Here are possible BTC trades which could be taken. At the extreme point we have an supply area which has been tested once and strong rejection is an indication of major sellers there. next time the price gets there we could take a short for the second run. Below the current market price we have multiple demand levels which could be potential places to go long....
A demand area was formed prior to breaking the last supply area. I've selected the base candle right on the lower edge of demand zone as an area to buy. * But bear in mind later today we have highly important news hitting dollar market which makes our analysis subject to the news *
Just above our Resistance level which has been tested multiple times already there you can see a supply area untested. we could wait for the price to get there and act in the following ways: 1. aggressively take a short trade upon price reaching our level 2. cautiously wait for reversal signal maybe a change of character in lower time frame upon reaching our entry
Will EURCHF react to the supply area??? Price broke the last hl prior to the huge sell off , which upon breaking created fresh supply area that might act as a selling point. How to enter ??? Risky entry : take the trade as soon as price hits your level. Safe entry : upon reaching your territory check lower time frame for any sort of reversal confirmation then...
Another example of QM setup has formed on 30 min timeframe. As always we could go two way about this trade, risky which means entering as soon as price hits our entry or confirmed which means looking deep into lower timeframe for reversal as soon as we price reaches our entry. ** Remember this is the second time price visiting our QM level so it involves some...
You've all noticed that I use RTM patterns extensively in my daily trades. Here is another example of QM. As always we have a perfect setup which was confirmed by breaking the last high with a good momentum candle. Upon retracing back to the QML, market bounces off and goes all the way back to hidden FTR. Should there be enough buyers price could continue...
As it's shown we have a possible QM setup at the lower extreme point. As always two types of entry could be taken into consideration. Risky Trade : Enter upon, price reaching the entry level and set the SL and TP accordingly. This method is riskier because it might ignore the level and hit the SL. Confirmed Trade: Upon reaching the entry level, Check the lower...
After making a new low , retraced back to the supply area which initially led to a sell off, So First time back to the level there is a possible case for a short down to the demand level. Make Sure To check the NEWS for AUD because of positive correlation.
As is shown on the chart we have a QM setup right at the bottom extreme point. Two types of entry could be taken into consideration: First one is a risky entry once price reaches our entry, we enter a long trade with no hesitation whatsoever. Second one is a confirmation entry trade which means in lower time frame like 5 or 1 min we spot a reversal and...
As you can see we have a QM pattern right at the lowest extreme point. we know that there will be reaction there once the price gets there. But the problem is we've already had a one time test of the QM. Trading it for second time could be risky. how to trade it ?? We can wait for the price to get there and in lower time frame spot reversal then enter long trade.
In RTM style, One of the power patterns is QM. This pattern is of reversal type and spotting correctly insures highly profitable trades taking place. How to Spot the pattern?? Let's say you are in a down trend , following should happen to have a valid setup. 1. Price makes a LL after making L. 2. Price takes out Last H and Creates HH. 3. if it breaks it...
Drawing volume profile on the given trend gives us HVN's to consider as buying zones. our first HVN is marked with blue rectangle in addition to that we can see base candles there." if you are familiar with RTM terminology." So that level could be a valid long zone. Second zone is our POC level which still could be a valid long zone. Be Sure to watch for news...
We start by drawing a volume profile on the bullish trend. It gives us high volume nodes which could potentially act as support levels, should price drop. I take the POC level (red line) with my usual risk percentage(1%), and the first area of support with half of my normal risk provided that factors are in place upon entering the position.
Volume profile is a huge tool at one's arsenal should someone know what to do with it. In this particular example of USDJPY, we can see un uptrend before running into correction. Therefore we draw a volume profile on the given trend to spot where the majority of the volume was traded by market participant. Here is the interesting part, should price drop to our...
Price Action by itself is a penetrating weapon when it comes to trading Successfully. Having it combined with volume profile gives you an extra edge over others. More precise entries plus better Stop Loss Placement. We will begin by identifying the important demand and supply zones using variations of price action patterns and structures. then once those areas...
Huge Resistance at the Current level is impeding further advancement of the price. But Upon the break of the resistance with the confirmation of the Head & Shoulder we could lunch our missile. Make Sure a candle Closes above the current resistance
Around the territory of 1.6719 which is the high of 22th December we could expect a short signal since it lines up with Fib of 1.27 and it's an important resistance
Upon the break of resistance at 0.012-0.013 we could enjoy a nice ride up to 200%. SL: 0.0065