MommaPreneur

MommaPreneur

Goooood Morning Tradingview!! It has been too long since I last published an idea. Today is a true gem!! I call it the 4 Hour U-Banger in honor of my Wisconsin roots. Whenever we had to turn the car around we would call it a "U-ey" so anyways we would "bang a Uey" lol Price does just that... We can see gold reaching new All Time Highs each and every week it...

20:00

MommaPreneur

Goooood Morning Tradingview!! I am back! I'm glad to be back! I have missed y'all!! Let's dive right in!! Ok, starting from our bad mama-jamma, Monthly timeframe we can see XAUUSD is taking off! We are in an obvious bullish momentum creating new ALL TIME HIGHS each month, meaning we are in uncharted territory... YET Each week I have presented ideas that have...

MommaPreneur

Gooooood Morning Tradingview 🌄 So for today, no surprise to anyone, I am staying patient 😌 what I would like to see is price reach back up to the orange 5m LQZ, preferably creating some form of structure like a flag, before entering. I do see more of the same, bearish momentum towards the Daily LQZ that never got touched this week. If I "miss" my entry no bjg...

MommaPreneur

Gooooood Morning Tradingview!! I'm back with another XAUUSD breakdown for today. So on this 15m chart we are in a bearish descending channel. On the topside of the channel we have 3 touches to the trend-line. The way in which price approached the this 3rd touch (correctively- Itty bitty bodied candles) in an ascending Channel- creating a pattern within a...

MommaPreneur

Gooooood Morning Tradingview!! Today (and tomorrow) this is the setup I'm waiting for. We can see here on the 15m price is starting to trickle up towards the 1H LQZ indicating she wants to slap that Uno reverse card. HOWEVER... The name of this game is Patience! Here's my setup: Wait for price to push up through the 1H LQZ (2670.639) getting people caught on...

09:02

MommaPreneur

In doing my multi-timeframe analysis from earlier in the evening I was bias long. However I wasn't sure if price wanted to make a deeper pullback to the 1H LQZ I had marked up or even come down for the 3rd touch of my trendline in the ascending wedge (reversal pattern). Dropping down to the 5m timeframe I saw price slowing and formed a hover. I could have set an...

MommaPreneur

Multi-Timeframe Analysis of XAUUSD 1. 4-Hour Chart Key Structure: All-Time High (ATH) at $2,600.318: This level acts as a strong resistance. Price has rejected this zone, showing an initial failure to break higher. Corrective Channel: The price has formed a small ascending corrective channel after the ATH rejection, which often indicates a potential...

13:39

MommaPreneur

4-Hour Chart: Consolidation Below All-Time High: After reaching the all-time high, the price is consolidating in a rising wedge pattern. This formation reflects indecision in the market, but the overall structure suggests potential for a downward move. Key Levels: 4H LQZ TP1 (2,550.342): A strong support level and a possible target for short positions if the...

MommaPreneur

Maverick Approach: As a Maverick, you're always looking for opportunities to make aggressive moves when the risk/reward seems enticing. Here's what stands out: Retracement into a Key Support Zone: The price is pulling back near the lower support channel and hovering around 2,498.860, just above the earlier consolidation zone. A Maverick would see this as a...

MommaPreneur

Analyzing this chart from the perspectives of both a Bold Maverick and an Analytic Rabbit offers a balanced approach that considers both high-risk, high-reward opportunities as well as methodical, calculated moves. Here's how each archetype might interpret the chart: Bold Maverick Perspective: Flag Patterns & Wedge: The Maverick would notice the multiple bullish...

19:35

MommaPreneur

Based on your archetype, a combination of the Bold Maverick and the Analytical Rabbit, you have a natural tendency to take calculated risks while also ensuring that those risks are backed by thorough analysis. This hybrid nature likely drives you to engage in trades that have high potential rewards, but only when they meet specific analytical criteria. Chart...

19:45

MommaPreneur

Overview: The provided XAU/USD charts show a market structure that's testing key liquidity zones (LQZ) and possibly forming reversal patterns. Your trading archetype, a mix of Bold Maverick and Analytical Rabbit, suggests that you likely lean towards taking calculated risks but need confirmation before executing trades. This archetype blend requires balancing...

20:00

MommaPreneur

Daily Timeframe Analysis- Pattern: Rising Wedge Description: The daily chart shows a rising wedge pattern. This pattern typically suggests a potential bearish reversal, especially if it appears after a prolonged uptrend. The wedge is narrowing as it moves upwards, indicating a possible weakening of bullish momentum. Implication: If the price breaks below the...

20:00

MommaPreneur

Monthly Chart (1M): The monthly chart shows a strong uptrend with consistent higher highs and higher lows. The current candle appears to be testing a resistance level, which is crucial as it may indicate whether the uptrend continues or pauses for a correction. The presence of a small consolidation pattern could suggest a potential breakout, either upwards if the...

MommaPreneur

Descending Channel: The price action was moving within a well-defined descending channel, indicating a short-term bearish trend. The upper and lower boundaries of the channel have been respected multiple times, reinforcing the pattern's validity. 4H LQZ (Liquidity Zone) at 2,501.592: The price reached the 4-hour Liquidity Zone around 2,501.592 and failed to...

14:56

MommaPreneur

Daily Chart Analysis: Ascending Channel: The price is moving within an ascending channel, indicating a bullish trend over a longer time frame. The upper trendline acts as resistance, and the lower trendline as support. Daily LQZ Levels: Several daily liquidity zones (LQZ) are marked: 2,532.560: Acting as a key resistance level. 2,470.480: Another support level,...

MommaPreneur

Here is an update everyone!! Price melted through both TP1 and TP2. I exited with about 72 pips on the day (right before news at 07:30CST). I could have definitely managed my trade better and exited when I saw 82 pips. When price came back up towards my initial entry, I could have taken another short position. However, I was happy with a 70+ tick day! Pips...

20:00

MommaPreneur

Weekly Chart (XAUUSD, 1W) Trend: The chart shows a clear uptrend, with the price steadily rising since mid-2022. The trend is currently in a consolidation phase, indicated by a wedge or ascending triangle pattern. Pattern: The price appears to be forming a continuation pattern (possibly a rising wedge or ascending channel), which typically indicates a potential...