EUR USD potential movesI'm back after a while, again with the EUR USD pair.
We can see some form of consolidation and indecision with the current price movement.
I marked interesting areas of supply and demand. But me, personaly i would only consider SHORT positions due to overall market bearishness and ofcourse the strenght of the dollar index (even if it doesn't reflect the real world situation entirely).
If an oportunity doesn't present itself today, i'm most likely done for the week, unless ofcourse i see a very clean A setup.
Let's see what new york open brings us:)
*TRADE SAFE GUYS, ALWAYS USE PROPPER RISK MANAGEMENT!!!*
Regards, T.
Smart
BTC shifted bearish, continuation possible📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
EURUSDPrevious day high/asian range high broken currently retracing FVG. there is a chance the market may come down to take the liquidity below before going up as the asian range high was taken before taking the asian range low.
For bullish setup wait for the candle to give proper confirmation of rejection on the FVG and only enter if the candle closes above the FVG.
for bearish setup wait for the FVG to be broken take the swing low.
GLGT
USDCHF enter around the supply level. consider probabilities! There is a supply level around the entry setup.
Trend is bullish!!
Another touch to the level might be a great chance to a good profit!
never forget that trading is the game probabilities!
ATTENTION:
According to the the long-term back-tests (from 15 to 20 years) on different instruments, the W% of this setup is only around 25% to 30%! So the only way you can make money continuously out of this setup is risk and money management! the proper risk management for this setup is risking around 0.5% of your total trading capital as SL amount.
EURUSD LONG 8/23/22 TUESDAYEURUSD LONG 8/23/22 TUESDAY
DOA
-KILLZONE TIME: 5:15pm
-SESSION: Asian
-TIME OF EXECUTION: 1:00am
-DATE: 8/23/22
-DAY OF WEEK: Tuesday Night
Entry
-POI: CPE
-RR: 1:2.74
-POSITION: Buy Limit
-SL: 38.9
-TP: 106.7
Moral
-Market had Bullish Expansion previous day and left FVG
-Bullish Doji on Daily Chart signaling reversal
-Discount Market
-15Min FVG
Results
-Goal reached!!
-Took forever was in drawdown for a long time
-Seen 1k and snatched
-Took partials and placed SL in Profit
Lesson
-Good Patience tester
-Great job at managing the trade
-Keep it the good work
US30 showed lack of liquidity - Manipulation phase 1 After sharply movement, US30 now came to Manipulation phase 1.
Using Un-confluence strategy to find the entry point.
If possible, we can wait for selling momentum is more clearly to sell.
If market can break out the recent highest high, market will come to the range case. We should wait.
Don't forget to risky zone at POI for up trend.
[SMC] BTC/USDT Demand & Supply Price ActionHello Gents,
Let me briefly explain the analysis.
1) Macro View: Bitcoin is in a bearish order flow state.
2) Micro View: major CHOCH, we entered the corrective wave phase. A correction for the bearish order flow. hence we can notice the new bullish order flow.
3) The recent marked Demand level used to be a supply price. This indicates an S2D flip.
4) Next supply price is at almost 27k.
5) My opinion: price action will play out in a range between new supply and demand levels.
Share your comments or questions.
Cheers,
FX Wabz
nasdaq sellsNasdaq has come up into the 4H supply zone. Since, breaking 15 and 30 minute structure to the downside, now price has come into the 15M supply but left equal highs on the 1M chart, so i'm thinking a liquidity sweep at the cash open to then have a sell off into the 1H FVG down at 12200 region.... long term swing trade would be down to 11k region.
happy trading.
onzo capital
GU SellsIn TECHNICAL ANALYSIS .
GBPUSD Show a clear Order Block on 4 Hour.
Confluences which validates this order block are as follows:-
1. It has broken structure.
2. Lies with in Premium Supply.
3. Their is in efficient Price Action( Imbalance to be filled).
4. Unmitigated Order Block.
5. Liquidity Taken.
EVERYTHING COOL RIGHT..... Trade Safely.
.
.
More PIPS to come.