2nd test drive for a mix of smc and elliott for bearish scenarioIn previous post we mentioned the buy side opportunity and it was a model without the taking considiration of htf bias. Bias is bearish and even though it is from a chart which was a false one. it gave the idea that htf bias is soo important. As smc mentions it a lot. that is a great example if you dont take it into considiration. Even though the strategy is right you might end up having a losing trade. Market structure shift and reversals are different matter ofc.
Now this chart is from Binance and you can see how it is affective to have a bias from htf. so this is a bearish scenario. There is a 1h fvg and it might be a magnet for the price to go down. Again it will be shown in elliott waves.
Smctrading
USDCAD LONG BIAS (UPDATE!)Hello all!
Back with another one, this time USDCAD..
The pair FINALLY broke consolidation. Now, i will monitor LTF to follow the continuation to the next Supply zone (marked).
UC broke a strong supply today, and now we can look to take LONG positions until 1.372..
Trade safe, take care!
US30 SHORT BIAS (UPDATE)Hello all!
Hope you are doing well :)
In the case of US30, the pair broke the Consolidation (marked from last idea shared) to the DOWNSIDE and is targeting the HTF Demand Zone shown..
For now, i will stay away from US30 until the pair MITIGATES the Demand Zone!
Will make updates depending on what i see!
Take care!
NASDAQ Analysis (LONG BIAS)Hello all!
NAS100 is looking INTERESTING!
After a long sideways movement on this pair for the past week or so..
I have marked Liquidity and Imbalances, as well as my POIs of course! ;)
Will monitor LTF, wait for confirmation, and execute a LONG position targeting 13200!
Take care!
XAUUSD SHORT BIAS! (UPDATED!)Hello all!
Hope you are doing well!
Like shared last week in a recorded video projecting potential XAUUSD movement. The pair continued to the downside and is still yet to retrace before selling more..
I will still monitor the POI marked near 187x and look to take a SHORT position.
One thing i can advice is, DO NOT BUY GOLD! When we get a downtrend where Supply zones and confirmation entries are not mitigating, that means the pressure of selling is HIGH!
Take care!
GBPJPY LONG BIAS! (UPDATED!)Hello all!
Hope you are all well!
GJ is still very BULLISH, like projected in January, the pair bought from 157 area, and now i am looking for entries to take LONG positions until we hit 166.
I have marked my POI for you (LTF) where i will monitor 15min and 1h time frame and look to enter a LONG position.
Take care!
XAUUSD SHORT BIAS! (UPDATED!)Hello all!
Quick update on XAUUSD..
The pair broke a Daily OB with ease during Asian Session. So, now i will look at the POI marked on 4H to take a SHORT position. Main target now is the Weekly DEMAND (Marked).
A lot of imbalances and liquidity above 185x. Hence my aim to short from there!
Let's See!