SMC
Gold Analysis update.We have received today's news, and I want to share my thoughts on gold at the moment.
I am looking for the price to retrace into a 5-minute Fair Value Gap (FVG) and then produce a bearish momentum candle, which would allow me to enter a short position. However, if the price continues to move downward, I am anticipating a liquidity grab to get involved.
If the price does not do either of these things, I likely won’t trade for the rest of the day.
How TradingView Helps Me Not Miss TradesHey,
In this video I provide several examples that help me to not miss any trading opportunities and provide me more clarity and confidence in my trading. I share my trading style, the usage of tradingview alerts and multi-timeframe analysis to time it right.
Often traders struggle with missing trades, this is why you might miss them:
- Lack of confidence
- Lack of chart time
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If you solve them one by one, your trading performance can improve fast.
Kind regards,
Max Nieveld
S&P potential long when new york market opensas the bullish daily bias show us, we can see some liq to the downside that could be taken . after that we could react at the 70-80 % fib level , which is as well at the 1h Order Block . that would give us nice confirmation and we could take a trade if we get a good setup to that, the main thing is that we are bullish and that we want to get higher. but unfortunately everything can happen and we are not forcing trades. Risk 1-3 %
GBPUSD may rise from the Bullish Order BlockGBPUSD May Rise from the Bullish Order Block
Bullish Order Block: 1.25710 - 1.25671
Resistance Zone: 1.26130 - 1.26082
GBPUSD is showing potential for an upward move from the identified Bullish Order Block between 1.25710 and 1.25671. The price is currently consolidating between a support trendline and a resistance zone, indicating indecision in the market. If the price breaks above the resistance zone at 1.26130, we should wait for a retest to confirm the breakout and consider taking a long entry around that level.
Alternatively, if the price retraces to touch the bullish order block, it represents an excellent opportunity for a long position, as this area has a high probability of triggering a reversal. The combination of Smart Money Concepts (SMC) and technical patterns such as consolidation and breakout setups makes this trade idea robust.
FIBONACCI RETRACEMENT also given the confirmation from its major support level between 0.5 and 0.618. the order block is perfectly at the retracement level.
Let’s observe how the price reacts at these key levels. Proper risk management is crucial to ensure long-term success. Patience and discipline will be the keys to capitalizing on this opportunity!
GBPUSD / LONG / M15
LOT :- 0.3
Entry Price :- 1.25708
Take Profit :- 1.25927
Stop Loss :- 1.25489
Gold Outlook Gold is moving as on its path which is clear for it
As we see the chart chart tells us from daily prespective that yesterday's low is not yet broken gold has taken support from under yesterday low now its showing us rejection over that another confluence is gold has completed 68% fibonachi retracement over its daily chart now we will be seeing it as bullish bais
From 4H to 1H prespective gold has formed triple bottom and we are experiencing a change in volume we can expect a rally upwards in gold although we are still bearish on gold but seems like we are going to change our direction ⬆️
Bullish channel in to Imbalance (GOLD)price doesn't look great today, but I see a potential setup to go long. I need to see the price break above the 1-minute lower-high (LH) swing level. Once that happens, I can look for a Fair Value Gap (FVG), imbalance, or other indicators. I will only take a trade after the price retraces to a FVG, imbalance, or order block, and I will look for a bullish momentum candle in those areas of interest.
How To Use Multi-Timeframe AnalysisHey,
In this video, I dive into the methods of multi-timeframe analysis, exploring how to use daily, weekly, and monthly charts alongside intraday charts like the 4-hour to gain a clearer picture of price movement.
Multi-timeframe analysis helps you view the same data through different lenses, allowing you to make predictions across various time horizons.
For example, a weekly trend or a monthly move can appear as a complete trend on lower timeframes.
By integrating these perspectives, you can better understand what price action is indicating and make informed decisions.
Kind regards,
Max