The Australian economy has continued to strongly recover, as the unemployment rate slid to 6.6% in December while the country’s composite PMI data for January rose to 56. This was mostly influenced by the successful suppression of Covid-19 that has allowed Australia to return to a level of normality. Looking ahead to this week, Q4 inflation data will be eyed by...
Full Bitcoin Short & Long Term Analysis - Smart Money
SWEPT LIQUIDITY FROM HIGHS, POTENTIAL SHORT FILLING IMBALANCES AND MITIGATING ORDER BLOCKS... RALLIED FRO YESTERDAYS LONG ON EURUSD DESCENDING CHANNEL, FOLLOWING DAILY DESCENDING CHANNEL WITH WYCKOFF DISTRIBUTION AT THE TOP OF THE CHANNEL, FOLLOWED DOWN BY TREND FOLLOWING MARKDOWN TECHNIQUE
DIDNT POST THIS MORNING FOR SOME REASON.. APOLOGIES GER30 SHORT FROM SWEEP OF HIGHS, RSI DIVERGENCE SND REJECTION FROM THAT ZONE. POTENTIALLY TAKING OUT IMBALANCES, OUTSIDE STRUCTURE AND MITIGATING ORDER BLOCKS ON THE WAY DOWN.
This is what that short might look like. There's a bearish order block just above the Unbalanced Gap on Jan 19 at 2100 CST at the price of 1396.05 I'm leaving quite a bit of room to be in the red because I see a possibility that it could spike throught the high once again before the fall so I added an extra $10 to the high. But I've been saying it for two days...
This range has buy & sell side liquidity that needs to be tackled. Ideally, I want to see a strong push above the consolidation into the order block marked before a reversal to the downside, as illustrated.
Ideally, we want a strong wick down into the structure/order block before upside continuation. I will be placing a buy limit around the region marked. The sentiment is 50/50 on the direction of this market so we need to play it by ear. COT - Institutions are fixated on a sell bias and have their sell positions loaded.
Price forming a rang and its looking like accumulation schematic according to Wyckoff. Higher Low was made right by the demand zone.
Price Mitigation on H1 OB Imbalance filled, Reversal should be in place
Always risky selling equities as the risk-on environment is still quite strong. However, we are at all-time highs and I like the equal lows created on last drives showing some selling strength. I will be looking to trade into high OB into last swing OB taking out equal lows. at 1:6 I am willing to take the risk.
Price has mitigated H1 Order block... Anticipating a rally down to grab liquidity below Confluence: H4 OB mitigation on DXY
GBP/AUD Long (Buy) Setup OANDA:GBPAUD
I normally wouldn't try to make a call on something like BSVUSD. But when the bearish order block just happens to align perfectly with the 70.5% retracement level, I have to say something about it. So don't get too excited, don't get the FOMO. Wait patiently for the correction to hit between 217 and 207 and that's when I would likely be entering the market. If...
Scalping Short (Sell) Trade Opportunity in EurGbp