NZDJPY: Strong Bullish Signal 🇳🇿🇯🇵
I spotted a nice example of the application of SMC trading
with multiple time frame analysis on NZDJPY pair.
After a test of a significant daily demand zone,
first, we see a liquidity grab where the price went beyond
the underlined zone.
A consequent bullish imbalance and CHoCH confirm
a real strength of the buyers and indicate a highly probable
bullish continuation.
Next goal - 86.43
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EURAUD: Bearish Movement Confirmed?! 🇪🇺 🇦🇺
Sellers demonstrate a clear strength after a test
of the underlined blue resistance cluster.
A formation of a bearish imbalance candle and a confirmed
intraday CHoCH leave strong reversal clues.
I think that EURAUD will likely retrace today, at least to 1.738 level.
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GBPUSD: Bearish Move Confirmed?! 🇬🇧🇺🇸
GBPUSD looks bearish after a release of UK GDP this morning.
I see a strong bearish imbalance after a test of a key horizontal resistance
and a confirmed Change of Character CHoCH as a confirmation.
I expect a bearish continuation at least to 1.3224
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CADCHF: Very Bearish Candlestick 🇨🇦🇨🇭
CADCHF formed the insidebar pattern after a test of a strong resistance cluster.
Bearish breakout of its range is a strong intraday bearish signal.
I expect a retracement from the underlined area at least to 0.514 level.
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.