This idea I made is based of smart money concepts. There seem to be several confirmations that this trade will go as planned. News affecting the price of the USD is going to be released on Monday too, which is expected to be good for USD. This reinforces this trade as the USD being stronger will make the EUR/USD pair go down in price in a faster amount of time. I...
On the 4hr and 1hr chart, we see that the previous high was an order block (evident by the high volume). Order blocks by definition end up getting filled to create a fair price for buyers and sellers (in this case sellers) to get back in the market. The stop loss is set underneath the previous support. It doesn't sit on the support because the high volume on...
This is the analysis of the 2 swings on the Daily Chart of EURUSD. Jan-Apr 2021 We can clearly see the pattern repeating itself on the course of the first quarter of this year; The price is, as we know it completely random, but we can remark that it is fractal meaning that we can spot the same behaviours/patterns on the Monthly as well as 15m chart or any other...
GBPCHF Sell to Buy. BOS from downtrend into uptrend. Selling in institutional candle that took liquidity & broke the Lower High.
After extending my stop slightly to accomodate this pair begrudgingly, I have now observed a near perfect Wyckoff schematic of distribution on the 5m timeframe. If I am correct the institutions will begin their sellof shortly as I believe we are in the last phase where we saw increased volume with a rather weak reaction compared to the previous test where we had...
Hello traders! This is my institutional view on the pair GBP/JPY. Identifying the supply and demand we might expect a rejection off the supply level pretty soon. Our target level is the liquidity area at 148.7
USDJPY H4 - LONG We are expecting another test into the zone, potentially creating a lower low before a bullish impulse, breaking out of structure, creating a higher high. With that, we anticipate the higher low formation with price action patterns before taking a LONG position towards the next resistance area.
Looking at the chart, we have seen within the blue box 4 touches of this level. This is filling the retail traders with confidence that a breakout below which is what's just occurred will continue that trend. Nice long candle this morning clearing the liquidity on buys and now that people are putting on sells they will push the price back up to clear those stops...
MY ANALYSIS > SRT , PRICE ACTION , INSTITUTIONAL ORDER BLOCKS AND FIB RETRACEMENT CURRENT MARKET IS IN A STRONG UPTREND. GREEN DOWN ARROWS INDICATE POTENTIAL SELL OPPORTUNITIES. RED UP ARROWS INDICATE POTENTIAL BUY OPPORTUNITIES. DOUBLE BOTTOM FORMED 1684 POTENTIAL BUY OPPORTUNITIES IN 1740 – 1775 – 1820 - 1880. INSTITUTIONAL ORDER BLOCK LEVELS -...
- Price in consolidation zone, currently approaching clear support level - Anticipating a stop hunt institutional move, fake to downside to take out retail buyers - Then pierce back into support level and retest before measured push towards supply zone
Price creates liquidity from clearing equal highs at around $1750, following the double bottom formation formed at $1680, which created liquidity from a 450 pip stop run after clearing equal lows from 8th March. Price balanced out the previous imbalanced bearish move to $1680, and a bullish move to the liquidity sitting at around $1750 followed shortly after, as...
Trade Idea - 💡 Looking for sells at the 80% of the 4h BTS MC Let me know your thoughts?
AUDCHF H4 Look for a retest onto previous resistance area for a SHORT opportunity towards 0.70300 support area, and find ways to LONG this towards 0.72200. Great opportunities on both sides and we'll see which position pends out.