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Changeofcharacter

USD/JPY - Rising flag break down with target to 126.48 - SMC Rising Flag formed on USD/JPY We then had a price break below, which signalled downside to come. Other indicators showing downside are... 200>21>7 - Bearish RSI<50 Target 126.48 SMC (Smart Money Concepts) We had a Change of Character (CHoCH) This is where the price moves to the point where there is a change in the overall trend. It creates a trend reversal. You’ll see a CHoCH on higher time frames usually (i,e, daily). Therefore with SMC we confirm there is downside to come. First target is at previous levels of liquidity. Which in this case is the support (dotted line)
Short
by Timonrosso
📊 Market Structure: BOS VS CHOCH📊What is market structure? Market structure is the levels that are created by the price of any currency as it moves up and down. Price never moves in a single direction for too long. It always takes a few steps in one direction, then moves a few steps back, then a few more steps, then a few steps back. Over time, these steps form distinct structures in the market: zones of consolidation, zones of support, zones of resistance, and zones where price impulses up and down. Market structures that form in the past are often respected in the future, and analyzing previous market structure can form a basis for a trading plan. BoS carries on in the same direction it was initially heading in where as a CHoCH can be viewed as the Markets turning point 🔷BOS - Break of structure forms in the direction of the trend creating continuation patterns. Break of recent Lower Low when bearish or break of recent Higher High when bullish. 🔶CHOCH - Change of character form at the end of a trend. For example, if we see an uptrend in the market, characterized by higher highs and higher lows, this means that the overall trend remains bullish. However, when a new high is formed and then impulsively broken to the downside, this could signal that the bullish trend might be coming to an end, and that a possible choch transition may be happening. 👤 @algobuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
7
AUDJPY Sell IdeaHere are my thoughts on AUDJPY coming down from the supply zone. We can see on the 4 hr that market structure is coming down and it went into accumulation and created liquidity. I also saw the liquidity was taken above the accumulation/consolidation and tapped into the 4 hr zone. From there I dropped to the 15 minute zone and saw that once price tapped into the 4 hr zone, it created inefficiency, took out liquidity, and had a change of character. Right now, on the retracement, it is creating liquidity and I'm thinking that it will take out the liquidity on its way back up to fill the ineffi,ciency then continue with the downward market structure.
Short
by BlackDiamondFX
1
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.
COINBASE:BTCUSDShort
by xcitedDelirium
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
2
LUNA - Short Setup PossibilityLuna has broke through the frok it's been rolling inside, this is a change of behaviour, the better part is that it's clearly pullbacked to it, this is one other fork rule that if a line is valid and is broken, then it should pull-back to it and there you go we have it. Now we are stuck in an Energy Coil which seems to be forming, i expect a peak to the upside to the energy point to fill the upper short orders to at least the last swing low which is 98.595 and then come back to the fork, if this happens we can then wait for a retest of ML and get short to the Lower paralel, if that didn't happen and we broke though the coil from down-side and then if we had a reasonable market structure to put our stop, then we can get short along the way to the MLH. I hope this helps you Ask me any questions if you have any
Short
by TheCryptoFork
CNTTF new symbol CTST as it moves from OTC to NYSECannTrust Holdings Inc is moving to the New york stock exchange 2/25/209 so preserving this chart for future comparison remembering old stocks again CNTTF OTC = CTST NYSE = TRST TSX = CannTrust Holding inc CannTrust is developing nanotechnology to develop new products in the medical, recreational, beauty, wellness and pet markets. has also partnered with Breakthru Beverage Group through Kindred Canada, for recreational distribution in Canada
C
by G13Man
2
USDJPY Wyckoff AccumulationFollowing the Wyckoff logic the USDJPY seems to be undergoing accumulation on the Daily time frame. Demand has been increasing. The downward stride has been broken. After some low volume adsorption a spring has occurred. A change of character can be seen with ease of movement to the upside on the 28th of March with some good volume. Following the low volume pullback going into the Easter break a continuation of this strength can be expected. There has been divergence in the RSI and volume RSI confirming demand entering. Commitment of Traders (COT) report also sees a sharp move to net short positions by commercial interests and hedge funds (See comment section below).
Long
by SteynTrade
2