yjp1155

yjp1155 Feb 14

This is a 15-minute candlestick chart of Gold Spot (XAU/USD) from TradingView. Here's my analysis based on the image: Key Observations: Price Levels: Current Price: $2,903.77 (as of the last candlestick) High: $2,939.89 - $2,942.51 Low: $2,863.75 - $2,886.63 Resistance Zone: Around $3,013.87 (highlighted in beige) ...

yjp1155 Feb 14

Bearish Order Block A bearish order block is generally defined as the last up-close candle (or series of candles) before a significant move down. The idea is that this represents an area where institutional sellers were active, and the price might react when it revisits this zone. Why it's believed to work: Institutional Activity: Order blocks are based on...

yjp1155 Feb 13

Ongoing global trade uncertainties, particularly concerns over potential reciprocal tariffs proposed by the U.S., have bolstered gold's appeal as a safe-haven asset. As a result, gold prices have seen a slight increase. Given these mixed signals, the direction of gold prices remains uncertain. Traders should closely monitor upcoming economic indicators, such as...

yjp1155 Feb 11

Whether an order block will hold and reverse the price cannot be guaranteed; while it indicates a potential area for price reversal due to accumulated buy or sell orders, several factors like market conditions, price action, and volume need to be considered to assess the likelihood of a reversal at that level

yjp1155 Feb 10

To evaluate whether a bearish order block will hold the price, it typically need to consider several factors, including: 1. **Market Context**: Understand the current market sentiment (bullish or bearish) and trend. Is the overall market in a downtrend, or is there potential for a reversal? 2. **Time Frame**: The significance of an order block can vary depending...

yjp1155 Feb 10

Misidentification of an order block can often lead to unexpected failures in trading setups. Here are some common reasons traders misidentify order blocks and how to avoid these mistakes: 1. Choosing a Weak Zone Mistake: Traders often pick minor price levels where there is no strong accumulation or distribution by institutions. Solution: Focus on areas...

yjp1155 Feb 6

Here’s an analysis of the situation: Bearish Order Block Defined: The bearish order block is the last bullish candle before a significant downward movement, often acting as a supply zone where sellers are expected to be strong. Reasons for the Wick Break: Liquidity Grab (Stop Hunt): The wick could represent a liquidity grab, where price...