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
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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
US30 4H sellA look at daily and 4H shows a long bearish engulfing which is one of the best and most reliable price momentum indicators. This shows that there is a willingness for price to continue bearish. Since price didn't break below the 4H lows at 33630, a retracement is necessary in order for smart money to sell at a premium. Now there is usually a liquidity zone within an engulfing candle and that accounts for my first entry. There is also an order block that price might reach to before dropping. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE DIRECTION. USE PROPER RISK MANAGEMENT
NZDUSD 15min sellNZDUSD shows some bearish momentum on 2H and 4H so I think it'll continue to drop at least within the earlier described consolidation range. My setup provides an entry on a 5min OB with a 1:1.2 R:R. NOTE: ALWAYS APPLY PROPER RISK MANAGEMENT AND NEVER RISK MORE THAN 2-4% OF YOUR EQUITY
Failed US100 setupHad posted this setup earlier but SL was hit though I had moved my SL lower. Still watching price action so that I can decide whether to close or hold
NZDUSD 2H bullish reentryNZDUSD still shows bullish momentum and has broken structure upwards on low timeframes. I believe that it has entered a consolidation range between 6288 and 6154 that we might take advantage of. My setup provides a 1:2 R:R bullish re-entry. NOTE: THIS SETUP DOES NOT GUARANTEE PRICE MOVEMENT. USE PROPER RISK MANAGEMENT
Sell possibility The price will continue with the original move (short) only if the current price goes up to fill the OB area then wait for its reactions with LTF to give us a possible sell signal in the lower time frames M1 to M5. And other reasons would be that the price will mostly reverse up and find an AOI for the central banks to find an area to put their orders in blocks as a potential sell. But its not yet valid let wait for the reaction
US100 1HFrom the setup I shared yesterday, Nasdaq obeyed our order block but price hasn't showed any bullish momentum. However, It has broken low time frame structure and created a new order block on 1H that we might use to take our buy chances. The setup holds up to 1:3 risk:reward. NOTE: PLEASE USE PROPER RISK MANAGEMENT AND NEVER RISK MORE THAN 2-4% OF YOUR EQUITY
US1OO 4HNasdaq created a bullish impulse last week breaking above 4H highs. It is currently moving downwards possibly as a retracement to fill the liquidity void to the 4H order block which might be a safe place to enter a buy order. If price obeys the order block it may rally to fill the gap at 1174 or go higher to fill the liquidity void to the previous point of market structure broken at around 1184. My setup offers from 1:7 to 1:2 risk:reward. NOTE:USE PROPER RISK MANAGEMENT.
NZDUSD 2HNZDUSD shows bullish momentum having broken above previous 4H highs. A place of the fib retracement on the bullish impulse gives us a demand liquidity zone at the 50% fib level which might be a safe zone to enter a buy yo previous high or to a previous 4H order block above the previous highs. My setup offers 1:2 to 1:4 risk:reward if price rallies to the mentioned above 4H order block. NOTE: APPLY PROPER RISK MANAGEMENT
My take on GoldGold shows a pause or stop in the bullish move on higher timeframes which might indicate that a retracement might begin. A look at the lower timeframes shows some bearish price action and one might take a risk on a short term sell. My setup gives a 1:2 risk:reward. Remember to ALWAYS consider risk management and don't risk more than 4% of your equity