EURUSD - In a weekly downtrend, price has now come close to the .886 on the weekly pullback (Also creating a shark pattern) Price could extend to 1.13 on the shark but as long as the daily closes back below were still good to go short here.
Now price is ranging creating liquidity, I'm waiting for one last liquidity hunt to the upside before potentially taking...
GBPUSD - Weekly supply zone is strong, the pennant failed to break to the upside, so now i'm looking bearish on the HTF.
Price has created EQL and EQL, I want to see this Bat pattern complete, possible with a stophunt on London/NY (4th hit to the high before price falls) to take out the liqudity before falling back towards the previous weekly low and continuing...
Important things to note:
BTC printed 8K candle on Binance (pretty shady).
Liquidity event starts chain reaction.
BTC has pulled back and is creating bear pennant target 58k unless pattern breaks.
ADA has long wick due to liquidity event.
ADA creates bear pennant.
Ironically I did an update on stop hunting right before we see a giant example of it.
The plan for...
Many would assume price is gearing up for the next leg down, however, I believe price has actually taken liquidity from the buyers of support so It could be ready for its next impulse upwards before continued sells.
What are your thoughts on this chart work? Are you bearish from here or bullish from here?
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We have shifted from a bullish market into a bearish one .
However, price has begun to lose momentum which suggests to me that a retracement is likely.
We have several liquidity points on the buys that need to be targeted before we can begin to look at selling with the trend again.
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WOW! Look at the size of that head and shoulders pattern.
Retail traders will be all over this! This calls for caution.
I won't be trading this method how retail trade it, I will be waiting for the manipulation to occur before I introduce my sell positions.
Selling the breakout could be catastrophic because we have an order block resting below the region.
looks like BTC has a banker of it's own to get liquidity and maintain Fear Greed
as well as ALTs uncompromised from BTCs funding
LONG story short... Alts have body guards to support fresh investors not to panic and reward towards Q4 and Q1 next year
Gold - Bat completed close to the Daily highs and has created new highs and BOS on the 3H/1H, I expect a potential retracement from this level before it breaks the highs, I'll be using the previous lows as targets.
Whats your thoughts?
The trend has shifted into a bearish market, for this to continue we must retrace to mitigate positions before we can sell-off strongly again.
I would like to see a pullback to wipe out the breakout sellers, once this is out of the way we can look to enter our sells as illustrated.
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Prices ranging between a supply and demand. Whichever fails will prevail and could be traded, therefore.. wait for the break out structure showing the demand FAILED then trade the supply that cause this reaction.
GBPJPY - Potential deep crab forming, I will wait to see if price rejects from the daily low or breaks down to the crab D point!
I'm still overall bullish on this pair on the HTF I have a crab on the weekly projection, I would see this move as retracement > continuation.
Whats your thoughts?
Gold - BOS on LTF to the upside and the DXY continues to fall, we have a nice PRZ up around the X point this area has the most confluence for potential reversals, however I'll be scalping from OB's short while price hit's my main targets!
Whats your thoughts?
US30, I'm still bullish with US30 because of the amount of trapped liquidity we have here (We might get a small pullback because of this) But we're very close to a supply zone which has lots of confluence for a high probability low risk BIG short trade, price has already cleared out some of the liquidity, but looking left theres still a lot more in this zone which...
Gold can some times be a pain in the ass but a good pair once it goes your way.
It has been building liquitiy for a whole year now. If we experience consolidation of price in the coming days just watch out for a bull run before a nasty fall happens.
Longterm we are bearish but sellers in the markert must be reduced.
I hope this gets out to as many people as...