Smctrading
XAUUSD: 1 HR View Possible Retrace at $2430Dear Traders,
Gold has been ranging between $2460 to $2470 indicating a major correction in the market. Although we already have a buying entry on daily timeframe idea. Our that idea remain valid this is a secondary approach on what could happen in today or tomorrow.
Good Luck!
XAUUSD | Bearish Divergence Currently, XAUUSD (Gold) is in an uptrend, making new higher highs and higher lows, and moving within a parallel channel supported by its trendline. Additionally, fundamental factors are pushing gold to make new higher highs.
However, on the 1-hour time frame, there is a hidden bearish divergence, indicating a potential trend change to a downtrend. This suggests that soon, new lower highs (LH) and lower lows (LL) may form, and we can expect the price to test the trendline.
In summary:
Uptrend : Gold is making higher highs and higher lows and moving within a parallel channel supported by a trendline.
Fundamentals : Supporting the uptrend and pushing gold to new highs.
Hidden Bearish Divergence : On the 1-hour time frame, indicating a potential trend change to a downtrend.
Expectation : Potential formation of lower highs and lower lows, with the price possibly testing the trendline.
These signals suggest that while gold is currently in an uptrend, there are signs of a possible reversal. It is important to monitor these indicators and conduct further analysis before making trading decisions.
EUR/USD BUY Consider entering long positions near the upper range of the OB zone. Set a stop loss below the OB for protection. The initial target could be the lower bound of the FVG, with potential to extend to the upper bound if momentum is strong.
Key Points:
Entry: Near the top of the OB zone
Stop Loss: Below the OB
First Target: Lower bound of FVG
Extended Target: Upper bound of FVG
Swing Gold LongSeries of BOS long have occurred and now we’re seeing a major retracement for the 15M timeframe. A small range occurred being breaking out to the new swing high, leaving sell-side liquidity below the equal lows of the range. Expecting institutions to drive price below the range to pick up liquidity to fuel prices long again
SMC - BUY EURUSDConditions for setting up a Buy:
1. The trend on the H4 and H1 timeframes is upward
2. The price retraces to the Fib 0.5 - 0.618 zone
3. The Fib 0.5 - 0.618 zone is currently a liquidity zone.
Entry:
- Around the Fib 0.5 - 0.618 zone, a 0.5% Buy limit can be placed
- SL below Fib 0.618, TP at the nearest peak
- The remaining 0.5% will wait to see if the price moves to the Fib 0.5 - 0.618 zone and confirms a reversal candlestick pattern on a timeframe smaller than M15.
Note:
This is personal analysis for reference only. Take responsibility for your own potential losses.
SMC - BUY XAGUSDConditions for setting up a Buy:
1. The price returns to the liquidity zone
2. The price returns to the Fib 0.318 - 0.5 zone
3. Divergence appears on the H1 timeframe (waiting) and M15 timeframe (waiting)
4. The trend is upward on the H4 and H1 timeframes
Entry Point:
Around the Fib 0.318 - 0.5 zone, with mandatory divergence and a reversal candlestick pattern.
SL below the Fib 0.5 zone, TP: 31.750
Note: This is personal analysis for reference only. Take responsibility for your own potential losses
SMC - BUY EURCADConditions for setting up a Buy:
1. H4 and H1 trends are upward
2. The price retraces to the Fib 0.5 - 0.618 zone
3. According to SMC, the entry point is at the previous liquidity zone and right at the FVG area.
4. Located right on the upward trendline zone
Entry point:
- Place half of the order at a Limit of 1.48006, SL: 1.47760, TP: 1.48722
- The remaining half waits for a divergence signal or a reversal candlestick pattern at the Fib 0.5 - 0.618 zone on the M15 or M5 timeframe to Buy. SL and TP remain the same as the Limit order.
Note: This is personal analysis for reference only. Take responsibility for your own potential losses.
Crypto : 1000PEPEUSDT.P ORDER FLOW Entry15m : First Order Flow Mitigated( mandatory ) > Second Order Flow Demand Zone Mitigated
LTF(1m) : Liquidity Swept > Candle Confirmation(Bullish) > Entry
Note: Whenever 15m order flow doesn’t fully mitigated up to its order block, getting at least one confirmation from the liquidity side ( i.e liquidity sweep) in LTF(1m) will increase your chances of entering the trade. After the liquidity sweep, wait for a candle confirmation before entering with a limit order.
GBPJPY market structure analysis on 4 hour time frame4H swing is bullish
Internal (i) swing is bullish
Today the price rallied again and broke the strong top creating a bullish CHOCH signal and creating a new strong swing bottom.
The 4-hour trend will only turn bearish when the strong swing low is broken
My Theory Bias on Gold⚱️#XAUUSD (GOLD / U.S. Dollar)
⏰Time Frame : 4-hour
📌Status : Neutral
‼️ Important
📆26.06.2024
By investigating the #gold graph on the 4-hour time span, we can see that in the wake of stirring things up around town focus of $2337 from our last examination, gold confronted weighty selling pressure and neglected to arrive at the ensuing targets. Following this, gold encountered a huge drop, remedying down to $2304, and has since seen recharged request in the wake of social occasion liquidity underneath this level. As of now, gold is exchanging around $2315. We really want to check whether the cost can remain over this basic level for the following 8 hours. Assuming the cost falls beneath $2309 once more, it will probably enter the $2200 territory. Notwithstanding, in the event that gold can settle above $2320, we could see it rise again to $2329. This investigation will be refreshed appropriately.