mcy_trading

mcy_trading

Trading Idea for Gold (XAU/USD) Context: Gold has just completed a liquidity grab, forming a double top structure, followed by a sharp bearish candle. This suggests a potential exhaustion of the recent bullish rally. Based on the current structure and price action, the upcoming week could enter a corrective phase, especially after the strong upward momentum...

mcy_trading

Manipulation and Quick Reversal: On Monday, the price violently manipulated a critical zone before returning to its initial levels. This movement might indicate a liquidity grab, paving the way for an upward push. Likely Scenario: - Bullish: If the price breaks above the resistance around $102,000 and the upper IFVG 4H, it could aim for a new high. The...

mcy_trading

Analysis of the Gold 4H Chart Key Observations: Market Structure: The market is in a bullish trend, as evidenced by the creation of higher highs and higher lows. The recent price action suggests a potential pullback to mitigate imbalances before continuing the upward movement. Imbalances and FVGs : Multiple FVGs are present on the chart at different levels,...

mcy_trading

Market Context: The price action is showing a structured bullish move characterized by the filling of inefficiencies and clear liquidity grabs, followed by impulsive bullish continuation. Key Observations: FVG Levels: The chart highlights Fair Value Gaps (FVGs) around the $2,800 and $2,790 regions. These areas act as potential zones where price may retrace to...

mcy_trading

BTC/USD Daily Chart Analysis The chart displays a classic price structure that confirms a trend reversal followed by a sharp correction into a key OTE zone. This setup offers a compelling opportunity for bullish trading ideas based on a potential continuation of the uptrend. Here's the detailed analysis: Technical Context: Change of Character (ChoCh): A clear...