Smartmoneysetup
15/03/2020 Post Market Analysis A look back on what's happened for the day, a check up on our EURAUD trade and potential set ups for tomorrow.
ChfJpy M5 Liquidity RunI am looking for a sell setup around the Highlighted area.
Confirmations:
Structure (H4-M15 Bearish)
Liquidity Run (M5 Timeframe)
Brake of Previous Structure
.886 Fib Level Confluence
EURJPY Forecast EJ has been ranging for the longest time and after recently creating a high at 127.080 that high has been retested and respected. Followed by a strong bearish candle on the Daily time frame.
To confirm the bias I would like to see:
price break past and possibly see a close candle under 125.690 then;
retracement back up (no higher than 126.500) for a smart money entry before a move down with great RR
PS: Newish to trading I post these for accountability and as a journal
$USDCAD LONG - 200 pips Exiting Weekly Order Block from DecemberFirst off, interest rates just dropped a tremendous level and the Commitment Of Traders show a lessening of shorts, meaning they're about to long this pair. See the indicators in the original, or I've made them larger here.
The USDCAD had a weekly order block from December than it re-entered at the beginning of September.
Using the nearest Institutional level, 1.28000, outside order block and the nearest swing high, drawing a fib we actually could've caught the perfect entry at the 70.5% retracement for that September low.
But that move is gone and it's time for the next one. Fib from that low to the nearest high and it retraced back to the 70.5% fib level as well as a bullish order block was at that exact same spot to the left.
Best entry is now or at 1.31162 give it a 30-40 pip stop loss and aim for the old high or the nearest institutional level at 1.34000.
GBPUSD IdeaDXY is creating a False flag.
Price has been leaving Price gaps.
GU can come back up fill in the Gaps
OR
GU can reject of the OB to clear the Lows then Going to fill in the voids.
Wait and see what London does..
Will it set the HIGH or LOW of the day?
We shall see..
GBPUSD Bullish Until... -JordyDaddyFX
There is liquidity sitting above the highs see how there's a triple top.
rice can go ahead and sweep those highs off if DXY will continue to be bearish.
Until then my BIAS on DXY remains BULLISH.
I will buy off on the 1H chart when it touches the OB or fills in the FVG by it.
I will take partials but keep in mind price won't likely go to those highs if DXY will become bullish.
PROTECT YOUR PROFITS BY TAKING PARTIALS!
I cant stress this enough if your bias is wrong to where TP and you take partials at least you got paid for being wrong! :)
Cheers until then,
GLGT
GBPUSD Explanation Since DXY is consolidating there's no actual direction right now. Juts trade within the range and don't expect much. Since price broke a high price can reverse and go a bit lower just like how it did yesterday.
Either buy to sell or sell to buy scenario.
Eurjpy SellLooking for a sell on Eurjpy on the last but before the sell which took liquidty (Equal highs). The order block is in the premium price level. Targeting once again clean equal lows. Similar to my EU set up.
Look for long entry on XAUUSDLook for an rejection or engulfing candle in the area of our entry or place a buy limit.
