above the daily supply/demand area @138.776. Once the four hour candle is closed above the area, look for the next major 4 hour supply/demand area that price could possibly begin to reject. Once a pullback occurs and closes above either the daily supply/demand zone or 4hr supply/demand zone, take your long entries and hold to your comfort.
is this just a temporary bull market run or will the bears strike back?
CADJPY I'm anticipating to see a further bearish continuation movement of CADJPY as from what I have observed through my analysis, is that we're currently in a bullish leg which is supported by the continuation flags that form along the movement. On the current trade, I'm looking forward to a short trade on CADJPY as I'm given insight by the current continuation flag that is formed.
Smart Money Liquidity Grab Or Shift In Market Structure?Look at the Us30, and GBPUSD charts attached to this post, what do you see????
OANDA:GBPUSD
OANDA:US30USD
GBPUSD
Do you see a shift in market structure or Liquidity grab by smart money algorithm?
In financial market trading, one key to determine where the liquidity that the market will run next is located is to ask yourself who are those making money from the current move....
Where are they likely to trail their stops to.
Whatever your answer is, that is the liquidity the algorithm will most likely run first to continue in the intended direction...
In the charts examples attached to this post, market was bullish, then the smart money algorithm drive price lower to break the recent and obvious recent swing low to take out all the sell stops below that low, and induce new traders to go short thinking that the market is now bearish.
But price rebalance in imbalance below the lows and then push higher.
That is a smart money liquidity grab not shift in market structure.
With this understanding, you should now be able to understand that not all structure shift in a bullish or bearish market is a shift in market structure.
The majority are liquidity grabs by smart money algorithm.
Like my idea? Give a like to this post and drop your comment.
For more updates, give me a follow, you can also Dm for further enquiries.
USD JPY - Fresh demand zone, fresh buysG'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Three, Four Day
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed.
Daily
Weekly
Monthly
Do you enjoy the setups?
Professional analyst with 6+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIII
Gold Bullish AnticipationPrice is currently in a weekly Fair Value Gap (BISI) and has not fill the sell side inefficiency completely. Expecting price to fill the imbalance down to 1870 which is also a weekly reclaimed OB, thereby taking out June low (sell side liquidity) before making moves higher to 2080 and clearing the monthly buyside liquidity.
GOLD LAST DROP OF WAVE AConsidering the whole movement, we are currently in a corrective wave which contains three waves(ABC waves). Ending diagonal at the last wave of C and it carries 5 subwaves but we currently at the 4th wave. A breakout of the red trendline will signify more sells to to complete the 5th wave filling the defined gap clearly seen on D1 timeframe.
Bitcoin is Consolidating Upwards ₿Bitcoin is slowly probing into higher prices testing short liquidity and accumulating orders in view. After a 25% pump last week or 2 weeks ago whenever I would've liked to see Sellers take over already. Instead these " High prices" maintain and price sustains itself. Price is creating Higher Lows and is what should be anticipated in an increasing market. My thoughts are that we may see an increase in BTC early in the month here and a consequential pullback later in the month. The Level's I've drawn up will be the most relevant throughout the first half of this month.
Ethereum Retest after a Breakout 📕We've created a bottom wick on the new monthly candle of 2.5%. The Weekly candle closed strongly above the Weekly Resistance zone to the left hand side at $1,909. We can observe a clear Higher high in market structure that formed pushing price up to $1,976. We have clean traffic (clean and clear candles) to the left hand side on the 4hr and Daily timeframe up to $1,995. Textbook break and retest for Ethereum here for a continuation higher. Price is retesting our previous 4hr resistance which may turn into support.. It's possible price may want to retrace a bit more to $1,924 Daily support level that was formed after Sunday's price action.
4Hr Chart ->
Daily Chart ->
BANK NIFTY - ALL TARGETS DONE - 04/07/2023HELLO TRADERS
How was todays market
Today we have seen False BreakDown at the morning time
but that break down was fails in retest and again it comes back to Up movement and reached all targets perfectly
Are you happy with my nifty targets
How many Traders received this profits today
please Comment below in the Comment Box
I need all your Responses, Then only i will give more accurate Strategies daily with your support
Matic/Usdt Update Hello traders
In the previous post, the matic shared an opportunity to sell at 4H POI
Indeed, the price fell from it, but extracted the liquidity and continued to rise
Now, if it breaks 0.6800 with the body of a candle, we will look for buying opportunities to target the Swing High