CHF JPYTrigger happy traders have been trapped into buying CHFJPY and they are hopping it goes up.BUT HOPE IS NEVER A GOOD IDEA IN THE MARKET PLACE, CHF JPY is destined to drop for this whole week.
Liquiditypool
Potential Breakout to the downside on EUROEURUSD has been consolidating in around the same area. The EU financial woes during this pandemic will potential trigger a downside. Waiting for a breakout before we enter the trade. EURUSD peg is very likely before the end of this year
AUD/USD kiwi short OANDA:AUDUSD
still looking at a short for aussie , temporary bullish retracement
- price sitting on a propulsion block
- claimed h4 sell side liquidity
- price should reject off -ob and continue the trend
- entry/reentry around mid figure 0.69000
US30 SUPPLY AND DEMAND ORDER BLOCKS (UPDATE!!) Another 2 zones hit, retest of order block expansion price followed by a smooth move up in price to the next key liquidity line outlined.
GBPCAD trade idea for LondonGBPCAD is showing strong bullish movements after hitting off of a weekly bullish order block. Im looking for the market to drop about 30 pips around the daily oder block entries, depending on what EURGBP does during London open. That will be my main indicator on if GBPCAD will be a buy or not. Also I see the buy side liquidity pool has been created over time with the triple top. It's just a matter of time before it gets violated and we make a bull run, although I wouldn't really hold on to buys for too long on GBP pairs.
US30 SUPPLY AND DEMAND ORDER BLOCKSOur order blocks for the US30 WALL ST Index are working perfectly! Are you short or long?
EURAUD Overview UpdateA quick update from the previous markup on this pair, we had a 113 rally of the shark D leg whick was initially a 88.6. This was quite expected though as we has liquidity right below and has been taken out now. we have a baby shark pattern approaching at CMP and expecting a drop base Rally kindof move to form. The baby shark pattern will be reviewed on a lower tf and would be dropped in the comment section below.
feel free to coment below...
DXY OVERVIEWOn the dollar index we can see a beautiful bullish butterfly pattern just completed an we expecting a rally to occur for the week ahead. This also congruent perfectly with liquidity pool being taken out.
EURUSD OVERVIEWEurusd looking pretty much read for a drop, price approaching D legs of the bearish shark and deep crab which alighs perfectly with a supply base from history and as well liquidity pool being taken out. Here's my point of view, let me know what you think in the comment session.
GOLD MARKET OVERVIEWGold finally gets to major POI at PRZ of butterfly pattern completion after about 4 weeks of anticipation. looking at short entries at the zone.
USDCHF Equilibrium| Structural Resistance| Declining Volume Today’s Technical Analysis – USDCHF- trading in equilibrium where a break is imminent
Points to consider,
- Structural resistance (bearish retest)
- Declining volume
- Apex
- RSI at 50
A break in USDCHF will be imminent as price continues to reach its apex. The support and resistance lines will converge leading into a break in structure.
The structural resistance is a key level, a bearish retest will allow for a valid short. It is important to monitor how price action forms at the level as weakness will indicate a possible liquidity grab.
Volume is clearly declining, which is an indication of a true equilibrium. A breakout needs to be backed with increasing volume; this will decrease the probability of a false breakout.
Overall, in my opinion, if USDCHF breaks bullish, its immediate target will be structural resistance. If price action shows weakness and confirms a bearish retest, lower level will then be likely.
What are your thoughts?
Please leave a like and comment,
And remember,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
EURUSD - Long Wait for a sweep of the lows to take out stops before a run on previous days ATH
Order set 3 pips above the order block on the 15m
9 pip risk v 118 reward
Telsa Sell LimitI see Telsa grabbing buyers off the (resistance/floor) that was presented to them all the way to the 3H OB before selling to clear the liquidity at the bottom below the resistance.
EURCAD Overviewliquidity pool formed at eqh got taken out with shark extended d leg, looking at price mitigating the CC before the drop to fill up imbalance.
EURGBP IDEAPrice is ranging in between two significant zones. The ideal situation would be to let price tell us where it wants to go with a clear break of structure, we can then perhaps look at an entry when it retests the key level and target the liquidity levels on the chart price should ideally head towards giving us a high R:R ratio and a high chance that price will hit our Take profit.
Good luck!
-Price action is key to a profitable strategy...
P.S this is a speculative setup, not investment advice
USDCAD LONG OpportunityThis pair has broken out of a descending triangle, HTF bias with huge shooting star testing and rejecting lows on the weekly chart. Looking for a move to test liquidity at old highs.
EURCAD market overviewShark patterns congruent perfectly with institutional trading as price took both liquidity at the resistance and support zone before moving the opposite direction, expecting a drop from current market price mitigating the institutional candle at 88.6 fib retracement.
