short and long position for xauusdhello guys
As you can see in the chart, after forming several drives and divergence, the price has broken the drive line and started a downward movement.
After Sharp's move (or movement with high momentum) , this scenario is repeating itself, but this time it has formed two drives.
There are two areas with high potential to take a long position.
The first area or the first scenario:
It is possible that the first liquidity range will be formed after the break and engulfment, so you can wait for the long confirmation in this area.
The second range or the second scenario:
This range can be formed on the QML AND DP
The TARGET of both POSITION is the end of the first drive that I have shown in the CHART!
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
Liquiditypool
Way Down We Go o o othe structure of BTC recent movement is correction up, so bitcoin still has kept down trend, it means that bottom of 17.6 will be lost definitely...
finding the local hight pivot (yellow circles) to set good short position needs to find the best liquidity which is mostly hide behind clouds flats, so we have some candidates from different time-frame which is shown up with yello lines...
therefore we have 2 possible path for going down, both of them has predicted to happened at a special time because time analysis says that we could probably have reversal pivot on which is shown by vertical pink line. it has created from 26 weeks ago ...
path 1 is more possible because of the red H1 Bermuda ignore level and higher time frame of liquidity
I'll update my analysis for finding the destination of where "DOWN WE GO", so I dont give final bottom target now, untill changing character of market would be seen, if you are curious about my predictions you can find it on my chart a little bit lower ;)
Higher highs expectedI think nasdaq will go higher judging by the current price action. Big liquidity is resting above the marked highs and Smart Money should wipe it out. Expecting volatility tomorrow as NFP is approaching so trade carefully. Expect August to be choppy so I will limit my trading for this month.
God bless!
Don't be liquidityThis chart shows the common stop-loss touch and bounce pattern. And this happened because I was liquidity.
The stop-loss was set at an "obvious" invalidation level, the previous supply level ($20,800). So, right below it, there was heavy bidding.
The stop-loss hunters will place their bids just slightly below presumed ask levels.
Sell & Buy Side Liquidity ✅✅✅✔️ The FOREX market is a zero sum game, which means that for a trader/institution to buy/sell 1 currency pair it's necessary that there is another trader/institution with an opposite position. If Smart Money (Banks) want to buy a currency pair they will need sellers in the market, the existing facility to place these positions In the market is called LIQUIDITY.
✔️ The Liquidity is defined by Stop losses, where the Stop losses exist is where the liquidity also exists, Smart Money need to activate the stop losses of existing orders in the market so that they can place their positions in the market.
✔️ In the FOREX market there are two types of liquidity, which are:
1. Buy Stops Liquidity ( BSL ) - The BSL is originated by Stop Losses of sell orders, after the BSL is taken, the market reverses to the downside, because banks use
the BSL to place sell orders in the market.
2. Sell Stops Liquidity ( SSL ) - The SSL is originated by Stop Losses of Buy orders, after the SSL is taken, the market reverses to the Upside, because banks use the
SSL to place Buy orders in the market.
✔️ PMH & PML - Previous Month High & Low
PWH & PWL - Previous Week High & Low
PDH & PDL - Previous Day High & Low
HOD & LOD - High Of Day & Low Of Day
OLD HIGH & Low - Swing High & Low
EQUAL HIGHS & LOWS = Retail Resistance & Support
Sell Side Liquidity Raided AGAIN!This is textbook Price action and Market Mindset.
The Shorts get taken out first. Then after the shorts are surely liquidated the algorithm then seeks to take out all LONGS
To resume its original mission to raid Sell Side Liquidity Framework.
The market is predictable like your favorite video game.
Play it long enough and you'll beat the game and know how to every time.
Never Over Leverage.
Trust your trade set up.
Have Fun!
i Am Pro Trading Made Simple
GBPCAD: Stop Hunts Everywhere ⚠️Wow, last week was intense.
Firstly, we saw market makers sweep break and re-test buyers THEN they liquidated breakout buyers from the trend line and to finish all off they did a sweep on sellers that remained.
Although the direction is unclear for next week, I have illustrated my bias.
I may be wrong but at least I know that stop hunts are out of the way and we potentially have enough liquidity for a big impulsive move.
Comment your thoughts below traders 💬
ETHUSDT wants new liquidity for the reversal?the price got a rejection from the 0.618 Fibonacci and dynamic resistance after a dump from the monthly support form 1700$.
The market bounced from 886$ where we can find a demand zone and 1.271 Fibonacci Extension.
How to approach it?
The price could grab new liquidity from the demand zone on 920$ and create a local reversal trade, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
BTCUSDT needs liquidityThe price had a bounce from the 18k area and got a rejection from 0.618 Fibonacci level and dynamic resistance on 20k level.
The price needs more liquidity in order to retest the daily resistance (at least) on 22k.
How to approach it?
the price needs more liquidity, so if the price is going to lose the support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Potential Accumulation USOILPotential accumulation forming, i've entered now with low lots with the attempt to scale in, once we see that SOS i'll be waiting for the pullback into demand before taking this long.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
EURJPY: Time For A Correction ✅Most XXXJPY pairs are well overdue a correction, this does not mean they will turn bearish, it simply means a correction is needed to gather more liquidity before shooting off again.
Ideally, I would like to locate sells from the daily established supply. However, I won't rule out the possibility of a final liquidity sweep above the high before sellers enter.
Alerts have been set and the team will be notified when the time is right.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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DOTUSDT needs more liquidityThe price got a rejection from 9$, the 4h resistance where the market created a supply zone. Now the price is creating equal lows on 7$.
How to approach it?
The price needs more liquidity to create a new bullish impulse, so if The price is going to grab the new liquidity from 6.5$ region and create a new bullish impulse, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
NASDAQ Pre-market Open AnalysisPotential to catch both long & short entries. Looking for an Asian session in consolidation to potentially build the framework for a liquidity grab into the demand zone & continue higher to the supply zone/plenty of imbalances to fill
BNBUSDT wants the new liquidity
The price is testing the 0.618 Fibonacci level on the monthly Timeframe.
As you can see this area is a key area for the market.
On the weekly timeframe the price is losing the support where the price bounced several times.
On 4h Timeframe the price is trying to have a breakout from the supply zone.
How to approach?
IF the price is going to lose the 4h support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
FTMUSDT wants new liquidity
The price bounced from the monthly support on 0.26$ where the price created the demand zone.
The price got a rejection from the daily resistance at 0.41 and now the market is creating equal lows.
How to approach it?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
FILUSDT is getting liquidity. Ready for the breakout?
The market lost the weekly support and retested it as new resistance. The price got new liquidity and created a new bearish impulse.
Now the price is testing the 7$ area and it's creating an ascending triangle.
How to approach?
The price needs to have a new breakout from that area and retest the previous resistance as new support. According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
LTCUSDT is creating equal lowsThe price is creating a big Falling wedge on the daily timeframe and now the market is creating equal lows on the 4h timeframe.
at 55$ the price has a demand zone where the market could grab new liquidity for the reverse trade.
How to approach it?
If the price is going to have a breakdown from the 4h support and grab new liquidity, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐