Smcconcepts
Wave structure of DXY in time frame M15, 4HDay uptrend -> pullback is bearish
4H dowtrend -> pullback is bearish
M15 Uptrend-> current is bullish
The price increased and broke through the strong swing high, so in the M15 time frame it turned into an uptrend
life cycle of the wave structure
Day is uptrend => 4H is dowtrend => M15 is uptrend => 4H is uptrend => Day Uptrend
XAUUSD: 15 MINT $2090 Target! Gold consolidated and distributed successfully though price have dropped after we still it was a retest to take the price upwards of $2090 which remain a key area. Please use accurate risk management and this idea comes with higher risk, do your own research and only take if you agree with our bias.
Good Luck
GBPUSD Continuing Bullish Momentum?The daily is still in a bullish pullback and it will probably continue to move upwards until it finds a strong supply area. Most likely at the 1.28500 area.
We can take advantage of this move by looking at the LTF and finding demand areas so we can take longs from.
Wave structure of AUDUSD in 15M, 4H time frame4H is uptrend => current is impulse
15M is uptrend -> current is impulse
The current price is in the supply zone of the daily time frame, so there is a high possibility of a pullback wave of the 4H frame.
We wait for the wave structure to develop and give the CHOCH breakout signal
Gold Process, we follow the institutional playersAfter a really good reaction in the OB H1, there might be a good opportunity to sell with a new Bos or witness a significant expansion, but I'm still convinced we are bullish. He possible to Hit the LRLR.
We need to wait for the market to open to assess the situation.
Wave logic analysis of multi-timeframe DXYDay is uptrend -> current is correction
4H is dowtrend -> current is impulse
5M/15M is dowtrend -> current is impulse
Wave 5M/15M reversal increases when the reversal peak is broken. Then the 4H wave is a corrective wave, the price increases back to the Swing High level of the 4H time frame.
If the high of the 4H timeframe is broken, the price will rise back to the swing high of the daily timeframe.
XAUUSD wave structure in 15M timeframe- 4H time frame uptrend
- 15M time frame downtrend => currently pullback up
- 5M time frame downtrend => current pullback up
- The price dropped and broke through the bottom of 5M, creating an i-BOS signal signaling the end of the pullback wave of 5M.
- The 15M and 5M time frames end the pullback wave, with a high possibility that the price will fall to the weak swinglow of the 15M time frame.
GBPUSD wave structure in 4H time frame-The daily timeframe is in a downtrend, currently a bullish pullback wave
-The 4H time frame is in an uptrend, currently a bearish pullback wave
-15M time frame is in an uptrend, currently a bearish pullback wave
-15M and 4H have the same downtrend.
-If the Swing Low of the 15M timeframe is broken. We look for opportunities to sell down
Reeling in Profits: A Comprehensive Guide to Short AUDCAD🚩 New Signal Notification - Swing Trade
📣 Attention Traders! 📈🔍
🔹 AUDCAD, Short when Pullback to Supply Zone 🔹
📊 Here are the key points for a potential trading opportunity in AUDCAD:
🔹 AUDCAD, 8H, ICT Short setup🔹
From our AI screener, we found CAD in Daily chart timeframe is going to Strong side right after the BoC Interest Rate Decision on 6th Dec, 2023 which made CAD pairs got 8H ICT, Short setup.
Here we bring you a great chance to watch and earn!
The Bank of Canada (BOC) has decided to keep the interest rate at 5% for the third consecutive decision, as expected. The short-term interest rates are the primary factor in currency valuation, and a higher than expected rate is positive/bullish for the CAD, while a lower than expected rate is negative/bearish for the CAD. The BOC’s tone of the statement hints that there will be no rate hikes in the near future. So, if you’re planning to invest in CAD, this is a good time to do so! 💰💸
TA:
By simple ICT setup, we found there is a ICT Short setup in timeframe 8H.
Last week, 8H bar highs were rejected from the fair very gap (FVG) and formed a Lower High
Our idea to the next support levels below as shown.
AUDCAD is one of our focus this week, Only Short strategy, may be landing slowly to the support levels
Target 1↘️ 0.8879
Target 2↘️ 0.8815
Target 3↘️ 0.8752
🔔Short entry near this Supply Zone: 0.8960 to 0.8945
Keep a close eye on these levels and trends in AUDCAD for potential
trading opportunities. Remember to manage your risk and trade
responsibly!
✅ Stay tuned for more updates and analysis. Happy trading! 🚀💰