Multiple Time Frame Analysis
USDCAD OUTLOOKOn the 12 months chart, price shows an impulsive bearish move that took 6 years to complete. In tandem with price action, the bullish correction that is currently active has taken 14 years. Price is yet to contact a fresh long-term supply sitting at 1.544.
On the monthly and weekly charts, the structure is still the same. Price is seeking to contact a short term fresh supply at 1.44.
Once this region is contacted, we are likely to see bearish order flow setting in
GBPUSD Sell Setup- Daily: FVG Identification
- H4: FVG Identification
- H1: Entry Signal
1. Fair Value Gap (FVG):
On the H4 chart noted a Fair Value Gap (FVG) between 1.2700 - 1.2715
On the Daily chart also note FVG between 1.2680- 1.2712
2. Trend Confirmation:
Price has break consolidation support at 1.2715.
Price has rise back to Daily FVG area.
Price has touched H$ FVG area.
3. Position:
Entry: 1.2685
Stop Loss : 1.2725
Take Profit: 1.2500 (fibo 161.8 & previous low)
RRR : 1:4.6
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Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Reading Price Action to Tell a Chart's (Liquidity) StoryUsing Domino's Pizza in this case I want to show you how simple and practical it is to find important levels and to understand why price is doing what it's doing at a certain level. If we can map out where we are going to have to put a fight, and know why we are going to put up a fight (i.e. buyers or sellers, who needs what to win the fight, who is building liquidity and in control on a certain time frame) --> Then there is no reason why we shouldn't be able to identify solid trade opportunities and take them when they're given. If we are wrong on an analysis (i.e. we lose money on the trade), it's either that you're executing trades on a different time frame than your analysis is telling you to or there is something about your analysis that is wrong or not effective enough.
DPZ Analysis coming next..
Happy Trading :)
HTF (H1) 'Real' Market StructureTo follow up on the 'real' market structure from the Daily, here's my few (or 'Real' Market Structure) on the Hourly.
After the rejection of the Higher Low on the Daily Structure i said we wanted to see a shift on the Hourly.
Now we just can expect something, i won't spill the beans, but maybe you can make up your own mind ;-)
HTF (Daily) 'Real' Market StructureStill Bullish on the Daily ;-)
If you follow 'real' market structure, you will come to the conclusion that the HL is not broken yet so officially we are still bullish on the Daily.
We have been temting and flirting with the Higher Low, but it still isn't broken so if we get a sign of bullishness on the H1, we could ride it back up ;-)
Algo:Bullish Momentum Intact for a Potential Upside continuationAlgo/USDT has been one of the standout performers among altcoins over the past month, with the price soaring by over 500%. After peaking just above $0.60, the coin experienced a healthy correction, forming a local low at $0.35, a level slightly above March's high.
Following this correction, BINANCE:ALGOUSDT entered a consolidation phase, creating a base around the $0.40 mark. This consolidation suggests the market is gathering strength for another potential upward move.
Currently, the price action indicates that Algo/USDT may be preparing for a new leg higher, with a likely target at the significant resistance near $0.70.
From a strategic perspective, I remain bullish as long as the $0.32 support level holds firm. The suggested approach is to buy dips, capitalizing on opportunities within this uptrend.
Key Levels to Watch:
- Support: $0.35 (recent local low), $0.32 (critical support)
- Resistance: $0.60 (previous high), $0.70 (major target resistance)
Stock Of The Day / 12.16.24 / AVGO12.16.2024 / NASDAQ:AVGO
Fundamentals. Second day of growth on the back of a positive earnings report.
Technical analysis.
Daily chart: Exit upwards from a six-month accumulation.
Premarket: Gap Up on increased volume.
Trading session: Strong non-pullback growth from the opening of the session to the level of 247.00. We are looking for an opportunity to join the uptrend on a pullback. The price pulled back to the level of 238.00, after which it returned and showed a clear hold of the level of 240.00. We are considering a long trade to continue the upward movement.
Trading scenario: pullback along the trend (false breakout with retest) of level 240.00
Entry: 241.10 on impulse up after holding the level at 19:30
Stop: 239.44 we hide it behind the previous higher low
Exit: Close part of the position before the high of the day 247.00. Close the rest of the position around 248.89 after an unsuccessful attempt to update higher high.
Risk Rewards: 1/4
XAU/USD 17 December 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase.
Price Action Analysis:
Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity,
for two possible reasons.
1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high.
2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855.
Intraday Expectation:
Intraday expectation and alternative scenario as per points 1 and 2.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price Action Analysis:
Since last analysis dated 13 December 2024, price has printed a double bearish iBOS
Bullish CHoCH has been printed, therefore, we are now trading within an established internal structure.
Intraday Expectation:
Price has tapped in to M15 supply zone. Technically price to target weak internal low priced at 2,643.595.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart: