XBTUSD | BITSTAMP:BTCUSD | BITFINEX:BTCUSD | COINBASE:BTCUSD | BITFINEX:BTCGBP | KRAKEN:BTCEUR | BITFLYER:BTCJPY Impulse gaps - when price moves away with large volume and creates a tall candle, price creates a gap of untested areas which could be referred to as liquidity gap. These liquidity gaps are caused from lack of actual liquidity,...
We seem to be forming a classic wyckoff pattern. Textbook accumulation with large volume breakout. pbs.twimg.com I'm looking to buy the stop run back into accumulation zone (very common). Very strong orderblock here as well. Upside risk/reward is amazing at 6:1. I will be closing my trade a bit below where I think price will end up.. not getting...
DXY Weakening Bullish Momentum Higher High Wait For Confirms
The S&P has staged a strong rally after the buyer capitulation. It has shown the professional hands to us that there are plenty of willingness and ammunition to buy the market at the 2530 region. If the bullish leg were to continue, it would have to clear out the 2660 level where a bearish order block meets the 61.8 fib of the whole down move from Wednesday to...
The pattern at the top is a classical three drive distribution top formation. The double top to the left seems to be the top, but the market maker to drive through that formation one more time to sell their holdings to the short sellers who are covered at the high and the unsuspected speculators who are chasing the high. After it broke down from the third leg,...
The range I have identified in my previous post has been proven to be a distribution range. There is some bullish reacted out of the bullish order block at the 2 dollar mark. However, the buyers are facing a hurdle of heavy distribution at the 2.6 level. Most likely, we will not see price trading above 3 dollars (too many selling) until late Jan when a new wave of...
The price of gold has carefully been manipulated to below last months open price. It has a few more stops to clear before I expect a possible bounce just under $1265. Bullish Order Block 61Fib
Looking to get short here on EURNZD for a swing trade. Will have tight stops just above the last LTF high. Target is huge so big risk/reward on this one
Here are a few trade levels I will look to trade this week.
On the left I have an example of what I am looking for in this USDCAD. There is a major untested order block just under the recent lows. I am hoping the lows will get spiked into the order block before we have a nice rally up. Good risk to reward on this one
Gold continued its negative momentum to break 1208 and closed below it, which opens up doors too the level of 1180 in the upcoming sessions , supported by 50EMA.
Weekly & Daily order flow of price is within an area or areas (order blocks) where price likely to reverse & changes direction. Added confluence with daily trend structure & distribution of price in Monday's trading session where liquidity underneath price wasn't taken out give me the heads up to look for shorts for Japanese yen. Entry @ 113.74. If this position...
USDJPY looks like it reached for the bullish order block. This is a bullish signal to me and I feel we could have a little rally. I am looking to enter on the 50fib. Will also watch on the LTF to see the price action when it gets there. Big potential targets so great risk/reward on this one
Fundamentally OIL inventories had a big drop and Trump didnt drop the Nafta trade agreements with Canada. Both bullish fundamentals. Technically there has been a stoprun/liquidity run and I am looking to short on the 30min at the 50% retrace. Big untested order block on the 4H at the 78fib which will create a perfect bullish cypher
Fib levels confluence with order blocks - 4hr & Daily. Just sitting on my hands just waiting for price action to unfold. Price to continue from the up trendline structure towards the previous day EQ and then previous week EQ to take out stops above the swing high.
Price respects Daily & 4Hr order block, trades back into the up trendline structure. Fib drawn from swing high to low 50% retracement level & 4hr breaker low lines up together @ .86081. Possible HP move on the downside if EQ holds. Also previous week EQ too .86075 added confluence for me to short this pair if price action plays out to the books.
Looking to short at the order block. Expecting market to run the lows for liquidity into the Bullish Order block
Targeting 1237. Weekly Cypher example just recently.Expecting the same on the 8H chart. Possibly could take out C, but will get out at the lower targets for now.