Ethereum: sell order place in the order block putEthereum made an interesting analysis that we can to entry in short in this trade. In the previous candlestick, formed a bearish hammer, indicating sell-off. What we can to short this cryptocurrency toward $1,090 USD.
In H8 timeframe still bearish in this side.
Meanwhile, in Daily timeframe we see a possible perspective that Ethereum may to continue down toward $1,000 USD
So, I'm shorting Ethereum that I put this trade to short now!!!
Good luck!!!
Orderblocks
EURUSD CASE STUDY 1:41 RRIn the first week of November we note that the price has previously made a new structure in the TMF of 1W and 1D, breaking the previous LH and creating a new HH.
The first thing we note in before marking our zones of Interest we look for the following confluences:
1º BOS (Structure Breakout).
2º Small pullbacks and continuations.
3º Signs of weakness of the strong hands on sale.
Taking into account our confluences, we can mark the zone of interest, the one where the price is more predictable to react with an upward movement, we can also call demand zones.
Already in the first week of the new month we should align ourselves with the most important news, here comes in the NFP (Non Farm Payrolls), Interest Rates, Unemployment Rate and PMI Index, these are part of our analysis and play a big role in the macroeconomic system of each country.
Moving closer to the demand zone, we mark an OB (Order Block + Imbalance) on the 15 min TMF (Time Frame). Here it is more predictable that the price will mitigate the pending orders and fill the imbalance created earlier.
The price already approaching our zone, completely mitigates the OB + Imbalance and creates an accumulation zone before responding with the
upward movement.
For a more precise entry we decided to place our Pending Order between 100% of the OB and 0% imbalance, so as not to risk losing the trade.
With the bullish reaction in our favor, we place our SL at Breakeven and our TP (Take Profit) above the HH. We can extend our TP even more, if we look at the weekly TMF.
We get a 1:41 RR with a profit of +650 pips.
US 100 LONG TRADE Hello traders
We have a bullish impulse wave and an expanding correction, which we expect to get another bullish wave
BTC: Possible Retracement Following Liquidity GrabBTC is facing more downside, but this might not come before a series of bull traps. Overwhelming supply predominance within the macro pennant, with isolated demand spikes unable to break trend resistance (upper dotted line). As the price action meanders toward the bear triangle's apex, we see narrowing spread with supply bars steadily building. This means that the MMs are careful to hold range, to give the illusion BTC is not as bearish as it looks. In these scenarios it is not uncommon to see a sudden sign of strength to entice retail traders to buy into a UTAD (upthrust after distribution) before dumping at the supply order blocks waiting above.
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US500 Possible price development!US500 is approaching a "breaker" printed at R/S level, with a confuluence of down-trendline we can expect a push to the downside, however, if price manage to breach this area we can anticipate a launch to a our weekly high