Using my support/resistance strategy and Premium/Discount zones, we have to wait 12226 what is a confluence zone to take long positions.
There is a confluence of factors: Fibonacci, support zone and order blocks. Go down to discount then push up like a rocket on Wednesday with fomc.
Applying SMC to our analisys today to PEPPERSTONE:NAS100 . Afteder define OB and the POI, just way couple of days to enoguh liquidity and then, short after FOMC news. It could be a shor with 26R
Today I analized NQ using SMC, with TF M15 and M1. First, I looked for CHOCH, and then I have marked the last OB using M15 TF. Next, I went to TF M1 and refine the OB inside the bigger one. Just put the Buy Limit Order and wait. Target 1: at the first last structure that the price made Target 2: the supply zone The result: The trade is winner with a ratio 1:17,...
This is my forecast for this week. Using market cicle, we’ll see Monday and Thursday bear market and then next 4 days bull market, from Wednesday to next Monday.
Using basic triangle pattern on 30M chart, it’s possible a bear market for this week until the trend line.
In 1 min timeframe there is an important divergence between price and EFI. The main idea is go short until 68% Fibonacci using 2:1 ratio ($2200:$1100). Usually in Euro and Asian session the price don’t make new highs.