Multiple Time Frame Analysis
EUR/USD Breakdown - Lesson in IDMTook a Loss here by misreading IDM on the 4H.
Price was Breaking Highs, so I leaned bullish, but didn't wait for that full IDM sequence to confirm.
Lesson: Take a few extra minutes to read the Higher TimeFrames Properly. No Rush.
This week's blueprint is simple: patience, clean structure, strong inducement first.
Also noting pair correlations: XAU/USD, EU, AND GU tend to move together. GJ/UJ on their own rhythm.
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No BREAKDOWN! Yet to decide the trend! As we can see despite the break it managed to close inside the structure and hence still the indecision remains in view as till it sustains either side of the structure, no directional move can be expected but gaps can be created due to war like situation leading to sluggishness in the market so plan your trades accordingly and keep watching
AUDCAD SHORT Market structure bearish on HTFs DW
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection At AOi
Daily previous Structure point
Around Psychological Level 0.89500
H4 Candlestick rejection
Levels 5.41
Entry 95%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
Gold is expected to fall below 3300, continue to short gold!Fundamentals:
1. Pay attention to whether the geopolitical conflicts escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran, etc.
Technical aspects:
Although the gold price gradually rebounded after hitting 3320 points, the current rebound momentum is relatively weak. The gold price has turned from strong to weak, and the short-term "M"-shaped top structure formed by 3435 points and 3414 points above has suppressed the upward space of the gold price. Therefore, we still focus on shorting gold after the rebound. First, we focus on the resistance area of 3355-3365 points above. If the gold price rebound fails to successfully break through this area, the gold price will fall again and is expected to continue to fall to around 3280 points.
Trading strategy:
Consider shorting gold after gold rebounds to the 3355-3365 area, target price: 3340