NZDCAD runaway trainThe NC pair has completed its corrective and hit a nice liquidity block (highlighted in yellow above).
From this point on, belief is that price will continue to trade lower and I would tend to lean on the side of a bear rally right back down to the previous lows.
There are several road blocks between entry and target but so long as price continues to break through each one, there's no reason why the trend wont continue.
Orderflow
$Gold $GL on accumulation buying process or another sell off.. $Gold $GLD has been falling down heavily for couple of days..
buyers came back at 1780s, and 1800-1805 will be potential for selling .. let see if big time frame buyers will accumulate at 1780s and above, or this will be another more selling to test 1760.
My bias is Neutral to bearish, and I don't see any strong bullish reversal evidence yet. I need Buyers to show their aggressiveness above 1800s area
EURUSD Swing Short PlanEURUSD has made some BIG changes to structure over the past week! We are no longer feeling the support of a weekly demand zone, price has broken below and will most likely continue through into the 1.1000 level and beyond.
Fundamentals point to a bullish US Dollar - the Federal reserve plan to raise interest rates 3x throughout the course of the year (bullish for the Dollar) and for the past 2 years we have seen neutral (no change) US rate decisions cause bullish action too, so I suspect we will see a continued theme this year as we did in January.
Pair this with the current technical collapse we are seeing and I anticipate some lovely swing shorts towards the imbalanced weekly 1.1000 demand zone & key level area.
THREE short zones are in mind, all approached with confirmation entries to make sure you don't lose multiple times before a win. Let the market flow into the zones and when clear reversal forms enter WITH the new bearish trend. Until that happens stay patient! My favoured zone for reversals is one nearest to price (being the zone that brought the most weakness & selling pressure) but the others should be kept in mind too!
Check out my full in-depth breakdown of the technicals and fundamentals here on YouTube!
www.youtube.com
Oil at instiutional resistance areaOil has breeched a huge institutional liquidity zone on it's speedy covid-19 recovery surge.
It's currently trading through and if it keeps up the pace at this rate, it'll be breaking right through within the week.
Should price give us a nice strong breakout of the level, we should be waiting for a relatively strong retest before we see the continuation to the upside and back to levels at approximately $100+ a barrel before July.
This will be a longer term idea but with good merit and great potential.
Risk accordingly.
Smart Money LONG | GBPUSDTagged into this position whilst I was asleep
Because I have been tagged into this position during the Asian session it is more than likely going to take me out for a loss because generally the highs and lows of the Asian session will both be manipulated
But, we will wait and see what happens in due course, currently running in just over 1:1 RR
Let's see how it plays out
Institutional Order Block Strategy Hey everyone - hope you're good.
1) Strategy is nothing and certainly not "mine" - it's been around since early 20th Century since the days of Gantt, Livermore and Wyckoff
2) Tried and tested methodology whereby Market Makers sell down below structure
3) Killing Retail stops
4) Go back up
5) Come back down to exit the sells at close to break-even
6) And then continue the way up.
Check my profile for more info on us, and how we trade. Cheers!
EURUSD 15M15 minute
Structure just broken - Bearish
EOF -Bearish
Structure and EOF changes very quickly once we are on 15M and lower.
We have just hit the EQ of the current 4 hour leg, while sitting at a bullish order block.
There is also a very clean 15M/4H/Daily OB sitting at around 1.13700
which falls nice and low into the discounted leg.
So we can expect to see some reactions here at least.