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BOS

🇪🇺 EURUSD 🇺🇸 - Attempting to change the uptrendThe market is forming a consolidation while waiting for news in the US, as it is impossible to know in advance what the data will show. Earlier the currency pair broke the support of the uptrend and apparently there is a chance to see a retest of the resistance before the price falls towards 1.075 Reasons for the fall: 1) Structure breakdown, price breaks support and forms consolidation 2) Market mood changes after an attempt to change the trend 3) The dollar is rising, against this background the euro may fall 4) Retest of resistance before falling
Short
by AndeWave
1
BIGTIME FIB levelBIGTIME UPDATE: BIGTIME literally did pump over 45% from bottom yesterday but looking at the chart with 1hr TF I can see BIGTIME is extended and we need to let it cool off before we can take a entry as there is unmitigated bullish OB below around 0.31 but which FIB retracement tools I can see 0.36 is a perfect place to FOMO as the 0.618 FIB Watch the price carefully around 0.36 which is 0.618 FIB level, if we see good price reaction there we can take entry and long to daily Higher high Be careful and watch carefull Follow for more market update and trade setup
Long
by MICHELXM
CHOCH vs BOS ‼️WHAT IS BOS ? BOS - break of strucuture. I will use market structure bullish or bearish to understand if the institutions are buying or selling a financial asset. To spot a bullish / bearish market structure we should see a higher highs and higher lows and viceversa, to spot the continuation of the bullish market structure we should see bullish price action above the last old high in the structure this is the BOS. BOS for me is a confirmation that price will go higher after the retracement and we are still in a bullish move WHAT IS CHOCH? CHOCH - change of character. Also known as reversal, when the price fails to make a new higher high or lower low, then the price broke the structure and continue in other direction.
OANDA:XAUUSDEducation
by Snick3rSD
4
Solana (SOL): Middle Line Of Bollinger Bands (DROP?)Solana Coin has been on our radar for some time now, so here is a quick update on the current situation: The focus is on the middle line of the Bollinger Bands; a breakdown here could be the start we've been waiting for. Such a move would provide the clarity needed to determine whether we’re heading towards a more substantial downtrend. We remain open-minded, ready to respond to a confirmed move to reclaim lower price zones, with eyes peeled for any shift in momentum that could signal an opportune moment to act.
Short
by SwallowAcademy
Understanding Smart Money Concepts: CHoCH and BOS entriesIf you were a trader like me, that was having a hard time understanding Change of Character and Break of Structure concepts for a long time, I hope that this example gives you clarity to be able to identify entries better. So let's begin! The first thing you want to identify are high timeframe points of liquidity (AT, BELOW or NEAR) highs and lows. In this example, we have identified a clear zone around 14800 and 14700 on the 4hr chart. Once price dips into that area, we take things down into the 1min timeframe to look for a structural SMC analysis. This next chart shows you how to come up with specific structural points that will give you a better clue about a potential reversal (as in our case) or continuation. In this idea, we will specifically talk about reversals. In any reversal near a point of interest, it is important for price to develop both a CHoCH, and BOS. The BOS is necessary so that price shows us a clear demand to continue the trend upward. It is important to note, in the 1 min chart in my example, that once price has shown a CHoCH, price MUST come back to (or below) the price where the CHoCH broke out from, and create a new higher high (BOS). Next, we wait for price to retrace at or below the CHoCH breakout, and RESPECT a liquidity point of entry (an FVG or an Order Block). Price must NOT confirm a CANDLE BODY below the lowest low on this retracement. It is important to point out that there are occasions where the retracement from the high of the BOS actually comes all the way down to the low, breaks price with ONLY A WICK. This is to be understood as a grab of liquidity only, because a candle body did not confirm below the low. From there, our entrance will either be at the high of a structure that was made WITHIN the BOS retracement, OR (like in our case there were not visible structures for entry) we can take a trade at the 50% premium discount zone, with our STOP at or a bit below the low the BOS made, target the high of our entire structure to the upside in the main chart. I hope this tutorial helped some of you that have been struggling to understand smart money concept entries be able to have a better understanding of how and when to enter into trades at key reversal points of interest. If you felt that this was useful, please drop a like on this idea.
CME_MINI:NQ1!Education
by Zulu_Kilo
3
SMI MFI Indicator: A Game Changer 💰📊 SMI MFI Unwrapped: The SMI MFI (Smoothed Money Flow Index) is a technical indicator that blends the Money Flow Index (MFI) and the Stochastic Momentum Index (SMI). It provides a unique perspective on market sentiment and momentum. 🔄 Understanding Global Reversals: The SMI MFI indicator is particularly valuable for identifying major market turning points. It can signal when Bitcoin is transitioning from a bearish trend to a bullish one, or vice versa. 🌟 Key Features: What sets SMI MFI apart is its ability to smooth out noisy price data, making it more resilient to false signals. It offers a clearer picture of money flow and momentum. 🔍 How to Utilize It: Traders and investors can use the SMI MFI indicator as a tool to time their entries and exits strategically. When it shows significant divergence from Bitcoin's price movements, it may indicate a potential trend reversal. 🔮 Navigating Crypto Markets: Keep in mind that while the SMI MFI indicator can be a valuable addition to your trading toolbox, it's essential to conduct comprehensive research and risk management before making any trading decisions. In conclusion, the introduction of the SMI MFI indicator adds a new dimension to the world of crypto trading. It has the potential to become a valuable tool for spotting global market reversals in the dynamic Bitcoin landscape. Stay tuned, stay analytical, and remember – in the crypto world, being ahead of the curve can be a game-changer! 🌐💰
INDEX:BTCUSD
by AlexWhale
New week, new opportunities!I’m expecting the week to start and take all of the liquidity above those highs (red dots). The volume of that move higher will be very important to take into consideration. The issue is, the week needs to make a new low and that fact alone will probably give bears an advantage from my POV. To make a significant low on the weekly, price will probably have to break H4 structure and if it does, the next demand that I’ll be paying attention is around 1.075. As traders, we need to take into consideration different scenarios and how to act upon them. So here’s how I’ll trade next week. If price starts breaking bellow Fridays low, I’ll start looking for shorts aggressively and considering the possibility that it will reach 1.075. When it does, I’ll look for longs, because price should take liquidity from above, before continuing with bearish momentum if that’s the case. Also important to notice that level is inside weekly demand and if it breaks, the bearish momentum would be very aggressive. I don’t consider that as likely to happen, unless there’s some catalyst from high impact news. The other scenario that I’ll be looking for, is price holding Fridays low and continue higher to take the liquidity as mentioned above. In that case, I’ll consider shorts from around 1.097 BUT since price is coming from daily demand it will depend on how it gets there and even if I take positions, I’ll manage my expectations about the results. Monday and Tuesday don’t have any high impact news, which is perfect for price to grind higher, which is my main expectation for the beginning of the week. Wednesday there’ll be PMI data on EU and US, should be very volatile. Thursday, unemployment claims from the US and Friday consumer sentiment and Powell speech after. The goal is to remain truthful to the plan and enjoy trading for what it is!
Long
by CirculoForex