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Nakedchartanalysis

AUDNZD - Price Inefficiencies Overlooked...As AUDNZD started to put a whooping on me, I then started doing my top down analysis (Ironically after having entered a knee-jerk short). Poor planning on my part and I see that I should have been long all along. A beautiful inverse head/shoulders with a nice compressed move back to the Quasimodo. It was interesting to note the fractal QM at the accumulation area along with the interesting RSI display. Seeing that compressed, wedge-like move back, along with the clearly divergent RSI, it was quite a nice set up and a beautiful example of neutralization of sell-side liquidity and the indomitable propensity of price to bring efficiency along with it. Hats off to price! The shaded areas were price inefficiency areas derived from the h4/h1/m15. The blue verticals are delineating NY midnight opening price (a bit of ICT). Thanks for stopping in.
by tradesetups
Naked Trading S&P. Long/Ranging bias.If I was a market maker I would see the high and low points, and bounce price back and forth until the end of time, taking everyone's money, and inhaling it's sweet aroma until becoming a decaying corpse. I believe the paper would outlast the corpse. Good thing I'm not a market maker. This is currently a 25 point range, but with extreme bullish sentiment entering, you have to imagine the bulls are going to pile in and push the ceiling up. For this reason, I look below price at areas where buyers came out to show their support. At these points I would have my orders/alerts placed to capture any moments of bullish uncertainty. By bullish uncertainty, I am referring to times when a bull market turns downward and is sharply pointed back up. In contrast to a healthy pullback, in bullish uncertainty, I am only looking for price to wick down before remembering that it is, in fact, bullish. It's a nice story, but does it actually happen in nature? I have captured enough of these to confuse myself with the chosen one, but I don't think it's a totally reliable strategy. ---- Again. This is why I prefer minute charts. Too many possible outcomes. In a world where simple is better, why not just love the minute charts? That grey box looks like a nice area to play some back-and-forth if you're into that.
CME_MINI:ESM2021Long
by emehoke
GBPUSD LongsGBPUSD high & low timeframes are providing a potential long position for the coming week. What we have here is a market that is trapped between two large psychological levels - 1.4100 & 1.3800. From a bounce at 1.3800 the market has been shifting direction from downside to upside with its momentum and a lot of liquidity sitting above 1.4000 could draw prices higher this week. I am looking for the market to move over 1.4000 and potentially push an additional 100 pips into 1.41000. Right now I am focusing on the demand zone & key level 1.38750 for my entry zone to bring this market higher. Trade safe & manage risk as always.
Long
by jeafxtrading
3
USDJPY Long with 2 confluences (Zero Indicators)Confluences: 1: Weekly Chart trendline breakout 2: Trend is bullish as price seems to be making Higher Lows and New Highs on the Weekly Time Frame Entry: We will be looking to enter this trade towards the middle of next week. As we can see by looking at the weekly chart, this is a fresh breakout. There is the risk that price may pull back towards the low of the current week, retest the trendline before continuing bullish. Lets see how the first half of next week plays out. This will give us a chance to reassess the trade as well as the risk reward ratio. Note that the pair is extremely extended so its best to wait for a Higher Low to form before we can start looking for entries.
Long
by NDOBObanks
EURUSD Short with 3 Listed Confluences (Naked Charts)Confluence: 1. Weekly Chart Trendline breakout and close. 2. Weekly Chart Double Top pattern formation (Not textbook style double top pattern). Price seems to have failed to create a new high. 3. Trend is bearish as price is making Lower Highs and New Lows. Entry: The way the market is positioned on the weekly chart shows this is a fresh breakout. 70-80% of the time, traders who enter straight after a breakout pattern occurs are likely to get stopped out. We will be looking to take the trade towards the middle of next week (Wednesday) as price might push back up to retest the trendline so it is important to wait and see how the price moves after the breakout. This will also give us a chance to reassess the risk reward ratio of the trade. Will be holding this trade between 3 - 4 week or until take profit is reached (Whichever comes first).
Short
by NDOBObanks
1