NZDCAD BUY RUNNINGTargeting imbalance. Liquidity swept double bottom. Lines up with my fib retracement tool as well. Will be taking partials at first target 0.80591
Liquidity
Scalp Bear Market EULiquidity was found during the Previous Early Asian Sessiin on the 30/1hr timeframe. Wait for a Break of Structure in smaller time frames
GA LongA demand zone was created on August 14th on the 4hr timeframe, where price showed strong bullish volume to the upside. And as usual, smart money took out the liquidity of SLs places as shown on the chart. I patiently waiting for smart money to bring price back to the main 4hr demand zone and it did. However, it was in consolidation for a long time and it seemed as if there was a structure that was struggling to be broken(as shown on the chart).
On September 5th at 1AM est, price finally closed above the structure with a high volume candle on the 1HR chart, thus validating an entry.
I missed the primary bull candle entry, but price did retest the support of the broken structure, assuring the trade even more. I expect price to reach around the most recent high close to 1.98247. Now we wait...
we need to touch bearish order block before bullish order blockI think the Institutions will pump up the market after people are in short positions
i am long lets see
this is not financial advice.
GOLD /XAUUSD SHORT 🔰 Pair Name : XAU/USD
🔰 Time Frame : 1H/4H
🔰 Scale Type : SMALL Scale
🔰 Direction : SELL
📈 Gold Analysis for Today's Trading Session 📉
Hello Traders! 🌟
Yesterday's US JOLTS Job Openings data release had a notable impact on gold prices. 📊 The precious metal managed to cross the crucial Fibonacci Level of 50% despite facing some negative pressure. ⚖️
Today, our focus is on the potential price movements in the gold market. 🕵️♂️ It's quite likely that we might witness a corrective move downwards, aimed at tapping into the liquidity below. This move could potentially be a strategic attempt to refill approximately 50% of the market imbalance. ⚙️
However, keep a close watch on the upcoming ADP employment data release scheduled for later today. 📆 This data could play a pivotal role in influencing gold's trajectory. Depending on the ADP data's impact, we might observe gold extending its downward movement. 📉 It could either retest the Fibonacci Level of 38.2% for a strong support test, or in a more bearish scenario, head straight towards the prominent Fibonacci Level of 61.8%. 📉📊
As always, it's essential to trade cautiously and manage your risk effectively. 🛡️ Market movements can be unpredictable, and staying informed about fundamental data releases is crucial for making informed trading decisions. 📈📊
Best of luck on your trades! 🍀📊📈
(Note: This analysis is for informational purposes only and should not be considered financial advice.) 💼🔍📊
Liquidity: Boosting Bitcoin's Growth Potential 📊💥🚀 Let's delve into the world of liquidity and its impact on Bitcoin's price movement. We'll explore how a significant surge in liquidity from the bottom of the chart can potentially trigger a bullish momentum. Let's get started!
🕳️ Liquidity Pools: Imagine liquidity as the fuel that drives price action. Liquidity pools are areas where traders place their buy and sell orders. These zones are vital because they influence market dynamics.
💥 Liquidity Pool Breakouts: When Bitcoin's price approaches a liquidity pool at the bottom of the chart, it gathers momentum like a spring about to bounce. A breakout from this pool can initiate a chain reaction of buying, pushing the price upward.
📊 Market Impact: Liquidity pool breakouts attract traders and algorithms seeking opportunities. The influx of trading activity can lead to rapid price movements, creating potential profit opportunities.
💡 Spotting Opportunities: The excitement around liquidity pool breakouts stems from the potential for significant price surges. Observant traders who identify these setups might position themselves to capitalize on the momentum.
🚀 Navigating Growth: Recognizing liquidity zones and their potential breakouts can give you a strategic advantage. As liquidity moves across different zones, you can ride the wave of potential growth.
So, what's the key takeaway here? 📊 Understanding liquidity zones can provide insights into possible price movements. Keep an eye on breakout moments, as they can present opportunities to ride the upward trend.
Stay curious, stay attentive, and remember – just as liquidity flows impact Bitcoin's journey, staying informed can guide your investment decisions in the crypto world! 🚀💰
❗See related ideas below❗
Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
GBPUSD LONG FOLLOWED BY SHORTS *PREDICTION*As we can see on the charts the current trend is bullish - which in fact is the pullback in the higher TF (HIGHER TF - BEARISH).
We are about to enter a buy zone - only will be confirmed by the reaction off the OB, if we see a solid rejection (which will implicate the confirmation of buys) we shall follow it up to the next OB zone seen on the left hand side.
With this comes pullbacks as it reaches EQH (Equal Highs) - when an equal high occurs it will 9/10 follow with an pull back to an POI.
This will continue to the most probable OB at the top of the zone, it will most probably sweep the liquidity from the top zone also so beware of where you end up leaving your SL.
ENTRIES ONLY TO BE MADE ON LOWER TIME FRAME.
The following after the touch we will also wait again for confirmations of the short position. If achieved we will expect the lows liquidity to be swept, giving us a massive swing opportunity.
Time for pullback | US30US30 hits the demand zone leaving a pin rejection after taking the sell side liquidity at 34335.55 and also a 4H bullish engulfing pattern, i expect a reversal to target at 34724.97 or 34888.79 BSL
Same Old , Same Old !! hi, as we've seen multiple times before, the BSL (Buy-Side Liquidity) has been targeted tonight, but the SSL (Sell-Side Liquidity) remains untouched with a significant accumulation.
I identify 4 scenarios. I've been bullish since the price reached the 25-26K level. Therefore, I believe one of the initial three scenarios is possible, but which one is the most likely?
BTC experienced a 4% pump in 6 hours, which falls short. It requires more momentum from new buyers, so it's not scenario 1.
Between scenarios 2 and 3, if the price targets the lowest liquidity around 26300, it could result in consolidation followed by a reversal. However, if it pursues scenario 2, the upward trend may continue!
Thus, I conclude that scenario 2 is not only likely but also the best possible outcome.
I hope you found my analysis favorable. I'll provide an update later.
EURUSD SHORT/ SELL🔰 Pair Name : EUR/USD
🔰 Time Frame : 1H/4H
🔰 Scale Type : MID Scale
🔰 Direction : SHORT/SELL
📊📉 EURUSD Technical Analysis 📉📊
Greetings fellow traders! 🌐📈 Taking a purely technical perspective on EURUSD, we observed a significant plummet yesterday, attributed in part to the FOMC minutes. This abrupt decline left a residual liquidity trail, indicating a market imbalance that calls for re-equilibration. 🔄⚖️ Before entertaining the possibility of further downward movements, we anticipate a potential price correction towards, or even to, the lower bounds of the daily demand zone. 📉⚙️
📰 On the fundamental front, we've attached a relevant article discussing the FOMC meeting briefing. Over the next six weeks, brace yourselves for a potent USD rally, potentially spurred by apprehensions surrounding the Fed's contemplation of interest rate hikes. 🏦💼
Remember, trading prudently is paramount. Always prioritize risk management and informed decision-making. 🛡️💡 Trade wisely and stay vigilant. 🚀💰
#EURUSDAnalysis #TechnicalPerspective #FundamentalOutlook #StayInformed #TradeSafely 📊📉📰💼📈🛡️
GBPJPY SHORT /SELL🔰 Pair Name : EUR/JPY
🔰 Time Frame : 4H/ DAILY
🔰 Scale Type : MID Scale
🔰 Direction : SHORT/SELL
📈 GBPJPY has completed the 50% liquidity collection phase last night 🌙 and is now heading towards the daily demand zone around the area of 182.588 🎯. The next target is to complete the Fibonacci 127% extension retest at the Fib100% level 📊.
EURUSD - 30,000 ft ViewIn this video I walk you through EURUSD from the Yearly Chart, down to the Weekly Chart. Going over levels that have been swept, levels I see as upcoming draws on liquidity, and 3 scenarios I see possibly playing out for EURUSD over the next 1-3 quarters.
As always, good luck, have fun, and practice solid risk management.
And.. it's GONE. Well, that's a shame. The bullish bounce failed and now we have a reversal dip showing. That's the thing with monitoring liquidity. Sometimes it changes faster than indicators can account for.
CADCHF LONG/ BUY🔰 Pair Name : CAD/CHF
🔰 Time Frame : 4H/ DAILY
🔰 Scale Type : MID Scale
🔰 Direction : Long/ Buy
📈 Comprehensive Fundamental and Technical Analysis Update 📊📉
Over an extended time frame, the prevailing price action underscores a consistent consolidation pattern, confined within the well-defined range of 0.6480 to 0.6610. Our perspective remains firmly inclined toward a bullish trajectory, in alignment with the unwavering determination of the Federal Reserve to execute a series of deliberate interest rate hikes. This strategic approach seeks to effectively counteract impending inflationary pressures, with heightened emphasis on the latter half of 2023. Anticipating a notably robust performance from the Canadian Dollar (CAD), contrasted by the comparatively subdued Swiss Franc (CHF), it is imperative to maintain vigilant awareness of potential interventions that the Swiss National Bank (SNB) might introduce, potentially influencing the dynamic behavior of CHF.
🛢️ Noteworthy is the imminent conclusion of the oil price retest phase, positioning it for a forthcoming upward trajectory. This element introduces an additional layer of complexity to our analysis. However, it remains pivotal to acknowledge the lingering potential for SNB intervention, which retains its significance in shaping the CHF landscape.
🔍 Elaborating on our recent correspondence pertaining to the CAD/CHF pair, a discernible disparity has emerged, prominently depicted on the daily chart. This incongruity serves as a fundamental facet within the operational framework of a robust market, as historical precedent underscores the tendency for such divergences to eventually reconcile, consequently fostering the accumulation of liquidity within the market environment.
Prudent and judicious decision-making should be exercised in your trading pursuits! 📈📉👍
USDJPYAs a student of SMC, I've just shorted USDJPY earlier in the day on the 1H timeframe. There is a 1H OB where price showed a strong rejection (it may or may not respect it). Further more there is a divergence happening on the Daily Timeframe. Add on to more confirmation, there is a strong resistance where price shows there is a strong sellers happening at that 1H OB area.
If you do have any suggestions or Idea's or even traders from SMC, drop down a comment down below. let's discuss more about USDJPY market structure.
NOTE: I'm not a professional advisor nor a signal provider, trade at your own risk and MM.
USOIL/XTIUSD SHORT/SELL🔰 Pair Name : XTIUSD
🔰 Time Frame : 4hrs/ Daily
🔰 Scale Type : Long Scale
🔰 Direction : Short/ Sell
📈🛢️ Comprehensive USOIL Analysis Update: 📊📉
📉 Downtrend Break and Retest: USOIL has successfully breached its weekly downtrend line, signaling a notable shift in momentum. As we undergo the retest phase, remember that the market remains within a promising new uptrend, particularly from a fundamental perspective. 📈🛢️🔄
💡 Fundamental Considerations: Last week's release of Chinese inflation data casts a shadow on the pace of China's post-pandemic recovery. The Consumer Price Index (CPI) YoY saw a decline of 0.3% in July, indicating deflation within China. Given that China is a pivotal oil consumer globally, this scenario applies downward pressure on WTI prices. 📉🇨🇳
⛓ Supply Dynamics: Counterbalancing this, we observe supply constraints that could further elevate WTI prices. Saudi Arabia's decision to extend its voluntary oil output cut of one million barrels per day (bpd) through September, coupled with Russia's planned reduction of oil exports by 300,000 bpd for September, contributes to the supply-side equation. ⛽📉
🌐 OPEC and EIA Insights: Both the Organisation of Petroleum Exporting Countries (OPEC) and the Energy Information Administration (EIA) are optimistic about the global energy market in H2 2023. This sentiment is rooted in several drivers, including heightened summer air travel, increased oil demand for power generation, and rising petrochemical activity in China. The IEA anticipates a robust 2.2 million bpd demand growth in 2023, while OPEC forecasts a significant 2.44 million bpd production increase. 📊🌍
📊 Economic Growth and Revised Projections: A positive undercurrent also emerges in the global economic landscape, with OPEC revising its global economic growth forecast to 2.7% (from 2.6%). This adjustment is driven by impressive growth in the United States, Brazil, and Russia during the first half of 2023, exceeding initial estimates. OPEC's outlook for the following year stands at 2.6%. 📈💼📉
As you navigate these dynamic market dynamics, remember to implement robust risk management strategies and align your decisions with a well-structured trading plan. The interplay of factors makes for an intriguing landscape, and informed execution remains paramount.
US30 - Weekly reviewHello Traders!
Hope this week was a profitable one.
US30 had a rather bearish week - we can see that after last weeks low was broken. Market gave us clear direction for sellside to be taken out.
Yellow lines are showing us previous areas of where sellside liquidity could be.
I expect the bearish momentum to continue however we must also anticipate corrections before the real move happens.
Today is Friday naturally we notice reversals to the current trend for the week. Traps and sweeps will be on the agenda ;)
i will be watching price from 34765 to 34745 for entry zone
REMEMBER this is not confirmation but merely anticipation.
Follow your rules ;)
$ES New All Time High ExpectedOur projected path for CME_MINI:ES1! to take out the January 2022 High which also happens to be the All Time High. We are using a range from a Weekly Volume Imbalance and a Weekly Bullish Order Block combined to give us a price range between $4190-$4288 to find long positions. This price range is also in a discount for the current weekly price leg; giving us more reason to look for buying opportunities here. Look for price to reach this are late August or early September. We will post a smaller time frame once we get into this area and we see a favorable trade. We will take a small swing position but we are more excited to ride the price legs to the new high through intraday trading. We have used Fibonacci Projections to give us $4854 as our first target.
Just for fun we want to call $5092 as the 2023 High of The Year. Leave your best guesses for the 2023 High below :)
Happy Trading,
BlackOakCapital
AUDUSD SMall Short AUD took a dive yesterday & has now retraced to a resistance
level. I anticipate a liquidity up and for it to head
down... POI : 0.64500 | UTP: 0.63840
Now we wait
Daily swing demand1D -> Even tough price has been bearish for the last couple of weeks and today had an impulsive move down, to me this is still just a pb and I'm expecting price to react to the current daily demand.
H4 -> Price is also coming very close to H4 demand, it's not my favourite zone but it's still valid, considering it was responsible for an impulsive reaction.
M15 -> There's a demand zone at the bottom of the H4. I'll either take a position from there without confirmation, or I'll wait for a reaction at the top of the zone.
TSLA fifth wave and bullish FVG 4h timeframeI've been keeping a close watch on TSLA's recent movements, and there's something worth sharing. It seems we're in the midst of the fifth wave, if we follow Elliott Wave Theory. What's even more intriguing is that on the 4-hour chart, a bullish FVG (Fair Value Gap) could be in the works, indicationing the end of the bearish (fourth) wave.
Adding to the excitement, the Relative Strength Index (RSI) is giving us some interesting signals. It's right on the edge of slipping into oversold territory, a potential sign of a turnaround. Plus, keep an eye out for the impending cross between the RSI and its RSI-based Moving Average (MA), as that could indicate a significant move coming up.
This setup has definitely caught my attention, and I'm thinking there's a trading opportunity brewing. If taking the trade I would suggest a safe stoploss below the fourth wave or a more risky one below the next bullish liquidity void on the chart. I would target the end of the fifth wave as a TP area because after that I believe we will see the first correction wave of the ABC pattern.
Of course, as traders, we know the drill – careful analysis and risk management are key before making any moves.
Bitcoin BullishMarket Structure: Bitcoin is in an uptrend making higher highs and higher lows and approaching a key level (support, uptrend line, swing low) and there is likely an accumulation of sell orders which are made up of breakout traders and stop losses of long positions. This accumulation of orders creates enough liquidity for the market to match orders at this low point before positioning to go higher.
Trade: Wait for price to close below the swing low point and enter long on a buy stop @ 28,477
Oil BearishMarket Structure: Oil is in a downtrend making lower highs and lower lows and approaching a key level (resistance, downtrend line, swing high) and there is likely an accumulation of buy orders which are made up of breakout traders and stop losses of short positions. This accumulation of orders creates enough liquidity for the market to match orders at this high point before positioning to go lower.
Trade: Wait for price to close above the swing high point and enter short on a sell stop @ 84.518
