Trapped traders provides a great Short opportunity on DOW The plan for the session was to trade short off resistance on the DOW after an initial opening drive higher. The short side was the play and paid out nicely for patient sellers.
In the video I talk through the key Price Action for the move and prime trade areas on the DOW Index.
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Intradaytrading
Live Trades and Prime Trading Areas explainedIn the video I discuss a few live trades and the reasoning behind the entries. I also talk about the lead up price action that is important to note when managing the trades.
I then discuss the same basic concepts applied to price action on the DOW and where the prime entries were and reasons for them.
The basic concepts discussed are :
- Momentum
- Price Action
- Candle Analysis
- Multi-timeframe Analysis
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XAU/USD 05 March 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the as yesterday's analysis (04/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1 following BOS'.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS.
We are now trading within a fractal range.
Bearish CHoCH would indicate, but not confirm, that bearish pullback is underway.
Intraday expectation is for price to continue bullish until first structural signal, which is a bearish CHoCH, that pullback has initiated.
M15 chart:
XAU/USD 29 Feb 2024 Intraday AnalysisH4 Analysis:
Expectation remains the same as per analysis yesterday (28/02/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
We now seem to be in the pullback phase of the iiBOS.
Price reacted to the 50% EQ of the swing range, which is indicated in black to form bearish price action.
Current expectation, is for price to target weak internal low. A good indication that pullback phase of the internal structure is complete is once price breaks and closes below sub-internal structure low to target the weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish iBOS. Internal range established.
POI marked with red border is a flip-zone where price mitigated and continued bullish.
Price reacted to the flip-zone again and continued bullish.
Intraday expectation is for price to continue bullish to target weak internal high.
M15 Chart:
Understanding Momentum to filter out the Best SetupsIn the video I discuss how I analyse momentum using MACDs and the 5min and 1min charts when daytrading.
Knowing these key concepts helps me filter out the best setups to get on the right side of the market and in the right trading zones.
The basic concepts discussed are :
- Momentum
- Price Action
- Candle Analysis
- Multi-timeframe Analysis
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** Any Comments and likes are greatly appreciated **
XAU/USD 20 Feb 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price has printed a bearish iBOS followed by a bullish CHoCH which is the first structural indication that pullback following bearish iBOS has initiated.
Expectation dated 16/02/2024 was for price to continue bullish and react at H4 POI or 50% EQ which price did and currently doing.
Current expectation, await bearish price action to confirm bullish pullback is complete for price to target weak internal low.
First structural confirmation that pullback is complete would be for price to print a bearish CHoCH.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed another bullish iBOS. Internal high has yet to be established.
Bearish CHoCH will confirm internal high and will provide an indication that pullback has initiated.
Expectation following iBOS is for price to pullback after reaction from a POI which is currently underway.
Current expectation is for price to continue bearish and react at 50% EQ or M15 POI.
M15 Chart:
XAU/USD 09 Feb 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
Expectation remains as H4 analysis dated 07/02/2024, for price to continue to trade bearish to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Price has printed a bullish iBOS where we are now in the pullback phase.
Sub-structure to internal structure, which is marked in red printed bullish iiBOS followed by a bearish iiBOS. Pullback phase currently underway.
Intraday expectation is for price to target weak internal low priced at 2001.895
M15 Chart:
EURUSD I Intraday long from support Welcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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XAU/USD 05-09 Feb 2024 Weekly AnalysisWeekly Analysis:
Outlook/bias for this coming week remains unchanged.
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short.
Bullish pullback following bearish iBOS now most likely complete and will target weak internal low.
Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated (highlighted with dotted horizontal line)
As mentioned last week, request to LTF's would be to shift bearish to facilitate bearish pullback.
Anticipate structure to indicate start of pullback phase once price prints CHoCH.
Weekly Chart :
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bearish
-> Has reached EQ.
Price pulled back following bearish iBOS as per expectation.
Price has failed to close above strong internal high whereby we are now in premium EQ of the internal range.
Price remains, as last week, to be trading within internal high and fractal low.
Expectation: Price to target weak internal low.
As per analysis of last week, In the event price continues to trade bullish, which it did, the likely scenario is for price to trade up to strong internal high before continuing bearish internal order flow.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
Price has once again to reacted to Daily and H4 nested supply levels where we saw a noticeable reaction. Price wicked above high of internal structure but failed to close above.
Expectation remains as H4 analysis dated 02/02/2024, for price to continue to trade bearish to target weak internal low.
H4 Chart:
XAU/USD 30 Jan 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish and trading sideways in a large internal range.
Price is currently reacting to 50% EQ of the swing range as marked in red.
Expectation remains as yesterday's analysis, for price to continue to trade bearish to target weak internal low.
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Price has printed a bearish iBOS where we are now in the pullback phase.
Sub-structure to internal structure which is marked in red where price has now printed a bullish iiBOS potentially be targeting internal high or H4 POI.
Expectation remains the same, for price to target weak internal low.
AUDCHF I Potential rise to top of the channelWelcome back! Let me know your thoughts in the comments!
** AUDCFH Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Reviewing GU from a Swing perspectiveWe are now 2 weeks in on the new year and as the major players come back in to the market it looks like they spent the first 2 weeks of the year accumulating orders to go bearish. As we come into the new week we are looking for more signs that price wants to go bearish now.
Intraday Scalping Idea for GBPAUD: Key Levels and Buy LimitsHey traders! 👋
H1 ICT Long setup
Let’s take a look at the GBPAUD H1 chart, which performed LG and Displacement + Choch after Asia AM session. Our AI screener shows the AUD is increasing momentum to the weak side, currently GBPAUD has strongest momentum amount AUD pairs.
If you’re looking for an intraday scalping idea, here’s one for you:
🎯 Target on key levels:
1.9136
1.9118
1.9100
📉 Buy limit order levels:
1.9061
1.9048
1.9035
🛑 Stop loss:
1.9028
Remember, this is just an idea and not a guarantee. Always do your own research and analysis before making any trades. Good luck! 🤞
GOLD price analysis strategy todayGold prices begin to fall, Spot gold fell from a high of $2,088 in late December amid a stronger U.S. dollar that took it to Wednesday's low of $2,031, from where it was struggling regain recently lost ground. The mid-December high of $2,048 is currently being tested, a move above this level would target the December 21 high, Friday and Tuesday lows at $2,055 to $2,059.
Support lies at Wednesday's low of $2,031.
XAUUSD: Analyze gold price trends todayGold prices (XAU/USD) struggled to capitalize on modest intraday gains and retreated to the lower end of the day's trading range during the first half of the European session on Wednesday. The US Dollar (USD) attracted some buying activity and traded above a one-week high reached the previous day amid doubts about the Federal Reserve's ability to cut interest rates soon ( Fed). This is underpinned by a further rise in US Treasury yields, which, in turn, is seen as a key factor acting as a headwind for the non-yielding yellow metal.
AUDUSD: Market analysis strategy on I chart todayThe Australian Dollar (AUD) tries to end a losing streak on Friday. The AUD/USD pair is facing bearish pressure, even as the US Dollar (USD) lacks clear direction and China's Caixin Services PMI improved in December. Market Sentiment Weakness and widespread commodity price declines have both played a role in the Australian Dollar's weakness. Australia's Judo Bank's latest Purchasing Managers' Index (PMI) data shows a decline in business activity across both the services and manufacturing sectors, further highlighting vulnerabilities of the Australian Dollar. The Services PMI specifically showed the fastest contraction in the services sector since the third quarter of 2021. However, Matthew De Pasquale, Economist at Judo Bank, suggested that a slowdown in the economy Australia has not yet gained momentum. The US Dollar Index (DXY) holds a steady trend, showing a slight tilt towards positive sentiment and potential profits. However, a pullback of recent advances in United States (US) Treasury yields could put some pressure on the Greenback. Furthermore, upbeat jobs data released on Thursday could strengthen support for the US Dollar.
EURUSD: EURUSD strategy todayThe EUR/USD pair remains on the defensive during the early Asian trading session on Thursday. The backdrop of a stronger greenback and higher US Treasury yields exerted some selling pressure on the major pair. At the time of writing, EUR/USD is trading at 1.0922, up 0.01% on the day. On Wednesday, Germany's unemployment rate remained steady at 5.9%, according to estimates. Unemployment change shows the number of unemployed increased by 5k compared to the market consensus of 20k and at 21k previously. Investors are awaiting Friday's Eurozone inflation report for fresh impetus. The annual Harmonized Consumer Price Index (HICP) in December is forecast to rebound to 3.0% from 2.4%.
USDJPY: Analysis of the usdjpy market today, January 4The au Jibun Bank Japan Manufacturing PMI remained in contraction territory for the seventh straight month and fell to 47.9 in December – the lowest level since February.
Predictions of a reversal in the policy divergence between the Bank of Japan (BoJ) and the Federal Reserve (Fed) in 2024 will continue to support the JPY.
Minutes from the December 12-13 FOMC meeting reflect consensus that inflation is under control and concern about the risks that overly restrictive policy could pose to the economy.
NQ Power Range Report with FIB Ext - 12/29/2023 SessionCME_MINI:NQH2024
- PR High: 17101.75
- PR Low: 17082.00
- NZ Spread: 44.25
No significant economic events
Last trading day of the year
- Low vols expected
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 181.26
- Volume: 15K
- Open Int: 284K
- Trend Grade: Bull
- From ATH: -3.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.