OCEANUSDT is coming to an orderblock!DO NOT enter until the price has entered the orderblock range and you have not seen the trend reversal signal.
Keep in mind that any orderblock may be failed.
Footnote 1: Sometimes, a lower time frame order block may prevent the price from reaching a higher time frame order block. Keep this in mind.
Footnote 2: Order blocks can be influenced by emotional Bitcoin movements. Watch the Bitcoin chart when trading.
Remember, conducting thorough analysis, waiting for confirmation, and managing risk are key components.
Orderblock
XauUsd H1 OB Premium & DiscountThere are 2 OB H1 on this chart.
1) OB H1 Premium
2) OB H1 Discount (Better Zone for buy)
Plan: Waiting for a price pull back to OB H1 Discount then buy
Buy limit 1948.97
SL: 1944.80
TP: 1955.21 (1.5R)
If I get a confirmation I will update this post.
EURUSD SELL Well, so much for a possible continuation to the upside. The Dollar has found its footing, and it has no reason to stop until it reaches back to its Previous Month Low. So, I'll be looking for sell setups, starting with the one I see here on the 1m chart. If it's a go, I'll be targeting the bullish Order Blocks on the 15 minute chart, particularly the second one.
Most likely nothing will happen for me right now as it is lunch time. I'll check back in at 1:30 PM EST.
Harmonic + OB + IMB + OTEHarmonic + OB + IMB + OTE
Check the pic.
Main Reason for Entry is the harmonic pattern.
Waited for Choch, and there it was.
Entry point will be the Orderblocks confluence with the OTE Zone, based on Fibonacci .57-.8,
Targeting Previous Daily High.
Stop Loss at below liquidity points.
I made 2 entry points in case the first one gets SL hunted.
Overall good trade if it works.
XauUsd Order block H1Confirmation
- Imbalance H1 (✅ Confirmed)
- CHoCH TF 15m (✅ Confirmed)
- Inducement (🤔 Waiting to confirm)
Trend
- Buy
Plan & Expect
- Waiting for the price to make an inducement and return to the buy zone 1914 - 1909
Target
- RRR 1:2
Usdcad Ready For a Bullish RunMy usdcad bullish view
FOREXCOM:USDCAD
Weekly: Usdcad is bouncing off weekly order block with old high above serving as a draw on liquidity.
4HR: Price took out sellside liquidity and created a shift in market structure leaving behind a clear order block and fair value gap.
Above price, we have multiple buyside liquidity and fair value gap which serve as a draw on liquidity for price.
I expect price to fill the fair value gaps above and take out the buyside liquidity.
Entry: I will set my buy limit order at around 1.31662 ote level.
Stop loss: My stop loss will be place around 1.31128 zone below the swing low.
Take profits: My final take profits will be at 1.36516.
But I will take partials along the way as price take out each of those swing highs on the way.
Do follow me for more updates like this.
XAUUSD Is going up on daily timeframewe are in a uptrend structure and after touching IDM and the OB at below of that , we see the SCOB confirmation , so we can buy to the weekly high.
this is not a financial advice and its just my analysis on gold.
Pullback OTE + OB Trade StrategyPullback OTE + OB Trade Strategy
Pump + Pullback to OTE + Orderblock Strategy.
Tapped FVG below + Weak High = ripe for more pump. Just has to gather more gas at the orderblock to fuel the breakout.
I just can't think of any good or new thing to say about this.
I've done this several times.
You can follow this or not, it depends on you. Just put a stoploss and proper position sizing so you're good.
EUR/USD Short London Open - June 29th 2023Potential setup to go short here on EUR/USD after we had this bullish push on London open taking out all the highs of the current dealing range that could act as inducement. Price rejected off the current order block and gave us a confirmation to enter short. Manipulation is confimed also with price extending out of the VWAP
EUR/USD Buy Limit - London OpenWe have a liquidity hunt on London Open with price confirming a bullish reaction. Buy Limit set on the imbalance of the bullish engulfing candle for a potential 1 to 3 risk-reward ratio. Let's see if we get filled. If price hits target without getting us filled I'll remove the limit order
GBPUSD Liquidity Inducement SetupThe price is in Daily Resistance Zones it is wise to be only interested in SELL positions
The price has made a Significant CHOCH at H4 and the ORDER BLOCK that caused this has been MITIGATED
BSL(Buy Side Liquidity) is made below the ORDER BLOCK and it is expected for the price to HUNT the BSL in order to continue it's downward move to reach DEMAND ZONES that were the ORIGINS of previous uptrend
the price obviously has BUY IMBALANCE and this acts like GRAVITY and pulls the price down to re-enter BUY ORDERS
Market Structure + Orderblock + Fibonacci Retracement = FailedMarket Structure + Orderblock + Fibonacci Retracement = Failed
Here's why:
Trendlines, S/R Levels, Chart & Candlestick Patterns are still relevant.
Trade could have worked. It passed all the other criteria (market structure downtrend + bearish fib ret ote zone + bearish ob).
It was just a right trade at the wrong level.
USDJPY Short IdeaWe are Currently in Premium, testing a Bearish Orderblock in the form of PDA. Inside this Orderblock, we have a new orderblock from which price moved rapidly away from as well as it took out previous high, which validates the OB. Price Manipulated the Previous Highs with a long wick, making this a Smart Money Reversal. We have a lot of FVG and EQL (SSL) to fill in. As another confirmation, we expect a retracement down as we have an overextended W, which should attract the market to move downwards.
If the price should reach there, I'm looking to scale off some profits at around 110.077.
Two possible Scenarios,
One entry (main setup), it's a lower entry so more likely to get triggered.
One entry at Equilibrium (CE), which has way better Risk to Reward but is less likely to get triggered. (however, LTF created lots of imbalance inside the new OB, which could definitely get filled)
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Confirmations:
- In Premium
- Orderblock INSIDE bigger Orderblock
- Manipulation of the High
- FVG & SSL Targets
- W formation Retracement
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My ONLY Concern for me is that we have a lot of News today which could impact price to move the other direction.
This may fail, but at least I'm not afraid to show my risk to reward box BEFORE it happens, unlike 95% of everyone on this platform.
If it fails, I still have a strong belief that these FVG and SSL level will get filled soon, and I'll still keep them as targets for future trades.
GBPUSDHello everyone, I have a good idea for selling GBP/USD. There is a perfect trendline on the 1-day time frame, along with a strong order block on the same time frame, and a Fibonacci retracement level of 61%. Additionally, there is a strong resistance level on the RSI (Relative Strength Index), and I have observed a divergence as well. Furthermore, the dollar index is currently at a strong support level. It's important to manage your risk effectively. Good luck to all!
Sell GBPJPY | Many ConfirmationsHello everyone, there is a great opportunity to sell GBPJPY. We have identified a strong order block on the 4-hour timeframe, along with a significant resistance level on the RSI indicator. Additionally, there is divergence present, further supporting the bearish view. Remember to prioritize risk management in your trading strategy, and best of luck with your trades.
BTC Daily Trade Idea In light of the new SEC/Binance news BTC fell off a cliff towards the midpoint of the 4H mini-range we have shown. In the middle of this range there's a bullish orderblock that I think could cap off the downside from this news. This is the first potential trade in my opinion after breaking lower and continuing the new downtrend.
2) The second potential trade is the reaction off the bullish OB and back up to the initial breaker, for me if we sweep liquidity of the supply zone and get back under, then we continue the downtrend and that leads to the third trade idea. Longing against the trend and news could be dangerous so this is quite risky.
3) The third and largest trade idea for BTC is the swing fail pattern confirming a downtrend and lack off confidence. That coupled with traditional markets such as the SPX & NASDAQ climbing higher but due a correction, I can see a retest of lower down, filling all the inefficiency and potentially marking the end of the bear market rally.
GOLD BULLISH SETUP.Gold Buy Setup Activated. And running in Profit. We entered here directly without any confirmation because price hit our Extreme POI.
ES - Weekly AnalysisWeekly Analysis
June 5 - June 9, 2023
In the current market, we find ourselves inside the Daily Liquidity Area. 50% of this area aligns with the end of the Daily Volume Imbalance at 4314.
For this week, I anticipate a test of the Consequent Encroachment of Liquidity Area and a potential fill of the Daily Volume Imbalance. I believe that 4317.75 could act as a significant barrier preventing further upward movement in price. Therefore, my key level to watch is 4317.75, as I am likely to consider closing my long positions at this point.
A break above 4317.75 will attract more bulls into the market, and I can expect a bounce towards the 4339 level, which would fill the Daily Breakaway Gap.
However, if the market fails to hold the Daily Liquidity Area and breaks below 4380, it would present a short trade opportunity with a target of 4266-4264. I am particularly interested in observing a test of the 5-minute Order Block, as it has shown strong support thus far.
In order to see further bearish momentum, it would be necessary for another Liquidity Area in the range of 4254-4247 to be breached. In such a scenario, I would initiate a short scalp trade with a quick target at the 4240.50 level, which represents the Consequent Encroachment of the 5-minute wick.
Looking ahead, my next key level to monitor is 4223.75. However, I will provide more details about this level during the week, as currently, there don't appear to be sufficient reasons to anticipate a move towards this level due to multiple barriers situated above it.
Panning for Gold on market structureOANDA:XAUUSD
Didn't take a trade today, as I scalped my usual 10 spot early on Asia session open.
But looks like the markets treated everyone good today with the hopes of USA debt ceiling fight might be resolved soon.
Gold looking good on this 4H market structure template
ES - short-term analysis Yesterday, we witnessed a sell-off down to the 4-hour Breaker Block, followed by a bounce from that level.
There is a 15-minute SMT divergence between NQ and YM, as well as a 1-hour SMT divergence with YM. This could indicate the possible formation of a MMBM (Market Maker Buy Model).
Currently, I'm interested in observing the testing of two short-term BSL levels: 4158 and 4166. After that, we may see a rapid bounce towards the 4175 level, which is an OB on the 15-minute chart.
My primary focus area is around the 1-hour OB, which ranges from 4186 to 4190.
However, for a comprehensive analysis, we need to see the retesting of the Monday High. If the market holds above the New Week Open Gap (NWOG), then my long target will be in the range of 4198 to 4200.
Please note that the Monday High at 4222.75.
BASIC FIB OTE + OB PULLBACK TRADING SETUPJUST CHECK THE PIC FOR THE IDEA.
BUT BASICALLY HERE ARE THE STEPS:
1. DETERMINE CURRENT MARKET STRUCTURE USING 1) SWING HIGH & SWING LOW 2) BOS & CHOCH
-this is more powerful if price has just made a break of structure(BOS), but not necessarily.
2. PLOT FIB FROM LATEST SWING HIGH & SWING LOW
3. LADDER ENTRY AT FIB OTE + ORDERBLOCK ZONE
4. PUT STOPLOSS AT ABOVE SWING HIGH "Invalidation Zone"
5. TAKE PROFIT AT SWING LOW
That's it. Backtest it until the inception of Bitcoin if you want just to get a really accurate picture of how well it works.
Basic is good. Fancy gets broken.
ES short-term analysisToday I want to see fill of the 1h Breakaway Gap - 4139.
My key level 4125. This is buystops level. Pretty sure it will want to test it to complete ATM/ICT Mentorship Model.
My Pre-market Plan for May 24, 2023:
Bullish Scenario - Break above 4165 (short-term BSL, 4163 NY Midnight Open Price as well) can bring some bulls —> 4175 - this is "NWOG" - 04/16-04/21.
Market looks more bearish anyway. Once it tested 4175 level and failed to hold it, I am going to play long w/ target at 4186-90.
1h OB - 4190 + 1h FVG.
Bearish Scenario - Break below 4132 ("NWOG" - 05/07-05/12) will give short trade opportunity with target at 4126.
Next my trade can be below 4120 - SSL on 1h chart.
Once it breaks this SSL level, it will open the room to the 4111.
Key Levels for long today: 4158, 4168, 4185
Key Levels for short today: 4131, 4122, 4104
