ForexExplained

ForexExplained

Price broke out of a corrective channel with a stream of higher highs and higher lows showing bullish potential. There is a macrocosm of an impulse - correction pattern taking place

ForexExplained

Sometimes we go for the most obvious pattern, and we get stopped out because it was institutional bait. But in this case I think there are enough indicators of the price going down. 1. macro bullish structure climbing up to a higher time frame supply zone 2. price formed bearish structure on micro scale and has broken and retested below a trend line 3. We are...

08:56

ForexExplained

Pay attention to market structure differentiate micro and macro. Chart patterns to navigate price

ForexExplained

Price is touching our support along the trendline and is projected to go up

ForexExplained

What's next for the GBPAUD? As price nears the support of a bullish corrective channel, a bearish channel pattern emerges out of the trend. We may see price react off the support and go up. Or it may continue it's descent.

ForexExplained

Currently the price is in a supply zone. We are waiting for LTF confirmation as there is another potential supply zone just above. We are looking to take price down to the FVG highlighted below.

ForexExplained

I've marked up the data surrounding this pair. The price has descended from a level of equal highs and is nearing our demand zone. We will look for the internal structure to confirm if it will respect this zone. The market has left some imbalance above the EQH's but it also has a potential supply zone just below.

ForexExplained

Price has tapped into a higher time frame supply and is projected to descend.

ForexExplained

We followed this pair after the price had broken structure to the upside and left an unmitigated order block below. Price formed liquidity as the overall market shifted from an uptrend to a corrective structure. We waited for the price to reach our level and once it tapped into our order block it reversed and went up.

00:04

ForexExplained

gu analysis using zones. price is in a down trend and it has broken and retested a previous zone. now it is touching the floor, we will see if it rebounds up to the ceiling before going down again

ForexExplained

- On my last post I set gold up for a SELL - Gold has broken and retested the support - It has touched the 240MA on the 4H TF - I’ve entered for a SELL with a tight SL - The TP is to the next support - Use proper risk management - ALSO: On the daily it may reach down before continuing its ascent to cancel all the ‘hamsters’ on a buy

ForexExplained

- Price has broken the daily trend to the next support - On the 4H chart it is retesting the zone as a ceiling - Using the 240MA as an entry trigger, wait for price to reach up to it before sell entry - Take profit is at the next support zone - Use proper risk management

ForexExplained

XAUUSD SHORT IDEA: - Price broke the daily trend to the next support - On the 4H chart the candle is retesting the zone as a ceiling - Using the 240MA wait for price to reach up to the MA before entering for a SELL - The MA is the entry trigger and the next support below is the take profit zone - Use proper risk management