EU analysis for the upcoming week of Oct. 9In this video I go over my opinion of were I think price will be heading. EU has reacted off a Daily -OB MT to the pip and has started its decent to the nether parts of the charts. It is my opinion that since the dollar is still buying so strong that EU will continue to sell. I think that EU is setting up to retrace towards premium prices for shorts. There are key levels I highlight where I will be looking to add positions.
SMT
Macro View for EU.Overall EU is still very much Bearish, but still hasn't retraced to an optimal premium price level. There are imbalances to the upside noted here as "FVG" where price must be delivered buyside. In my humble opinion, the areas between the FVG, .79FIB and -OB is where I will be looking for entries for the major selloff. This could potentially be a swing/position trade. Lets see how it plays out.
-ChaarateFx
My analysis for GJ for the upcoming week of Oct. 9. In my opinion, GJ is bearish for the moment given the fact that there was a major impulse in price action on the daily chart that broke structure to the downside. In this video I share my ideas where I anticipate price heading in the short to intermediate term.
AUDCAD Short IdeaThe idea behind this potential setup is with the recent bearish momentum, we've continued to break lows and then break the significant low that i have market with BoS.
We have seen some points that could or have been traps for many SMC traders that you can see marked in purple.
the blue zone is where i would be most interested in trading, however i would like to see how price action develops in its approach to this area and how it behaves once its mitigated.
Be patient.
EURUSDPrevious day high/asian range high broken currently retracing FVG. there is a chance the market may come down to take the liquidity below before going up as the asian range high was taken before taking the asian range low.
For bullish setup wait for the candle to give proper confirmation of rejection on the FVG and only enter if the candle closes above the FVG.
for bearish setup wait for the FVG to be broken take the swing low.
GLGT
Dxy divergence with EurUsdBe wary at this moment when trying to trade EurUsd. Dxy seems bullish but EU is very choppy and price action is undecisive. Smt divergence is evindent right now. Below chart is EurUsd. Liquidity is trapped on both sides so trading the range is the ideal thing right now. August is choppy too.
Happy trading
GBPUSD LONGDOA
-Killzone Time: 11:00PM CST
-Session: Asian (Pre-London)
-Time of Execution: 2:15AM
-Date: 6/16/2022
-Day of Week: Thursday
Entry
-POI: 5MIN OB (No FVG Available)
-Risk to Reward: 1:7.3
-Position: Buy by Market
-SL: 20.3
-TP: 148.1
Moral
-Change of Character on 2HR Chart
-Bullish OB
-Mitigated Daily FVG
-Buyside Liquidity Equal Highs on H1
-Bullish Doji on Daily
Results
-Target Reached
-Took Profits at 89pips (+4.1%)
-GBP Bank Rate News released at 6AM
-Price spiked down below entry then proceeded to take out Buyside Liquidity (EQHs)
Lesson
-You SEE what YOU SEE
-You KNOW what YOU KNOW
-Take the trade and don't look back
-Don't seek confirmation from others
-CHECK NEWS DAILY
-HOLD YOUR TRADES DUDE!!!!!!!
-Trust yourself..
Bearish Sentiment on the Dollar IndexMONTHLY
We are currently trading in a bearish orderblock on the monthly and we may see a retracement into that 96.000 area
WEEKLY
Nothing much to say here, there's a bearish orderblock within the monthly orderblock that I thin we may see price trade deeper before falling
DAILY
We can see price reacting to the HTF orderblocks. If we're going to come down now I want to see a sweep below 96.520 price level
4H AND LOWER
There's nothing much to talk about on these timeframes for intermediate term trades to me so I'm going to leave that.
Please Like and Follow if you'd want to see more of this and on other pairs!
feel free to check out my analysis on BTCUSD below. Thank You.
XAUUSD Daily ChartHello, Traders as you can see price respected the orderblock at 1850 and rallied down to 1800. I was expecting fomc to be more volatile and for gold to rally up from 1820. However, that wasn't the case. As gold is entering a discount market Im waiting for gold to drop down into the Bullish orderblock and ideally be buying at 1880 which is a algorithmic level. We know the algorithm seeks the 20-50-80-00 numbers. I wish you good luck and good trading.