30min: You can see the back to back mitigation move at the supply zone. 1M: Harmonic extreme 3.618 extension shows that the price is highly overbought. Price seemed to bounce at the liquiduity area, but it couldn't to go further only to fail at 1.13 extension area with the clear divergence. 30k~12K is an area whre inefficiency has occured, so the...
We took profit and previous liquidity high, now become Break of structure. Look for a pullback into unmitigated demand areas for LONG.
Prices ranging between a supply and demand. Whichever fails will prevail and could be traded, therefore.. wait for the break out structure showing the demand FAILED then trade the supply that cause this reaction.
One the ways you could get involved on the H1 POI. If prices were to break structure, leaving behind a refined area, we could look for the buys into liquidity highs.
Prices broke out of structure, leaving behind a demand area for us to get involved. Look for confirmations on the LTF, otherwise... look to buy at demand.
As I have been warning for the past few days BTC has been throwing up bearish flags everywhere. We are straight down to first support - which is quite a strong one of the 200 DEMA although I think a small bounce here and the US online will sell and push down quite steeply. It should be an interesting weekend. If we lose this support at $38.5k then next stop...
Since the beginning of the year, we have seen Bitcoin far exceed the resistance of $ 30,000, something that was unlikely. Over the past few weeks several resistances have been broken, and following the same path, the same has happened in this one. This is due to the entry of different institutions taking advantage of the low volume and volatility of the...
It's pretty straight forward here, with a 3rd rejection imminent of a key level and psychological level (1), we can use this to our advantage by placing a sell-limit at the rejected daily price of 1 with tight stops. Using this technique may result in being stop hunted (as you see the second test spiked a 4th time), however the 3rd drive into the key level...
AUD/USD is at a monthly demand zone, there are numerous traps enticing retail traders to short. E.g. bouncing off the weekly trend line, and a so called area of resistance on the daily. COT data also shows banks are becoming slightly bullish and reducing short positions. A-la-la-la-le-LONG, ah-long-long-le-long-long-LONG! Don't short basically. Ps. Trade...
This could potentially turn into a stop hunt. As we see price created the illusion it was bouncing off support (see the blue arrow), and has now returned and broken below. 95% of retail traders are told to buy at support and sell at resistance.Guess where they are also told to place their stops? Right at the dollar sign. Liquidity the banks need to fill their...
Strong Bulls are always looking to buy. Strong Bears are always looking to sell. Weak Bulls and Weak Bears are usually indecisive and wait until its too late, entering at the worst possible time. In general, Strong Bulls sell to Weak Bears, and Strong Bears buy from Weak Bulls. When both Strong Bulls and Strong Bears sell (strong bulls to take profits, and strong...
Banks love to leave these sweet trails. Aud news @ 9:30 Est!!! trade with caution!!