EUR/USD shorts to take key levels of liquidity belowI am expecting EUR/USD shorts this week as the Euro tends to align with the pound. overall from my HTF analysis the euro is bearish but we can expect price to retrace in order to further push down.
However, this week we see one of two options, price either pushing up to take the ASH created from market open before continuing in the downtrend from the 45min supply.
The second option price will push up to the 4h supply, validating the 2h demand that lays below ensuring price pushes up which will be it's HTF retracement before price overall comes to the downside.
we will see how price plays out this week from market open and its intentions will become slightly clearer on Monday and we will then better understand if price is ready to make its retracement or price wishes to continue down further.
Htfanalysis
XAU sells to push lower?We have surprisingly been seeing a steady ongoing short of Gold over the past weeks and anticipate it to continue pushing lower to the downside. We have two scenarios that could play out this week:
Scenario A being price pushes down taking the ASL from last week and reacting from the daily demand zone to push up. However, I don't believe that this will have gold pushing past the previous high but rather grabbing liquidity in order to continue in it's downtrend.
Scenario B we see market open price may validate the CHOCH to the downside before taking the ASH and the consolidation that's created pools of liquidity to both the upside and the downside and reacting from the 3H supply zone and continue melting taking liquidity from below that has been building up over the past months.
NZD/USD Insight: High-Probability Targets for the Week AheadAnalysis:
From the HTF Weekly Chart, NZD/USD highlights critical price action after a long-term sell-side liquidity raid at the equal lows. A recent bullish candle close above the last down candle and the swept lows suggests potential upward momentum, confirming a likely retracement or continuation higher.
Key Levels to Watch:
Immediate Target:
- Buyside liquidity at 0.60364 (minimum target).
Potential Reversal Zones:
- Bearish breaker at 0.61600, reinforced by a Fair Value Gap (FVG) at 0.61077, making this
breaker a high-probability resistance zone.
Downside Potential:
- If price reacts at the bearish breaker, anticipate a move lower targeting sell-side liquidity at
0.57720, which aligns with the higher timeframe structure.
Price dynamics will heavily depend on how price reacts to intermediate levels, particularly the bearish breaker and its confluence with the FVG.
Conclusion:
- Short-term: Expect price to reach 0.60364.
- Medium-term: A reaction at 0.61600 could lead to a reversal targeting 0.57720.
- Always trade with confirmation at these key zones.
Understanding ICT Bullish Mitigation BlockA Bullish ICT Mitigation Block is a concept from Inner Circle Trader (ICT) methodology.
It forms at the end of a bearish trend when the price reaches a strong bullish institutional reference point, such as a bullish order block or breaker block.
Formation: It occurs when the price fails to create a lower low in a bearish trend and instead reverses to shift the market structure to the bullish side.
Identification: Look for a price level where the market attempted to break lower but was halted by significant buying pressure.
Trading Implications: This area can serve as a strong demand level, from which the price can rally further stronger because of short traders exit and long traders enter at the same area.
Multi Time Frame Analysis:
Higher Time Frame - H4
Lower Time Frame - M15
Institutional Framework:
Price Expansion (MMXM Buy Model)
Institutional Reference Points:
Bullish Mitigation
Sell Side Liquidity (SSL)
DXY: High-Probability Retracement SetupThe DXY has been forming higher highs, signaling bullish momentum. Currently, the market appears to be making a short-term retracement into a daily bullish order block (OB) at 105.174, which aligns with a high-probability setup, further supported by a fair value gap (FVG) just above it.
Confirmation of this retracement transitioning into expansion will occur if a daily candle taps into the OB and closes above the PD array. If this scenario unfolds, the next target is the buy-side liquidity (BSL) at 108.060, marking a significant level for potential upside momentum.
Keep an eye on the daily closures for validation, and always align entries with confluences for optimal risk management.
SP500 1D | PlanThe reaction and closes of the price in the current area are very important. A close above the 200 EMA and DO within a few days is crucial. If the price fails to recapture the dark blue box as I indicated, I expect to see the price action, brush movement I have drawn below. The area of the purple box where MO and pMO are located will be the target.
Happy Trading
long idea on $HFTHaving followed this coin for more than 120 days, the dynamics are weak, but the minimum we set for my birthday will not be updated (in my opinion, with a higher probability), the local picture is weak and the global one is similar to the accumulation of the asset.
Since they have already given a correction from $0.44 (more than 30%), I think this is a good opportunity to take a closer look at new positions. This coin has quite high risks, but the ratio of 1 to 10 is generally not bad
This Completing Transformed My Trading (RESPECT & DISRESPECT)The idea of RESPECT and DISRESPECT completely transformed my ability to effectively read price action and trade profitably.
ICT teaches about Premium/Discount (PD) Arrays. There is a lot of bickering and debate as to which of these PD Arrays are better.
I'm here to build a case for the idea that they are all equally effective, and are just reference points on a chart to build a trade idea around.
To me, it boils down to: Which levels are being RESPECTED or DISRESPECTED?
That's it for me, that's what made it all click. That is what helped me stop worrying about every little level on the chart.
Once you have a high time frame (HTF) narrative and draw on liquidity (DOL), you know which PD arrays you want to see respected and disrespected. Coming up with your HTF Narrative is also based around what levels are being RESPECTED or DISRESPECTED.
I hope this video can give you an a-ha moment like it did for me.
$TSLA MMBM; weekly looks ready to sweep 270 and 300 by eoy. NFASTDVs and HTF levels are pointing towards a move higher, especially with bullish indices. This name can see $270 and $300 very soon. I have another video on the same name on my account from $230 doing top-down analysis from weekly to H4. Volatile name and offers nice enteries, watch for daily and H4 FVGs and OBs.
Exploring GBPCAD's Current Markdown PhaseTraders, pay close attention! The GBPCAD pair is currently showing clear signs of entering the markdown phase within a distribution pattern. 🇬🇧🇨🇦
In the context of the Wyckoff distribution, the markdown phase is a crucial stage where the price undergoes a controlled decline after prolonged accumulation. This phase often signifies a shift in market sentiment from bullish to bearish.
Observing the GBPCAD chart, you'll notice a gradual downtrend in prices with intermittent consolidations. This price action suggests that smart money, which accumulated positions during the accumulation phase, is now distributing their holdings.
Key indicators, such as decreasing trading volumes and consistent lower highs, align with this markdown narrative. Traders should be cautious of potential breakdowns below key support levels as they can accelerate the markdown process.
It's essential to stay vigilant during this phase. Smart traders may consider shorting opportunities, while others might tighten stop-loss orders on existing long positions. Remember, successful trading is about adaptability and reading the market's language.
Stay tuned for further insights and updates on GBPCAD as we navigate this intriguing markdown phase. 🚀📉 #TradingAnalysis #GBPCAD #MarkdownPhase #MarketInsights
Thursday BTC Analysis (07/20/2023) - Weekly BTC Analysis Welcome to the first episode of our weekly BTC analysis, where we carefully examine the market to identify the most likely setup that could unfold.
Over the past few weeks, the market has been confined within a tight range, with prices fluctuating between 31,500 and 29,500. Despite several attempts to break out on both the upside and downside, none have been successful so far.
Currently, the recent price action seems to be tilting towards a potential breakdown rather than a breakout to the upside. This observation raises caution as the lack of significant positive momentum, despite positive news and uptrending traditional markets, suggests that BTC might face downward pressure.
Notably, even amidst positive developments in other markets, BTC has remained sideways throughout this period. If these events fail to push the price higher, there is an increasing likelihood of a downward move towards the 28,000 mark.
Additionally, we need to consider the impact of options expiring on Friday, which has tended to be bearish three out of the last four weeks. As we are already at the bottom of the range and the increased volume from these expirations may contribute to a potential slide down towards 28,000. If the options give a lot of selling pressure.
Thank you for taking the time to read our analysis, and we look forward to sharing more market updates and trade ideas in our upcoming episodes. Don't forget to follow us for regular insights and updates!
HTF XAUUSD Idea I Would Entertain Hello Traders,
High Time Frame OANDA:XAUUSD analysis/idea i would entertain.
Narrative:
1) HTF ICT market maker buy model to sell model. Anticipating the beginning of the new "Buy-Side" of the Curve.
2) HTF Relative Equal Highs Liquidity Pool @2070.00 (HTF Draw On Liquidity)
3) Price traded into discount range.
4) Price showings signs of reversal at HTF discount PD array
5) Price showing signs of reversal (Previous daily highs being traded through).
6) July - August gold metal seasonal tendency is Bullish.
7) ICT SMT divergence between XAUUSD & XAGUSD.
HTF - High Time Frame
USD/JPY Potential Forecast|HTF Analysis| Tuesday 6 June 2023Hi everyone!
- on USD/JPY we have nice demand zone under price,
-Generally on USD/JPY price make a huge move to the top side in the last month.
-If you are planing to enter on demand zone use confirmations.
-I hope you all will have a good trading week.
HTF - GOLD - HAS LOST ITS SHINE?My analysis today deals with how the further course of our most popular precious metal "GOLD / XAU" could look like.
For this I have carried out a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month - week - day) and thus makes the big picture visible.
Normally, all time units below "1h" are called noise, but even a - 1h-4h - analysis is of no use to you, if the knowledge about the big and whole is missing.
> We traders know that nobody can predict the future, and that's exactly why you have to be prepared for all initial situations.
> If the DXY should rise again, it means "BLOOD" for the traditional and crypto markets.
> This creates dangers, but also opportunities - it is important to look at the big picture.
> I have explained in detail which levels are RELEVANT in the following pages. .
table of contents
1st part = INTRODUCTION
2nd part = TECHNICAL ANALYSIS
= Monthly - Time frame
= Weekly - Time frame
= Dayly - Time frame
3rd part = CONCLUSION
PART ONE
"INTRODUCTION"
After "XAU/USD" formed a double top between 2020-2022, a strong sell-off has been unleashed thereafter.
> This sell-off paused in October this year to test the strength of it.
> With a subsequent bullish monthly candle, many retail investors now feel on the safe side that new highs will be reached.
> Here I do not want to take away the joy, but the big picture does not suggest anything like that.
> Once you look at the DXY (USD index) on the higher timeframes, the following sell-off in gold is "indirectly" confirmed.
(My DXY analysis is linked below this post, for confirmation purposes.)
GOLD SAFE HARBOUR .
If you follow popular wisdom, GOLD is classified as a safe and reliable haven.
SPEAKING LIKE ...
> "All that glitters is not gold."
> "Talk is silver, silence is gold."
> "Much gold, much future."
That, the precious metal gold got such a high value awarded - HAD - its reasons.
> Inflation protection and security - are definitely the two most associated words with this precious metal.
Unfortunately, at the latest, since the year 2021, this no longer seems to apply.
> If one compares the loss of inflation and the gain in value of gold, a significant gap can be seen, at which there can no longer be any talk of "inflation compensation".
> Gold will therefore no longer live up to its reputation and a rethinking of its value will have to take place in the future.
SECOND PART
TECHNICAL ANALYSIS
For the analysis of the higher time levels, I proceed according to the onion-skin principle.
> MONTH - level > WEEK - level > DAY - level
These are divided into
> SUMMARY > CHARTS
The charts are presented in logarithmic scaling, as the given information can be visually presented in a more harmonious way.
1st MONTH – Time frame
SUMMARY
The trend channel plotted on the chart formed in March|2007 and has since maintained its position as a legitimate trend channel. Its mid-trend line showed reactions when confronted and was respected by the market.
> Price is in the area below the mean line and had last touched the channel in 2018.
> September|2020 the price ran into the mid-line but was not strong enough. This becomes very clear when looking at the moving away middle line despite the "double top".
> The trend arc is another resistance, which should be taken into account for a future downward movement.
If we go into more detail about the "SUPPLY & DEMAND" zones, you can look at two zones in the chart.
> The "SUPPLY" zone is VERY STRONG because it is a RBD (Rally Base Drop).
> The "DEMAND" zone is VERY WEAK, as it is a DBD (Drop-Base-Drop).
> If we get another rise in the DXY, the drawn "DEMAND" zone will break and the sell-off will continue.
The Fibonacci retracements should serve us as additional confirmation, and have been proved in past moves (last decades) .
> Should the price rise even further, FIB (1) will serve as a Strong Resistance Zone, although the "FIB Zone = 0.75-0.88 - is the Strongest Resistance. (1)
> If the sell-off continues, FIB (2) cannot do much in the monthly chart, but if necessary there will be a reaction on the "smaller" time levels.
> The FIB (3) = 1.618 level, will resemble a large magnet and in combination with the FIB (4), will trigger a large resistance reaction in the market.
Past highs and lows usually serve as resistance / support, of which we have three.
> HIGH | 08/20 - Already showed a reaction (double top).
> HIGH | 09/11 - Point of Control
> LOW | 03/21 - Broken and recaptured
Points and levels of interest are in front of us, which have played a strong role for the market since 2011 .
> The most significant resistance, represents the plotted - POI (1800 USD), which is still contested at the time of this analysis.
> The other POIs have non-negligible resistance and support characteristics and should be kept in mind.
CHARTS
XAU - Overall picture
XAU - Trend lines
XAU - Supply & Demand ZONES + Market Structure Break
XAU - Fibonacci
XAU - POI
ATTENTION
In the following time levels, I will only deal with the NEW, added elements. .
2nd WEEK – Time frame
SUMMARY
In addition to the already mentioned trend channel, now three more become visible, which may have escaped the one or the other.
> The "Purple" trend channel formed at the same time as its big brother (monthly channel) and thus represents a major significance for the market.
We are at the middle line of the channel and the market seems to have used it as support.
> The "Turquoise" trend channel accompanies us since the last high and has a big say with its many interactions.
My guess is that its resistance line will decide whether the sell-off will continue or be broken with confirmation.
> The "Earth-colored" trend channel is a small sideways accumulation and accompanies us in this area.
Currently, the price has fought its way back into the channel, confirmed it and is now targeting the top of the sideways channel.
> The "Orange colored" trend line , has been respected since 2018, 07|2022 broken.
The price suggests that the trend line is approaching for a final retest.
The additional "SUPPLY & DEMAND" zones join the two existing ones and remain untouched.
As additional Fibonacci additions, we have:
> The 0.88 FIB (1), combined with the levels from the FIB (2). This represents with the 0.88 levels from FIB (2) - two very relevant resistance ranges.
> FIB (3) is only valid if the price does not rise further and therefore the input values do not change. Should this be the case, the 0.786 + 0.88 area is the most important to watch out for.
CHARTS
XAU - Overall picture
XAU - Overall picture + Month
XAU - Trend Channels + Trend Lines
XAU - Supply & Demand ZONES
XAU - Fibonacci
ATTENTION
In the following time levels, I will only deal with the NEW, added elements. .
3rd DAY – Time frame
SUMMARY
The chart shows a falling triangle which has been broken .
> As a result, the price has confirmed this break, with a close at the break point.
> At this time level, there will be a sell-off, especially if the DXY rises.
To give a little comment on the "Supply & Demand" zones:
> The upper two "SUPPLY" zones are definitely very strong. 1800 + 1980.
> The bottom "DEMAND" zone is very strong, as it is a DBR (Drop-Base-Rally) zone. (ca. 1640 - ca. 1615)
> The "DEMAND" zones in between are incidental, will trigger small reactions on the lower time frames, but nothing significant. (ca. 1760 - ca. 1660)
CHARTS
XAU - Overall picture + Month + Week
XAU - Supply & Demand ZONES + Trend Lines
THIRD PART
CONCLUSION
"The central banks, themselves, are behind the gold price manipulation. What should you get out of it?"
Run this question through your head and let me know in the comments what you think is more likely.
> Another sell-off or a positive gold price for now?
In summary, based on technical analysis, there are a few reasons for a weak GOLD price .
> If you look at the area between 1,950 USD - 1,840 USD, it almost seems like an arm guarding the upper levels.
> To bring down this defense, I think, needs more momentum than what we have and are getting right now. (Christmas, New Year, Chinese New Year)
For this reason, I expect a weak gold rate and a strong USD, and an accompanying bloodbath in the traditional and crypto markets.
> Positioning after confirmation of this thesis = SHORT .
If this idea and explanation has added value to you, I would be very happy to receive an evaluation of the idea.
Thank you and happy trading!
Double top H4 GBPJPYAs you can see a double top formed on a 4H TF
We have to wait and see if price resists or break above the A.O.I "Area Of Interest".
Scenario 1
If price breaks above the "A.O.I" level the double top pattern is invalid and price could form a Triple top
Scenario 2
If price resist the "A.O.I" level then we have to wait for price to reach the neckline for a clear Sell position
NQ- HAS SCOPE TO XYZMTF Long leading into a long term short position
extreme link to BTC can see something almost exact to match
Has scope to be various ew counts and the main 2 both have scope to hit the desired zone with multiple confluence's
Would make sense in terms of seasonal pivot timing and line up nicely on multiple fib time pulls.
also i can the inverse movements within the DXY and falls in line.
could go deeper but i have moves on es and ym that would also corelate
Having said all of the above my secondary idea see's at at resistance currently with a small push to the upside with a pivot being placed and seeing us attack and the high time frame lows to form a true bottom and very first stages of a new bull run this year.
expectation of a very sideways first wave for a prolonged period that is difficult to enter with confidence then a very deep wave 2 that stops the feint hearted long term positions
followed by an extreme wave 2 that climbs beyond all expectations
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