Structure analysis of SOLANAthis analysis helps you to take more clear decision about your trades. still we are in consolidation trend and any break can be described as fake break out, so take supply and demand zones valid and trade carefully.
Structureanalysis
GOLD set for another climb!Instrument : GOLD
Possible direction : Bullish
Technical Analysis : Price has opened with a large gap and formed a shooting start int he direction of the major trend. Price already grabbed liquidity from the gap and my continue to rise as the major trend is up.
Possible trade recommendation : Bearish as per chart sketch
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BTC Structure analyze in daily time frameThere is a clear imbalance between volume and price and as much ad price goes higher in trend the volume drops. this imbalance can create sharp movement in both direction.
SOL Structure analyze at daily time frameFor sol we have a flat channel, price sill struggling to break above midline of channel. there is overlap between channel midline and volume profile and POC line of volume fixed profile.
GBPUSD I Trading strategy and technical overview 🔥Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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WATCH OUT FOR NEXT IMPULSEIn this analysis price made a double bottom before impulse On the dollar index price reverse up and now what we want to see the dollar price do is we need to see a continuation correction pattern to continue the trend. Note we are at the impulsive phase of the price we need more correction development to ride the trend.
I'm gonna share my Outlook on XXXUSD pairs like AUDUSD, EURUSD, GBPUSD soon and also my bias.
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MARKET STRUCTURE IN US_500 (SP_500)The S&P 500 index is currently in a bullish trend, forming higher highs and higher lows. However, it recently created a series of equal highs, followed by a lower low. If the index breaks below the recent low, it could be an indication that the trend is turning bearish. On the other hand, if it breaks above the equal highs, the bullish trend is likely to continue. Traders should keep a close eye on these key levels and use them as potential points in their trades. Happy trading!
USDJPY WEEKLY PLAN UPDATEHI all
I was aiming for a 50% retracement between the high (151.946) and the low (127.220)
The USDJPY is currently slightly bullish following a breakout from the consolidation area. which has a highest price of 132.908 and a lowest price of 130.570
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
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XAUUSD LONG IDEAHello traders!
Gold is still buliish and we go with the flow. The trend is our friend
BTCUSDT next possible positionsBINANCE:BTCUSDT
hi its the next possible move for BTCUSDT spot pair
its structure based analysis primarily to trade pull backs
stay tuned for more pairs
USOIL Retest SupportUSOIL is expected to test the support area before continuing to bear down or make a rise.
#USDCAD will it continue going lower??As far as market structure concerns we have 1H timeframe bearish impulsive move which broke the low and as a result formed a Lower low. since then price is in bullish corrective move which by the way shows price non-intention of going higher (otherwise it would be as an impulsive move)
Now price is at 4H timeframe Clean Break area which provides important resistance and also we had one very strong reaction off of this area which showed us how powerful is this area. now we are going to test that area once more and hopefully we can see the liquidation from above the previous wick so then we can open our short position.
Just remember price closing above the arrow means that the idea has failed and we need to wait for more confirmation.
#GBPJPY near 4h timeframe resistive area one againlook where price is one more time at an area where rejected clearly twice before plus it's a structural point too ( it use to be support but changed to resistance ) if you look at the left side of the chart. this cluster of resistance add to the importance of the area.
But the thing is matter most is not to rush into a trade as we have CPI news today and depends on what the numbers going to be it can cause price to break the resistance to the upside or to reject from.
If you want to have more comprehensive idea about what to expect of news are going to be released today and tomorrow I would recommend you to read the idea linked to this article.
But in summery, if CPI comes out equal or lower the prediction it would be good JPY and we can expect the downside move from GBPJPY .
#EURJPY selling position opportunityAs we discussed before in #JPYBASKET analysis ( you can see it in related ideas ) we believe JPY is aiming for higher prices due to technical and fundamental analysis, and in order to take advantage of this move we can sell other currencies against JPY.
Price currently in EURJPY pair is moving down and has formed bearish channel in 4H timeframe which can be tested one more time during today trading time or tomorrow. moreover, price managed to get very close to 4H timeframe high and base on market structure analysis if price want to continue moving downward in 4H timeframe it shouldn't close above this area.
In conclusion, for taking a short position on this pair base on 4H time frame we need to see price tap into any of two line drove above the price but fail to close above it. and then get rejected from the area. which can prove that sellers are in the market and also the capitulation move is over too. Also for more validation you can wait to see market structure in lower timeframe also shifted in the favor of the downside move.
#CHFJPY possible short opportunitySince JPY index shown potential upside move and already break above a bearish Daily channel as well as forming a reverse Head & Shoulder formation it gave us the idea of to be looking for a shorting opportunity on different JPY pairs like CHFJPY.
If JPY index keep going up to reach its one to one Head & Shoulder target projection then we can expect any upside rally on different JPY pairs can lead to another drop.
With all this being said now if you take a look at CHFJPY chart you can see price formed a bearish impulsive move and as a result of that move formed a new low. since then price been correcting that down side move and now it reached the static resistance area which you can call it structural point too and also 61.8% of Fibonacci level and 1H EMA. which all together can give us a resistive cluster.
moreover, price also did reject from the area just recently and formed two bearish 1H candles, which shows that sellers are there. but in order for us to be able to sell we need another bullish move in lower time frame. but unable to goes above the recent top and 1H EMA or at least wont close above it.
#AUDJPY sell opportunityPrice clear bearish structure in 1H timeframe, price shows reaction to structural point ( previously acting as a support but now its acting as a resistance area ).
Now for a short position we need price to comes up one more time and reject from the area and forming a kind of toping formation like double top which is possible in lower timeframe to be able to sell.
Also price taking out liquidity from above the arrow but failing to close above them is another great signal to take a sell position on this pair.
#USDCAD another sell opportunityPrice has formed a V-TOP chart pattern formation as you can see in 4H timeframe and also managed to close below 4H low which means that our structure now turned to bearish again. due to V-TOP formation price formed a bearish engulfing candle in Daily timeframe which is a strong signal for bearish move and also as we can see we are in overall in bearish move so we can interpret this daily candle as an continuation signal for higher wave cycle.
Now that we have bearish bias we should be looking for areas which potentially price can tap into in lower timeframe like 1H or lower, take out some liquidity and turn to the downside again.
#JPYbasket bullish move confirmationsyesterday red candle was not only a retest to a broken bearish channel upper line, but also head and shoulder neckline. in addition to these two confluence we should be aware that JPY index suffers a lot through past month during rate hike cycle of central banks and fall massively like never before.
But now that we have some confluences that we are close to end of rate hike cycle JPY has found some room to appreciate against other currencies and as a result in technical aspect we can see it had formed and broke bullish chart pattern and its no longer trading in bearish channel.
with the look at the text book chart pattern target we can see that price can come all the way up to the oldest bearish channel midline and from there we should be looking for other confirmation and change in macro-economy.
#EURCHF bearish move possibility from 2 areaAs you can see in the chart bearish impulsive move followed by a corrective bullish move which shows price intention of moving lower after completing its corrective move. now in this case we need to be looking for an area where corrective move may end.
for a bearish move to resume price need to take out enough liquidity in order to move down, as it can be seen in the chart 2 areas are close to price with enough liquidity resting above it. the closer is above the previous candle in the form of bearish engulfing and the further out area is a local top which formed in the bullish corrective move which price already test it twice and there are huge amount of liquidity there.
For taking a position from any of these 2 areas you need to remember:
that price need to tap into a area clearly. but unable to close above the area.
also it is possible that price fail to reach the zone but to engage in a position it should fit your strategy.
#GBPJPY selling opportunityprice bearish impulsive move broke market structure as well as short term bullish trendline to the downside. price is now below 1H, 30M, 15M EMA 200, and in last hour price formed a bearish engulfing candle which shows that sellers are now into the market after a short term bullish corrective move.
now that we have different confluence for bearish scenario we can sell this pair if following happen:
1- price fail to close above the arrow
2- price forming double top or failure swing formation. (both of the formations shows price failing to goes higher)
3- bearish engulfing candle stick formation
USDCAD: Potential SELL Opportunity!USDCAD: We are in a local bearish structure, price is approaching a potential area of supply, from this zone i expect price drop to a target marked on the chart
AUDUSD Ready to SELL!??AUDUSD: Price has reached a potential supply area, we can discern price converging in a broadening wedge approaching this area, I expect this pair to drop to a target marked on the chart.
SILVER: SELL continuation!SLIVER: local structure shifted to the downside, price mitigated previous area of SUPPLY. I expect this asset to continue to the downside
