Gold's "market maker" seem like knowing that majority are waiting for < 1900, so...They made it "u-turn" @ 1900.97 (fxcm) by forming daily pin bar?...
Currently there are more buyers in the market regarding our observations. An alternative setup is ready here for us!
Regarding our observations, currently there are more buyers in the market .
As a student of SMC, I've just shorted USDJPY earlier in the day on the 1H timeframe. There is a 1H OB where price showed a strong rejection (it may or may not respect it). Further more there is a divergence happening on the Daily Timeframe. Add on to more confirmation, there is a strong resistance where price shows there is a strong sellers happening at that 1H...
Currently there are Significantly more buyers in the market. Any touch or reaction to 0.9600 is a chance to short for us! TP is around 0.9550
While market sentiment is bearish I'm not bearish at the moment! If you have open long position it's good idea to close some of it. If don't a very low-risk short option could be an option for those who believe confirmation in LTF could do a miracle! If you prefer more suitable place to enter the market, just like me, wait for a breakout upper of 145.000 or...
Short Trade = Daily Anti Cypher + Bearish Maxlev Pattern Price seems to be in a downtrend, creating lower low market structures. Confluences: 1. Price below FRVP POC 2. Price below AVWAP bands 3. Large Bearish Harmonic Pattern 4. Bearish Maxlev Pattern Target: 1. Liquidity Hunt from Maxlev Pattern 2. FVG
1. I used the Previous OTE ZONE as my entry area when it has already been tapped a few times... 2. I did not plot a fib ret on the latest swing low/high for some reason despite there being a ChoCh present. One thing to note about this though, is that the FIBRET is Reversed. Seeing the non-reversed version meant there was no OB + OTE confluence anywhere. Maybe...
Harmonic + OB + IMB + OTE Check the pic. Main Reason for Entry is the harmonic pattern. Waited for Choch, and there it was. Entry point will be the Orderblocks confluence with the OTE Zone, based on Fibonacci .57-.8, Targeting Previous Daily High. Stop Loss at below liquidity points. I made 2 entry points in case the first one gets SL hunted. Overall good...
WELP. SL HIT. It got so close to TP point yesterday though. Sad. Anyway. Reason trade failed? 1. Strong resistance 2. Too ambitious tp point? 3. I should have closed the trade once I saw price made a lower high and flipped to the downside. 4. Maybe I should have made the SL or even entry point a lot lower than the FVG? Current price just bounced from the FVG...
Pullback OTE + OB Trade Strategy Pump + Pullback to OTE + Orderblock Strategy. Tapped FVG below + Weak High = ripe for more pump. Just has to gather more gas at the orderblock to fuel the breakout. I just can't think of any good or new thing to say about this. I've done this several times. You can follow this or not, it depends on you. Just put a stoploss and...
XAUUSD has been depreciating for a long time. High-volume orders-block have formed in the time frames m15-m30-h1-h4. SUGGESTED TRADE: Entry-ranges: 1980.3-1983.34 Stoploss: 1987.89 Target-1: 1975.75 Target-2: 1968.95 Target-3: 1961.93
We are Currently in Premium, testing a Bearish Orderblock in the form of PDA. Inside this Orderblock, we have a new orderblock from which price moved rapidly away from as well as it took out previous high, which validates the OB. Price Manipulated the Previous Highs with a long wick, making this a Smart Money Reversal. We have a lot of FVG and EQL (SSL) to fill...
On the 2hr timeframe, I notice a OB supply level with liquidity taking out the previous SL before. I have placed my entry on this and am now waiting. This type of trade will probably run for couple days due to the big move to the downside. I will be taking partials from certain price levels.
Today I want to see fill of the 1h Breakaway Gap - 4139. My key level 4125. This is buystops level. Pretty sure it will want to test it to complete ATM/ICT Mentorship Model. My Pre-market Plan for May 24, 2023: Bullish Scenario - Break above 4165 (short-term BSL, 4163 NY Midnight Open Price as well) can bring some bulls —> 4175 - this is "NWOG" - 04/16-04/21....
The structure has been broken to the down side today morning, currently the price is seeking to take out the last liquidity hunt before the collapse. I personal will wait until the price gets to the order block and switch to 1 minute time frame to look for entry.
DXY has tested 4h FVG which is lined up with 79% of the 4h OTE. I expect sell off to the 4h Equilibrium. And if it holds this level, it may bring some bulls then.
After a good start on the 15-minute chart around the Point of Interest for buyers on the 4-hour chart, I noticed that we are also in a key area of interest on the 1-day chart. According to the Smart Money concept since January 2021, we have only just finished accumulating liquidity. After such a powerful one-day candle, I decided to leave a portion of my deposit...