VasilyTrader

GOLD formed an inverted head & shoulders pattern on a 4H time frame after a test of a strong intraday/daily support. The price successfully violated a neckline of the pattern this morning and closed above that. With a high probability, the price will continue rising and reach 4500 level soon. ❤️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.

Here is my fresh support and resistance analysis for Gold. Horizontal Structures Support 1: 4229 - 4281 area Support 2: 4163 - 4191 area Resistance 1: 4543 - 4556 area Resistance 2: 4595 - 4605 area Vertical Structures Vertical Support 1: rising trend line Consider these structures for pullback/breakout trading. ❤️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.

Liquidity zones are the essential element of Smart Money trading. These zones provide the safest and the most accurate trading opportunities. The problem is, however, that it is quite complicated for the newbie traders to identify these zones properly. But there is ONE technical indicator that can help. In this article, I will show you the best technical indicator for the identification of liquidity zones. This technical indicator is called Volume profile. Adding that on your chart, you should look for low volume and high volume nodes. High volume nodes indicate the price levels on the chart where big volumes were traded and a high activity of the market participants occurred. The indicator plots 3 significant volume spikes. These are 3 high volume nodes. After you identified high volume nodes, you should analyse a price action and recognize related historical structures. By related structures, I mean historical levels that were respected by the market and from where significant price movements initiated. When you underlined these structures, you should consider the wicks and candle closes. Low volume nodes indicate the price levels on the chart where it has been relatively little trading activity and limited participation from market participants. These zones indicate a lack of liquidity , which can impact the ease of price movement in those areas. Here are 2 low volume nodes that I spotted. After you spotted low volume nodes, you should analyse a price action and recognize related historical structures. Here are the liquidity zones that are based on low volume nodes. Again, these areas are based on wicks and candle closes. These 5 areas will be the important liquidity zones from where Smart Money trader can look for trading opportunities. Learn to recognize liquidity zones properly and improve your trading. ❤️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.

This stop loss and take profit strategy is unique: being very efficient, safe and accurate , it can be applied for day trading, swing trading and scalping. In this article, I will teach you how to easily place stop loss and target, applying just one basic technical tool. Imagine that you are planning to open a trading position. You may decide to open a swing trade on a daily, a day trade on an hourly time frame, or a scalping trade on 15 minutes time frame. For the sake of the example, we will take a short position on GBPUSD on a daily, a short position on NZDUSD on an hourly time frame, and a long position on USDCHf on 15 minutes time frame. In order to identify safe levels for TP and SL on GBPUSD, identify the closest key horizontal support and resistance on a daily time frame. When you underline key structures, make sure that you consider the candle closes and the wicks , so that the key structure would represent the area . Your safe stop loss will be strictly above the closest horizontal resistance, while your target will be the upper boundary of a key horizontal support. Selling NZDUSD on an hourly time frame, identify the closest key horizontal support and resistance on an hourly time frame. Your safe stop loss will lie above a key resistance, and your take profit will be the upper boundary of a key support. Buying USDCHF on 15 minutes time frame, you do the same thing. You identify the closest support and resistance. Your safe stop loss will be below a key support, while your take profit will be a lower boundary of a key resistance. Planning your trade, always remember to assess th e reward to risk ratio of your trade. If the risk is bigger than the reward, such reward to risk ratio will be called negative . Such a trade is better not to take. While, the trade where reward exceeds risk will have a positive r/r ratio. Such a trade we can take. This stop loss and take profit placement technique is not perfect. With experience, you will learn to set even safe stop loss and take profits, but for beginners, that is one of the safest strategies to follow. ❤️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.

Here is my latest support & resistance analysis for Gold for next week. Consider these structures for pullback/breakout trading. ❤️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 this article, I will show you a simple technical indicator that will help you to identify support and resistance levels easily trading any financial market. And what I like about this indicator is that it is absolutely free and it is available on all popular trading platforms: tradingview, meta trader 4, meta trader 5, etc. This indicator is called Zig Zag. After adding the indicator, the price chart will look like that. First, I recommend changing its settings . Price deviation - 1.5 Pivot legs - 5 Here are the inputs that I recommend for structure analysis on a daily time frame. And in style remove labels because they really distract. What this technical indicator does, it underlines the significant impulse legs. The completion and initial points of the impulses will be the important structures. Your key structures will be the areas based on the initial/completion points of impulses based on wicks and candle closes. A key horizontal support will be based on the initial point of the impulse and the lowest candle close. Key supports will be all the structures that are below current price levels. A key horizontal resistance will be based on the initial point of the impulse and the highest candle close. Key resistances will be all the structures that are above current price levels. Also, the completion/initial points of the impulses will occasionally compose the vertical structures - the trend lines. Underline all the supports/resistances based on Zig Zag indicator. All these structures are significant and can be applied for pullback/breakout trading. Also, remember that you can modify the inputs of the indicator. Increase Price deviation and Pivot legs number will show the stronger structures, while decreasing these numbers, more structures will appear on the chart. On the left chart: Price deviation - 1.5 Pivot legs - 5 On the right chart: Price deviation - 5 Pivot legs - 10 The right chart shows just 2 structures, but very important ones. This indicator is very powerful and it can help you a lot in learning structure analysis. ❤️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.

Turn boring ranging market into your biggest advantage. The truth is that consolidation trading can be even more profitable than trend following trading Gold XAUUSD. In this article, I will teach you a simple consolidation strategy to day-trade sideways price action. In order to trade a ranging market, first, you should learn to identify that correctly. This simple rule will help you to identify that on Gold on any time frame. (for this strategy, we will look for a consolidation on a 4H time frame strictly ) Gold price should simply stop updating: lower lows and lower highs (if the trend was previous bearish), higher highs and higher lows (if the trend was previously bullish). Examine a price action on Gold on a 4H time frame: Trading in a bearish trend, we can easily identify 2 periods of consolidation. The price temporarily started ranging, not managing to update lower lows in the first instance and lower lows and lower highs in the second one. Such a market behavior is a clear indication of a sideways price action. After you confirmed a consolidation on Gold, you will need to identify its boundaries . Usually, the price will start respecting some horizontal support and resistance, forming a range. I have underlined the boundaries of 2 ranges that we spotted. Once you identified a sideways price action on Gold, with the absence of high impact fundamental news, such a price behavior will most likely continue . The price will continue respecting the boundaries of the range, falling from its resistance and growing from its support. You should patiently wait for a test of a support or resistance of the range first. In our example, we see a test of a resistance. We can expect that the price will drop from that. But the problem is that the underlined resistance is quite wide and from such a perspective, we can not predict the exact level from where it will drop. Multiple time frame analysis will help you to spot an accurate entry signal. I suggest looking for a channel or a wedge on an hourly time frame. The price formed a rising wedge on an hourly. Your signal to sell will be a breakout and an hourly candle close below its support. It will indicate a highly probable bearish movement to the support of the range. After a confirmed violation of a trend line, open a sell position immediately or set a sell limit order on its retest. * Stop loss should be above the highs of the wedge/channel. * Take profit will be the upper boundary of a range's support. 76 pips of profit were made. Using this strategy, we could easily predict a previous bullish movement from a support. A bullish breakout of a resistance of the wedge provided a strong confirmation. Entering on a retest of its broken resistance, be TP should have been based on the lower boundary of the range's resistance. Stop loss should have lied below the lows of the wedge. Consolidations may last for days, weeks and even months on Gold. Not trading it, you will miss a lot of profitable opportunities. This strategy will help you to trade a sideways ranging market easily. ❤️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.

Here are the next potentially strong resistance to focus on Gold chart. Resistance 1: 4500 Resistance 2: 4550 Resistance 3: 4600 As the price is very close to Resistance 1, we may see at least a minor pullback from that. ❤️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.

US500 broke and closed above a significant daily horizontal resistance cluster. It indicates a highly probable growth further to a current ATH. Expect a rise at least to 6915 level 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.

As Gold has successfully updated the ATH today, here is the next strong resistance that I see. It is based on 4500 psychological level. I believe that it will 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.