GBPUSD - Liquidity TrapStill looking at a trap for Liquidity on Cable going into this week.
There are some nice lows that I'm looking for failure around providing a high probability move to the upside (targeting the FTA - First Trouble Area).
Why do I trade these liquidity traps?
Reason 1 - Because when price breaks structure, the breakout traders have their pending orders (Sell/Buy Stops) activated to which the institutional players will trap by failing the break and pulling price back slightly to close above/below previous structure, invalidating the breakout traders ideas so they will either hit stop or pull out of their order due to fear or rules.
Reason 2 - Because any retail traders who are currently still holding positions usually have their stops placed beyond structure/swing points creating a mass of orders. If you're not aware if you're short the market you have to buy back your position and if you're long the market you have to sell back your position.
For both of these reasons this creates a high volume area of transactions in the market creating high liquidity. If you study what the big players do at these areas, watch your strike rate grow!
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Institutional_trading
Gold - Institutional Long & ShortOANDA:XAUUSD
Trade Ideas - 💡
In the 30min time frame I have identified some a couple of opportunities that follow the bias highlighted on the daily, I have not set limit orders for but will wait until price action enters these areas. There is liquidity around 1860.50 which seems ideal for the market to sweep before heading higher on the weakness of the dollar, I have two entry opportunities depending on how far the market moves in the bearish direction to complete the liquidity sweep. I have also got a sell at the 1920 level which is just above 50% of a 5m BTS candle and on the 61.8% level of the Fib which are good confluences for a sell to finally take the liquidity resting at the 1852 level.
Let me know your thoughts?
Gold - Institutional BuyOANDA:XAUUSD
Trade Idea 💡
Gold has broken bearish structure on the 1hr TF, Looking for a buy at the mitigation o the last 1hr Sell to Buy candle before more bullish momentum to the last But to sell manipulation which also sits in an are of market imbalance.
Let me know your thoughts?
Gold - Longterm Institutional SellOANDA:XAUUSD
Analysis & Trade Idea 💡
On the daily timeframe Gold seems to be in overall distribution from August the 10th after the market reached all-time highs. Key supply (support) and demand (resistance) zones have been highlighted in green and red respectively, it is worth noting that gold respects whole levels as points of entry for the sell as these correlate with demand (resistance) zones. The key point of interest on the daily timeframe is the daily buy to sell Institutional Candle, a potential swing trade has been highlighted which incorporates the 1950 whole level, this is also within the 78.6% discounted price range of the Fibonacci, in addition, the market will be able to sweep the liquidity created at the 1930 whole level given the market movers motivation to reach this POI., for this reason, I have a short term bullish bias before a sell-off initiating from this level, this would also fulfill the UTAD (Upthrust after distribution) of the redistribution schematic which started to form at the beginning of October and the LSPY (Last point of Supply) in the distribution schematic that started to form after the all-time highs were established in August.
Let me know your thoughts?
GBPUSD NEXT SESSION IDEAS (Long)Hello Snipers, im back once again with a potential setup. Today's trading session was good as i listened to my ideas for once and did not hesitate so im happy about that. Hope you all entered the trading week on a positive momentum. But anyways, lets get into the setup. So currently as we can see, the current trend on a bigger time frame is upwards, so we are going to be favoring buys over sells.
In this instance if we are looking for a long position, we want to wait for price to hit the upper resistance that i have marked (somewhere in the 680's) and based on PRICE ACTION, we will wait for either a rejection at this level, or if the bulls have enough power, we want a break AND a retest unless the bullish braking candle is strong enough to push price high enough to where we have confidence for entry on a buy. Remember to use proper risk management and have a MENTAL stop in place. Please use patience and dont rush the chart.
If we want to short, we can wait to see if we have a rejection at the resistance and if we do we can be safe in shorting to the lower support and further waiting for price action to tell us of the next move.
Pretty simple setup today, or rather next session. Trade safe, TRADE PRECISE, STAY SCOPED SNIPERS!!
CADJPY |End of the retracement|HI, THIS IS MY POINT OF VIEW ON CADJPY.
BEFORE THINKING OF ANY ENTRIES OPPORTUNITY, I WILL WAIT TO SEE THE H1 DEMAND ZONE BEING TAKEN OUT. AS OF RIGHT NOW, THE ORIGIN OF THIS BULLISH MOVE IS the ONLY ZONE THAT I WOULD ENTER. WE ALSO HAVE A BEARISH DIVERGENCE, THAT'S WHY I AM THINKING OF SHORTING IT IN A NEAR FUTURE.
BE AWARE OF THE THREE EQUAL HIGHS, WE WILL PROBABLY SEE A STOP HUNT BEFORE THE MOVE TO THE DOWNSIDE