AUDNZD..... LET'S GO BEARISH???Hello traders,
First off, like and follow for more. Also leave comments and ask questions.
Now, AUDNZD has broken its previous high and seems bullish at the moment. My analysis on the monthly timeframe indicates a strong bullish move but the weekly did not retract properly and that means that it has set a liquidity trap which it needs to clear to make that strong bullish move.
If you look at my chart, you will see the liquidity pool indicated. That is where I am expecting my bearish move to target. What I suspect is, price may go lower because, after driving price that low, it needs a strong place (demand zone) to buy from but I suggest that if this trade meets your entry criteria, you close out about 90% of your trade at the first profit target.
This will protect your profits if price decides to rally from the first target zone.
N.B: Look for confirmation on the 1hour or lower timeframes.
Let me know what you think in the comments.
Cheers!!
Orderblock
USDCAD.... LONG TRADE IDEAHello guys,
I hope this week has not been so bad. Anyways, This USDCAD trade could be a nice one to close the week assuming price gets to my point of interest and checks my criteria for entry.
USDCAD for me is bearish on longer timeframes like the weekly, daily etc. but why I am interested in this long is due to my understanding of the market. Which is, for price to go long or bearish, it needs to take liquidity and if you go on the 4H timeframe, you will see where liquidity is sitting (Just above my target exit). This is necessary and if you check this out during your free time, you will notice how the market takes out lows and highs only to continue to the same direction.
For me, I think this is the reason why I have an issue with the order block system. Although, I have order block system integrated in my trading plan, I do not categorically trade off it and I implement it in only the higher timeframes like the daily and above.
I feel the market movers are fully aware that people are now trading off order blocks that they tend to just go below the order block and continue in the desired direction.
I look out for where people's stop loss could be, and liquidity pool (this can only be found below or above an order block which is perfect for the market makers).
Always try to figure out why price should turn or continue. This does not mean order blocks do not work. I am just saying they are good traps for market makers if you do not know how best to use it.
Let me know what you think about my trade idea and insights so I know if I should continue.
Follow for more.
BR
David
Fresh Start MONTHLY
Sell stops have been taken so we can expect higher prices now
WEEKLY
With previous week's rejection to the upside we want to see a bullish weekly close this week
But the bias on the weekly is bearish
DAILY
The daily can relate to the weekly.. looking for the same this here
H4
We have a break in market structure on this timeframe
Price is trading within the 4H orderblock so we're going to drop timeframe now to find possible reversal points
1H
We have our orderblock and invalidation marked on the chart as possible reversal points
Now we wait for a proper break in 1h market structure to enter longs on LTFs tragetig at least 1.07650
USDCHF.... SHORT TRADE IDEAHello traders,
As you must have noticed, this pair on a larger view (monthly timeframe) is bearish, weekly timeframe seems bullish but on the daily, price is retracing from the bullish move.
USDCHF is likely to take out the immediate low is created. You will be able to notice this on my chart as I marked it as liquidity. If price breaks this low, I will likely head to our second target as marked in my chart and likely reverse from there.
Note: this is a daily time frame, and if you like this trade idea and will like to take a short trade, I advise you go on lower timeframes according to your trading plan and endeavor to consider risk management. Personally I use the 5min where I look out for price to break structure twice before is set my limit order. This helps me confirm the trade and gives me a better risk to reward.
If you agree with my trade idea, like and follow for more updates.
See ya in my next post.
Bye for now.
David
EURGBP... DUAL TRADE OPPORTUNITYHello Traders,
EURGBP is set to be bullish long term (at least for 2 months) and the weekly timeframe has adjusted accordingly to take out the daily trendline liquidity. The only issue is, for price to go bullish on both the weekly and daily, it must first take out all the liquidity pool it has created.
My approach is for price to go bullish, trigger the supply order block as indicated in my chart and go short to clear all the liquidity pool below. After which the weekly move will continue bullish (3rd trading opportunity).
First, I am looking to go long (confirmation on LTF) on this pair once price enters my POI (white box). With my profit target at the supply order block where I will be looking for an entry to go short (confirmation on LTF) to sweep all the liquidity.
If you like my trade idea and approach to the market, click on agree.
BR.
David
GBPJPY.... SHORT OPPORTUNITYHello Guys,
GBPJPY has taken out the daily high and in-turn has swept liquidity and we expect a move downwards. Price seems bullish on the weekly timeframe but I expect that price heads downwards to take out liquidity before it goes forward if at all it wants to continue bullish.
What do you think.
BR
David
Long NZDJPY D1Long NZDJPY D1 Entry @ 81.667 - SL @ 79.40 - TP @ 85.55
Both the NZD and the JPY a being sold on the COT report dated May 10 2022. So the institutions aren't favoring either currency. The currency strength meter has the NZD slightly stronger than the JPY. So I'm going long with two other confirmations seasonality (bullish cycle between 5/19/ 2022 - 6/9/2022) and a bullish order block.
USDJPY.... APPROACHING STRONG SUPPLY... GET READY!!!Hello traders,
I guess you are gearing up for the market to open.... anyways, click agree if you like my trade ideas.
For this trading week, I am watching USDJPY for a short opportunity. As you can see on my chart, I have marked my supply order block in which once price enters the marked region, I will go on lower timeframes to look for an entry. You will also notice that I have marked on my chart, the potential turning point for price. This turning points are where true liquidity lays its head.
As for me, I am expecting price to sweep the first liquidity as marked on my chart but as for the second, I am not sure but I will set my take profit at the second liquidity pool and take partials after price triggers the first liquidity pool. Then move my entry to breakeven and monitor price to see if it completes the move.
What do you think about this trade idea?
If you think its nice watch out. I will be posting a trade idea on EURGBP in some hours. I just want to see its behaviour before posting it. So you can follow my channel to see it once I post.
Bye for now.
David
EURGBP UPDATE.... 21R LONG TRADE IS STILL VALID Hello traders,
If you agree with my trade ideas, like it. If you don't, let me know why in the comments... thank you.
This is an update on my previous EURGBP trade analysis. The long is still valid and my limit order is still active. What I did on this chart is to adjust the buy side liquidity pool according to recent price action. If you look at my previous analysis of this pair (I will attach the link) You will see I did not make any other change.
You know as they say.... In trading, you need to adapt to current price action.
That's all folks...
Cheers
USDCHF...CHECKOUT THIS 15R LONG TRADEHello guys,
Before I state why this long trade, if you agree with the trade idea, like it. If you think otherwise, let me know in the comments why...
Now, I have been monitoring this pair for a long trade because the weekly and daily are bullish in structure and price has cleared two demand order blocks. The most recent sweep of the daily demand order block has caused price to change market structure i.e. market is now bullish. As you can see in my chart analysis, I have marked the liquidity pool which price is meant to take out before making its move upwards.
I will attached the link to my previous analysis of this pair for educational purposes.
Cheers!!
$ZEC - Retracing to Bullish OB Then Attack Liquidity Above *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
TLDR;
Entry: 92.3-92.5
Stop Loss: (88.5-89.2 Depending on Broker and how much your willing to give up below the Bullish Order Block)
Take Profit 1: 96.3-96.4 20-25% of profit removed here (Move SL to 90)
Take Profit 2: 97.4-97.6 (Bulk of the trade off here up to 85%-98% of the trade, move stop into break even)
Take Profit 3: 99.5-99.6 (127% Extension meets the Fair Value Gap Above the equal highs/Liquidity Line
On the Hourly it appears that after price had broker the structure of the lower dealing range, it retraced back down to the breaker of that range and continued up until it hit equal highs with the price before th major drop off. These equal high are creating artificial Liquidity meaning that most traders who see the equal highs automatically think "Resistance" It may be met with some resistance but smart money or Institutional traders know that there are retail traders that have their shorts sitting there with, most likely, a short stop loss.... Or a buy stop with a short stop loss. I see this everytime, The price will come trigger the buy stop people and to take out the SL of the people Shorting with a limit, then it falls more to take the buy stop traders SL out, then continue up to find an imbalance or liquidity. And there's an imbalance at exactly the 127% extension.If there's a slight chance that doesn't happen I do have multiple take profits set up, but more than likely this will be the scenario. I've seen play out so many times that I know there's players in the room with large amounts of money able to manipulate the charts right when they want to. If this doesn't Happen, I'LL be Surprised.
Good luck and happy trading :)
EURGBP.... 21R LONG TRADELadies and Gentlemen,
There is something about liquidity pool and grab that I have noticed but I will not be talking about it in this post. Maybe soon.
Anyways, EURGBP recently cleared the monthly liquidity pool, and it is heading to clear the trendline liquidity pool which can be seen on the weekly and daily timeframes. As for the 4H timeframe, I have marked the liquidity pool that price has created for it to takeout to move freely - SO BEWARE -.
Will price get to my buy limit order? I don't know but that is where I intend to buy from.
One thing about EURGBP & USDJPY is that the level of price manipulation and spiking is high so be careful when placing orders.
It's better for your order not to be triggered than to be taken out only for price to head according to your analysis. That way, your confidence in your trading system grows.
Enough said.
Like this analysis makes sense to you.
Cheers
David
USDCHF Daily time frame order block and FVG fillLooking at the daily USDCHF timeframe were looking to get filled on orders beginning at this massive orderblock where I'm expecting many orders to be resting. Were looking to at least fill the fv gaps and possibly get take profit at around the last high.
USDCHF.... 18R SHORT TRADEHello guys,
As we all know by now the dollar has been heavily bearish in the past 2+ weeks. although on the monthly timeframe, it is still bullish but for now it is bearish.
Now, on the USDCHF, I am looking for a long opportunity as the pair is coming close to a demand region but I only did this analysis based on request. As you can see, I have marked the liquidity pool which price is meant to take out and head towards the sell order.
This might be the last bearish leg before the bullish move... As for me, I will not be taking this trade as I have other SWEET pairs to trade.
Anyways, let me know your take on my analysis.
BR
David
EURJPY.... MASSIVE 25R SHORT TRADEHi Guys,
This pair tapped into monthly and weekly supply order block and the daily is heavily bearish. As you can see on my chart, I have marked the liquidity pool which I expect price to go and sweep then trigger my sell limit order and proceed downwards.
Simple and straight forward trade.
Enjoy.
David
AUDUSD..... 14R SHORT OPPORTUNITYHello fam,
This pair is building liquidity on its way to the supply order block. Now, most people will be eyeing the previous daily high to look for the supply order block but will ignore order block just above the daily high (where my sell order is). One thing for sure is that for price to make the move downwards, it must takeout the majority. Always know this, "price must take before it gives".
I can't say for sure that the daily high will be violated but if I was the algorithm with the controlling power, I will take out the daily high with a shooting star. lol..
Let me know what you think.
Cheers
David
CHFJPY... 12RR SHORT TRADEHello Guys,
The CHFJPY pair has likely swept the monthly liquidity and is retracing for another bearish leg on the weekly. Looking at my 4H chart, you will see that I have marked all the liquidity sweep that price is likely to make before continuing bearish. I am expecting price to try to go bearish from where it is currently to make people think the bearish leg has started then take them out and head to my sell limit order to begin the actual bearish leg.
Let me know what you think is the comment section.
BR,
David
GBPUSD.... 16RR SHORT OPPORTUNITYHello fam,
I have not been feeling to well hence the no posting streak. Anyways, I am looking at taking this short next week as price has cleared the previous daily high and will need to take liquidity from somewhere to make the move down before likely heading to the weekly supply order block.
The monthly is also heavily bearish but I do expect another bullish leg to reach the weekly supply order block. But for price to do this, it needs to sell, takeout the previous higher low (where my TP is) before continuing the rally upwards.
I am kinda better now and I will be doing more analysis.
If there is any specific FOREX pair you would like me to analyse, let me know.
Cheers!
David