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Yinfire

XAUUSD Short PlanContinue the Wyckoff methodology and Volume Profile series, today I will do the analysis of XAUUSD. We can assume/define the Buying climax starting from Dec 15, then the price moves down to up, while the volume is just down, which means this wave may not be good - even if the price is still sideways up (Phase A). After that, take a look carefully at Phase B of this channel, the price is continuously sideways but the structure of the volume is broken with a climatic volume at the middle of the range - It is a warning signal as it should not appear as a general rule in the accumulation schemes and therefore could be a footprint to add in favor of the downward control. Focus in Phase C - UTAD, the price tries to leave the value area of the composite profile but is strongly rejected (bear engulfing candles - Dec 27 & 28). The market is not interested in trading at higher prices and that's a new signal is added in favor of sellers. The last signal: Do you see the price's momentum is very weak when it reaches back the UTAD? ----- Once again, this setup looks very basic, but it's really effective. Let's follow the plan and see what will happen.
OANDA:XAUUSDLong
by yinfire
BTCUSDTPERP - Long positionContinue the Wyckoff methodology and Volume Profile series, today I will do the analysis BTCUSDTPERP. As you can see after the sideway from Nov 10 until now, BTC holds the price range of 15k6 - 17k5. And from Dec 15 until now, the price is going down with the volume going down as well, is this the signal of low volume failed sales? Which plan do you prefer, orange or red? Personally, I'm following the orange plan. Can you share yours? Which coins/tokens that you want me to do the next analysis? As usual, this setup looks very basic, but it's really effective. Let's follow the plan and see what will happen.
Long
by yinfire
2
CADJPY Long PlanContinue the Wyckoff methodology and Volume Profile series, today I will do the analysis CADJPY. As we see after CADJPY went down from 110.2 to 99.5, the price hold in this area for more than 14 days - price range around under 2%. I did statistics from Jan 2022 until now, if the price is holding in the price range under 2% from 14 - 21 days, CADJPY will have a chance to pump. If the price reverse to the 99.67 - 99.42 area, I will do a long trade at 99.67 and the 2nd entry is 99.4, then hold it to 104.67 Once again, this setup looks very basic, but it's really effective. Let's follow the plan and see what will happen.
Long
by yinfire
AUDUSD short positionHow can we simplify the Technical Analysis? 1. Define the Supply & Demand Zone in the high time frame (like 8h or D). 2. Inside the Supply Zone, go to the lower timeframe like 2h, 1h, or 30m. Waiting for an up trendline is broken. Then define the smaller supply zone in this timeframe -> That's an opportunity sell zone. 3. Inside the Demand Zone, go to the lower timeframe like 2h, 1h, or 30m. Define where the downtrend line is broken, the define the smaller demand zone in this timeframe -> That's an opportunity target profit zone. Finally, take a coffee, and let's see what happens.
Short
by yinfire
BTCUSDTPERP - Short planThe strategy is based on the basic support and resistance context. But the special thing is I'm trying to forecast the trend that follows the Market behavior . Maybe you know the price action term, but how's about the Market behavior ? I'm a UI/UX Designer, Product Designer, most of the analysis that I already shared is following the context of Market behavior . What does It Mean? I believe you know about the Quasimodo Pattern, Flag Pattern, Double Top/Bottom, Head & Shoulder, etc... But do you know why these patterns are popular? Because It's appeared, repeated for a long time ago. The traders and investors found It many times and when they remember It, they wrote down and for know, that's the knowledge we learned. So what happens if we can flexibly define the pattern for each cryptocurrency? For the stock currency or forex as well? We write the pattern for each one, sometimes it's unique, sometimes it repeats. But finally, we are evolution changing - that's following the market. Let's drink the coffee and take time to see what happens next with BTC. Good luck!
Short
by yinfire
2
NZDCAD Long positionAs you can see, after dumping to 0.835xx, NZDCAD has some signal let us know the momentum selling is decrease. The market structure is changing from down to up with the small-signal in 1H timeframe with High - Higher and Low-Higher Low. Because we just found this structure in 1H time frame, that's why I think we need more time and more confirmation in a higher timeframe like 4H, 1D. So the safety strategy right here is intraday set up with a long position. The trading range may be in 0.835xx - 0.846xx. Good Luck
Long
by yinfire