Orderflow
EU to the moon?As you can see the market created a change of character (CHoCH) which is basically a reversal of market structure. Markets left an order block that broke structure and also left imbalance on higher TF which confirms and solidifies our POI. Now we wait for it to come into our POI and show us confirmations of market going long.
ORDERFLOW & LIQUIDITYPlease like, share & comment on my educational post.
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After a BOS we expect price to pullback and
mitigate a significant zone in the previous
range before continuing
to break structure again.
If we do not get this mitigation it is likely that the
high/low that failed to mitigate will become liquidity.
EU Weekly Outlook: 2022 June Week 21M State: Bearish Trend
1D State: Bullish Trend
15m/1H State: Bearish Trend
Currently there are 2 higher time frame targets: 1M OB (not seen on chart, above the 1D supply zone ) which is the anticipated target for the 1D bullish trend and the 1M Old Lows, the target for the 1M bearish trend .
Therefore this week's primary focus is reaching the 1D supply zone.
As we are currently in a 15m bear trend, we can hop on to the buying zone (15m FVG) and then flip to buys.
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Trying to build the journaling habit.
Look out for 2 weekly charts:
- Market recap
- Market outlook
~Blessed Trading~
EU Weekly Recap: 2022 June Week 1Changed many things on the chart and this is the final shape of the past week.
The bulls were broken at the start of the week but hitting the 15min demand zone provided a tradable pullback. Unfortunately, the trade did not reach the system's target.
Because we did not reach the target, we also did not reach the system's sell zone and the sell was missed as well.
Upon reaching the higher time frame's fair value gap however, a buy was presented that yielded great return.
This buy finally pushed us into the sell zone where a short but effective sell was provided.
In the end, the system found three trades this week, 1 loss (-1R) and 2 wins (+9R & +9R)
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Trying to build the journaling habit.
Look out for 2 weekly charts:
- Market recap
- Market outlook
~Blessed Trading~
DENT short setup comingDENT is continuously falling inside a descending channel since November and there is more to it.
Analysis:
Found 2 bearish orderblock which are untested so its a high probability before continue trend they are going to be tested
Broke major structure, found support on 4h block and going to test the upper 4h block as resistance which is near order blocks
Entry prices are on chart take action as per Price Action. Why?
Because Birdy trades what they see on chart not what they think will be on chart.
BUY - to - SELL Idea on EURAUDWe are currently trading from a trendline support pushing price higher while it creates liquidity above a demand level. Also we have that unfulfilled imbalance on 4H timeframe along side resting $$$ below the supply above which I'd be looking to short from.
All things playing out in this order will deliver a 145+pips from where price is currently as the BUY Trade, while SELL Trade will deliver a 400+pips from the supply zone.
EU Weekly Outlook: 2022 June Week 11M State: Bearish Trend
1D State: Bullish Trend
15m/1H State: Bullish Trend
Currently there are 2 higher time frame targets: 1M OB (not seen on chart, above the 1D supply zone) which is the anticipated target for the 1D bullish trend and the 1M Old Lows, the target for the 1M bearish trend.
Note: The 1D bulls may not break the shown 1D supply level and instead dive to take liquidity below the 1M lows first.
Therefore this week's primary focus is the 1D supply zone for sells.
This should provide some pips to be caught by selling. Potential selling targets are the 15m demand zones and the fvg below one of the lows. May also continue even lower to take out the 1M lows. This is very possible as this is an NFP week (high volatility).
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Trying to build the journaling habit.
Look out for 2 weekly charts:
- Market recap
- Market outlook
~Blessed Trading~
EU Weekly Recap: 2022 May Week 4Bulls were pushing steadily toward the weekly equilibrium level and the 1D Block.
Therefore, buying opportunities were the main focus for the week. No structural reference points were created on Mon or Tuesday so no trades were taken.
Eventually, it swooped down, took out lows from both Monday and Tuesday and bounced upwards, creating a tradable scenario.
The liquidity from taking out the lows was used to drive the price higher, into the target zone.
1 Main Trade was presented and tradeable according to the strategy with a secondary entry possible.
Trades played out beautifully.
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Trying to build the journaling habit.
Look out for 2 weekly charts:
- Market recap
- Market outlook
~Blessed Trading~
CADCHF... 16RR SHORT OPPORTUNITYHey traders,
Price hit monthly supply order block and has printed a massive weekly bearish engulfing candle which indicates momentum to the down side and a respect of the monthly supply order block. I am going short on this pair and I am anticipating that the daily equal lows will be taken out as liquidity sits there.
P.S: if you can not find it, just look at where my TP is and go on the daily timeframe to see it clearly.
Let me know what you think in the comments.
BR
David