AUDCAD Short TradeMARKET PHASE
OANDA:AUDCAD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has already started it's initial move down, the velocity of the downward move caused a gap in price around 0.89169. Price retraced to this level, triggering our entry and has continued downwards.
TRADE
I will be entering short on OANDA:AUDCAD with the following parameters:
Sell Limit: 0.89169
Stop Loss: 0.89239
Take Profit: 0.88889
SMC-ICT
USOIL LongReason:
Market structure is bullish
Fair value gaps
Break of structure
COT data showed me that last week smart money have been going long on OIL
i always take trades on the 0.8 level of fibonacci retracement but ive been trying something different and enter on the 0.618 level and have a set R.R of 2.5. dont see this as a signal but just an idea
COTIUSDT.PAs depicted on the chart, both the 4-hour and 1-hour trends indicate an upward movement in the market. Additionally, the price is approaching the 4-hour Point of Interest (POI), which is considered a strong zone due to the significant uptrend. Therefore, placing a pending order for a buy position seems more probable. However, it's advisable to set the take profit (TP) after the completion of the 1-hour trend.
ONEUSDT.PIn the 1-hour time frame, the 1-hour order block (OB) hasn't been confirmed yet. Its confirmation depends on the 1-hour break of structure (BOS), which hasn't validly broken the recent low. If a short position is taken with a target set at the 4-hour order block, there might be fluctuations before bouncing from that zone.
On the flip side of this analysis, the 1-hour order block is not confirmed as a take-profit point for a long position.
LITUSDT.PLITUSDT.P bounced from 4H POI and might go upper and in the following i expect the last position
ETCUSDT.PIt appears that the price is approaching the 4-hour Point of Interest (POI), which looks promising. Additionally, I've noticed that both the 4-hour POI and the 1-hour Order Block (OB) coincide. Therefore, I anticipate a favourable reaction in this zone with a potential upward bounce.
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XTZUSDT.Preaching 4H Order block initiate the first long position and pending order could be placed.
if price go down to lower level near to 4H order block, according to weak upmovement in 4H time frame, i expect some fluctuation befor going up. and in oder to masive down movement in 4H time frame, pushing price to the up side s more possible
entry price, SL and TP is clear on the chart and i hope helps you makeing profit
It would be my pleasure to hear your thoughts on the analysis.
AVAXUSDT.PI've observed a significant upward movement in the 4-hour timeframe, indicating a potential trend reversal. However, it's crucial to acknowledge the substantial fluctuation within the 4-hour Order Block, underscoring the need for confirmation.
Despite the pronounced fluctuations, the 4-hour Order Block remains unbroken, and the overall trend is still bullish. Concurrently, the 1-hour timeframe signals a downtrend. In light of these conflicting indicators, it is not advisable to consider a long position in this zone. However, with effective risk management, one might consider entering a long position at the current price on the chart
After reaching the 1-hour Order Block, and upon receiving confirmation in the 15-minute time frame, a potential short position could present a favorable opportunity
I am trying to explore all possibilities and map the path of the market in the future. I hope my analyses help you gain profits. It would be my pleasure to hear your thoughts on the analysis.
SOLSUSDT.PI only publish my own ideas when considering entering a position. I strive to predict future market movements, exploring various probable scenarios. In each scenario, I define approximate entry prices, profit levels, and stop-loss points.
It would be delightful if you could express your opinion about this analysis.
GBPUSDDuring pre london, GU tapped into our 4hr FVG and flew toward previous day high to make a new high. Since we have seen a reaction off the 4hr POI. We could see GU go bullish once it gets into a discount. Depending on how DXY plays out we could see price take out the daily low as well then go bullish.