NAS100 Making a small way UP before heading to 13000 again? 👀Hello Traders,
I am new to Smart Money Trading and still learning 🤓
Here is my analysis on NAS100 short term for the upcoming week.
Market is making equal lows around 13630 area and I would like to see some push to the upside and break the previous recent high which is 13829 area.
I am not looking to enter buys on the retest yet. The market might trap the buyers so I will wait for the price to retrace back to around 13760 area to enter a trade.
This would be a great RR if it played out well.
This is just my market analysis for the upcoming week and I don't intend to enter immediately once price reaches the marked area. I will be looking at the smaller timeframes once the price reaches around 13760 area and decide whether it would be a great area to enter a trade.
Comment your thought below and we will see how things work out in the upcoming trading week.
OB
Order blocks and Breakers tutorial !!OB = ORDER BLOCK
The LAST BULLISH or BEARISH cand before an IMPULSE up or down, represent an OB or Order Block.
-Why do we call them order blocks and why are they important?
Order Blocks are one type of supply and demand on the market, you can expect them to act as a support or resistance depending on the impulse after them.
an OB is where larger players (whales, institutions, banks) have orders laying in wait for the price to return to a level they are interested in, so that's how they act as strong supply or demand areas.
-Which OB is bullish and which one is bearish?
the last bearish candle before an impulse up is a BULLISH OB . so we highlight that candle from tip to toe (wicks) and name it as our POTENTIAL support area.
now you can guess how the bearish one looks: the last bullish candle before an impulse down is a BEARISH OB.
NOTE: DO NOT BLINDLY BID/ASK AT THESE AREAS, THEY OFTEN TEND TO TURN INTO BREAKERS
Now what is a BREAKER:
Breaker is an OB that fails to hold and the price finally breaks through it
-Just like OBs we have bullish and bearish Breakers:
BULLISH BREAKER, when a bearish OB fails to hold as resistance and the price jumps above it we expect that area to act as support now.
vice versa with BEARISH BREAKER, when a bullish OB fails to hold as support and the price breaks it to the downside we expect that area to act as resistance now.
in my experience Breakers are often stronger than Order Blocks and the first retest on them is very successful and profitable for me. DYOR and backtest and find your own strategy.
and by the way, if you find these information useful please leave a like and comment, thanks ;)
GBPJPYLet's see if GBPJPY would react. It had some rejections on the 1H OB, let's see how the market would react.
EURAUDWill be waiting for a strong reaction at the buy zone. On the 4H tf, the market price is heading towards the uptrend. I'm still a student leaning about market structure, fundamental analysis and SMC(smart money concept), if you do have any ideas to share feel free to drop a comment below.
Let's see how the market will react to it.
Note that I'm not a signal provider nor a market analysis, take trade based on your own risk.
NZDUSD BULLISH IDEAHey guys, this pair is currently trading at the weekly and monthly bullish OB. I would be looking for reversal patterns for me to go long.
GBPJPY ON THE RISE Hello traders, here we can see GBPJPY that broke structure to the downside and got stopped at our bullish orderblock on the daily chart. current made a correction to the upside breaking current structure, just waiting to break through this trendline and we will be looking to take long positions. Good luck and Happy Trading Everyone !
CHFJPY - Multitimeframe AnalysisCJ is looking good for shorts. We have multiple confluences for it as explained in the video.
Summary:
Monthly Timeframe:
- Price has just run up higher filled in a Fair Value Gap perfectly. It seems to be reversing from here.
Weekly Timeframe:
- We have an unmitigated Orderblock. Since this orderblock was a "Sell to Buy", means that the selling positions from Smart Money are currently in extreme minus positions, and they will want to reprice lower to mitigate out of their minus positions.
Daily Timeframe:
- We are creating SMT Divergence with its correlated pair - EURJPY. This means that CHFJPY went higher to run out the buy stops and made higher highs, will EJ is creating lower highs. CJ will most likely distribute to then run lower.
- Price has just reacted off a Daily Bearish Breaker Block, which should push price lower.
- Huge Imbalance FVG Gap. Price will come back to fill it as fast as possible.
- Massive Consolidation. Below these consolidations, there are lots of sell stops that will get taken out.
H2 Timeframe:
- Potential Sell POI. Valid Orderblock + Breaker that also caused the last low to get broken to the downside (Break in Market Structure - BMS).
- We have a Bearish Trendline that has three beautiful touches. Everyone that already is in Shorts from the trendline will get liquidated at the next mitigation of the Trendline up into the OB + Breaker and sell off further from there.
XAU/USD SellsGold sells into the FVG. Entry is a on a wick rejection from the 78.6% retracement after the BOS to the downside. Another confluence was that our entry was inline with the current OB in the market for the last downside push and we just broke the daily low which has invalidated the current range and presents a bearish outlook to me.
AUDUSD Bullish OutlookFollowing Friday's COT, the aussie has strong bullish bias by the commercials and we can also see a weak dollar from the same release. What we want to see is price retrace to the 4H order block on Monday and then we get the week's low followed by a bullish push to last week's high as take profit.
EUR/USD Long SetupI'm seeing a long position setting up after this secondary retracement on EU. The POC and volume lines up well with the refined OB. The marked out range is the daily high and daily low (13-01-22)
XAUUSD Shorts I'm planning on shorting gold from this OB which was the source of the huge move down on the 5th of January. Got 1% risk on separated into two individual entries of .5% The levels marked are the open of the OB and a refined level within the OB which price could push up into for LQ and then reject off of. Time will tell!
GBP/USD Sell AnalysisMy previous Sell position charted up for cable played out perfectly and price reacted from the OB where the TP was placed (1.35325) Now price is pushing back up to fill the un-mitigated areas from the push down. I've identified an order block and refined it on the 1M timeframe. This is where my intended entry is going to be. The target is the new OB created at the bottom of the current range we're in and I've placed the SL just above the previous high of this range. POC is currently above price and we're in a period of consolidation currently.
XAU/USD LongI'm seeing a very bullish move on gold coming. We've had a stop hunt / LQ grab for this push down with a fake-out break of structure to the downside. The entry is the gold low from December 22nd. and the target is the 70.5% retracement of the push down.
The current POC of gold and overall volume control is at the 1823 range so this would favor a push to the upside also to grab liquidity for the next move.
GBP/USDShort Setup on cable using the OB and volume located within the Asia consolidation. the entry marked up also matches up as a 50% retracement of the bearish move from the 5th of January. Target is LQ which is the liquidity pool where this move originated from.
GBPJPY SHORT IDEAHey guys, i expect this pair to fall after trading to the weekly bearish order block
BTCUSDTPERP - 4H - SMC | Wyckoff AnalysisBTC grabbed liquidity on the higher timeframe (51900 area) before having a big accumulation on the 4H timeframe. This accumulation formed in a support area where I am looking for a good "spring"
for a much beautiful and better Wyckoff Accumulation, although it is materializing now, It's whole alot better if it grabs liquidity on the strong support. Hence, My overall bias is Bullish, I will be looking for Longs.
GBP Expecting Lower PricesThis is the Daily Timeframe.
KEEP IN MIND: This analysis is solely based upon Institutional Structure, nothing else.
When an impulse takes out a previous low, it creates a Break of Market Structure (BMS), showing signs of weakness. When a previous low has been violated, the swing high that was formed prior to the violation of the low turns into a Protected High (PH). This means that we expect the market to sustain bearishly and stay BELOW the Protected High.
GBP has kept breaking lows and creating new PH's whom none of them have yet been violated to the upside.
I expect GBP to keep moving lower. I am only bearish until we break a newly created PH to the UPSIDE , as this means that we might move higher. But as long as GBP keeps doing these moves we can expect GBP to weaken in the long run.
The Weekly timeframe is doing the exact same thing, and I expect GBP's price to go lower for the next months UNTIL we break a PH to the upside, showing signs of strength.
EURGBP(UPDATE)There might be a Wyckoff distribution on EURGBP. There is also a huge imbalance area that the price might need to clear off. I'm taking a short trade on EurGbp on the daily since last week.
please take trade based on your own mm, I'm not a financial advisor.
1INCH/USDT - 1hHELLO
1INCH/USDT : 1h
Looking for a short if there is a distribution.
Target : HTF OB
ALWAYS USE A SL !
EURNZD Sniper Entry I took this trade on the 18 of November but never publish it on Tradingview.
Price was accumulating on my red zone with a Wyckoff pattern, and I took the entry on when the Spring phase took place, ready to take stoplosses on the market.
Price reacted really good on my zone and I took the entry on lower tieme frames.
PERFECT SNIPER ENTRY 🎯
For the record.
EURJPY Bullish swingEURJPY has been in a bearish correction as we can see on the WEEKLY time frame, breaking the the previous LL, where liquidity was located.
Price is close getting closer to our POI (Point of Interest) 126.300 where is the bullish institutional candle that concord with the weekly HL support zone.
If the bullish rally take place I would look to take Profit on TP1_136.700 or TP2_132.00
Potential Shark Forming 🦈🦈USOIL - Looking to go long today, price right now is in a trap zone (Buying at current level is risky) Unless you want to use a larger SL.
I want to see a false move to the downside tapping the WL (Or getting close) before buying in (For the perfect scenario)
It's a very nice PRZ with lots of confluence, we also have bullish PA on the HTF/trapped liquidity above.
Will be USOIL for buys at the 66.70 level!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
