multi stage stophunt. Be careful, don't enter too earlyXRP shakeout/correction
Be careful, don't enter longs too early.
Wait for a better entry, especially if you're trading with leverage.
Stophunt
Quick stop hunt is coming before the DROP.I think that the price will take out al the stops that are above the daily level with a wick and then melt down to the liquidity zone.
Understanding the NFP EU PumpHere are some questions I put out to my community group the other day followed by the answers. The reasoning being the move has been annotated on the chart.
Why did price slowly decline prior to NFP?
- Price had to decline slightly before NFP to mitigate the impulsive move created earlier in the day.
- Price had to stop out break and re-test buyers with a tight stop loss
- Price had to lure sellers into the market before NFP
Why did price reject the exact box marked before skyrocketing?
- Price skyrocketed because it had gathered enough liquidity from stopping out the buyers.
- It utilised the previous order block to skyrocket to take out the impulsive sellers before NFP.
AUDUSD H1AUDUSD H1
Price is near the weekly low of the previous week. on the daily and weekly price failed to make a new high to the up and retraced back. Expecting that price will make head down to grab some liquidity for going up. For now highly likely price will retrace up to fill some liquidity before going down.
WOLFWAVE on daily timeframe on BTCUSD 🚀🚀Found Bullish wolfwave pattern on the daily timeframe which doesn't occur frequently so it can be a very good bullish sign for btc. i can see 70-80k number coming in btc in few weeks. the target is the trendline touch btw the 1-4 wave.
please do let me know your views on my analysis.
AUDCAD: short for ~100 pipsFresh supply zone + edge of bank levels zone + stop hunt above pivot point = short opportunity
GBPJPY H1 As u can see, the price was consolidating for a long period of time more than 150 hours...
As u can see on the bottom price gained some liquidity below and all the stops were hunted.
Next we can wait for build up at the top near the resistance and enter on the breakout.
Remember, Patience is a key, u need only 1 - 2 trades a week having a good R:R to make it good on the long run.
Stay tuned, we will update u soon providing a valid setup for trading.
Eurgbp forecast high time frameas we see in the chart eurgbp gives us a high probability setup for a long position into the market ;)
USDCAD Long - Price in consolidation zone, currently approaching clear support level
- Anticipating a stop hunt institutional move, fake to downside to take out retail buyers
- Then pierce back into support level and retest before measured push towards supply zone
XAUUSD TRADE IDEAPrice creates liquidity from clearing equal highs at around $1750, following the double bottom formation formed at $1680, which created liquidity from a 450 pip stop run after clearing equal lows from 8th March. Price balanced out the previous imbalanced bearish move to $1680, and a bullish move to the liquidity sitting at around $1750 followed shortly after, as expected. Now I expect the price to retrace back to around $1700 to clear the imbalance created by the last bullish move.
This anticipated direction also supports my bullish bias for DXY, which I expect to retest near the 92.900 level.
TRAP FOR POOR RETAIL TRADERS on AUDNZDPrice has approached the top of a very visible parallel channel as well as a resistance area.
It's dangerous to trade short as big banks, hedge fund, institutions will have the opportunity of a big amount of liquidity that they will use to fill their orders. Basically they might drive the price higher with big capitals, and hit all retail trader's stops.
Be carefull.
CHFJPYPrice is currently in the process of continuing its bullish run, an upside break out could send price to new mid-term highs.
- if buy-support low/channel breaks, it will confirm a change of direction.
we are still bullish on this pair in intra-day aspect.
GOLD Stop Hunt. 1 stone kills 2 birds. Updated 8 April 2021Wave (4) (Cyan colour) possible flat pattern instead of triangle 1 stone kill 2 birds. 1) Those sold will hit Sl @ last swing around 1756, Those Trade Breakout Buying @ 1756 will have Bull Trap..
GBPJPYFollowing the sell-off the happened yesterday, a possible reverse trend opportunity has presented itself.
This pair is currently in its pull back after a big drop phase, a possible sell entry at tomorrows top side to continue the sell run or if the channel does not hold, we can see him turning the trend around into buyers territory.
GoldBull Update
Based on my 1h analysis I initially posted before this,
- Gold with a beautiful bullish engulfing at the second shoulder.
- move can proved incorrect if shoulder does not hold.
- v2 area
AUDUSDFollowing the break of the inverse head and shoulder neckline which confirmed our bullish continuation run, retail breakout traders came in full force only for the forces that be to clean the table with a strong attack to the stops.
Todays low has been set and it confirms buy support from yesterdays low.
I am expecting more bullish run to the up-side with plenty of entry opportunities to come.
How To Avoid The Market Makers Stop Hunt Movement As part of the daily movement in the forex market is the stop hunting done by the market makers. They don't mean to hunt the normal and small trader at all, they are targeting the big investors and hedge funds you just happen to be in the wrong place at the wrong time.
As shown in No.1 this huge wick is an obvious stop hunt movement in this case the market makers are hunting the ones entered in the middle or at the end of the uptrend. Lesson learned here
"NEVER ENTER A TRADE IN THE MIDDLE OF A TREND ALWAYS WAIT FOR A RE-TRACEMENT"
In NO.2 after the price gave a good bearish signal ( hanging man candlestick ) it made a a shooting star candle with huge wick to hunt the stop losses. in this case lesson learned here
" WHEN YOU ENTER A TRADE WITH PRICE ACTION MAKE SURE TO PUT YOUR STOP LOSS ABOVE/BELOW IT WITH AT LEAST 20 - 30 PIPS"
In NO.3 when you trade you will see this low (blue line) broken so you would assume that it will continue to the downside and after you enter a sell trade NO.3 will occur. Lesson learned here is "DON'T ENTER AT THE END OF A SMALL TREND AND USE A GOOD BREAK SIGNAL"
And a last tip " TRY TO THINK AS A MARKET MAKER AND ANTICIPATE THE AREAS THEY WOULD HIT AND PUT YOUR STOP LOSS ABOVE/BELOW IT BY 20-30 PIP"
Bulls loaded, Weakhands out & long trades filled!After a couple day's, my long orders are finally filled!
We saw the pullback as expected towards the placed orders!
This could be a higher low followed by a higher high.
Price hunted some low's and landed (so far) in our entry zone.
For now, sit back, relax & let the market do it's thing.
Side note:
I placed extra take profit for this trade around ~$82.000.
Thank you for checking in!
Do you have tips or other comments? Tell me please! I'm open for feedback!
USDCAD, Short, 1:6 + available.Good morning ladies & gents,
I'm looking to short USDCAD today.
After price traded up to a D1 Bearish Orderblock, we saw a rejection and a market structure breakdown.
Today price has come back to retest the H1 Bearish Orderblock after that big drop yesterday to induce sell stops, price has come up to raid the stop losses of any retail sellers.
Looking for a continuation short from this point
Initial target is seen below for a RR of 1:6.
Good luck
- AmplaFX
USDCHF, ShortGood morning ladies & gents,
This is a re-entry of the previous trade idea that was outlined yesterday. Let's see if it's ready to move down today. Looking for an entry on the retest of the M15 Breaker Orderblock.
DAX 14775.52 + 1.23% SHORT IDEA * PRICE ACTION & STRUCTURE BASEDHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DAX INDEX.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
some rules on exits & entries hope they help.
1. look at structure be it descending channels, pennants and so forth basically price action whats price doing.
2. If you use indicator determine does it align with your play e.g is it overbought/oversold where there market is it in a pull back to structure or continuing does price alighn with your indicator.
3. entries from 30M , 1H, 2H & 4H time-frames the higher the time-frame the more likely it will end up swing or long term.
4. aggressive trades can be executed on the pull back / or at ranges of structure that's when you are a scalper or your trade are Intra - day based
5. price action must definitely align with the plan.'
6. structure definitely
7. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
That's basically entry & exits plan basic guide lines
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
EURCAD LongGooood afternoon ladies & gents. After stop hunting past the previous D1 lows. Price has presented us with a bullish structure allowing us to take an optimal trade entry where price is currently sat.
Looking to scale out profits at these two key points as well as a few others on the way up.
Very high RR based trade.
STOP HUNT ALERT! Chart Awareness & EURUSD | 1.2020 is a hotspotI said two weeks ago we may get a trap move the first week of March. Keep in mind it is NFP this week as well. 1.2020 has been such an active spot over the last 30-60 days for EURUSD. Check my prior posts.
At the moment I don't have a bias on EURUSD and I will most likely be sitting out today, I want to see more behavior from price. If I had to choose a side I am still bullish until 1.1980 breaks.
I feel like what the market is presenting right now is a great opportunity to practice chart awareness.
You'll see that we had a completed head & shoulders last week, it broke out, and quickly reversed. I think we are going to make a run for these trader's sl's. The pattern was very obvious so many traders were eager to go long.
NOTE: These stop losses would be sell orders, since the breakout traders were long.
If we hit these stop losses by Tuesday we will have a double top pattern forming, this will trigger more traders short...but don't forget NFP is around the corner.
I think this could be a great opportunity for a market maker to buy up orders at a discounted price. The double top trades would also be SELL ORDERS
I don't have enough money to move the market, so just because I think this is a good chance to buy, doesn't mean it is, I need to see the actual market markets get involved, I only attempt to mimic them.
1.1980-1.2020 is a buy zone I'm watching.
IMPORTANT NOTE: February also broke Jan's low but failed to close below it on the monthly.
