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GBPUSD (W) is approaching some very potent bearish orderblocksGBPUSD is nearing some very potent bearish order blocks on the weekly chart, which can cause price to bounce back (at least temporarily). Also, the price delivery while going up is very clean and has no apparent open bullish order block. So if it falls, there's nothing to support it. Also, DXY and EURUSD are at their support & resistance (respectively). So this all seems in sync. Please keep in mind, these are weekly zones - not to be used directly for trading. Instead, use them to keep a watch on price on your smaller timeframes. Expected direction : Up (till it reaches bearish order blocks) and then Down
by makuchaku
DXY (Dollar Index) Long term movement prediction for 2021DXY / DX1! / FX:USDOLLAR / Dollar Index is searching for liquidity, bouncing up and down in the process. This is my long term prediction on how it could move - given no major economic shifts. Option 1 DXY breaks below the Q1 2018 lows, collects liquidity It then runs up to fill in the fair value gap from Q3 2020 It then falls down and get rejected from Q3 2014 lows as those trapped shorts exit - creating a rally It then falls down again below Q3 2014 lows to collect liquidity Heads back up again in search of liquidity Option 2 DXY creates a short term low just before Q1 2018 liquidity run, so that it can trap even more traders It then runs up to fill in the fair value gap from Q3 2020 It then falls down, collects the liquidity below Q1 2018 lows Get rejected from Q3 2014 lows as those trapped shorts exit - creating a rally It then falls down again below Q3 2014 lows to collect liquidity Heads back up again in search of liquidity
ICEUS:DX1!
by makuchaku
My trading strategies : Trade against the trapped trader!STRAT 11 : Basic premise As price continues in a trend, more and more traders keep piling into the same direction, hoping that the trend will continue and they will make money. However, at some point, the trend sharply reverses, breaking the market structure in opposite direction and trapping a whole bunch of retail traders in the direction of trend which just got reversed. We create a zone which identifies these trapped traders and then patiently wait for them to exit, and trade with limit orders in the direction of their exit. You can add additional confirmation signals from DXY's directions for the instruments which are highly correlated to DXY (EURUSD, USDCHF, etc)
COINBASE:BTCUSDEducation
by makuchaku
3
XRP/USDT preparing the bottom ready for reversal to ATHXRP/USDT consolidating and price action preparing for a level 3 (low) move before the reversal upwards to the ATH . On this daily chart , we can see the high at level 3, the first consolidation at level 1 and second (small) consolidation at level 2... Current price action is at level 3 where the following is observed Using the 1Hourly chart, we can see: https:// www . tradingview . com/x/CDNEpp5M/ 1/ a Double Bottom formed at the 48 cents region, which suggests a high probability move with smart money and institutional move to RUN the LONG stops and Activate SHORT positions. 2/ there is a likely move low to the 50 to 46 cent region, with a significantly large wick (especially on the Futures markets) which will most likely present itself, in order to fill the Liquidity Void 3/ the liquidity void is between 33 cents to 40 cents, we can expect one of the following to occur in this region - a wick may touch the top of the liquidity void at approx 0.4015 cents - a wick may fill 1/4 of the liquidity void at approx 0.3800 cents - a wick may fill 1/2 of the liquidity void at approx 0.36722 cents - a wick may fill 3/4 of the liquidity void at approx 0.35088 cents - a wick may completely fill the liquidity void with a low of approx 0.33130 cents - a rogue wick which may fill 2x liquidity voids down to 0.30660 cents In my opinion, the most likely target which the wick will drop to would be where there is an orderblock on the weekly at around 0.3600 region. Thus a half fill on the liquiditiy void. After the above occurs, I'm expecting a significantly strong reversal UPWARDS to go for the next ATH at aprox $3.80 within this next pump upwards. ************************************************************************************************************************** This chart is my own opinion, no financial advice given, none suggested, trade at your own risk. **************************************************************************************************************************
Long
by Market-Pip-Factory
2
Importance of risk management : this trade is now risk free!I took this trade and was expecting price to move 3R in my favor. However, after hitting 1R, the price just collapsed back. Even though I might loose this trade - but because of my risk management plan, this trade is already risk free for me (after it hit 1R). I cannot express enough - HAVE A RISK MANAGEMENT PLAN that works for your attitude! Risk management 1) Reduce 50% at 1R => Trade becomes risk free 2) Reduce further 25% at 2R AND move SL to break-even 3) Close trade at 3R 4) Winner = 1.75R (looser = 1R)
by makuchaku
1