Smcanalysis
#XAUUSD: Has the Trend Changed on daily timeframe!?Dear Traders,
After looking at how price has behaved strangely suggesting a possible price reversal, if price drop it is likely to have. a swing bearish move since there is no strong reason for price to retest the 2277 region as it already has done once. There is another strong possibility is that, below price area of 2270 needs to be filled so we can expect price to drop somewhere 2208$. Good luck and trade safe!
GBPJPY market structure analysis on 4 and 1 hour timeframes4H swing is bullish => current is pullback dow.
1H swing is bearish => current is pullback up.
M15 swing is bearish
Price has not broken through SMT and IDM, we can look for selling opportunities down to the demand zone of the 4-hour time frame
GBPJPY market structure analysis on 4 and 1 hour timeframes4H swing is bullish => current is pullback.
1H swing is bearish => current is pullback.
Price has not broken through SMT and IDM but there is a pullback inducement signal so we can look for selling opportunities down to the demand zone of the 4 hour time frame
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.