Imbalance
Imbalance FillPrice has been induced with price action to build up liquidity and this move has taken out the lows and has filled in the previous imbalance from the last IFC.
Smart Money SHORT | NZDJPYLooking at NZDJPY we are currently in a daily POI and 4HR POI, on the 15min we have signs of bearish momentum kicking in with a break of structure.
Waiting now for price to pull back into the last area of demand on the 5min TF and see how price reacts
Any questions feel free to ask
Potential Shark + BOS We have a potential shark forming, price just broke structure and has an imbalance to fill from a previous IFC along with liquidity trapped at the X point.
The shark completes at .86 or 1.13 (.86 doesn't cover the in-balance) There will probably be a liquidity hunt if price reaches the X point and if so the 1.13 will be our target
However, we have potential volatile news dropping for the EUR in 1h 20, which could send the EUR either way so I'm going to wait until then before dropping the signal.
Limit OrderBullish price action along with potential Bat completion and Imbalance fill from the last IFC
Smart Money LONG | AUDCAD Looking at the structure we have formed at a Daily POI
With the descending kind of nature towards that level, we now have a break of major structure suggesting that price could be about to turn around and move to the upside.
Waiting for some sort of lower timeframe structure to form in order to get in on this position, so we shall have to wait and see how it plays out.
Any questions please feel free to ask in the comments or via a message
Thank you
Take Care
Ben
A fresh week and fresh PAGood morning traders!
Hope your weekend was good and your weekend reviews gave you insight into your trading last week.
Looking at todays PA I still think we need to wait for further development.
The large bullish move Friday left lots of imbalance behind and many unprotected orders.
On the Daily TF we have now broken the downtrend and have moved to a daily buy range, this signifies a return to bullish momentum in the market.
I will be waiting for further development before entering any trades.
As always Trade safe
EnvisionEJ.
NZDUSD SUPPLY ZONE (OB) 10 minPrice is looking to clear the liquidity above and to trigger the supply zone and come back down to clear the rest of the liquidity lying below (arrow with $s) just above imbalance that needs to be filled. If it doesn't hold then it is because the price wants to mitigate a past order block show at the level with the yellow line. The pink shaded area is a higher time frame supply zone (D).
BTC USD - currently neutral, overall longHello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Neutral for the short term. Long term, bullish, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Master Key for zones
Blue = Monthly
Purple = weekly
Red = 4 Days
Yellow = 16 Hours
Orange = Daily
Dark Green = 8 Hour
Grey = 4hour
Pink = 1 hour
Please see the previous chart idea to understand where price was heading
Monthly Imbalances
Here are the latest imbalances for Bitcoin, where the point of interest had offered a weekly candle close from the peak high of $64,823.XX to $51,997.XX. This is a huge imbalance where price has offered a large change of hands to a critical price inefficiency. Sellers are now in control and created a low with a heavy drop where the weekly shows the rapid selling. This is due to the buying imbalance now changing to provide efficiency based up on the pivot point.
Weekly Imbalances
On the weekly - price has now created a mid zone where the low of $28,200 zone, price has tested this but created upon the monthly - an opportunity of this low saw multiple retests - this offers a high opportunity for price to assess the direction. Price has now created multiple indecisions and a 50% to $41,300 offering a $13000 est range.
The upper zone between $64,7XX to $56,XXX has strong weekly selling. Reviewing the candlesticks shows a clear sell opportunity, but awaiting confirmations would be to see lower lows created and the retest of the candle. See below*
See what happened from our previous analysis -
From the $50,000, a trade hedge has been place to capture selling opportunities as price offered a opportunity to short term sell, but long term holding target - subject to pivot points.
Trade is now in full profit and if stopped out, no losses will be incurred
Here is the Daily, since the previous analysis - please ensure you read to understand why this was taken.
Overall, yes the market is in a bullish structure using the inception and three month chart, conversely price will always return to the imbalance - when? This is the question.
BTC USD
Bitcoin is still the overall leader within the movement of the Cryptocurrency world, and there is a large area of movement for price to close lower and lower into the territory where price will look to reverse at two options; highlight on the monthly zone.
See below for the analysis to show that imbalances repeat themselves.
The weekly has applications for lower lows, with a large amount of room to the imbalance to the downside. This is a fresh structural cycle - where price has and will move to this level.
BTC Line chart
Price has the opportunity to falsify a move to the upside.
BTC VS ETH USD
As the two largest cryptos are both here and where the correlation of smaller alternative coins - the market is in "euphoria mode" but to prevent losing out. Paying attention to the critical levels highlighted below will assist.
Where price breaks $2,000 on ETH "Rounded Psychological level", price will created a lower bearish channel formation - the opposite to
See the capitalization of the two correlated pairs with respect to Ethereum Based Link.
Key
Bitcoin - BTC - Blue
Ethereum - ETH - Purple
Link - LNK - White
See the secondary scale showing BTC price chart using the weekly to identify the zone to watch for.
Volume analysis
Using the Daily chart - Here shows the tight range of buyers and sellers by volume.
The largest zone has been heavy between the $38,000 to $32,000 range.
Current state, using volume analysis at the $50k
Previous 50k mark
Notice the same change of hands?
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Gold - Another Drop Incoming?Currently, we have had a strong impulse followed by a slow retracement. The Impulse took out a major Low, showing Sign of Weakness (SoW) as the level couldn't hold.
We also have an M - which is a bearish pattern where we can expect a bearish reaction at the mitigation block (MB).
Additionally, the market is in an Optimal Trade Entry (OTE), where we can expect lower prices.
Gold also just filled in the Fair value gap (FVG) that needed to be filled, and from here we can look at bearish pressure.
We also have imbalance to the downside that also wants to get filled.
Target? We have 3 perfectly equal lows, which is a goldmine for banks as retail traders have their orders here. And since it's GOLD, we all know gold loves to manipulate retail traders, so therefore I'm looking for a Sweep (Stop loss raid) below the line to take out retailers Stop losses, causing a so-called trapped market.
Confirmation Summary: M formation, Impulse & Correction, SoW, We are inside OTE, FVG just filled, Imbalance, 3 Perfectly Equal Lows (SSL).
Should the setup fail and gold starts moving higher, I'm looking at the level above the M formation where it says BSL @1833.43, and the nice equal highs @1903.77 higher up.
The last Setup I posted on gold here on tradingview was a great success, as from where I posted the analysis it went straight to the pip of my target, with a downfall of 2300 pips. Now, I'm currently already in a sell position from 1791.525, and the trade is running nicely in 5R profit with stops at breakeven. Continuing to hold...
This is just my perspective and idea, do your own research :)
USDJPY Harmonic pattern
BEARISH REVERSALS
Direction
Bearish.
Trigger
USDJPY SELL SETUP
- UJ is retesting structure support
- Price is building in a harmonic structure
- Price filled imb
- Structure predilection is pushing down
- We can expect the market to drop in order to complete the last leg of crab & gatley
- Sentiment - negative
- Momentum (bearish)
- Plan is to go Short on UJ
- Take the trade when your rules are fulfilled
A BEARISH MOVE is probable in this market.
GBP USD to continue bearish after corrective move?There is a good chance a move down could happen on this pair but will have to see how price reacts at the area of supply I have and also if using the daily chart as a main chart... will it move up to to the 50% of the previous drop?
Always react and never predict - if areas you have are violated then re draw and go again.
GBPCHF - Retracement then LongWe are currently inside a Discount Area, above a weekly bullish Orderblock and a daily Mitigation Block. A retracement should happen and it should test the mitigation block or Deeper into the Weekly bullish Orderblock. Targeting the Bearish Breaker (Our first PD Array), or the Weekly Orderblock area into Equilibrium. We also have a Liquidity Void (imbalance) to be targeted as extra confirmation.
This is just my perspective on the pair. Do your own research and good luck!
GBP/USD - Chart Mark Up -16th August 21Daily chart still showing a bullish market from what I'm looking at.
I would rather price dropped in to the lower 50% based off the Bullish Structure break and previous broken supply zone and give a rejection with the upper untouched Supply zone as a potential area for price to climb.
But I cannot predict and never will, I always react to what the chart is showing me and then trade based off that.
These are areas to keep note of when you're down in the Lower Timeframes taking trades.