Price action outline, Analysis are all subjective, trade responsibly.
Gold finally gets to major POI at PRZ of butterfly pattern completion after about 4 weeks of anticipation. looking at short entries at the zone.
Today’s Technical Analysis – USDCHF- trading in equilibrium where a break is imminent Points to consider, - Structural resistance (bearish retest) - Declining volume - Apex - RSI at 50 A break in USDCHF will be imminent as price continues to reach its apex. The support and resistance lines will converge leading into a break in structure. The structural...
Wait for a sweep of the lows to take out stops before a run on previous days ATH Order set 3 pips above the order block on the 15m 9 pip risk v 118 reward
I see Telsa grabbing buyers off the (resistance/floor) that was presented to them all the way to the 3H OB before selling to clear the liquidity at the bottom below the resistance.
liquidity pool formed at eqh got taken out with shark extended d leg, looking at price mitigating the CC before the drop to fill up imbalance.
Price is ranging in between two significant zones. The ideal situation would be to let price tell us where it wants to go with a clear break of structure, we can then perhaps look at an entry when it retests the key level and target the liquidity levels on the chart price should ideally head towards giving us a high R:R ratio and a high chance that price will hit...
This pair has broken out of a descending triangle, HTF bias with huge shooting star testing and rejecting lows on the weekly chart. Looking for a move to test liquidity at old highs.
Shark patterns congruent perfectly with institutional trading as price took both liquidity at the resistance and support zone before moving the opposite direction, expecting a drop from current market price mitigating the institutional candle at 88.6 fib retracement.
Market Structure + Price Inefficiency + Fib Confluence
4H Structure + 1H Price Inefficiency Confluence
Liquidity Pool created next to one which just got cleared. looking at price heading down to take out the liquidity and mitigating the institutional candle that took out previous liquidity. price as well left an imbalance which is the possible buy entry.
On the 4 hour timeframe, Gold has been in a bullish trend, creating Higher Highs and Higher Lows. These Uptrends has been forming as a D leg completion of bearish Butterfly harmonic pattern. Curently price is at a mini resistance creating liquidity just below the D leg of our pattern. Expecting liquidity to be grabbed, triggering entry of the harmonic and a drop...
EURJPY looks like it could be in an excellent position to make one more big move to the downside before reversing on the larger time frame. 🤔 Sit and wait for this market to move higher first before entering for another downside move. Where there are trapped buyers at the top will be a perfect place to sell. Watch for strength on the way back down breaking...
Hello traders, Given that my last idea is not playing out as anticipated. This is my take on current price action. I would caution people who are looking to buy the breakout to be extra careful. My ideas are for entertainment purpose only and should not be taken as financial advice. Happy trading!