Weekly low has been taken, now we are seeing a mild correction, but can this be sustained? If we're to see more of a bullish push, there could be an opportunity to look for long positions and target the imbalance left behind from CPI. Failing this, if price continues to push lower, then the weekly could end up being completely violated, and as it stands, this...
We're approaching a weekly low and this is a key area I am very interested in. In the coming days, I will be waiting to see how PA reacts to this low. if we see a nice reaction after taking this, low i will likely look for a long position and aim for a correction
The idea behind this potential setup is with the recent bearish momentum, we've continued to break lows and then break the significant low that i have market with BoS. We have seen some points that could or have been traps for many SMC traders that you can see marked in purple. the blue zone is where i would be most interested in trading, however i would like to...
Its been a moment since I posted here, so lets look at EURUSD. Since EU broke past the 1$ level, we have seen a subtle correction in price, and have been moving sideways ever since. We currently have some imbalance above our range and a POI above that. Also the 1$ level itself, is quite a large liquidity pool, and my reason for saying this is as follows: Below the...
I feel this chart may speak for itself to an extent. Now we have prices below the 2017 lows, we don't have much right now to stop EURUSD from dropping further until we look at price from around the beginning and end of 2002. Trade safely. let me know what you think EURUSD will do.
On the 4h timeframe and higher, we can see that we have created a Demand zone, however the break of structure isn't clear on the 4h. On the 2h however, the break of structure is clearer. So what I shall be looking for from here is, I will need to see a mitigation of the 2h demand, and then some commitment on the LTF such as 1-5m that we're going to turn bullish...
EURUSD seems to be sat between 2x POIs on the 4h. I have no issue scalping between these zone, however the higher probability trades will be more likely in or around the 4h zones. Usual story, once we see a mitigation of either of these zone, we'll wait to see if there's a lower time frame entry that meets our rules.
AUDUSD has currently respected a Daily Demand zone. By doing so, it has shown signs of bullish orderflow on the 1h timeframe. Providing we get a pullback to this zone, and confirmation on the lower timeframes supporting our views, then we'll be looking to go long. If the 1h demand gets invalidated, then we'll see if the Daily can hold, if not, then there could be...
After a speedy recovery from the Lows of the Pandemic, it appears we had built up liquidity during that bullish push. As we can see price has be correcting and creating new lows. The grey box at the extreme low is our demand zone, and I personally feel like we could continue to see a push down towards this level. Would love to hear your thoughts, let us know...