A complete analysis of XAUUSD (gold)hello guys... are you okay?
Today, I want to analyze gold and look at its past to see what has happened. I noticed that after a sharp movement, a three drives pattern formed, followed by an engulfment of the last drive to form a QM pattern. At the same time, a double bottom was also formed, which led to the target being reached. However, I believe that gold now needs to undergo a correction of at least 0.33 of the last move.
I have considered two scenarios for this situation, and every area that gives confirmation in the 15-minute time frame is being monitored. I am currently waiting for further developments and confirmation before making any decisions.
However, it's important to keep in mind that technical analysis is not always accurate and market movements can be unpredictable. It is essential to consider other factors such as market sentiment, news, and overall market trends before making any trading decisions. It is always a good idea to have a proper risk management strategy in place and to seek the advice of a professional financial advisor before making any investment decisions.
Qmm
EURGBP READY TO MOON?In Technical perspective, major timeframe shows is clear uptrend. So, it’s safe to have long position to swing. Additionally, right now price near to,
1. QM Manipulation Level H4
2. Resistance become Support Area H4
3. Rally base Rally H1
These all buying opportunities area.
GOOD LUCK.
two positions for BTCUSDT ... check ithello guys...
let's check what happen to BTC
firstly formed a three-drive pattern and break out its ascending trendline...
secondly made a consolidation after break out and price from equilibrium decided to break down consolidation...
thirdly after break down make a falling knife and return to %0.3 of that pattern (knife support)...
now btc have 2 area that we can get positions..
first scenario:
entry: market
stop loss: 16350
tp1: 16060
tp4:15811
second scenario:
we are waiting until price reach to QMM level area or flag at break out then get position
entry: 16380
stop loss: 16500
tp1: 16200
tp3:16000
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
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