Short tradeSellside trade
Pair BTCUSD
Sun 10th Nov 24
Entry 79621.6
Profit level 79064.1 (0.70%)
Stop level 79688.0 (0.08%)
RR 8.4
Reason for entry: Breaking all time high
Multiple Time Frame Analysis
NZDCHF LONGMarket structure Bullish on HTFs DH
Entry at Weekly and Daily AOi
Weekly Rejection At AOi
Daily Rejection At AOi
Daily Previous Structure Point
around Psychological Level 0.52000
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 6.2
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
Short trade
2min TF overview and entry
Sellside trade
Pair BTCUSD
Sun 10th Nov 24
Entry 79981.1
Profit level 79219.2 (0.95%)
Stop level 80148.3 (0.21%)
RR 4.56
Reason for Sellside entry:
Breaking a time high 79.600
DOGEUSDT.P / LONG / M15DOGEUSDT Potential Rise from the Bullish Order Block
Bullish Order Block: 0.22732 and 0.22377
Analysis: DOGEUSDT is currently in a bullish order block between 0.22732 and 0.22377, which suggests a potential support zone where buying pressure could increase. Price has already touched this order block, indicating it may be primed for a rebound.
DOGEUSDT.P / LONG / M15
Leverage :- 75x
Entry Price :-0.22888
Take Profit :- 0.23843
Stop Loss :- 0.21933
GBPUSD Live Week 46 Swing ZonesRecovery in full with extra credit characterized Week 45.
Trading with $200 gives about 10-15 trades using 10-15pips SL.
SZ are calculated based on previous 2 weeks high/low with price action being the key determiner using multi-time frame candles.
dtp: dynamic take profit
SL: stoploss
If you have #BNB, this is for you :)There is an important zone in the range of $630-640 for #BNB that will be tested in the next few days, if this zone is broken. Then stabilizes, the price will be ready to break new highs like $800. In the area of $640, we will see the initial unloading of buyers and then the price drop, if the trend line remains on the valid form after this drop, the validity of the trend will be very high to break $640.
Bitcoin (BTCUSD) - There's A Problem...On the 29th Oct 2024, you would expect a blow out top, sweeping all time highs, running on all time highs whilst maintaining a strong bullish closure going into the ending of the week but what we are seeing right now is a bullish shooting star formation with the candle body currently under the previous 2 weeks highs. This signifies weakness in bullish momentum, especially if price closes this way on Sunday.
Relief retracement back down to $65,000, even if it's a manipulated spike down to that region does not seem far fetched.
Gold (XAUUSD) - Is $3,000 Per Oz Possible In 2024?There is growing sentiment for gold to reach $3,000 per oz, with the market peaking @ $2,790 current all time highs.
Minor retracements is healthy in the grand scheme of the bull run and bearish continuation down to the daily fair value gap @ $2,214 - $2,697, taking daily buyside liquidity is a reasonable draw going into next week.
EUR/USD - Will We See Bearish Continuation? Much clearer price action than GBPUSD, with Friday rejecting the weekly order block, closing below the prior days low.
Daily bullish order block up for grabs, aiming for low hanging fruits @ 1.07793 - 1.08069.
Very cautious as the US elections is right around the corner.
GBP/USD - Fickle Market Conditions There will be times where higher probability conditions presents itself in GBPUSD but for now, the market is riddled with high resistance, ever since we have dropped down into a discount below 1.30497.
With the election taking place on the 5th November 2024, next week, i am expecting volatility.
Dow Jones (YMZ2024) - Patience Pays In Conditions Like ThisIt's the best time to sit on your hands and gather more price data as there is a lot going on right now making the probabilities for a draw on Sellside 50/50.
High probability trading conditions is where i thrive in but right now, we are not seeing that.
Nasdaq (NQZ2024) - Better Trading Conditions Is ComingSimilar to S&P 500, we have seen a lot of high resistance periods, making it challenging to anticipate with a high accuracy where the next draw on liquidity will be.
Recently, we have seen a shift in market structure, with $20,398* being the weekly consequent encroachment for this week.
S&P 500 (ESZ2024) - It's Margin Call SeasonIt's been a rough few weeks for traders as many are complaining about high resistance conditions throughout the past couple of weeks and booyyyy are they right!
Although i have managed to eek a tiny bit of success recently in these conditions, I HIGHLY RECCOMEND against trading with maximum leverage in conditions like this, especially if not a scalper.
Unfinished business @ Sellside is tickling my fancy @ $5,725.25
Dollar Index - Believe In The Bulls!For close to 2 weeks price has been stagnating but when you take the overall medium term trend into consideration, you have to ask yourself this; does this minor relief rally have the possibility of causing a major market structure shift before reaching a major buyside liquidity pool above 104.636?
US T-Bonds - Will Buyers Continue To See Pain?Slowly we see the decline in price action and although it's a very choppy time we are in, the continuation to the downside, at least down to 115.30 going into the next weeks seem very reasonable.
Although bearish, placing shorts in market conditions like this is high risk.
It's worth, at times waiting for the market to draw to you.
US 10Y Yields - 4.493% Is Up For Debating Bullish but taking a lot of cautions due to the current sentiment at the moment.
Low resistance liquidity run from 3.599% to 4.386% in a little over 7 weeks is a trend that could continue but as a trader who likes to see both sides of the story, it's; only a matter of time before the trend will reverse.
The real question is when??
AVAXUSDT.P / M15 / LONGAVAXUSDT may rise from the Bullish Order Block
Pair: AVAXUSDT
Analysis: Smart Money Concepts (SMC)
Trend: Uptrend
Bullish Order Block: 28.363 - 27.832
AVAXUSDT is showing a strong uptrend, and I’ve identified a Bullish Order Block between 28.363 and 27.832. Price may potentially rise from this order block as it serves as a support zone for buyers. Given the bullish trend, taking a direct entry with a small lot could be favorable, aiming to capitalize on the trend continuation.
There is a high probability that this trade will end in profit, provided the price respects this bullish order block. Let’s watch and see how price action unfolds. I’ll update the analysis as necessary!
AVAXUSDT.P / M15 / LONG
LEVERAGE :- 25X
Entry Price :- 28.363
Take Profit :- 29.831
Stop Loss :- 26.895
POTENTIAL SHORT OPPORTUNITY USDCADHello everybody hope you are doing awesome! Just wanted to come on here and give a potential swing trading opportunity I see on the US DOLLAR VS CANADIAN DOLLAR (USDCAD). So let's dive in!
Okay so let me give a breakdown for each timeframe of what I am seeing that led to my bias of the next potential move on USDCAD being to the downside for this upcoming week.
Weekly Timeframe
1. Price is overbought coming into a past supply/resistance zone. Price last week left a downside wick (hanging man) formation which I believe will be filled
2. There is a nice demand zone and bullish trendline lining up to the downside (ALSO fib retracement 78.6% confluence)
Daily Timeframe
1. Price is slowing down
2. Extreme bearish divergence on the daily timeframe
3. RSI is in overbought conditions (which you can see what has happened in the past)
4H Timeframe
1. Watching the buyer momentum making sure it isn't too strong (dominant)
2. Extreme bearish divergence as well
3. Watching for a run of weekly highs and maybe double divergence/run of highs
ALRIGHT! Hope that made sense! I definitely see a good amount of potential confluence here on this setup so let's see how price forms this week and see if it plays out to the downside!
If you enjoyed the analysis as always please boost this post and follow my page for more analysis! Cheers!
Incoming 50% collapse to $70 for AirBnb“Airbnb a tech company and its founder and CEO Brian Chesky isn't shy about that.”
source: hotelsmag.com
It’s an online letting agent!
A $86 billion one at that. Feels like WeWork Déjà vu all all over again. A landlord with a cool name and a website now becomes a tech company.
AirBnb was always on my list for accommodation searches when travelling. Today a hotel is almost always my first choice, even if that is for a stay of up to 10 days.
What changed?
1) Affordability. I draw the line when the cost of a mediocre “key-code” to enter AirBnb accommodation matches that of a 4 or 5 star hotel. I don’t know what hosts are thinking. One possibility is servicing overstretched mortgage costs.
2) Gentrification. Affordable housing has been swallowed up by landlords as they exchange from longterm to short term holiday lets in the pursuit of more money. The landlords can’t be blamed when interest rates have been so low, but the effect on city centres is evident. One city centre I visited a few months ago, the whole townhouse was AirBnb’d divided into several units. Depressing.
I think we’re now on the verge of a swell of those Landlords selling up as it becomes clearer with each month there are easier ways to make money whilst not holding onto an overpriced asset.
If I’m correct, the selling pressure will ultimately impact the business model, charging overpricd fees. Speaking of fees..
3) Cleaning fees. Don’t get me started.
Imagine checking out of a hotel “And your cleaning fee...”
The technical analysis
On the above weekly chart:
1) Price action and RSI support breakouts have printed.
2) Broken market structure. This is a perfect technical example of broken market structure confirming resistance from the last higher low. A trend reversal is now confirmed.
3) The Bear flag has confirmed. Past support confirms as strong rejection. Price action is forecast to strike $70
Is it possible price action continues to print upwards and onwards? Sure.
Is it probable? No.
Ww
MGC Short 11/7/2024MGC is in a downtrend in 4hr chart. Placed a short position in confluence HV SZ. Risk= $200. Target= 1:1 and close to daily DZ.
MCL Short 11/6/2024MCL is in an uptrend. But price made a LH DT. CL inventories report is bearish with high supply. Placed a short position in HV SZ. Taking half risk because it is a countertrend trade. Risk= $125. Target= 1:1 and gap fill.
XAU/USD 08 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bullish CHoCH indicating bullish pullback phase initiation.
Price has reacted from premium of 50% established internal range.
Intraday Expectation: Price is expected to weak internal low priced at 2,643.355
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price Action Analysis: Price has printed a bullish iBOS followed by a bearish CHoCH, indicating the initiation of a bearish pullback phase.
Intraday Expectation: Technically, price is expected to react from either the discount of 50% internal equilibrium level (EQ) or the M15 demand zone before targeting the weak internal high.
Alternative Scenario: Given that the H4 timeframe is in a bullish pullback phase, it's no surprise that the M15 chart has printed a bullish iBOS. However, with H4 price trading up to premium of 50% internal EQ and reacting from that premium zone, it wouldn’t be surprising if the price prints a bearish iBOS.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
