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Bitcoin nicely respected a major daily support cluster, bouncing from that. A breakout of a resistance line of a symmetrical triangle pattern on an hourly time frame suggests the strengths of the buyers. I think that the market will continue recovering soon and reach 118000. ❤️Please, support my work with like, thank you!❤️

Just a quick follow-up for my Friday's publication for Gold. I do believe that we will see a bullish market opening with a highly probable test of 4039 level. Taking into consideration the latest news, the price may establish a new ATH and continue rising. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

In the today's post, I will compare support and resistance levels with supply and demand zones. I will explain to you the difference between them and share important tips and examples. What are support and resistance levels? We also call them key levels. These are particular levels on a price chart from where in the past we saw significant bullish or bearish movements. Key support will be a one single level, that has a historical significance and from where a bullish reaction will be anticipated. The all-time low on USDCHF will be a perfect example of a key support. It is one single level that was respected one time in the past and from where a bullish reversal initiated. Key resistance will be a one single level on a price chart that has a historical significance and from where a bearish movement will be expected. The all-time high on Gold will represent a key horizontal resistance. That level was respected one time in the past and from that level exactly the market dropped heavily. What are supply and demand zones? In comparison to support and resistance levels, supply and demand zones are the areas on a price chart. The zones that are based on multiple touches and consequent strong bullish or bearish reactions. Demand zone will be the area that was tested at least 2 times in the past, and the price should strictly respect different price levels within that area. A similar reaction will be anticipated from the demand zone in the future. The yellow area above will a good example of a demand zone. You can see that the price tested that area 3 times, and each time the market respected different levels lying within that. These 3 tests compose the demand area. Supply zone will be the area that was tested at least 2 times in the past and the price should strictly respect different price levels within that area. A similar reaction will be anticipated from the demand zone in the future. In this example, a supply area on EURUSD is based on 2 touches of key levels, lying very close to each other. On the chart above, I underlined 2 horizontal support levels - the single levels that were respected by the market multiple times, and a supply zone - the area that is based on tests of multiple levels lying close to each other. Support and resistance levels give you SINGLE levels from where you can look for trading opportunities. While supply and demand zones represent the areas . After a test of a supply and demand zone, the market may react to a RANDOM level within that. For newbie traders, it is highly recommendable to trade single key levels, while experienced traders can broaden their strategies and trade supply and demand zones as well. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Looks like Gold has completed a correctional movement that it initiated yesterday. A confirmed bullish Change of Character on a 4h time frame that happened after a test of a strong intraday support suggests a strong bullish pressure. I expect a rise to 4039 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Gold successfully reached 4000 psychological resistance and broke through that. Here are the next potentially significant structures: Resistance 1: 4048 - 4052 area Resistance 2: 4098 - 4102 area For now the price is testing 4050 psychological resistance. Its breakout will push the prices to Resistance 2. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Breaker blocks are easier to find than you think. In this article, I will share with you very efficient price models for the identification of Order Blocks and Breaker Blocks. You will learn their meaning, how to draw and use them in trading Smart Money Concepts SMC. Bullish Trend Model & Breaker Block. Let's start with an essential theory . Please, examine a following price model: In a classic bullish structure where the price consistently updates Higher Highs HH and Higher Lows HH, a bullish order block zone will be the area based on the last Higher How. I will explain how to draw that zone in the examples below. In some instances, a bullish order block zone will fail to deliver a bullish wave. Its bearish breakout will follow after its test instead. It will be a critical event that is called a market structure shift in Smart Money Concepts SMC. A formation of a new low will signify a violation of a bullish trend and a highly probable change of the market sentiment. A broken bullish order block zone will turn into a Bearish Breaker Block. The zone from where the next bearish wave will most likely follow. It will provide a very safe place to sell from. Market structure shift in a bullish trend is not a random event. It usually occurs after a test of a significant supply zone with a liquidity grab. It can help you to predict the change of the sentiment way before it happens. That's an example of such a price model on GBPAUD forex pair. We see a confirmed bullish liquidity sweep in uptrend after a test of a historic supply zone. A bearish wave followed then and a bullish order block zone was broken. To draw Order Block Zone, I picked the level of the last higher low as its lower boundary and a low of a body of that candlestick as the upper boundary. After a breakout, it turned into a Bearish Breaker Block. A bearish continuation occurred after its test. Bearish Trend Model & Breaker Block. Please, check this model: In a classic bearish structure where the price consistently updates Lower Lows LL and Lower Highs LH, a bearish order block zone will be the area based on the last Lower High. In some instances, a bearish order block zone will fail to deliver a bearish wave. Its bullish breakout will follow after its test instead. It will be a significant event that is called a bullish market structure shift in Smart Money Concepts SMC. A formation of a new high will signify a violation of a bearish trend and a highly probable change of the market sentiment. A broken bearish order block zone will turn into a Bullish Breaker Block. The zone from where the next bullish wave will most likely follow. It will provide a very safe place to buy from. Market structure shift in a bearish trend is not a random event. It usually occurs after a test of a significant demand zone with a liquidity grab. That's a real example of such a price model on WTI Crude Oil. A bearish structure was violated after a test of a demand zone. A bearish order block was broken, and it turned into a Bullish Breaker Block Zone then. (Drawing a bullish order block zone, I picked the level of the last lower high as its upper boundary and a high of a body of that candle as its lower boundary ) A bullish movement followed after a deep test of that. A proper combination of structure mapping and liquidity analysis will help you to predict a market structure shirt and a breaker block creation before they happen. The models that I shared will help you to confirm bullish and bearish breaker blocks trading Forex or any other markets with Smart Money Concepts SMC ICT. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Bitcoin broke and closed above a major resistance cluster based on a previous ATH. A confirmed break of structure indicates a highly probably bullish continuation. The next resistance is 128000. It might be the next goal for the buyers. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Gold was strongly bullish on Monday, updating the ATH again. The next psychological resistance is 4000. I think that the price will reach that soon. We will probably see a pullback first. You can consider the underlined supports, especially Horizontal Support 1 and a Vertical Support 1 for buying after a pullback. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Gold closed, approaching a strong horizontal resistance based on a current All-Time High. Following a bullish accumulation, there is a high chance that the underlined structure will be broken, and the price will go higher. Wait for a 4H candle close above 3897 as a confirmation, expect a bullish continuation to 3920 then. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

In the today's post, I will share my Doji Candle trading strategy. This strategy combines the elements of multiple time frame analysis, price action and key levels. Step 1 Analyze key levels on a daily time frame. Identify vertical and horizontal supports and resistances. Here are the key structures that I spotted on AUDUSD. Step 2 Look for a formation Doji Candle on a key structure. This rule is crucially important: we will trade only the Doji candles that are formed on key levels. From key supports , we will look for buying , and we will look for shorting from key resistances . Look at this Doji Candle that was formed on a key daily support on AUDUSD. Step 3 Look for a horizontal range on a 4h/1h time frames. Doji Candle signifies indecision . Quite often, you will notice the horizontal ranges on lower time frames when this candlestick is formed. Here is a horizontal range that was formed on a 4H time frame on AUDUSD after a formation of Doji. Step 4 Look for a breakout of the range. To sell from a key resistance, we will need a bearish breakout of the support of the range. That will be our bearish confirmation. To buy from a key support, we will need a bullish breakout of the resistance of the range. It will be our bullish signal. Here is a confirmed breakout of the resistance of the range with a 4H candle close above. That is our bullish confirmation on AUDUSD. Step 5 Buy aggressively or on a retest. After you spotted a confirmed breakout of the range, open a trading position aggressively or on a retest. Personally, I prefer trading on a retest. If you sell, a stop loss should be above the high of the range and your target should be the closest key daily support. If you buy, your stop loss should be below the low of the range and a take profit will be on the closest daily resistance. On AUDUSD, a long position was opened on a retest. Stop loss is lying below the lows. Take profit is the closest resistance. Here is how this great strategy works! Always patiently wait for a confirmation! That is your key to successful trading Doji Candle. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.