GU has been ranging this week, breaking highs and lows. It could continue to range until it gives us a sign that it wants to break out of the range. Yesterday it moved aggressively to the upside taking multiple upper side levels then followed by an aggressive move to the downside, taking some bullish order blocks and sell side liquidity. It also left fair value...
Bearish move anticipated on GJ. Waiting for price to retract to the 0.4 Fib level then to enter. The trade is targeting the sell-side liquidity. Follow for more trade ideas that work!!!!
My bias on DXY is neutral and this is the same with my bias on GBPUSD on higher time frames. But looking on the 1H time frame it is more likely for it to move up because there are a lot of order blocks, buy side liquidity sitting above waiting to be taken (green lines above). There is also an equal high (yellow box). Prior price shows that it took multiple bullish...
Since HTF bias of GU is neutral, I will take a LONG or SHORT position depending on how price reacts at the 1.28000 area. If it touches that area and shows that it wants to reject that area by showing a displacement to the downside with fair value gaps, it is likely that it will continue down to take below sell side liquidity or bullish order block levels. Or, if...
At the moment, GU could go either way at the moment. LONG bias: Since it already took the daily bullish order block (BullOB D TAKEN line) and the 61.8% Fib (BullFib 61.8% D), it is possible that it will continue moving up to take the upper liquidity and order block level. SHORT bias: Or, since there is still a daily liquidity level (SSL D) below and whole...
I was seeing the daily bullish order block (BullOB D TAKEN) as the final target for the move down, and since that was already taken, I think price could start reversing back up especially that it already shown a market structure shift (MSS). The bearish order blocks above could act as magnet to pull price up.
This week price continued to move down as expected, taking some sell side liquidities (SSLs) and bullish order blocks (Bullish OBs) which acts as magnet of price. The Daily bullish order block was already taken so price could reverse back up to the Monthly bearish order block. But since there is still a Daily sell side liquidity and the whole number 1.26000...
Price moved down and took SSL4H and bullish OB 4H then move up. It could continue to move up to take Bearish OB 1H or BSL 1H before moving down to take Bullish OB D. Or it could continue moving up to take Bearish OB 1H, pullback and continue to move up to take both Bearish OB 4H and Bearish OB D before moving down to take Bullish OB D
GU could move up to take the 1.29000 level and Daily bearish OB before moving down to take the 4H bullish OB.
I'm looking at Buying Opportunities - H4 FVG as next Draw on Liquidity after July 6 Manipulation then Displacement - On Discount Level from Thursday - Displacement MMBM friday 1st accumulation - Displacement today on Asian - Mitigation Block PDAM at 62% + FVG
Price has broken structure on the daily. I would expect some form of retracement this week for a push further below the highlighted level of liquidity below. an entry around the 60% Fibonacci retracement level to watch out for. I would however like extra confirmation at the fair value gap on the 4H before I actually take an entry.
Though these levels seem far, the bullish arrays below might sponsor the move to the Bearish Arrays for a shorting opportunity. However, this is a counter trend idea as EU is still bullish generally. There are no Liquidities resting nearby, thus the chance that price would go beyond the level up is unlikely except for its continued bullish expansion. Checklist...
With price engineering liquidity through the current channel followed by an Accumulation, Here's a possible AMD setup (Accumulation, Manipulation and Distribution). Checklist for setup: ★Liquidity: SSL ★POI: Two possible 15m levels (I'd divide risk) DOL: BSL (up. See follow up post). Success to all.👊🏼
First entry level (deleted) was taken out as price mitigated deeper into the 1hr ob. Even though, the second entry level was at the top of the swing, news volatility drove past it by 1.8pipets. It is always safer to place SL at swing points (that do not have Liquidities or Unmitigated levels resting above—Bearish structure or below— Bullish structure them...
Two possible levels for aggressive entry. Fundamentals look bearish for Dollars This is where I want to divide my risk.
Here's not my favorite kind of continuation entry. What to do in scenarios such as this one? Options 👇🏼 a. Divide your risk b. Use confirmatory entry c. Don't participate (sit it out and be patient for the next high probability setup) d. Moving to another pair (instruments) you trade with a better setup offering higher probability.
Maybe a scalping opportunity. There are levels below (FVGs) for possible long opportunities but here's a likely AMD setup that might lead to the EQHs above before returning to the Bullish levels below.
Cause of the possible bullish run for next week: mitigation of weekly FVG (a little bit below Equilibrium at discount) Trend: Bullish as price has broke structure up (ChoCh) Stage: Expansion but expecting a retracement into either the 1hr FVG or extreme FVG that will trigger a possible long opportunity. What will cause this retracement is the mitigation of that...