Marketstructure
Moving into Weekend 🏖️ Weekly Candle Pulling back As mentioned in yesterdays publishing, we were anticipating dollar strength moving into NFP. The market structure was a bit awkward moving into NFP with price consolidating testing to see if it
could hold 1.0918 as support. We punched through back to 1.089 with NFP data. Took advantage of these intuitions for the better then consequently ran into risk management issues. Nonetheless we have seen great sell opportunities these past 2 days to end the week and I'm not surprised. Moving into the weekend I think the weekly candle can cointinue to pullback and potentially gap down as we open next week. I've been talking about 1.0918 frequently as it will act as our Fakeout level on 4Hr Timeframe if we are right. If we are wrong, will range and ultimately like the bulls to do a solid break and retest above and beyond 1.0918. Have a good weekend.
📊Market Structure Breakdowns Pt.1Not every pattern or indicator is a confirmation that you should enter a trade. Understanding the market structure is key and in these series we will explain how to read a Bullish and Bearish market structure formation with multiple indicators/strategies and what you should look for before entering a trade. The markets are either trending up or down until they experience a reversal in the opposite direction. Do not fight the trend, trade alongside with it's direction until a confirmation of reversal. It is not about being right, it is about trading on the correct side of the trend.
📈Bullish Market Structure
A bullish market structure is characterized by a series of higher highs and higher lows, indicating that buyers are in control and there is a strong demand in the market with a strong upward momentum. Connecting the swing lows and swing highs will be a clear indicator of bulls pushing the price higher on each level and flipping the previous resistance into a support zone. A good way to trade a chart pattern such as a falling wedge, is to wait for the price to reach around the zone of support. That will indicate the end of the pattern and will give the best possible entry. To have confirmation of this, make sure that you are looking at the volume. When the end of the the falling wedge approachses the previous resistance turned-into-support, you should see volume coming inside the market to push the price higher. One key thing you must understand is that when resistance lines are crossed, they become new support and the cycle repeats until the trend break.
📉Bearish Market Structure
A bearish market structure in the other hand, has a series of lower higher and lower lows, indicating that the sellers are in control and there is a strong downward momentum in the market. In this case, we will be looking for short opportunities. The same confirmation of a short is the selling pressure that can be characterized by negative delta volume. To confirm a trend line as true, it should have at least 3 touches where the price rejected from back into a support zone. The market structure is not symmetrical, with perfect patterns that completely respect each and every line you draw. Most patterns and indicators look asymmetrical and have a skewness and you should adapt to it. The big players are waiting for you to place your stop loss right above your trend line or pattern then push the price right above it so you close your position and they get their orders filled to push the prices lower. Stop hunting is one of the most important things you need to understand, until the market makes a Higher High of an important level, the market has not changed structure and it's still trending downwards.
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EURCAD I Follow the market structureWelcome back! Let me know your thoughts in the comments!
** ERUCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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BTC LONG POSI'm just a beginner in trading with main concepts of ICT in crypto market.
As you can see we are having a inverse head and shoulder pattern which signals us for a long position. We expect to have a market structure break so that we can enter position on the red line.
We can enter on retracement after the msb.
For now let’s wait for the candles to materialize.
We are targeting HKEX:29300 liquidity sweep which has a weak buy side liquidity.
We can assume that HKEX:29500 is the max targe. But again let’s wait for the confirmation of msb.
Possible Reversal On GBPUSDHello folks, what do you think about GBPUSD?
I am anticipating price to dig down heavily after the pullback (area of value) is complete.
My analysis is based on two tfm: D1 and the 4hr tfm.
* Open your chart on the D1 tfm, most recent candle went all the way up to our main area of value (Supply zone) and got rejected forming a clear pinbar candle pattern which give a reversal signal.
* Same or similar pinbar candle pattern happen on the 4hr tfm.
* On the 4hr chart, there a breakout on our trendline, and now we are only wait8ng patiently on a pullback and sell the market.
Again, I can only trust my analysis, but one thing for sure... trading is a probability game and the market can do anything it like.
Much love
NZD/CHF sell setup 70 pipswe clearly see price is heading to the downside, price action respecting the daily timeframe and fib level of 50% and as we mark down in lower timeframe we clearly see price is respecting the resistance and nice momentum to downside
Nice risk to reward
Follow me more update
XAUUSD : Trading Gold with Harmonic butterfly patternOANDA:XAUUSD
Hi trader's .. i Hope you all are winning good profit from ,market and if not than no worry i am available for you help and assistance
As you can see perfect Harmonic pattern visible on chart
it's a bearish butterfly pattern , after completion of D leg market gives an 61.8 % retracement
Our target fully Hit , it's a 70 % accurate pattern , I have done 5 year's back testing on it
Market now on side way's breakout any side will tell the movement of gold
BUY ANALYSIS ON USDJPYThere are multiple confirmations for this buy trade. Firstly we have the change in market structure. secondly, we have the inverse head and shoulder pattern. Thirdly, we have the break out of the trend line after 3 touches. We can also see price try to break the support zone but it could not. So therefore, we await the retest of the trend line before we go long. Thank you
AUDJPY - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for AUDJPY .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Different Perspectives 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 on Daily: Left Chart
BTC is currently bullish trading inside the red rising broadening wedge pattern.
Here is why the 30,000 is a strong rejection:
1- Round number => 30,000
2- Classic Support Zone Turned Resistance from Weekly timeframe
3- Supply zone marked on the chart
4- Intersecting with the upper red trendline acting as a non-horizontal resistance
📉 Hence, as BTC approaches the 30k - 32k zone, we will be expecting the bears to take over for a medium-term correction.
📌 on H4: Right Chart
For now, we will remain bullish as long as BTC doesn't break a previous major low.
The current last major low is highlighted in gray around 26,700
📉 If we break below 26,700 expect a bearish correction to start till around 25,000 support / demand.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Narrow Range Trading and Potential Bearish TurnBitcoin has been trading in a narrow range, prompting some investors to consider putting their money into altcoins. The cryptocurrency is currently experiencing resistance at around $28,300 to $28,700, while the support level is at $26,800 to $27,000.
Bitcoin has faced some significant resistance in recent times, with a flush-out attempt on order block clearing. This is a sign that the cryptocurrency may be in for a bearish turn, and we could see a retest of recent support structures at 26,300, 25,400, and 24,700.
On the 4-hour timeframe, it is clear that the moving averages have spread out too quickly and too fast. Although MAs are not always the most reliable indicator for analyzing crypto prices, the underlying reasons suggest that there is more downside potential for Bitcoin. As a result, more money may be stuck on the downside in long orders, which will need to be picked up before there can be any further upward momentum.
Note that the Hourly EMA 50 for Bitcoin is currently at 27667. This could be an important level to watch for traders and investors who use technical analysis, as the EMA 50 can be a key indicator of short-term price movements. If the price of Bitcoin stays above this level, it could be seen as a bullish signal, whereas a drop below this level could suggest bearish momentum. However, it is important to note that technical analysis should always be used in conjunction with fundamental analysis and other factors that can impact the price of cryptocurrencies.
ETH/USD; waiting for opportunity to buyEthereum price look in the interesting scenario in H4 timeframe to buy in two points that I'm watching, and following this both scenario and model that I draw using blue arrow and purple arrow as model and trayectory to see in the next hours.
Meanwhile, we need to monitoring in Daily timeframe to know if Ethereum will still in this range that becoming a market trap and down to the $1,550 USD approx. But now, I will keep away of this trade and watching in the next hours if we see a good opportunity to long Ethereum.
Keep pending1!!
Weekly analysis USDJPY.For this week I like to share about USDJPY ideas. We clearly can see the structure still move like a normal market. Lower High, Lower Low. I expect the price will do Lower High at level that I'll markup. But, we must be neutral in the market. Don't blindly entry without any PRICE ACTION. Don't take this analysis as signal.
BTC USD - has the market bottom been captured? Time will tellG'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Three, Four Day
Orange = Daily
Note before reading - the BLX is a delayed by 1 day of data - so review live charts - logs worth best using the delayed data for future price setups.
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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 without log bands and with. This is a high level explanation, so the language used is to provide a blanket cover.
Daily Chart
Weekly chart without logarithm bands
Weekly - with logarithmic bands
Monthly - zoomed in
Monthly - market cycle since inception
Read more from the original model explaining all the relevant information needed to know on the market cycles by viewing the links;
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Professional analyst with 6+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
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NAS100As an investor and financial analyst, I am excited to share my latest analysis of the Nasdaq 100, along with my predictions for future trend changes based on a thorough analysis of supply and demand.
In my analysis, I have carefully examined the current market conditions, closely assessing various economic factors, including the performance of the top 100 companies listed on the Nasdaq stock exchange. My analysis is highly comprehensive, incorporating a range of technical and fundamental indicators to give an all-encompassing view of the market.
Based on this analysis, I have come to some exciting conclusions about the upcoming trend changes in the Nasdaq 100. My investigation of the supply and demand trends of the market reveals interesting patterns and developments that suggest a positive shift in the short term. I believe that the market is set for a major uptick, with several key stocks poised for a period of sustained growth.
If you're looking to stay ahead of the game in the fast-moving world of finance, then look no further. My analysis presents a unique insight into the market, shedding light on important trends, dynamics, strengths, and looming challenges in the coming quarters, on which you can lean to make informed trade decisions. Stay tuned for some game-changing intel!