Looking for a deep retracement on EU, aiming the bullish continuation, making eventually a new higher high.
Potential for a amazing R:R.
Using 1h Open as entry. 1h open confluence with last point of supply, bringing even more attention for this area.
Expecting the continuation of bullish momentum in GU.
Looking for a 88.6% Retracement, Inside that Imbalance marked by Dashed line.
Not setting a limit because area of interest do not show a lot of liquidity still sitting there... so i'll wait for a reacumulation and break of structe in the 5 or 1 minute.
After a bearish NY session, EU consolidated throughout the entire asian session, therefore creating a lot of liquidity. Right below liquidity we have the major 1.18000 level in confluence with an imbalance, institutional candle and last point of supply.
I would be taking this trade if It approaches this area between today's London/NY and tomorrows...
Looking at 2 opportunities for a buy on GU. The first one is following the 1h/15m Current trend where a new higher high just formed.
The second entry is lower considering the 1h imbalance that has confluence with the 4h Institutional Candle and also the liquidity that is still sitting below.
Overall aiming the creation of a new higher hogh
NY open gave a good opportunity for a buy that i unfortunately missed.
Looking to catch a reentry using smart money concepts.
We have clear target = Imbalance
Good area for entry that present imbalances, Institutional candle, Liquidity to be captured, Prime FIB Level (78.6%)
EU just broke structure to the down side
Dxy is in a bullish run after reacting from a Daily Level
Price cleared liquidity before moving lower
Institutional candle was followed by an engulfing bearish candle that created an Imbalance
WHERE IS THE MONEY???
#QCBRASIL #QUANTUMCREATIONS #TRADEHOUSE
DXY showing signs of bullishness after reaction from daily Institutional candle.
That means short on xxx/USD
-GU broke structure
- Institutional candle cleared liquidity
- IC created Imbalance
- Clear target ( a lot of liquidity sitting lower)
QTUM is inside a short term resistance line and below every important resistance level, so we will assume the bearish trend will continue until we least broke the downtrend line, for now, we expect the price to continue the downtrend movement.
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Looking for a long on EURUSD
First of all, when I'm trading USD pairs I'm ALWAYS looking at DXY (Dollar Index). The DXY shows the strength of the dollar and most USD have a really good direct correlation if it is USD/XXX and an inversed correlation if it is xxx/USD.
DXY right now broke 1h structure to the downside so I'm expecting Dollar...
CADJPY HAVE BEEN IN A BULLISH ENVIRONMENT FOR A WHILE AFTER A DRASTIC DROP.
DAILY LOWER HIGH HAVE BEEN MADE BUT WE ARE STILL WAITING FOR THE HIGHER HIGH, BECAUSE OF THAT IM LOOKING FOR A BUY PLAYING MITIGATION OF THE CANDLE THAT CLEAR SOME LIQUIDITY AND FILLED DAILY IMBALANCE.
CADJPY tem estado em assendencia a um tempo logo apps um despenco drastico,...
Accumulation formed throughout the whole Asian session, waiting for the break to mitigation out of Institutional Candle + Imbalance
We have a lot of liquidity (equal lows) down waiting to be taken, those will be my target