The Euro demolished the Dollar for the back half of 2020 and retrace to some level makes sense. The market seems to have exhausted some buyers which is evident on lower highs and the failure to squeeze sellers from 1.2347. The dollar may continue to weaken in the coming months, however there is definitely a correction due. Based on analysis I see smart money...
Hey guys in this video I will be doing a trade breakdown EURNZD. This is a trade I took today for 80 pips and I got into detail as to why I took this trade and what made it successful. Let me know if this helps anyone at all or if you have any video recommendations!
Targeting liquidity and trading fresh demand levels. Entry timeframe is 30M. Want to see if price is going to go deeper before going back up again.
Indications that suggest a move to the downside within the next few days: - A completed liquidity run above last week's high, with subsequent bearish institutional candles - Completed W formations that have reached reversal zones of fib confluences - A liquidity void to the downside that needs to be covered - Gann based time/price projection
Ethereum may be gassing out due to exhaustion. However, it may just be searching for liquidity which it will find just under the receent equal lows about at the 150% extension of the current High and recent low/drop. I suspect it may come back up as a fake out and fall short of the high due to the bearish order block. There's a pretty significant trendline which...
here is my bias on this pair, looking at entry at mitigation point of CC after liquidity been grabbed. Share your thoughts below...
Trapped buyers => SHORT trade!
Just updating my ideas about EG! We saw shifting in momentum, taking all the liquidity (stoplosses) and market enters nearest fresh demand zone. That means we can grap our new supply zone from 4h TF and then continue to the downside. I´ll keep you updated! :)
I have laid out my idea on the daily LRK Loopring chart, if you don't know LRK is giving away millions of incentive Loopring tokens as an added bonus incentive for a couple of weeks starting Jan 7th The link is where you will find the wallet download its not in the play store yet. They are running three different pools with incentives you can start depositing or...
My overall bias is short. Ideally, we will see the retracement to the FVG complete between Monday/Tuesday forming the HOTW and then the expansion to the downside grabbing liquidity.
The Brexit agreement created a lot of optimism for the pound which impacted the sentiment and introduced retail buyers into the market. If you pay close attention, you will notice that two sets of liquidity have now been purged, potentially giving the banks enough volume to create the next upside move. The first liquidity hunt was the push past resistance...
EURUSD is hitting some weekly order blocks and is at a potential inflection point. It could go higher searching for liquidity, or could turn down from here. Interesting point to note, US Dollar / DXY is also at an important (& opposite) inflection point. So is GBPUSD. Follow me for more analysis & trade ideas!
GBPUSD is nearing some very potent bearish order blocks on the weekly chart, which can cause price to bounce back (at least temporarily). Also, the price delivery while going up is very clean and has no apparent open bullish order block. So if it falls, there's nothing to support it. Also, DXY and EURUSD are at their support & resistance (respectively). So this...