Market structure analysis on XAUUSD on 4H chart
My understanding of market structures.
1.Market structures are swing points (swing High and swing low on the chart).
2.They can be used to define trend
uptrend- when market is making Higher Highs and Higher Lows consecutively
downtrend-when market makes Lower Highs and lower lows consecutively
In the XAUUSD chart,
Market is constantly making higher highs and higher lows.
So the trend is bullish/upwards.
1.Market structures are swing points (swing High and swing low on the chart).
2.They can be used to define trend
uptrend- when market is making Higher Highs and Higher Lows consecutively
downtrend-when market makes Lower Highs and lower lows consecutively
In the XAUUSD chart,
Market is constantly making higher highs and higher lows.
So the trend is bullish/upwards.