BOS
CHOCH vs BOS ‼️WHAT IS BOS ?
BOS - break of strucuture. I will use market structure bullish or bearish to understand if the institutions are buying or selling a financial asset.
To spot a bullish / bearish market structure we should see a higher highs and higher lows and viceversa, to spot the continuation of the bullish market structure we should see bullish price action above the last old high in the structure this is the BOS.
BOS for me is a confirmation that price will go higher after the retracement and we are still in a bullish move
WHAT IS CHOCH?
CHOCH - change of character. Also known as reversal, when the price fails to make a new higher high or lower low, then the price broke the structure and continue in other direction.
AUD/CAD: High Volume Break of Structure | ShortAUD/CAD: High Volume Break of Structure | Short
> first lower low outside of structure
> POC above current price levels
> downward trend established
- Major Re-Test completed
> Very high Shadow, indicating major Bank SL-fisihing
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After a BOS we expect price to pullback and
mitigate a significant zone in the previous
range before continuing
to break structure again.
If we do not get this mitigation it is likely that the
high/low that failed to mitigate will become liquidity.
CAD/CHF: H4 Swing has more room to runCAD/CHF: H4 Swing has more room to run
>Upward trend confirmed after pullback
> High Volume Node below current price
> Low Volume on the way to TP
> generell CAD-strength
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GBP/CAD: Bullish Engulfing Turn SetupGBP/CAD: Bullish Engulfing Turn Setup
> Price at major support level
> Heavy Bank buying i.e. Bullish Engulfing
> POC with much room ahead
> Low Volume ahead i.e. immediate upside
> Positive GBP News released
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USD/CHF: Structural break with High Volume SellersUSD/CHF: Structural break with High Volume Sellers
> Rising supportlevel broken
> Double Top
> LL in H1 after bullish Pullback
> POC above current price
> low Volume below
> Last day's low broken
Risk: NFP Data out of the US due tomorrow. Data clearly above consensus could lead to USD-strength.
US30 POTENTIAL BUY Price has the potential to move higher from the retest of the retest of the 1 minute bullish orderblock.Wait for bullish price action on lower timeframes to confirm the move.
USD/JPY: BOS, CHoCh & High VolumeUSD/JPY: BOS, CHoCh & High Volume
- Break of Structure (BOS)
- Change of Character (CHoCH)
- Trendchannel upside break
- High Volume below
- POC far away, orderbook empty ahead
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EUR/JPY: High Volume breakout | LongEUR/JPY: High Volume breakout | Long
- Break of structure (BOS)
- Change in Character
- POC below current price levels
- Low Volume ahead
Perfect Bank Setup, more long potential ahead!
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