Smartmoneyconcepts
EUR_GBP BULLISH BIAS|LONG|
✅EUR_GBP broke the key
Structure level of 0.8620
While trading in an local uptrend
Which makes me bullish
And I think that after the retest
Of the broken level is complete
A rebound and bullish continuation will follow
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP-JPY Correction Ahead! Buy!
Hello,Traders!
GBP-JPY will soon make
A retest of the rising support
Line and as we are bullish
Biased we will be expecting
A local bullish correction
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP-AUD Rising Support Ahead! Buy!
Hello,Traders!
GBP-AUD made a sharp
And sudden move down
And the pair is oversold
So after it retest the rising
Support line we will be
Expecting a local bullish
Correction and a move up
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
UJ, will we see a bearish leg today?USDJPY looks quite interesting after the wick rejection from key level 144.000. Will this area be respected and give us a bearish leg. Hmm, let's see how price unfolds for this pair today.
Regards,
Aman | SMC Wolf FX
1-1 student onboarding is currently open (website in my signature & profile)
GJ: 50 pip bear leg forecastHi everyone,
I'm forecasting a 50 pip bearish leg on GBPJPY from 197.5 down to 197.0
Looking at price to sweep the highs first (liquidity sweep), before then waiting for the right confirmations to take it lower... IF the price says so.
Kind regards,
Aman | SMC Wolf FX
1-1 student onboarding is currently open (website in my signature & profile)
GU: Asian highs > Previous Day Low?Hi everyone,
Here is my forecast this morning for GBPUSD. Overall I'm thinking bearish, but I reckon that price could take out the Asian range highs first and then give us a bearish leg towards the previous day low.
Regards,
Aman | SMC Wolf FX
1-1 student onboarding is currently open (website in my signature & profile)
How to Trade Liquidity Sweep in Forex Market (SMC Trading)
I will show you a real example of trading liquidity sweep with Smart Money Concepts.
You will learn the essential SMC liquidity basics, a simple and profitable strategy to identify and trade liquidity sweep.
I will share with you an accurate entry confirmation signal that works perfectly on any Forex pair.
Liquidity Basics
In order to trade liquidity sweeps profitably, you should learn to identify significant liquidity zones.
To spot them, analyze a historic price action and find clusters of important historic key levels.
Examine a price action on EURUSD on an hourly time frame.
I underlined multiple horizontal key levels.
The price respected each level, found support on them, and rebounded.
What is so specific about these levels is that they are lying close to each other, composing a liquidity cluster.
That fact that EURUSD strongly bounced from these levels suggests that buying interest and high buying volumes were concentrated around them.
We can unite these levels and treat them as a single demand zone that has just been broken and turned into a supply zone.
After we found a valid liquidity zone, we can look for a liquidity sweep.
First, we should let the price approach that area and look for a specific price behavior then.
That is a perfect example of a liquidity sweep.
You can see that the price formed a wide range candle with a long tail.
Its high went way beyond the underlined area, but its body closed within.
In order to understand, why a liquidity sweep occurred, let's zoom in our chart and try to understand a behavior of the market participants.
Our supply zone concentrated selling orders , we assume that sellers were placing their orders across its entire length.
Their stop losses were presumably lying above that area.
Smart Money know that and with a liquidity sweep they manipulate the market, making sellers close their positions in a loss (buying back their positions from the market) and providing a liquidity for big players.
After a formation of a such a candlestick, a reliable confirmation of a saturation of the Smart Money is a formation of a strong bearish candle - a clear sign of strength of the sellers.
A bearish engulfing candle above confirmed a completion of a liquidity sweep and indicates a highly probable bearish continuation.
Your perfect sell entry is immediately after a close of such a candlestick.
Stop loss should strictly lie above the high of a liquidity sweep.
Take profit is based on a local low.
Look, how quickly the price reached the goal.
Your strategy of trading liquidity sweeps of demand zones is absolutely the same.
Let the price test a demand zone, wait for a formation of wide range bearish candle with a tail going below its lows.
Wait for a bullish imbalance candle and buy immediately then.
Stop loss will be below the low of a liquidity sweep, take profit - a local high.
This SMC strategy works on any time frame and can be applied for trading any Forex pair, Gold, Silver, Crypto and commodities.
Try it by your own and let me know your results.
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP_CAD WILL KEEP GROWING|LONG|
✅GBP_CAD is trading in an
Uptrend and the pair made a
Retest and a rebound from the
Horizontal support of 1.8675
So we are bullish biased and
We will be expecting a
Further bullish move up
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZD-CAD Swing Short! Sell!
Hello,Traders!
NZD-CAD keeps growing
In an uptrend but the pair
Will soon retest a wide
Horizontal resistance level
Around 0.8350 so after the
Retest we will be expecting
A bearish pullback
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUD_CHF BEARISH BREAKOUT|SHORT|
✅AUD_CHF is going down currently
As the pair broke the key structure level of 0.5240
Which is now a resistance, and after the pullback
And retest, I think the price will go further down
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR-CHF Long From Support! Buy!
Hello,Traders!
EUR-CHF is trading in a
Parallel range and we see
A rejection from the horizontal
Support area below around 0.9293
And we are already seeing a bullish
Reaction so a further move up
Is to be expected
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CAD-JPY Bullish Bias! Buy!
Hello,Traders!
CAD-JPY keeps trading
In an uptrend along the
Rising support line and
We are already seeing a
Bullish rebound so we are
Bullish biased and we will
Be expecting a further
Bullish move up
Buy!
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Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD Support Ahead! Buy!
Hello,Traders!
GOLD keeps falling just
As I predicted but the price
Will soon hit a horizontal support
Around 3235$ from where we
Will be expecting a local
Bullish rebound
Buy!
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Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR_AUD LOCAL SHORT|
✅EUR_AUD is going up now
But a strong resistance level is ahead at 1.8018
Thus I am expecting a pullback
And a move down towards the target of 1.7900
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP_CHF RISKY LONG|
✅GBP_CHF fell down sharply
But a strong support level was hit at 1.0932
Thus as a rebound is already happening
A move up towards the target of 1.0970 shall follow
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZD_JPY SHORT FROM RESISTANCE|
✅NZD_JPY is set to retest a
Strong resistance level above at 88.000
After trading in a local uptrend for some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 87.341
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUD_NZD LOCAL LONG|
✅AUD_NZD is trading along the rising support line
And as the pair is going up now
After the retest of the line
I am expecting the price to keep growing
To retest the supply levels above at 1.0789
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GU Friday Bearish ReviewHi everyone,
GBP/USD played out exactly as per forecast (link below if you'd like to revisit):
It was fairly simple price action to forecast, price sweeped 1.375 initially, taking out the Asian highs and the similar equal highs (liquidity)
Before then creating its bearish leg towards the next liquidity zone of 1.37.
I was able to jump onto a few moves throughout both London & NY (have thrown in those screenshots onto the chart for you guys)
Regards,
Aman | SMC Wolf FX
1-1 student onboarding is currently open (website in my signature & profile)
Market Re-Cap and Outlook for NEXT WEEKHere I am giving you a little insight as to what trades I am currently in, taken & looking to take for the week just gone and the week coming.
1 Winning trade on EU
1 Current open position on EU
EURGPB - Breakdown
AUDUSD - Breakdown
NZDUSD - Breakdown
Gold - Breakdown
If there are any pairs you would like me to share my feedback on give me a message and I will be happy to try and do so.
Thanks
Happy Hunting
EUR-NZD Bullish Bias! Buy!
Hello,Traders!
EUR-NZD is trading in a
Strong uptrend and the pair
Is printing higher highs and
Higher lows while breaking
Important key levels such
As 1.9270 which is now
A support and the pair
Is consolidating above the
New support so we are
Bullish biased and we will
Be expecting a further move
Further up on Monday
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SMC Trading Basics. Change of Character - CHoCH (GOLD FOREX)
In the today's post, we will discuss one of the most crucial concepts in SMC - Change of Character.
Change of Character relates to market trend analysis.
In order to understand its meaning properly, first, we will discuss how Smart Money traders execute trend analysis.
🔘Smart Money Traders apply price action for the identification of the direction of the market.
They believe that the trend is bullish ,
if the price forms at least 2 bullish impulse with 2 consequent higher highs and a higher low between them.
The market trend is considered to be bearish ,
if the market forms at least 2 bearish impulses with 2 consequent lower lows and a lower high between them.
Here is how the trend analysis looks in practice.
One perceives the price action as the set of impulse and retracement legs.
According to the rules described above, USDCAD is trading in a bullish trend because the pair set 2 higher lows and 2 higher highs.
🔘Of course, trends do not last forever.
A skill of the identification of the market reversal is a key to substantial profits in trading.
Change of Character will help you quite accurately identify a bullish and bearish trend violation.
📉In a bearish trend, the main focus is the level of the last lower high.
While the market is trading below or on that, the trend remains bearish .
However, its bullish violation is a very important bullish signal,
it is called a Change of Character, and it signifies a confirmed violation of a bearish trend.
In a bearish trend, CHoCH is a very powerful bullish pattern.
Take a look, how accurate CHoCH indicated the trend reversal on Gold.
After a massive selloff, a bullish breakout of the level of the last lower high confirmed the initiation of a strong bullish wave.
📈In a bullish trend, the main point of interest is the level of the last higher low. While the price is trading above that or on that, the trend remains bullish.
A bearish violation of the last higher low level signifies the violation of a current bullish trend. It is called a Change of Character, and it is a very accurate bearish pattern.
Take a look at the example on Dollar Index below.
In a bullish trend, bearish violation of the last higher low level
quite accurately predicted a coming bearish reversal.
Change of Character is one of the simplest , yet accurate SMC patterns that you should know.
First, learn to properly execute the price action analysis and identify HH, HL, LL, LH and then CHoCH will be your main tool for the identification of the trend reversal.
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP-CHF Rebound Ahead! Buy!
Hello,Traders!
GBP-CHF is hovering above
The wide horizontal demand
Level around 1.0926 from
Where we are already
Seeing a bullish rebound
So a further local bullish
Move up is to be expected
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.