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Liquiditypool

BTCUSDT time to retracement?Recently, the market has created equal highs in the 25k area, where there is also a daily supply level. This indicates that there is strong resistance in this area, and that buyers have struggled to push the price higher. However, there is potential for the market to grab new liquidity from the 22-23k area, where there is a 0.786 Fibonacci level. This level is often seen as a strong level of support, and if buyers are able to push the price higher from this level, it could signal a potential shift in market sentiment from bearish to bullish. It's important to note that this scenario would only be invalidated if the price were to create a breakout from the 25k area with confirmations. A breakout above this level could indicate that buyers are able to overcome the resistance in this area and push the price higher. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
12
gold(xauusd) will reach to $1350...hello guys... I apologize for my absence and there was a gap between my posts...My people are enduring difficult conditions after the killing of #MahsaAmini, and I am one of these people... gold formed a double top pattern at weekly time frame and in this week break out neckline and engulfed flag at this level so at least will reach to $1350 zone that shown in chart... in upper time frame this pattern (double top) formed on liquidity pool and confirmed it was just a hunt... look at chart accurate: so there is two scenarios for downward movement, i wanna stick to scenario 2 ... what is your opinion? always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
OANDA:XAUUSD
by melikatrader94
check aapl analyze before buyinghello guys: As you see on chart, price formed a double top (it is not perfect but still valid), after confirmed this pattern pullback and moving downward as height as 0.6 of double top height but first target of this pattern is $117 so I think apple has a deep retrace to decision point to touch bearish trendline and after that will start mid-term bearish movement, but for getting short position we need confirmation so check below chart: This pivot belongs to weakly time frame so I should check it, for confirmation of short position price should close lower than $163.32 on weakly timeframe or we could get a trigger like candlestick pattern or breakdown a trendline on 4h time-frame, on the other hand, this stock has a great liquidity pool tat we should pay attention on two situations: 1- If we not get a confirmation as I mentioned before our stoploss for short position should be behind that area (I mean $191.5). 2- If price reach to that area (liquidity pool) and form a reversal candlestick pattern like engulfing or morning star we can get a short position immediately. always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment. BE PROFITABLE
NASDAQ:AAPLShort
by melikatrader94
8
CONSOLIDATION RANGE AND WHAT IT MEANSThere is a trick that market makers use and that is to create consolidations in order to induce retail entries. In text book practice, retail traders will always view a resistance or support level that has been tested more than once as a strong area to do entries because they feel it will hold price. As a result they put stop losses above or below the entry and these stop losses increase as market makers consolidate and incubate more retail traders entries. Remember market makers need these stop loss pools in order for them to open their huge positions so afterwards, they will run these stop losses, enter their orders and inject liquidity to move price very quickly. So beware not to buy at the current NZDUSD equal lows. You'll be trapped!
Education
by JayForexAcademy