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EURJPY: Harmonic Bat and Rising Wedge Unveil Insights...SELL?Greetings, fellow traders! In the context of EURJPY, a discernible pattern is emerging as the price unfolds within the confines of a rising wedge. Notably, this pattern is converging towards a prospective supply zone, coinciding with the culmination of a harmonic bat pattern as it reaches its D leg. Anticipation of a market shift towards selling becomes more apparent in light of this convergence. The confluence of factors, including the potential completion of the harmonic bat pattern and the formation of the rising wedge, adds weight to the expectation of a downturn. The significance of this scenario is further underscored by the likelihood of a breach in the supporting trend of the wedge. Closely monitor this juncture, as it presents an opportune moment for strategic decision-making. Exercise due diligence and consider leveraging this insightful confluence for informed trading decisions in the evolving EURJPY market. Happy trading!
Short
by Koolermactrez
XAU/USD ↘️ Short Trade setup ↘️Hello Everyone 🙋🏽‍♂️ "We are currently observing a rejection in the market, signaling the beginning of a downtrend. The lack of a breakout suggests that the trend is persisting. It's advisable to adjust the stop loss to the entry point at the price of 2000. Additionally, we have identified an old significant fair value gap candle at this level, indicating the potential for a rejection. Our initial target is set at 1985, based on historical price action that indicates a previous rejection at this level, creating an order block. It's logical to anticipate another rejection from this point. Our second target is at 1940, corresponding to another order block from previous market behavior." 💲 Entry Point : 2029 ✔️ Tp 1985 ✔️ Tp 1940 🔴 SL 2065 Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading .
OANDA:XAUUSDShort
by EMA_Trading
EURUSD DAILY MULTIMEFRAME SMC ANALYSIS1. Daily Swing is bearish. This could be the end of the Daily pullback and the start of the Daily pro trend run to target the W.D.S.L. End of Swing pullback confirmed after a bearish daily internal bos. This supply may hold to continue that bearish momentum. 2. Lower probibility that the Daily internal could remain bullish for another leg up to the extreme zone. But wait for 4H/15M to clearly change bullish to signal this may be the scenario.
Short
by JancoFxTrading
1
💹A trading opportunities - Short USDCAD retracementLook no further! Our analysis shows that USDCAD is currently in an uptrend in 4H or above timeframes. However, we’ve identified a potential opportunity for a short trade. Key Level 1.3480 has been broken, and we’re waiting for a retest on resistance levels (as marked as Sell limit levels on chart). If all goes well, we could see a touch on 1.3453 and gain some pips from this short trade. More take profit levels and the stop loss are marked on the chart too. 🤑🤑🤑 I hope this helps! Remember, trading is risky and always do your own research and analysis before making any trades. Good luck! 🤞
Short
by ICT_Trader_SB
GBPSUD ICT Long setup in Lower timeframe. 30 pips profit possiblGBPSUD ICT Long setup in Lower timeframe. 30 pips profit possible! Hey traders! 👋 Quick update~ GBPUSD is in Downtrend in 4H or above timeframes. Perhaps a displacement and Choch break through 1.2679, retested on support level 1.2639 today. Possible a little hit the Swing high 1.2696~ Gain some pips from Long trade. Remember, this is just an idea and not a guarantee. Always do your own research and analysis before making any trades. Good luck! 🤞 If you found value in this post, please like and share it and let more traders can alert this and for up coming updates and ideas, thank you so much!👋
Long
by ICT_Trader_SB
w1 Demand zone | GBPJPY Short-term pull back (risky)GBPJPY is at demand zone(nested daily in weekly demand zone) there is a possibility for a short-term pull back, since GBPJPY is at extreme holding long is risky. upon confirmation on the demand zone the possible target is 185.805 - 185.038 supply zone. W1 and w2 zone are the two demand zone in control. W1 and w2 zone are the last two imbalances remaining for a potential long term sell if eliminated since GBPJPY is at extreme.
Long
by ExtraOrdy
SMC The best way to detect Order Blocks Due to the great popularity of the Smart Money Concept approach, traders around the world are learning how to identify Order Block in the best way possible. Although there are different variations of the approach, the logic remains the same - accurately identifying a large limit volume in order to get the best entry point and catch the movement of a major player. I will show you, in my opinion, the most accurate practice for detecting Order Block, which in addition will increase the number of potential entries. It is different from the classic application. Check it out! Defining Max and Min on the chart No matter what asset you are trading and timeframe, any logic for finding OB starts with marking the lows and highs (MIN MAX). This is necessary to: Identifying the trend in whose direction we will be looking for the Order Block. Directly for the Order Block itself, as it will be located at one of the MIN or MAX. In our example, we will be looking for an Order Block on USDJPY H1 Note: There are so-called true Min and Max (signed in white on the chart). They determine the direction of the trend on this timeframe and the Order Block can be located in them. But there are also local Min and Max (signed in orange color), which do NOT determine the direction of the trend on this timeframe, but they can also contain an Order Block. Having determined the true Min and Max, it is not difficult to establish the trend direction by comparing the last 4 points of the true MIN MAX. In our case, the trend is downward. Looking for a Order Block by trend OB should be searched at the last MAX (in case of selling) or MIN (in case of buying). It does not matter whether it is a local or a true MIN MAX, the most important thing is the most recent one. And here are the specific rules for this (for a bearish OB): Find the most recent MAX Find the last green candle before the MAX MAX point should be a false breakout of this green candle Draw the boundaries of this green candle - they will be the order block Let's turn to a close-up of our example: All conditions are met. Found order block for sale. Oder Block activation and entry. Once an Order Block is marked, it is not yet sufficient to find an entry. An important condition before entry is Activation of the block. This is how we make sure that a major player is really moving the price in the right direction. Activation is the breakdown of the block in the direction of the trade. In our example, activation is a break of the lower boundary of the block. Attention: if the block order breaks through in the opposite direction, it is considered broken and can no longer be used. After activation, you should wait for the price to return to the block and open a trade there. It is ideal to put a limit order. Stop Loss will always be the upper boundary of the block, Take Profit can be taken variably, there are no rigid rules. Strong blocks can give more than one reaction. Then you can try to enter the block again. Conclusion In this article, we have shown the author's variant of how to find a block order on the trend and showed an example of how to work it out. Such blocks are especially strong and give many good entries. Of course, finding a block order is an important part of the Smart Money concept, but there are many more tools that will help to clarify the entry and exit and make SMC as efficient as possible (e.g. liquidity). We will talk about them in other articles.
Education
by Smart_Miner
3
PRICE ACTION VS SMART MONEY CONCEPTS : the double bottomIn the world of technical analysis, the double bottom pattern holds a special place for traders. However, the way this pattern is interpreted can vary, especially when comparing the traditional price action approach with the more intricate Smart Money concepts. Traditionally, a double bottom is identified by the formation of two distinct lows, approximately at the same price level, separated by a reaction high. Traders keen on price action look for a breakout above this reaction high as a signal for potential bullish momentum. As a price action trader i was interested by the Smart money concepts approach so i decided to read about it a little bit and i found it pretty detailed after reading here are the differences that i noticed on the double bottom pattern.
EIGHTCAP:XAUUSD
by xAB777
Intraday Scalping Idea for USDJPY: Key Levels and Sell LimitsHey traders! 👋 H1 ICT short setup Let’s take a look at the USDJPY H1 chart, which performed LG and Displacement + Choch after the last NY session and Asia AM session. Our AI screener shows that the JPY has slowed down the weak strength (turning to the strong side gradually) and the USD is increasing momentum to the weak side, which makes USDJPY drop as well. If you’re looking for an intraday scalping idea, here’s one for you: 🎯 Target on key levels: 145.30 144.72 📉 Sell limit order levels: 145.48 145.63 145.77 🛑 Stop loss: 145.90 Remember, this is just an idea and not a guarantee. Always do your own research and analysis before making any trades. Good luck! 🤞
Short
by ICT_Trader_SB
2