Smctrading
EURGBP Buy for scalpers and sell for day traders?EURGBP looks good for sellers, however we would not want to sell at the first POI as price would still be cheap (In the discounted area) from the swing high that created that BOS. Otherwise, the second OB should definitely give us opportunities to go short.
All the best!!!
NASDAQ expected to correct to the downside before going up!!!Nasdaq has been trading in a correction printing Lower Lows and Lower Highs creating break of structures to the downside, however now we have a change of character and break of structure on the second previous lower high leaving an imbalance as it was going up. Price touched the previous swing high therefore we can expect a pullback to the downside before the main anticipated bullish move.
All the best!!!!
5/5 : DXY - M15 - LONG ; GBPJPY - M15 - SHORTTVC:DXY
- Find a BoS
- OB => Good indication
- trendline Liquidity at Pullback leg => additional indication
=> Direct Limit entry
*Cancel Oder when Price Break High
OANDA:GBPJPY
- Find a BoS
- OBx => Strong indication
- Liquidity at Pullback Leg => addition indication
=> Direct Limit at OBx
*Cancel when break the Low
Looking at going short on EUWe are within our H1 Order Block and price has been printing LHs and LLs on the hourly timeframe. However let us keep in mind that we are bullish on the 4H timeframe therefore we need to thread carefully on this one as a break to the upside can change our view.
Proper Risk Management To Be Applied.
Best of Luck!!!!
We need to wait confirmation of GBPUSD
Confirm bullish wave on h1 . frame
The golden zone of fibo is the area we need to wait.
So what are we waiting for?
Waiting for supply exhaustion - selling exhausted
And when supply runs out. We continue to wait
Waiting for buying - buyers join in
Buy structure is formed, will find the ENTRY AREA and optimize the entry point on the m15 m5 frame. Details will be updated in real time
USD/JPY Potential Forecast|HTF Analysis|Wednesday 4 May 2023Hi everyone!
-On USD/JPY we have a high probability demand below price with a lot of imbalances and liquidity resting below.
-Also we are in a bullish trend so its high probability for structure correctement.
-If the demand will hold I will look for LTF confirmations and enter the position.
I wish you a successful week
CTSI Buy/Long Setup on 1H TF (Swing)Elliott Wave 1-5 has been plotted and we are waiting for an ABC correction pattern. However, a BoS and CHoCH have been plotted as well. We can take a risky LONG here with the retracements for our planned take profits as follows:
🚪Entry: Current price
💰Trade: Cross 10-15x (2% of capital)
⛔SL: 0.2255
🎯1: 0.2592
🎯2: 0.2660
🎯3: 0.2757
🎯4: 0.2881