EUR/GBP daily buyback to imbalancePrice reached 0.86000 whole institutional level which surprisingly matched the level of imbalance. Expecting a pullback upwards at least to 0.89000 imbalance and the middle of institutional candle. We missed an aggresive limit order entry, but lets find some entries on lower time frames. GOOD LUCK. Potential 250pips
Liquiditypool
Swing trade on EUR/AUD. Playing with liquidity poolsAn intresting range between 1.62000 to 1.63700 has formed on EUR/AUD 1H chart. Buyside and sellside liquidity pools have been created(equal lows, equal highs). Sellers have already been taken out, now its buyers turn :) I identified a set-up, now we wait for a retracement to 62%-71% fib level, half of the order(sell limit) rests on 62% fib/the middle point of that huge institutional candle on October 17 3 o'cklock (UTC +3), the other half leave for entering on 71% fib or even higher if we get a larger retracement.
XAUUSD - GOLDWe have been in the Wyckoff distribution event phases for the last week.
The current move to the downside is looking like a fake out to me (I hope) to make 1 more move to the upside as I am hoping for the UTAD move to be met which should finally see our big sell off to the downside which also fills ineffecient imbalance and also has the opportunity to close the open order above.
As always..... PATIENCE - CONFIRMATION - ENTRY - PROFIT
EURGBPI see set ups for GBP based pairs to rise within the next couple of days which gave me the indication EURGBP should fall as the reverse. Open order above to close out and I've had my eyes on an open order from the 3rd May 2019 below which also needs to be closed out at some point.
These 2 levels are now my levels to play between to close out both taking out liqidity at the same time with the fibonacci extensions also lining up perfectly.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
EURUSDWe've had a large open order from 2017 that still needs to be mitigated out, but prior to that bullish rally, we should see one more move to the downside for this mitigation to play out.
I'm looking for a pull back between the 71.8 and 78 fib level for this to continue downwards.
As always...... PATIENCE - CONFIRMATION - ENTRY - PROFIT
USDCAD - Where is the near term liquidity?Just some out-loud journaling of what I see in the USDCAD. Anticipating a run above last week's high and likely Sept's high. AND MAYBE into the clean shelf just to the left. Surely not an unreasonable expectation as per the weekly ATR and fact that some LQ gaps are still open :)
Be well.
EURNZDW' Pattern being formed creating a double bottom for lidiqty below. We have an open order, liqidity to capture and imbalance with a gap in the market to fill which gives me positive signs to the upside short term before we see a potential fall to the next open order below.
As always...... PATIENCE - CONFIRMATION - ENTRY - PROFIT
GBPCHF Bearish PlanIn reference to this plan below, the pair didn't exactly stay inside the range but there was certainly a bull trap/stop hunt/liquidity run above those levels.
I am anticipating the price would reach the 20-week AWR downside projection this coming week. Based on this anticipated move, I need the price to tap into one of the levels I marked on the charts, to warrant my short position of the pair
The ongoing risk for bearish plans for any sterling pairs is any development on Brexit related news such as bad things happening to Borish Johnson expense and or bad news on no-deal Brexit. No risk event for Switzerland
GBPUSDStill waiting for this GBPUSD to reach it's 61/78% discount zone before I look to buy.
We have a lot of liquidity sitting below, topped with open orders and some imbalances to fill so this give me the impression that the market needs to close these things out before heading back up.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
NZDUSD LONGWith the last equal low below soon to be taken out the market has left a lot of liquidity pools above combined with imbalances and mitigation zones. By identifying institution candles also this trade is a high probability set up for me as i believe the upside targets must be taken out before a continued downward move.
I plan on holding this trade for as long as it takes, the imbalance zones are very noticeable on the 4H time frame and leave large indications to exit areas and signs of reversals which can create potential re-entry points.
Lets see what happens
Navigating the Bias Shift : GBPJPY 27/9I am intraday bearish bias for Sterling today (both technical and fundamental rationale). I have marked levels that, if reached, will wait for a bearish signal. Price could go further down without tapping in these levels, which I would not chase. Let the price comes to me.
The daily range yesterday was small compared to the 120 pips 20-day ADR so I am expecting a price expansion today between 130-150 pips.
There are no risk events for the U.K and Japan