Looking at possibly buying GBPUSD due to the overall bullish momentum and signs showing the break and retest zones are being targeted for higher gains. fundamentals may play a role in pushing it up higher
I feel that price is still showing a higher high for the daily it hasnt shown any sign that it may be falling aside from the push down to retest the zone but thats a normal test
Like if you agree with my idea. comment your thoughts below for discussion. I appreciate you guys.
Sudden move from $2.40 to $2.75 prior to the SMART contracts launching on the 12th Sep Is this a strong signal for price to move to $3.40 and $4 next?
Hello this is a new smart money concepts analysis EU will make his way up because we have equal highs that need to be taken out and unminigated supply zones and to fill some imbalances on the way!
Bias is bullish for EURUSD a lot of unfilled orders lying around 1.21000 area which makes it our target for short term profit taking. Stay winning gents and ladies. As always dont stay married to your bias.
GBP/USD should sell seeing that price has gotten to our area of interest.
Also here I am using two institutional levels. The question is which one is more relevant and the answer: Nobody can tell you that. It is up to that one specific institution which created that zone and is interested to act at this zone. What do you think?
In my experience in the markets, all price action follows 3 main market phases as below: 1) Consolidation: price ranges between two levels and consolidates between that area. 2) Expansion: Price action breaks out of the consolidation with high volatility making rapid impulsive and corrective waves, prior to the main trend direction to be determined. 3) ...
USD/JPY has a breakout of trendline with some Quasimodo patterns in it. This, indicates the change from downtrend to uptrend. If we really believe that breakout we can find some sweet spots that allows us to jump into new trend at good price. Feel free to write your opinion on comment section and stay tuned for updates and more opportunities.
On weekly timeframe, a potential liquidity could float below the double bottom. This is the most likely target. A continuation Quasimodo set up detected on Daily timeframe, so if we believe on our target we could grab the sell opportunity as described on charts. Additionally, we can find an internal liquidity, an extra reason for the market makers to push the...
ABOUT SITUATION: * We see that the market goes with a bullish trend. + * Previuos monthly candle shows strong buyers. + * Weekly candle shows a correction. + And now market at 50.0 Fibonacci level. + * 2021 08 19 Daily candle is very strong and if market will not close this candle it will be a good news for buy idea. We can wait for the appearance of buyers and...
1. Overall there is a downtrend in the market. So, we are looking for continuation. 2. Too many fresh buyers comes into play. This a sign of short term reversal. 3. Too many retailers runs on profits. This is strong sign of short term reversal.
1. Too many fresh buyers come into play. That means that market will reverse soon (short term reversal) 2. Overall we have downtrend, so we are looking for continuation 3. At the bottom we have large stop loss cluster (around 5.5%) 4. Too many retailers runs in profit and this is sign of short term reversal 5. 60% of retailers runs long positions, that means...
As we know the big players chase the stop losses of retailers to get liquidity. They hit their stop losses and the price returns immediately to make a profit. In this idea we found a large stop loss cluster (5.52%) below the price while the exchange rate is downtrend. This is the potential target of the big players because there they will find the liquidity they...
At 1H timeframe we see a clear manipulation upwards with the result that big players run long positions in loss which they have to close. When the price returns there we can enter a short position to take advantage of this small correction. There is no trend in the market, so a change at this point seems realistic. For the moment, many buyers come out of the...
There seems to be a lot of upward force. The market came to test the imbalance and to continue its normal upward course.
At the daily timeframe we detected a manipulation. Trade seems safe since in a larger timeframe there is a strong uptrend. Open positions of big players run negatively where the price is. They will probably start closing on Monday, and the market will move upwards. Our stop loss will be under candlestick that collected liquidity and take profit a little below...