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Smcanalysis

GBPUSD 1.24124 -0.88 % DAILY BREAKDOWN FOR THE WEEK AHEADHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE POUND DOLLAR IN THE COMING WEEK. GBP/USD CLOSED LAST WEEK WITH SOME STRONG MOMENTUM TOWARDS THE DOWNSIDE SIGNALLING SO MOMENTUM SHIFT. * We have swept previous week high and multiple day candle rejections at this level. * Second candle being that big bearish momentum shift which probably created some market structure shift on lower time frames. * Looking for a continuation of this move in this coming week. - To take the previous lows for confirmation that we are bearish for the week. - Tap in to the OB * If we break below and close under the OB - TARGET would be the FVG that is unmitigated before continuing to the upside. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
EUR/USD ShortIn the recent drop we can clearly see an OrderBlock form with plenty of Imbalance which price is currently pushing up to fill, The reason this candle sticks out to me as an OB is because it's the last candle up which is swiping buyside liquidity before a huge drop, The purple box in the OB represents a slight bit of imbalance which lines up nicely with 50% of the candle, What I'll be looking for around this area? Personally for me to enter this trade I would like to see a clear CHoCH on lower time frames with a nice pull back to fill any imbalance created by the CHoCH I will be watching price as it reaches this level and will not be setting a sell limit, and will only enter the trade if it meets my confirmations My Take Profit levels will be previous lows and any imbalance left by the market CHoCH = Change of character OB = Order block Please remember this is a trade idea and my personal view on the market, Please do your own analysis before entering and use correct risk management, no more than you can afford to lose. Enter at your own risk This is my first post so let me know how i did and anything else you'd like to see Thanks :)
Short
by Brxndon_18
📊 Smart Money Concepts | Supply & Demand🧐What is Smart Money? Smart money refers to the capital that institutional investors, central banks, and other professionals or financial institutions control. It is managed by expert investors who can foresee market trends and make most of the profits. Smart money was originally a gambling term, where it refers to the gamblers that have extensive knowledge of the activity that they wager on or have insider information that the common public is not able to access. The smart money concept suggests that these investors can identify trends and opportunities before the broader market and position themselves accordingly. They may also be able to manipulate the market to their advantage by creating buying or selling pressure on certain securities. Some traders try to follow the smart money by analyzing the actions of these large investors through public filings, news reports, or other sources of information. However, it is important to note that not all trades made by institutional investors or large financial institutions are necessarily "smart," and blindly following their actions can be risky. 🔹 Supply Zone In trading, a supply zone is a price range where there is an abundance of sell orders, resulting in increased selling pressure and potentially a temporary resistance level. A supply zone can be identified on a price chart as an area where the price has previously reversed or stalled, and where there are many unfilled sell orders or pending sell orders. Traders may use supply zones as a reference point for making trading decisions. For example, if the price approaches a supply zone, traders may consider selling or taking profits on existing positions. Conversely, if the price breaks through a supply zone, traders may see it as a bullish signal and consider buying or adding to long positions. 🔹 Demand Zone In trading, a demand zone is a price range where there is an abundance of buy orders, resulting in increased buying pressure and potentially a temporary support level. A demand zone can be identified on a price chart as an area where the price has previously reversed or found support, and where there are many unfilled buy orders or pending buy orders. For example, if the price approaches a demand zone, traders may consider buying or adding to long positions. Conversely, if the price breaks through a demand zone, traders may see it as a bearish signal and consider selling or taking profits on existing positions. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
34