Hope you are fine. Summary of XAUUSD Performance Today You see, the trade put in a morning entry just when you are most likely asleep. However, this trade immediately triggered the stop-loss. I had already said no trade XAUUSD before news released, the results also showed why.
The markets moved up to a breaker block liquidity level here, this shift in structure can be seen on the chart. The image below also shows how to catch momentum from the 1-minute timeframes up until a 15minute timeframe is breached. Check out 3-minute chart for more details.
With reference to the BTCUSD I recently reached out, it hit our predicated levels very successfully and hope you guys are playing with me on both golds as wellcomfortably, accurately - XAU & BTC! I know how hard it is to predict the tail movements in the BTCUSD which are, by definition of being a very volatile market. Earlier this morning, I indicated that if the daily candle closes as planned it would mark a change in momentum for BTCUSD to move down.
Here is an in-depth look to help clarify things a little bit.
XAUUSD Analysis
The trade also gave a morning entry that was stopped-out quickly. This really highlights that you must be careful about trading against big new releases.
Changes in the Market Structure: markets changed its structure hit a breaker block liquidity level and then move from levy That was a big departure, and it indicated that something fundamentally new had happened.
Momentum Shift: The following chart explains how one can identify a possible momentum shift from the 1-minute to 15-minute timeframes. It's easier to see these shifts if we look at the 3-min chart.
BTCUSD Analysis
Target Level Achieved: BTCUSD did touch the target and this is why same levels are highly recommended to be used.
High Volatility: The volatility in BTCUSD is very high, making it a difficult market to predict with great accuracy. Our tactic today, however, was successful.
BTCUSD Daily Candle Closing The daily candle closing today can offer a tip of what might happen lower. Following these closing patterns can give insight into what the market might do next.
Finally, XAUUSD had a bad start but BTCUSD was far better as our levels were hit. To do this make sure to keep an eye on important regions, market structure and a momentum change in order for you to trade with the best decisions. Always be safe and wait for smaller time frame entries to confirm, as news can trap you easily.
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