ForextWaveTrading

I will be looking for LONG opportunities on BTC after the resistance level at 65000.00 has been broken and thereafter forms an upward confirmation Break of Structure(BOS) signal, and the two reasonable take profit levels are set as "TP1" at 70000.00 and "TP2" at 72000.00, shown on the 8H Chart. At the moment, BTC is consolidating locally. It seems that the market needs to grab more liquidity from supporting areas down below in order to push up later and the 8H green Demand Zone can be a potential area for that. If the "Caution level" at 58000.00 below the 8H Demand Zone has been broken first, then new analysis on BTC will be made.

Gold has been pushing up for a long period of time, now it has finally slowed down and started consolidating seen on 1H chart. For LONG opportunities, we need a upward confirmation signal Break of Structure(BOS) to happen at level 2517.580 first, which increases the probability of the market going towards the TP level 2531.765, after which we can start seeking for entry area at lower timeframes to BUY. There are two scenarios for the market to reach BOS, briefly marked by the blue and green prediction paths. At current moment, it is not easy to Short the Gold, since the uptrend in higher timeframes still seems very strong. But I've suggested a rough "Caution level" at 2491.000, indicating a potential trend reversal signal once it's broken, it's lying below a 1H green demand zone.

Hello everyone:) Today I sensed an high quality opportunity on GOLD and will share with you all, hope you'll enjoy the analysis. Strategy Explanation Gold has been pushing up without any signal of slowing down, and we must follow the train. Remember trend is always our best friend. The question is how the uptrend will continue its way? The answer is the upward Break of Structure(BOS) confirmation signal in relatively lower timeframe, we choose the 1H chart to analyze. Locally on 1H chart, we are in a ranging area. In order to start seeking for LONG opportunities, we need to see current ranging area is broken and additional upward confirmation signal emerges, then we can be more confident in that the LTF trend will follow the strong HTF uptrend. Here I choose the 1H level at 2509.180 as the confirmation signal(Break of Structure BOS), since it's pretty easy to spot. Before this level is reached, we don't know what happens locally on 1H chart. It can be ranging more, or immediately pushing up now, or going back down to grab some liquidity and then pushing back up again, no matter what's the case, we do NOT care, because all we do is to wait for the BOS confirmation level to be reached, then we can be ready to BUY if it pullbacks to some reasonable entry point, examples shown on the chart. A conservative Stop Loss can be set a 2495.290, you can adjust it according to your own style. A conservative Take Profit at 2531.765, but personally I will exit if Double Top pattern emerges, since the uptrend is extremely strong, I want to let the profit run in this case. I recommend to take more risk on this A+ setup LONG trade if it happens, simply because the TREND is on our side. This is the kind of trade that covers our losses and also increase our net profit. Cautions If the "Caution level" at 2461.600 just below the 4H Order Block has been broken down, before our desired BOS confirmation occurs, we need to abandon this LONG idea, since the market will probably start ranging then. If further down the "Trend reversal signal" at 2450.805 is broken down, we then need to be thinking about Short instead of Long, since the market condition has shifted.I marked the 4H purple are as "4H Order Block", that might be misleading, sorry. "4H Demand Zone" is a better name.Gold Long now