GOLD Intraday Analysis - ( 27 Jan 2023 ) Gold took a melt down of about 200 pips from the double top formed at 1948-1950 region. Shorts were planned out as per analysis below 1934 key level backed with fundamental data released yesterday. Despite the melt down as shown yesterday with very strong GDP data, there is still no confirmations of market shift. All time frame shows no shift in structure and will be playing the bullish bias on GOLD.
HRHR buys at 1923 key level
MRMR buys at 1929 key level
Safest buys at 1939.5 key level
However i will only look for sells below the daily zone whereby a new low will be created and there will be a potential shift in structure only below 1912.
Marketstructure
Those Dreaming of downside to wait another dayWe have witnessed the resiliance of investors with the determined buying of the S&P FUTURES and the market as a whole.
The close with strength above 4055 was a huge victory for Buyers their next target and obstacle will be 4093.
Macro Downtrend has been broken, Can buyers hold?
USD/CAD: long setupI put a long in USD/CAD from $1.3395 CAD. SL in $1.3352 CAD and tske prodit to $1.3490 CAD.
We see an opportunity to long USDCAD
Also in H4 timeframe we see a bullish setup here. And price action in H1 timeframe speak us.
Also you can to chexk out my EUEGBP analysis that forst was a long and we pass it very well our analysis and now Im short EURGBP
Good luxk!!!
simple forex strategy , effective so for this trade we had bearish market structure with new lows and lower highs, we then saw entering NY we had a area of supply where price had previously sold from , we now also saw a key area and physiological level where we was expecting to see price react off 130.000 zone , we had also a 50% retracement from the swing highs the the pull back into our area .
For this trade we didn't have a sell limit we had market executtion where we waited for price to reject the area and got into the short after the 5 min candle close
message my insta for questions , erikgtFX
GBP/USD Massive selloff 170 pipsGBP/USD is ready for a disastrous meltdown to downside price respecting the supply zone nice rejection and break of structure indicating shift of momentum to downside, and currently price is respecting the 61.8%fib level in confluence with broken support now act as resistance,
Nice risk to reward
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AUD/JPY BUY SETUP 320 PIPsBasically AJ has been respecting the weekly and daily support, and we see a nice increase of momentum to upside as price forming higher lows and breaking the triple bottom neckline, indicating a transition from retracement to a continuation to upside
Wait for a slight pullback and put stop loss below the sexy candle incase we see price. try to find liquidity
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EUR/JPY Massive Buy setup 400 PipsSo when you look at weekly and daily timeframe we notice price action being support at support level, and forming double bottom in daily, as we move to h4 and h1 we see minor break of neckline indicating a transition to upward trend, we wait for a nice confirmation in lower timeframe like M30 to see break of minor neckline and nice retest and nice candlestick to indicate a continuation
Nice risk to reward
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USD/JPY Massive Sell 250 PipsBasically after the BOJ decided to increase the interest rate we have seeing the yen gaining strength again the dollar and break bellow the weekly support and now price is testing it as resistance, daily and H4 we see a nice respect of market structure to downside continuation and H1 we clearly see price respecting the 50% fib level, and broke the counter trendline and in confluence with triple test. which give is more momentum to push down
Nice risk to reward
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Usd/chf potential continuation sellSo basically we have 3 retest for the 61.8% fib level confirming a solid a resistance and nice grab of liquidity that push price lower, let wait for price to come to at least 38.2% or to 61.8% fib for a continuation to downside
Nice risk to reward
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NZD/USD potential buy 70pips we have seen price is still on upward trend, structure is till maintaining the 78.8% fib level and continuing to our target of -21%, currently we see price retesting the 38.2% twice , and support still respect , lower timeframe like 15min we see break of neckline indicating transition from pullback to bull contiunation
Nice risk to reward
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AUD/NZD Buy setup 200 pipsAfter a massive Selloff, we now seeing finally finding support and we begin the rally to upside, we see a nice respect of 61.8% fib level and breaking the neckline of of double bottom and massive bullish momentum which give as a nice confirmation for a nice continuation to -21% level
wait for a nice retest of the broken neckline for entry to upside
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GBP/CHF massive Buy opportunity 100pipsBasically the market structure is still in upward trend, we see a nice pull back to 38.2% fib level and nice triple bottom, we already got a nice confirmation on H4 candlestick (engulfing candle ) that indicate a nice bullish momentum, which is in confluence the the triple bottom,
So we need price to break the neckline to continue to our target 1 of 100pips
we have a nice risk to reward
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AUDUSD Sell IdeaHere on AUDUSD we have a potential CHoCH. I say potential because if the high gets violated, we can expect price to continue moving upward. If price respects the 4 hr supply that I refined down to 15 min, I think that it will go down and take out liquidity then continue down to the 4 hr imbalance fill. After that, I think that price will reverse and continue up with the higher timeframe direction.
BTC Surprises and Market Analysis: Navigating the Current RangeAs we approached the weekend, I was expecting Bitcoin to get the Swing Failure Pattern (SFP) of $21,647 and continue to the range, I was expecting liquidity to leave the market, but I was wrong as BTC had different plans and did a great job of surprising me. Initially, BTC did precisely what I was expecting. I took the short trade and stopped out (Refer to my last post). I patiently waited for some reaction from $21,827.5 to play out as it was a significant weekly level along with a 0.66 Fibonacci level. The bullish momentum was so strong and rapid that it managed to break through the weekly level, leaving several single prints behind us. My next resistance level was a daily level of $22,393. Price broke through this level without difficulty and stopped at the monthly level of $23,301.
As of now, MS is bullish, and if we want any move toward the downside, we need MS to change in 30min to 1-hour charts first before we take any new swing short trades. We're still in the 6-month range; before getting excited and sending BTC to the moon, we must reclaim the $25,211 level. We currently have the Monthly $23,301 level acting as a current resistance and a Weekly $24,297.5 level, along with a 0.886 Fibonacci level right above us. We also have an SFP at the $25,211 level.
Currently, we are right above the VAH of the entire range.
For the downside, I would like BTC to get accepted below the VAH of the range, Claiming a daily naked point of control level at $22,612. I would like to see at least two 30 minutes candle closes before getting into any short trades. This move up was rapid, so once we get acceptance below VAH of the entire range, we can expect the price to have a quick fall to the $20,673- $20,957 level, as we have several new daily levels, which can act as a great support.
For Upside, I will expect the price to reclaim the monthly level before getting into any long trades. All my trades will be scalps with a tight stop loss.
Update on the trade GBPJPY!!hey God bless you guys in this videos we did a update on GBPJPY and price did exactly as we expected it to come down and hit the 618 on the fib!! and i did my best to speak in this video i think i have allergies im not feeling so well but i did my best but i hope it bless you!!
P2P | US30 - BacktestingWhat's up guys and gals, hope everyone is alive and well!
So this is another fun & very interesting backtesting clip, this time with #US30.
Now if you've been following my channel you'll know that I mainly trade #xauusd (gold) but I've been asked about other pairs so I felt, as a mentor, I need to expand my horizon. I guess I can just be transparent and say I'm still getting the pip count down on some of these other pairs! Gold was literally the first pair I learned to trade on so I felt compelled to master it before I went to any others but this was the growth moment I overcame for you all to see... so laugh silently LOL, no shame in my game.
BUT
I was very happy with how some of these trades played out because 1. it was a great experience to work my swing trading skills on a pair I don't normally trade & 2. I could easily spot any mistakes or setbacks I encountered before/during/after the trades. I believe backtesting with a bit of urgency helped (me personally) analyze the charts with a bit more intensity... idk if that's a good thing but I guess we'll soon find out LOL
But all in all I definitely enjoyed this run. I believe I will do a series of trades with a PT.2 and possibly PT.3. I've been getting some great feedback with this addition to the channel so I'm gonna keep dropping these and adding as much value to them as I can for you folks!
So with that being said happy trading, trade well, and lets run it up from 2023 til infinity!
If you got some value out of this video please share it, boost it to your trading pals, and help grow the channel.
DISCLAIMER:
***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
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