Sideways Setup on GoldHere is a classic set it and forget it trade for any sideways market.
Just remember to take a small risk and only trade this strategy in a sideways market.
I have this entire strategy written out with step by step instructions.
Click the link in my profile and I will send it to you.
Enjoy!
Chris Juliano
TrendCloud Trading
Supplyandemandzones
Xauusd buy & sellHello Friends, I'm back with another gold analysis.
Market is trapped between level 30 and 24 and is oscillating in 70 pips range. Above 30 we have level 37 then above it 47, in case market were to go down demand levels would be 16-12 and level 2008.
*Note that level 37 was tested yesterday and it would be second time being tested if price gets there.
Today's news will give energy to the market for next move so as always do your own assessment and analysis before taking any trades
*Be honorable
Pin rejections on demand zone |EURUSD potential riseEURUSD took out sell side liquidity (1.08445) and also buy side liquidity (1.09162) thus creates a demand zone (1.08396 - 1.08396) respected with two pin rejection without liquidating.
however i expect price to rise to 1.09332 as far as the demand zone remains in control.
XAUUSD|Trading positions in multi-time framesHello guys, I hope you are doing well. We have the gold chart in 1 hour time frame:
For gold, if you remember, we had an bullish order block area, which moved up well upon reaching this area, and it has also started to move up in the return to the candlestick that was formed in one hour and the demand area was formed.
The point that is important in the one-hour timeframe is the level (2030), which is a resistance on the way of gold.
But if we have a close candle above this level, we can hope for its upward trend until the next supply area, which is around (2038-2041).
In the time frame of 15 minutes, we have the refined area of that one-hour supply area, which we can enter selling positions when the price reaches this area.
In the 4-hour time frame, we had a support, and when we reached it, we moved upwards. As long as it is maintained, gold can achieve higher targets, but if this area is broken down, the numbers that can be expected are the supply areas (2005 -2008) and the next area (1990-1995).
w1 Demand zone | GBPJPY Short-term pull back (risky)GBPJPY is at demand zone(nested daily in weekly demand zone) there is a possibility for a short-term pull back, since GBPJPY is at extreme holding long is risky.
upon confirmation on the demand zone the possible target is 185.805 - 185.038 supply zone.
W1 and w2 zone are the two demand zone in control.
W1 and w2 zone are the last two imbalances remaining for a potential long term sell if eliminated since GBPJPY is at extreme.
Gold Buy Possibility
Opening Rush Takes out Sellers and creates new all time High
Quick Pullback has traders Sceptical of Direction
Weak Liquidation attempt adds more early buyers to the pool
Next move is a Structural attempt to break most recent consolidation high ( a failed attempt at the FVG or structural high signifies another liquidation attempt)
Possible area of final liquidation attempt has a great deal of confluencial factors, signifying a potential opportunity to join the uptrend
NB!
Theory 1
A break at the most recent consolidation high (above FVG) might cause another liquidation none the less, and has a stronger potential to signify continuation of the uptrend, it would also add buyers, which would possibly be liquidated and turned to sellers, adding more sellers for when the market actually rests and continues with the uptrend,
Theory 2
The final Liquidation does come to fruition due to structure attempt not failing, missing an opportunity to buy with the lowest risk
Theory 3
if Everything goes as expected, however the final liquidation area is taken out, no trade, Possible change in market direction.
Strategy Management
if All goes as planned,
Entry somewhere at golden Zone, with candlestick confirmation
Risk would be around 800 - 1000 points on 2 decimal brokers 8.00 - 10.00
Take profit around 3 - 10 times that total (Exits based on algorithmic confluences)
#Let Winners ride and cut losers short
#Buy Low, Sell High
#SMC
EURUSD Top-Down Analysis-BearishTaking into account that the higher timeframes dictates the price movement I started to analyze
the Monthly and Weekly chart first.
I noticed that on Monthly the order flow is Bearish and that we are right now in a Supply Zone .
On Weekly the price Changed the Structure from the big monthly Supply by liquidating a Structural Low .
Then I noted the Supply Zones in the weekly Range.
I dropped down on the 4h chart to see what the price is doing inside the weekly Supply Zone.
On 4h chart the trend is still bullish but can confirm the bearish continuation by closing below the structural low .
On the 30m chart the trend is bearish but we can take longs on 15m chart until the Supply zone on 30m is reached.
Then we will need to wait for either a confirmation that the trend will continue bearish or a change of structure to confirm the bullish continuation on 4h.
The Concept of Supply / Demand TradingThe principle of supply and demand trading involves identifying a counter-trend candle that precedes a sequence of three consecutive candles exhibiting strong bullish or bearish momentum. This specific candle is designated as the supply or demand level. The underlying theory posits that when the price retraces to the region where demand previously triggered a robust price movement, it is likely to encounter renewed demand, consequently attracting a larger number of buyers, thereby sustaining the prevailing trend.
Rule 1: The aggressive price movement must consist of 2-3 (3 preferred) candles that demonstrate remarkable strength in their respective directions.
Rule 2: The candle retracing to the demand zone should close outside of the zone, accompanied by a wick that reflects considerable strength.
December 1 2023 - GBPUSD Buy Trade ActivatedHi guys!
I have here a simple trade this week, checking the daily TF of pound dollar, i noticed a supply above (nov. 29 2023) -Nov. 30 move.
After checking the bullish move on daily---> 4h---> 3h-->2h--> 1h. I checked for possible demand zone and set a pending order in my mt5 raw account.
Nov 30 2023--> it reacted to my POI (point of interest) . so i wait until my pending order was activated . Indeed it really touched the price im aiming for and then i look for validity and proof of the zone. wyckoff accumulation on 5 min and 15 min tf. (please check chart for reference.
RR: 1:8
1% of capital aiming for 8 % on this trade.
Another great trade and wisdom from GOD. :)
Patience is always the key.
November 24, 2023- USDCAD SELL TradeRR: 1:6.6
Daily Structure is Bearish because of the 1D( supply zone 1.38880) , upon checking lower timeframe i saw a clear manipulation of highs and BOS to the downside starting from London to N.Y session last nov 23, so i set a pending order in my mt5 to anticipate the sell trade. After waiting for several hours, the trade was confirmed because of validity (check charts for full detail and clear annotation).
from Daily---> down to 4H----> to 1H structure then set pending order using POI of 15 min TF.
A clear wyckoff distribution takes place here.
another great week :)
XAUUSD BUY AND SELL Hi guys,
Today price tapped into 91-94 sell side area and it's been selling off ever since, Now there is an imbalance area from 79-74 which has to be resolved. Just below imbalance area there is a demand level should price fall i would expect a reversal from there. If our immediate demand level is broken next level would be 1967.
Be honorable