Marketstructure
USDJPY, Are the Bulls back in control?UJ was on a bearish run from 07/09-07/14. On the Friday before the market closed UJ reached a key daily Supply/Demand level and closed above the zone. In the screen shot above is a projection of where the market will go. To confirm the bullish run, price must close above the daily supply/demand area @138.776. Once the four hour candle is closed above the area, look for the next major 4 hour supply/demand area that price could possibly begin to reject. Once a pullback occurs and closes above either the daily supply/demand zone or 4hr supply/demand zone, take your long entries and hold to your comfort.
is this just a temporary bull market run or will the bears strike back?
CADJPY I'm anticipating to see a further bearish continuation movement of CADJPY as from what I have observed through my analysis, is that we're currently in a bullish leg which is supported by the continuation flags that form along the movement. On the current trade, I'm looking forward to a short trade on CADJPY as I'm given insight by the current continuation flag that is formed.
Smart Money Liquidity Grab Or Shift In Market Structure?Look at the Us30, and GBPUSD charts attached to this post, what do you see????
OANDA:GBPUSD
OANDA:US30USD
GBPUSD
Do you see a shift in market structure or Liquidity grab by smart money algorithm?
In financial market trading, one key to determine where the liquidity that the market will run next is located is to ask yourself who are those making money from the current move....
Where are they likely to trail their stops to.
Whatever your answer is, that is the liquidity the algorithm will most likely run first to continue in the intended direction...
In the charts examples attached to this post, market was bullish, then the smart money algorithm drive price lower to break the recent and obvious recent swing low to take out all the sell stops below that low, and induce new traders to go short thinking that the market is now bearish.
But price rebalance in imbalance below the lows and then push higher.
That is a smart money liquidity grab not shift in market structure.
With this understanding, you should now be able to understand that not all structure shift in a bullish or bearish market is a shift in market structure.
The majority are liquidity grabs by smart money algorithm.
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Gold Bullish AnticipationPrice is currently in a weekly Fair Value Gap (BISI) and has not fill the sell side inefficiency completely. Expecting price to fill the imbalance down to 1870 which is also a weekly reclaimed OB, thereby taking out June low (sell side liquidity) before making moves higher to 2080 and clearing the monthly buyside liquidity.
GOLD LAST DROP OF WAVE AConsidering the whole movement, we are currently in a corrective wave which contains three waves(ABC waves). Ending diagonal at the last wave of C and it carries 5 subwaves but we currently at the 4th wave. A breakout of the red trendline will signify more sells to to complete the 5th wave filling the defined gap clearly seen on D1 timeframe.
Bitcoin is Consolidating Upwards ₿Bitcoin is slowly probing into higher prices testing short liquidity and accumulating orders in view. After a 25% pump last week or 2 weeks ago whenever I would've liked to see Sellers take over already. Instead these " High prices" maintain and price sustains itself. Price is creating Higher Lows and is what should be anticipated in an increasing market. My thoughts are that we may see an increase in BTC early in the month here and a consequential pullback later in the month. The Level's I've drawn up will be the most relevant throughout the first half of this month.
Ethereum Retest after a Breakout 📕We've created a bottom wick on the new monthly candle of 2.5%. The Weekly candle closed strongly above the Weekly Resistance zone to the left hand side at $1,909. We can observe a clear Higher high in market structure that formed pushing price up to $1,976. We have clean traffic (clean and clear candles) to the left hand side on the 4hr and Daily timeframe up to $1,995. Textbook break and retest for Ethereum here for a continuation higher. Price is retesting our previous 4hr resistance which may turn into support.. It's possible price may want to retrace a bit more to $1,924 Daily support level that was formed after Sunday's price action.
4Hr Chart ->
Daily Chart ->
BANK NIFTY - ALL TARGETS DONE - 04/07/2023HELLO TRADERS
How was todays market
Today we have seen False BreakDown at the morning time
but that break down was fails in retest and again it comes back to Up movement and reached all targets perfectly
Are you happy with my nifty targets
How many Traders received this profits today
please Comment below in the Comment Box
I need all your Responses, Then only i will give more accurate Strategies daily with your support
Matic/Usdt Update Hello traders
In the previous post, the matic shared an opportunity to sell at 4H POI
Indeed, the price fell from it, but extracted the liquidity and continued to rise
Now, if it breaks 0.6800 with the body of a candle, we will look for buying opportunities to target the Swing High
SPY Analysis SPY 65m: An acute SPY study shared with peers was used to example the weekly movement of SPY. SPY vs ES was used as a benchmark for S&P Cash Index due to intraday activity (as of recent). Using the 65m horizon, key inflection points were identified using market structure and regression analysis.
Session highs for the index ending the week and quarter and marking a new yearly high with current price for SPY trading at 443.28 at the end of session. With July historically associated as a risk on period for the market, longer term bias for neutral-bullish remains (please seek 6WK study for ES1).
Forward looking (on acute horizon), fibonacci analysis was applied to current structure being developed during price rediscovery and confidence of character being developed where key levels are: 444.30 (HOD), 443.99, 443.62, *443.09*, *442.71*, 441.91, 441.11
*Prices of higher interest using fibonacci application
Bias: Neutral to risk on
ATR: 4.27
Price at time of publish: 443.28 (amc)
📚 Bow & Arrow Pattern 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Today, I want to share an interesting pattern that I always use to speculate (to an extent) the next move of an asset.
🏹 I call it the "Bow & Arrow" pattern.
This pattern can be either bullish or bearish, but for today, I will be focusing on the bullish reversal patterns.
On the chart, I have highlighted three previous examples for illustration purposes (in red, orange, and purple).
The pattern consists of three cycles:
1️⃣ First, there is a bearish impulse that breaks below a major low.
2️⃣ Second, a correction forms followed by another bearish impulse.
3️⃣ Third, the bulls take over, resulting in a complete shift in momentum.
📉 We can clearly see this pattern playing out nicely on the XRP weekly chart.
If we apply the same logic and pattern to the current price action, we would expect the next bullish impulse movement (3️⃣) to start soon, which should be confirmed on lower timeframes.
🗒 What do you think?
Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
Ethereum Classic to rally toward $21 soonThe H4 market structure was bearish, with the blue line highlighting the bearish MSB. However, the previous move upward that shifted the trend bullish was used to plot a set of Fibonacci retracement levels.
They showed the 50% retracement level at $17.06- a level that was tested a few hours earlier. It offered a good R:R opportunity to long, with invalidation below the 61.8% level.
Traders can re-evaluate the market in case prices drop below $16.43
Entry: $17.31
Stop-loss: $16.28
Take-Profit: $21
R:R: 3.58
BASIC INDICATOR GUIDE & MARKET PHASESBasic Indicator Guide for Trading.
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✅Moving Averages: Moving averages calculate the average price over a specific period to smooth out price fluctuations and identify trends.
✅Parabolic SAR: The Parabolic SAR places dots above or below the price to indicate potential trend reversals, helping traders identify when to enter or exit positions.
✅RSI Indicator: The Relative Strength Index (RSI) measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and values below 30 indicating oversold conditions.
✅MACD Indicator: The Moving Average Convergence Divergence (MACD) consists of two lines and a histogram. It helps identify trend changes and momentum shifts by analyzing the relationship between two moving averages.
✅ATR: The Average True Range (ATR) measures market volatility by calculating the average range between high and low prices. It helps determine stop-loss levels and position sizing based on current volatility.
✅Bollinger Bands: Bollinger Bands consist of a middle band (usually a moving average) and two outer bands representing price standard deviation. They indicate volatility, with wider bands suggesting higher volatility and narrower bands indicating lower volatility. They also help identify potential price reversals.
Which is your favourite indicator? Comment below👇🏻
EUR/USD VIEW IF POSSIBLEPlease if you found this helpful, kindly give me a like, follow and let us discuss it in the comment section.
First lets us wait for the correction to complete in order to get clear direction. The market price needs to test around 1.07839, and 0.07650 to form a clear bullish trend. We have ABCD already, but let us wait for wave E completion. After E wave we should prepare for the next bullish moves.
Goodluck
The Master Pattern - 3 Phases of the Market | Smart Money THE 3 PHASES OF THE MARKET
The market goes through 3 phases, these phases can be seen on all assets and on all time frames. They happen on repeat.
These phases can be identified and market on your chart, to understand the true intentions of the market and also predict what will happen next.
1) CONTRACTION PHASE
When price forms a LH and HL this is the start of the contraction phase, you draw a box around it. This is when the buyers and sellers equalize and there is low institutional volume. This is a leading indication, letting you know the expansion phase is going to come next.
2) EXPANSION PHASE
As soon as price expands out side of the contraction box this confirms the expansion phase has started. Price likes to whipsaw around the value line multiple times liquidation both sides of the market, this is how the market makers fill their massive orders. This symbolized volume coming back into the market. This is the phase where most retailers lose their money.
3) TREND PHASE
The trend phase is the 3rd phase in the market and this is the profit taking phase. This is the phase where the market makers take profits off their previously accumulated positions. This is the best phase to trade and the safest phase to trade.
When you understand these 3 phases, it can give you a deeper understanding to the Rhythm of the market and help you understand what will happen next.
By knowing what phase you are in, you are able to trade it according to its characteristic's.
The master pattern concepts is the the real smart money concepts.
Hope this helps.
MID TERM - LONG UPTRENDGold is expected to retest the resistance level at $1960 and then retrace back to the $1885 level. Let's break down this idea logically:
Influence of liquidity pools on the potential retesting of the $1960 level and subsequent retracement to $1885 in gold.
Liquidity Pools: A liquidity pool refers to a pool of funds provided by market participants to facilitate trading in decentralized exchanges or other financial platforms. These pools contribute to market liquidity, allowing for efficient trading and price discovery.
Resistance at $1960: If there is a significant liquidity pool near the $1960 resistance level, it can impact market dynamics. A well-capitalized liquidity pool can attract sellers as the price approaches the resistance, potentially leading to increased selling pressure and a retest of the resistance.
Retracement to $1885: Liquidity pools can also influence price retracements by providing liquidity and support levels in the market.
Retracement to $1885: If there is a substantial liquidity pool or a cluster of buy orders near the $1885 level, it can act as a support zone. Traders may anticipate buyers stepping in to take advantage of the liquidity provided by the pool, potentially leading to a retracement in price toward the $1885 level.
Considering the presence of liquidity pools near resistance and support levels, traders who predict a retest of the $1960 resistance level and a subsequent retracement to $1885 may base their thesis on the potential impact of liquidity pools on market behavior.
Please note that market conditions can change rapidly, and various factors can influence gold prices. It's essential to conduct thorough research, monitor market trends, and use appropriate risk management techniques when making trading decisions.