Light Crude Oil... BULLISHThis is a longer term view. It may take a couple of weeks to play out.
The Breaker Block + FVG pose a strong bullish indication that price
may head higher.
The BB represents the turning point in the trend, from a bearish to potentially
bullish market. Not to mention price is going from an ERL to an IRL, potentially.
Smcconcepts
The wave structure of EURUSD is analyzed using the SMC methodDay Swing is bearish => current is internal bullish
4H Swing is bullish => current is internal bearish
M15 Swing is bearish => current swing is CHoCH
In the 15-minute time frame, the price broke the strong swinghigh peak and showed a reversal signal.
so we have:
M15 is trending up
4H is an uptrend
So the price increased again and broke the weak Swing High of 4H
EURUSD bullish trade towards Daily swing highIt's been a while since I posted a trading idea on social media, thought that this would be a good example.
Daily Analysis:
Price has pulled back to a fair price which has nicely reacted from an area of demand The daily structure is bullish, this reaction could potentially be the new daily swing higher low.
H4:
Even though on the H4 we're on a downtrend, the price has strongly reacted from a D TF POI giving the 1st signs of bullish momentum and possible pull-back on the H4 TF, which could potentially be a reversal on the H4 and continuation on the D TF.
M15:
Price has BOS to the upside, changing direction in align with D TF, therefore the probability of this reversal at this POI is high.
Hope that many more posts come to mind and I can restart making my analysis on social media, to share my opinion + grow with the trading community.
GBPUSD 1.26667 - 0.13% SHORT IDEAHELLO TRADERS
Last Day of the week hope everyone is good.
A LOOK AT GBP/USD AHEAD OF THE RED FILLED CALENDAR
* With the DXY continuing towards the buy side, GBP/USD MIGHT CONTINUE TOWARDS tha sell side.
* A Retracement towards the daily open into the imbalance would be great before continuation..
* Relative equal lows as targets + the bullish FVG BELOW
* DXY possibly bullish for the day.
15 MIN GBP/USD
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
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* 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.
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| * 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!
DAILY ANALYSIS // Jan 5, 2024 [ #EURUSD ]Hey traders! 👋 Today's scoop on EURUSD:
🔍 Swing Check: The recent swing didn't convincingly close high up.
🚀 Looking for Longs: For potential gains, watch out for a higher high inside. It signals a shift in direction, making it a good time to consider going long.
Stay sharp, watch those charts, and happy trading! 🌐💰 #ForexTips #EasyTrading #EURUSDUpdate
D |
4H |
15M |
NZDUSD Potential SELL opportunity!NZDUSD is currently exhibiting a downward structural trend, with prices rebounding from weekly and daily highs. As the market retraces into weekly demand, we anticipate further bearish price development. Notably, the 4-hour supporting trendline has been breached, signaling a potential shift in momentum. Our strategy involves patiently awaiting a pullback on the 30-minute timeframe, where we can identify optimal entry points for potential selling opportunities. Stay tuned for updates as the market unfolds.
Wave structure of DXY in time frame M15, 4HDay uptrend -> pullback is bearish
4H dowtrend -> pullback is bearish
M15 Uptrend-> current is bullish
The price increased and broke through the strong swing high, so in the M15 time frame it turned into an uptrend
life cycle of the wave structure
Day is uptrend => 4H is dowtrend => M15 is uptrend => 4H is uptrend => Day Uptrend
XAUUSD: 15 MINT $2090 Target! Gold consolidated and distributed successfully though price have dropped after we still it was a retest to take the price upwards of $2090 which remain a key area. Please use accurate risk management and this idea comes with higher risk, do your own research and only take if you agree with our bias.
Good Luck
GBPUSD Continuing Bullish Momentum?The daily is still in a bullish pullback and it will probably continue to move upwards until it finds a strong supply area. Most likely at the 1.28500 area.
We can take advantage of this move by looking at the LTF and finding demand areas so we can take longs from.
Wave structure of AUDUSD in 15M, 4H time frame4H is uptrend => current is impulse
15M is uptrend -> current is impulse
The current price is in the supply zone of the daily time frame, so there is a high possibility of a pullback wave of the 4H frame.
We wait for the wave structure to develop and give the CHOCH breakout signal
Gold Process, we follow the institutional playersAfter a really good reaction in the OB H1, there might be a good opportunity to sell with a new Bos or witness a significant expansion, but I'm still convinced we are bullish. He possible to Hit the LRLR.
We need to wait for the market to open to assess the situation.
Wave logic analysis of multi-timeframe DXYDay is uptrend -> current is correction
4H is dowtrend -> current is impulse
5M/15M is dowtrend -> current is impulse
Wave 5M/15M reversal increases when the reversal peak is broken. Then the 4H wave is a corrective wave, the price increases back to the Swing High level of the 4H time frame.
If the high of the 4H timeframe is broken, the price will rise back to the swing high of the daily timeframe.