Stop Hunt signal December 30, 2017December 30 a typical stop hunt similar to earlier documented events is detected. Again at the end of the week and just before a drop is expected. The start of this event was easy to recognise because of the change of price action acceleration, speed and momentum.
View the highlighted time range with 1 minute precision to best see the embedded whipsaw patterns that are meant to let the trader believe a drop is coming and start submitting orders. At the moment is writing a finish of the pattern was not yet confirmed. The next move could be a continuation of the pattern or a drop to next support at 112.
The number of signals that identify this area as a stop hunt is complete enough to be confirmed;
> Multiple whipsaw patterns
> Starts just above support at 112.5
> Climbs 20 pips
> Very slow price action
> Harmonic price action before the start
> Long wait at end of pattern before the trend continues
Stophunt
Possible USDJPY stophunt coming upEarlier I posted my report on what looks like as stophunt exercise.
At Dec 21, 8am UTC I noticed the first serious drop of USDJPY starting from 113.6, what could be a similar drop signal as we signalled on Nov 30 and Dec 8 UTC. And because the timing and expectation of traders is about the same I am a bit weary that this might be another stophunt exercise. So be aware and be ready for a 24 hour stop loss hunt.
Silver - Itching to Break Out from the Downtrend ChannelSilver had a stop hunt run right at the head of the inv H&S , this usually means that the market makers needs fuel to move the market, coupled with 11 days of accumulation above the pivot level, I think its time to pay attention.
If you decide to take this trade please wait for the daily candle to close above trendline or for retest of Trend Line / Pivot point
Trying to predict the smart money's next move UP - EURGBPWe can already see that the pair has already completed 2 distribution phases and we are now anticipating the 3rd and final phase. After a strong move up we can expect some consolidation where bulls will be seeking to lock in some profits driving the price somewhat lower (RSI oversold on 4H + 1H + 15M) during the Asian session. We can then expect smart money's techniques to come into play as always where they will attempt to stop out any sellers selling at a potential break downwards of the previous broken structure, before buying back up and reach a potential 100-115 pip target.
My 20 cents, I'm not a prophet just trying to look beyond just technical analysis. After all it's the smart money, the big institutions, that move and manipulate the markets in whichever way they want.
GBPCHF Short OpportunityBearish Flag to retest support turned resistance levels.
Notice that volume is decreasing as price rallies higher.
Also, you can see that there was a stop hunt as indicated by the yellow oval to shake out retail traders.
1 to 1 target sits nicely within our 4H chart profit taking levels.
See my 4H chart analysis to see where we are on a bigger picture.
Stop Loss hunting and the whipsaw effect explained Regularly we see price break out after a consolidation, only to suddenly reverse and break out to the other side. Then, we continue swiftly in the direction of the initial breakout creating a "whipsaw" effect. Why is that ?
In simple words, it is the smart money that attracts retail traders by pushing in one direction (mainly breakout traders) and put their stop in the obvious location. Once there is enough volume, they will push the price to where they want to make their move.
I'm giving here an example on the chart with explanation of the actions, I hope it helps you understand these sudden moves. I'm not saying that GBPUSD will move this way, it is not a trade prediction, rather giving you an insight of how stop loss hunting usually takes place.
If you'd have any questions, let me know. If you like this explanation, give it a thumbs up !
Thanks and trade safe !
SHORT USDCADFundamentally OIL inventories had a big drop and Trump didnt drop the Nafta trade agreements with Canada. Both bullish fundamentals. Technically there has been a stoprun/liquidity run and I am looking to short on the 30min at the 50% retrace. Big untested order block on the 4H at the 78fib which will create a perfect bullish cypher
EURUSD is Still in a Huge Sell ProgrammDuring the long term consolidation phase I was wondering what the market will do next. It was clear and simple that it will target the 1.6000 level. And then? Maybe a retracement?
My idea is shown on the daily chart so everything should be clear in front of your eyes:
1. In the orange shadowed box there where the buy stop orders.
2. The gap confirmed the running for these buy stops. It had to be a fast upmove and suprised most traders reaching the level of 1.0900 so quickly.
3. The grey box shows the consolidation phase which took 5 days in a very small range of about 50-70 pips. Only for accumulating orders from willing buyers to slaughter them.
Also you can see that the last bearish candles have a big range. And this confirms that the market is running southwards. Faster then Usain Bolt!
My guess is that the 2. Take Profit Area should be reached in the end of June.
I hope that I have explained my idea in a manner so everybody can understand it.
If you have any questions please feel free to ask.
Any comments or likes are very welcome.
Good luck to you and I wish you a lot of pips!
USDJPY - Profit taking not reveral?HI guys,
A few days ago I posted an XABCD which, once we took out the stops, rocketed yesterday.
Looking at this chart, I see current profit taking hence that's why we've stalled.
Overall I see 118.000 as the big target with maybe a 3 drives to get us up there.
I'll closely be watching price action and the over-so important Daily Candle closes throughout the trade.
If anyone would like to see my analysis on their chosen pair, please just comment below and I'll break the chart down for you.
Inverse H&S FORMED ON FTSE - POSSIBLE STOP HUNT IN PLAYAn inverse head-and-shoulders pattern has formed on the FTSE, with a projection of around 200 points, which would pull it towards the 6900 handle. This leads me to believe that market makers are looking to clear out the stops that will be resting above the 'double top' before any further move down in the index.
6921 is the 70.5 OTE fib retracement from the 10th April high to the low that just formed in early July, and comes in at the low of the 4H bearish order block. Respect of this block would also give optimal entry for a possible correction in the market over the coming weeks.
Stophunters at the ready.. Will the bat take off?The markets appears to be trending within an 3 drive uptrend channel. However, when drawing some fibs from March 2013, I saw the 0.236 retracement level has not been touched yet.
So this got me thinking.. If i was a BIG investor/trader with lots of money, at which levels should I be looking at?
Well, drawing in some more fibs from 2014-09, 2014-11, 2015-01 i came up with a nice cluster of fib retracements around that same 0.236 retracement level:
a 0.236 retracement at 1.8694 (2013-03)
a 0.5 retracement at 1.8618 (2014-09)
a 0.618 retracement at 1.8685 (2014-11)
a 0.786 retracement at 1.8700 (2015-01)
a 0.886 retracement at 1.8532 (competion bull bat)
This gives me a zone of roughly 168 pips.
Also, if you look left, you can also see that this zone is lined up with previous structure zones.
So is it possible that this channel can be broken to the downside only to hit that zone, complete a bat and immediately reverse back north? Could it be that stophunters think this way? Can they push the market lower to that zone?
So if I was to go long now, I know i would definitely place my stops below that zone. From a risk:reward perspective I would wait for the bat to complete to go long.