Smcanalysis
HIGH + LOW RESISTANCE LIQUIDITYHIGH + LOW RESISTANCE LIQUIDITY
LOW RESISTANCE LQ
1. No liquidity
Available SSLQ generated at weak low = low ressistance LQ
2. Price is more likely to pullbakc to the nearest POI
3. High resistance LQ left at new strong high
4. Price will move impulsively past low resistance lows to target availabe weak low
HIGH RESISTANCE LQ
1. Strong liquidity
Signals potential institutional backing leaves high resistanve LQ
2. Often price will then pull bakc much deeper or protentially reverse
3. The end of the pullback often forms through a liquiditytion, leaving high resistance LQ at what he becomes the new strong / protected high
4. Price meets some resistance at the sweep zone to the left rather than smashigh straight through the weak lows when there's low resistance lQ
#AUDJPY: Targeting 105.00 area and beyond|AUDJPY| SetupsFX_|Dear Traders,
Similar to our other JPY chart analysis, we expect the same with AUDJPY, prices is likely to touch one more time 105 region or go beyond that. Possible entry is when drop a little and there we can get a better entry. Good Luck and Trade Safe.
HIGH LEVEL TRADE PLANHIGH LEVEL TRADE PLAN
HTF Objective -> MTF POIs -> LTF Execution
1/ After HTF BOS, expect HTF Swing pullback
- Mitigation of HTF supply
- HTF CHoCH/i-BOS
- Target HTF demand in discount
2/ You must wait for a MTF POI mitigation before looking for LTF entry model, otherwise wait for MTF CHoCH/i-BOS to form fresh MTF POi. The latter is recommended when trading counter + OF
3/ Trade pro MTF OF into HTF discount demand
MTF objective - HTF pullback
#EURUSD: Keeping NFP in mind| What you think? Price rejected at 1.07526 with stronger wick rejections, suggesting further drop in price is inevitable, alongside DXY failed to make major bearish correction. Currently, DXY is extremely bullish and it is likely to remain that way until friday where we will be having NFP(NON-FARM PAYROLL). Price can drop until our entry point at 1.05204 where in our opinion price can rebound strongly.
So what do you think about EURUSD.
Wave structure of EURUDS on 14 minute, 4 hour time frameThe 4-hour time frame is showing a bearish swing wave =>
Currently it is a bullish recovery wave
The 15-minute time frame is bullish but has given a bearish CHOCH signal
We look for opportunities to sell to the weak swing bottom of the 4-hour frame
BTCUSD: Targeting $53000 area! Bitcoin has been consolidating within the range of $65,000 to $80,000. There is a possibility that the price may experience a decline and reach levels between $50,000 and $53,000. This range represents a crucial support zone where the price could potentially find support and rebound. It is important to note that market conditions can be unpredictable, especially during holiday periods. Trading volume is likely to normalize after April 2nd. Please always maintain risk management the first priority; only take this idea as a educational purpose and not as a guaranteed success.
Wishing everyone a joyous Easter!
XTIUSD (US OIL/ WTI) : 1800+ Pips Opportunity| Setupsfx_ |Dear Traders,
Hope you are doing great, US OIL still has high chances of touching the 90.00 region and beyond. Price made correction after rejecting at 87.00, price dropped to 80.00 from where we think price is likely to continue the bullish momentum. However, it is crucial to keep next week news in mind as well.
Good Luck