Marketstructurepattern
AUD USD - bulls on parade towards 0.70G'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
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.
The video explains it all - Daily and weekly timeframe for reference
Daily PCP - using Rally, base rally scenario.
Bearish Daily move
Weekly
Do you enjoy the setups?
Professional analyst with 8+ 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 MMXXIV
GBPUSDAs a student in the financial markets, learning about the market is interesting and it's a long journey to begin with. GBPUSD having a accumulation, manipulation and now waiting for a distribution. Will GBPUSD make a move early next year along side with USA rate cuts? Let's see what year 2024 lead us to
I don't post much as I'm not a signal provider nor a financial advisor. But one thing is that learning how the market behaviour, reactions and structure, it's simply interesting to me. If you have any thoughts on GBPUSD, let me know down the comment area, let's discuss about it.
This will be my last post and trade of the year 2023 holding it till next year 2024. Wishing you guys out there trade safe and happy new 2024.
GBP JPY - Supply tap or further move in the imbalance?G'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
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
The monthly controls the way the market moves - so the monthly is showing a strong supply zone.
The imbalance has been tapped - however the monthly close has not indicated yet whether price will fall back to the PCP (weekly pivot) or a long term sell opportunity is present.
Do you enjoy the setups?
Professional analyst with 7+ 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
where to next?Being looking at CTSI for a while and this looks like a symmetrical triangle, which means it could go either way
However looks like RSI supports the move upwards
so I am gonna wait for a break out then place the trade
of course keep in mind after a break out there might be bull traps.
if we going long then 0.25 is the first place
if it doesn't break upwards and we go back down and it breaks downward then we are looking at 0.11
I will update with what my trade will look like soon
📊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.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
GBPUSD-Trending up?Price will most likely, continue to trend upwards towards the resistance zone at 1.23983. The price can bounce down to find support at 1.23400, before another push upwards. News from the Bank of England this week will be a significant factor in deciding whether the trend continues upwards.
📊 Market Structure: BOS VS CHOCH📊What is market structure?
Market structure is the levels that are created by the price of any currency as it moves up and down.
Price never moves in a single direction for too long. It always takes a few steps in one direction, then moves a few steps back, then a few more steps, then a few steps back.
Over time, these steps form distinct structures in the market: zones of consolidation, zones of support, zones of resistance, and zones where price impulses up and down.
Market structures that form in the past are often respected in the future, and analyzing previous market structure can form a basis for a trading plan.
BoS carries on in the same direction it was initially heading in where as a CHoCH can be viewed as the Markets turning point
🔷BOS - Break of structure forms in the direction of the trend creating continuation patterns.
Break of recent Lower Low when bearish or break of recent Higher High when bullish.
🔶CHOCH - Change of character form at the end of a trend. For example, if we see an uptrend in the market, characterized by higher highs and higher lows,
this means that the overall trend remains bullish. However, when a new high is formed and then impulsively broken to the downside,
this could signal that the bullish trend might be coming to an end, and that a possible choch transition may be happening.
👤 @algobuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
Market Structure Identification ✅Hello traders!
✅ MARKET STRUCUTURE .
Today we will talk about market structure in the financial markets, market structure is basically the understading where the institutional traders/investors are positioned are they short or long on certain financial asset, it is very important to be positioned your trading opportunities with the trend as the saying says trend is your friend follow the trend when you are taking trades that are alligned with the strucutre you have a better probability of them closing in profit.
✅ Types of Market Structure
Bearish Market Structure - institutions are positioned LONG, look only to enter long/buy trades, we are spotingt the bullish market strucutre if price is making higher highs (hh) and higher lows (hl)
Bullish Market Structure - institutions are positioned SHORT, look only to enter short/sell trades, we are spoting the bearish market strucutre when price is making lower highs (lh) and lower lows (ll)
Range Market Structure - the volumes on short/long trades are equall instiutions dont have a clear direction we are spoting this strucutre if we see price making equal highs and equal lows and is accumulating .
I hope I was clear enough so you can understand this very important trading concept, remember its not in the number its in the quality of the trades and to have a better quality try to allign every trading idea with the actual strucutre
Market Structure Identification ✅Hello traders!
✅ MARKET STRUCUTURE .
Today we will talk about market structure in the financial markets, market structure is basically the understading where the institutional traders/investors are positioned are they short or long on certain financial asset, it is very important to be positioned your trading opportunities with the trend as the saying says trend is your friend follow the trend when you are taking trades that are alligned with the strucutre you have a better probability of them closing in profit.
✅ Types of Market Structure
Bearish Market Structure - institutions are positioned LONG, look only to enter long/buy trades, we are spotingt the bullish market strucutre if price is making higher highs (hh) and higher lows (hl)
Bullish Market Structure - institutions are positioned SHORT, look only to enter short/sell trades, we are spoting the bearish market strucutre when price is making lower highs (lh) and lower lows (ll)
Range Market Structure - the volumes on short/long trades are equall instiutions dont have a clear direction we are spoting this strucutre if we see price making equal highs and equal lows and is accumulating .
I hope I was clear enough so you can understand this very important trading concept, remember its not in the number its in the quality of the trades and to have a better quality try to allign every trading idea with the actual strucutre
Market Structure Identification ✅Hello traders!
✅ MARKET STRUCUTURE .
Today we will talk about market structure in the financial markets, market structure is basically the understading where the institutional traders/investors are positioned are they short or long on certain financial asset, it is very important to be positioned your trading opportunities with the trend as the saying says trend is your friend follow the trend when you are taking trades that are alligned with the strucutre you have a better probability of them closing in profit.
✅ Types of Market Structure
Bearish Market Structure - institutions are positioned LONG, look only to enter long/buy trades, we are spotingt the bullish market strucutre if price is making higher highs (hh) and higher lows (hl)
Bullish Market Structure - institutions are positioned SHORT, look only to enter short/sell trades, we are spoting the bearish market strucutre when price is making lower highs (lh) and lower lows (ll)
Range Market Structure - the volumes on short/long trades are equall instiutions dont have a clear direction we are spoting this strucutre if we see price making equal highs and equal lows and is accumulating .
I hope I was clear enough so you can understand this very important trading concept, remember its not in the number its in the quality of the trades and to have a better quality try to allign every trading idea with the actual strucutre
Phases of Market Structure ✅‼️ The price can simply be found in one of the 3 phases below:
1.In a CONSOLIDATION
2.In an UPTREND
3.In a DOWNTREND
The bullish market is characterized by making Higher Highs and Higher Lows, but this characterization is not enough, it is necessary to say that bullish markets are always breaking swing Highs and respecting swing lows. The fact that the price has broken a swing high, indicates that higher prices should be expected, so it is negotiated in the trend in which the market structure was broken. (Vice-versa for bearish market strcuture)
Consolidation occurs when the price don't break a swing high or swing low and forming EH (Equal highs) and EL (Equal lows). In the most cases, after a consolidation the price manipulate and take liquidity above EH or below EL and then the price is distributed in another direction.
BTCUSDTPERP playbook 4H
-------------------------------------------------------------------------------------------------------------------------------------
EN---->
Bitcoin starts looking bullish but this position actually isn't considered to be a true reversal or start of Bullrun from multiple considerations.
The very same is being said by the MiniNinjaTB indicator that spots precisely trend breakouts and reversals.
Much more right below current levels we got massive support over 34k ish levels where is a lot of liquidity to grab but so far the price failed to fully reach those levels for longer periods than 2 4H candles.
Bitcoin struggles at these levels but its more likely to see a major jump in less than 4-6weeks as I expect institutional to get back into the game, last time when they had to prescribe the balance sheet for the EOY they took out totally out of the market almost 1Bn$ which is huge, but when they come back, they will come even stronger.
Macro is bullish but the current position is a no-trade range for me as we got a lack of buy pressure and the price level rose because of taking profits on SHORT trades.
Strongly recommend accumulating bitcoin!
--------------------------------------------------------------------------------------------------------------------------------------
RO----->
Bitcoin începe să arate optimist, dar această poziție de fapt nu este considerată o adevărată inversare sau un început al Bullrun din mai multe considerente.
Același lucru este spus și de indicatorul MiniNinjaTB, care identifică cu exactitate breakout-uri și inversări de tendință.
Mult mai mult chiar sub nivelurile actuale, am primit suport masiv peste niveluri de 34.000, unde este multă lichiditate de luat, dar până acum prețul nu a reușit să atingă pe deplin aceste niveluri pentru perioade mai lungi decât 2 lumânări 4H.
Bitcoin se luptă la aceste niveluri, dar este mai probabil să vadă un salt major în mai puțin de 4-6 săptămâni, deoarece mă aștept ca instituționalul să revină în joc, ultima dată când a trebuit să prescrie bilanțul pentru EOY pe care l-au scos complet. piața aproape de 1 miliard de dolari, ceea ce este uriaș, dar când se vor întoarce, vor veni și mai puternici.
Macro este optimist, dar poziția actuală este un interval fără tranzacții pentru mine, deoarece am avut o lipsă de presiune de cumpărare și nivelul prețurilor a crescut din cauza obținerii de profituri pe tranzacțiile SCURT.
Recomand cu tărie acumularea de bitcoin!
USDJPY CONFIRM THE BEARISH MOVES (TECHNICAL ANALYSIS) USDJPY CONFIRM THE BEARISH MOVES
it was noted that the ninja pair had been waiting for a confirmation in regards to pushing the price of the market towards the April 22, lowest point.
However, It all a came out of the tight range momentum the market has been undergoing in the past few days, luckily during the London trading session on Wednesday the volatility of the pair has managed to escape out of the hand of weaker volatility and it regains strength which tends to be stronger than ever before.
On the flip side, before the confirmation of the bearish move, when looking at the 4hour time Frame market players will noticed that there is a build up forming below the mid of the tight range price action, hence this build up should serves as a confirmation or an area of value where entry point and stop loss should be marked with.
To be precise the price of USDJPY eyes a negative correction along the lines of the April 22 lowest price level which is recorded at 107.810.
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
RANGING MARKET STRUCTUREFX:EURAUD
This is the Old Chart of EurAud, this the example of ranging market, it happened from june to october 2020
ranging market usually find on transition between different trend structure. There are 3 reversal pattern failed before the market change the trend.
you must be extra careful in this type of market structure. and this structure can be last for months
ECLERX has broken market structure NSE:ECLERX is above 200MA on the Weekly chart for the first time since July '18. A few days ago, I'd talked about how so many stocks that were underperforming since the past 3-4yrs are also breaking the bearish market structure.
While it does appear to be heading into some congestion, the broader trend has improved a lot thanks to the post-COVID bull run.
Note: My ideal buy price would've been when the price took support in the pullback around the blue horizontal line. The price is clearly quite high and it wouldn't make for a good risk-reward for my preferred setup. But that doesn't change the fact that it's an important hurdle cleared!
Elliott Wave Analysis by Wave FX, GBPJPY target : 145.00Hi Traders, here is my analysis on GbpJpy.
My method is based purely on Elliot Wave Principles and Price Action.
I’ve added a Key to help you understand my POV on the current price action.
Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.)
Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.)
INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board)
Setup Invalid (market still developing or correcting)
12345 ( Elliott 5 wave impulse cycle
ABC (simple market corrections)
WXY (Complex correction, 2 basic correction)
WXYXZ (Complex correction; 2 or more simple or basic correction)
Types of Correctional wave and their internal structure count:
a-b-c
Flat Correction (3-3-5)
Irregular correction (3-3-5)
ZigZag correction (5-3-5)
a-b-c-d-e
Triangles (3-3-3-3-3)
I hope you find my analysis helpful. Please make sure that you are following your own strategy when placing trades.
You comment and feedback are appreciated.
Elliot Wave Analysis by Wave FX GBPUSD to Decline. Target 1.3400Hi Traders, here is my analysis on GbpUsd.
My method is based purely on Elliot Wave Principles and Price Action.
I’ve added a Key to help you understand my POV on the current price action.
Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.)
Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.)
INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board)
Setup Invalid (market still developing or correcting)
12345 ( Elliott 5 wave impulse cycle
ABC (simple market corrections)
WXY (Complex correction, 2 basic correction)
WXYXZ (Complex correction; 2 or more simple or basic correction)
Types of Correctional waves and their internal structure count:
a-b-c
Flat Correction (3-3-5)
Irregular correction (3-3-5)
ZigZag correction (5-3-5)
a-b-c-d-e
Triangles (3-3-3-3-3)
I hope you find my analysis helpful. Please make sure that you are following your own strategy when placing trades.
You comment and feedback are appreciated.
USD CAD - Long and wait for it, longHello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Orange = Daily
Magenta = 8 Hour
Grey = 4hour
Pink = 1 hour
Monthly Imbalances
The monthly wicks also highlight a great opportunity where the imbalance is strongest within the wick zones at 1.466XX established. While this zone is a large trading gap - the best imbalances for price levels to work from here is on the weekly, daily, to execute sale positions.
Second to this, the monthly test occurring back in March 2020 created an imbalance high in line with the previous high of 2016, whereby the yen was showing strength from a fundamental perspective of the safe haven. The high of 1.466 was a structural high point where price indicated two key criteria;
1. Informing to positional buyers that the sellers have taken over the daily and weekly imbalance to create correctional move.
2. The key zone here is price hitting a monthly imbalance block at the structural high using the three month chart*
*Three month chart
What is evident here?
The imbalance perfectly aligns here as price touches the price close on the three month as assigned on the far left with the green arrow.
The second fill which occurred January 2020, touched the same zone between 1.39 - 1.46 - while a very large zone. The three month and weekly time frames provide a great indicator as that price has not wicked the previous high.
Price had to reverse from here, this is how the imbalance fill works where price perfectly reacts of a pivot point or a pricing inefficiency.
Weekly imbalances
From a weekly perspective, there has been a great opportunity to sell for the positional sellers within the 1.44 - 1.46 zone. The reason for this zones important is due to two reasons;
1. Price aligns with the weekly high fractal referring to June 2016 imbalance sell rejection. - Notice here that is key on all currency crosses.
2. When forming a sell position rally, base rally, or in a market shift 'poising' for a bearish continued market structure, the crucial aspect here is to understand the trading range on the daily and weekly timeframe where the maximum to the pip top of the range identifies with the 1.466 to 1.469X. The significance of this here is purely the closing out of the fractal pattern completing the cycle.
Cross asset relationship between asset crosses
Purple - XAU USD
Dark Blue - US500
The reason for showing this chart here is with Canada and US both contributing to the top ten countries in output for the commodity. The Correlation of using Gold against the Standard & Poors 500 index shows the inverse of the US dollar imbalance as opposed to the SPX bullish imbalances.
Gold is on a correctional imbalance as the Metal is cross correlated using a global investor asset whereas the focus on SPX is focused on the U.S markets.
Monthly View
USD CAD relationship with US OIL and EUR USD.
Again here is another cross asset whereby Oil heavily produced by the USA and Canada a like.
The EUR USD and Oil are both on bullish imbalances, however the imbalance on EUR USD has been confirmed and identified .
Purple - EUR USD
Dark Blue - US OIL
The weekly view and monthly are key to providing inverse correlations and look for pivot, fractals on higher timeframes. In order to fully comprehend why these are crosses are key, looking into the chart shows key structural areas which on USD CAD can show a long probability. However on the Oil chart, can show an identified Selling probability.
I. Weekly view
II. Monthly view
Fibonacci Extension
Using this pathway build upon how the market cycle repeats, the application of the Fibonacci can be used here to plot next moves for entry areas in conjunction with the higher time frame to use the price path to reach the desired targets.
Using the imbalance and Fibonacci tool also assists with trade management in terms of open interest fee's and furthermore exposure in short term trend shifts.
Weekly - Fibonacci extension
Daily Imbalances
The levels are clearly identified, using the main criteria from the monthly and weekly imbalances.
The levels on the daily take time to develop. Plot and assess upon price volatility and also the probability of the trade shifting direction , or in some cases, long term - dependant of the imbalance cycle*
4 Day view
This view has been added as the probability of a lower buying position could still be likely.
While the edge of the zone has been touched, for the price to regress back to original pivot point can create a higher low.
This will give a trading edge to assess the inefficient price and look for opportunities.
Entry criteria
- See this for an example -
I will execute upon confirmation of a liquidity rejection and inefficient price point touch.
Currently already long, but with a small position to assess the market conditions.
Do you enjoy the setups?
10 years combined analysis experience in capital markets
Focus on technical output not fundamentals
Position and swing trades
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,
Team LVPA MMXXI
NZDJPY – Taking a short sell entry hereNZDJPY price has been rejected from top of higher TF Rising wedge structure quite impulsively. Shortly after breaking the Rising wedge, it start to form a bearish continuation flag pattern and managed to break it by few pips on Friday.
This is a trigger for my short sell position on this pair with sl above the flag structure. 1st target is arround 77.000 area (about 1:3 RR ratio).
A convincing break below that level will open a long term sell opportunity with target still remain to be seen.
For now, lets see how will the price develop. Good Luck.
NZDCAD – Bearish momentum on the runNZDCAD price has been rejected from top of structure that I’have marked in my previous analysis. Now, it seems to continue its bearish momentum until recently.
Now, I want to see NZDCAD start to form a bearish continuation structure to confirm the further move to the downside. A break of any bearish continuation structure (At leash H1 TF or above) will trigger my additional short entry with sl above the continuation structure.
My first target is around 0.88800 area which is the bottom of big ascending structure. If the price can break that area, than we will have a larger profit zone. My second target is around 0.86300 area with final up to 0.82000 area in the long term.
For now, lets see how will the price develop. Good Luck.