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Trade-idea

Strong Bearish MomentumOn the 4-hour chart, we witnessed yesterday how prices retraced Bullish to come into our zone. This saw the 1 hour chart hitting its target price point and proceeding all the way higher to get to our 4 hour Panzy-Pips Block (PB), as marked out on the chart. From this level, and with this look of bearishness, we expect prices to begin to melt and consequently witness a corresponding dip in prices. The market is expected to stay bearish as we target our 4-hour liquidity target at 1.20371. Because it is a 4-hour chart, we would expect a good number of swings in the lower timeframes of 1 hour and below.
Short
by PanzyPips
Global liquidity TRUMPS price actionA week ago I had a little exchange with someone on Reddit who was claiming that Bitcoin would be shooting up. The analysis was purely technical, using pitchforks and trends, and I was surprised by their level of conviction in the prediction. Here's a snippet of my response: I find it interesting when I see trade ideas based on price movement. Market structures can tell you where certain levels are, but it doesn't tell you much about the propensity of a move until it's well underway, no? This is the point I'm repeating to others while I drill it into my own head. In the rock, paper, scissors game of trading, liquidity beats technical analysis. TA can give you the shape of the river, but it does not tell you how much water is flowing through it. Last week, I pointed out that even though we had an overall bullish flow signal, that a the countertrend dip signal should be heeded. Countertrend dips and bounces turn into liquidity trend changes if they persist. When those show up, it's a time to start taking profits. If it is indeed a short-term move, then TA and subsequently Flow will point this out, at which point leaning into the overall trend makes sense. While the last move was waiting for the countertrend dip to play out (or short it down to the seasonal current ), now the trade is waiting to see what is happening with liquidity. A green bounce suggests a run up to $35K, while a red ebb might call for a fall to $22.5K.
BITSTAMP:BTCUSD
by sacredprofit
Gold Setup Idea: Pre New York (Sept 28, 2022)Gold has made new lows at $1614.68 and now violently retraced back into $1631, all while I was asleep :D Now, here is what I see: Price is still HTF bearish and could return bearish in NY to retest the london lows. But, with the strong impulse reaction to the new lows, bears are fighting more bulls, so it could be more of a consolidation or bullish day as well; it really depends on how Pre-NY reacts to this price action, from there I can form more of a long/short bias. Ideally I would like to see LTF resistance form - a bull candle followed by a bear candle - and then the following candle to break the low of the newly formed resistance. No news major news today either. With dollar strength I would love to short Gold back down to $1614 but we will see if the bulls allow for that. What is your bias today?
FX:XAUUSD
by SoManyDistractions
2
Gold Setup Idea: Pre New York (Sept 27, 2022)Here is my analysis based on price action during the Asia session and London session, it appears we are retracing after making new lows. This means we have a temporary relief of HTF bearish influence and can possibly expect to see some bullish price action today; but it is certainly more risky to buy than to sell gold right now given the current macro economic conditions. I am ultimately looking to sell since I believe there is a higher probability of it succeeding, but if price break london high and shows bullish strength in NY open, forming LTF support above $1640, then buys are certainly possible. What do you anticipate price to do in NY open/today?
FX:XAUUSD
by SoManyDistractions