Short entry to be found with VSA sign after an up move till horizontal resistance + channel resistance. dont forget to wait for a VSA entry sign. Order Block setup with the same levels are attached also. OANDA:CADJPY
I see a possibility of EU buying to my area of interest to sell, to finish the Monthly Distribution Schematic.
Distribution Schematic forming to me on Spx500.
1 HR TF, USDJPY, SELLS - BEARISH MARKET CLOSE - MARKET WILL CONTINUE TO BREAK THE BLUE SUPPORT AND SELL TO GREEN LIQUIDITY ZONE - GRAB STOP LOSSES SET AT THE GREEN LIQUIDITY ZONE (THIS IS WHERE THE UPTREND STARTED) - MAKE THE PREVIOUS SUPPORT INTO A NEW RESISTANCE LEVEL (BLUE LINE) - MARKET WILL REACH 50% OF THE GREEN ORDER BLOCK (HIGHLIGHTED IN PURPLE) -...
Self Explanatory. Aiming for the last day it had a bearish candle around 19400. You find the bearish daily Candle in the perpetual futures contract. Ticker BTCPERP, I didn't find a bearish daily Candle in any BTCUSD exchange. But the BTCPERP charts are much better for trading CFD's anyway.
- Bullish pressure exhausting - Break of structure causing new lower low - Price inside 4hour OB, with entry inside 1min OB
Market structure has been broke with a lower low. I will be anticipating a new lower high to form within our 62-886 fib zone. I will trading into the -27 extenstion once price has provided us with bearish structure on LTF. Target is right below equal lows and a good R:R of 1:8 should we push that high! LET ME KNOW YOUR COMMENTS!
LOGIC BEHIND THIS TRADE IDEA : * I saw an order block up north from 1.29393 up to 1.30090. * Price is at an area where it has reversed from many times previously. * Price began to form a pennant on the 1 hr, 30 min & 15 min time frames.
Here is a 20 minute breakdown on Ripple (XRP/USD) on what I believe we will be looking for next and how I will be approaching it from an investment perspective and intraday trading perspective.
- Recent break of structure forming new higher high - Inside the 4hour OB - Will price push back up continuing the recent NZD strength?
Here is a trade idea on EURUSD, looking at possible short term short entry to the completion of the bullish butterfly pattern and a buy entry a the the leg of the hrmonic. looking to go long to take out liquidity sitting above.
Looking for a false breakout again of current bearish channel before some further downside on an initial correction down to 125.00 From there I will be looking for on a established bottom on neckline breakout (daily INV H&S)
Looking for short entries within our OTE and order block area. Price has finally broken a new lower low and I will be looking to trade into a new lower high in expectation of a pull back into weekly fibs. I will be looking for a LTF reversal + divergence on RSI near highs. -Patterns M -Extended M -Stop hunt high -H&S
1HR TF - BREAK SUPPORT (blue) - REACH THE 50% OF THE ORDER BLOCK (highlighted in purple) - RED WICK IS INVALID, DID NOT REACH 50% ON FIB LEVELS - BUY UP TO NEW UNTESTED LEVEL
- Price inside OB - Break of structure, higher highs, higher lows - Want another rejection of the 0.5 Equilibrium
I see opportunity for long positions soon . Good accumulation schematic forming , if everything play out right then it will confirm we are in phase D which will be the mark up. According to wckoff.
So far the DXY traded above the previous yellow line that I had marked up in the analysis that is connected to this analysis. It retraced into the weekly price (red line) but didn't trade above it so im still bearish on the Dollar. As of now I would like to see the market retrace into this order block and continue bearish to take out the low that was formed...