Structureanalysis
BITCOIN FRENZY: BEWAREThis is not a prediction. The daily chart of BTC is actually showing no surprises. But if you read lamestream media you will see how people are scratching their heads about a recent pump north on BTC.
There are two important structure areas. The recent pump came off one of them - because 'everybody' was thinking the same thing.
The next structure area is in sight around 50,000. I don't know - nor can I predict that price will bounce south off 50,000-ish. What I can imagine of human nature is that 'everybody' might get the same idea to dump around that price point.
ATR switches on the daily time frame have about a 55% reliability (from my own experience) - which is better than rolling dice. I don't know if price will get into the higher troubled zone. It could collapse now. I just don't know.
Nothing in this post is to be relied upon, because am not a fortune teller. See the fat disclaimer below and on the chart.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
GBPUSD , you seek to know the next move ?from the look we have clearly had a down trend , from the analysis above . what we will do is wait for the market to either give us a break through both from the trend resistance line and the resistance structure , retest , later then we can seek an entry in the intraday time frames to long it to the next structure point .
for shorting opportunity , we will be seeking for it to break the support line retest , a clear retest and we will be looking for an entry to short the market , probably to for a double bottom .
NZDJPY waiting for a shorting opportunitywe are currently on a descending channel , in the higher time frame . we see the price has given us a reversal pattern . here is what we are anticipating , that the price will give us a chance on the resistance . there fore we can find an entry to short in the direction of the trend , or also have a break through through the resistance line retest to approach the resisting trend line
CADJPY case study 7/21 In this video we dive deeper into how to train your eyes to be patient and look for key signals of where price will go. The market always leaves clues and it's up to you to determine how to piece the puzzle. The goal is to have an idea of where price may go and to also work on your strike rate
-I also covered different trade options you could have gotten into as well as what to do when you're stopped out...don't just give up on the trade..go back and try again IF IT MAKES SENSE..remember there's no room to revenge trade in this market..only trade smart
GBPAUD SHORT SETUPGBPAUD BEARISH REVERSAL
- GBPAUD is on a strong Resistance (MPL)
- Price has violated multiple previous structure
- Structure predilection is pushing down
- Market has developed some potential harmonic structures
- Confluence of MPL /res/ and Fibs 61.8
- Sentiment - still neutral
- Plan is to go Short on GBPAUD
- Take the trade when your rules are fulfilled
A BEARISH MOVE is probable in this market.
COT and price action supported bull move for next 6-12 monthLast year we witnessed an attack on a low made in 2008 and it was successful, but price was not willing to go lower. Instead it turned around and started to brake structure bullishly.
Are we in a buy programme now?
By comparing chart data with COT data we see that long book is growing exponentially starting from end of june this year.
All this and weakness in Dollar index is making a nice stage for other currencies to rally!
AUDUSD: Trade Breakdown!This one is a teaser for that one! Has a technical glitch.
Below is the actual video! Click on it to play!
In this video, I break down the AUDUSD short I mentioned in my Forex Weekly Forecast video posted Sunday on my Channel.
Price found our POI and is now in proft. Did you get in this trade? Is there still a chance to find a valid entry? How do you set your SL and TP? I attempt to answer these questions and more.
Check it out.
Hit the "Find Me" button below to go to my Channel and learn more.
Thank you!
XAUUSD (Gold) Trade BreakdownIn this video, I walk you through this Gold trade, the setup of which I put out in my Forex Weekly Forecast for this week.
I want to share with you the power of trading order blocks and structure breaks.
If you are pickin' up what I'm puttin' down, drop me a message/leave a comment.
Upcoming FOREX Weekly Forecast: What pairs do you want analyzed?I want to interact more with my subscribers! Tell me which pair or instrument you want analyzed for the week ahead, and I will
include it in my Forecast video!
I'll be looking to cover all the majors and cross pairs, along with Gold , indices, and US Oil .
I analyze AUDJPY in this video, as an example.
Guys, I'm leveling up, and I want you to level up with me! Let's build a community of consistently profitable trader together!
Leave me a comment with your request, and I'll be all over it in the next video!.
FOREX Weekly Forecast: What pairs do you want analyzed?I want to interact more with my subscribers! Tell me which pair or instrument you want analyzed for the week ahead, and I will
include it in my Forecast video!
I'll be looking to cover all the majors and cross pairs, along with Gold, indices, and US Oil.
I analyze AUDJPY in this video, as an example.
Guys, I'm leveling up, and I want you to level up with me! Let's build a community of consistently profitable trader together!
Leave me a comment with your request, and I'll be all over it in the next video!.
GBPCAD Ready to go LongGBPCAD BUY SETUP
- GBPCAD is on a 4H OB
- Price is retesting structure support
- As long as this area holds there is a good buying opportunity here
- Structure predilection is pushing down
- Sentiment - Neutral
- Candlestick (Gaining Momentum)
- Plan is to go Long on GBPCAD
- Take the trade when your rules are fulfilled
A BULLISH MOVE is probable in this market.
USDSGD selling opportunity USDSGD SELL SETUP
- USDSGD breached below a bullish counter-trendline
- Structure is pushing down
- We have a break in market structure
- Price is approaching Low of the day (we can expect a pullback to our area of interest marked in as rectangle on the chart)
- Trend predilection is (BEARISH)
- Momentum (Bearish)
- Environment (Bearish)
- Plan is to wait for a Short opportunity on USDSGD
- Take the trade when your rules are fulfilled
A BEARISH MOVE is probable in this market.
What we can expect from GC as we begin a new weekAs the chart clearly states, we see that that the market has been making upwards movements since about the middle of July. The trend structure I drew is a fall ng wedge and as we know falling wedges most often than not eventually break out to continue the original trend of the market(in this case its bullish).
Lastly I drew out a structure which the market has been respecting and we can see that it has just been retested. So with all of this confluences we can expect buys from the GBPCAD from hereon.
Short for this weekWe have seen a nice shift in daily structure and now price is returning to retest it.
As confirmation of further move down 1 hour structure is broken bearish as well.
So I believe that this is initial move up at the beginning of weekly range and rest of week I do expect some down movement.
Is this is a ridiculous idea?
GBPJPY > Simple Buy Setup Might Come After Nfp!!Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated
Follow up on #GBPJPY
Another setup that might come today ahead of NFP news is this possible bat which will be ready to trade when it completes
Check today analysis below⠀
>>“The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless."
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
DXY BEARISH CONTINUATIONDXY Analysis
Currently in a bullish countertrend in lower timeframe. Taking advantage of DXY correlation with the Major pairs.
Mitigated off 1 Hour inst. move to keep going lower. Expecting a retracement around the 78.6% - 88.6% fib area, liquidity area, imbalance in the market highlighted purple and following bearish countertrend structure. Taking it low to fill imbalance in the 4H highlighted zone.
Will be taking Short opportunities until we get a Break of Structure within the 30m minimum or 1H timeframe.