BTC Outlook, holding support, Elliott wave analysisOutlook:
Bitcoin holding support at previous resistance
Currently looking for a wave b.b in the upward direction
Potential trades:
LONG: ~$25,800 to ~$28,400
SHORT~$28,400 to ~$20,500
Supplyanddemmand
EURGBP a tight fight! Based on our observations buyers and sellers are holding almost the same amount of positions in the market.
but there are slightly more buyers joining the market
Buy trade on EURUSDThe market is currently in a weekly demand zone. This trade idea is to catch the weekly first reaction from weekly demand zone. If the zone gets to break 15 minutes/ 4 hour structure.
USDCAD on a flip zone for longUSDCAD broke 1.33862 structure and extend to the upside given a valid demand zone (DZ) mixed with 4H Bullish engulfed pattern(BEP), reacting on the demand zone(DZ) which indicates a possible bullish move to the upside and also considering 1.33862 as a flip zone.
expecting a reach at 1.35028 and 1.35550 target
Gold Med-Long term Outlook with SnD Here is my current outlook on the potential Supply and Demand aftermath of today's grab of 1925 Institutional Orders on news release.
It does seem to me buyers are still heavily in control and are looking to fill out more bids higher up from 1925.
This would mean looking to target BEYOND 1987's now filled and confirmed weak supply ...
GBPUSD Sell Trade Aug 2 2023 wyckoff distribution at HTF
waiting for london open and manipulations.
after that---> entry at 15min IC with validity of structure.
(detailed text in the chart)
RR: 1:5 ( intra day entry)
GBPUSD LONG SETUPPossible areas to look for longs on GBPUSD ... Both are good probability but the extreme level is always the best . Comment below and tell me what you think
GBPUSD SHORT H1#1 The supply zone high that led to the BOS.
#2 Possible area for a liquidity sweep.
#3 We are now in the premium of the range.
#4 Targeting 5:1
My previous trade on the M15 did not playout you can see why here -
If we break this strong swing high then my bearish stance will shift.
It won't shift if I only see a liquidity grab on the break of the supply.
GBPUSD SHORT M15#1 This is the zone that caused the M15-BOS
#2 Possible are for a liquidity sweep.
#3 H1 supply just above the M15-Strong high - if the M15 strong high gets broken then the H1-supply becomes a better POI.
If the M15 Supply zone breaks I also have a limit short ready at the H1 supply zone above.
GBPUSD SHORT M15 (Added another position)Ok, so I'm squeezing every last drop out of this move. As you can see I'm still in my previous trade you can see it here.
With this current M15 Short:
1. Break and close below M15-BOS
2. Limit short at M15-SZ that caused the BOS.
This is beautiful PA by the way. When you're not fighting the market it's pretty simple stuff.
Even if this flips before H2-DZ below that's fine. Its been a productive and insightful week.
GBPUSD: M15 SHORT POTENTIALThe current trend on the M15 is bearish internally.
So I'm looking for a quick 6:1 trade.
The internal trend might flip and take me out as the PA has been pretty complex this morning.
It will be interesting to see what happens here.
You can see I'm still in a positive M15 trade which got triggered on Friday 14th it's not ideal to still be in a day trade for this long....obviously.
I'm more of a swing trader learning to day trade....hehehe
Anyway lets see how this plays out
GBPUSD: Short still in play at extremesAfter getting taken our of my previous trade by a hair. Im back in again after short structural breaks.
I also have the H2 on my side as it's in the 1st phase of signifying the start of the swing pullback.
So let's try again.
What could go wrong?
1. Another LQS...boring...hehehe
2. Another extended move to the upside
3. This is very complex PA I could have missed something, but I've navigated this as best I can with my current understanding of this new structural method I'm testing.
Let's see how it plays out
USDJPY Trade SETUP H4The USDJPY closed at 143.70. Speaking of its resistance, the area around 144.06 will act as a resistance area. If a candle rejects from this level, you can open a sell position with a stop loss of 40 pips and target the support level at 142.20. I hope we can make a good profit from this trade.
Disclaimer: The information provided is for educational and informational purposes only and should not be considered financial advice. Always consult with a professional before making any financial decisions.
JUNE 6 SELL TRADE -USD CADSell trade in my account (MT5)
Valid DROP base Drop scenario ---> wyckoff distribution
I wait for valid BOS in lower and higher TF then entry at mitigation of 15 min IC in the structure.
RR: 1:9
take home 1:7 only because of my set TP in mobile.
Note:
for study purposes , please check my charts published.
AUDUSD 1st Week of May AnalysisI expect price will go to the DBD zone that I mark up. Based on current price action, price make a pullback now to the upside. So we can take advantage from this price action for counter trend trade buy to the DBD zone.
NZDCHF Analysis and Trade IdeaWaiting for the market to meet my price for a sell.
There's an opportunity to take a buy-to-sell here for daytraders, but I'm looking for the higher probability sell setup, personally.
Leave a like and a comment, if you would. And thank you for watching.
Possible Long Positions hereSet two middle risk limited long positions with the targets showed on the chart.
Don't forget to Do risk free and then trailing stop.
Good Luck!
EURUSD: BULLISH BREAKOUT ON THE WAY?As our previous EURUSD idea played out perfectly, we're now looking to break our previous target which currently holds up as a resistance zone. The initial attempt to breakthrough was rejected; however, as the wedge keeps on getting tighter and tighter it is clear that the breakout is inevitable. Buying off the trendline might be a move for some traders; however, we prefer to play it safe, so we will be looking for a nice retest first. The breakout should bring a directionality of a few hundred pips, so the good R:R is ensured! We'll mostly keep an eye on this pair for the next week.
USDJPY short term bearish.USDJPY just tapped into the 15m supply zone / orderblock filling the huge imbalance, could see the price goes down to the demand zone.
USD/CAD Potential Forecast | Wednesday 19 April 2023Hi everyone!
Price will potential bounce from 4 h POI because of structure but this does not mean that the price cannot go through our poi. ( keep that in mind) That is why we use confirmations on lower TF's
Weekly FOREX Forecast: April 24 - 28th (Part 2)Welcome to another Forex Daily Forecast!
We will be preparing for the trading week ahead:
- Analysis of the individual currency Futures, to identify the strong and the weak
- Analysis of the FX pairs (EURCAD, EURAUD, EURNZD, GBPUSD, GBPAUD, NZDCHF, NZDUSD, AUDCHF, GBPCAD, CADCHF,...)
- Analysis of Gold, Silver, and OIl too!
- Plot and plan for the best setups.
I'm taking my time with this analysis with the viewer in mind. I want you to see the markets through my eyes, so the analysis is fresh, done live, for you to learn how to do this yourself. I want to raise independent traders, capable of reading the markets and planning their own trades. I'm hoping we can end up raising each other's level, in an "iron sharpens iron" kind of way, coming together and sharing trade ideas in our community of traders.
Always remember, just because they aren't setting up now, doesn't mean it won't set up later! So stay tuned for updates!
We are going to look in depth at the forex market, using top down analysis. If you have a question on any of the content, please leave a message in the comments section. For beginners, this is how you analyze forex markets, identify supply and demand zones, key levels of support and resistance, and look for swing trade setups.
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GBPNZD I STRONG set up coming this week! Here's How to trade it.Welcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
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