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
Orderblock
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
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
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.