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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.
S.O.P and M.O.P BreakdownHello Traders!
Here I break down S.O.P and M.O.P
Sunday Opening Price & Midnight Opening Price.
Bullish Conditions Weekly Range
- Buy below S.O.P
- Anticipate the Low of the week to form on Mon, Tue, or Wed.
- By Wednesday price should not return to S.O.P
Bearish Conditions Weekly Range
- Sell above S.O.P
- Anticipate the high of the week to form on Mon, Tue, or Wed.
- By Wednesday price should not return to S.O.P
Bullish Conditions Intraday
- Buy below M.O.P
- Anticipate the Low of the day to form in London Open
- By 12 PM NY EST price should not return to M.O.P
Bearish Condition Intraday
-Sell above M.O.P
- Anticipate the High of the day to form in London Open
- By 12 Pm NY EST price should not return to M.O.P
Study. Safe Trading. Merry Christmas
Daily Recap Dec 23, 2021Hello Traders!
Im happy to be able to show you the end result of that high probability scalp I was targeting.
If you trade the HTF you can avoid much of the noise and not even pay attention to LTF intraday.
I prefer not looking at the LTF and Intraday because I do not want to be a slave to the charts.
Main Idea:
Swing High Broken sets Algorithm into seeking higher prices.
Entry is between the Wick to Open on Small Body and more Wick Order Blocks.
Seasonal Tendency
IPDA HTF Liquidity Pools
Daily Recap Dec 22, 2021Hello Traders!
Here we are breaking down the DXY and XAU/USD
Main Idea:
Bullish conditions most likely form under M.O.P and Below the Asian Session Low.
Bearish conditions most likely form above M.O.P and Above the Asian Session High.
Accumulation, Manipulation, Distribution is what you witness in this video and in todays price action.
Does it happen everyday? No.
Every trading day is not a trading day.
XAU/USD London Close TradeHello Traders!
Currently Gold has reached a HTF Bullish Order Block and also a HTF BISI or FVG.
Since this is occurring on the Daily Timeframe we should anticipate higher probability.
You will see I was waiting for the 5m to give us a LTF Bullish Order Block.
We are getting in on the 5m to reduce the risk we have to take on the HTF.
We want specific price points not random zones or areas.
Random zones or areas sounds like gambling, and I don't gamble.