Nifty Outlook: Last Week of NovemberNifty is currently trading at 23,900.
It will come 500 points below to 23,400.
This level coincides with multiple things - previous support & 0.786 fib level of the last run.
Then it will reverse and go up till 24,700.
That is where it will take the liquidity of the previous swing highs.
Liquidty
NQ idea $$$ no need for MapBook "Perseverance is not a long race; it is many short races one after the other." — Walter Elliot
I predict will be heading back to the support level where market makers left sellers looking very sad.
(19415 area)
If you were looking at Bookmap which I am not 9 times out of 10 it would show there are orders waiting in at area.
They have to drop price and come back and get that liquidity they left down in the 19415 area. (W) formed
Thanks and hopefully this information benefits you .... like share and follow chat !!!!
#TradeGod
DXY and US30 analysisWhat I'm looking at on US30 and DXY. The dollar is currently hella bullish, making it difficult to get into trades as it doesn't offer a good enough retracement most of the time. this is a potential area i am looking at to get a reaction out of at the very least. lets see what PA shows us.
US30 TradeBreak down of US30 trade i am in. Hopefully the area holds and can give me at least 5RR. DXY has just hit an inefficiency area so hoping for short term Dollar weakness
EURGBP... DUAL TRADE OPPORTUNITYHello Traders,
EURGBP is set to be bullish long term (at least for 2 months) and the weekly timeframe has adjusted accordingly to take out the daily trendline liquidity. The only issue is, for price to go bullish on both the weekly and daily, it must first take out all the liquidity pool it has created.
My approach is for price to go bullish, trigger the supply order block as indicated in my chart and go short to clear all the liquidity pool below. After which the weekly move will continue bullish (3rd trading opportunity).
First, I am looking to go long (confirmation on LTF) on this pair once price enters my POI (white box). With my profit target at the supply order block where I will be looking for an entry to go short (confirmation on LTF) to sweep all the liquidity.
If you like my trade idea and approach to the market, click on agree.
BR.
David
Liquidity and wycoffTwo trades I had taken on the pound dollar on thur-fri. In my opinion understanding what liquidity is and why it drives price is extremely important if u want to have any success. Understanding that if you don't enter on someone else's stop loss ; some one will enter on yours and that its a 0 sum game. Just remember when you enter a trade there is someone else entering the opposite trade at that exact price, think how that can be exploited
Daily 🦀 Complete! Another potential 🦀 forming! NAS100 - Daily Crab Complete (Potential short swing)
Price is breaking structure to the downside and we have another potential crab forming (I'm scalping this both directions intraday) But from a higher TF Bias I expect price to break the 1H low if the current high holds!
Let me know your thoughts?
Potential Crab Forming 🦀GBPCAD - I'm waiting to see if PA breaks the Daily Lower High (Close to the X point) Price broke structure on the weekly to the downside and daily is also bearish, right now we have a 0.382 pullback on the weekly which has created the new Daily lower high, price is at a pivot point, could go either way.
We have trapped liquidity above and also imbalances to fill (Which the crab pattern completion fills nicely, giving us very nice entries for shorts) So it would make sense for price to head in this direction however....If the bears are too strong, momentum could continue down...
Whats your thoughts?
Potential Butterfly & Imbalance FillUSDCAD - Looking for price to pullback to fill the imbalance or hit one of of my other confirmations, I have 3 possible entries here that I will take if price pulls back, the safest one will be on the line of the D point of the butterfly, because the retracement is the deepest and it's close to the DL which is now trending up, ill take all 3 on LTF but for a swing you can take any of the entries and use a larger SL to cover the DL!
Whats your thoughts?
Potential Crab Forming US30 - if 35000 holds we may see new highs and a completed daily crab!!
However, we do have many strong resistance points in the way for that to happen (Nice zones of interests for potential short scalps or even reversals)
If price breaks 35000 then we're potentially falling back to the lows!