We took this trade yesterday with the team, we already have a gorgeous entry but we are looking for potential re-entry points.
I have illustrated where I would like to take a trade, once we tackle the equal high liquidity and bounce from the demand zone.
Do you like this idea?
Do we fancy a bullish bounce at these order blocks?
Price could very easily react at these levels marked before pushing back up into the major resistance.
I have drawn out an illustration of what could potentially happen with a rough SL point.
The resistance has not been properly swept meaning liquidity still lies there, at some point price will need to return...
Understand the why in price and you can read this chart effectively.
Price will sweep a ranging market twice if the stop hunt is not severe, this is exactly what happened.
Price hunted twice and moved its centre of attention to a previous order block, we have now bounced ready to tap the bearish order block for slight more downside before bulls take advantage...
I think this trade will work well with the slow-paced markets today.
We should see a steady decline in this pair after the non-stop bullish run.
I only want to fade this move back to the previous structure before going long again.
Do you like this trade?
The wick caused sellers to take a hit, now we must make the buyers suffer.
Price will consolidate in this region to confuse the market before crashing to the support to liquidate buyers.
You could scale in sells if you feel comfortable.
Do you like this setup?
Bulls have had their fun, it's time for sellers to dominate.
I would like to see some manipulation around this liquidity area before we die off back to the support zone.
If the price pushes past the nearby order block, I am not interested in selling this.
Do you like this idea?
We finally broke out of the ascending structure after non-stop liquidity grabbing.
Hopefully, the price has captured enough buyers and sellers to make the next solid move either way.
My bias is bearish, I would like to see a slight retracement before continuing into the previous low as illustrated.
What do you think of this chart?
Price needs to collapses even further on this pair to mitigate some of the bullish damage it created whilst gathering more liquidity.
We have now broken away from the support as expected, the next target region is the equal low points.
When this area is purged we can consider buys but until then this is a sellers domain.
Let me know what you think in the comments?
This is an illustration of the two potential trading scenarios that may present themselves in this region.
Price fails here after wiping two previous high liquidity points and comes back to mitigate buyers before rising again.
Price pushes higher to regain liquidity from some long term sellers before continuing bearish down to the...
This is a brief update on my previous GBPJPY analysis.
Last week was extremely bullish for XXXJPY and many think the trend has to come to an end.
What many fail to observe are the nearby equal highs that need to be taken out.
I have illustrated what you can expect over the coming weeks.
Does this analysis match yours?
From a money distribution perspective, this pair is ready to tackle the previous high.
The informative breakout should help you understand why buyers have regained control.
Expect slight retracements and some corrective price action before we see the next impulse to the upside.
What do you think of this move?
The liquidity sweep from my previous idea has now been completed.
Sellers should be entering prematurely again here, we are likely to see pushes into 1845 before we see some serious collapses.
My bearish goal is the trapped liquidity from the trendline breakout.
What do you think of this idea?
Break and re-test created key structure acting as support.
However, this level left a zone of equal lows that is likely to get tackled at some point in the near future.
I expect significant retracements if we can hold below this last high created.
I have annotated the chart with my predictions.
Let me know what you think in the comments.
I have presented a gorgeous idea here on BTCUSD utilising money distribution concepts.
Once we have crossed the minor resistance and purged liquidity, I expect minor retracements to the downside.
I only want to fade a small amount on this move as the general trend is bullish for now.
What do you guys think?
This chart should give you a clear picture of the money distribution that needs to occur before we see the next strong move.
I think NFP will push the price past this wick before collapsing.
NZD has been a beast in the markets, New Zealand is facing increasing pressure from COVID issues but the price continues to rise.
Classic manipulation but it must come to...
Sometimes we can get so caught up in the fear of missing out on the breakout that we forget it could be a trap.
It is always crucial to listen to your intuition when you see these easy setups because more often than not they are more complex than they seem.
In this example, a breakout occurred and buyers put stops below the last structure, a few days later this...
Wow! What a gorgeous setup!
Break and re-test sellers are out of the way, which leaves the area of demand marked to be tapped.
Once we see rejection from this zone bears should take control and drive the price down.
NFP should help us massively!
I will keep you all updated, what do you think?