Gold 1D Analysis , Bears comingHello friends.
I saw a three top pattern in 1D chart and a bearish divergence included too.
after the 3rd time price touch 2050 Resistance level , we can see in picture below ,
Buyers couldnt lead price upper and Sellers came in strongly.
So , as you can see in Zoomed Chart , we have a Bearish Engulfing pattern there and
in the main chart , we see a decrease in RSI tops but 3 tops placed in a line.
this means the Trend will weak and the price will Drop.
I think our Swing targets are 1958 (Former Bottom)
and 1933(EMA 50).
Thank you for reading my IDEA.
PLZ share me your opinion.
Have good trades.
<<< LEARN first , then Omit L & EARN >>>
Sellersbuyers
XAUUSDOANDA:XAUUSD
D1 Timeframe shows a broadening descending wedge chart.
This could be a lucrative trend to the Upside.
However on the W1 TimeFrame there is a formed rising wedge.
Which means........BUYERS will Sell this current high price.
It is seems to be the year end SALE.
Analysis way - Buyers Vs Sellers ShiftsAnalyzing buyers vs sellers .
Very simple way of analyzing and trading supply demand in its purest form.
Identify where buyers has stepped in and showed interest in price and where is potential that they can step in again.
Identify where sellerss has stepped in and showed interest in price and where is potential that they can step in again.
Drop timeframe lower and -
1. see that for example Buyers are defending that level. and there is interest of buying.
2. identify shift of buyers vs sellers. see that the buyers have won battle against the sellers.
Price target: In uptrend price keeps breaking highs consistently. Once this stops and market keeps breaking lows trend changes. This highs and lows act as price target that If trend would continue price should hit and break higher.
Shifts: Shift where buyers won the battle against sellers and via versa.
USDCHF SELLERS MARKET ON DAILY BUT.....Hello Everyone,
Today we look at USDCHF breaking structure on the daily time frame so we should be looking at only sells but if we go into the 4hr time frame we see a LL(LOWER LOW) trying to break the previous LH(LOWER HIGH) so this could be the retracement for the daily that we're looking for either way if you're looking to trade this would be a good buy on the 4hr trade.
I normally don't like to counter trade but when it is on the 4hr time frame I make exceptions since they go hand to hand.
I will keep yall inform if I enter on a buy on the 4hr tf but in the meantime, I will be looking for sell on the daily.
IF you have any questions please feel free to reach out to me.
Are we setting up for another big bitcoin drop?The recent consolidation we are seeing has brought the downward trendline which resulted in price breaking down in November back into my attention.
Price had mostly been consolidating for October to November of 2018 before depreciating around 50%.
We are seeing something similar at the moment with price consolidating and forming higher lows and lower highs.
The trend line may not come into play and may not be relevant since the November breakdown but it is something that I am going to be aware of.
The key resistance level I am currently monitoring is from $4150 to $4250 where the price has found seller liquidity on numerous occasions already.
Let me know in the comments if you feel the trendline from 2018 is still relevant.
