Orderblock
USDJPY - Buy IdeaWe're currently in a discount market where we would like to see the market move away from.
We have Sign of Strength when it took out previous highs, now coming down for a retracement.
We have a Liquidity Void (Imbalance) for the market to move Up to fill.
We have a Strong Orderblock that also took out previous lows, and the Orderblock has not yet been mitigated, making it even stronger.
My Entry is at Equilibrium of the Orderblock.
(Be cautious as we are in Summer Doldrums where markets may move very unpredictably, this trade may fail but it's a valid setup).
Crab Before Reversal?USDJPY, this is where I believe price will reverse and if not reverse give a strong reaction/bounce at least 50/100 pips, I will be setting a limit order here, we have a daily order block + and imbalance fill in the same zone which lands directly inside the D point of this crab on the Daily chart.
Lots of confluence here.
What's your thoughts? a
CHFJPY Short trading setup #CHFJPY #FOREX #4H
- Here is CHFJPY 4H chart. I have drawn a short entry area with a green box.
- It has been entered already and a decent amount of rejection was shown. It would have been better if I posted before position was entered.
- Anyway I think these short trading setups drawn on the chart has fine RR Ratios.
EU Buy PositionI see a 4HR Order Block above price at the 1.18204 level and I believe the recent bullish momentum and bounce from 1.16841 has created a switch in the trend and price will begin moving back up towards the Order block to reclaim the sellers liquidity and mitigate the OB and previous highs. We have formed a new higher low on the 4Hr timeframe at 1.17007.
I will be monitoring this at the market open to see how price jumps / reacts.
EURNZD BUY LONG / SMART MONEYEURNZD 2 hours
Searching for two possible buy setups, the first of which is a sweep of Asian lows. If not, I'll wait for a key retracement at a target zone. I'm hoping it will respect the macro structure it's created; if it does, we'll be fine. If the slower market structural momentum begins to decline, I expect a continuation rally to the downside.