3to1
CHFEUR rising wedgeThe price has formed a rising wedge. We are expecting the price to break into the downside. We are looking for a retracement to a 50% Fibonacci extension.
The price is bouncing off the top of the Bollinger band, which is a good indicator for us that the price will break out to the downside.
Target: 0,959
Entry: 0,987
S&l: 0,998
NI225 RETRACEMENT BEFORE SHORTNI225 broke a weekly uptrend and did fall down to the 50 fib zone and hit bottom Bollinger band, there should be retracement back to the trend around 29106 zone, this entry is safer but we can also look for an entry around 28049 since there is also a strong weekly support, after the retracement we are looking for a short position which we should hold until 23651 zone. Our stop loss should be 30913.
$EURUSD - End Of Week - Economic Calendar vs. Algorithm (SMT)***SMT = Smart Money Technique = the lck of believe and use of retail theory strategies. It is an algorithm that seeks liquidity and balance. We doon't trade off trndlines, no do we follow channels, or harminics, or belive in supply and demand. There's al Algorrithm nd the Candles givee you the keys. per ICT.
And I could be extremely off for this.
AAAlright so it seems that the Euro has been slowly going down throughout the week. I don't see tomorrow being much different even with NFP numbers coming out. It is acting as if there is still liquiidity to be broken on the sell side. Especially the equal lows right at 1.15400. I think it will break a little higher during the London session and cross the Median of the 15 min Fair Value Gap, probably even cover the FVG it and hit the bearish order block before dropping.
One scenario I do have is it hitting that 1.15450 area aas it is a bullish order block under a FVG and stopping there and slowly moving up since it is the end of the week. Howeever, It is NFP Friday, the worst day to trade, So I'm not going to even thinkin about trading this. But I'm putting out my guess as to wht would possibly happen. What we're looking at just below a few deviations below the Asian Range as well as using the fib for a short sell after it gets above premium and into that median of the 15 Min FVG gap around 1.15750, I wouldn't be surprised if thats the time we get the worst volitlitity and people chase it up aand it does go up for a brief moment but then it just falls straight though the Liquidity /equal low area at 1.15400 and the straight on throught to the 175% exxtenssion which just so happens to also be the Mar High of 2020 during the high volatility of Covid around 1.154115 which is also inside a dailly order Block.
Chart Seen Here::
We'll just have to wit and see what happens.
Happy Trading
$SOL $SOLPERP - On iT'S Way Toward Break of Structure #SMTNot Many Shorts to take advantage of, but at least this will map out when they happen if they are to happen. Ahead we have Bearish order Block, 32.3450-32.5250, which should send it down to the Breaker Block is. This is where I would be looking to go long, near 31.0225 to 30.2100 (It's circled in the paths) In this area there is a Fair Value Gap just below a liquidity point (because that's where everyone else would expect it to go long, Smart Money might push it further down) The reason the stop loss is in that place is because that covers the full Fair Value Gap and Bullish Order Block, any lower than that and it's taking out that sell-side liquidity and most likely moving lower (that part is at the end). The next pass would get us to where price want to go right now anyway, the liquidity point where all the sell limits are placed and buy stops are placed. Here we could see price jump back and forth taking out each side of the market, such as shorting just before the line to get people thinking it will once again short before making a turn to the north. The short people start chasing it, it passes the line triggering the buy stops, until it hit's the tiny but silll bearish order block would then send the path back down taking out the buy stops if the have short stop losses (These people think that same line will act as support so they use thin stop losses) and then finally settling on moving up. The next point it will be seeking will be the $36 mark where there are two equal highs, again another liquidity point where limits are set and retail are expecting it to short. I'm expecting a long right through it but if not that would be a final target. At least I'll be taking off most of my position here, my stop loss should be well into profit by then and we'll just wee what happens next. In the heart of all of this Solana has been the hardest to break down.
And as noted if all goes wrong in the beginning and we just go below the early liquidity point and through the fir value goes (Watch those because either one could cause a reversal) but I would think it would be headed toward the lowest bullish order block that is ner before getting another chance at going long.
Anyways just my thought. In no way shape or form are my thoughts considered financial advice. Good Luck and Good Trading.
- Bodies X Wix
EURGBP Trend Change This is a high probability set up. we are low on the curve on W TF, The bull clearly shows it's strength after hitting W demand zone. our zone is on the 4 hour timeframe. you could set 2 TP on this trade, TP1 is 3 to 1 and TP 2 just before the next high-quality supply zone.
Drop a comment below if you take this trade
USDCAD ShortOn the big picture, it showed a double top was created, knowing that there is a high probability for the trend to change. our zone is on 1 H TF, there is a nice little supply zone there. this is a healthy 1 : 3 RR trade.
EUR USD SELL WHEN HITS FIBO 618THIS PAIR SHOULD RISE TO THE RED MA, POSSIBLY TO 38.2, ONCE I SEE REJECTION WICKS I WILL ENTER FOR A SELL.
XBTUSD Trade Idea, both short and longNow that we are out of the week-long descending triangle and holding here, maybe there are some opportunity to trade the swing. I put a red box where you might be able to short and green box where you might be able to long. This potentially gives each position side precisely 3:1 Reward/Risk Ratio. I have chosen the stop-loss on both short and long sides based on the trends I saw.
CHFJPY - Short 3 to 1 - Trend Continuation tradeHello all
This trade meets my entry requirements, Bearish engulfing a few hours ago at Resistance (indicated with the down arrow)
Retrace of that candle by 50% - I am now in that trade manually - Price action by the bulls is small compared to the bearish candle.
It has started to roll over and make lower highs and lower lows too
I am conscious of the Bulls winning the daily candle battle, so it could climb higher, however rules have been met and I am in the trade
Thanks for looking
Duncanforex.com coming soon.
