Fairvaluegap
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;
$FTM Technical Analysis - R Fair Value Gap Turned Support *SMC**SMC* = Smart Money Concepts. See related Ideas for tutorials
In Smart Money, there are specific candle formation that will lead to a lot of clues to price action results. Yesterday FTM was the product child of those clues. Currently, the price has hit the top od the daily / weekly fair value gap. I just closed my long position because I expect it to retrace to thebottom of the weekly fair value gap, which in turn is also a breaker. These will act as support so once price reaches $0.548 we should see that support start working it's magic
Current chart label (1) Lower time frame
(2) It could retrace to the bottom of the order block which would balance the chart on a weekly level and then would also turn bullish at$0.51885 - See chart two higher time frame
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2
We shall see good luck and happy trading
DAX SHORT (PAPER PRACTISE)Looked bearish after the middle green candle 10:15 couldn't push past the 9:00 open bear candle before the drawback (BSL) . The EMA's and the weakening of new highs gave me confluence that the internal SSL would be swept along with the 9:45 close SSL. Quick trade however should of waited for the imbalance to be filled ( double 1 m FVG) below the SSL and then close my positon to ensure that it is still a bullish market structure. Moved stop loss to 0 making it risk free after the 1m ticked past the first SSL. Entry and close marked at 11:45.
GBPUSD Possible seeing a Bearish push lower
As you can clearly see from the chart:
-Price reacted to the weekly Swing High and created a change of Character ( ChoCh), Which left an Orderblock (OB).
- Price came back to mitigate the OB after sweeping the trendline liquidity ( $$$)
-We would probably see price dropping lower to fill in the fair value gab( FVG).
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Looks like BTC is getting rejected just before the FOMC meeting!Here's a quick look at the 2 hr. BTC chart. As we can see, the price entered a strong order block, couldn't break through, and got rejected. The price was also forming the bearish rising wedge pattern, which now has broken to the downside. If the price doesn't hold above support zone 1, we will likely see support zone 2 at 18k-18.4k. The fair Value Gap will get filled at some point. This adds to the price breaking below support zone 1, thereby getting down to support zone 2!
The FOMC meeting is taking place on 1. February, and we should expect some volatility just before the meeting! Trade safe!
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What's a Fair Value Gap?:
A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders.
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BTC entering a strong order block!Here's a quick look at the daily BTC chart. As we can see, the price has been rallying for the past few weeks and has now entered a strong order block! There's a lot of sell pressure in this zone, so there's a high probability that the price will get rejected. Also, there's a fair value gap at 19.8k, which gets filled most of the time. Therefore we should expect some retracement to this level (19.8k) at least.
Historically the bottom has occurred in November, December and January, and we are within the bottoming period for BTC.
We need at least a higher high before I accept a bullish reversal idea. A weekly close above the order block would be perfect for a bullish reversal idea.
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Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
FVG (fair value gap) unfilled at $17,550 (BTC)First of all, please tap that like button to show your support 👍
FVG = fair value gap.
$17,550 is the area I'm looking at right now to close longs.
Nothing about this current formation at the highs here is telling me it looks toppy yet but this might change after we fill the daily FVG.
More to come soon, stay safe and have a great day tomorrow.
Cheers 👍
a great position for ETHhello guys...
let's review what happen to BINANCE:ETHUSDT in the last 7 days!
1- dump a lot and make a gap or fair value gap in the middle of the gap!
2- retrace to %50 of the last dump or leg.
3- stuck on consolidation for several days.
4- reach to %50 of correction again!
5- formed a tiny ascending trendline and then, boom dump it again!
the last candle that made a trendline breakdown has made a great area for getting a short position.
my forecast (not analysis)
price come back to %50 of the leg again and will hunt preview liquidity pool, so if you get a short position close at last on 1070!
always do your research.
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