EURNZD SHORT.... 10R OPPORTUNITYHello Traders,
We are looking at a pair that is long term bearish i.e. on the monthly and weekly timeframe. This pair is retrace on the daily timeframe to take out liquidity to go long as it seeks to complete the weekly retracement. I have placed my limit order on the order block that caused the impulse to the down side.
If you observe well, you will notice that price went bullish on the 4H timeframe and took out the equal highs for it to go short.
Let's ride the swing to the down side.
Cheers!
David
Orderblock
USDCAD.... 10RR LONG OPPORTUNITYHello fam,
Based on my multi-timeframe analysis, this pair still has some bullish fire in it. It is yet to tap into the nearest weekly supply order block hence the move upwards is still valid. Although the weekly timeframe is retracing and the daily seems to have printed bearish market structure, be aware that there is liquidity just below the daily order block which makes so much sense for price to sweep that liquidity. I am a bit skeptical about this trade because there is a another valid reason for price to get to 1.25... If price does not respect this order block, then the next target will be 1.25 to go long.
I am not looking for a bearish move on this pair as there other pairs to look at.
NB: never try to trade every move... look for the move that aligns with your analysis and strategy.
Cheers!!!
David
NZDCHF... 13RR SHORT OPPORTUNITYHello traders,
This pair is yet to tap into the monthly order block and is retracing on the weekly which gives a good reason why the bearish move is not over yet. On the monthly timeframe, you will notice that price is likely going to take out the low it created so that it can have enough liquidity to push upwards. On the 4H timeframe, my sell limit order has been set in the according to the weekly order block which sits above equal highs (liquidity). I am anticipating that price will take out the equal high (previous daily high) there by triggering the sell order and continue bearish.
Let's see what happens.
BR.
David
EURGBP... 20RR OPPORTUNITYHey traders,
This pair hit monthly demand, and is heading for the weekly demand order block. Price has created equal lows (can you spot them) which means liquidity is below them. I have placed a limit order anticipating that those lows will be taken out and my order will be triggered to continue the weekly bullish move to take out liquidity on the way up.
What do you think?
BR
David
GBPUSD Longs + BOSBreak of structure on the 1H chart may indicate that the recent tap into an order block may pull back GBPUSD into a higher high. Take profit is currently at previous high however with this strong movement to the upside, we could see a bigger move. Let me know if you take this setup. Great risk to reward.
forex market analysisDue to high inflation and expectations for the Federal Reserve's strong contractionary policy and the closing of the dxy ceiling at weekly intervals
It looks like next week with more movement to climb prices
The green line is our previous price ceiling and the white line is our resistance in the style of Price Action (FVG () ICT)
The purple area is also our supply area from DEC 2002 (orderblock 1D)
The green and orange areas are our supply area, which are formed in one hour time frame and have a lot of power.
$APE and Your Fib Matters - Price at premium to sell *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.
Start thE 0% of the fib at the candle that has the big drop that is the first out of line of running sideways. Run your fib 100% to the bottom, price has retraced to an institutional premium in whic it should then Sell off. This is TEXTBOOK SMART MIONEY TECHNICAL ANALYSIS
Previous Listing Deleted (odd text got on the chart somehow)
GBPAUD... MASSIVE 17RR OPPORTUNITYHello traders,
I'm not really a fan of trading these pairs (EURAUD, EURNZD, GBPAUD, GBPNZD). Why? they come with more than usual spreads which make the limit orders not to be triggered. Nevertheless, I will place a limit order for this pair once this market opens tomorrow.
Just like the EURAUD, this pair is taking a breather before continuing the bearish move. You might wonder if there is any liquidity trap, well if I must say, there is always a trap but might not be visible on this timeframe. If you go lower, you might find,
Anyways, like if you agree.
Cheers!!!
[Netflix] When will the crash end?#Netflix #NFLX #NASDAQ #Daily
- Here’s NFLX Daily chart. It recently has shown a huge drop about 73% from the historical high at $700.
- During the fall, it made a consolidation zone (HVP: High Volume Peak) around $330~$400 surrounded by big gaps.
- Currently NFLX reached 0.705 retracement level of the impulsive wave which also happens to be the bottom of the blue falling channel.
- Also, there are some of major HVPs that were formed at 2017 at current price level and thus I believe this area is a PRZ(Potential Reversal Zone), expecting some technical price actions.
- If it falls a bit more, some attractive buy zones are $153~$168 and $82~$97 which are confluent zones of trendlines, Fibonacci retracement levels, stop hunting level of an impulsive wave, and POC (Point of Control) levels of major contractions.
- Some resistances that I am considering are $288~$303, $373~$388, and $443~$458. If you are looking for more conservative spot, I would recommend you to wait until it breaks the blue falling channel above and until then, I would maintain my bearish perspective.
EURAUD Analysis using ICT and Liquidity advanced UnderstandingSo in daily bias, it is looking we are going to turn bullish soon, but the orderblock marked at the bottom hasnt yet been mitigated, and it created a inducement OB above it, which means it becomes sellside liquidity that is targeted at the moment, so we can take a sell, do not enter without confirmation
The market still hasnt broken the Buyside, if it does, then we may expect a mitigation downwards then upwards
LONG EURUSD ✅✅✅Here I expect bullish price action as the price took the liquidity below previous daily low and rejected from the bullish orderblock and institutional figure 1.08000. The price has to take buy side liquidity and previous daily high liquidity where we have a lot of stop losses, we can correlate this move with DXY Index.