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Smcconcepts

EURCAD Alternative CountEURCAD is in an interesting situation where we have alternative scenario, where in the short-term they are indicating the same direction but in the long-term are different. The idea is we have a zig-zag correction and also a leading contracting diagonal pattern. Zig-Zag correction pattern we will see price break below previous low to make new lows, suggesting long-term bearish trend. Leading Contracting Diagonal pattern suggesting we will make short-term bearish move to complete a corrective pattern as motive waves are always followed by corrections. With that in mind we cant make new low or break old low that would only invalidate the Leading Diagonal scenario. What are your thoughts?
by Weshareio
BTCUSDT is testing the demand ZoneThe price is testing a key level on 19300, where the price has the supply zone . The price bounced on 18850$ How to approach it? Today is a volatility day, so the price could create the spike in order to grab the liquidity and create a bearish impulse ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
4
EURUSD 4H TF (9/20/22)We have a protected low and a targeted high showing price is bullish and executing the complex pullback of the daily. Within this range we can see it has its own complex pullback down to demand zones. Price tapped into a demand zone and has been range for a few days. We can see in the range that price built liquidity, swept the liquidity and FTC'd the high of the range. It then pulled back to demand and target the high again but FTC'd the previous high while also creating a bullish internal bos. The internal structure is aligned bullish with the HTF narrative but be sure to look at both sides.
by Botnus110
BTCUSDT wants the demand zone?The price has a demand zone above the previous lower low in the lower timeframe where the market created an order block inside the demand zone. We are monitoring these levels and we are waiting for a reaction. Volatility day ahead ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >= 1h structure. Follow the Shrimp 🦐
by InkyGrip
14
EURUSD 4H TF (9/18/22)We have a protected low and targeted high. Those swings points were a complex pull back for the daily TF. We can see that price moved correctively upwards and left clear demand zones to trade from. We now have a internal break bearish to those demand zones. So this is the complex pullback for the 4h. Price ranged at this demand zone and eventually swept the lows and FTC'd the range high. We can see have a valid demand zone we can look for our entry model on. We are currently price in discount.
by Botnus110