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Fvg

USDJPY - Buy IdeaWe're currently in a discount market where we would like to see the market move away from. We have Sign of Strength when it took out previous highs, now coming down for a retracement. We have a Liquidity Void (Imbalance) for the market to move Up to fill. We have a Strong Orderblock that also took out previous lows, and the Orderblock has not yet been mitigated, making it even stronger. My Entry is at Equilibrium of the Orderblock. (Be cautious as we are in Summer Doldrums where markets may move very unpredictably, this trade may fail but it's a valid setup).
Long
by Bastianelton
USD/CAD - Movement Lower?Currently very overextended to the upside. We are testing a strong Orderblock in Premium that lines up perfectly with the OTE of the Fib taken from the Higher High. There are several imbalance levels that should get filled in. We have an un-manipulated Trendline that has lots of retail money on it, therefore we should see price reach there to manipulate this level. There's also a W formation on the H1 timeframe that the market should trace towards - the neckline (where it says "First Target". Should we reach through this level I'm expecting price to reach down into the Bullish Discount Orderblock that we should see a reaction happen within. As much as I don't like indicators, I use the RSI occasionally to find divergence / overbought / Oversold levels. Inside this bearish orderblock we are currently testing, we are very overbought, meaning that we should see price make a move down.
Short
by Bastianelton
2
Gold - Another Drop Incoming?Currently, we have had a strong impulse followed by a slow retracement. The Impulse took out a major Low, showing Sign of Weakness (SoW) as the level couldn't hold. We also have an M - which is a bearish pattern where we can expect a bearish reaction at the mitigation block (MB). Additionally, the market is in an Optimal Trade Entry (OTE), where we can expect lower prices. Gold also just filled in the Fair value gap (FVG) that needed to be filled, and from here we can look at bearish pressure. We also have imbalance to the downside that also wants to get filled. Target? We have 3 perfectly equal lows, which is a goldmine for banks as retail traders have their orders here. And since it's GOLD, we all know gold loves to manipulate retail traders, so therefore I'm looking for a Sweep (Stop loss raid) below the line to take out retailers Stop losses, causing a so-called trapped market. Confirmation Summary: M formation, Impulse & Correction, SoW, We are inside OTE, FVG just filled, Imbalance, 3 Perfectly Equal Lows (SSL). Should the setup fail and gold starts moving higher, I'm looking at the level above the M formation where it says BSL @1833.43, and the nice equal highs @1903.77 higher up. The last Setup I posted on gold here on tradingview was a great success, as from where I posted the analysis it went straight to the pip of my target, with a downfall of 2300 pips. Now, I'm currently already in a sell position from 1791.525, and the trade is running nicely in 5R profit with stops at breakeven. Continuing to hold... This is just my perspective and idea, do your own research :)
FOREXCOM:XAUUSDShort
by Bastianelton
4
EURUSD Possible Long-Term Downside ObjectivesSeen on the Monthly Timeframe, we see that we have created an M pattern in the past, where we retested a strong Bearish Orderblock before melting to the downside. Now we have created this SAME M Pattern, and currently testing a big Bearish Orderblock once again. The market tends to repeat itself. We also have lots of imbalances to fill, as well as possible mitigation of the Bullish Orderblock where we could potentially have a rejection up again, and Sell-side liquidity all the way down as a double bottom which the market loves to come to, take out all the liquidity and then possible reverse. We may have a long-term bearish bias for the EU. + The USD will go to sh*t ... Targets: - imbalances - Sell-Side Liquidity - Order block
Short
by Bastianelton
2
(NZD/USD) Potential Long Term Move Down V2An alternative situation - we have a very well-respected Trendline that has a high chance of getting manipulated. The green area marked above also has a lot of orders laying above so we could see those highs get taken out as well as mitigate a bit more of that Orderblock ¨ (From my previous post) This is a Daily Timeframe perspective. The Market has just tested a strong Bearish Ordeblockwhich is supposed to hold the market down. We also made a deceleration, going from a bullish market which is now a bearish market. The black lines that are drawn on the chart, is Sell Side Liquidity which are attractive targets where the majority of Orders lay in the market, The yellow areas are imbalances, where the market has moved too fast, creating inefficiency, so the market should fill a lot of these yellow areas. Another attractive area which the market wants to mitigate. The blue area marked up all the way down is a bullish Orderblock, which could be a potential reaction point. I don't know how far the market will drop, but I do expect a lot of these areas to get filled.
Short
by Bastianelton
1
(NZD/USD) Potential Long Term Move Down V1This is a Daily Timeframe perspective. The Market has just tested a strong Bearish Ordeblockwhich is supposed to hold the market down. We also made a deceleration, going from a bullish market which is now a bearish market. The black lines that are drawn on the chart, is Sell Side Liquidity which are attractive targets where the majority of Orders lay in the market, The yellow areas are imbalances, where the market has moved too fast, creating inefficiency, so the market should fill a lot of these yellow areas. Another attractive area which the market wants to mitigate. The blue area marked up all the way down is a bullish Orderblock, which could be a potential reaction point. I don't know how far the market will drop, but I do expect a lot of these areas to get filled.
Short
by Bastianelton
Major correction coming soon for Bitcoin?We see that Bitcoin is trading in a range since ~ 8 January. What is this chart showing? - There was a shift in Market Structure at the 10th off January - After this shift we saw the Lower-Low - I see Equal high's, those should get hunted (imo) (My) Conclusion: I placed my short order at 50% of the orderblock (blue). I think this could be a major turning point for Bitcoin. Price could easy visit $25000 region (FVG). Price could also drop lower to test broken levels that are (STILL!) untested. Thank you for checking my analysis! Do you have tips or other comments? Tell me please! I'm open for feedback!
Short
by stannieb
3