Marketstructurepattern
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.
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
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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
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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!
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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.
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.
GBPJPY – Nice BIG shifting of direction is happening!If you’re following my analysis, maybe maybe you guys are already bored with this, .. and I don't know how many times I've said it,.. but I want to say it once more,.. just be careful,.. the direction is starting to shift now,.. We are already seeing some nice shifting of direction these past 2 days and I’m expecting this to continue for a very long term.
The way the market move recently is a typical move and structure that I recognize to repeat itself and play over and over again. All risk currency keep going higher and higher in a corrective structure. Evenmore, they break significant inflection point area in daily timeframe just to retrace back impulsively like this. This is a common price move to catch more and more people on the wrongside of the market before the big real move start to happen. I do believe starting from now we will start to see a risk-off mood across all currency pairs, and when it does play, GBPJPY is surely one pair that we must keep an eye for.
In this pair, we can see a really nice ascending structure in multi high TF and it already showing us a nice rejection from the top of it.
I will wait for any break of continuation flag structure (minimum in H1 TF) to confirm the move to the downside.
I will just let the target open while trailling sl along the way as the market start to give a momentum. Lets see how far can this pair go.
On another hand, eventhough I see it as a least probable outcome, if the price break above the 25th February high at 150.800 area, it will nullify this forecast and I will wait for the market to shows it hand first by forming a better structure to see.
For now, let’s see how will this pair develop, good luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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NZDCAD – Still waiting for the completion BIG ascending structurUpdate from my previous forecast that I post on Feb 7th on this pair. The price move slowly the past 2 weeks and still havent come meet my entry criteria. I have evolve my trendline a bit to adjust with recent price action.
I still think this pair will make one last push to the upside and waiting for now until the price to finish its 3rd touch to complete its ascending structure, or at least until the double top area at 0.92800 area. Once the price has reach the area, I will wait for a clearly visible impulsive rejection from that area. Any break of bearish continuation pattern in lower TF will confirm the bearish move that I certainly will make sure to take advantage of.
For now, let’s see how will this pair develop, good luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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EURAUD – Short Term Sell before Big Buying OpportunityEURAUD is clearly in the middle of a downtrend. By the way its shaping in the High Time Frame no, its clearly already showing exhaustion signal by forming a downward sloping descending channel. Last wek, EURAUD price has just broken below a Lower TF Ascending channel structure impusively followed by break of bearish continuation flag in H1 TF.
I’m anticipating EURAUD to make one last leg to the downside up to the bottom of descending channel before it reverse to bullish phase. Considering the range from current price until the bottom of this channel, Its surely a sell opportunity that cant be ignored. However, I’m still consider this sell opportunity as short term bias so its still can reverse anytime soon. I will manage the position carefully with only small risk.
The real opportunity is still waiting for the price to reverse to the upside in my opinion. Once the price has reach the bottom of the descending channel, I will wait for a clearly visible impulsive rejection from that area. Any break of bullish continuation pattern will confirm the bullish move that I certainly will make sure to take advantage of.
For now, let’s see how will this pair develop, good luck..
__________________________________________________________________________________________________________________________________________________________
Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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