Smctrading
DXY update before PMI price is near the resistance 0f 104.750 >> 104.800 >> 105
now the question whether the price sweep or run through this liquidity ???
as price has made higher high and higher lows with recent bos we are looking to buy instead of going short
during the impulsive momentum candle price has left behind some bullish fvg which are pending below at the level of 103.700 level before this we have higher low (this higher low could be the liquidity
before 103,700 i dont see any major fvg or ob as of 4h time frame
price currently going all time high which need to take a pullback to fuel the upside move again
the candle formed since 27th march are mostly sideways following a trending which is another area of liquidity laying below it
XTIUSD(US OIL): Swing Buying | Targeting $100 |
XTIUSD, this is our third entry, price currently showing strong bullish behaviour, expecting price to grow steadily. Also, we have news on this coming Friday on NFP, depending on that news if news does come out in our support then we can reach our target one area. Please, keep in mind to take extra care while trading OIL as it has same risk factor as gold.
Good Luck
#XTIUSD/USOIL: Will bull take price to $100?Dear Traders,
Hope you are doing great, US OIL we can see a strong bullish impulse in coming months, in coming months we can target US OIL to hit 79.00 region first then $85.. and final target will be $100. Plus, wait for price to breakthrough the bearish trend line and once it does you can take safe entry. If you want to take higher risk you can enter now with a accurate risk management.
Sellers exhausted and we can see in daily timeframe as price have failed to break through recent LOWER LOW. This is a good sign for us when we are eying for big target.
Please like and comment if you agree with the idea ;)
$CRYPTO:PEELUSD long (based on SMC)CRYPTO:PEELUSD (Peel) is a cryptocurrency renowned for its high volatility, presenting both significant risks and lucrative opportunities for investors. The coin's volatility is central to its appeal, attracting traders looking to capitalize on price fluctuations. The investment strategy behind Peel/USD is grounded in the Smart Money Concept (SMC), a methodology that seeks to exploit market inefficiencies and capitalize on shifts in supply and demand dynamics.
At the time of entry, Peel/USD is positioned at 0.01240, leveraging the demand zone identified within the daily timeframe. This strategic entry point is crucial, as it aligns with the principles of SMC, aiming to enter the market at opportune moments to maximize profit potential.
The primary profit-taking strategy involves setting a target price (TP) at 0.03642, representing a substantial upside potential from the entry point. However, it's imperative to adopt a staggered approach to profit-taking, securing gains at intervals leading up to the full TP. This mitigates risk and ensures that profits are locked in along the way, safeguarding against sudden market reversals.
Given the inherent volatility of Peel/USD, implementing a manual stop-loss (SL) strategy is advisable. While a predefined SL based on a 3% loss can be considered, it's crucial to acknowledge the heightened likelihood of SL triggers due to the coin's erratic price movements. Traders must exercise caution and monitor market conditions closely to adjust SL levels accordingly, minimizing potential losses while maximizing profit potential within this dynamic trading environment.
EURUSD, APRIL 8, 2024 - LONGThis is a 15min internal structure where liquidity has to be taken to fulfill the 4hour pullback. Price has just taken out inducement at 1.08233 and this has created a liquidity below the 1.08403 zone where I am looking to sell for a short term, clearing liquidity and expecting price to to drop to the 1.08147 or 1.08054 zone and create a confirmation entry. Whichever holds out of these two zones, my major target will be the 4hour 1.08673 zone where I will also be looking for a confirmation entry to go short in clearing the 15min external liquidity.
EURUSD - SHORT - APRIL 04, 2024In this analysis of the EURUSD on the 1-hour timeframe, I'm observing how the price behaves around the 1.08500 supply zone. My intention is to confirm a potential short-term selling opportunity as a countertrend move towards the next demand zone at 1.07838. Once this short-term move plays out, I'll be looking for confirmation on a possible long position from that demand zone. It's important to note that the market operates in a fractal nature, meaning that we can only anticipate the next moves as they unfold. Therefore, we'll need to monitor the situation closely to see how it develops.
NZDJPY Analysis of PreferForexNZDJPY is in bearish bias, it has broken the recent bearish market structure at 90.35 level. The price is now retracing back to the upside. There is an unmitigated strong point of interest (POI) at the 90.90 level, and it is advisable to wait and observe how the price reacts at this level. A bearish continuation movement is expected if the price reacts to this zone.
Smart Money Concepts Detailed Learning Plan. 5 Essential Topics
If you want to learn Smart Money concepts, but you don't know what to start with, this article with help.
I will share with you 5-steps Smart Money Concepts learning plan . 5 important topics to study in SMC.
Topic 1:
Market Structure - the analysis of a behavior of a price on a chart.
In the contest of Smart Money Concepts you should learn:
-SMC structure mapping
-Market trend identification
-Trend change
-Trend reversal
-SMC important events: BoS, CHoCH
Learn Trend Analysis
Leach ChoCH
Topic 2:
Liquidity Zones - learn to identify the areas on a price chart where liquidity concentrates.
Learn How to Identify Liquidity Zones
Topic 3:
Imbalance - one of the most accurate signals of the presence of big players / smart money on the market.
Learn How to Identify Imbalance with Candlestick
Topic 4:
Order Block - the specific areas on a price chart where institutional traders / smart money are placing significant number of trading orders.
Top 5:
Top-Down Analysis - structured and consistent analysis of multiple time frames.
After you study Topic 1, 2, 3, 4, you should learn to apply these knowledge and techniques on multiple time frames, to make informed decisions, following long-term, mid-term, short-term analysis.
Learn Top - Down Analysis
The 5 topics that we discussed are essential for your success as a smart money trader.
Study these topics with care, and I guarantee you that you will achieve exceptional results.
❤️Please, support my work with like, thank you!❤️
GBPJPY Analysis of PreferForexGBPJPY is currently following a bullish market structure and is now retracing to the downside, targeting the point of interest (POI). There are some imbalances at the bottom of the recent trading that the price needs to mitigate.
Expect a bullish continuation when the price touches the POI. The target of the bullish movement will be the recent swing high.
Smart Money Concept for 1000Bonk/USDT.P In the dynamic world of cryptocurrency trading, precision and foresight are paramount. Our analysis of 1000Bonk/USDT.P reveals an intriguing opportunity rooted in the Smart Money Concept (SMC), providing a roadmap for potential gains amidst market fluctuations.
Over the past day, 1000Bonk/USDT.P has surged to considerable heights, but signs indicate an impending downturn, albeit the timing remains uncertain. Leveraging the principles of SMC, we pinpoint an entry point at 0.024720. This selection aligns strategically with a 4-hour fair value gap (FVG), presenting an opportune moment to enter the market.
To mitigate risk, we implement a stop-loss (SL) at 0.023544, positioned 0.8% below the 4-hour FVG. This precautionary measure serves as a safeguard against adverse movements, preserving capital in the event of unexpected market shifts.
Our take-profit (TP) strategy is finely tuned to capitalize on market dynamics. We identify a TP level of 0.031182, strategically located at a bearish Order Block (OB). This targeted approach ensures that potential gains are maximized while maintaining a disciplined exit strategy.
Furthermore, traders are encouraged to exercise flexibility in managing their positions, with the option to scale out profits or adjust TP levels based on evolving market conditions. By integrating adaptability with strategic analysis, traders can optimize their returns and navigate the complexities of cryptocurrency trading with confidence.