A retracement just showed up and I see opportunity to go long. I expect a previous structure being respected by the size of the impulses which give the more momentum to upside move.
After huge impulses to the downside, it is a huge win for the seller. However, this also give a chance for bull to make an entry since it will take some time for the seller to take their profit. However, the retracement pushed too far. I think that the seller failed to square their position properly as this give a surplus retracement. This mean that seller does...
3 month ago, Gold at their All-time high thanks to buyer's effort. Seller took the advantage here and push the price all the back down there. This give impact to the buyer because they want to cover their losses. They began increase their risk to push the price back to the trendline. This happen for 4 times. In last 3 month, they do break 4 times and trader does...
XAUUSD seem like have their participants defending greed key level on ATR creating a lower high. This show the participants tend to greed and contest a key level. ATR create a shrink structure usually mean that the price tend to contested by the participants and that will create a momentum on a breakout. However, it is unclear that participants prefer to follow...
Fibonacci Retracement often looked by other trader to identify how the retracement would look like and where the level they should watch out for before entry a trade. If the market have the situation where there are many swing, using Fibonacci Retracement on many swing and see which one is stacked key level can be useful to see what other trader are currently thinking.
XAUUSD seem like want to go lower and create rubber-like move before push to the upside to finish Optimism Structure.
XAUUSD surprisely seem bearish if we take a look on session when USD open session.
Market Overview XAUUSD have been consolidating for 15day now and participants are still engage for their price level with 250 pips wide. The channel are in ascending. This show that buyer keep invading seller's territory and making a new high every time they are fighting. Buyer tend to have their snowball move into their favor as you can see there are a lot of...
As the Ranging trader stopped out, this show the sign of premature breakout and new trend would likely to occur. The price action seem like wanted to create a minor structure inside the triangle which is relevant for the bullish market and premature breakout. The fail retest for the seller on previous support of trendline show their weakness. This may increase...
Consolidation Phase or known as Greed Structure is where every participants are fighting for a key level. This is where everyone optimism about their entry where it make the volume of the market increase. This is when every participants wiped out one-by-one before causing an new impulses to appear. If they are engage in the new structure on the upside creating...
Who doesn't know MA Cross. Lagging Indicator where everyone use. Especially beginner who just started forex career. MA Cross always useful in Trending Market and goes wrong when market on consolidation phase. Which mean, in Consolidation Phase, You can see trapped trader by viewing MA Cross. Those trapped trader create a momentum to push the price higher and...
XAUUSD increase in votality lately. This show the participants tend to fear. They don't believe on their own decision, thus following others which is often called as "Herd Mentality". This is also where the participants will take profit which is why the price keep pushing higher and pushing lower.
Bollinger Band seem on the Euphoria phase for awhile. I expect a downside before the price push back to the upside.