SPX500 likely to MOVE UP!Hey tradomaniacs,
previous sell-offs due to the fact that the market realizes FED is not kidding with rate-hikes were pretty strong, but will probably correct soon as the sentiment is too bearish and has oversold the indicies such as SPX500 and NASDAQ100.
We will probably see a move up to attract more buyers in order to get more liquidity for the sellers.
So far the day has been a mess, buit the previous breakout did not cause another rally which is a strong indication for a reversal due to exthaustion by sellers at the bottom of the day.
Liquidity turned out to be pretty bullish as we head into the after-lunch-session and I could imagine to see a strong breakout here to the upside (short squeeze).
Let`s see what happens =)
Orderflow
USD Index DXY - Potential MMBM Monthly Timeframe: (check the linked image)
- The market traded aggressively away from a Bullish Orderblock.
- Last Month, DXY created a Bullish 3- Bar Fractal (swing low) which lead to an explosively bullish move. We can easily see the next monthly candle being bullish as well.
- We have now disrespected a very strong Bearish PD Array: A Bearish Breaker. It showed no willingness of respecting it, which means that buyers are in control.
- 3 months ago, we traded through a bearish candle. This bearish candle works as its own structural Orderblock, and we shouldn't see price drop below this level (like the two green boxes below). If it does- we might see a reversal lower.
Daily Timeframe:
- We have a potential ICT Market Maker Buy Model playing out.
- We are in a massive uptrend, and we can easily see a continuation of it.
- We are getting closer to the Weekly FVG's High.
- At 101.000 (institutional number), we have very clean Equal Highs. Price can easily draw up to this level, as a massive liquidity pool resides here. Expecting a manipulation through this level, potentially up to the Volume Imbalance.
- At 101.640, we also have a daily Volume Imbalance Vaccum Block. This is a huge gap in price which likes to get traded to, and filled. Sometimes you'll see a reversal at this level as well.
Caution:
- This is just my view on the USD. Price may not play out as expected. This can especially be due to the current war situation in Ukraine. Price can create Black Swan events and massive volatility that can ruin the setup on a Daily TF.
- From 97.720 to 98.000 we have a volume imbalance below current price. DXY can easily retrace lower to fill this level. If this happens- it can respect this volume imbalance and go higher from there, or create a lower retracement.
EURAUD BUY , 2H IN 2H Timeframe EURAUD Has Braked the Structure to the Upside and Now came Back to The Order Block Area where Institutions Could Have A lot of Buy Orders . There is Also Buy Side Liquidity on the upside Because of the Double Top FORMED BY Market . Also The EURUSD is on the Daily Support Area . So we Have the More Chances of EURAUD to Move Upside.
btc moves i think btc with two reject from weekly zone(the yellow circle) that part of monthly zone have a nice possibility for bullish move that now have it
so the moves bitcoin may have in future base on supply and demand zone and order flow can be like that ( the green and black and red paths )
if bitcoin can break the zone that have it right now(49 to 51 price) i can see the 90k price maybe
comment ur idea and tell me what u think
A bloody bearish move Right now we are moving towards the key level 1989 the last weekly bearish candle high were im expecting price to tap into and reverse from to continue down into previous monthly low. If the monthly candle of march breaks structure we can expect to stay bearish long term and if price respects the structure we will assume we will stay bullish. As of now im taking a long position here at 1956 and taking profit at the POI. If that level is respected then i will take my short position at 1988 to anticipate a move breaking last weeks low and into last months low. This is a very order flow based edge with simple logic of price trading into previous highs and lows. thanks for watching
GBPUSD ShortCable has been bearish for a while specially since the Ukraine war started. We can see H4 price is at a bearish Order Block and the overall order flow is down making this a potentially good setup for a short position. Need to check for a clean entry on lower time frame. Price is close to ADR High so we could see it going up to that level before trending down.
USDJPY due to fill late buyers The dollar has truly shown its legs on this pair as of this year, currently floating at yearly highs.
As fundamental factors loomed and swayed the opinions of many retail investors and institutions in the last month or two when investors are looking towards safe haven pairs the dollar was clearly favoured over the Yen, for example.
Now, the majority see dollar strength and that’s all good but look, the higher time frames on this pair and correlating pairs alike show many major imbalances that are yet to be filled. This is my view based upon 1HR Time frame POIs.
I suspect a retracement to sub 118.500 before any upside continuations.
Let’s see what UJ can do this week!
NZDCHF BULLISH MOVE UP TO ORDER BLOCKHIT THAT BIG FATTTTT LIKE BUTTON AND SHOW SOME LOVE TO YA BROTHAAAA!!! The price is expected to move up and continue its current bullish progression to the next order block level (red box) WITH A POTENTIAL PULL BACK AT THE 61% FIBONACCI POINT WHICH IS ALSO AT A TREND LINE !!! After that oullback I predict it will continue but DO NOT ENTER if price is near that level when you read this UNLESS it has pulled back already. GOD BLESS.
Buy GOLD to the moongold after that news about war got higher and drop quickly. then it built a pin bar in the daily and weekly timeframes.
after it stopped out people how to set their stop orders under A base and then got up and stopped out how shorted by pin bar.
you can long to 2020/2070 area. be careful. the origin is in monthly and weekly timeframes. if gold god doesn`t stop in that area, we`ll have a new ATH for sure. don`t take shorts hastily.