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Breakofstructure

📊 Market Structure: BOS VS CHOCH📊What is market structure? Market structure is the levels that are created by the price of any currency as it moves up and down. Price never moves in a single direction for too long. It always takes a few steps in one direction, then moves a few steps back, then a few more steps, then a few steps back. Over time, these steps form distinct structures in the market: zones of consolidation, zones of support, zones of resistance, and zones where price impulses up and down. Market structures that form in the past are often respected in the future, and analyzing previous market structure can form a basis for a trading plan. BoS carries on in the same direction it was initially heading in where as a CHoCH can be viewed as the Markets turning point 🔷BOS - Break of structure forms in the direction of the trend creating continuation patterns. Break of recent Lower Low when bearish or break of recent Higher High when bullish. 🔶CHOCH - Change of character form at the end of a trend. For example, if we see an uptrend in the market, characterized by higher highs and higher lows, this means that the overall trend remains bullish. However, when a new high is formed and then impulsively broken to the downside, this could signal that the bullish trend might be coming to an end, and that a possible choch transition may be happening. 👤 @algobuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
7
GOLD SHORT TERM INTRADAY IDEANEWS PREPARATION FOR TONIGHT ( 18 Jan 2023 ) Technical - Liquidity grab during YCC News whereby there was short term DXY strength due to the weakness of the JXY. Price came back up and engulfed multiple 4hr candles to the left breaking this bull flag ( correction ) as seen on the chart. - Higher highs are forming now which we may see a shift in market structure again. Overall Gold is still very bullish and will not rule out our target at 1958 if 1928 breaks. Fundamentals - Gold has been very bullish due to a decrease in inflation and rising hopes for a fed pivot. - Tonight economic data would be ideal if the PPI prints either as per forecasted or prints a decline in PPI. - Retail sales printing lower than forecasted , worsening industrial production If these news prints in favour of a worsening dollar, do expect DXY to crash and Gold to continue its bullish momentum to retest 1928 key level. Upon breaking up possibly 1958. If the news prints vice versa, we will expect the dollar to go up and gold to crash. Either ways wait for news to be released and candle sticks to print. Do not fomo. What i do not want to see is mixed data whereby we may get poor ppi data and subsequent news at 10.15, 11 to show good data. This might cause consolidation through Asian the following day.
OANDA:XAUUSD
by CJ_GOLDPIPS
AUDNZD - Possible Short PositionPlease give me some feedback and let me know what you think. Multi time frame Analysis 1D Time Frame price is in a steam strong downtrend and respecting 50EMA and bounce from trendline giving a Short Bias 1D Time Frame Fib retracement zone lines up with trendline and 50EMA signaling a strong zone 1H time frame price current Long Bias as price broke trend line and structure, this signals a start of the retracement Setup and Entry Wait for price to reach Fib Zone and clear Price Action reacting to Zone Enter at the break of the short term Trendline and 50EMA
Short
by Bruce1_1Wayne
XAUUSD Bearish biasHello dear traders, I think gold will continue forming lower lows on its way to the weekly demand zone of 1590-1570 area. I have draw paths of possible impulse as break and retest areas. For bullish reversal, I want to see a clear break of 1660 zone with price action retest. Dollar is getting stronger and stronger with this solid and aggressive FED policy and the continuous rising yields. However, the global economy is not at the normal levels, so this USD strength might get exhausted after December. You can share your ideas on the comments!!! Good luck!
FX_IDC:XAUUSDShort
by The_Forex_Path
2
Bearish (SHORT) GBPUSD-DXY (US Dollar) is overall bullish, so I will be looking to buy/go long US pairs. -GU is in an overall downtrend and after some bearish pressure, expecting price to make a retracement. -Price formed a double top and broke below the neckline, ultimately creating a lower low. -I am expecting price to make a retracement and potentially stop hunt and test the 50.0-61.8 fib level, confirming the break of structure/testing the neckline of the double top. Please Like, Follow, Comment. What is your analysis?
Short
by NoCeilingsTrading
2
Do or die for long term Bitcoin bulls?As we can see on HTF $BTC charts, price has been moving in an upwards channel creating higher highs and higher lows ( breaks of structure confirming the continuation of the uptrend), but we have sinked into a lower low which would definitely count as a change of character of the market reversing the trend downwards. Do or die scenario is basically bouncing up from the demand point and forming a higher low constituting another change in the market's character to resume uptrend. From another bearish Point of view, we could also see a massive bearish flag forming on HTF charts as well targeting the same areas we would be targeting with supply vs. demand analysis. Please check linked idea to see how I expect the movement to be inside the bearish channel / flag before breaking out to the downside.
COINBASE:BTCUSDShort
by xcitedDelirium