Liquiditypool
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
AUDJPYNo lower low formed in the downtrend, liquidity captured with institutional candle and liquidity + imbaalnces to fill on the upside. I'm looking for this to go long with the shift of momentum.
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.
USDCADI see 2 possibilities here.....
The first possibility measuring up perfectly especially with imbalance to be filled and the open order to be finally mitigated
PATIENCE - CONFIRMATION - ENTRY - PROFIT
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
GBPUSDIf this price level holds, i'Ill be looking for a retracement to the upside to fill imbalance, mitigate out of the open order and head back down.
DXY starting to show signs of weakness along with other USD based pairs.
XAUUSD - GOLDIf one of these price levels holdl, I'll be looking for a retracement to the upside to fill some imbalances and scoop some liquidity before heading back down to mitigate out of some open orders.
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
GBPNZDOpen orders and gaps to be filled.. This chart is looking very appealing on H4 and D1 charts for a bullish rally
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
reading the right side of the chart : GBPCHF 25 SeptYesterday's trading range was 70-72 pips whilst the 20-day ADR was 102 pips. In a day when there was a risk event (political) and there was a stop hunt spike during the London session, it is indeed a bizarre day.
After a "missed" day, I always anticipate a price expansion within 36 hours. I am still bullish on Sterling hence I am still waiting and looking for a low of the week anchor which I hope would form around these price levels 1.22700-1.22850.
There is an ongoing risk for this plan which is Brexit Brexit Brexit. There is no risk event for Switzerland today.
GBPUSDLiquidity captured and now we're looking for a run to the downside. We should see 1 more move to the upside for mitigation to happen before the big fall.
Wyckoff distribution schematics playing out well so far also.
As always..... PATIENCE - CONFIRMATION - ENTRY - PROFIT
XAUUSD - GoldWere getting close to our ultimate distribution zones and I'm looking specifically at 3 possible entries for this to fall long term. Wyckoff distribution phases playing out quite nicely also. so sometime this week we should see the drop off to the open orders from the 31st July 2019 starting the price level of 1431.25
It's nearly go time!
PATIENCE - CONFIRMATION - ENTRY - PROFIT
Navigating the RBA Rate Cuts - Pricing In AUDUSD 23 SeptSentiment/fundamental rationale tells me to look for short signals only this week. It is reported that the market is starting to price in RBA rate cuts on Oct 1st (81% as of now so plenty of moves to be had)
Technically it is very obvious, at least in an intraday context, AUDUSD have been trading lower and now in an intraday bearish trend.
Since I am bearish on the AUDUSD, I am looking to "short the rallies". I have identified several liquidity spots, which I marked with green sniper crosshair, as a place I would place my short (if there were bearish signal).
The targets potentially be the Boomerang level (purple line) or the 20-week AWR downside projection
Navigating the BEAST (GBPJPY) - 23 Sep 2019Last week's range was approx 190 pips whilst the 20-week AWR was 275 pips. It was a "miss" hence I am anticipating a price expansion (weekly) probably hitting several pips more than next week's 20-week AWR , which probably be around 300-320 pips give or take.
My bias for GBPJPY is bullish hence I am looking at "support" levels to go Long. If price enters in the liquidity pool at 1.3300-1.3900, that will activate my bullish mode and will LONG if there is a trigger for me to do so. My potential target is illustrated in the chart: the liquidity pool on the upside at 1.35650 - 1.35950
Side note, if you are a scalper, you probably have a chance to short GBPJPY when the price reaches between 1.34650-1.34900 and target at the liquidity pool below.
There is no risk event for the U.K and Japan have a bank holiday on Monday
