GOLD|They are still the winners of the seller's marketAs we expected from gold, when we said that the selling pressure is more, it crossed the 2048 support area with great strength, in this area we did not have a suitable candle confirmation to enter the transaction. Arriving at the next support area that we mentioned before, by observing the pin bar candle Ascending in the price area of 2033, we could enter into buy transactions, which has already given us 160 pips of profit.
Continuing the movement with the growth experienced from the support area, I am still waiting for the price to reach the resistance areas to enter sell trades, the most important area ahead is the midline of the descending channel that has already been broken and the supply area price 2055. In case of reactions Returning from this area, as I said, we can place up to the price of 2035 equivalent to 200 pips for the profit limit.
Seller
SE- Watching For a BreakoutSE has seemingly found a bottom here as buyers step in. SE is currently sitting right on a big RSI-Based supply level after reclaiming its 20-day EMA. Will be watching SE closely for a breakout here as it has also formed a bullish ABCD harmonic pattern formed on the daily timeframe (Not Pictured). Additionally, SE is holding quite a large falling wedge on the Weekly Timeframe along with some bullish hidden divergence on the RSI and a Bullish Gartley harmonic pattern (See Attached Chart Below). Bollinger bands are squeezing as well on the 4-Hour timeframe accompanied by more bullish hidden divergence. Bullish & will be watching closely for a breakout if buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime-
- Falling Wedge on the Weekly Timeframe
- Bullish Gartley Harmonic Pattern on the Weekly Timeframe
- Bullish ABCD Harmonic Pattern formed on both the Daily and 4-Hour Timeframes
- Bollinger Bands Squeezing on the 4-Hour Timeframe
- Reclaimed the 20-day EMA
- Buyer Volume Picking up relative to seller volume
PT1- $128.57
PT2- $130.62
PT3- $132.74
PT4- $134.86+
--Weekly Timeframe--
--4-Hour Timeframe--
Analysis way - Buyers Vs Sellers ShiftsAnalyzing buyers vs sellers .
Very simple way of analyzing and trading supply demand in its purest form.
Identify where buyers has stepped in and showed interest in price and where is potential that they can step in again.
Identify where sellerss has stepped in and showed interest in price and where is potential that they can step in again.
Drop timeframe lower and -
1. see that for example Buyers are defending that level. and there is interest of buying.
2. identify shift of buyers vs sellers. see that the buyers have won battle against the sellers.
Price target: In uptrend price keeps breaking highs consistently. Once this stops and market keeps breaking lows trend changes. This highs and lows act as price target that If trend would continue price should hit and break higher.
Shifts: Shift where buyers won the battle against sellers and via versa.
Failed 3x Bullish Pinbar, SBR?D1 chart showing 3x straigh Bullish Pinbar, that failed/break. See the reaction for touch of each pinbar Low price. From below, touch #1, going down. Touch #2, going lower than previous. Now touching #3 Low price bullish pinbar candle. I expect this point for sell until at least nearest support, more than 1000pt perhaps.
Seller Re Entry at Fresh Top Candle Zone?Current seller makes Bearish Pinbar. And seems like this is the first seller trial, showing signal of possible seller getting more supply to make downtrend. Sign of H1 Bearish Pinbar and fresh Top candle supply zone, more likely I will sell entry starting from High price of Bearish Pinbar. For this pattern on H1, I will safe exit at starting of demand zone of bottom candle.
H4 Trendline BreakCurrent H4 candle close breaks trendline acting as Resistance. Break at 3rd touch. Expecting Lower Low. Current High after break, will makes 2nd Trendline. If 2nd Trendline is break, then I will be expecting pullback at 2nd Trendline that will act as RBS Resistance Became Support, for Uptrend possible Uptrend continuation after that.
ETHUSD False Break, Sell the HighsPrice has generally been accepted at 1220 for the past week and I expect to see a retrace at least to that area. With all the trouble BITSTAMP:ETHUSD has finding buyers above 1250 a retrace makes sense at least until there is more demand in ALT coins. Consider this, many bought ETH on these initial breaks, few if any made any profit and the smack off of these levels if often quick and violent. The swing low would be 1169 and with amount of volume that is conducted around there any at any price under 1200 for that matter, a drop to those levels makes sense with no defined price floor for ETH
GBPUSD POTENTIAL LONG OPPORTUNITY (1D CHART) GBPUSD POTENTIAL LONG
IF YOU TAKE A LOOK AT THIS CURRENCY PAIR ON HIGHER TIMEFRAME CHARTS YOU CAN SEE THAT GBPUSD HAS COME INTO ALL TIME YEARLY LOWS IN PRICE. LOOKING AT THE PAST MONTH OF TECHNICAL DATA YOU CAN SEE THAT GBPUSD HAS HAD BUYER INTEREST AND HAS BEEN MAKING HEALTHY MOVES TO THE UPSIDE. RECENTLY, LAST WEEK, AS YOU CAN SEE GBPUSD MADE A VERY STRONG 2%+ MOVE IN PRICE TO THE UPSIDE AND HAD BROKE ABOVE AND HELD ABOVE THE RECENT SIGNIFICANT STRUCTURE. BASED ON WHAT THIS PAIR IS DISPLAYING TO ME IT SEEMS THAT THE MARKET OF THE GBP IS WANTING TO RISE AGAINST THE DOLLAR. LETS TAKE A LOOK!
1D CHART:
*RECENT STRONG PUSH ABOVE STRUCTURE AS WELL AS OVER 100% MOVE FROM THE BUYER
*VERY STRONG MOMENTUM FROM BUYER
*HIGHER LOW FORMED ON DAILY CHART
*SIGNS OF UPCOMING BUYER MARKET ARE STARTING TO COME INTO PLAY
4H CHART:
*STARTING TO FORM A BUYER/UPTREND
*STRONG MOMENTUM FROM BUYER COMPARED TO SELLERS IN RECENT DATA
*LOOK FOR PULLBACK AND INTEREST FROM BUYER AGAIN FOR UPSIDE MOVE
1H CHART:
*USE FOR ENTRY/EXIT STRATEGY FOR MORE PRECISE TRADE ENTRY/EXIT
GOLD - SHORT Trade setup for a short on gold, i predict that gold will fall to 1163.50 in the coming days, chart shows strong downside. price has been in consolidation for the past week or so but this is just to give the market a chance to breathe and restructure itself. once this phase is over the sellers will regain control and take price down even further, good luck!
- Pauric Finnegan
EURCAD SHORT 1H (short term) EURCAD SHORT
4H Chart:
*This chart is displaying that this pair is in overall downtrend
*When retesting structure the seller showed a strong interest for this pair
*Heavy seller strength came in resulting in a lower-low lower close on 4H candle (bearish engulfing
1H Chart:
*This pair had come into structure on the 1H and been SLAMMED down by the seller
*Stronger momentum on seller side
*Look for one last re-test into structure before possible rollover
Always make sure to have a trading plan and to stay discipline to it. Never risk more than 2% of trading capital and always have a good risk/reward ratio.
Cheers!
CADJPY POTENTIAL FUTURE SHORTCADJPY POTENTIAL SHORT
1W Chart:
*The weekly chart last week displayed very strong seller power resulting in a large push to the downside by sellers
*The weekly had bearish engulfing candle with lower low lower close
*Strong seller momentum for one week
1D Chart:
*The daily chart is sitting at recent significant structure
*Based on the weekly timeframe (big boy) it seems that we may see another selloff in this pair
*Watch to see the buyers reaction at this level
*Watch for a weak re-test of structure around handle 85.400 (show seller stronger)
*Look to see how the 1D chart players react on the re-test (if there is one) as well as re-test of structure at the 85.400 handle
4H Chart:
*Watch this chart to get better specifics on momentum of buyers and sellers
*Use this timeframe to see how they react at structure, leading to see if this will be a good short or not!
Remember to always to stay discipline with your trading plan when trading. Always make sure to implement proper risk management with every trade. Have a good risk/reward and never risk more than 2% of trading capital per trade.
Cheers! Lets see what it does !
GBPJPY POST ANALYSIS SHORT GBPJPY SHORT
1Week Chart:
*Last attempt for buyers to come in\
*Lower Low lower close on 1W time frame going into this last week
1D Chart:
*Breach and break of buyer trend line on the daily timeframe
*Lower Low
4H Chart:
*Entry based on lower close of candle
*Good risk/reward
Entry: 144.700
Stop Loss: 147.500
Take Profit: 140.00
Always make sure to have a trading plan. Make sure to have a good risk/reward on every setup. Never risk more than 2% of capital per-trade.
If you have a good trading plan and stay disciplined to it you will have better trades. This trade is up over 200 standard pips.
Cheers!