We tapped into a higher time frame supply zone and sellers came in hard and caused a choch on the 5min timeframe. im looking to sell it once price comes back into the supply zone responsible for the choch. Then take profit at the first demand on the way down.
price has barley breached the higher time-frame supply zone so i'ma take that as an indication that price may want to go higher. so i'm looking for a conformation pattern to from in my demand zone to buy it back up to the most recent high. If no confirmation is given then i wont trade from that demand zone.
this seems like a possible play based on supply and demand tied in with market structure. Its a counter-trend trade because I believe the higher time-frame bias is bearish. So ill try and buy from demand into the extreme supply zone and look for a possible sell opportunity from the if possible.
Crazy 1:46RR trade on GU. I believe we are going to see some bullish price action off a 5min demand zone. From that zone ima take profit at the higher supply zone with a bit of imbalance left above 1.26300. Bit of a long shot but hey, im good from deep:)
Im going for a crazy 1:40 on gold and a 1:20 if that fails. I believe it is bullish and we are going to the higher supply area above 1874.00. Now idk if price will return to any of my demand zones, being it already too the H4 imbalance and tapped into the order block but if so we shall see what happens.
Tapped into supply Zone and a CHOCH has formed on the 4H. Looking to catch a short trade from the imbalance area that help cause the CHOCH and target a 45min Demand zone. Might also try and catch a small counter trade back into the Supply if possible
I got EUR/JPY going long from a 15min unmitigated demand area. Two entries on the tip and the 50% of the zone. Also Taking profit along the way at Swing highs.
I believe CAD/JPY will sell off huge based on my basic understanding of smart money concepts. I have an entry on a 3min order block that was located in a htf poi that caused a break in market structure. Ill hold it until a daily poi is reached. Resulting in a 1 to 145. I have 2 entires, 1 at the 3 min poi and the other at the 5min poi. Both 4-5 pip stops.
Based off my basic understanding of smart money, I believe GBP/AUD will rally up to Daily Supply sitting around 1.80260. Two added confluences would be the RSI being oversold on the Daily and its diverging. Plus the retracement level of the daily supply sits between Fibonacci levels .79 & .886.
