DeGRAM | GOLD shortGold entered a consolidation phase.
The prerequisites for a further fall of the instrument are as follows: a downtrend, a deep complex false breakout, an upward local trend was broken, after a strong fall, the instrument does not roll back into a countertrend, but stands in strong accumulation, ahead of large targets, where there are many speculators (investors).
Therefore, I expect that after accumulation, gold will go down and the nearest target is the intersection of the trend support and local support at the point - 1740.
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DeGRAM | GBPAUD Growth after correctionThe currency pair has broken through the upper boundary of a very long and very wide consolidation.
If this breakout is true and after the correction and consolidation the instrument starts moving up, then this should be a very good movement, since a lot of energy has accumulated over the year.
I expect a correction to the upper border of the range, or a false breakout along the trend, or a slight consolidation on lower timeframes and further growth to at least 1.8554
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DeGRAM | BTCUSD False breakout. Will there be no growth?Bitcoin tested the local low and stopped at around 28600, making a false break and back above the level.
The strongest movements occur after false breakouts, as we can see, there is no particular reaction here, the instrument returns under pressure from sellers or due to the lack of buyers to retest strong support.
I still expect a continuation of the fall along the trend, at the bottom we have many key levels, to which, perhaps, a major player is striving.
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DeGRAM | EURUSD growth from levelThe currency pair made a false breakdown of the support level of 1.19, after which it returned to the level and forms a consolidation within a small range. The support is strong, it has been confirmed numerously, the trend is upward, the picture did not break even considering the strong news last week. They are trying to buy off a couple. I expect growth after the end of the consolidation to the upper border of the price channel and the resistance level of 1.2275
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DeGRAM | PHASES, MARKET BEHAVIORA Growing trend. Bull market
CONSOLIDATION (ACCUMULATION)
Large players risk unlocking the potential of the instrument, actively investing, although there is no clear picture of further growth. The market is full, big exchanges, big losses, someone manages to make money. Energy is accumulating
STRONG BULLISH TREND
The beginning of the excitement, news,
speculative activity, brokers, sales departments,
solid motivation for all speculators to purchase the
instrument. Technical traders make a lot of money
in these times of the market.
Capturing liquidity and deceiving participants by a large player. They drag the price above the previous peaks, supposedly showing that we will move up, and then turn around and go down, collect everything that is needed and after accumulation continue to follow the trend.
MADNESS STAGE
The market is very active, the participants catch up with the departing train and try to drop in to earn money.
A Falling trend. Bear market
DISTRIBUTION
Large players are exiting the market for high pitched reasons. There is unloading, distribution. Private traders are still active. High volumes. Decrease.
PANIC PHASE
More and more sellers appear, including large ones. The fall is accelerating, the sell-off is strong. Strong buyers change positions or leave the market.
The third phase is a huge drawdown, a hopeless situation for buyers. The downward movement is gradually stopping, but there is still no major buyer in the market, everything is characterized by negative news or market sentiment.
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DeGRAM | GOLD consolidation Gold is trading in the 1802 - 1764 range after a strong drop based on the news.
At the upper border, there is an intersection of several levels of resistance, which only strengthens it,
I expect this level of 1802 to be worked out with a further fall down to the lower border of the flat.
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DeGRAM | USDCHF fall from the upper boundThe instrument returned to retest the resistance level, but the distributive movement, which is approaching its exhaustion, is not able to break through strong levels.
I assume that the instrument will decline within the price channel along the trend to the support, from which the impulse began - 0.8924
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DeGRAM | PHASES, MARKET BEHAVIORA Growing trend. Bull market
CONSOLIDATION (ACCUMULATION)
Large players risk unlocking the potential of the instrument, actively investing, although there is no clear picture of further growth. The market is full, big exchanges, big losses, someone manages to make money. Energy is accumulating
STRONG BULLISH TREND
The beginning of the excitement, news,
speculative activity, brokers, sales departments,
solid motivation for all speculators to purchase the
instrument. Technical traders make a lot of money
in these times of the market.
Capturing liquidity and deceiving participants by a large player. They drag the price above the previous peaks, supposedly showing that we will move up, and then turn around and go down, collect everything that is needed and after accumulation continue to follow the trend.
MADNESS STAGE
The market is very active, the participants catch up with the departing train and try to drop in to earn money.
A Falling trend. Bear market
DISTRIBUTION
Large players are exiting the market for high pitched reasons. There is unloading, distribution. Private traders are still active. High volumes. Decrease.
PANIC PHASE
More and more sellers appear, including large ones. The fall is accelerating, the sell-off is strong. Strong buyers change positions or leave the market.
The third phase is a huge drawdown, a hopeless situation for buyers. The downward movement is gradually stopping, but there is still no major buyer in the market, everything is characterized by negative news or market sentiment.
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DeGRAM | NZDUSD false breakout. Growth The instrument came out of the long-term consolidation last week, thereby breaking through the strong trend support.
The price tested the strong level 0.69672 by making a false breakout.
I expect that this minimum rollback will reach the bottom of the consolidation, and if it goes higher and consolidates, then I would confidently count on continued growth and further.
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DeGRAM | EURUSD Working out the level. GrowthYesterday's daily bar closes above the important level for us - 1.1905, which is a strong support.
The price is within the boundaries of the ascending channel, consolidation above the indicated support is a good opportunity to enter the market with medium-term targets.
I expect a rise from 1.1905 to resistance 1.2177
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DeGRAM | EURUSD growth from channel supportThe currency pair stopped at the strong support of the price channel .
There is a transition to the accumulation phase.
There is no break in the trend, the instrument has not gone beyond the boundaries of the channel.
So far, I expect a change in the local trend to bullish and continued growth along the trend to overcome local tops and reach the intersection point of several resistance levels - 1.2536
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DeGRAM | GOLD in flatAs I said, gold is now in a range between two strong support levels of 1765 and resistance at 1799.
Since we have an actual bearish trend , then I expect a downward exit from accumulation and testing of the support trend line .
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DeGRAM | GOLD in flatAs I said, gold is now in a range between two strong support levels of 1765 and resistance at 1799.
Since we have an actual bearish trend, then I expect a downward exit from accumulation and testing of the support trend line.
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DeGRAM | EURGBP pinning and fallingThe price has broken through the strong support downwards, but cannot clearly gain a foothold, the level is cut, there is a strong struggle in the zone.
Several strong resistance levels pass above the price, which just cannot be broken through under the onslaught of a strong trend.
I am waiting for the fall of the instrument to strong support 0.8473
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DeGRAM | USDJPY longThe instrument made a false breakout on each side, this only indicates that someone is gaining a position to move.
Ahead is a rather large target, which, for the first time, last week, the pair did not reach a little, rolled back, got into a flat and enters the retest of the local peak at 110.8 and further - the global peak at 110.9.
I expect to rise to 110.9
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DeGRAM | EURUSD growth from channel supportThe currency pair stopped at the strong support of the price channel.
There is a transition to the accumulation phase.
There is no break in the trend, the instrument has not gone beyond the boundaries of the channel.
So far, I expect a change in the local trend to bullish and continued growth along the trend to overcome local tops and reach the intersection point of several resistance levels - 1.2536
-------------------
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DeGRAM | EURUSD Continued growth with the trend?After a strong distribution movement of 280 points, which got its energy from the news from the Fed, it stopped at the lower boundary of the global price channel .
There has not yet been a break in the trend; it remains bullish for the currency pair.
Near the channel support, there is a strong support at 1.1915,
I suppose that the breakdown of the border will be false,
I am waiting for the price to return and consolidate above 1.1915 and the continuation of further growth along the trend at least to the nearest strong resistance at 1.2178
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DeGRAM | GOLD in rangeGold fell sharply in price, breaking the trend completely.
The strong distribution movement stopped at the historical support level of 1764.9.
Usually, after distribution, the instrument enters the consolidation phase for a while, so I assume that gold will stop in the 1802-1764 range and trade a little here.
It is not yet clear what will happen next, whether it will recover or will take into account the broken bearish trend ...
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DeGRAM | Features of the MARKET STRUCTUREPrice action and market structure. Understand. Anticipate. Earn.
As advocates of technical analysis of price, we recognize that price and its traces on a chart are everything. Nothing else is needed.
Only one thing is important for us, we do not need to get away from everything and understand the price action and the structure of the market.
Price is a trace. What buyers and sellers leave behind on the battlefield, we have the right to use this advantage.
Thus, the price is the meeting point for decision-making by all market participants.
It does not matter what traders, speculators use technical analysis , inside information or fundamental analysis .
A careful analysis of price movements reveals areas of imbalance in market forces, which therefore offer interesting opportunities for profit - this is the main reason why we are fond of understanding price action and market structure.
The essence and important points when building a chart of price action and market structure.
The idea behind a chart is primarily to show where price has moved over time.
Supply and demand determine the price of something, and a chart is a graphical representation of historical changes in supply and demand , i.e., historical changes in the overall attitude of buyers and sellers towards the viewed product.
Clean charts:
is a powerful tool that can facilitate this integration and promote the development of intuition.
Focus on where it should be on price candles or bars and the evolving market structure.
Opening price. How important is it?
Annotate your charts with annual, monthly and weekly opening.
Price changes anytime, anywhere, and our charts become volatile because human emotions are influenced by the news.
You should always mark your schedules with annual, monthly, and weekly openings; and if you are an intraday trader, with a daily open.
due to backorders and order flow.
The price moves out of liquidity zones and returns to them.
When the year, month and week come to an end, large speculators seek to cover, change or open new positions.
Thus, there is a lot of "order changes", and at the same time, unfulfilled orders often remain: liquidity remains in the same place.
Thus, "smart money" gradually enters the market and, thus, does not always fully fill its position.
Hence, they have the choice to leave the order unfilled so that the price can raise it when / if the market returns.
This: triggers a reaction at these levels in terms of order flow, partially responsible for price memory.
Price. What is it?
Every player. From retail to institutional money.
But at the same time, who wins in the market: retail or institutions?
If you want to make money in the marketplace, you must stop thinking like a retail trader and start trading like institutions do.
Therefore, a good way to use these levels is to understand them in terms of accumulation / distribution .
The accumulation stage is followed by the expansion stage and the distribution stage.
You need to make sure that you are not a retail money, in other words, the “opposite side of smart money trading”.
Candles. Structure.
Each candlestick tells you a story about the structure of the market.
At this point, the main thing to understand is that candles are a graphical representation of price movement and therefore show the mindset and sentiment of the market, as well as any changes in that thinking and sentiment that may unfold.
This is why price tells you a story: because a candlestick can be broken down into its component parts to determine the direction of movement that it represents for price.
Basic Principles of Psychology Through Price Action
A green real body candlestick is created on the day the market closed higher than where it opened:
In other words, the price moved up during the day.
This means, if we use the basic principles of supply and demand , there were more buyers than sellers. In the market language I will use from now on, the bulls won.
The red real body candle is the result of the day when the market closed below the level at which it opened.
This means that sellers outweighed buyers or there was more supply than demand, causing the price to move lower.
In market conditions, it was a bearish day.
Output
Many people believe that price changes are random and unpredictable.
If this were true, the only logical course of action would be ... not to trade!
A correct reading of price action will enable you to understand and extract market structure from your chart.
Once you get this advantage, you can stay on the right side of the market.
Then you can sit quietly.
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
DeGRAM | Features of the MARKET STRUCTUREPrice action and market structure. Understand. Anticipate. Earn.
As advocates of technical analysis of price, we recognize that price and its traces on a chart are everything. Nothing else is needed.
Only one thing is important for us, we do not need to get away from everything and understand the price action and the structure of the market.
Price is a trace. What buyers and sellers leave behind on the battlefield, we have the right to use this advantage.
Thus, the price is the meeting point for decision-making by all market participants.
It does not matter what traders, speculators use technical analysis, inside information or fundamental analysis.
A careful analysis of price movements reveals areas of imbalance in market forces, which therefore offer interesting opportunities for profit - this is the main reason why we are fond of understanding price action and market structure.
The essence and important points when building a chart of price action and market structure.
The idea behind a chart is primarily to show where price has moved over time.
Supply and demand determine the price of something, and a chart is a graphical representation of historical changes in supply and demand, i.e., historical changes in the overall attitude of buyers and sellers towards the viewed product.
Clean charts:
is a powerful tool that can facilitate this integration and promote the development of intuition.
Focus on where it should be on price candles or bars and the evolving market structure.
Opening price. How important is it?
Annotate your charts with annual, monthly and weekly opening.
Price changes anytime, anywhere, and our charts become volatile because human emotions are influenced by the news.
You should always mark your schedules with annual, monthly, and weekly openings; and if you are an intraday trader, with a daily open.
due to backorders and order flow.
The price moves out of liquidity zones and returns to them.
When the year, month and week come to an end, large speculators seek to cover, change or open new positions.
Thus, there is a lot of "order changes", and at the same time, unfulfilled orders often remain: liquidity remains in the same place.
Thus, "smart money" gradually enters the market and, thus, does not always fully fill its position.
Hence, they have the choice to leave the order unfilled so that the price can raise it when / if the market returns.
This: triggers a reaction at these levels in terms of order flow, partially responsible for price memory.
Price. What is it?
Every player. From retail to institutional money.
But at the same time, who wins in the market: retail or institutions?
If you want to make money in the marketplace, you must stop thinking like a retail trader and start trading like institutions do.
Therefore, a good way to use these levels is to understand them in terms of accumulation / distribution.
The accumulation stage is followed by the expansion stage and the distribution stage.
You need to make sure that you are not a retail money, in other words, the “opposite side of smart money trading”.
Candles. Structure.
Each candlestick tells you a story about the structure of the market.
At this point, the main thing to understand is that candles are a graphical representation of price movement and therefore show the mindset and sentiment of the market, as well as any changes in that thinking and sentiment that may unfold.
This is why price tells you a story: because a candlestick can be broken down into its component parts to determine the direction of movement that it represents for price.
Basic Principles of Psychology Through Price Action
A green real body candlestick is created on the day the market closed higher than where it opened:
In other words, the price moved up during the day.
This means, if we use the basic principles of supply and demand, there were more buyers than sellers. In the market language I will use from now on, the bulls won.
The red real body candle is the result of the day when the market closed below the level at which it opened.
This means that sellers outweighed buyers or there was more supply than demand, causing the price to move lower.
In market conditions, it was a bearish day.
Output
Many people believe that price changes are random and unpredictable.
If this were true, the only logical course of action would be ... not to trade!
A correct reading of price action will enable you to understand and extract market structure from your chart.
Once you get this advantage, you can stay on the right side of the market.
Then you can sit quietly.
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
DeGRAM | GOLD in rangeGold fell sharply in price, breaking the trend completely.
The strong distribution movement stopped at the historical support level of 1764.9.
Usually, after distribution, the instrument enters the consolidation phase for a while, so I assume that gold will stop in the 1802-1764 range and trade a little here.
It is not yet clear what will happen next, whether it will recover or will take into account the broken bearish trend ...
-------------------
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DeGRAM | GBPJPY keep fallingThe instrument has broken down the price channel with a very strong impulse.
I think the key target is the support line 150.3. I expect a fall to this level after a slight correction from 151.9
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DeGRAM | GBPUSD end of correction and growthConsolidation under the resistance level did not give a proper reaction.
The instrument corrected to strong support, breaking several more levels on the way.
I expect a reaction from 1.38 in the form of a rebound or a false breakout and a continuation of the trend movement in the long-term priority in the form of a breakdown of the key level - 1.4239
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