In this video i explained how to use market structure and fibonacci to pick a high probable trade. this strategy is simple and profitable if you can learn how to see the structure in the price action
GBPAUD is on a key resistance, and to confirm our entry for a sell, let us pertinently wait for the market to break the previous structure of uptrend and then enter our position after seeing the lower low structure.
the decision to Buy this pair is based on the bullish candle formation on the daily timeframe, and from our top down analysis, it took out the last lower high on H1 timeframe.
AUDUSD is bouncing up from the support level on D1 and a whole number as a confluence which is informing our decision for a buy.
Euraud is bouncing off from a key resistance zone and a key level, which is informing our decision for a sell set up.
expecting EU to hit yesterday high @1.08331 before the next direction
gold rebounce from the 2000 resistace. we are hoping it continues to drop back to 1917
Gold shows a head and shoulder partern at the 2000 resistance level. the sell is expected to continue as this might show a sign of downtrend.
this pair has been trending down for a while and given us a lower low structure could mean the trend is still very much valid
GBPUSD is expected to continue the upward movement
In this analysis am still expecting the bearish movement on XAUUSD to continue based on the exhaustion on weekly timeframe. the expectation is that gold will hit 1890. but might opened retracing to either 1855 or 1830.
we achieve our target for week 2, and the downtrend is still intact and keep creating a new structure low, this week we expect XAUUSD to hit 1800 which is our ultimate level
xauusd broke the long uptrend movement from H4, which makes it logical for us to look for a sell set up, after breaking out from the recent flag pattern, xauusd is expected to retest the previous high created and sell further
From H4 perspective, GU should continue the downward movement to give a new lower low
Usdchf forming a higher low, which gives us a buy bias
from daily perspectives, we're expect the support to turn resistance to the daily bullish order block at 0.64673. This follows the related analysis on xauusd, gbpusd and eurusd.
we're expecting a breaish movement from the supply level at 1.03216 to around the previous resistance that was broken at 1.01022, the market is expecting to provide a support from that level if the bulls will still push the market higher.
we predicted gbpusd to be bullish lastweek, but the market was only consolidating between nov 14th to nov 18th. therefore we expect the market to be bearish because of the bearish movement were expecting on gold, before the buy. from larger time frame perspetives, we're expecting a bullish movement overall. kindly go to a lower timeframe for a better entry