There might be a Wyckoff distribution on EURGBP. There is also a huge imbalance area that the price might need to clear off. I'm taking a short trade on EurGbp on the daily since last week.
please take trade based on your own mm, I'm not a financial advisor.
the 1st OB didn't have a strong reaction to the market. There were 2 OB that I've spotted in the last 2 weeks or so. currently there is a strong rejection in price on this OB. Let's see how this may carry out till next week.
Note: I'm not a signal provider/ advisor, if you do have any idea based on SMC please feel free to drop down a comment.
I've taken a trade on AUDUSD on the 4H TF, let's see if it holds till end of the week( as I've missed out my trade last month for a short trade within the channel). Market seems to be moving in an uptrend and its in a channel.
Leave a comment down below if there's any discussion about this pair.
I've taken a trade here on EURNZD for a short trade earlier as the price might be forming a pullback to a minor trend line. The price had crossed the Monthly trend line and the major trend is down. Let's see how it goes.
On the EURJPY, 4H tf, there is an OB on the left where by the market just made a downfall. It may or may not hold, but will wait and see how the market will react to the OB.
I'm not a financial advisor, I'm just learning like everybody else. Take risk based on your own MM, as every strategy is not perfect.
If you have any other idea based on EURJPY trade, do...
As a SMC trader/learner, I've spotted an OB for a short trade on AUDJPY, 4h tf. Lets see how the market will react to the OB, will be risking just 1% for this trade.
I'm not a financial advisor please take risk based on your own mm.
If you have any idea based on AUDJPY, do drop a comment and let's discuss it. Sharing ideas is a great way to broaden our way of...
GBPJPY seems to have an OB on the left on the 4H tf, as a SMC learner/trader, I'll probably just risk 1% of my trading account as in this scenario its against the trend, won't risk much on this trade. Lets see how the market will react to the OB.
I'm not a financial advisor, please risk based on your own mm.
Hi there, hope ya'll doing good out there. There is probably a pull back now on GBPUSD 4H tf before it goes bearish in order to mitigate the imbalance from the past month. As a learner of SMC there is an obvious OB on the left which makes a perfect sense for it to be bearish and on the daily tf for the current momentum is bearish too. My target for an entry is at...
I've closed up my short trade on CADJPY on the 4H as price had broke off the monthly trend line, as a smart money concept learner, probability for the break of structure is happening. As we all know Cad pairs has a positive correlation with Crude oil. Bias is all on the bulls at this moment. Will be taking a Long trade after a pullback and see how it goes by the...
As a SMC trader(still learning), there might be an opportunity for CADJPY to fall in this week. There is a 1 H OB on the left and it had created an area of imbalance. Let's see if the market will drop this week on CadJpy. I'm not your financial advisor please take risk based on your own MM, I'm just sharing my analysis.
Learning how to trade is a great thing, there's lots more for me to learn for the time being. SMC is great to learn. With a great market structure I've taken this trade on Audcad on the 4H TF today lets see how it goes by the end of this week.
After being stopped out in the previous trade, I've taken another short on CadJpy 4H time frame. There is a slight divergence and a 1H OB on the left, probably this is to grab liquidity as to why my previous trade was a lost.There is an reaction on the 1H OB, its as to why i've taken this trade. Any kind of strategy still face losses, include SMC, nothing has a...