NZDJPY Wave 5 Completion Sell-OffThe NZDJPY on the 1-hour timeframe we have an impulse move on the downside direction. There is a base channel technique that can be incorporated to predict the end of the 4th wave pullback. The downside has more confluence on the 4th wave phase ( wave 4 touched the 38,2 fibonacci level and the base channel ).
Ict
GBPJPY Alternative Count Bearish BiasIn this video, we talk about GBPJPY which is showing an alternative count in the same direction which is bearish.
Count-1
We have a zig-zag correction pattern in the bearish direction and we are trading in a wave (C).
Count-2
We are in a series of 1-2's and we are trading in a wave 3 phase where we are looking at the wave 3 completion.
what count to agree with?
S&P500 Trading missedEven missed, we can learn that the price action trading are consistent and the theory and model behind the Fair Value gap are real indicating the algorithm are consistent with Time and Price. More backtesting and practice would again dictate the anticipation better. Have a good weekend all and Happy Hunting!!
Nasdaq100 weekly forecast and Daily Bias.Weekly Forecast.
Potential swing low forming @ 200 EMA zone
after a run on sell stops. 31% drop from all time high (average drop).
1.Price must not be lower than previous weeks low for a bullish
bias. Potential Head and shoulders on lower TF.
2. Price can potential run below EMA for buy orders.
D1 Bias
Price runs short term low and trades above it.
1. Creation of swing low confirms long
2. Target short term high 12600.0
Trade Idea for Feb 8 - AUDUSD & GBPCADAussie dollar has tap into H1 and has rejected aggressively and also creating another FVG which can be used as an entry going short. GBPCAD has rejected from a FVG and I'm looking to take an OTE going longs on the pair after yesterday's trendline liquidity was cleared.
CHFJPY - Multitimeframe AnalysisCJ is looking good for shorts. We have multiple confluences for it as explained in the video.
Summary:
Monthly Timeframe:
- Price has just run up higher filled in a Fair Value Gap perfectly. It seems to be reversing from here.
Weekly Timeframe:
- We have an unmitigated Orderblock. Since this orderblock was a "Sell to Buy", means that the selling positions from Smart Money are currently in extreme minus positions, and they will want to reprice lower to mitigate out of their minus positions.
Daily Timeframe:
- We are creating SMT Divergence with its correlated pair - EURJPY. This means that CHFJPY went higher to run out the buy stops and made higher highs, will EJ is creating lower highs. CJ will most likely distribute to then run lower.
- Price has just reacted off a Daily Bearish Breaker Block, which should push price lower.
- Huge Imbalance FVG Gap. Price will come back to fill it as fast as possible.
- Massive Consolidation. Below these consolidations, there are lots of sell stops that will get taken out.
H2 Timeframe:
- Potential Sell POI. Valid Orderblock + Breaker that also caused the last low to get broken to the downside (Break in Market Structure - BMS).
- We have a Bearish Trendline that has three beautiful touches. Everyone that already is in Shorts from the trendline will get liquidated at the next mitigation of the Trendline up into the OB + Breaker and sell off further from there.
Outlook of the Major Forex Pairs for 17-21 JanHello Folks!
This is my weekly outlook on the some major forex pairs that i trade most of the times.
Overall the USD looks like is gonna be strong for the next week while other pairs is gonna decrease against USD.
This is not financial advice, please DYOR before u take a trade.
Daily Recap Dec 30, 2021Hello Traders!
Today's Daily Recap Main Ideas
LTF SMT Divergent
- If Dxy makes a higher high xxx/usd pairs make a lower low.
- If Dxy makes a lower low xxx/usd pairs make a higher high.
If price does not follow these rules it will be a crack in code for the algorithm.
AUD/USD made a higher high but DXY Failed to make a lower low because it was heavy booked for Longs.
A.M.D
- Accumulation
- Manipulation
- Distribution
Asian Scalp Tutorial Hello Traders!
This is my favorite setup. My most traded setup. The only Intraday I enjoy trading.
Buy setup:
Look for short term lows formed in the New York Lunch Session. Once price purges the short term low, go long.
Aim for a short term high or clean high as a target.
Sell setup
Look for short term highs formed in the New York Lunch Session. Once price purges the short term high, go short.
Aim for a short term low or clean low as a target.
I have many examples and post, I will link a few because I have so many of them.
Do know this setup could possibly* provide 20-30 pips everyday.