We are at it again!!!!! Here is my mark-up for EURJPY that leads me to believe its big move will be to the downside: -Bearish Overflow -Price @ HTF OB (Day) -Price @ Breaker Block (H4) -Price mitigated large bearish candle (FVG) Potential pips for this chart analysis is around 260 pips for the week. If you find any value in this, please boost and subscribe.
We are at it again!!!!! Here is my mark-up for EURJPY that leads me to believe its big move will be to the downside: -Bearish Overflow -Price @ HTF OB (Day) -Price @ Breaker Block (H4) -Price mitigated large bearish candle (FVG) Potential pips for this chart analysis is around 260 pips for the week. If you find any value in this, please boost and subscribe.
Backtesting done on 8H. I was trying to post video but I cannot upload videos from desktop and the backtesting session was about 1 1/2 long. Backtesting was from March 1st 2022-March 1st 2023 If you want to attempt to replicate results. Lots of room to improve with a trending indicator.
I present the New Event (NE) Candle Strategy. The strategy is simple and effective. It is leveraging the fractal nature of the market and the smart money concept of liquidity grabs. Below are my definitions for both if you are unfamiliar: Fractal market: It's the phenomenon of the market presenting similarly with price movements mirroring those of timeframes...
This is the dictated explanation of the NE Candle Strategy. For a more detailed breakdown, please visit the linked idea below.
Saw this great set up to go long and thought I share it with my fellow traders: -Price is near a Bearish OB and had little to no reaction to it. -Price is making Bullish OBs in an ascending channel -Price appears to be making an ascending triangle within the channel, an indication of buying pressure. Hope you enjoy and find value. Happy trading!
Hey! looking at the this chart and it looks like its primed to go to the downside. Below are my reasons -Overall downtrend even through price breaks -Price is in an ascending channel and failing to break Bearish OB on several occasions -Price is continuing to make lower highs and respecting the last swing low point. Hopefully you find value in this analysis.
Hey! Checked out this chart and found some great TA reasons why this week EU is short: - Its heading into a S/R level with a strong OB -Price is in a ascending flag pattern -Overall volume is to the downside -Price has yet to break any swing low's Hopefully this is helpful to someone out there ;)
Price is finally breaking to the downside. The following targets are anticipated outlined on the chart.
Price looks as if it gearing up for a downside move. -Head and Shoulders Pattern formed to the downside. -Ascending channel (choppy) into Bearish OB's -Equal high (failure to break) leading to a strong low (broke swing structure) - Although internal ChoC was created overall order flow and market structure signal bearish intention.
Price looks like it geared to continue to the upside in the short-term - Price makes an double bottom on 1 HR - Price is in ascending channel to the upside - Market structure is signaling upside (price does break two internal lows but fails to break swing low) - Price is anticipated to pull back to 1 HR OB and continue to upside to 8 HR OB THIS IS SHORT TERM AS...
Price looks like in the short-term its going to continue long. -Price broke the downtrend -Price made a HLow which lead to a ChoC -There is a bullish candle that has not been mitigated yet - No lows have been violated yet.
Well, this trade did not work out the way I thought it would. There were a couple of key things I overlooked while analyzing this chart: The weak highs that failed to on THREE OCCASIONS to break any lows. The successive higher highs on the chart despite being bearish order flow. The compression of price (visualized in an ascending triangle) which tends to mean...
Reasons why I think it will short (Pure TA) -In discount zone -Broke to upside to Strong OB beyond equal highs (Liquidity Grab) -Created a new Strong OB BE and TP's are at impulses which oddly align with Bank Levels I'd definitely WAIT UNTIL NEWS comes out before considering this idea.
Order flow to the downside with BoS to the upside and a ChoC to the downside to whipsaw. Price consolidates around OB as it failed several times to make a new high. Price sitting in an inside candle and looking for a break of it to the downside.
Order flow to the upside with BoS to the upside and a ChoC to the downside to whipsaw. Price returned to a discounted area that aligned with a strong OB thereby signaling a Long trade.
This is a potential downside movement as there is a head and shoulders formed to the downside, but there appears to be a retracement to the upside as a liquidity grab in the short term. As you can see the order flow is built to the upside and the OB's are respected. The last push to the downside failed to break the most recent low so the move long is very likely...
I pull charts and do an analysis on them and breakdown their potential direction for the week (or indirection). This weeks featured charts are NJ, GA and GN.