As I mentioned, Monday will likely remain within consolidation. On the lower time frames, as well as the daily time frame, we can see that the price has been moving without higher highs and lower lows. Today's session is already bullish, but personally, I still don't see confirmation for a buy. What I am waiting for is a break of structure (BOS) on the 4-hour chart.
We can see that the price is in the area of D Low. This week, the price hasn’t made a lower low, which is why I expect the price to enter a bullish momentum. We have a double bottom pattern as well as a Doji candlestick. Monday will be a slow day, so the Doji momentum will likely continue, but starting from Tuesday, I expect the price to rise and move towards the...
The price is in the consolidation box all week, so i didnt trade. Im waiting for the price to show me where it will go
We have been patient enough, and now we can enter a buy position. I have entered within the FVG.
This is how my setup for GBP/USD looks today. We need to be a bit more patient and wait for the price to reach the entry position.
This is the setup I expect today. The London session has opened, but we haven't had a valid LBO, so I will wait for a bullish structure to form before entering a buy position.
The price made a BOS (Break of Structure) as I anticipated, and a potential lower low has been created. Now, it's important to be patient and see what happens within the Institutional Candle (IC) at the previous high. The price is still in a bearish momentum.
This is my trade for today, it is good LBO so i oppened the short position
As you can see, the price is moving as I anticipated, but it's happening very slowly. Yesterday was Monday and the market's opening, and usually, the movement on Monday is slow. Today, we have impactful news for both the EUR and USD, so we'll see what happens by the end of the day. I probably won't trade today, but if an opportunity presents itself, I will take...
On the daily (D) chart, I made a mistake when I marked the P Higher Low and assumed it was a new Low. However, it is not considered a low until the price makes a Higher High (HH) or a Lower Low (LL). THIS IS VERY IMPORTANT TO REMEMBER. The P Higher Low was merely an inner structure liquidity (LQY) created as a trap to lead us to make mistakes and lose part or all...
I will highlight the lines and squares that I corrected in purple, specifically those I did not analyze in the previous analysis for USD/JPY on the weekly (W) chart. 1. I did not analyze where the High/Low is located. 2. I did not notice that a W break of structure occurred. 3. *When we look from the LOW area related to the IC to the next HIGH, the...
Now I will share my analysis where I made mistakes to better understand the essence of the analysis. In this analysis, I prepared my setup for a buy but missed a sell opportunity where I could have captured over 400 pips in one day. Specifically, I was waiting for the price to return within the IC to open a buy position, and this is how it looks. The next...
On the 4-hour (4H) chart, we can see the areas with liquidity (LQY) that the price might potentially sweep. This analysis aligns with the bullish structure on the daily chart, so we need to be patient and observe how the price moves next week. The structure on the 4H chart is bullish, so for now, I am looking for a buy opportunity.
On the daily (D) chart, the price has made a new higher high and is now in a consolidation box. The structure is bullish, and I will wait to see if a pullback occurs before entering a buy position. There is plenty of room for a pullback, which will be seen more clearly on the 4-hour chart.
Here we see how price movement would look on the Weekly chart in the event of a BOS on the 4H chart. We have liquidity (LQY) areas that the price could potentially target. On the Weekly chart, the price is still bullish, but a structural change on the 4H and Daily charts would lead to the price sweeping the marked liquidity below in order to create a higher low...
This is how the Daily chart looks, showing the consolidation box as well as the idea of a potential break of the consolidation box.
What I see is a potential structural change on higher time frames like the Daily (D) and Weekly (W). What I’m waiting for is for the price on the 4H chart to create 4 points that I’ve marked, to confirm that a trend reversal has occurred. On the Daily chart, there has been a consolidation for 4 days. On the 4H chart, I’ve marked what a break of market structure...
Good morning traders. This is my analysis for the EUR/USD and how i will trade with this currency pair We need a little more patience