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Market Structure | Impulse/CorrectionsMarket Structure | Impulse & Corrections 🎡😈 What is Market Structure? Market structure is a trend-following technique that traders use to read and track how the price moves. Bullish moves, bearish moves, and ranges in between Market structure is also known as price action at times. As a result, we call it market structure since that is how the entire market moves. How to identify Market Structure? Wait for a swing high/low to be broken. (candle-stick body must close above swing high/low) What is Market Structure telling us? in a Up-trend scenario, higher-lows will provide in a Down-trend scenario, high-highs will provide What is impulse/corrections? The natural behavior of the Market. What is correction? When price is in a ranging or sideways market. What is a impulse? The point when price impulsively breaks out of the correction How to use Impulse/Corrections? to identify which phase we are in, and what to expect next. Summary: Market structure is the guidance to a trade setup, failing to identify market structure will lead to many unnecessary losses and an overall bad analysis. Every trade consist of few things such as.. The first step to a trade is analysis which requires market structure in order to do so. Very simple rules to follow.. BUY LOW - SELL HIGH 🎡
OANDA:XAUUSDEducation
by FlyDownX
20
Gold - Another Drop Incoming?Currently, we have had a strong impulse followed by a slow retracement. The Impulse took out a major Low, showing Sign of Weakness (SoW) as the level couldn't hold. We also have an M - which is a bearish pattern where we can expect a bearish reaction at the mitigation block (MB). Additionally, the market is in an Optimal Trade Entry (OTE), where we can expect lower prices. Gold also just filled in the Fair value gap (FVG) that needed to be filled, and from here we can look at bearish pressure. We also have imbalance to the downside that also wants to get filled. Target? We have 3 perfectly equal lows, which is a goldmine for banks as retail traders have their orders here. And since it's GOLD, we all know gold loves to manipulate retail traders, so therefore I'm looking for a Sweep (Stop loss raid) below the line to take out retailers Stop losses, causing a so-called trapped market. Confirmation Summary: M formation, Impulse & Correction, SoW, We are inside OTE, FVG just filled, Imbalance, 3 Perfectly Equal Lows (SSL). Should the setup fail and gold starts moving higher, I'm looking at the level above the M formation where it says BSL @1833.43, and the nice equal highs @1903.77 higher up. The last Setup I posted on gold here on tradingview was a great success, as from where I posted the analysis it went straight to the pip of my target, with a downfall of 2300 pips. Now, I'm currently already in a sell position from 1791.525, and the trade is running nicely in 5R profit with stops at breakeven. Continuing to hold... This is just my perspective and idea, do your own research :)
FOREXCOM:XAUUSDShort
by Bastianelton
4
Forex Trading Analysis using the Smart Money Concept ForexForex Trading Analysis using the Smart Money Concept in Forex, after price action moves, there must surely be a reaction. Looking at the forex chart, saw that there was liquidity in the upper part of the NZD/CAD. There were both trendline and retail traders liquidity which was raided and price breaking market structure to the downside. Price gets to our points of interest, we don't enter blindly, we wait for our smaller timeframe entry confirmation to ensure the table is ready to dish the food. Only then will forex profits be guaranteed. Price might be willing to go down, but there is a fair value gap that is above price that might be respected if the current order block is not respected.
by fxtdforex