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.
Smctrading
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.
XAU/USD 29 March 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price is now trading within a fractal high and low.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new high.
Due to the bullish nature of the market and prices at all time highs, it would be advisable to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS printing all time highs with no structure to the upside. We are now trading within a fractal high and low.
As with all HTF's it would be advisable to adopt patience and allow price to print structure before taking any action as opposed to picking tops.
Intraday expectation would be for price to pull back following iBOS.
Another likely scenario is price to continue bullish and keep printing all time highs!
M15 Chart:
XAUUSD(GOLD): Two Possible Selling Opportunity! Gold hit record high recently due to fed involvement, however it dropped sharply. The price behaviour has shown some strange movement, making in hard to spot the clear movement. In our bias, there are two areas that we are interested in first one we will be respecting the current pattern that price has been forming. However, this can be riskier, therefore, we have a safe entry where the area has left liquidity gap.
Use accurate risk managemen.
EURUSD - LONG - MARCH 28, 2024EURUSD has broken structure on the 1hr timeframe which will cause a pullback. But then, the supply zone which it has tap into could make it pullback to a potential demand zone. This demand zone at 1.09000 seems to be that it will attract price to it cause of the liquidity that is resting below it. At this point lets keep our fingers crossed and follow price action.
EURUSD Analysis of PreferforexAccording to the 4hour View, the pair EURUSD is in Bullish, it break the bullish structure and now it is retracing to find more liquidity and to mitigate the unmitigated POI.
It is now near to a POI, expecting the bullish continuation when the price touch and react on this POI.
Wave structure of SUN coin in week time frameWeek is swing pullish => current is pullback dow
Day is swing pullish => current is pullback dow
4H is swing pullish => current is pullback dow
M15 is swing bearish
Currently, the price has reached the top of the weekly frame of the internal wave
Therefore, the price will have a downward pullback before continuing to increase
Buy when the wave structure of the 15 minute time frame turns bullish