Gold has been bullish for quite a while now and continues to be with normal retracements on the way. It's currently retracing and as such anticipating further downward movement to around 1823.26, then upward again. So if taking trades on gold this week, looking for shorts into that area.
This was a nice asia range sweep setup on dxy and usdchf.
We had the asia range form, and price sweep in London to set up orders and then stack in during NY.
The price delivery was beautiful.
Let me know if you trade asia sweeps?
*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to...
Go Long on this stock
It broke its previous high , then came for a retest at the Origin of the breakout .
Go for short to long term targets .
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*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to...
GJ is currently bullish but anticipating a slight rejection after price reaches the 50% imbalance on the daily. So there are buys in the direction of the imbalance and short sells after, then anticipating price will continue bullish after those short term stops.
The Logic: Overall EU is bearish from the weekly and Monthly TFs. Also on the weekly TF price has broken key structure, moving towards the downside, hence I'm anticipating a pull back to the OB which caused the break of structure, then a continuation downwards. On the daily TF, price has created a shift in market structure upwards, possibly signaling the pull back...
*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to...
Pretty simple analysis on this one.
USDJPY is on a bearish bias, DXY (dollar index) is currently with a weak bullish sentiment entering a mix between BULLISH/BEARISH which could indicate weakness of dollar pairs.
We have right now a BOS (break of structure), nice bullish order block, and an imbalance to be filled before a possible continuation of the bearish...
Price did a sweep of the equal highs, drawing on liquidity that was resting above. With a bearish bias, I am anticipating that price will return to the IC that swept liquidty and continue downwards. There's also liquidity resting below and I anticipate a sweep of those lows as well.
***Smart Money Theory - Nothing that I have learned in retail trading has brought m profits, So I use Smart Money Technique or Institutional Trading. Currently, with EUR/USD it Appears that the Price Action is slowly making its way back toward levels from 2020. It has hit an Order Block on a daily time frame (Wick) and I believe it will drop below the Asian range...
Gold continues to be bullish, showing no signs of weakness, with significant breaks of structure to the upside. I anticipate the bullish momentum will continue up to the D1 POI, (Weekly High) denoted on the chart. After that I anticipate full bearish momentum. Will be looking for buys up the POI.
This ICT concept is one of the many that can be used to take your trading to the next level and create consistent profits for you. I break down the concept and define the terms used with this concept.
The long term trend on this pair is bearish but we're currently seeing reversal signals. Liquidity has been taken below and above the ranging area. But wih the reverals indications, a counter trend trade is possible, yet I'd not set my TP too far up, as price may not return to the order block that caused the previous break of structure as yet.
Remeber there will...
