How to read forex market structure
Market structure. Let's gooo 😂
- Time Frames: 2H, 30min
- Chart: USD/CHF
What we are seeing here is the last bullish structure. We can find the last three components created, the last HH, HL and the latest high structure areas. We are using the last HH and HL structure zones. We can also see the correlation on the left with the HL structure zone, giving tons of confluence
With a representation of the total overall structure shift situation and expectations, we are seeing the Breakout LL being formed and currently we are identifying the pullback.
In the pullback, we are able to see a strong wick rejection from the downside, strong rejection with a bullish pressure, eventually violating the structure.
The lesson and the point here is that, no matter how strong a zone could look like, how promising or "perfect" a situation can look like, confirmations matter and without confirmations we are not taking sht from the chart.
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How to find trends || how to find bullish chart pattern #crypto #forex #stockmarket
Don't overlook the simple yet powerful strategy of following market structure and the latest flow. In this video, I reveal my chart analysis and preparations for a potential trade, highlighting the importance of staying in tune with the structure's bias.
⏰ Time Frame: 1H
📈 Market chart: EUR/CAD
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#chartanalysis #chart
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How to prepare for trade
Unveiling the secrets of top-down analysis and trade preparation on USD/BTC! 📈
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https://t.me/CryptoBreakout_trade
Time Frames: 4H, 30min ⏱
Join me as I embark on a journey through the charts, starting with a higher time frame analysis to uncover the previous major high area. Witness how the price respects the closure level and reacts to the high structure zone. 📊
Delving deeper into the lower time frames, specifically the 30-minute chart, we witness the clear representation of key highs and lows within the structure. Notice the presence of the previous higher high and higher low structure zones. While the price successfully respects and reacts to the higher high area, it fails to bounce effectively and breaks it, signaling a potential structure shift. The next crucial step is to break the higher low to achieve a complete shift in the structure. 🔄
Currently, my bearish preparation on this pair focuses on the break and retest strategy targeting the higher low structure zone. If the break and retest pattern forms successfully with all the required elements, we anticipate a potential continuation towards the next structure zone. 🐻💥
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