DXY 2H POSSIBLE SELLDXY has a strong bearish momentum and has already broken structure on the hourly timeframes. I therefore' think that it'll drop further to take run the short term lows created this week and possibly to also run an old week's low. R:R = 2.5. THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. APPLY PROPER RISK MANAGEMENT
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US1OO 15MIN POTENTIAL BUY UPDATECandlesticks are price messengers and tell us a lot about price. A look at the previous 4H candle shows impulse but it was also unable to break structure hence it'll most likely seek a deeper discount before potentially rallying for the void and imbalance above
US100 M15 POTENTIAL BUYIf price decides to clear those short term highs, it might inject bearish orders which could retrace downwards to mitigate at the bullish OB where I'll be willing to take my chances up to the end of the void and bearish OB above because I already have bullish impulse and BMS
US100 UPDATEThis setup would have worked quite fine but price decided to target last week's lows for liquidity runs. I hadn't anticipated that since I expected those lows to be run during a news event. However, I had warned that the setup had quite a high risk attached to it.
NZDUSD RESELL UPDATEI had marked that particular zone as a potential resell zone two days ago and it activated but there is no presence of market makers. Instead price is consolidating which means that they are accumulating retail traders entries to act as engineered liquidity for their large positions. So when they have enough retail traders positions they'll most likely spike price upwards or downwards to take out stop losses then rush price in one direction. So if you took my setup it's advisable that you exit or secure your profit. THIS ANALYSIS DOESN'T GUARANTEE PRICE MOVEMENT.
US30 1HSince US30 doesn't show any bullish impulse on 15min and other lower timeframes, I think it might trigger buy orders at the 1H order block below the current lows and rally to fill the 4H volume imbalance. The setup offers a 1:2 R:R. USE PROPER RISK MANAGEMENT
GOLD 1H RESELLGold is supposed to drop a bit further but since it has started a consolidation, it might move upwards to sell at a discounted price which I think might most likely be at the 1H OB which is my potential entry price. The OB is also at 61.8% fib retracement level which counts as an optimal entry. The setup offers a 1:3.5 risk to return. SL and TPs shown on chart. USE PROPER RISK MANAGEMENT.
CONSOLIDATION RANGE AND WHAT IT MEANSThere is a trick that market makers use and that is to create consolidations in order to induce retail entries. In text book practice, retail traders will always view a resistance or support level that has been tested more than once as a strong area to do entries because they feel it will hold price. As a result they put stop losses above or below the entry and these stop losses increase as market makers consolidate and incubate more retail traders entries. Remember market makers need these stop loss pools in order for them to open their huge positions so afterwards, they will run these stop losses, enter their orders and inject liquidity to move price very quickly. So beware not to buy at the current NZDUSD equal lows. You'll be trapped!
LIQUIDITY RUNSLiquidity runs occurs when price gives a false break out below a support or above a resistance and the purpose is usually to take out the stops or liquidity lying around those areas. This liquidity is then used by market makers to open their large positions in the opposite directions. When a false break out occurs below a support, stop losses belonging to retail traders are wiped out and retail break out sellers get trapped. The opposite happens at a resistance level. Liquidity run is my favorite strategy when I'm anticipating market reversals or at times retracements like what happened with dollar pairs yesterday (5th Dec 2022).
NZDUSD 4H UPDATEHad posted this in the morning and it worked out well. TP1 was hit which is 110 pips. That's more than enough pips for a day. If you want to keep holding make sure you move your stop loss secure your profits. There is a momentum bearish engulfing which indicates potential bearish continuation. I published a post on engulfing candles entries and you can use the zone within the bearish engulfing candle for a reentry. USE PROPER RISK MANAGEMENT
THE ENGULFING CANDLE LIQUIDITY EntrySo let's learn something about engulfing candles entries. An engulfing candle is usually a momentum candle and in most cases signifies reversal and at times trend continuation. Now what you do is plot your fib on the engulfing candle from wick to wick and mark the 40-50% retracement area which becomes a potential supply liquidity zone to sell from a bearish engulfing and a demand liquidity zone to buy from a bullish engulfing. In short 90%+ of the time price will retrace back to these zones before continuing and can thus provide clean and safe entries with reduced drawdown, lower risk and a good risk to return. Try it
DXY 4HThere is a daily and 4H bullish order block at 104.14 and since DXY has been dropping, the order block might induce a retracement to fill the daily volume imbalance between 105.70 and 105.84 which would be a safe zone to take your profits if the setup plays out as explained. Price might also decide to climb higher to fill the fair value gap between 106.08 and 106.27. Price action will tell. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. APPLY PROPER RISK MANAGEMENT.
NZDUSD 4H DXY will most likely retrace upwards to cover a volume imbalance and that's why I think that NZDUSD will drop to also fill a volume imbalance but after first taking out the liquidity resting above the line XX. The setup offers up to 1:5 R:R if it plays out. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. USE PROPER RISK MANAGEMENT.
US100 M15 BUYNasdaq is teasing to sell and at the same time creating multiple lows where many retail buy stop losses may exist. So I'm thinking that it might tap into the below zone then buy from there to the current highs. This setup gives up to 1:3 R:R. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. USE PROPER RISK MANAGEMENT
US100 1HNasdaq has began a consolidation after rallying yesterday and is teasing retail sellers. I think that it might sell above the highs at 12115.6 because that way the large institutions will take out stop losses belonging to retail sellers and thus acquire enough liquidity to open their large positions especially with NFP coming up. NOTE: THIS EXPLANATION DOESN'T GUARANTEE PRICE MOVEMENT