Orderblock
Potential ReversalHaving slept through all the action I wake up to see that we have came right down from the 4hour OrderBlock level which I had anticipated shortly after the fakeout reclaim of 18750 making the Asia Low. This was too easy of a long to spot, I expect some sort of revisit to this level, potentially after a classic NY reverse if we can make that quite greedy level. I will forget this play (since it is primarily targetting just a 5min OB which isnt a big deal) if we fall below the current LON low, there I will look for more conservative entries.
CADCHF.... POTENTIAL LONG OPPORTUNITYHello traders,
I know its been a while since I post a trade idea. Reason is that, my style of trading doesn't allow me take so many trades and it is only trades that I am interested in I post here.
For CADCHF, I am bearish as price hit a strong weekly supply region. However, there might be a long opportunity as price has cleared the daily equal lows (switch to daily timeframe and look left). This should give liquidity for the bullish move.
Do note that price can still go lower to tap into a stronger demand zone at 0.7310. But right now, based on my trading plan, this pair is ready to go long. If it goes against me, I will be looking at the 0.7310 region for market to shift to a bullish structure. At this level, I am sure that there will be a strong demand for CAD.
Let me know your thoughts in the comments.
Cheers!!!
EURCHF M15This is a continuation pattern. prize bias is bearish . on the M15 timeframe prize is making significant LH & LL. so since prize broke the previous low it retraced back to the H1 orderblock /supply zone. so from this zone we are anticipating bears to continue pushing prize to the downside.
#TRADE WITH BIG GAINS AND THE BANK WAY
Nasdaq Firstly Order Block Short, Later LongNasdaq firstly order block short, later head shoulders long can follow zones.
EURUSD 4H TFHi everybody
We have here EURUSD 4 hour timeframe.
We are in a range as you see, price comes to discount, hunt sellside LQ and then we see a displacement.
Also you can see POW3 (ACC, MAN, DIST).
Price comes back to imbalance, touch the OB and is going higher.
I determine 2 point as targets.
EURUSD.... SEE WHY MANY PEOPLE LOST THIS TRADE... AVOID ITHello Traders,
So today I am doing a trade recap on a trade I lost due to lack of detail. Note, in trading, after knowing how trading works, every thing comes down to the level of attention/detail you give to your chart.
Detail, detail, detail... never forget.
I have labelled the chart accordingly so your understanding can be seamless. But if you still need clarity let me know.
I use my weekend to analyse why my trade won or lost. And this is an approach to trading that people should undertake. This should come after journaling your trade.
The thing is, you will make mistakes, you will not see everything (detail) but continue. Reduce the number of pairs you trade, reduce the indicators, reduce the trendlines and every other thing... Your chart should be clear and easy on the eyes. I only look at 10 markets (the 7 majors and AUDNZD, CADCHF & EURGBP). I add the 3 crosses only because I want to have alternative for all the currencies excluding JPY. I don't use indicators (not saying it is bad but reduce it), I don't use trendline (because price is moves horizontally - unpopular opinion).
When you have just a few pairs, you are able to understand the moves better and you can free your brain from analysing so many pairs. Just imagine using indicators, lines upon lines, and the market changes form... now you need to start all over again your analysis on all your multiple markets, looking at so many things. Trust me, you are bound to miss the obvious details not to talk of the hidden ones and its a lot of work. I am sure you must have experienced it.
I am still very bullish on EURUSD and right now, I am not looking for an entry, I am waiting for a break of the 4H high then I will look for an entry which I will share on my page.
If you would like to see it, all you need to do is click on follow.
I will also link my previous analysis on EURUSD, AUDNZD, USDJPY
Stay tuned for more.
BR.
David
GBPUSD LONGDOA
-Killzone Time: 11:00PM CST
-Session: Asian (Pre-London)
-Time of Execution: 2:15AM
-Date: 6/16/2022
-Day of Week: Thursday
Entry
-POI: 5MIN OB (No FVG Available)
-Risk to Reward: 1:7.3
-Position: Buy by Market
-SL: 20.3
-TP: 148.1
Moral
-Change of Character on 2HR Chart
-Bullish OB
-Mitigated Daily FVG
-Buyside Liquidity Equal Highs on H1
-Bullish Doji on Daily
Results
-Target Reached
-Took Profits at 89pips (+4.1%)
-GBP Bank Rate News released at 6AM
-Price spiked down below entry then proceeded to take out Buyside Liquidity (EQHs)
Lesson
-You SEE what YOU SEE
-You KNOW what YOU KNOW
-Take the trade and don't look back
-Don't seek confirmation from others
-CHECK NEWS DAILY
-HOLD YOUR TRADES DUDE!!!!!!!
-Trust yourself..
GBPUSD LONGDOA
-Killzone Time: 8:00PM CST
-Session: Asian (Pre-London)
-Time of Execution: 12:00AM
-Date: 6/15/2022
-Day of Week: Wednesday
Entry
-POI: 2HR OB
-Risk to Reward: 1:4.65
-Position: Buy Limit
-SL: 36.4
-TP: 169.4
Moral
-Change of Character on 2HR Chart
-Bullish OB
-Mitigated Daily FVG
Results
-Target Reached
-Potential (+4.65%)
-Didn't take trade
Lesson
-You SEE what YOU SEE
-You KNOW what YOU KNOW
-Take the trade and don't look back
-Don't seek confirmation from others
USDJPY.... THE GREAT BEARISH MOVE... 800 PIPSHello Traders,
I hope this week has been good so far... Well for me, I took a loss yesterday night on AUDNZD... forgot to close my sell order before the market closed... Price got to my sell limit and spread took me out... I was livid but it was really my fault... So lesson learnt...I am still monitoring to see if the short is valid and I can enter based on my trading plan.... We move.
Now... USDJPY - a pair I have been monitoring closely. As at yesterday, I noticed on tradingview that people had already started selling. Do I think they are wrong? NO. Because if they are sell according to their trading strategy its fine but for me I feel the move might start by New York open today... so watch out.
What this would mean is that, USDJPY will be bullish to takeout early sellers and we can then look for shorts on lower timeframes.
Why am I convinced of this 800 pips move to 127.000 ? USDJPY is in a VERY strong supply region. I see this pair going to 115.000 (this is a longer term view tho).
Like this post if you agree with the trade idea..
Follow for more.
BR
David
EURUSD...MASSIVE BULLISH MOVE... GET READY !!!Hello Guys,
I have been monitoring this pair for some time and based on the market structure and price action, I think EURUSD is set to make the bullish move.
First off, this pair has tapped into the monthly demand zone and also taken out whatever liquidity on the daily time frame that caused the bullish move about a month ago. Like I always say, the market must take to give.
This is typical and is necessary. I have noticed that whatever impulse move up or down that breaks a significant high or low, price is going to sweep the liquidity that caused that move. This is understandable because, stop-losses are there, people have buy-stops there too and the ultimate one is, people that have identified a supposed order block to trade from.
If you are interested in the trade idea, make sure you enter based on your trading plan. For me, I will look for an entry on lower timeframes.
Some other pairs are lining up for a trade opportunity. Ensure you follow so that you do not miss out.
The market is ever changing and people must learn to adapt.
Like and follow for more.
Cheers!
David
[Bitcoin] Finally, the bottom is renewed.#Crack #Bitcoin #Binance #Daily
- In the end, a bearish breakout of triangular convergence and a bearish breakout of the $28.1k important support line appeared.
- In the medium to long term, additional drops should be kept in mind because the $28k line support has failed. If the long-term bearish Fibonacci extension level of 0.618 and the support near $25,890, where the lower end of the short-term bearish channel overlaps, succeeds, we can expect a short-term trend rebound.
- If a short-term rebound occurs, we can expect an bull trend to the $29,800-$30,148 section, where the upper part of the key volume profile price is $29.8k, the long-term bearish rend Fibonacci expansion 0.5 level, $30,148, and the lower triangle convergence.
- When a short-term rebound occurs in the situation where the $26,700 low is updated, if the above-mentioned resistance section of $29,800-$30,148 is broken and the $32,658.99 high is updated, the remaining June will not have a major direction, and we can be predicted a widening pattern or diamond pattern formation.
- If the $25,890 support fails and goes down, you can expect support from the three large bids of $22.7k-$23.8k / $17.1k-$19.7k / $10k-$12.1k.
- When a bearish trend is in progress, you must respond with the decline in the $10,909-$12,107 range, where the long-term bear trend wave Fibonacci Expansion Level 1 and the mid-term bear trend wave Fibonacci Expansion Level 1 are located.
AUDJPY.... WE ARE SET FOR A SHORT TRADEHello guys,
AUDJPY has approached a monthly supply zone but this does not mean I am expecting an overall massive reversal. If you look on the weekly timeframe, the pair is quite bullish in structure but I think its more of a bullish trap that a bullish move. Since price took out liquidity of the previous weekly high and is at a supply zone, it should be expected that price will use this liquidity to create a complex pullback which I will use to takeout the previous weekly low.
If you are interested in this short trade, ensure you go on LTFs to be get confirmation to enter a short trade once price hits the sell zone (red ellipse).
Like and follow for more.
BR
David
GBPJPY.... THE PERFECT SHORT OPPORTUNITYHello guys,
GBPJPY has approached a monthly supply zone but this does not mean I am expecting an overall massive reversal. If you look on the weekly timeframe, the pair is quite bullish in structure but I think its more of a bullish trap that a bullish move. Since price took out liquidity of the previous weekly high and is at a supply zone, it should be expected that price will use this liquidity to create a complex pullback which I will use to takeout the previous weekly low.
If you are interested in this short trade, ensure you go on LTFs to be get confirmation to enter a short trade once price hits the sell zone (red ellipse).
Like and follow for more.
BR
David
CADCHF.... BEARISH TRADE IDEAGreetings guys,
I have come again to give you trade ideas and market secrets (mines ;)).
CADCHF has been bullish for some weeks then we had the bearish retracement (impulsive). Currently we are bullish both on the daily and weekly timeframe. But... there is a but... Price has a monthly strong bullish bias but as I have noticed over time, it will not make this move unless it takes out liquidity (trigger stop losses).
This simply means that we should be expecting a complex pullback to take out the daily low and have a proper retracement on the weekly timeframe to the actual demand zone.
You will notice on my chart that I have indicated the reverse zones (the white lines) where price might continue bullish. Also, I have indicated where liquidity on the bullish end is sitting. If you look at my chart you will see a red line with the dollar ($$) sign sitting above it. That liquidity pool was created on the 1H timeframe (you can go to the 1H timeframe to see clearly). This leads us to notice that price has not tapped into the order block (marked with the red horizontal ray) that caused the impulsive bearish move which could mean that when price returns, it might sweep the 1H timeframe liquidity (as marked on my chart).
If you will take this trade, without confirmation, make sure your stop-loss is above that order block zone. (This approach is kinda risky tho)
Like and follow if you agree with my trade ideas so as you can see more.
Cheers!!!