GBPUSD LONG PENDINGThis is an analysis of GBPUSD that shows a promising BUY setup. From where price is, there is a lot of sellside liquidity because of the equal swing lows. That liquidity needs to be purged giving us a chance to reach the Bullish ORDERBLOCK which offers market makers a discount price since it is at 61.8 of the Fibonacci sequence. This move should occur during New York session 16 NOV 2021.
Imbalance
Potential 🦀USD/CHF - Potential Crab Pattern Forming on LTF, HTF we have a double bottom forming (Not confirmed until we get a neckline break so right now i'm analyzing price based on LTF price action/structure.
We have a lot of imbalance left over from the weekly pushes and the D point lands on a strong OB (Which will potentially make a nice sell too whilst also covering previous imbalances and will take out trapped liquidity)
I expect to drop towards the 1.23285 level before rising to then break the DH.
let me know your thoughts!
EURUSD 4 hour breakdownEURUSD 4 hour expectational order flow still intact and still bearish.
I did think price was going to grab the liquidity at 1.6200 before tuesday/wedensday bearish impulse, but its a good lesson of just because you know where the liquidity is, it doesn't mean you know when the market is going to take it.
But yes we reacted to the 4 hour order block and broke structure nicely leaving some imbalanced price. we are now sat at an daily order block which we could see a reaction from taking price back into discount market.
again the new 4 hour structure and order block at 1.5900 will be vital in holding structure.
probably won't try and trade Monday and just let price develop and see if we are going to continue straight bearish or retrace into the range.
let the market make its mind up and follow the money
XAUUSD Trade IdeaGold continues to be bullish, showing no signs of weakness, with significant breaks of structure to the upside. I anticipate the bullish momentum will continue up to the D1 POI, (Weekly High) denoted on the chart. After that I anticipate full bearish momentum. Will be looking for buys up the POI.
NZDJPY Long Entry IdeaPer myfxbook, retail is 78% short on NZDJPY, making me bullish. On the 1D, higher highs and higher lows have been made, giving me no reason to go bearish. There's also divergence between price and Cumulative Delta Volume (CDV). CDV has trended up short term, while price had trended down. Suggesting a weak sell. Price has seemed to find support right around 80.00, a nice whole number price. However, right below price is a large 4h imbalance inside of a 1D imbalance, where 50% of each imbalance lies right around 79.50, a nice half level. This area is also around the 50% retracement of the recent bull run if you apply a fib. My TP1 is the 4h imbalance that hasn't been filled, which is right around 81.5, another half level. Since this imbalance didn't break the previous short term market structure, I think price is likely to surpass this imbalance. Hence, my TP2 is targeting last month's highs at 82.5, another half level. A triple top formed right below last month's highs, providing liquidity for price to go to last month's highs, making it a likely target in my opinion.
CADJPY Long Entry IdeaPer myfxbook, retail is 68% short on CADJPY, making me short to mid term bullish. There are also more short term inefficiencies in CADJPY to the long side than the short side. Price has formed support right above the 50% mark of a 1D bullish imbalance, making me even more bullish. Looking for entry at the 50% mark of the 1D, and an ultimate TP at a major 1h imbalance. Plenty of places to trim along the way. Notice how the orderblocks and imbalances I marked up either start at, or have 50% levels around whole 25 pip values (quarters theory)
EURUSD Shorts EURUSD has just Liquidated previous lows. Usually when this happens, we should see a test of this area before moving lower. Right now, EURUSD is testing a LTF Bullish OB which should make EURUSD go up to our Short entry.
I see price reaching the SSL and to fill the Daily FVG Imbalance below. I dont see price reaching up any higher than the highest high it took out (marked with "x") before dropping.
Daily 🦈 Almost CompleteGBPNZD - Daily Shark almost complete on key level, i'll be keeping an eye for rejection at the D point, could be a nice swing long with the right confirmation.
He have a lot of imbalance to fill from the heavy down moves over the past couple of weeks!
Let me know your thoughts!
Weekly Shark Complete 🦈GOLD - Shark completed (.886) between the weekly high and low, this could be a high probable short as the weekly is also on a downtrend, I will be looking for reversal confirmation on LTF to swing this potentially to break the Weekly Lows. (We also have a lot of trapped liquidity and imbalance below) DXY is also bullish!
Let me know your thoughts!
🦈 Inside 🦈 XAUSD - I took a very nice entry on Gold yesterday using the DL, PA, HTF shark with LTF confirmation for entry.
Now we have a nice looking PRZ (Using OB, imbalance fill and shark C leg) for a potential pullback before continuation.
I will wait for price to hit this zone on the LTF then enter if I get BOS and retest confirmation.
Let me know your thoughts!
Potential 🦈 Retracement 📈GBP/CAD - Potential shark, Daily retracement (Use risk management), trading away from the Daily low using price action, we've had multiple BOS, bullish momentum and have trapped liquidity above.
First target would be the liquidity levels then the .618 then the .886 if the pattern completes.