Structureanalysis
USDJPY Trade Recap 19th July 2023How am I feeling pre-trade?
I am feeling confident in my mind, I forecasted the risk entry and not allowed little things to put me off the trade. Normally I would be saying things like ‘its gone past the hook’, ‘there needs to be a nice retrace or pin bar’ but ultimately it has all of the ingredients to sell. Ascending channel, meets AT hook with a 1H retrace candle. I am happy I did not allow these past issues to overcome my decision, this is also helping with my entry criteria and structure over candlesticks.
GBPJPY I It may descend towards supportWelcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
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EURAUD I Short opportunity explained 150 + pipsWelcome back! Let me know your thoughts in the comments!
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GBPNZD I Impulse flag and continuation
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** GBPNZD Analysis - Listen to video!
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XAUUSD 2023 YEARLY STRUCTURE OHLC [SELL SETUP🚨🚨 🚨]Please support this idea with LIKE if you find it useful.
XAUUSD
2023 YEARLY STRUCTURE
OHLC
Bearish divergence starting from 01 July, 2020 to current market Price in the monthly time frame.
Structure for this year is marked in red vertical line (January). Price opened high with April breaking above the open.
Currently have price consolidating below the sell zone 2017.870. A strong resistance is also in place 2080.140. Waiting for a TDI cross to confirm the presence of sellers in market .
Kindly target the yearly open 1931.722 as first Target after TDI crosses in the monthly time frame. Also find more entries in the lower time frame after this cross. Second take profit will be half of the “railroad tracks” at the open 1871.650
Trade with Caution.
Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
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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GBPUSD I Trading strategy and technical overview 🔥Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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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.
Do well to like,it helps with the algorithm
Thanks for reading
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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.
Like and subscribe and happy trading to all. cheers
#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 .