nice played out to the T
Came up to hit the One-hour OB
then came down to take out that PDL from the Previous week
then headed bullish
Based analysis on Monthly and weekly TF
I would like to direct your attention to this. Please trade safe and be aware that turbulent times are upon us. Price can do as it pleases and this here (Depending on what DXY shows as its hand) may indicate EU is pushing highs to pair liquidity and GBPUSD short books are full.
A really strong indicator for future price action of say DXY for example can be the divergence between it and 5y, 10y and 30y bond yields. Forex markets are driven mainly by interest rates and so if we take a close look at the bond yields we can see them making lower highs whereas DXY is making higher highs. As said, DXY will also follow the bond yields and so we...
Expecting some bearish continuation momentum with some pullback , must aware of Thursday FED Decision & Friday Non-farm ! ( This is not signal / advice , anything can seek from this information is on your own RISK ! )
Check out this chart and see exactly what I saw in order to feel confident about going long on EU. Read notes in the chart for detailed explanation. Bless.
Off the daily, its not a rejecting pb.
Its in the middle and hence a reaching pb.
The daily candle is bullish after London session.
Makes sense to look for longs on ltf.
On h4 , look left and a previous swing low was taken out. This shows a strong origin.
On m15, a good number of previous lows have been taken out(More than 2). This indicates a strong origin.
...
In this video I go over my opinion of were I think price will be heading. EU has reacted off a Daily -OB MT to the pip and has started its decent to the nether parts of the charts. It is my opinion that since the dollar is still buying so strong that EU will continue to sell. I think that EU is setting up to retrace towards premium prices for shorts. There are...
Overall EU is still very much Bearish, but still hasn't retraced to an optimal premium price level. There are imbalances to the upside noted here as "FVG" where price must be delivered buyside. In my humble opinion, the areas between the FVG, .79FIB and -OB is where I will be looking for entries for the major selloff. This could potentially be a swing/position...
In my opinion, GJ is bearish for the moment given the fact that there was a major impulse in price action on the daily chart that broke structure to the downside. In this video I share my ideas where I anticipate price heading in the short to intermediate term.
The idea behind this potential setup is with the recent bearish momentum, we've continued to break lows and then break the significant low that i have market with BoS.
We have seen some points that could or have been traps for many SMC traders that you can see marked in purple.
the blue zone is where i would be most interested in trading, however i would like to...
Previous day high/asian range high broken currently retracing FVG. there is a chance the market may come down to take the liquidity below before going up as the asian range high was taken before taking the asian range low.
For bullish setup wait for the candle to give proper confirmation of rejection on the FVG and only enter if the candle closes above the...
