After (or maybe) finished the correction wave ABC, XAUUSD will be continue going up? I'm not sure about that, but when I view the chart, It's potential for a short scalping setup now on. What do you think? Can you share with me your view and let me know if you have any question.
XAUUSD short position - scalping. After the bull run last week, XAU has some signal that may change the direction in LT frame. Using simple strategy with volume profile, I think he will drop down tonight.
After finished the short-term for long setup , I continue to follow the moving waves of Elliott to plan the short setup. (Just click the hyperlink above to read the previous analysis) Combine Elliott Wave with Volume Profile help me easier to see the big picture. And now I'm waiting for the corrective wave to entry the short setup. How do you think about this...
Based on the Elliott Wave method, we can identify the price is moving the 189x. I will follow and update this plan till end of the 2023.
Following wyckoff method, after create the lpsy, the volume and pricing give the signal of sow, that's the confirmation for distribution setup. Then I will do a short trade for.
Continue 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...
Continue 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...
Continue 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...
Based on the Wyckoff methodology and Volume Profile, we can assume the current channel is distribution, and price potential moves down next week. If the price reverse to the 92.3 - 94.2 area, I will do a short trade at 92.6 and the 2nd entry is 94, then hold it to 84.7. This setup looks very basic, but it's really effective. Let's follow the plan and see what...
Simplest strategy, but will take profit or hit stop loss? Just try to focus on how the waves are moving when it's breaks the downtrend line, then define the SDZ, then waiting the price moves back to this area and start a long position.
How 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...
Based on the parallel channel, combine with the volume during Jan and Feb, this pricing are react when reaches the trendline of the channel. How's do you think about this analysis? A simple strategy with the highest reward that's you ever since? Once more time, drink coffee and see what happen next :D
Sometimes I trade in the small time frame and use some basic technical analysis like Wyckoff. With the high Reward/Risk Ratio and just using a small volume from the previous trade's profit, I think It's very safety even I lose but very nice If the pricing reaches the target profit. Just drinking the coffee and let's see what happens.
The 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...
As 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...
After one-year siding way in a down channel, EURGBP has the signal for a reverse wave in early 2022. If EURGBP truly changes to the uptrend, I think this up wave will reach the target during 2 - 3 months.
GBPUSD - Long setup During the up trend of GU, we find a sideway channel last week (30 & 31). Then today, GU sudden dumping strongly and break out the sideway channel, but focus on the volume, is it normal? I don't think so. May this dump wave just is the fakey? And then, GU will comeback to up trend? Let's see.
After sideway with a high ATR, I think EURGBP needs to do something truly huge. Maybe a pump wave or... dump wave? Based the basically to reading the Volume Profile, I think EURGPB has potentially to pump to the 0.868xx area. What is your oppinion. Let's share with me your view and following this trade together.