Gold Market Outlook: Bullish Momentum Ahead?
MARKET ANALYSIS
The Bitcoin market shows a bullish trend on both higher (1-hour) and lower (5-minute) timeframes.
KEY OBSERVATION
- Higher timeframe: Bullish trend with higher highs and higher lows, supported by an upward sloping channel.
- Lower timeframe: Bullish structure with a recent pullback, aligning with the overall bullish trajectory.
- Market structure: Bullish on higher timeframe, with a break above significant resistance.
- Liquidity zones: Key areas above current price on higher timeframe, and below recent lows on lower timeframe.
TRADE SETUP
Alignment between timeframes indicates a potential bullish trade setup.
ENTRY POINT AND CRITERIA
Wait for a sweep of sell-side liquidity near the lower fair value gap. Enter on bullish confirmation (e.g., strong rejection candle or bullish engulfing pattern).
RISK MANAGEMENT
- Stop Loss: Below recent swing low ($2730.56).
- Take Profit 1: Next resistance zone ($2763.43).
- Take Profit 2: Higher resistance level ($2786.06) if bullish momentum sustains.
INVALIDATION CRITERIA
If price breaks below identified support level, breaks bullish structure, or forms strong bearish candlesticks, invalidate the trade idea.
REMINDER
Wait for confirmation and avoid impulsive entries to ensure alignment with the overall bullish trend.
The Bitcoin market shows a bullish trend on both higher (1-hour) and lower (5-minute) timeframes.
KEY OBSERVATION
- Higher timeframe: Bullish trend with higher highs and higher lows, supported by an upward sloping channel.
- Lower timeframe: Bullish structure with a recent pullback, aligning with the overall bullish trajectory.
- Market structure: Bullish on higher timeframe, with a break above significant resistance.
- Liquidity zones: Key areas above current price on higher timeframe, and below recent lows on lower timeframe.
TRADE SETUP
Alignment between timeframes indicates a potential bullish trade setup.
ENTRY POINT AND CRITERIA
Wait for a sweep of sell-side liquidity near the lower fair value gap. Enter on bullish confirmation (e.g., strong rejection candle or bullish engulfing pattern).
RISK MANAGEMENT
- Stop Loss: Below recent swing low ($2730.56).
- Take Profit 1: Next resistance zone ($2763.43).
- Take Profit 2: Higher resistance level ($2786.06) if bullish momentum sustains.
INVALIDATION CRITERIA
If price breaks below identified support level, breaks bullish structure, or forms strong bearish candlesticks, invalidate the trade idea.
REMINDER
Wait for confirmation and avoid impulsive entries to ensure alignment with the overall bullish trend.
Disclaimer
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