NAS100 - D1 Bearish Order BlockComment Ideas and/or any reasons why you would or wouldn't take this trade!
Was late to post this on Friday.
Going short on NAS100.
Setup:
Sell Limit @ 12563.58
S/L: 12682.50
T/P 1: 11925.23
T/P 2: 11802.45
Why?
- NAS100 broke market structure to make a new low - Start looking for Bearish opportunities
- Retraced back up past 0.79 & 0.759(OTEs) on Fib filling market imbalance left from previous sell
- Market imbalance left behind from previous buys (FVGs)
- Current momentum is Bearish
- Strong rejection from Bearish OB
- D1 Structure tends to be more reliable than lower timeframes
Why not?
- NAS100 has the potential to break bearish OB and create a new high
- Higher timeframes have larger stop-losses (Higher risk but also higher reward🧠)
--------------------------------------------------------------------------------------
Remember, only risk up to 5% of your account per trade. I have a very small account of €200. I am risking ~€14 on this trade with the potential to lock in €71 profit - so I am risking more than normal by a slight margin BUT only because of how great the setup looks.
This material is for educational purposes ONLY.
Trade smart.
--------------------------------------------------------------------------------------
Glossary:
OTE = Optimal Trade Entry (Most opportune place to enter a trade)
OB = Order Block (Where price is likely to make a reversal)
FVG = Fair Value Gap (Gaps left when only sellers/buyers were moving price down/up)
Smcconcepts
Cable's bias for the weekFrom my understanding of the ICT concepts, price is coming from a bearish order block on the weekly time frame, and a bearish market maker model on the four hour chart. Targets are the daily swing lows. If price goes above the red shaded area then we assume bullish run for liquidity above the order block
XAUUSD ANALYSIS UPDATEAlthough I am long term short on gold there is a possibility of going long. Always be flexible and never marry a set up. If we have a 15 min BOS then we can look for longs to take out the high. If we break below then I’ll be following my previous analysis. For now enjoy your weekend
XAUUSD Short Idea following current Daily swing rangeThe long analysis from yesterday was just to facilitate the daily pull back. Looking at the daily chart if we get a change of character here we could possibly short down to the daily low. However there is a bit of liquidity up above which might get taken out so do not enter without clear confirmation.
OANDA:XAUUSD
XAUUSD LONG IDEA SMCWe are currently Bullish on the 4H timeframe. The strong low is the 4H low. Looking for a BOS on the 15 min to confirm we are going long to break the 4H high.
US30 NY Session Analysis | Wednesday 3rd August 2022Narrative - LTF and LTF OF is bullish whilst 4h OF is bearish. Price has mitigated the 50% of the LTF swing range and could continue bullish sweeping the highs from here. but also monitoring the HTF supply zones for shorts to continue the HTF bearish bias, which will be be very HP on a break of LTF OF bearish.
EUR/USD shortsLooking to take EU lower, we now have a HTF change of character after reaction from the 1H supply zone.
DXY change of character and pulling back up after reaction from Demand as another confirmation to take EUR/USD lower.
GBPUSD shortsLooking to take GU lower after reaction from the 1D supply area.
We see a nice reversal reaction after tapped into the 1D supply.
Price action reverse on the 30M-1H, looks like GU is ready to reverse and test new 1D lows. DXY looks bullish too
XAUUSD Unclear Double Sided Scenario Alternative CountXAUUSD is showing two directions bullish and bearish. Both directions are valid as they do not violate Elliott Wave Theory rules/guidelines.
Bullish scenario
We are done moving in the downside direction. As a flat correction on a bigger timeframe or higher timeframe. And what we are seeing now is a series of ones to the upside. If you look at the 1 to 4-hour timeframe analysis we have 1-2-3 sequences and waiting for a 4 before executing the long idea. To go long for the long term we might want to wait for a deeper pullback for 2wave 2 before buying.
Bearish scenario
The downside is not yet over we have to complete the fifth wave phase at the 1.618 Fibonacci level for the extended wave 5. To trade this situation you enter at the current price and use the marked purple level as the invalidation level. It's a risky bet but it can pay off. If can consider both directions and still come out a winner but we have to micro-manage to see the price reach a certain level and let it run.
GJ ( GPYJPY ) Tuesday Equity open Entry 2nd August buy limitAnalysis conclusion is made by seeing the Bullish Momentum, ICT Model can be applied. Ive seen this happen before in my backtesting I'm overall confident even though we are opposing the trend for this Scalp
we can target the 1 Hour Range EQ ( 50% ), im going to move SL To entry as seen at 1:1 and im targeting the Institutional level which also sits at a 15M Orderblock.
Feel free to join in the trade and let me know if you have any questions.
USDCAD shortsRisky trade on USDCAD, Im looking to take the price down from either this 2m zone or the 1H imbalanced supply above it.
Wait for confirmation or half your risk with the 2M zone.
DXY - Bearish OB on H1Comment Ideas and/or any reasons why you would or wouldn't take this trade!
Going short on DXY.
Setup 1 :
Sell Limit @ 107.219
S/L: 107.495
T/P: 105.476
Profit/Loss = 6.32
Setup 2 (Lower-Risk):
Sell Limit @ 107.319
S/L: 107.531
T/P: 105.476
Profit/Loss = 8.69
Why?
- Retraced back up past 0.79 & 0.759( OTEs ) on Fib filling market imbalance left from previous sell
- Market imbalance left behind from previous buys (FVGs)
- Current momentum is Bearish
- Strong rejection from Bearish OB
Why not?
- DXY did not break market structure to make a new low - not required but good to have as confirmation for direction
- DXY has the potential to break bearish OB and create a new high - New low has not been made on higher timeframes
- Lower timeframes are not as reliable as higher ones
--------------------------------------------------------------------------------------
Remember, only risk up to 5% of your account per trade. There are two potential setups for this trade so if you are going to take one, it is almost always better to place a lower-risk trade that you might miss than a high risk one that has a higher risk
This material is for educational purposes ONLY.
Trade smart.
--------------------------------------------------------------------------------------
Glossary:
OTE = Optimal Trade Entry (Most opportune place to enter a trade)
OB = Order Block (Where price is likely to make a reversal)
FVG = Fair Value Gap (Gaps left when only sellers/buyers were moving price down/up)
EURUSD Wait For The Trigger 🔥🔥Hello Traders, Welcome to this analysis, In multiple time frames we are looking at the EURUSD and the M15 timeframe.
My trading strategy is based on simplicity.
Please don't forget to FOLLOW, LIKE and COMMENT.
If you like my analysis.
Thank you and Good Luck!
US30 NY Analysis | Friday 29th July 2022Narrative - LTF and 4h OF is bullish looking for short term longs into higher refined supply zones for potential swing shorts following HTF Swing ranges. Could see the break of the swing ranges and sweep of liquidity above current Daily and 4h swing highs.
Xauusd short ideaSupply block mitigated at 50% which confirms entry. Didnt enter, just a concept. Looks promising.
Still Valid - EURJPY Bullish OB on D1Bullish OB was formed on the EURJPY chart and price has come down to test it, where do you think it will go?
Comment Ideas and/or any reasons why you would or wouldn't take this trade!
Going long on EURJPY .
Setup:
Buy Limit @ 138.529
S/L: 137.871
T/P: 143.858
Why?
- Current overall momentum is bullish
- Retraced back up past 0.79 & 0.759( OTEs ) on Fib filling market imbalance left from previous sell
- Market imbalance left behind from previous buys (FVGs)
- We are already seeing some rejection from Bullish OB
- D1 Structure tends to be more reliable than lower timeframes
Why not?
- EURJPY has the potential to break Bullish OB and create a new low
- EURJPY created new swing low on lower TF.
--------------------------------------------------------------------------------------
Remember, only risk up to 5% of your account across all open positions.
This material is for educational purposes ONLY.
Trade smart.
--------------------------------------------------------------------------------------
Glossary:
OTE = Optimal Trade Entry (Most opportune place to enter a trade)
OB = Order Block (Where price is likely to make a reversal)
FVG = Fair Value Gap (Gaps left when only sellers/buyers were moving price down/up)
bank nifty consiladationthe market was moving around the support and restieancy
and the market was in conlidation her may the smart money entry( SMC )
(AND ITS AN ODER BLOCK)
🇺🇸 US30 - NY Session - 26th July 2022 🇺🇸 US30 - NY Session - 26th July 2022
Narrative - Looking at both sides of the market in this session due to bearish 4h OF and HTF bearish intent as well playing the bullish LTF swing range and LTF OF ranges. Will prioritise trading with LTF OF due to the conflicting nature of the LTF swing range and 4h OF..
EURUSDSellers seem to be maintaining momentum to plunge price;
The 1.040 level looks promising for injecting sell orders!!
But technically, 4H chart shows that levels ranging 1.023-1.025 have proven to be a strong resistance for Buyers as Sell Orders have proven to be around these areas and price might need not get to 1.040 levels. These resistant levels have clearly shown institutional foot prints conducting re-distribution and this is worthy of note owing to the fact that these lurking foot prints are becoming more conspicuous after ECB just recently hiked interest rates by 50bps on July 21st, 2022.
Commitment of Traders report as displayed by Chicago Mercantile Exchange suggests the net position of categorized traders on the future contract of the Euro FX gravitating towards the shorts as Price is seen to be trading around a key resistance earlier expounded around the technicals.
Of course, there are intricacies to the analytical decisions drawn but for the sake of summary, this might provide a compass to figuring out sniper entries. Yes, Sniper Entries.
In my Opinion, Expectations of interest rate hike by the Federal Reserve will see #EURUSD plummeting; breaking through parity level.
It just might get worse for Euro.
#InterestRates #Commodity #Currency #forextrading #futures #TradehoodAcademy #Institutionallevels
EURUSD | BEARISHNESSSellers seem to be maintaining momentum to plunge price;
The 1.040 level looks promising for injecting sell orders!!
But technically, 4H chart shows that levels ranging 1.023-1.025 have proven to be a strong resistance for Buyers as Sell Orders have proven to be around these areas and price might need not get to 1.040 levels. These resistant levels have clearly shown institutional foot prints conducting re-distribution and this is worthy of note owing to the fact that these lurking foot prints are becoming more conspicuous after ECB just recently hiked interest rates by 50bps on July 21st, 2022.
Commitment of Traders report as displayed by Chicago Mercantile Exchange suggests the net position of categorized traders on the future contract of the Euro FX gravitating towards the shorts as Price is seen to be trading around a key resistance earlier expounded around the technicals.
Of course, there are intricacies to the analytical decisions drawn but for the sake of summary, this might provide a compass to figuring out sniper entries. Yes, Sniper Entries.
In my Opinion, Expectations of interest rate hike by the Federal Reserve will see #EURUSD plummeting; breaking throught parity level.
It just might get worse for Euro.
#InterestRates #Commodity #Currency #forextrading #futures #TradehoodAcademy #Institutionallevels
CAD/CHF shortsCAD/CHF shorts off this unmitigated 1H supply zone. Entry on the 50% or LTF confirmation entry.
GBPJPY Buy From Demand | Smart Money ConceptHey traders, here is the analysis for the GBPJPY. If you guys like my analysis please hit like👍 and follow. Thanks.
