Directional bias is short term bullish. A large institutional candle is seen on the 30 minute time frame which indicates a stop hunt on liquidity resting in that area. Therefore I'm looking for price to return to mititgate that entry position created by the banks and then continue upwards. It is already doing that.
As retail traders, we have the luxury of entering and exiting any position with ease - the size of our trades are not large enough to affect the market whatsoever.
Now put yourself in the shoes of a bank, a multi-billion dollar fund - any type of institutional trader. You want to go long $2 billion dollars on a stock, a forex pair, a cryptocurrency - in doing so...
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Went Below the Liquidity area sucking people in to sell. The bias is Bearish on the Dollar overall. Waiting give yourself a decent stop loss. Mine is crrently 22 pips and my first take profit will be the high at 1.6675. Ultimately trying to reach the next daily bearish order block before we see a major retrace.
Will fill in more
Prices broke out of structure, leaving behind a buy-side liquidity will be met later on. The immediate structure presents a bearish movement and we will be trading this bearish movement down into the demand area before buying back up into the liquidity high.
-techniclly if you're following my previous Idea, we're still not out. I'm just making another setup for anyone who didn't catch my earlier I dea, better setup too. Will type more, just want to get the idea out there that this should be going long and check my linked idea for previous info.
I'll complete all of this in 15
My directional bias is bullish based on the higher time frames: M,W, D TFs. I found a point of interest (POI) as outlined in the label on the chart, then proceeded to refine the point of entry. Point of interest was found based on the break of structure(BOS) and identifying the Order Block (OB) which created that strong impulse to the upside. Another confirmation...
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It seems that bitcoin has made. Decent Run and no one can explain it. Well for...
We have a reaction on the daily OB which shows us the EOF on higher tf. On the lower tf. i see the bos and i am looking for price to come back to the OB that caused the bos.
Educational use.I am not a financial advisor .
Gold has been bullish for a while and we anticipate it to keep pushing to the up side.
I've just seen a re-entry setup for a long position. We just recently broke out of a range that we've been in for about a week.
Price is slowly coming down to mitigate an OB (Order Block) in the supply area that has been marked. From there we anticipate price to push to high...
There'e be a few fair value gap and berish order blocks along the way to knowc the price down a bit. But you have remotely equal highs which meamns there is. tone of liquidity resting aboveand around these areas of "Resistance" They're not resistance, they're just part of the algorithm themselves that were knocked back due to fir vlue gps and being oversolf on...
Gap filled, corrected bearish rally with this bullish push with last FOMC and price mitigated a daily OB. next target should be to correct the imbalanced formed with last FOMC and raid all the liquidity below 89.0, price can potentially break thru 89 and target 79 which would be the next big liquidity pool