FX:GBPCAD This pair created multiple rejections at the highs before printing a top reversal. Those rejections on the 1 hr time frame formed a Micro level of resistance in the market. If this level holds we could see a test of the 78.6 level on the Fib. If Momentum remains bullish on the higher time frames we could see a break of the highs. If that occurs I'll...
ES again closed with Buyers in control and now we have the Strong Resistance Zone at (ES 5209-5219) where Sellers are likely to be active on 1st test. Short-term Neutral-Bullish Intermediate Neutral-Bearish
H4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 06 May 2024. -> Swing: Bearish. -> Internal: Bearish. Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for...
D1 - Higher highs Bullish hidden divergence No opposite signs H4 - Bullish divergence Downtrend line breakout Until the strong support zone holds I expect the price to move higher further in the short term.
As shown in the picture,we determine the current daily chart is a bullish.How to buy? As the SMC concept,we must wait.Now is not a good position to enter a trade, we need to wait. The optimal is Pullback,lets get a good long position. The second choice is reach a higher high,and we get a new pullback step. Be remember Risk Reward is first principle Good Luck Folks
This is my Intraday analysis on EURUSD for 7 May 2024 W19 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Today's sentiment for EUR/USD pair is shaped by pivotal occurrences from the previous week. The release of weaker-than-anticipated Non-Farm Payroll (NFP) data...
Analysis using Multi-timeframe data (1h, 4h, 1d, 1w, 1m) COINBASE:BTCUSD
Reasons why I took this trade. Weekly Bullish Daily Bullish EMA in confluence with AOI Daily rejection 1 Hour EMA respected Daily bullish engulfing FIB 78.6 respected Daily Bullish Engulfing Daily EMA respected Entries: - Missed the original entry - I did not want to jump in below resistance, I entered after 1 Hour - Chart went above EMA ...
Price coming from Daily demand and took out the liquidity on H1 and now ready to target upside buyside liquidity.
Trends are mostly in an upward movement stage, looking to remove the violation left of the 12hr / Daily lower high trend indicators. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5086 Uptrend (5/2/2024) Higher High 1Hr - 5117 Uptrend (5/1/2024) Higher High 2Hr - 5117 Uptrend (5/1/2024) Lower High 3Hr - 5157 Uptrend (5/3/2024) Higher...
After a prolonged appreciation of price, last week Monday saw a gigantic sell off with little to no manipulation, closing below may pools of intraday sellside liquidity indicating that a minor retracement in comparison to the grand scheme of the bull trend is acceptable and further downside is likely, at least down to the daily bullish order block located @ 2306 -...
Slow and steady wins the race and it can be said that for the past 2 weeks, Euro has been in a buy programme, creating minimal fair value gaps before booking @ the weekly bearish order block. But on closer inspection, when Euro retraced up into the weekly order block, the median threshold @ 1.08586 failed to break nor test which gives me the suggestion that the...
Starting off with a topdown perspective of Cable and we can see that the sellside imbalance buyside inefficiency has been balanced with todays price action but the weekly order block located @ 1.26479, although partially rebalanced, there’s a chance price action could be repriced to and through the order block but that also means that dollar will need to continue...
In comparison with ES and NQ, YM has been more disciplined in terms of following market order flow as there are few liquidity gaps present and the ones that are present (such as the one I outlined last week @ 38238 - 38150 was respected going into last weeks trading. I must note that Thursdays sell off through the newfound liquidity void has meant that smart...
Although during the meat and potatoes of last week has been very choppy, with many gaps appearing in price action on the daily timeframe, ES has managed to reprice through the prior weeks buystops into a sellside imbalance buyside inefficiency located between 5123.25 - 5248.75. I do not believe the buying pressure is over yet as just above the SIBI is a bearish...
More so choppy price action throughout the week than the bond market or yields but it can be seen that a rebalancing has occurred on the Friday and on this weeks Monday open but sellside is still pending to be attacked. Smooth lower highs has been created which will challenge my short bias down to the consequent encroachment of the weekly fair value gap as the...
Beautiful price action throughout last week! Weekly range spans from 115.05 - 112.27 and we have failed to see a run in sellstops even though we have been in a continued bear trend. 113.10 was the area of interest as well as the weekly bullish order block that was mentioned last week and price action bounced of 112.27 like gang busters! We have opened the new...
Multiple time frame analysis for USDCHF. Price action & Important key levels. Directional bias & thoughts. ❤️Please, support my work with like, thank you!❤️