CHoCH - Orderblock EntryAUDCAD after breaking quite strong resistance in a contraction phase seem to form reasonable CHoCH, which then has also formed a rejected orderblock demand zone. Now we have to see supporting the bullish orderflow will it take on to the mitigation and will buyers fill enough to push the price.
Price could also give a SNR scenario if price keeps onto the first orderblock
SNR
SNR (minor Orderblock) - EntryAUDCHF is showing an interesting point where price has broke structure as support and price reached as pull back to retest zone. Reason on why i think it will become a resistence zone
It has shown minor rejections on the small TF
Divergence trend had begun on the BOS. Now i think it will continue (After the pull back)
Reasons why I doubt it it's because it has a stronger move on higher TF
and price seem to hold the top of the zone (Orderblock)
SNR - EntryEURUSD has now entered support zone after mitigating resistance for the 3rd time. I took a buy because Orderflow is bullish and price is showing to keep HH. Entering with the trend is one of the safest approaches, which I call SNR entry.
Reason on why the trade has less potentials on rising again is:
The no pullbacks after mitigating the last resistance zone, it showing a rage move to the downside after hitting res.
4H candles have only bear candles; there are no sign of bull pull backs.
USDCAD Short - RallyPrice has broken major support off resistence and as SNR structure is formed. A deep retracemts Fibo and SNR level will oppose price further down as expected.
On other side of fundamental speaking, price has made quite impressive move to the upside as Eur weakens over Oil supply chain issure over the months.
US 100 LONG TRADE hello traders
There is a bullish impulse wave and there is a correction pattern if we get a reversal signal that starts with another bullish wave.
Possible Downside to Bitcoinhello traders
There is a bearish impulse wave and we have a correction in the form of running flat. It is possible that we will get another bearish impulse wave, but the sellers must break the last wall of the buyers and the buyers' reaction be corrective after break and the sellers overcome it as well
If these conditions are met, a sell trade will be executed to target the level of 18870
GBPUSD JOURNAL FIRST WEEK OF OCTOBERHi pips hunter, i'm glad you all made a profitable setup last week.
I'm using fibo line to get price pattern range area (reversal / continuous), I find out that the price is on reversal range. H1 shows there's a reversal pattern ( QM ) at SNR. The price haven't break the resistant line (QM head) yet.
If the price react with the parallel channel , price may change to flag pattern as the price will continue upward. Also, if the price break the resistant which held QM pattern, this setup may fail.
Current market trend is downtrend.
GBPUSD furute depended on so many antithetecal factors! Pound-sterling is struggling to break it's MA100! If it does so, there MA25 might be a perfect dynamic level for responds of the pair.
MA25 might be a good dynamic level for short trades too! So I'll just take this pair under observations and I will not trader until the yellow box is broken.
Both green and red levels are strong.
The red line is aggregation of supply zone and VP of the resistance and may coincidence with MA200.
The green line is also strong support level.
wining of bulls is much more probable due to fake break out of 7th of September.
A correction or a reversal, that is the question. A correction or a reversal?
Actually, I don't care! Only thing which matter is the fact that it's a chance to trade!
There might be more continuation in HTF or there might a total reversal but I see high probabilities that this Support level work here.
TP1 is dynamic levels ( MA100 or MA25) and the TP2 is the bearish OB.