🦋 🦇, Potential Double Top and BOS! GBPJPY - Potential Double Top on the HTF.
Daily is now bearish and i've just caught this Bat on the LTF that lands directly into an OB/imbalance that potentially needs mitigating before price drops.
(Theres also another one just above, very strong lands on the .886 of that daily zone) I will look to potentially scalp this long up-to these zones before taking any swings short.
Imbalance
Crab Forming 🦀US30 - After 2 successful entries yesterday price broke and a close below the DL, price broke structure and now has bearish momentum on the HTF/LTF so i'm only looking to go short.
Price is currently ranging, creating liquidity.
We have an imbalance zone with a refined OB from the last push yesterday, this is where I believe price will pull back to staying within the bearish range before continuing short to the Crab's D point.
(This is where I will look to take US30 short again if the highs are respected)
Whats your thoughts?
Shark 🦈 - Potential Retracement to Imbalance! USDJPY - Took a nice 60 pips from the drop yesterday and price also broke Daily structure to downside.
Now I'm wanting a retracement back up towards the imbalance so I can potentially take this short with the D point of the shark as the target.
Whats your thoughts?
2 Sharks 🦈 (Bearish to bullish)USDCHF - Price created a new weekly low at the .886 from the previous low.
Weekly PA is bullish so I expect price to reject from this zone and head towards the highs (Or at least the quaterpoint the red line).
We have a Daily shark pattern that completed right on the weekly low and we have a break in the lower TF bearish momentum.
We have a 1H BOS which is another indicator of a possible reversal, so I will wait for the price to return towards the D point/lows and then start looking to take this long.
Whats your thoughts?
Potential Bat Forming - Weekly Pullback? GBPNZD - Looking bullish on the lowest timeframes, potential bat forming here using the Daily highs/lows.
Price again broke the momentum trendline on the LTF, and we had a BOS on the LTF/HTF which created liquidity then price started trending bullish following the pattern of the bat, I will be looking to trade this CD leg based on the confluences and PA movement.
Let me know your thoughts?
Shark Almost CompleteEURUSD - In a weekly downtrend, price has now come close to the .886 on the weekly pullback (Also creating a shark pattern) Price could extend to 1.13 on the shark but as long as the daily closes back below were still good to go short here.
Now price is ranging creating liquidity, I'm waiting for one last liquidity hunt to the upside before potentially taking this short and the target will be the previous low for a swing and multiple entries for scalps.
Let me know your thoughts!
Potential Butterfly & Imbalance FillUSDCAD - Looking for price to pullback to fill the imbalance or hit one of of my other confirmations, I have 3 possible entries here that I will take if price pulls back, the safest one will be on the line of the D point of the butterfly, because the retracement is the deepest and it's close to the DL which is now trending up, ill take all 3 on LTF but for a swing you can take any of the entries and use a larger SL to cover the DL!
Whats your thoughts?
Potential Deep Crab GBPJPY - Potential deep crab forming, I will wait to see if price rejects from the daily low or breaks down to the crab D point!
I'm still overall bullish on this pair on the HTF I have a crab on the weekly projection, I would see this move as retracement > continuation.
Whats your thoughts?
Potential Retracement Before ContinuationEURUSD - Potential retracement following the shark pattern down to a previous strong OB and imbalance's that need to be filled before I'm looking to take EURUSD long again in the trend continuation!
Price may not complete the shark so I alerts pending in between just incase!