USD JPY - Back on the move upG'day,
Master Key for zones
Black = Yearly
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Three, Four Day
Orange = Daily
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Below are some of the take aways from the video.
Daily Chart
Weekly chart
Monthly Chart
Let me know your thoughts and analysis. Each opinion is valid where research is conducted.
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Imbalance
Possible GBPJPY Short Levels -4HGBPJPY is showing possible bearish sentiment with recent price action. Price has reached HTF supply zones and is reacting bearish. Price is also making lower highs and lower lows on the LTF. There is a possibility that price may go fill the imbalances before making the real bearish move. This is just an analysis, Trade at your own risk. Watch for the bank manipulation before heading in it’s true direction.
Retracement short waveThe market currently created a double top on a strong daily imbalance or rather a fair value gap, market just filed the imbalance for efficiency and created a double top in daily followed by a triple top on 4h after breaking the lower high, I believe the market is heading back there to retrace and create a resist to support flip/break and retest and for after that it will continue its movement up as we are in an upward trend and the daily yesterday close has created a very strong bearish order block.
NASDAQ INVESTORS IDEA FOR LONGINGThe market is currently on an upward trend and failed to break the LL of the movement when it was retracing instead it went to break the HL of the previous minor downward trend which I consider to be the retracement wave as for now I'm expecting a retracement as a confirmation of an upcoming impulsive move that will shoot up high. In 2023 NasdaQ will break hights and create a new higher high price
GBPUSD: Daily Flows This demand should be a springboard for buyers.
Although I don't think the buy will go far, I think it will go far enough to lure in a large portion of the market before the huge liquidity zone sweep.
Once buyers are screwed over, we can look at joining the market makers with the true buy position.
Have a great trading week gang...
GBPJPY Weekly analysis idea. Last week price already touch Daily Supply & give a big move reaction to the downside. From now price more likely consolidation like waiting to do something. This behavior looks like will be manipulation. I just wait at level that I already markup for price coming first.
XAUUSD ImbalanceThe recent price action of gold has been intriguing to many market participants, with a sharp decline in prices followed by a relatively swift recovery. A closer look at the technical indicators reveals that gold has indeed bounced back from the Anchored Volume Weighted Moving Average (AVWMA) and is now poised to head towards a state of imbalance.
The AVWMA, a variant of the widely used Moving Average indicator, takes into account the trading volume of an asset while calculating its moving average. This makes it a useful tool for traders and analysts looking to gauge the strength of a trend. In the case of gold, the AVWMA has acted as a key support level, with prices bouncing back from it in recent sessions.
Looking ahead, one of the most important factors to consider is the state of imbalance in the market. Imbalance occurs when there is a disparity between the buy and sell orders, leading to a sharp move in prices. With gold prices now headed towards this state of imbalance, traders and analysts are closely watching for any signs of a breakout.
Overall, the technical analysis suggests that gold is currently in a bullish position, with several indicators pointing towards further upside potential. As always, it is important to keep a close eye on the market and stay up to date with any news or events that could impact gold prices.
GBPUSD Short Idea We've seen a predominantly bearish stance on GU these past few weeks. I'm looking two opportunities.
1. To buy towards the H4 IMB
2. To sell from the H4 IMB towards last week low.
The second position will be the larger position and I'm anticipating this to take place sometime today/tomorrow.
Potential RR on the short is 1:5 depending on entry.