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GBPJPY H4 As observed in the month, the price was strongly rising. Now, we notice the formation of weakness on this pair. It may be temporary. We may witness a free fall from these levels. We will divide the risk. The best environment areas, the 50% Fibonacci levels by 100, may be somewhat dangerous, so we will risk 0.50% in the first trade, which will have a profit of one on 3.25. However, if we sell above the 50% levels in the dollar, something? In girls, something? However, if we sell above the 50% Fibonacci levels, the probability of success will be very high. The profit ratio will be 1. /. 5. 1/2. Good luck.
Short
by Abdelmalak
3
Trading AUDUSD | Judas Swing Strategy 24/07/2024Last week concluded positively, with three trades taken and two big wins on EURUSD. This success has heightened our anticipation for the opportunities this week may present. We began our trading day at 8:25 EST by marking the zones for the Judas Swing strategy. This is a fundamental part of the checklist and cannot be skipped. The next step on the checklist is to wait for a sweep on either side of the zone, which will assist in establishing a bias for the trading session. After 25 minutes, the high of the zone was swept, indicating that we should look for potential selling opportunities during this trading session. Although we have a bias for the trading session, we do not rush into every selling opportunity. Instead, we wait for a Break of Structure (BOS) on the sell side. The price leg that establishes this BOS should leave behind a Fair Value Gap (FVG), and price must retrace into this FVG before we consider executing a trade using this strategy. The next five-minute candle entered the Fair Value Gap, indicating that we could execute our trade at the candle's close since we had met all the checklist criteria. After executing the trade, price remained in a deep drawdown, which can be unsettling for many traders who do not manage their risk adequately. Additionally, traders who do not backtest their trading strategy thoroughly often struggle to adhere to their plan in these situations. However, this was not an issue for us, as we were aware that our strategy has approximately a 50% win rate, indicating that losses are part of the process. Therefore, we only risked 1% of our trading account on the trade, aiming for a 2% return. Price eventually reversed and started moving in our intended direction. We remained unperturbed by the duration of the trade, as our strategy data indicates an average trade duration of 8 hours and 5 minutes. Now all we need to do is be patient and let the trade run. We patiently waited, and our persistence paid off when our target was finally reached, securing a 2% gain on the trade where we had risked 1%
by CleoFinance
Week of July 21 - NDX/YM/RUT/CL/BTC/Real Estate The past 2 weeks were what a lot of perma-bulls were citing as "market rotation" - when I honestly think it was nothing more than a short squeeze in small caps and on the Dow. This weeks post will be a lengthy one as I will cover many different asset classes - as it looks as though the market is setting up for a broad sell of. The Nasdaq came perfectly down into our decision zone - and now we need to wait to see what the next move is. From here - I could see NQ going either way - and it would make total sense. There might also be a more mechanical game being played here. If they can hold the NDX steady or bid - then they can dump the rest of the market - and the net carnage on the SPX will be somewhat muted. The DJI and the Small Cap Russel 2000 - both had some gnarly weekly reversal candles last week. The DJI and RUT both have very similar setups - so I will be covering the DJI, The Dow now has a really large weekly rejection block formed with that last weekly candle - and it looks like they still want to respect that weekly trendline. I still maintain that the DOL for the DJI is those yearly lows ~2500 pts lower Crude Oil rolled contracts to Sept last week - so it morphed the charts a little bit. From HERE - I want to see oil retrace to 77 - and then pop to take out the Sept Contract highs ~ 84.4 The 10yr continues its march lower - its a slow grind but its doing what we expect. When you have giant liquid instruments like the bond market or FX - things tend to move slow - but they are somewhat reliable. Bitcoin has now complete its full retrace on the weekly chart. From HERE - I want to see it drop to take out the June lows. Real Estate also has a chart similar to the small caps. I think we just saw a massive short squeeze occur - just in time for a broad based sell off across the market. Everyone and their dog is 100% on board with the David Hunter Melt-Up call , and I can see why. But I think this rally we saw in Small caps was more of a short covering squeeze, rather than a broadening of the market. Add to the fact that Japan is now openly and directly intervening in Yen markets - this puts massive pressure on the carry-trade. So here is the setup I am watching for this week; I want to see NQ pick a direction and show me confirmation via h4 structure. Half of me is bullish NDX just as it will be used as a mop to soak up capitol that is getting rinsed out of Small caps and the DJI. I Want to see The DJI and RUT continue to sell off I want to see Oil drop to 77 and respect it, providing an 8% bounce. IF we simply break down from here (and rightfully so - the global economy is weakening) - then we will see it via the weekly chart market structure shift. I want to see YM, Real Estate, Bitcoin, and Small caps start moving lower. I think this is the start of a nice market-wide correction Until next week - We'll be watching.
CME_MINI:NQU2024Short
by Baero-Trading
GOLD testing the hourly 200EMA @ 2420 || ICT levels includedI believe we will catch our next major bearish delivery from this $2420 mitigation. If we get any bearish activity in this range is is to be taken very serious as we push into the fib level resistance around 50%. We have just at current PA run the stops of any early bears and may be seeking higher stops to trigger anything leftover in the bearish continuation flow. The only thing that would change our bias bullish is seeing the print and subsequent retest of an hourly FVG array. Closing above thereafter would mean super high probability of catching multiple hours of expansion into buyside to absorb all of the low resistance liquidity resting at the highs on the way up (LRLR). You can see how we only have two primary imbalances. One in the buyside we are dealing with now after absorbing a mitigation at the previous break of structure We either expect some sort of sweep of a newly created high in this range to open up a flood of bearish continuation, or a massive bullish gap up to either deeply mitigate or run the high.
OANDA:XAUUSD
by HollywooodTrades
1
GBPUSD: Anticipating Bullish Momentum Towards Key ObjectivesGreetings Traders, Current Market Analysis: At the moment on GBPUSD, I am anticipating a bullish draw targeting key objectives. The primary focus is on the engineered trendline liquidity, followed by the Daily Fair Value Gap (FVG). Key Observations: Trendline Liquidity: The first objective is the engineered trendline liquidity, which is expected to contain a significant amount of buy stops. This area provides an opportunity to either scale out of positions or hold them to reach the next target. Daily Fair Value Gap (FVG): The second objective is the Daily FVG, which serves as a key area of interest for this bullish draw. Trading Strategy: Current Position: I am already in a buy position taken earlier. Potential Entry Point: There is another potential point of interest for considering long positions, as indicated on the chart above. This aligns with one of my entry models. NOTE: Please ensure to further investigate this information before making any trading decisions. NOTE: The possibility of price also taking out the sell stops before continuing higher. All of this needs to be consider in your trading, also the possibility of my bias being wrong. Therefore, further investigate this idea. Refer :https://www.tradingview.com/x/FUE5vKZd/ Target Levels: Engineered Trendline Liquidity: The primary target to observe for scaling out or holding positions. Daily Fair Value Gap (FVG): The secondary target, serving as a significant area for the bullish draw. Conclusion: By understanding the current bullish institutional order flow and identifying key liquidity zones, we can effectively anticipate and execute trades on GBPUSD. The engineered trendline liquidity and Daily FVG provide strategic targets, guiding our outlook towards continued bullish momentum. Happy Trading, The_Architect
Long
by The_Archi-tect
1
EURUSD WEEKLY BULLISH BREAKOUT, LTF BEARISH RETRACEMENT!!The weekly timeframe has a beautiful bullish break-out, meaning that we are overall Bullish. We have two weekly bullish FVGs - One in Premium at 1.08709 (We would not want to Buy on the basis of this FVG since it is in Premium) However we could have a LTF reaction. - Another beautiful FVG in discount at 1.08032 ( This is where we will be looking for timeframe alignment to go Long). Beautiful area to look for Longs!!! Before price reaches 1.08032, we will be looking for shorts to trade the retracement. Beautiful Week Ahead of us!!! Trade, Repeat!!!
by Kay_Master
Vechain/Usdt h4We notice that the price has finished 3 impulse waves and the wave structure is not complete and lacks a final fifth wave. Now the price is in the fourth corrective wave that may reach the 50 Fibonacci levels of wave 3 since the second wave reached 61.8 Fibonacci. I do not think that the fourth wave may extend more than 50 percent Fibonacci. Therefore, at the 0.028000 area, we may see a strong price explosion upwards and the first target is 0.035000 and by breaking it, we may continue to 0.039960. I wish you success.
Long
by Abdelmalak
GBPUSD: Anticipating Continued Bearish Momentum!Greetings Traders! Current Market Analysis: At present, I anticipate a continued sell-side draw on GBPUSD, targeting the daily fair value gap, which serves as today's draw on liquidity. This area also contains relatively equal lows, which are known to harbor a significant amount of sell stops. Key Observations: Trend Continuation: The trend has predominantly been bearish coming into today's price action. Therefore, we anticipate that bearish arrays will continue to maintain the bearish institutional order flow. H1 Bearish Order Block: One key array under observation is the H1 bearish order block. I expect this area to hold as a strong resistance zone, guiding the price towards our target area. Trading Strategy: Focus on Bearish Momentum: Given the current market structure, I am focusing on bearish momentum. The H1 bearish order block is anticipated to act as a significant resistance level, facilitating a move towards the daily fair value gap. Target Levels: Daily Fair Value Gap: The primary target is the daily fair value gap, identified as the current draw on liquidity. The presence of relatively equal lows in this area indicates a high concentration of sell stops, making it a strategic target. Conclusion: By understanding the prevailing bearish institutional order flow and identifying key resistance zones, we can effectively anticipate and execute trades on GBPUSD. The H1 bearish order block provides a strategic resistance level, supporting our outlook towards continued bearish momentum. Happy Trading, The_Architect
Short
by The_Archi-tect