Opulent_FX

Opulent_FX

Sell from 50% of the 15min Order Block, Target is the unmitigated 1min Order Block. Buy targets will be previous Highs, with a small position running for new highs.

Opulent_FX

After a clear break out of the distribution zone, then a retest on the last point of supply. I will be setting alerts on my 4H POI, and waiting for a break of structure before entering.

Opulent_FX

Smashing through key resistance areas at 111.663, and creating an all new high for 2021. Could we perhaps see a retest of the 113.150 region? Tell me your thoughts

Opulent_FX Updated 

Given the upward momentum on the 4h chart, I am thinking that a re-test of previous high is on the cards. Please note that this is not financial advice, but is merely my analysis.

Opulent_FX

Please note that this is not financial advice, but is merely my analysis of what can potentially be expected. According to my analysis, I am expecting a drop down to the 39012.35 region. Using the Wyckoff Method, combined with my knowledge of institutional order blocks, there is a clear order block in my greyed out area (POI). High Liquidity zone around the 40000 area.

Opulent_FX

Charted on a 1hr timeframe, I am expecting USDCHF to enter my grey zone. Always remember that the market is hungry for liquidity.

Opulent_FX

1Hr Chart inbalance on previous drawdown, breaking previous structure. Price will need to refill that zone, and retest Order Block. Entries are safe there with very tight SL 1:7.3 risk to reward.

Opulent_FX

Given the imbalance on the previous bearish mark down, the market will need to fill it, and will too retest the Order Block (last bearish candle that I refined on the 30m chart) before the engulfing bearish candles. This entry has a 1:11 risk/reward ratio.