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Price Action Cheat Sheet XAUUSD

The document is a comprehensive cheat sheet for price action trading, detailing key concepts such as market structure, support and resistance, candlestick patterns, chart patterns, trendlines, liquidity concepts, supply and demand zones, and volume analysis. It emphasizes the importance of confluence trading by combining various tools for higher probability trades. Additionally, it covers time and session behavior relevant to trading strategies.

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singhbrojkishor
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316 views3 pages

Price Action Cheat Sheet XAUUSD

The document is a comprehensive cheat sheet for price action trading, detailing key concepts such as market structure, support and resistance, candlestick patterns, chart patterns, trendlines, liquidity concepts, supply and demand zones, and volume analysis. It emphasizes the importance of confluence trading by combining various tools for higher probability trades. Additionally, it covers time and session behavior relevant to trading strategies.

Uploaded by

singhbrojkishor
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Complete Price Action Trading Cheat Sheet

1. Market Structure

- Higher Highs (HH), Higher Lows (HL): Sign of an uptrend.


- Lower Highs (LH), Lower Lows (LL): Sign of a downtrend.
- Break of Structure (BoS): Price breaking previous high/low, indicating a potential trend
continuation.
- Change of Character (ChoCH): Shift in market behavior, often used to spot reversals.

2. Support & Resistance

- Key horizontal levels where price reacts.


- Flip Zones: Areas where support becomes resistance and vice versa.
- Psychological Levels: Round numbers like 1900, 2000 in XAU/USD.

3. Candlestick Patterns

- Pin Bar (Hammer / Shooting Star)


- Engulfing Patterns (Bullish / Bearish)
- Doji: Indecision in the market.
- Inside Bar / Outside Bar

4. Chart Patterns

- Double Top / Bottom


- Head & Shoulders / Inverse
- Triangles (Ascending, Descending, Symmetrical)
- Flags, Pennants, Wedges

5. Trendlines & Channels


Complete Price Action Trading Cheat Sheet

- Trendlines: Diagonal support/resistance.


- Channels: Parallel trendlines used to define a trend.
- Break and Retest Setups: Key for confirming trend continuation or reversal.

6. Liquidity Concepts

- Equal Highs/Lows: Act as liquidity zones.


- Stop Hunts / Fakeouts: Temporary breakouts before reversal.
- Liquidity Voids: Fast price movements leaving untested zones.

7. Supply & Demand Zones

- Rally-Base-Drop / Drop-Base-Rally
- Order Blocks: Institutional zones where price often reacts.
- Fair Value Gaps (FVGs): Imbalances often filled later.

8. Volume (Optional Tool)

- Volume Spikes: Confirm breakout strength.


- Volume Divergence: Confirms potential reversal.

9. Time & Session Behavior

- Asian Session Range


- London & New York Killzones
- High-impact News Reaction Times

10. Confluence Trading


Complete Price Action Trading Cheat Sheet

- Combining multiple tools for higher probability trades.


Example: Break of Structure + Order Block + NY Session + Pin Bar = High Conviction Setup.

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