Sphinx_Trading

Sphinx_Trading

- Price broke range structure swing low with a big bearish 4H candle. - Price rised after making a new LL and broke range strucutre swing high (Change of character). - We will wait for a retest on next demand zone at (84.600 - 84.800) for good risk ratio.

Sphinx_Trading

- Price broke last swing low making a liquidity grab & divergence at a very strong demand zone at 1.1500. - We can observe a descending corrective channel after price broke 1.13000 zone. - We have 2 pivot lines for buying pivot 1: (1.1900) Pivot 2: (1.2100)

Sphinx_Trading

- Price retested on 1800 supply zone many times and made a lower high also this will be structure swing high. - We can observe a descending corrective channel after price broke 1785 demand zone. - We may have a bullish movement from 1740 demand zone to the next supply zone at 1785.

Sphinx_Trading

- So many equal highs formed at (163.500) supply zone (Structure Swing High). - Price made LL also broke the last Low with an impulsive bearish movement at (162.150) - We will wait for a confirmation at (162.600) to sell it.

Sphinx_Trading

- Price Price hit 135.00 supply zone it started dropping with a big impulse movement and broke our last structure at 132.500 (Change of Character) - We can observe a liquidity grab at 132.00 and price started rising slowly in a corrective movement. - We might have a big bearish reaction from our next strong supply zone (Blue zone). - This is an interesting price...

Sphinx_Trading

- Price Reached 1800.00 daily supply zone with an ascending corrective channel after a long bullish run from 1720.00 Demand zone. - We can observe a bearish pressure from the supply zone also price formed a lower high. - Demand zones for Tp: 1760.00 - 1720.00 - 1680.00 *Pivot line as a confirmation for selling (1783.00)

Sphinx_Trading

- Price broke last structure at 134.500 on at 5 AUG and start making a consolidation. - We can observe a strong bullish pressure from our trendline. - Price might continue ranging till it hits our trendline roughly 134.700 *Pivot line as a confirmation for Buying at (135.500)

Sphinx_Trading

- Price broke last daily structure in 5 JUL with a big bearish movement. - Price hit (0.99500) and start making rising in a slow corrective move. - We can that price did not break our weekly swing high. * Pivot line as a confirmation for selling at (1.01400).

Sphinx_Trading

- After price broke 1740.00 zone, started to rise slowly in an ascending corrective channel till it hit 1790.00 zone. - Price dropped with a big bearish movement, broke the trendline also broke the last low at 1765.00. - We can wait for a pullback to 1780.00 zone only then we can think forshorting it * Pivot line as a confirmation for selling at 1770.00

Sphinx_Trading

- Price broke 161.00 zone since the first of JUN and we can see price is ranging making equal highs and lows. - after retesting twice on the 166.00 supply zone price started to fall aggressively with an impulse movement. - Now we are at 161.00 Demand zone and we can see bearish exhaustion as an descending corrective channel. * Pivot line as a confirmation for...

Sphinx_Trading

- Huge 1H closure from the 33k strong supply zone. - We can observe the exhaustion of the price before reaching 33k and that formed a divergence so that might be a good confirmation. - if price broke 32500 - 23700 zone, we might then have a big bearish movement to 32k demand zone.

Sphinx_Trading

- Price formed double top pattern on 1740.00 supply zone. - We can predict a LL after retesting twice on a strong supply zone. - We can wait for another retest on 1730.00. - Our pivot line will be at 1724.00.

Sphinx_Trading

- Price broke the last last supply zone with a big impulse movement. - Price started making consolidation and dropped to 31500 to retest with a long 4H wick. * If price broke 32100 we might put a long setup to catch +1000

Sphinx_Trading Updated 

- Gold has been falling slowly in a consolidation corrective channel since 7 JUL. - Price still making HL and failed to broke 1720.00 many times. - Last 2 4H candles already have a huge wicks (selling pressure) looks like a tweezer pattern. * We can wait for a 4H closure below 1706.00 and then we may enter a short setup to 1860.00 taking into consideration the...

Sphinx_Trading

- Price finally broke the descending corrective channel that started 16 JUN. - Price started making HH after breakout. - We have a huge divergence in daily time frame. * We can wait for the price to retest on breakout zone (demand zone) at 0.62000 and if we have a good confirmation we can put a long setup to catch +300 pips

Sphinx_Trading

- As you can see on the chart price failed to break 1.92000 and big long engulfing bullish candle formed. - Also we can see that market logic is changed. - price still in consolidation even after retesting on 1.95000 multiple times. - So we can predict that price want to break 1.95000 and rise. - We should wait for a daily closure above 1.95000 for longing and...

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Sphinx_Trading

- This is an educational content that will give you some ideas and also teach why and how to enter a trade with pure price action Make sure you watch the price action closely in each analysis. Note: This analysis is not an investment advice it will only give you some ideas on the charts.

00:44

Sphinx_Trading

- This is an educational content that will give you some ideas and also teach why and how to enter a trade with pure price action Make sure you watch the price action closely in each analysis. Note: This analysis is not an investment advice it will only give you some ideas on the charts.