Orderflow
EURUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price resumed falling and totally absorbed the previous surge, which shows the weakness of the buyers. Moreover, the move was supported by the large institutional volume and negative delta, which implies an imbalance of sales at the moment.
Volume Zones:
It is necessary to point out a level of support/local minimum 1.1824. The price is testing this mark at the moment.
Sentiment:
This indicator shows that 71% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
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Consider Short Positions:
Given all these factors, we may regard a breakdown of the support level, which will entitle us to open sales. The move must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
Around 120 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
ETH broke the 4H POI/OB and structureHi Traders
ETH broke the 4H Orderblock, BOS (Break of Structure) and ETH broke also the Symmetric triangle with a strong IC (institutional Candle).
Let's see if we can stay above it.
If we have 3 x 4H candles close above the POI, this will be a good sign.
There's a possibility that ETH will come back to test the Equilibrium of the triangle.
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Bitcoin is still bullishHi Traders
Bitcoin is still in an uptrend on the HTF and is accumulating. In this accumulation BTC is forming a possible W pattern with a TP op 36400 which is a good sign for the longer term.
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Traders: If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss any updates.
Please write it in the comment so we can manage the trade/ideas together .
The information given is never financial advice. Always do your research.
Trade safe.
Gold - Bull CycleGood evening ladies & gents,
Gold just displaced down nicely into my Buy Zone, triggering my pending Buy Limit.
Risk on this position is 1%, looking to swing it back to the Monthly Highs with additional points to add on from next week ideally.
Tomorrow is NFP, so be mindful that it can get pretty shakey.
Let's see how tomorrow pans out and it'll determine the trajectory of Gold from the next week onwards.
- AmplaFX
USDCAD Bearish Reversal CycleGood afternoon ladies & gents,
USDCAD will most likely start it's Bearish Cycle today and NFP is likely to be the catalyst. After trading up into the Weekly Inflection point, we saw a sharp rejection to the downside. Price has presented us with D1 SMT Divergence allowing DXY to fill the imbalance above and USDCAD has filled the imbalance above whilst not making a new high.
In light of this, I do anticipate a short to occur today (Bearish Sentiment on DXY) and today, it's possible to enter with a stop above the highs.
Many opportunities to enter next week if not today.
Disclaimer: This is my idea, take and execute this idea at your own risk and discretion. Remember to manage your risk appropriate on the off chance that I'm wrong.
-AmplaFX
EURUSD TRADE on Order Flow - Follow the smart money! Technical overview:
The price demonstrated a significant growth after the formation of the new support level. The move was sharp and supported by the large volume, however, the price is trading inside the local range right now.
Volume Zones:
It is important to point out the boundaries of the local consolidation. They are the support 1.1824 and the resistance 1.1952.
Consider New Positions:
Given all these factors, we may regard new positions only after the keen and confident exit of the price from the range. The breakout move must be supported by the large volume, which will be a more prcise signal for entering the market.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -