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Smcanalysis

Wave structure of gold in the 15M time frame analyzed by the SMThe wave structure of gold in the 15M time frame is analyzed using the SMC method At frame 15M, the price broke through the Swinglow, creating a BOS signal and shifting to a downtrend. In the 4h frame, the price broke the i-Low bottom, creating a CHOCH signal Wait for the price to increase back to the OB block in the 4h time frame, then wait for 15M to have a CHOCH signal so we can sell down. SH: Swing High SL: Swing Low i-Low: Internal Low i-High: Internal High i-BOS: Internal BOS
EIGHTCAP:XAUUSD
by quangcttn
HIGH LEVEL TRADE PLANHIGH LEVEL TRADE PLAN HTF Objective -> MTF POIs -> LTF Execution (Precursor to introducing LQ concepts) Narative - PT run or CT pullback phase - signals when MTF may change trend Immediate bias and POIs - fullfills HTF objective Execution for MTF POIs/ideas Always start on HTF for overall directional bias Work your way down for timing & increased refinement Look for the exchange in supply & demand to see who is in cotrol 1. HTF is bullish Consider long continuation from MTF POIs following MTF structure but be aware HTF pullback can start Quick targets 2. After HTF BOS, expect HTF Swing pullback - Mitigation of HTF supply - HTF CHoCH/i-BOS - Target HTF demand in discount 3. You must wait for a MTF POI mitigation before looking for LTF entry model, otherwise wait for MTF CHoCH/i-BOS to form fresh MTF POi. The latter is recommended when trading counter + OF 4. Trade pro MTF OF into HTF discount demand MTF objective - HTF pullback 5. Don't buy weak lows 6. Cautious with shorts in HTF discount 7. Extrem HTF + stacked MTF demand mitigated last area that needs to hold price if HTF bullish Swing trend is to continue So you may want to be more aggressive looking for long setups 8. OF now bullish. Supply just provides pullback 9. All time frame now aligned to target weak HTF high following HTF intentions
OANDA:XAUUSD
by quangcttn