sp500 ideagenerally tonight london take out the daily low and into fvg , NY take out the 60 lookback highs , then distibute to take out 20,40,and 60 day lookback lows
Smcanalysis
Sell trade on GBPJPY -wyckoff distro12hr trade last wed
-seen on 1H mitigation of supply which resulted on wyckoff distro , i wait for clear manipulations of liquidity and proof of supply then i enter sell in N.Y session jan 11 2023 which resulted in 1:7.24RR but it continue to go lower invalidating previous demand level.
Divergence + Minor SNR + OrderblockI spot a divergence on 5M outlook, which then price seem to reject as well giving to a possible orderblock entry and as well as a minor SNR level could be into play as well.
Although the SNR level is not so much clean but to stand more chance is the Divergence as the dominant Reason.
Cons are the price is overall bullish and has just returned from mitigating a price structure and might push more to the upside to mitigate the minor extreme orderblock as AUDCAD mostly does.
EURAUD - SNR (orderblock) entryIts more of a resistance + Orderblock entry than simple SNR. regarding on the sport where the price intially was held as a support and then broke without minor reaction and become a major resistance on the first push leg and now its no the second where the price has mitigated on the previously broken resistance.
there are no cons right now except for a bullish flow up on the candles 1H.
SNR - Entry NZDCHFNZDCHF on the first day of second week in the first month of 2023, spotted a SNR level. where the price was support initially and then become resistence on the breakout marking out 4 strong rejections and breaking on the fifth one.
this entry will be on the first level of support becoming zone.
cons are price too shaggy and might not hold that zone but could mitigate the extremes.
Weekly Outlook - SMC Daily AnalysisWeekly Outlook + Daily Analysis for AUDUSD
Daily Chart
s3.tradingview.com
After a reaction from a flip zone on the daily decisional demand we can see that more recent price action caused a daily change of character. At this point, we can start to anticipate the possibility that the higher time frame is going to turn around and continue the swing trend bearish.
4hr Chart
s3.tradingview.com
After a daily bos or change of character we can now expect a retracement to a daily discount level (if not a sweep if the daily high to form a failed higher high on the daily)
We can see that the 4hr is clearly bullish, heading to a deeply discount range, if not to clear the daily high.
15m chart
s3.tradingview.com
Here is the general expectational order flow that we can look for trade setups within. We understand "what should happen" while simultaneously trading "what is happening" , in other words lets continue to trade with the 4hr and 15m trends until we get a very clear indication of market reversal.