DAILY TF was forming distribution (although not yet complete) , but I can see the orderflow because of the market structure. I go to 4h --3h--2h--1h TF and noticed some short intra day trade that became swing trade as it moves)
You can see in the chart that there was a supply (DBD formation) -march 22 friday. --> It was then validated by the market structure...
Good day guys!
another great trade ( pending sell limit activated last Wednesday) march 6
I started checking this pair because of USD CAD daily TF
It is in area of distribution ( supply) ---> I manage to go down from 4H to 1H so I can see fluctuations and introducing new areas of supply in smaller timeframe. It took me 3 hrs to wait for proof and validity...
An important level has been broken and according to the dollar index, in my opinion, every top has a sell
Of course, this week's news is also important
If #XAUUSD or #gold closes m15 candles and retouch back above 2035.5, it can touch Bullish upto 2050 level.
Alternatively, if it goes bearish and retouch back below 2030, then only gold can be bearish upto 2020 level.
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Hi guys!
I have here a simple trade this week, checking the daily TF of pound dollar, i noticed a supply above (nov. 29 2023) -Nov. 30 move.
After checking the bullish move on daily---> 4h---> 3h-->2h--> 1h. I checked for possible demand zone and set a pending order in my mt5 raw account.
Nov 30 2023--> it reacted to my POI (point of interest) . so i wait...
This was a pending order trade that was activated during New york session (Nov 13 2023)
higher TF-- Daily has a clear signs of manipulations and bullish movement.
Upon checking I also noticed the 4H confluence (see chart for reference)
IC and Proof of Demand.
Going further, 45 minutes produce IC after bullish Break of Structure.
My favorite entry is 15min....
Daily redistribution
1h TF schematics POI ---> IMB
30 min IC candle ---> 50% entry coming from wyckoff distro
Target demand shown in the chart.
RR: 1:8
Distribution Schematics ---> valid from Daily to 15 min TIMEFRAME.
I wait for manipulation of HIGH since it has a valid structure on daily TF followed by IMB from 1h to 15min .
After manipulations of High , It tap into the IMB then continue going lower.
RR: 1:14
a great trade to end the week .
See attached chart for more detailed entry and setup.
According to my analysis using my own methodology along with one by the veteran trader Tim West from Key Hidden Levels here on TradingView, I believe what will happen tonight is a downtrend that should expire in 21 days unless proven otherwise.
Catalysts include Binance and Coinbase being sued by the SEC.
There is more to this, but I’ll keep it short.
Good luck...
price is overall in a bullish trend on the higher timeframes after breaking structure so am expecting to go long after that break once it gets to my h4 or h1 zone I scale down to my m15 to find confirmation entries.
