DOT - Dot broke out of a falling wedge#falling wedge
#BOS
DOT broke out of a falling wedge and change the market structure from downtrend to uptrend by breaking out of a recent high.
Market-structure
#GRT market insight GRT gave us a descending triangle of daily time frame as the bigger structure and gave us a break of the recent high on the smaller structure. If the price closes above the recent high we will be buying to the trendline and if it closes below we will wait for a retest and sell
Dydx market insight#DYOR
Dydx has been in an uptrend since it creates a higher highs and lows. There is a break of market structure on 4hr and daily TF. So I will be buying to the next support/high
GALAUSDT market insight #DYOR
Followed by a BOS (break of market structure) on gala of which it breaks the previous high coupled with a rejection on the 200 EMA on daily/4 Hr TF, we will the buying to next support/high and wait for a price reaction on that level
ONEUSDT market insights ONEUSDT has been showing a bullish market structure on 4 hr TF and 1hr TF by making a series of higher high and high low on which indicates a bullish market/trend.
The price has been trading in a channel followed by a bullish market structure / breakout and retest occurring in daily time frame.
Since there is time frame realignment on both daily and 4 hr and 1 hr TF. We are longing ONEUSDT
ONEUSDT insightsThere is a breakout and retest on daily time frame so we are expecting a buy to the recent high
Longing ONEUSDT
GBPAUD LONGPrice has broken structure on LTF and has started creating new higher lows and higher highs. Looking to buy on the retest to the most recent demand area. Always manage risk. Looking to fill imbalance of price above to the most recent supply zone.
GBPJPY BUYPrice has broken sttructure on LTF. Looking for a buy from the recent demand area to fill orders to the above supply created. There are two possible targets. Always manage risk.
Looking for a BTC higher low around 37kThis is the only zone I'm interested in to compound my long, otherwise I'll be looking for lower prices. dnPOC, daily order block, single prints
USDJPY BULLISH : Target 117.00, PRICE BUILDING NICELY!My previous analysis indicated a bullish triangle pattern on the daily chart and the market is reacting as expected.
Yesterday I shared a completed cycle of wave 1 with the market correcting, now we have that correction of wave 2 completed at the 0.382 fib level and the bullish trend is back.
Based on Elliott Wave guidelines, Wave 3 should be very strong and not hug the trendline, also we should expect the terminus of wave 3 at the 200% zone is wave 3 is extended, and we are definitely seeing a potential of wave 3 extending.
As always, your thoughts and feedback are always appreciated.
Signed,
Samore
EURUSD IS CORRECTING>>>> Bearish momentum is to be expected.I shared my analysis on this yesterday in the inked post. Once the market complete a 5 wave cycle it's only natural for us to expect the ABC correction, and currently we are getting just that. Wave B took the shape of a triangle patten and wave C is developing. We are likely to see a 5 wave impulse move here, but lets not get ahead of ourselves.
I have labeled the 0.382, the 0.5 and the 0.618 levels as potential zones for wave 2 to end, but I wouldn't be surprised if we retest the lows of the highlighted zones.
As always, let's see how this plays out, and I would love to hear your thoughts and feedback in the comments.
Signed,
Samore
EURUSD15M timeframe
Looking for price to come back down to discount market and mitigate some pricing before taking out the daily swing high and equal highs
[GBPJPY Backtest] Missed sell opportunity of 120+ pips w/ notesI briefly analyzed GBPJPY last night and saw that we were in a consolidation zone but in a downtrend. I attempted to take an entry based on the overall downtrend and assumed that the market was going to retrace to the 78.6 on the overall structure and touch the trendline again before going back down. However I missed many of the details of the current market structure. I went back and analyzed the things that I missed plus added some notes to explain why market made that 120+ pip move.
I had the overall direction correct, however I missed key details that the market was showing me before making the trade.
GBP / JPY Simple Break and Retest IdeaIf the price break above the level then you can go for buy after the retest till the next range
if the price break below the level then you can go for sell after the retest till the next level
All eyes on MATICPrice failed to break market structure on MATIC so people got trapped on shorts there. Bullish divergence has formed and is playing out right now. If price manages to break the 1.649 key level we could see price take off to the next key level, although I would place my Profit Target at 1.860 (which is the 161.80% fibonacci level). If price is unable to break that level, we can potentially see a new Lower Low being formed. Entry could be placed upon confirmation of breakout of the 1.649 key level, with a stop loss below that level.
SIMPLE as that The ole bounce and go. A favorite of mine. Should see a good 15% + bounce if this plays out. Reminder to take some profits.
Usd/zar 1D Timeframewe muight see institutional order flow at the resistance area and potentially look for sells after that.
Very Bearish on USDJPYThere is this cycle that the market undergoes, after a pump that seems unreal what follows is a hard dump .This scenario holds true in a lot of pairs I have examined and in various timeframes too.
I understand that this is a game of probability and only the setup with the highest chances of success should be considered. This is my setup of UJ and my bias is very bearish and this bias is reinforced by the fact that the previous order block was violated creating a new high and this might seduce traders to open buy positions, collecting orders before the epic reversal.
bearish outlook for the USD/JPYwith the RSI indicating the usd/jpy being over bought (over 70%) on the 4 hour time frame and price coming to the strong resistance zone of 110.800 - 110.740 we are getting a bearish bias. if market structure holds im having a bearish outlook for this pair. however we need to keep in mind the 14:30 news for the usd, if the news comes out as good for the dollar US I'm expecting a break above the strong resistance zone zone of 110.800 - 110.740 FX:USDJPY
EURNZD RALLYHello people.
Im Niftypiips and this is my first publication on this platform.Im no stranger to the intricacies of the market and this is my analysis on EURNZD .
Please interact with this post, im open to suggestions concerning this in the comment section. Thanks!
GU Analysis (9/7/2021)Looks like a head and shoulders formation
Daily fibonachi retracement hit the 786
weekly bear candle and a exhaustion of strength
sell is off the 1hr fib retracment 618 SL at the 786
market making lower lows
5:1 risk to reward
5 Min Trading How to Identify SMS on a High Time FrameIn this 5 Min Vid...
We are identifying how to place your SMS lines to identify SMS ie...posibility of trend change on a high Time frame.
On a low time Frame this is consider a stop hunt.
BUY GBPUSD?SWING TRADING JOURNAL
I'm bullish for GBPUSD and this is my plan
I will;
BUY GBPUSD somewhere at Green Box (try to buy as low as possible)
SL BELOW Red Line
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bullish structure still valid
6. etc
No Profit Guarantee, Good Luck!
