Orderblocks
SHORTPrice is clearly on a downtrend after clear break of structure on Month and weekly timeframes. It is possible for price to retrace to the Daily orderblock (refined on H1) for clear shorts. There's also a possible sell at the cmp where we have an M15 OB and retest of Daily BMS. Possible targets and stop losses indicated.
Risk management is highly encouraged.
All the best.
Possible buy entry for the DollarHello traders,
Below the price level of 112.583 lies sell-side liquidity.
It is a significant level because it has a swing low with an FVG below it.
We should see the price come to this level before looking for buying opportunities since a Bullish Orderblock was formed yesterday on the Daily timeframe.
Good luck💥
USDCAD Analysis for the week of Oct. 16In this presentation I highlight my analysis for USDCAD. Currently price is reacting pretty strongly off a long term Weekly Bearish Order Block. Which in my opinion could be the perfect storm for a price reversal. Price has already reacted from a longterm Weekly -FVG, and has since traded back through it seeking higher liquidity. Please check the video out for more detail of how I plan to handle this current market condition. Bless.
Is the market still on aggressive downtrend ? Hello ladies & gentlemen ,According to my analysis ,I think that expecting something in this market condition is hard ,the fed still increasing the interest rates ,which affect negatively the market ,But as we see in the chart the price goes upwards from there,also we are waiting for good confirmation to take clean trades.
So ,if you have any opinion or suggestion ,write below to discuss it.
The Overnight Diagonal That Manipulated Your Falsified GainsNow as of recently I have become submerged into Elliott wave theory.
It helps me define order flow on a fractal level and with the implementation of certain other order flow concepts,
I can then define the intent of order flow between sessions.
Elliott wave is fundamental in understanding market structure. Impulses and Corrections are fundamental in driving liquidating factors into the market and also actually
helping in drawing the correct Fibonacci levels as EWT has rules. And as traders we need rules as with every game, but it adds to confluence and the overall strategy in defining
well positioned entries.
Another Concept I implement is the Volume Spread analysis. Everyone has their take on volume, but volume is their as a leading indicator to show you between each timeframe which
transactions were of the dominant force, and also who is the dominating pressure inside each candlestick no matter the time frame.
With this knowledge you can then break down each candlestick to define the motive and where and why and to which extent order flow may extend and the overall transactional bias in the market by seeing the divergences
between the spread and the volume.
This is definitely a good foot print as well blending in session open times and closes. I personally enjoy the killzone theory conceptualized by ICT as it does help with timing and is based around the major session times when
volume enters the market.
Wyckoff models are a good study as blending volume spread analysis will aid in picking potential market tops and bottoms, EWT sealing the cap with knowing how certain intentions by large market participants are fractalized.
This here is the Overnight Diagonal which is very manipulative.
Diagonals take time to notice, but VSA helps bring confluence in determining whether or not the timing of a trade is high probability.
Remember, then manipulator always win, as that what manipulators are all for, self interest.
USOIL - Short Idea 💡Here we have my outlook for USOIL
Looking for shorts from either of the 2 highlighted area's shown on the charts and targeting the lower H1 OB sitting above the price gap which i expect to be filled.
As for an Entry method for this trade i will be monitoring the lower time frame price action at the supply area's on the chart and looking for bearish LTF confirmations before entering.
Always remember to use proper risk management, this is what will keep you in this game long term! :)
M15 chart below
EUR/USD SELL IDEAStoryline: EU is currently in a bearish condition and has been that way for a minute.
Basically the whole year so far. Last week price action initiated a sell for the continuation of the trend.
Price is currently moving off a weekly OB and headed for 0.95429 which is the -sell side liquidity that lies below the previous range swing low.
0.94655 and 0.87377 would be the levels to look forward to get tagged next.
Follow for more...
Thanks for reading :)