Crazy right?!😲 Who would have thought we would be back trading at the 1998 highs? Well, here we are.
Sooooo what is the game plan now?
Ideally, we need to figure out a zone to sell from! 👇
So let's figure that out together:
Where is everyone trying to sell from currently?
⚡ The supply zone we are currently trading in.
Where will everyone's stop losses...
Willing to short to the H4 FVG below, about 121 pips to the downside, then will consider buying up until price reaches a 2 week resistance zone/OB.
I'd like to see if price will re-test 1.05929 to then sell to fill in the gap near 1.04817 - 1.04765. Another option is not participating in the counter-trend and wait to enter once and if price reaches the deep...
Price is quickly approaching the main order block/demand zone and buyers will begin scaling in shortly. Personally, I believe price is going to completely disregard this demand and collapse straight through it. With this thesis, we could potentially look at selling into the liquidity sweep from this region.
If DXY break that below market area with strong candle . it is likely to come back to this high value area .
go to your chart and open 15 min TF and put one line in 106.836
you will see how many times price has snap back from that area .
its likely MM is selling from that level .
it will be interesting to see how this will play out
Weekly Chart: Traded into last week's bearish engulfing candle and then took out its low.
Traded into a +POI (W+FVG), wicked near MT at 4236.6
Weekly Idea: Because we are bearish but entered into this +POI, with may get a bounce but would look to see if the PWL is taken out for a continuation lower. For now, I'm 505/50 on this mainly because of the W+FVG. A...
Weekly Chart: DXY and GU both have reach POI, on DXY a W-OB and on GU a W+FVG. In this scenario, I'd be looking for DXY to see how we respond to the PWH if we fail to take it out and trade back into last week's range, I'll look to the downside potentially. If we trade through it, the +LP at 107.993 will be the next draw. GU will have to deal with the W+FVG and...
As price mitigated a 2 week OB below and is showing possible signs of buying interest, I'd consider entering after it comes back to this H1/m15 OB. My analysis shows that I could hold until 1.9500 (minimum) to 1.9600 (max).
Weekly Chart: Price took out the PWL and the August low into a W+OB and we did close positively for the week. We did create the low of a W-FVG (not drawn but, it's there) and price closed near the middle of the weekly range, Weekly High 14906.5, Weekly Low 14429.3, Weekly Mid point 14667.9, Weekly close 14741.8.
Weekly idea: Price took out lows into the W+OB but...
This is what makes the most sense to me heading in to October...
Monthly wicks respected although the monthly candle actually closed in it's lower 3rd I'm bullish on all TF's
181.60 is a valid MP, OB, TL/Retest, FVG and last weeks opening price...
IF we pull back this far we will also be hitting the 0.7 fib level and I fully expect this level to...
As price cleared sell side liquidity (SSL), it can be fuel to go long to the next draw on liquidity (DOL) at the Daily OB 1.08500. The m15 shows the smaller price action of what could happen early to mid next week.
We are between two strong supply and demand zones, i myself look bullish at this setup, 181.56 is buy limit order for me, If i put SL on 181.20 level Risk reward will be 1/3...
Hello traders,
You could also wait for breaking the bearish trend-line!
We, the risk takers, enter now!
There is one entry and three TPs for this pair.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
FOREXCOM:GBPUSD
My bias on GBPUSD for today and for this week is bearish.
For me to take a sell on GBPUSD, I would love to see a liquidity taken above the current price, follow by a bearish break of structure.
The entry model is represented on the chart.
My dear friends,
Thursday, 14 September, 2023 and ECB interest rate decision is on the way. We'll wait for confirmations.
But before ECB meeting, series of several bad economical news over China's financial stability were published. Market reacted to them rationally. Suddenly the red dragon start to regain it's reputation. Good news for China means stronger...
