AUDSGD after trade hitting breakeven, market has gone for a stophunt for the second time collecting the liquidity from the short sellers and also inducing buyers into the market, now we have closed back below the descending triangle and the W formation on the daily timeframe can easily still be completed at the neckline, if we close back below support we will re...
Looks like wave 2 is getting done and we are in for some exciting stuff this week!
We are caught in an ugly range on this pair, we are currently trading at a key supportive region which is most likely going to be stop hunted. I would like to see a push below support into the liquidity pool marked before rejections to the upside. We need to monitor the DXY constantly to see whether or not this move will be valid next week.
We see that Bitcoin is trading in a range since ~ 8 January. What is this chart showing? - There was a shift in Market Structure at the 10th off January - After this shift we saw the Lower-Low - I see Equal high's, those should get hunted (imo) (My) Conclusion: I placed my short order at 50% of the orderblock (blue). I think this could be a major turning point...
We price channeled last night, with a little push and pull back. After several dips being bought up, great opportunity to hunt the STOP LOSSES to help load up in the low 3 cent range. After taking out weak hands, look for the push to new highs. Buy the DIP opportunity, or adding when we test resistance could both be viable strategies.
looks good, pls give pump? yes ok ty
Very often it is only after the longs have been liquidated, after being completely demoralized when the last and most obvious support ($1.95) could not hold, that price can begin a new up leg. We shall see.
We see GU has completed three level three day cycle now we should see a multi session M form for a good sell to end the week. Look for the M to form near the extended stop (red) box.
This is a perfect example of 2-step manipulation which i explain to my members. We have 2 liquidity purges and I would now expect some downside momentum to kick in.
As shown in the related idea below, the liquidity purge that we expected has now completed, this opens up the possibilities of a potential sell position. I will be looking for a substantial crossover of the structure before I consider my sell, my SL will be placed at the SFL level marked. Sentiment - 52% Long
GBP is due a shift in momentum but I think it will come at a price. I doubt we will see a steady drop off from here, I would expect a wick up to stop hunt before downside continuation. Sentiment - 55% Buying
Rules for Bullish/Bearish Reversal 1 - Pin Bar - Hammer 2 - Stop Hunt Wick 3 - Low Bear Engulfment #3 Lowest Bear Candle Break High for Reversal Break Low for Continuation #3 Highest Bull Candle Break High for Continuation Break Low for Reversal
This video is intended mainly for the purposes of me to rewatch and so I can retain information. In this video, I analyze the GBPUSD on the 1H chart and explain the concept of how a liquidity grab was performed and why it was performed. The Purpose... of this explanation video, is to serve as a reminder by explaining of one of the key fundamentals of...
December is a slow month please trade with caution.
NZD/CHF had a big push down after that it started having an consolidation faze and them some market manipulation to grab some profits from retail traders. I think it is the end of it and if we can get a nice bullish candle to close above the blue level it will be a nice indication that price will continue pushing higher. Cheers
This is a textbook pre-London setup. During the Asian session we often see (especially in Yen pairs) moves that set up for the London session. What this does is provides us with liquidity of retail trader stops that we can take advantage of. This was a simple 0.7 R trade that I was in and out of within 45 minutes. It amazes me that traders still put their stops...
What's gonna happen today on the GBPCAD? So much liquidity building up from yesterday's Lon session. Look for a hunt to the top of yday NY high. then price should fall to clear all that's below. a nice 50+pips over the couse of the day. not gonna be a clear cut drop though. my play will be to wait for a break of this trendline, and a retest before i enter.
Price has some 25-30pips to the HOD. Long for a SH to the top. Once cleared the top, wait for a sign of weakness for a short. Long target 40pips Short target at least 50pips