Goldbach levels explained The algorithm uses the following equation
3x3 =9
9x3 =27
27x3=81
81x3=243
243x3=729
729x3=2187
And so on…
These are our power of 3 numbers we want to keep in mind.
When we get the final result, charts will move 3,9,27,81,243,729 pips..or points or dollars at a time.
It employs goldbach levels using (po3) dealing ranges and completes objectives along each (DR) from low to high and back .
Why don’t your fair value gap or order fail to work sometimes but not always?
The dealing range you see has labels- each of icts pd arrays form and work specifically inside of the right level. Order block forms in ob
Fvg forms on fv
Liquidity voids ( long insane runs / candles) start from the lv levels ONLY.
breakers form in br
Mitigation block is mb
Rb is rejection block
If you are a Fvg or order block trader you need to understand this. The algorithm will only form the correct structure in the correct area…again like all ict concepts, it is completely fractal in nature.
Each po3 number has It’s own dealing range and smaller ones (3,9,27) all work inside of the higher ones (81,243,729)
From high to low is just these numbers in amount of pips ..
27 dr (dealing range) is 27 pips and so on, they are made up of a premium and discount also
Buy in a discount, sell in a premium..ya once 0.5 is a premium market
Since I’m on the daily using more time to swing, I’m using a 243 and 729 dealing range.
We are bearish. The algorithm is perfect.you have to open your mind to see what’s really happening…..
Liquidity
EURUSD 14 Feb 2024 W7 - Intraday Analysis - EU GDPThis is my Intraday analysis on EURUSD for 14 Feb 2024 W7 based on Smart Money Concept (SMC) which includes the following Time Frames:
Daily
4H
15m
Daily Chart Analysis
1.
Swing Bearish
INT Bearish
2.
Within the Bearish Swing we are currently in the Swing pullback reached the Swing extreme area and mitigated a Weekly Supply zone (But didn't reach the Daily Supply) and started the INT Structure Pullback after the Bullish iBOS.
For the Bearish Swing to continue bearish, we want to see a Bearish iBOS to confirm that the Swing Pullback is over and we are in the Swing Continuation to target the Weak Swing Low.
Price confirmed a Bearish iBOS yesterday and this signals the Swing continuation phase.
3.
After the iBOS we expect a Pullback.
Price is currently within the Daily demand on the left which is partially mitigated and approaching a Weekly Demand Zone which could provide reaction to facilitate the Bearish INT Structure Pullback.
4.
Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
1.
Swing Bearish
INT Bearish
OF Bearish
2.
Swing formed Bearish iBOS signaling that the Daily Bearish Swing Pullback Phase is over and we are currently in the Daily Bearish continuation phase.
3.
After a BOS we expect a Swing Pullback.
Internal Structure is also Bearish with iBOS, So 4H Swing and INT are expecting a pullback which could start at anytime from the current Daily Demand which is partially mitigated and we are below that mitigation or from the 4H Demand nested within the Daily Demand.
A Bullish CHoCH will confirm the INT Low and may start he INT Structure Pullback.
But be mindful that we the Bearish momentum we are in, Price can continue Bearish with minor Pullbacks.
Current CHoCH is high for price to reach so i'm expecting price to create a new low first before we start the INT Pullback.
Bullish iBOS will signal a Swing Pullback.
15m Chart Analysis
1.
Swing Bearish
INT Bearish
2.
Previous Swing Pullback ended with the Bearish iBOS and price created another Bearish iBOS with the CPI news yesterday which created a Bearish BOS.
3.
After a BOS we expect a Swing Pullback.
Price currently approaching a 4H Demand Zone that can provide reaction for the Pullback.
Most probably i'll wait for a Bullish iBOS to signal the Swing Pullback.
Dollar Long Term Bullish NarrativeOn the HTF I am anticipating a long-term bullish trend for at least the first quarter of the year. I I am seeing volatility coming through to continue pushing the dollar for the month of February and March.
Therefore, anticipate all the pairs with dollar in them to either work directly proportional to the DXY or Inversely, considering if the Dollar is the base/quote pair.
Kind regards,
The_Architect
EURUSD 13 Feb 2024 W7 - Intraday Analysis - US CPI DayThis is my Intraday analysis on EURUSD for 13 Feb 2024 W7 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE:
As i came to chart today it had the confusion for the first time since months in a clear view on the 15m Time Frame. This is because the Price behavior since Jan 2024 is not trending clearly specially in the past 2 to 3 weeks.
I decided to have 2 Scenarios for the 15m and will see which is the result after. I lean more Scenario 1 but lets see the at the end of the day what will be the results. It's one of these days that the market is telling you go do something else 😃 especially it's US CPI Day and one of the most waited news events since last FOMC meeting.
4H Chart Analysis (Nothing major changed since yesterday)
1.
Swing Bullish
INT Bearish
OF Bearish
In Swing Discount / Possible LiQ Sweep
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
More price development needed with the current PA.
3.
Bearish momentum still active with a Bearish iBOS.
With the current series of bearish INT Structures, there is a HP that the 4H Swing Low will go as there is no much demand zones and the current demand is fully mitigated and every move up is just a sell opportunity.
After the iBOS we would expect a pullback. Price failed to close below the 4H Low which could be a sweep of LIQ.
As per previous days analysis, i was waiting to see at least a bullish CHoCH in order to see a possibility of a Pullback of the 4H Bearish iBOS and the 4H Swing is still Holding.
From the Fractal CHoCHs happening after Sweeping the LiQ below the 4H Swing Low showing that demand in control.
We are currently in the Pullback Phase of the Bearish iBOS and expectations to continue Bullish till the INT Structure EQ and maybe extending to the INT Extreme Supply.
15m Chart Analysis - Scenario 1️⃣
1.
Swing Bearish
INT Bullish
Pullback Phase
2.
INT Structure turned Bullish with iBOS confirming that the 15m Swing Pullback started as expected and we may have a deeper pullback.
After iBOS we expect a pullback which already started after a Bearish INT to INT Structure iiBOS.
As we didn't reach the Swing EQ or any HP POI we will have still the probability to continue up to maybe the 4H Supply Zone.
3.
The INT Structure had finished after the Bullish iiBOS.
Price is currently mitigating the INT to INT structure and expectations set to the target the Weak INT to INT high and then the INT High.
15m Chart Analysis - Scenario 2️⃣ (Correction INT Bearish)
1.
Swing Bearish
INT Bearish
Continuation Phase
2.
INT Structure turned Bearish signaling that the Swing Pullback is over and we are in the continuation phase targeting the Swing Low.
After iBOS we expect a pullback which is already started after a Bullish CHoCH reaching the INT Premium area but didn't mitigate any HP POI.
Expectations is set to targeting the Weak INT Low and continuation to target the Weak Swing Low.
3.
Demand Zone formed on the INT Pullback which is currently providing reaction and expectations is set to take out the current Weak INT Low.
BTC Correction Incoming: ICT Unicorn Model?This resembles an ICT Unicorn model (not sure if this is what you call it tho): Price obtained liquidity above, accompanied by a robust volume push-down to 38.5k, forming a breaker block coinciding with a Daily FVG. It's noteworthy that the current Breaker block level constitutes 50% of the present range, validating the corrective wave. Anticipating a price retracement to the daily FVG above 38k or completion of the corrective wave in the range of 32k-36k, where liquidity and an unfilled daily FVG are apparent.
Please manage your risk because price can still go higher around that premium zone.
EURUSD 12 Feb 2024 W7 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 12 Feb 2024 W7 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bearish
In Swing Discount / Possible LiQ Sweep
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
More price development needed with the current PA.
3.
Bearish momentum still active with a Bearish iBOS.
With the current series of bearish INT Structures, there is a HP that the 4H Swing Low will go as there is no much demand zones and the current demand is fully mitigated and every move up is just a sell opportunity.
After the iBOS we would expect a pullback. Price failed to close below the 4H Low which could be a sweep of LIQ.
As per previous days analysis, i was waiting to see at least a bullish CHoCH in order to see a possibility of a Pullback of the 4H Bearish iBOS and the 4H Swing is still Holding.
From the Fractal CHoCHs happening after Sweeping the LiQ below the 4H Swing Low showing that demand in control.
We are currently in the Pullback Phase of the Bearish iBOS and expectations to continue Bullish till the INT Structure EQ and maybe extending to the INT Extreme Supply.
15m Chart Analysis
1.
Swing Bearish
INT Bullish
Pullback Phase
2.
INT Structure turned Bullish with iBOS confirming that the 15m Swing Pullback started as expected and we may have a deeper pullback.
After iBOS we expect a pullback which already started after a Bearish CHoCH.
As we didn't reach the Swing EQ or any HP POI we will have still the probability to continue up to maybe the 4H Supply Zone.
3.
As long we we respect the Bullish INT structure we are good to go up.
Once we have the Bearish iBOS, the narrative will be that the 15m Swing pullback is over and we will be looking to target the Weak Swing Low.
COTIUSDT.PAs depicted on the chart, both the 4-hour and 1-hour trends indicate an upward movement in the market. Additionally, the price is approaching the 4-hour Point of Interest (POI), which is considered a strong zone due to the significant uptrend. Therefore, placing a pending order for a buy position seems more probable. However, it's advisable to set the take profit (TP) after the completion of the 1-hour trend.
King Bitcoin is going to be ready for next falling down !!!Dear All,
Hope you have a good day!
According to chart, you can see that I understand bitcoin is going to complete last upward moving for grabbing enough liquidity for its next falling down wedge if price could not break the 52K - 55K.
Anyway, I just want to warn you that maybe it is not so that fancy and good time now to have long positions for long term or holding purposes, It is better to wait until price straggling around 55K and see if buyers are the winners or sellers take their position back.
It is just a financial advice BUT the risks of your trades are on your own and upon your decisions.
Take care and have nice day !
EURUSD 12-16 Feb 2024 W7 Weekly Analysis - US CPI WeekThis is my Weekly analysis on EURUSD for 12-16 Feb 2024 W7 based on Smart Money Concept (SMC) which includes the following Time Frames:
Weekly
Daily
4H
Economic Events
Weekly Chart Analysis
1.
Swing Bearish
Internal Bearish
Reached Swing EQ
(Pro Swing + Pron Internal)
2.
After the Bearish iBOS we expected pullback, price tapped into Liq on the lift and a Weekly demand zone which provided a pullback and formed a bullish CHoCH confirming INT Low.
Price reached the INT Extreme and tapped the Weekly Supply Zone and as expected we are targeting at least the CHoCH and then the Weak INT Low.
Price did the Bearish ChoCH and formed a fresh Supply zone which will be potential for shorts once reached to continue the Bearish INT structure and Swing too.
3.
With the Bearish INT Structure we have the confirmation that the Swing Pullback is over and we are currently in the Swing Continuation Phase.
Price had reached the Bearish INT Structure extreme and showed reaction from.
Still the OF is Bullish within the Pullback Phase and the Bearish CHoCH will be the first sign to confirm the Bearish continuation from the Weekly Supply.
Expectation now set to see price continuing bearish.
Daily Chart Analysis
1.
Swing Bearish
INT Bullish
Reached INT Extreme
2.
Within the Bearish Swing we are currently in the Swing pullback reached the Swing extreme area and mitigated a Weekly Supply zone (But didn't reach the Daily Supply) and started the INT Structure Pullback after the Bullish iBOS.
For the Bearish Swing to continue bearish, we want to see a Bearish iBOS to confirm that the Swing Pullback is over and we are in the Swing Continuation to target the Weak Swing Low.
But currently the INT Structure still Bullish so there is also a possibility that we can still continue up.
We still in the Daily Pullback Phase and price reached the last Daily demand zone. As Swing is Bearish, Expectations that there is a high probability that we will take the Strong INT low.
On the Flip Side (Bullish) we could hold the current Demand/INT Low to target the Weak INT High.
Lets wait to see more price development and LTF to guide us.
3.
Price had mitigated the adjusted Supply zone.
OF is bearish in the INT structure pullback Phase and is so corrective in nature. (Supply in Control)
4.
Price mitigated the Daily Demand and failed to break the Strong INT Low (Micro pips below).
Is it a Sweep of LIQ? In order to confirm the Sweep, i need to see at least a Bullish CHoCH.
5.
Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bearish
In Swing Discount / Possible LiQ Sweep
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
More price development needed with the current PA.
3.
Bearish momentum still active with a Bearish iBOS.
With the current series of bearish INT Structures, there is a HP that the 4H Swing Low will go as there is no much demand zones and the current demand is fully mitigated and every move up is just a sell opportunity.
After the iBOS we would expect a pullback. Price failed to close below the 4H Low which could be a sweep of LIQ.
As per previous days analysis, i was waiting to see at least a bullish CHoCH in order to see a possibility of a Pullback of the 4H Bearish iBOS and the 4H Swing is still Holding.
From the Fractal CHoCHs happening after Sweeping the LiQ below the 4H Swing Low showing that demand in control.
We are currently in the Pullback Phase of the Bearish iBOS and expectations to continue Bullish till the INT Structure EQ and maybe extending to the INT Extreme Supply.
Economic Events for the Week
AUDUSD 0.66023 -0.13 % SHORT IDEA MTF BREAKDOWN 🐻🐻📌HELLO TRADERS
Hope everyone is doing great 🛑
A look at AUDUSD ahead of the WEEK 📌
LET'S LOOK AT THE DAILY DXY
DXY D TF
* Looking at DXY from the DAILY TF we see a break BELOW (SSL) which are Monday lows.
* Swept SSL but traded back into the range with some bullish momentum.
* If we see momentum back into the range i would be looking for long.
* Looking for long on the DXY because we do not have a bearish body closure.
* & we are still in an indecisive state, in wick city as well.
AUDUSD DAILY TF
* On the DAILY we are trading from IRL in a bearish FVG.
* We have a DRAW IN LQ in the form of equal lows ERL .
* looking for some retracement into PD ARRAYS ( FVG + OB & balance price range)
* & should they hold looking for continuations with the bears.
* Violation of the FVG signals bullish momentum and some confirmations that invalidates the trade.
AUDUSD 4H TF
* Looking to take BSL.
* This will possibly be signaling a bearish week ahead.
* Sweep of BSL and trading back in the range.
1. IRL - ERL
2.Looking for LQ RUNS.
AUDUSD 1H TF
* We are range bound on the HOUR TF
* looking for SHORT entries.
* Possible retracement before continuation.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
EURUSD 9 Feb 2024 W6 - Intraday Analysis - US CPI RevisionsThis is my Intraday analysis on EURUSD for 9 Feb 2024 W6 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bearish
In Swing Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
More price development needed with the current PA.
3.
Bearish momentum still active with a Bearish iBOS.
With the current series of bearish INT Structures, there is a HP that the 4H Swing Low will go as there is no much demand zones and the current demand is in mitigation and every move up is just a sell opportunity.
After the iBOS we would expect a pullback. Price failed to close below the 4H Low which could be a sweep of LIQ.
As per previous days analysis, i was waiting to see at least a bullish CHoCH in order to see a possibility of a Pullback of the 4H Bearish iBOS and the 4H Still Holding. We had formed this Bullish CHoCH yesterday and according to that we formed a fresh demand zone that could have the potential to provide a deeper pullback to the 4H iBOS and maybe the continuation on the 4H Bullish Swing.
And as i was waiting for the 15m to align bullish to play the 4H iBOS pullback if possible. The 15m aligned with the 4H expectations and we initialized the Pullback Phase for the 4H Bearish iBOS and the 15m Bearish Swing.
15m Chart Analysis
1.
Swing Bearish
INT Bearish
Pullback Phase
2.
INT Structure turned Bullish with iBOS confirming that the 15m Swing Pullback started as expected and we may have a deeper pullback.
After the Bullish iBOS we initiated the pullback of the INT Structure and reached the 4H Demand and we directly bounced back up.
We reached the 4H Supply where price is currently reacting.
3.
Mitigation of the 4H demand formed a 15m Demand. Not a HP demand for longs but it will provide a reaction if reached.
Wouldn't be much convinced to long from this demand again as i'm expecting the orders taken already from the 4H are enough to continue up and reach the Weak INT High.
If price reached that deep to this demand, my expectations that we will have a HP move to break the 15m Weak Swing Low.
BTCUSDT.PContinuing from the previous analysis which led to TP, following the recent massive upward movement of BTC, I observe two potential zones ahead of the price, both of which are probable for a reversal movement. Placing a pending order with a stop loss (SL) at a specified level, which carries low risk, is possible. However, getting confirmation from the 15-minute timeframe for entry would reduce the SL and result in a higher reward-risk ratio
EURUSD 8 Feb 2024 W6 - Intraday Analysis - US Jobless ClaimsThis is my Intraday analysis on EURUSD for 8 Feb 2024 W6 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE: Nothing had changed much since yesterday we just managed to reach the 15m INT High but we didn't close above it. So mostly still on my expectations of yesterday.
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bearish
In Swing Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
More price development needed with the current PA.
3.
Bearish momentum still active with a Bearish iBOS.
With the current series of bearish INT Structures, there is a HP that the 4H Swing Low will go as there is no much demand zones and the current demand is in mitigation and every move up is just a sell opportunity.
After the iBOS we would expect a pullback. Price failed to close below the 4H Low which could be a sweep of LIQ.
As per yesterday analysis, i was waiting to see at least a bullish CHoCH in order to see a possibility of a Pullback of the 4H Bearish iBOS and the 4H Still Holding. We had formed this Bullish CHoCH yesterday and according to that we formed a fresh demand zone that could have the potential to provide a deeper pullback to the 4H iBOS and maybe the continuation on the 4H Bullish Swing.
I'll be waiting 15m to align bullish to play the 4H iBOS pullback if possible. Other wise waiting for better Short opportunity from the 4H Supply at the INT High.
Lets wait for the LTF to guide us.
15m Chart Analysis
1.
Swing Bearish
INT Bearish
Waiting Pullback Phase
2.
Swing is Bearish and we are currently in the bearish momentum after the break.
Price reached the 4H Swing Low and the Daily INT Low and failed to close below for 2 times now (Just wicked micro pips below it). Could be a sweep of LIQ or just mitigation and continuation bearish. No HTF POI mitigation yet.
From a structure prospective, We are expecting a Pullback for the 15m Swing and the 4H INT Structure.
I'll wait for the pullback phase after the 15m Bullish iBOS putting in consideration that there is a HP that we can create a Bearish 4H BOS and Daily iBOS. (Shorting the lows or after Break of Structure is not my edge)
Lets wait and see more price development.
3.
15m INT Structure is bearish and we are in the continuation after the Swing BOS.
Price failed for the 2nd time to break the 4H Swing Low/Daily INT Low yesterday and formed a Bullish CHoCH on the 4H. With that CHoCH we created a 4H Demand (Not the most convincing zone but better than nothing :D)
Price had mitigated the 4H Supply and the Strong INT High held and price failed currently to break. But be mindful that there will be a Swing Pullback and it seems started and most probably we will have a Bullish iBOS and a deeper pullback.
Understanding LIQUIDITYIn this video I try to explain liquidity as it pertains to training in a simple manner.
Liquidity are basically orders in the marketplace. Since trading is a zero-sum game, without liquidity, there is no trading. Simply put, If you wanted to BUY, then you would need someone to SELL to you, and vice versa.
Smart Money has deep pockets and needs a large amount of liquidity to facilitate their positions. They want to be able to get in and our of their trades, as well as to be able to trade with capital that would be worth the reward.
The largest pools of liquidity usually reside above swing highs and lows, and equal highs and lows (double/triple tops and bottoms). Support and Resistance ideologies dominate the market, and besides that, psychologically it makes sense to put stoplosses at such areas rather than at some random area within a range. There are also breakout traders who see price breaking out of an area as a sign of strength (or weakness if bearish) and they set their entries above/below these levels. This is how liquidity is "engineered" in the market and sentiment manipulated. These pools of liquidity can be seen as a magnet, drawing price to these levels, either to grab liquidity before reversing or continuing in its current direction.
- R2F
EURUSD 7 Feb 2024 W6 - Intraday Analysis - US Trade BalanceThis is my Intraday analysis on EURUSD for 7 Feb 2024 W6 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bearish
In Swing Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
More price development needed with the current PA.
3.
Bearish momentum still active with a Bearish iBOS.
With the current series of bearish INT Structures, there is a HP that the 4H Swing Low will go as there is no much demand zones and the current demand is in mitigation and every move up is just a sell opportunity.
After the iBOS we would expect a pullback. Price failed to close below the 4H Low which could be a sweep of LIQ.
As per yesterday analysis, i was waiting to see at least a bullish CHoCH in order to see a possibility of a Pullback of the 4H Bearish iBOS and the 4H Still Holding. We had formed this Bullish CHoCH yesterday and according to that we formed a fresh demand zone that could have the potential to provide a deeper pullback to the 4H iBOS and maybe the continuation on the 4H Bullish Swing.
I'll be waiting 15m to align bullish to play the 4H iBOS pullback if possible. Other wise waiting for better Short opportunity from the 4H Supply at the INT High.
Lets wait for the LTF to guide us.
15m Chart Analysis
1.
Swing Bearish
INT Bearish
Waiting Pullback Phase
2.
Swing is Bearish and we are currently in the bearish momentum after the break.
Price reached the 4H Swing Low and the Daily INT Low and failed to close below for 2 times now (Just wicked micro pips below it). Could be a sweep of LIQ or just mitigation and continuation bearish. No HTF POI mitigation yet.
From a structure prospective, We are expecting a Pullback for the 15m Swing and the 4H INT Structure.
I'll wait for the pullback phase after the 15m Bullish iBOS putting in consideration that there is a HP that we can create a Bearish 4H BOS and Daily iBOS. (Shorting the lows or after Break of Structure is not my edge)
Lets wait and see more price development.
3.
15m INT Structure is bearish and we are in the continuation after the Swing BOS.
Price failed for the 2nd time to break the 4H Swing Low/Daily INT Low yesterday and formed a Bullish CHoCH on the 4H. With that CHoCH we created a 4H Demand (Not the most convincing zone but better than nothing :D)
4H Supply within this INT Structure is the only supply that could provide a Bearish continuation. But be mindful that we could start also the Swing Pullback at anytime.
EURUSD 6 Feb 2024 W6 - Intraday Analysis - EU Retail SalesThis is my Intraday analysis on EURUSD for 6 Feb 2024 W6 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bearish
In Swing Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
More price development needed with the current PA.
3.
Bearish momentum still active with a Bearish iBOS.
With the current series of bearish INT Structures, there is a HP that the 4H Swing Low will go as there is no much demand zones and the current demand is in mitigation and every move up is just a sell opportunity.
After the iBOS we would expect a pullback. Price failed to close below the 4H Low which could be a sweep of LIQ. In order to confirm a Sweep, i need at least a Bullish CHoCH as reaction from the Swing Low otherwise we will take the Swing Low as per the HTF expectations.
I'll be waiting 15m to align bullish to play the 4H iBOS pullback if possible. Other wise waiting for better Short opportunity from the 4H Supply at the INT High.
Lets wait for the LTF to guide us.
15m Chart Analysis
1.
Swing Bearish
INT Bearish
Waiting Pullback Phase
2.
Swing is Bearish and we are currently in the bearish momentum after the break.
Price reached the 4H Swing Low and the Daily INT Low and failed to close below (Just wicked micro pips below it). Could be a sweep of LIQ or just mitigation and continuation bearish. No HTF POI mitigation yet.
From a structure prospective, We are expecting a Pullback for the 15m Swing and the 4H INT Structure.
I'll wait for the pullback phase after the 15m Bullish iBOS putting in consideration that there is a HP that we can create a Bearish 4H BOS and Daily iBOS. (Shorting the lows or after Break of Structure is not my edge)
Lets wait and see more price development.
3.
15m INT Structure is bearish and we are in the continuation after the Swing BOS.
4H Supply within this INT Structure is the only supply that could provide a Bearish continuation. But be mindful that we could start also the Swing Pullback at anytime.
AUDUSD possible short, AUD weakness.The AUDUSD market is showing signs of weakness (in favor of the USD) after NFP news on Friday. Thursday reversal in London (as shown in the hourly chart) was a clear manipulation move taking the buy side liquidity from the Asian session. The daily is showing a bearish bias, breaching recent swing lows. We also can see that the swing lows from 11/2 and 12/7, were breached.
The trade setup is to wait for a possible retracement towards the 0.618 or 0.786 Fib levels from the measurement of the impulse in the 1H after the NFP. Ideally, this setup will form either during the London or NY session for a possible move lower and continuation of the bearish bias. Initial target would be lows of Friday or lower low after a possible run of the liquidity below Friday's lows.
This is a trade idea, for information purposes only. Trade at your own risk. If you decide to follow this idea, position yourself following your risk management plan.
Why You Should Avoid Trading Standard Patterns: Deeper AnalysisTrading based on technical analysis is a popular way for traders to identify market opportunities. One of the most common methods of technical analysis is the use of chart patterns. These patterns are recognizable formations created by price movements on a chart.
Traders use these patterns to identify potential areas of support and resistance, as well as trend reversals. However, there are several reasons why you should avoid trading standard patterns:
1. Widespread Awareness and Anticipation:
Standard patterns are well-known and widely anticipated by market participants. This means that they are already priced in, making trading them a low-probability strategy.
2. Potential for False Signals:
The formation of a pattern on a chart does not guarantee the expected outcome. In fact, standard patterns can often lead to false breakouts and failed trades.
3. Difficulty in Trading Effectively:
Trading standard patterns effectively requires a high level of skill and experience. Without a deep understanding of market structure and price behavior, traders can easily fall victim to false signals and whipsaws.
Advantages of Trading Liquidity Patterns:
Liquidity patterns offer a more effective and reliable alternative to standard patterns. These patterns are based on the concept of market liquidity, which refers to the ease with which an asset can be bought or sold without impacting its price. By identifying areas of high and low liquidity, traders can gain an edge in the market.
In-depth Analysis of Popular Patterns:
1. Double Bottom:
The classic double bottom pattern is a bullish reversal pattern that forms when the price of an asset makes two consecutive lows at the same level, followed by a rally.
However, the standard double bottom pattern has a significant drawback: it leaves liquidity below the lows, which can lead to false breakouts and failed trades.
A more effective way to trade this pattern is to look for a lower low. This occurs when the price makes a new low below the previous two lows. This indicates that the market is absorbing all the sell liquidity and is ready to move higher.
2. Triangle:
A triangle is a consolidation pattern that forms when the price of an asset ranges between two converging trendlines.
Traders often look for breakout trades in triangles, but this can be risky.
False breakouts are a common occurrence in triangle patterns.
This is because market makers often manipulate the price to induce traders to break out of the pattern, only to reverse the price and trap them in losing trades.
A more effective way to trade triangles is to look for liquidity grabs. This occurs when the price moves outside of the triangle, only to quickly return back inside. This indicates that market makers are taking liquidity from the market and are preparing to move the price in the opposite direction.
Practical Tips for Trading Liquidity Patterns:
Always trade with the trend. Liquidity patterns are most effective when they are traded in the direction of the overall trend.
Use stop-loss orders to protect your downside. This will help to limit your losses if the trade does not go your way.
Be patient and wait for the right setup. Don't force trades and only take those that meet your criteria.
Additional Considerations:
Market context: It is important to consider the overall market context when trading liquidity patterns. For example, patterns are more likely to be successful in trending markets than in range-bound markets.
Risk management : Always use sound risk management principles when trading, regardless of the pattern you are using. This includes using stop-loss orders and position sizing appropriately.
False signals: It is important to be aware of the potential for false signals when trading liquidity patterns. Not all patterns will lead to successful trades, and it is important to be prepared for losses.