USDCAD - Continuation of bullish trend Hi Traders, lets take a look at USDCAD on the H4. We have price breaking out of the correction phase and also taking out the LH which indicates a change of character .We are expecting a push to 1.38070 level
Choch
CADCHF - Change of CharacterOn CADCHF, price has been in a corrective phase for a while now. We have price breaking the previous lower high which is a change of character of the downtrend, we will go long with an bullish candlestick
US 30 - Ready to drop?On US30, we have an interesting price action forming. We have a breakout of the rising wedge which also caused a change of character on the uptrend. Currently price is in a corrective phase(bearish flag) which can potentially break to the downside
USDCAD looks good for sell.USDCAD looks going to a down trend. the zone is a supply zone and I'll trade on the area.
Fantom $FTM Long-term LongLet's see the price in up coming weeks, this could be the change of character. Something is cooking. TBH i kinda skeptic that we would see bull before we meet Q2 2024(BTC Halving). But you know, you still want keep an eye.
10 Minutes Learn BOS & ChochBOS and Choch
Break Of Structure and Choch is next level of market structure.So, if you want to learn this, you need to learn market structure first
it will goes easy to find BOS and Choch when you understand or master at market structure
If you want to trend following, market structure is enough,but if you want to find reversal pattern, Choch and BOS is Usefull
What is BOS?
Break Of Structure forms in the direction of the trend creating continuation patterns for you to joint the trend
Break of recent Lower Low when bearish or Break of recent Higher High when bullish
Example:
What is Choch?
Change Of Character for at the end of a trend forming reversal patterns to give you a chance to join the new change of bias in the market.
will usually form a head and shoulders pattern also reverse head and shoulders when bearish
How to indicate, you need to find the last Lower High ( when bearish ) and Higher Low ( when bullish ).so,when the price close above
the last Lower High or Lower Low, this pattern has formed
Below, is step by step how to using Choch
1. Determine the market structure first
2. Determine the BOS correctly
3. Determine the Choch, i change the color to green because
of bullish trend require break of Choch
Note : be careful, this part is often wrong! you should watch the last BOS
to determine the Choch
4. Look! We got it
Note : The higher timeframe close above the choch,then the confirmation is getting stronger
Easy to learn ya, thanks for reading my page!
Hope it usefull!
Key to unlock the true market structure!!!Have you been struggling with marking market structure? You may have come across many Youtubers who aim to teach the market structure, but in a very wrong manner either by taking fibonacci tool or by discretion. This Video can be an eye opener for you all who are struggling in marking valid market structure.
Market structure is the backbone for every other SMC concepts. Without market structure there will be no orderblocks, breakers etc. Even if you are a beginner in market structure, that is much better since you won't be acquiring the wrong knowledge in the 1st hand.
So are you ready to uncover the real mechanical market structure?
Video will be uploaded on YT at 6:30AM GMT on 25th November 2022
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CADCHFAnother beautiful pair for retail inducements setup. here we can see there is a CHoCH where the price broke previous swing high and price coing back down to mitigate in demand zone. which now it already has. this is an active trade now lets see what happens next.
EURJPYThe price has recently made a CHoCH and now according to my strategy it will now mitigate below in the demand zone which it already has now the price should make a BOS. lets see what happens?
Sol Big dropSolana has no sell volume after its current price . the free fall started around 12$ The point of confluence is 4$$$
US 500 - Waiting for a pull backWe have a price breaking of the lower boundary trend line which also took out the higher low structure indicating a change of character of the bullish trend
EURAUD - BUYOn EURAUD, we have a change of character on the 4H time frame indicating the end of the pull back
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
NASDAQ ANALYSIS Evening
Today’s ideal look at the market is NASDAQ , continuing the SELL ORDER FLOW BIAS, where I spotted a change of character during the course of today, IM LONG TERM SELL BIAS
GBPCAD - SHORT On GBPCAD, there is a change of character on the 4h which indicates an onset of a bearish trend on the Lower time frame
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.
USDCAD BUY?USDCAD has been in the D demand zone for 2 days now and although there's a lot going on in there its still a valid level. Furthermore seeing this failed attempt at a lower low and also full body candle break of the zone, it leads me to see that price could perhaps still very well buy from this level. So my entry is an H1 BOS in the gan discount and also my entry is right on/near the fib 61% which in this case matches up with the H1 demand zone OB. My SL will be 50 pips below structure and my Tp will be the daily highs of USDCAD around 1.40000
same strategy and entry technique as the USDJPY trade. lets see how they play out
USDJPY BUYUJ has finally mitigated the D demand zone. Once it did that it made an H1 ChoCh and will most likely go back up to the high of 152.000
My entry here is straightforward. A BOS Pullback in an H4 zone refined down to the H1 candle that caused BOS. My stop Loss of 67 pips just below structure with my TP up at the daily highs.
I anticipate to swing trade this and add on multiple positions. Once the price reaches 148.500 I will take partials and move my SL 2 BE
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.
USDCHF - Head and shoulder patternUSDCHF has presented a head and shoulder pattern after the break of the neck line. Price is pulling back for a possible retest and continuation to the downside
EURCHF - Wait for the end of the Pull backEURCHF has been correcting to the upside towards a supply zone after an impulsive move from the buyers. The correction face shows weakness from the buyers to push price further to the upside
