Will the Supply Hold and new low created?After the slow climb back up to the Hourly Supply and then a big drop on Friday 19th Nov where will next week take this pair?
I'd imagine quite a few are looking at longing now as there is plenty of space to make its way up if the Supply doesn't hold.
As usual with this pair it will whip around but keep the levels marked out and trade with the order flow.
Fairvaluegap
$EURUSD - Buy now as it lowers into liquidity - SMT**SMT - SmartMoney Technique***
Went Below the Liquidity area sucking people in to sell. The bias is Bearish on the Dollar overall. Waiting give yourself a decent stop loss. Mine is crrently 22 pips and my first take profit will be the high at 1.6675. Ultimately trying to reach the next daily bearish order block before we see a major retrace.
Will fill in more
$ETH - SmartMoney Technique Idea**Smart Money is the opposite teachings of what you're normally taught through retail - Everything is an algorithm. Price isn't random. There is no buying and selling pressure, there is no supply and demand... It's just an algorithm and the candles are the clues***
Not Much to think about except the Bullish Order Block aligns with the bottom of the 1-hour fir value gap which also aligns with the 61.8% of a 15 min fib. the 127% extension is the next high. Too many congruent things happening in the algorithm that this could be worth a shot. Part of me says it should be going lower for the discount price but we lready did that a few days ago and we may just be on a new trading level for Premium/Discount Pricing.
GBPUSD Bulls to continue after a correction?Checking on what options this pair could move after last weeks push up - potential correction or a continuation right up to Daily Supply?
$BTC - Long Between Order Block/Rejection Block (Smart Money)-techniclly if you're following my previous Idea, we're still not out. I'm just making another setup for anyone who didn't catch my earlier I dea, better setup too. Will type more, just want to get the idea out there that this should be going long and check my linked idea for previous info.
I'll complete all of this in 15
$BTC - Smart Money Technique- Long at Bullish Order Block ***Smart Money vocabulary used so if you are not familiar with Smart Money Technique and you must understand that there is no Supply and Demand, the chart is controlled by an algorithm. Period. If you do not believe that or have an open mind into believing that, you will have a hard time understanding Smart Money Technique. This is what the Big guys with the money don't want you to know that it's an Algorithm****
-SHORT TERM TRADE
53093 IS WHERE THE BULLISH ORDER BLOCK BEGINS, STOP LOSS JUST BELOW THE CANDLE. It could possibly reach to the bottom of the fair value gap at 52844 before moving higher. So if you want to put a s/l there use lower risk, higher risk at the closer stop loss. and then if it hits the stop loss wait until it gets to the bottom of the 15 min fair value gap. It's going to attack the liquidity resting above the short swing highs at 54750. Then it may bounce back from a bearish order block notated by the redlines above (55,100 or 55220) But there are equal highs as well at 55,220 where liquidity maybe resting and there is a redeliver-rebalance candle, tht is the current high skinny candle which creates sort of a incognito gap for the algorithm, th fat bullish candle next to it is that gap and that's where price wants to go first. Once it gets there it may consolidate, retrace even, or just shoot straight up to the top of the 4 hour fair value gap notated by the green box at the top 56011.0,
so thats my short term trade
from 53093
to 56011.0
P.S. It could appear as if it is going up off the the top of the fair value gap, it may hit a bearish order block first then come back down to the 53093. If it goes up and does come back to the bullish order block, well then I missed out on the trade, but I'm waiting specifically for it to come back to the bullish order block
Please forgive my chart, I know it's not the cleanest thing in the world, but you have to keep track of al the little nuances in Smart Money Technique to get it right
What way for the start of the month?This pair made a decent push up on Friday and it's possible that it will continue in the short term?
However I have my areas marked out and will trade in the direction of the market flow depending on when the markets shows it's hand.
I'd like to see a short term correction and then a move up which will then complete the Higher Timeframe correction and then an overall bearish move.
But as usual I won't even try and predict as that's no way to trade, plan the trade and then trade your plan.
And will the drop continue?Continuation south for GBPUSD at the moment, no doubt many are already longing this pair trying to catch a reversal but trade what you see not what you think.
I had a clear sell sign from my analysis yesterday and took a sell but only to the low which was still a decent 3.5R.
I have a Daily Demand zone marked out in which it's currently sitting.
Today I have my areas marked out and will trade exactly the same way as I have on my plan.
The markets tell you a story just go with it. Don't try to make up a fairy tale for yourself.
Small push has been madeAreas I'm looking at for 28th September - Price is still in the range of initial push from Daily Demand and retrace below the 50% of that push.
For me the area its in now is showing a lot of selling - I'd like to see the supply areas taken out with candle body closure but ultimately it's the high of initial push that will need to be taken out.
But doesn't mean there wont be opportunities to buy or sell why while this works itself out.
Yesterday a Buy was possible on lower time frames which worked out very well.
Trade Safe
Will GBPUSD continue to push lower? These are areas I have marked out for today on GBPUSD - there has been a big reaction the one hour demand zone.
If the highs get beat by price action then there's a chance of some upside movement.
These areas are NOT where I will click buy or sell they are for monitoring when price gets there.
Liquidity found then the dropWith the fundamentals sending this pair above the daily level but only to a higher up 1hr Supply zone was clear that this stopped out loads with their sells on and stoploss sat at the high.
If you trade the Supply and Demand this should already have has you looking for longs as a previous Supply was broken.
I said that in order for this pair to be bullish it would need a Daily candle closure above the high I had marked out.
We got a clear rejection in the higher up 1hr zone and the drop to around 1.38000 has happened.
I still want to see the Daily demand zone visited but not before the price starts pushing up then dropping to find liquidity again.
GBPUSD UpdateThe drop to 1hr demand and the price did change in that area which is what I expected - although it was very choppy yesterday on its way back up to the 1hr Supply I'm not sure the drop is coming yet.
As much as I would love to see the lower areas of imbalance cleared out I will sit and wait for the right opportunity to present itself.
Note: If the Daily high gets broken with a candle closure then the short would be invalid - this area it is in now is a more probable area for sells down below 1.38000 -
DOES NOT mean it going to happen it's just from the way I am looking at the market structure. ALWAYS work out what Market Range you are trading in
Drop below the 50% of initial Push for possible buying?This is NOT to say this is the path it will take but just the ideal scenario - the 1hr Demand and 1hr supply are the first areas that need to be noted for a possible reaction.
Loads of imbalance below down in the Daily Demand zone so ideally this is the area where buying opportunities will come from should price drop down there.
See how the market goes tomorrow then will update on how I reacted and any trades that I take.
GBP/USD - Chart Mark Up -16th August 21Daily chart still showing a bullish market from what I'm looking at.
I would rather price dropped in to the lower 50% based off the Bullish Structure break and previous broken supply zone and give a rejection with the upper untouched Supply zone as a potential area for price to climb.
But I cannot predict and never will, I always react to what the chart is showing me and then trade based off that.
These are areas to keep note of when you're down in the Lower Timeframes taking trades.
EUR/USD Long Idea After Market Shift Possible bottom for EU has formed and a reversal to the upside.
After watching price jump dramatically on Friday I'm expecting this trend to continue this week.
Expecting little movement today in anticipation of USD retail sales which may also help with an EU continuation
Let me know your thoughts in the comments below!
$EURUSD 4:1 R:R On A Short Starting in London If I left my Technical analysis on the bord you all would not even be able to see the chart. Even though I'm Bullish on the Dollar overall, I'm going to be bullish on it with 'existing home sales' on the calendar tomorrow. And with Black Rock buying up homes 20-50% above market price, I think we my see the bulls come the dollars way. Plus there's daily Imbalance in the Dollr that I think it's trying to reach. Then we have EUR consumer confidence tomorrow as well. SoI drew my price very specifically by what is already on the board and having 3 target price. after that we have Powell Testifying and who knows what kind of volatility that will bring if any at all so I wnt to be out of the market by 1:00 p.m. and I personally think this is what the chart will do. I'll Post tomorrow to see if My Smart Money Analysis was dead wrong or close to being correct.I think we're headed for target 3 though which will simultaneous hit the DXY Daily Void at 1.8406 - ish, after that I think we're bullish for thee week on EurUsd,, Just not tomorrow. if and only if the DXY is showing a willingness to go after that daily void.
See Chart (The Timing isn't correct since it's on the Daily but I needed to include the Daily void for reference but you get the picture. I'm setting my sell limits now and going to bed, hopefully to some good news.
Let's see what happens.
Good Luck And Good Trading :)
OANDA:EURUSD