XAUUSD WHAT`S NEXT? SELL?Hey traders,
On friday i posted my anaysis about gold, that we hit all time high and a correction was likely to occur. As expected xauusd dropped 350 pips. When it comes to this week as well i see a further correction looking upon the chart, gold may consolidate trending upward to fill the gap then after a sharp drop to around 1988 seems reasonable to expect.
If you like my idea drop a like and comment down below. 😘
Fairvaluegap
NQ 4/30/2023 AnalysisLast week NQ finally broke out of its accumulation range by a manipulation bearish to target the sell stops below the accumulation range then an energetic reversal bullish heading towards daily external swing high at 13348.
On Friday 4/28 at 4pm New york session close we took out Thursday's High (Buyside Liquidity) at 13333. Friday's bullish run created a big Fair Value Gap imbalance on the daily chart which I'm anticipating price to retrace down into fill in the imbalance during London and New York session.
Currently on Sunday open we gaped down creating a NWOG New week opening gap and is currently consolidating showing a bearish market structure on small time frame 1min - 5min.
There's equal lows (sellside liquidity) sitting around 13169 right before the Daily FVG created on Friday which is an added confluence that price is likely to draw lower into the FVG.
If we have a bearish Market Structure Shift I believe we can retrace back into the range to 13006 - 12957 before going bullish again to take out 13348
GBPJPY outlook on the last day of the week. (SHORT)GBJPY outlook on 15 minute chart, price tapped onto the higher timeframe supply zone (gray zone) and 15 minute chart just created a lower low (change of character / market structure shift). If the price manages to pull back above and collect the liquidity created by the trendline, we could see a potential down movement.
CROUSDT - Short Scalp- Price creates buy-side liquidity (BSL) on the 1H TF
- Price rejects sharply downward after clearing buy-side liquidity, breaking multiple lows on the 5m
- Price re-enters the bearish imbalance on the 5m fair value gap and this is where we go short :)
- TP set to 1H sell-side liquidity with a tight stop loss just above the 5min FVG
usdchf weekly marketforcasthello traders this pair like to blow people out high and low stop run so it needs more attention trading this pair i have posted the possible move comment down and follow if you want to learn this kind of trading style .....risk management is very important guys wish you best of luck
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FAIR VOLUE GAP
First, go to tradingview and search up Fair Volue Gap . Now, you can see your chart dashed lines, to see levels based on these pages. FVG and to make this set up a lot better though we want to clean this up and only show significant Fair Volue Gaps by going into the settings and selecting the auto threshold. What this does is allows the indicator to detect the average best size of each Fair Value Gap to filter out insignificant ones.
A loss for me a lesson for you- Trading a bearish FVGReview this first to see the fair value gap:
(1)Trades inside the -FVG
(2) Rejects -FVG(MT)
(3) Holds -FVG(L)
Note: This is a high probability sign for moves higher, price trades inside the 4H-FVG. Once price is inside, the price trades to the 4H-FVG(MT) and trades back down to the 4H-FVG(L) and price holds for a continuation inside.
(4) Prices trades through -FVG(MT)
(5) Trades and rejects the -FVG(H) and -OB
Note: This is where, and only where I should have entered for the sells that I attempted near the midpoint. We had already traded pass 4H-FVG(MT). After the failed entry, you should wait for price to reach the 4H-FVG(H) and in this case the -OB as well.
Multichoice showing upside before downside thanks to GAPS - SMCSell Side Liquidity Order block - Bullish
This is seen by a very strong support that's formed since October 2022.
We also have had a FVG (Fair Value Gap) Candle. This is where the previous candle and the third candle hasn't filled the orders.
That's why we expect the price to go up, fill the gap and then possibly turn down from here.
Target R140.00
If the price breaks below Sell Side Liquidity- this analysis will be null and void and all signs will point to shorts.
Executing on a 1min -Breaker and -FVGs (ICT concepts)Following live this morning on 3/21 with ICT, he analyzed why price was expected to move lower to take sell-side liquidity. Along with him, I took the trade and this is my explanation as to why. The trade was taken on the 1min chart, with prior analysis of the 15m, 1h, and 1d to help form a bias. I opened 2 short positions on entry into each -FVG, stop above the breaker, and target to sell-side liquidity.
ICT's live stream : www.youtube.com
Analysis:
CME_MINI:ES1!
How did this breaker form, and why should I be confident in its ability to hold? (Outlined areas do not correctly line up since the chart is resized for publish)
RTH opening gap: from yesterday's close to this morning's open, price gapped up and formed a PDA, residing in the premium.
9:30am run up created equal highs then dropped to a short-term low.
Price rallied again taking out BSL where buy stops are placed.
Price retraced back below the short-term low creating 2 -FVGs.
The continuous down-close candles on the STL that was taken forms the breaker.
Entry for short positions were placed at the bottoms of the -FVGs. Because 2 formed inside a breaker, expect price to potentially trade back into both of them.
SL a couple ticks above the breaker. Why? Price can offer back up to the breaker high. This high was .25 (1 tick) above the breaker. This allows for the bid-ask spread to properly offer before moving down. If it breaks 2+ ticks above, this it's more likely the bearish analysis is wrong and I should stop out.
s3.tradingview.com
Fair value gap and SMC conceptOANDA:EURUSD
There is big drop in EURUSD on 15/03/2023, It has to go up and refill the FVG I wait for the upside side CHoCH, it happened on 15.03.2023 late night and I take positions once it respect the CHoCH , it respected it in 16.03.2023 evening, I mark the reward almost upto final fair value gap( first value gap formed in 15.03.2023), stoploss just around the CHoCH maked candle and 50 points below to escape market manipulation size in 5 min timeframe, 1:26 RR
Captured 170 Pips on 20.03.2023 around London session
TAKE PROFIT Bidvest raised stop loss hit and locked in profitsCup and Handle formed on BVT
We had 7>21>200 - Bull
RSI >60
Raised stop R266 hit
Target R285.44
SMC
You can see a FVG Bullish formed where the 1st and 3rd candle didn't overlap.
Hence we have had a pull back in a flag formation, going to test the 50% level (Gann Box).
Once we get a break to the upside, we might have another chance to go long again and ride it up .
But right now I'm out of the trade.
EUR/USD Might consolidateEUR/USD has reached a Premium zone which has rejected with an swing Order Block. We've established 3 new FVG's in the past day, so we might see the price consolidate for this week.
- Closest Fair Value gap starts at 1.06262
- Second Fair Value gap starts at 1.06043
- Third Fair Value gap starts at 1.05820
Watch the out for these zones, its possible that the price might reject from these zones of FVG.
- First Order Block (Bullish) starts at 1.05775
- Lower Order Block (Bullish) starts at 1.05480
Keep in mind, that these analyses might be with a Neutral effect (Which might consolidate).
A closer look at the Swing Bearish order block;