AUD/USD Possible Bullish ContinuationAUD/USD In an attempt to reverse upward from downtrend saw a break below trendline which
happened to be a downward continuation.
Price is currently in an uptrend and I will be waiting to take trades only when I see a bullish confirmation above
the current resistance level X.
BOS
GU Price Action for WC 1107 - Short upon LTF BoS confirmationMTF analysis are in the anchored notes for M,W,D,H4, AND H1
Annotations/ Notes and Markups are on the charts
KEY LEVEL = Tried & tested S&R zones
S/R zones are labeled as S/R zones
High Impact News / Potential price catalysts: (My time is GMT +8. Adjust according to your timezones)
TUE, 11/08/2022, (NO SPECIFIC TIME) - CONGRESSIONAL ELECTIONS (USD)
THUR, 11/10/2022, 9:30 PM - CPI NEWS (USD)
FRI, 11/11/2022 , 3:00 PM - NOV 2022 GDP STATS (GBP)
FRI, 11/11/2022 , 11:00 PM - NOV 2022 Prelim UoM Consumer Sentiment (USD)
Could be nice sell setup for EURCHFAs we see market were bullish and there was many BOS to the upside
But market just shifted to the downside with good momentum
Price came to test the last supply zone and reacted from this area
Will wait for the bearish movement to be confirmed and go short
Feel free to comment with ur thoughts! Peace
SPX 10/31/22 Choppy Sells Today was a good day but a choppy one. Took 3 sell entries and all of the were stopped out. Took 2 additional sells this morning at the open and those went straight to SL, traded a bit too tight initially this morning but the SLs weren't large at all took about a 3% L on those.
The remaining trades were taken off of the -CHOCH (Change Of Character) and -BOS (Break Of Structure) on a couple LTF order blocks on the 1m, 5m, and 15m charts.
Closed the trades for partials manually and left the stops at break even to eventually end the day 9.61% up.
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.
XAUUSDDear Traders,
Gold has given us a mixed signal.
The 4H trendline is broken and the bullish impulse move was strong. In the first scenario of retest, it may give a nice opportunity for buying continuation to 1665 level which either push price lower to 1645 levels forming consolidation, or will break and go up to 1682 area of previous year demand zone.
I will turn my bias to bullish if it breakes the upper level which I pointed out, and continue up with strong momentum candles cosnecutively.
The strength of the dollar seems that has found an edge and we may see a further rise for gold.
But if there is no the abovementioned breake of structure with HH and HL, the maintrend will remain bullish pointing down to 1570 and 1475 levels of interest.
Also, I am thinking that the banks have moves the older demand zone of 1680 to the 1620 area, so I am pretty cautious. Can you imagine seeing gold touching several times the 1615-1620 price areas for the upcoming months without breaking it down, while at the same time, it will form higher prices above 17xx and 18xx levels? it will happen sth similar in terms of pattern and demand zone like that of 1680 area?
Lets's see.
Good luck!!!
Some BOS and ChOCH In this chart we can see some pattern that fits to this strategy.
We saw a lot of liquidity in the path few months.
And sometimes the market can give u some bouncy bull trend for a couple of days or even week or two.
In this chart , u can see some pattern that give us some indication that may be some poll up , and then it going down to check the LL prices
And after that we can hope.
Do or die for long term Bitcoin bulls?As we can see on HTF $BTC charts, price has been moving in an upwards channel creating higher highs and higher lows ( breaks of structure confirming the continuation of the uptrend), but we have sinked into a lower low which would definitely count as a change of character of the market reversing the trend downwards. Do or die scenario is basically bouncing up from the demand point and forming a higher low constituting another change in the market's character to resume uptrend.
From another bearish Point of view, we could also see a massive bearish flag forming on HTF charts as well targeting the same areas we would be targeting with supply vs. demand analysis.
Please check linked idea to see how I expect the movement to be inside the bearish channel / flag before breaking out to the downside.
Long on NAS100 until NFP?As per Fed's Daly remarks states that the US needs further rate hikes to combat inflation hence why this current rally on indices and today's miss on JOLTS jobs report. Markets are continually providing volatility which equates to more opportunities for all market instruments. We have been breaking structure to the upside on NAS100 since Monday and all throughout the asian session. I've adapted a short term sentiment to bullish with a final TP 11760.1 I do believe we will see bearish plays come back in on NFP day.
I will act accordingly to what the market shows.
GBPUSD 15 MIN PROJECTIONGBPUSD has Liquidity Under Two Equal Lows , Which The Market Should go And Take Out the SLs Below These lows, Also There is an UnMitigated ORDER BLOCK, So we are Expecting The market to Firstly grab The Liquidity, Touch the Order Block And Then Flies to the upward and Grab The Buy Side Liquidity
Gold - Why i went longYesterday I shared my analysis where I was looking for shorts from the 1st H4 supply area, so you might ask now why am I buying. The reason is that the supply area never got mitigated and once we seen the drop today we left behind liquidity resting above the 2 H1 wicks just below the H4 supply telling me we have some early sellers. I will still be looking at shorts but I seen an opportunity to capitalise on the push up to my areas of interest today. Marked chart to give you a insight as to why i decided to go long today.
Gold Gold
Will we see further downside this week or will we see some bullish price action whether it be a larger pullback or reversal. We have seen some HTF Liquidity been taken out!
The H4 supply zone is where i will be keeping a close eye on as we enter a new trading week. I will be looking for LTF bearish structure to form to look for shorts, if that is to fail i will be looking for buys and targeting the liquidity below the H1 supply block
As a intraday trader i don't focus too much on swing targets but i always to do my TDA starting from the weekly so i don't get caught out!
I wish everyone a good trading week and remember to ensure you have good confirmations before you enter any trades along with good risk management! 😊
Long position idea on $TRB [risky!]Quite a simple straightforward trade which could prove to be a big fail considering the FUD going around the project and how it is being called the next $LUNA but from a pure TA point of view this is a very valid trade.
Using adequate risk percentage / position sizing is vital and I can't stress enough on that.
Crazy funding rates on exchanges right now as well; -1.5% on ByBit right now for an example and that on its own is worthy of a shot at a long imo.
Entry and target zones marked.
LFG 🚀
EURCHF: Don't Miss this BUY 🚀This pair swept the monthly low and engaged the interest of buyers with the strong bullish candle close.
If you look at the daily time frame you will notice we also had a shift in market structure to once again lure in buyers.
Buyers now have two strong confirmations that price could reverse BUT they will take no notice of the vast liquidity that is building up below the demand and the low.
We will wait for buyers to be stopped out before we join buys with the market makers.
if we time this trade correctly, we could be holding onto a long-term swing with HUGE upside potential
Gold. Its OB, And more importantly where its CHoCH? 9/Sept/22Gold. As a “contribution” to tradingview ( many thanks to tradingview for providing such a good free charting platform) community ( Today I’m going to share my own interpretation of OB ( order blocks), and most importantly where is the “exact “ location/pivot/level of CHoCH ( change of character)?. A concept with BOS ( break of structure) which has been used by advanced naked/ Price action trading traders without any indicators. . It will cut “novice traders” learning curve from 3-5 years even 10 years where they are searching for “holy grail “ trading system/indicators..The biggest question for this concept of trading will be “where” is the exact location of CHoCH? ( change of character = change of “previous underlying trend” )..The “ANSWER” is! = at subwave b of any last leg of impulsive wave which is wave 5. < p/s unlike conventional Elliottwave rule there is ONLY abc subwaves “inside” any impulsive wave..> Last but least many thanks to @makuchaku and @Efe for coding the such a great “super OrderBlock..” script/ indicator which help us/traders to “visualize “ where is OB, FVG Although we still need to find where is “CHoCH” “manually”..