# Michael Fx Goat June Mentorship 2026 - Structure 1

https://www.youtube.com/watch?v=46oyqzZeGDk

[00:13] And now I believe everybody can see my screen.
[00:17] I believe everybody got that.
[00:17] Okay.
[00:19] So, um, like I said, we'll be having four major classes, which is the structure.
[00:26] The second one is a point of interest.
[00:28] The third one is top-down analysis.
[00:31] And the fourth one, which is the last one, is psychological.
[00:35] So, this is our presentation together for July class, which is the structure class.
[00:41] And that is what we're diving into, as I speak.
[00:44] So, in terms of structure, what are we doing on structure?
[00:47] What are we talking about?
[00:49] We're talking about the market movement and how the market basically, um, set up itself.
[00:56] So, in terms of structure, what we normally have is the uptrend, downtrend, and ranging market.
[01:00] Those are the two types of market trend.
[01:02] Three types of market trend, I'm sorry.
[01:04] So, if we're having an uptrend, for example, as an NPS strategic trader, you are supposed to understand that each of the retracement levels are not supposed
[01:14] to be violated.
[01:17] So, for example, this is an uptrend, then this is an example of a sell trend.
[01:25] Then, I'll talk about the ranging market later, but let me just deal with this first.
[01:30] So, now this is it.
[01:30] If you have the market buying, example, you have an uptrend market, whenever you have an uptrend market, you are supposed to understand that the market is not expected to disrespect each and every of the retracement point it creates.
[01:45] So, if this was the previous retracement point the market creates after creating a break all the way to the top side, it is supposed to be respected.
[01:55] That the zone at the downside is supposed to be respected.
[02:00] So, this is now our newly retracement point, for example.
[02:03] Don't forget anything I am explaining on the live chart.
[02:07] We also dive into the live chart.
[02:09] We should anything I am explaining on the live chart, we'll dive into the live chart to also talk about it.
[02:14] So, I'll use the line pattern firstly to explain it clearly to you.
[02:16] Guys, so that you guys will understand everything in general properly.
[02:21] So, and this is an uptrend, for example, and this was our previous retracement; now we created another uptrend.
[02:27] Now, retracement zone I was being created should be a respected retracement zone.
[02:31] If the market fails now to respect this retracement zone and break all the way to the downside, this is to tell you that a sell is about to continue.
[02:40] The market is about to sell.
[02:41] Why?
[02:41] Because one of the retracement points has been broken and the market has violated a proper retracement zone.
[02:48] Now, how do I know when a retracement point is broken or when the previous low is being broken on an uptrend?
[02:55] It has to be broken with a body of a candle.
[02:58] That is one thing.
[03:00] So, if we are dealing on structural break, which is, um, if it's an uptrend, for example, and the market fails to respect one of the retracement points it created, I'm talking about high timeframe, then the market breaks all the way to the downside.
[03:12] If it's only a week that breaks to the downside, it hasn't broken any threshold.
[03:14] It can still continue its previous home run that was...
[03:17] Being created before.
[03:20] Like it can still continue that uptrend because of why?
[03:22] The market only used a week to break the downside of the market.
[03:27] So, now this is it.
[03:30] Once we have a structural break all the way to the downside, it should be it should be like a clear candlestick body and not a week.
[03:38] A clear candlestick body.
[03:41] Same thing for the sell structure also.
[03:43] If we are having a sell structure, this is a sell structure, and this was our previous retracement point that the market created to break the low all the way to the downside, so this is the break of the low to the downside, for example.
[03:55] That is the break of the low to the downside.
[03:59] Once the market fails to respect this previous retracement level it created at this point and now go all all the way up breaking to the top side.
[04:08] That is to tell you that what a buy structure is now about to be created.
[04:13] Like I said, every single thing we're talking about on live chart we'll be dealing on that same stuff on the live chart.
[04:17] You understand?
[04:17] On the live
[04:19] Chart we'll be dealing on that also.
[04:22] So, now this is a structural break for a buy also for a buy trend now to be created.
[04:30] And once a structural break is being created at most like at least the market should use a body of a candle.
[04:38] We don't use wicks.
[04:38] It must be a body of a candle that will tell you that okay, yeah, this is what the market has used in breaking a structure.
[04:45] We don't count wicks as any break of structure.
[04:47] It must be a body of a candle.
[04:49] The same thing for a ranging market we don't count a ranging market.
[04:51] For example, this is market and the market is ranging.
[04:56] If you mark the high side of the market, this is the high side of the market.
[05:01] And this is the low side of the market.
[05:04] So, if the market fails to respect that retracement that um ranging market is that is being created and either break up or either break down.
[05:13] That's to tell you that when the market is going to continue that same pace it has done.
[05:17] So, if this is the market now, the ranging market and the market fails to respect
[05:20] It that is down or or and does something like this, for example, break all the way to the top side.
[05:25] You will see that the market will not continue buying.
[05:27] Why?
[05:29] Because of a ranging market has been violated.
[05:33] So, for another the major thing about structure is that for another trend to continue, the previous retracement or the previous highs or lows that were being respected must be violated.
[05:44] The reason why I added highs or lows is because of we also have ranging markets.
[05:48] So, for a buy trend now, for a buy trend to be validated and start making a sell trend, that is what I tell you that what the previous low must be violated, which was the previous replacement point that created any that created any break of structure to the top side before previously.
[06:04] So, for a sell trend now to be validated and previous high must be what?
[06:10] Like must be obstructed, must be cancelled.
[06:12] The market can respect the previous high and break all the way to the top side, but it must be with a candlestick body.
[06:19] Don't ever forget that.
[06:19] We don't mark
[06:21] Weeks as a break of structure.
[06:24] So, we'll be diving into the live chat so that I can explain more on this because this is just a line example of what I've been telling you guys.
[06:34] So, let's dive into the live chat.
[06:36] Although the market has been crazy this period, price action has been really crazy.
[06:43] So, this is a 15-minute time frame.
[06:47] Um, mind you, I forgot something.
[06:50] Thank God.
[06:50] That is for um a structural break.
[06:51] I didn't talk about this trend.
[06:53] I didn't talk about continuation of a trend.
[06:56] So, if we're having an uptrend now, for example, we're having an uptrend.
[07:02] This is an uptrend.
[07:06] And the market now uses zone in breaking the next high.
[07:08] How will you be able to get your continuation of a trend?
[07:12] I there's a way I do my continuation of a trend very easily.
[07:16] If you want to catch up with the continuation.
[07:18] And when you're marking a continuation of a trend, always make sure that you know just make sure that you are sure of.
[07:22] What you're doing.
[07:24] Don't go and take a buy when you're supposed to be selling.
[07:26] Don't go and take a sell when you're supposed to be buying.
[07:29] So, if you know that the continuation of that previous trend that was being occurred before will continue, this is how I do catch my trend.
[07:37] So, sometimes you can see gold or any pair just buying massively or selling massively.
[07:41] Like I think right now gold is selling.
[07:43] So now for example, if gold is buying those three of them, how would I be able to cash another necklace by since I know that the volume on the buy side is higher?
[07:52] This is what I do.
[07:54] I do not on the highs of the market for this was the previous high of and I do not below of the market.
[08:00] So once I do that, I'll take out the 50%.
[08:05] You see now my, my listen, my square drawing this already have the outcome meaning the 50% of the square.
[08:12] So that already no need for me to use the Fibonacci or telling you 50% or whatever.
[08:17] It is just the square deal.
[08:20] So once I mark the 50% now, it is now.
[08:23] Expected of me to mark all this and outlook.
[08:25] An outlook is different from a buy.
[08:27] If a trader tells you this is my outlook for a buy, it doesn't mean he's just going to buy all that at one point but can't buy near the top.
[08:34] Outlook means that is where he's trying to cash out his major buy from maybe using smaller time frames to modify them but that is where he's expecting the market to start buying from.
[08:44] So once you have marked this point that you can say okay, this is your outlook.
[08:47] So it's now expected of you to now start looking for trades around this particular zone once the market start to continue the next high again.
[08:56] So this is how I execute most of my trades on XAUUSD when I talk about continuation.
[09:02] Same thing goes for the sell structure.
[09:04] If we're having a sell structure for example this is a sell structure and I want to continue this trend.
[09:12] What will I do?
[09:12] I do not the 50% which is if it's a sell, you're marking from the low to the high.
[09:18] So I'll mark the previous low which is here and I'll mark it all the way to the high.
[09:22] So once I do that, I take 50%.
[09:22] Where is the 50%?
[09:22] This is
[09:25] The 50% of the trend.
[09:29] 50% then I delete the square.
[09:31] So it's now said to be that this is my outlook from around this point to this point will now be my I'll be looking for buy.
[09:38] So market start retracing back, you know what I'm talking about because once the market has broken structure, the retracement must occur for market to take out some liquidity.
[09:48] So, once market tapping into that point now, for example, I will now start selling again to continue the trend.
[09:53] That is if you know that the sell will continue.
[09:55] Same thing for ranging point.
[09:59] If this is a ranging market now, for example, but a ranging market, there is a way I do my ranging market.
[10:06] Ranging market is very, very sweet if you have it on daily time frame.
[10:09] If you have a very structural ranging market, this one I usually like go up go down and you see the market go.
[10:16] Not that one I just chop here.
[10:18] You just see one place.
[10:20] That one is not you won't enjoy it on even any small time frame or whatever.
[10:23] And I think that is what gold is doing right now.
[09:25] So, now this is a if.
[10:26] This is daily time frame, for example,
[10:27] You will enjoy it so much cuz if you see anything moving like this on daily time frame, this is what I usually do.
[10:34] I just mark the lows and highs.
[10:35] So, it's expected of me to start buying at the low side and start selling at the high side.
[10:39] So, what do I do?
[10:42] If I take a buy now, for example, to the downside and the market start going up, I usually close at the 70% of the market.
[10:48] So, which is around there.
[10:49] I won't wait for the market to hit up there cuz any hit they can create a serious drop to the downside there.
[10:53] You don't know when the market will say, "Okay, you want to clear the downside."
[10:58] So, 70% is okay.
[11:00] That is what I usually do for continuation of a ranging market.
[11:02] So, I'm going to dive into the live chat.
[11:05] You got the live chat is going to cause it's going to make it look from the front.
[11:10] A lot of what I'm explaining right now.
[11:13] So, let's just deal on um continuation first.
[11:15] So, for continuation of a trend, I knew that this trend is going to continue because if you see a massive buy gold at this point, this is where the trader could sell on Friday.
[11:24] So, that's the massive buy now.
[11:27] For example.
[11:29] And if you notice, it's still same thing I've been I've been talking about.
[11:32] What did you notice at this point?
[11:34] This is the low.
[11:34] This was the previous low.
[11:39] Market created a high.
[11:41] It traced and broke all the way to the top side.
[11:43] It created another low.
[11:44] Now, this low that the market created didn't break this low.
[11:47] It still respected it at least.
[11:49] Your low can give you equal levels, which is double bottom.
[11:51] It can do that, but once it breaks it, it's not respected.
[11:55] Just know that something is about to happen.
[11:57] So, the market went up again.
[11:59] Then, it gave us another retracement.
[12:01] Now, this retracement that market it wasn't able to also like it wasn't able to come back up.
[12:07] You see?
[12:07] The market went up again, gave us another retracement, wasn't able to reach up to the first one.
[12:12] So, this is about this is something that's telling me that okay, the buyers are stronger.
[12:15] The market went up again, gave us another retracement, wasn't able to break this low.
[12:20] Like I said, the wick is not valid.
[12:22] The wick can go down, but that is not trying to tell you that okay, it's a sell.
[12:24] It must be a body of a candle.
[12:26] So, you see that the market
[12:27] Retraced or rather the market wasn't able to break this low.
[12:31] The market went up again.
[12:33] So, this is how you guys know that okay, this is like the market is still on an uptrend movement rather than a sell.
[12:40] So, now like I said, if you're talking about continuation of a trend, you will do what I usually do.
[12:49] Then, I'll mark the high which is around here.
[12:51] And I'll mark the low covering both um this thing.
[12:55] Wicks and this thing.
[12:57] If I'm talking about you can talk about continuation.
[12:58] Then, you take it from the 50% and where is the 50%?
[13:01] This is the exact 50%.
[13:04] So, once I mark the 50%, it's now left for me to start looking for point of interest around this low from here to here.
[13:12] Um we're not doing that point of interest class today.
[13:14] We're just talking about structure.
[13:16] When we our next class is about point of interest, how I modify my SL, how I make my SL those tiny.
[13:21] That's what we'll be doing on our next class, but this class is just for structure structure structure.
[13:25] So, um gold at the
[13:28] Moment right now, this is our.
[13:33] This is 15-minute time frame.
[13:35] And on 15-minute time frame, what I noticed is that on 15-minute time frame, gold is about to continue a little bit of a buy.
[13:42] I do not think it should not buy a little bit.
[13:45] I'm just telling you guys what I'm seeing or something.
[13:47] And what? Why am I saying that?
[13:49] Because of the market has started creating a high, a low.
[13:56] It broke structure for this side.
[13:58] Another another low.
[14:00] But why I said it cannot be that strong like it's not that strong because of it hasn't broken the major resistance, the major um resistance point.
[14:10] You understand?
[14:11] Like major resistance point.
[14:14] So, if this buy is going to continue going all this way like this and it breaks here, that is when you can know that, "Okay, continuation of a buy is about to continue."
[14:20] So, what you do now do, you would then mark from this high to this low if you're talking about continuation.
[14:26] And you take from here.
[14:28] If I'm looking for your take out of your future, then.
[14:29] Once I zoom, that's when the structure.
[14:31] The high side of the market has been broken.
[14:34] Because for this point that we are having a series of highs and lower highs, it hasn't broken this major point.
[14:39] So, it's not expected of the market to retrace up into this point to continue all the way to the top side again.
[14:47] So, let's talk about um this thing.
[14:49] This is this one I've explained on live chat is about continuation, continuation, and continuation.
[14:54] So, I'm going to I'm going to go to the break and this time I'm going to go to break.
[15:00] Which is the current time frame.
[15:05] You all know my phone, my laptop, my internet quality is too bad.
[15:13] Mhm.
[15:15] If this doesn't happen in gold, it's still on continuation of the trend.
[15:17] It's just exactly what I explained here.
[15:20] But, we had a little series of buy around this point.
[15:23] This is the high that the market is supposed to break.
[15:28] If you notice, I didn't take any proper
[15:30] Buy.
[15:31] This buy that I took, this small buy I took over here was on 1-minute time frame, which is like a scalp.
[15:35] Another replacement.
[15:37] I was waiting for the market now to break this high first.
[15:39] You saw I brought the lines in.
[15:40] Just like I explained that that point.
[15:42] To break this line first, so I'll know that yes, this buy is strong.
[15:45] So, once it broke it with a candlestick body and not a wick.
[15:48] If it's only a wick, I wouldn't have taken buy.
[15:50] I would have waited.
[15:50] So, once it broke it with a candlestick body clearly, let's zoom in.
[15:54] You see?
[15:54] It was with a candlestick body.
[15:56] So, what did I do?
[15:58] I started marking out my points.
[16:00] This is the high of the market.
[16:02] This is the low of the market.
[16:05] So, where am I to look for my point of interest from?
[16:07] Which is 50%.
[16:10] Sorry.
[16:12] It goes to look for my trade on 50%.
[16:15] Where is this trade?
[16:16] Okay?
[16:16] And where is the 50%?
[16:19] This is the 50% mark also.
[16:21] Which is an outlook.
[16:21] So, I'll start looking for my trade and point of interest on that point.
[16:24] Remember, we are not dealing on point of interest.
[16:26] I'm just explaining structure.
[16:27] But, only understanding structure deeply, you are even good to go.
[16:29] But,
[16:32] You've seen a point of interest class.
[16:33] But, only if you understand structure properly, like it'll be very hard for you to.
[16:37] This is also continuation, but let's leave continuation.
[16:39] Let me be on break.
[16:44] Cuz I've just been explaining continuation, continuation, continuation.
[16:47] But, most of my free trades I'm putting me on break.
[16:48] So, this is um 15-minute time frame.
[16:54] And this trade was being seen on 15-minute time frame also.
[16:58] So, what do we have here?
[17:01] We are having buy.
[17:03] Uptrend.
[17:05] A retracement that wasn't able to break the low.
[17:07] An uptrend.
[17:10] A retracement that wasn't able to break the next low.
[17:12] An uptrend.
[17:14] A retracement.
[17:16] An uptrend.
[17:18] And a break of structure.
[17:20] So, you could see that instead of the to continue that is uptrend that it was giving us.
[17:22] At least if you are going up continue like your uptrend but rather the market start violating, start violating the replacement point which is the low.
[17:27] You know you are on uptrend so once there is a violation of the low on an uptrend you should know.
[17:32] That a sell is about to occur.
[17:35] So rather the market sold all the way to the downside at this point.
[17:38] You could see we cannot see what is a knowing that is to tell you that what a sell is about to occur.
[17:43] So what did I do?
[17:45] There is a way I mark out my point of entry and I did my trade and I found this one to 11 risk to reward ratio.
[17:50] So let's go to other pairs to other um this one.
[17:54] Let this load.
[17:56] This is um this is a trade that I risked um I I posted this I risked $5,000 on this trade.
[18:03] I don't know whether some of you remember because the market was ranging too much.
[18:08] You see see the market see came close to my area of here.
[18:10] I have to close.
[18:13] Yeah I stopped.
[18:16] Um this is also break that it is.
[18:31] So what do we have here?
[18:32] A low a low.
[18:37] A low so you see that market is selling.
[18:43] So after the market selling, the replacement was expected of the market to break over here.
[18:47] You have been selling.
[18:49] So after you create this replacement, now you are expected of you to break over here down more.
[18:52] Rather, the market only came down a little and broke the high, meaning it is about to occur.
[18:57] So instead of you to continue your support a strong short, it let the short happen now.
[19:01] I did it perfectly.
[19:03] This was 1 to — I'm going to call the ratio 1 to 1 to 20.
[19:06] Well done calling the ratio.
[21:09] Mhm.