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GBP/USD Longs from 1.28000 as a retracement. This counter-trend idea comes from the fact that price is currently reacting at an old supply zone. However, if this supply fails, I wouldn’t be surprised to see price move up and take out the trendline liquidity above. Ideally, I’d prefer to wait for price to come down to the demand zones to mitigate before aiming for a move up to capture the liquidity pool. I’ll be watching for signs of Wyckoff accumulation within my points of interest, particularly at the 55-minute or 18-hour demand zones, depending on how price behaves. Confluences for GBP/USD Buys: - Significant trendline liquidity to the upside that could be targeted. - Demand zone has led to a break of structure on the upside. - Price has been heavily bearish and may be due for a pullback. - Several untouched Asian session highs above. P.S. With upcoming news, including NFP and election events, I’ll likely stay on the sidelines unless a very clear setup emerges, and even then, I’ll keep risk minimal.
Long
by Hassan_fx
EUR/USD Buys from 6hr demand at 1.11200EUR/USD (EU) Analysis: I’m expecting price to move down slightly to sweep the liquidity resting at the equal lows. Once those lows are taken, I anticipate price to slow down and begin accumulating in my 6-hour demand zone, where I’ll be looking for potential long opportunities. This aligns with the current bullish trend, making it a pro-trend setup. If price moves up without sweeping the equal lows, I’ll shift my focus to selling from the 16-hour supply zone above. For now, EU is caught between areas of liquidity, so I’ll wait until midweek to assess where it stands before making a decision. Confluences for EU Buys: - There’s significant liquidity above the demand zone, which is a positive signal. - The demand zone has led to a break of structure to the upside. - The overall trend remains bullish, supporting this pro-trend idea. - The (DXY) continues to show bearish momentum, which supports a bullish EU outlook. There are still imbalances and liquidity above that need to be filled. Note: Price has already reacted to the 4-hour supply zone I marked last week, which could be causing this minor pullback towards the 6-hour demand zone. Have a great trading week, everyone!
Long
by Hassan_fx
GBP/USD Longs to Shorts. Bullish pressure weakens...I expect price to push a bit higher to reach the weekly supply zone above. However, since price hasn’t fully broken structure and has instead swept liquidity at the Asian session high before dropping back down, this weakens the validity of the 7-hour demand zone I previously marked. Given the failure to break structure to the upside, I wouldn't be surprised if price starts to decline. I’ll be watching for it to reach the 6-hour demand zone around 1.32000, where I’ll look for new buy opportunities. Confluences for GU Longs: - Price has left a clean 7-hour demand zone, which could trigger a bullish reaction. - The overall higher time frame trend is bullish, making this a pro-trend idea. - There’s significant liquidity to the upside, along with an unmitigated weekly supply zone. - The US Dollar Index (DXY) remains bearish, aligning with the bullish outlook for GBP/USD. Note: If price reaches the supply zone above, I'll also be looking for a potential reversal, which could present a strong sell opportunity. With NFP (Non-Farm Payroll) this week, be on the lookout for any significant moves.
Long
by Hassan_fx
DXY Bullish this week from 101.200?The DXY is currently in an 8-hour imbalance, which could give us an initial bullish reaction. Although price has already broken structure to the downside and shown strong bearish pressure, I expect this bearish momentum to weaken. Once price reaches the 14-hour demand zone, I will be looking for a stronger bullish reaction back up. If price retraces from either of these zones and moves back to the daily supply, I will then expect the bearish order flow for the dollar to continue. Since this is a clear bearish price structure, any upward movement will likely be short-term and temporary until the daily supply zone is mitigated. This aligns with my analysis for GBP/USD (GU) and EUR/USD (EU), where I'm looking for short-term sells before entering buy positions. Similarly, for the dollar, I'm expecting a small upward move before it continues its decline. Have a great trading week, everyone!
TVC:DXYLong
by Hassan_fx
(DXY) Dollar - Break out pending from its consolidationThe DXY is currently in a consolidation phase, and I expect it to break out soon. Regardless of the direction, we have marked points of interest (POIs) that will help us capitalize on trading opportunities. - Scenario 1: Price Breaks Upwards If the price breaks above the consolidation, I anticipate it will fill the imbalance and tap into the supply zones marked on the 30-minute and 8-hour charts. - Scenario 2: Price Breaks Downwards If the price moves down, I expect it to mitigate the 16-hour demand zone. This zone appears to be a strong buy setup, likely pushing the dollar back up. There’s also an imbalance above this demand zone that needs to be filled. Overall, I am favoring an upward move, as this aligns with my bearish outlook on GOLD, EUR/USD, and GBP/USD.
TVC:DXYLong
by Hassan_fx
GBP/USD Sell to Buy idea from 1.28400 down to 1.27600While GU buys are more favourable overall, as day traders, we will focus on nearby opportunities. This week, sells look promising at the 2-hour supply zone, where I expect a bearish reaction. This is a small move intended to trigger a retracement back down towards the 18-hour demand zone. Once the 18-hour demand zone is mitigated, I will look to take buys. If price falls through this demand zone, the more ideal zones are the 9-hour or 8-hour demand. Overall, I am bullish as price is breaking structure to the upside, but a retracement is expected. Confluences for GU Sells to Buys: Price is very near a good 2-hour supply zone at the top of a structural point. Imbalances below to target, as well as liquidity that needs to be taken. Price has been very bullish and needs some correction. Price is currently in a bullish trend, so sells to buys are favourable. DXY is looking quite bearish as of now. P.S. If price continues going up and breaks the 2-hour supply and structure once again, I will focus heavily on long opportunities.
Short
by Hassan_fx
GBP/USD Long to Shorts from 1.27000This week, my plan for GBPUSD (GU) is to buy up towards the 10-hour supply zone. I will wait for a retracement to occur, allowing for a Wyckoff accumulation to form within the demand zone before taking buys, possibly targeting the relative equal highs I have marked. If the price doesn’t retrace deeply and moves straight towards the supply zone, I will look for a Wyckoff distribution to initiate sells. This supply zone is more promising as it's a refined version of the 21-hour zone I marked last week. Confluences for GU Buys are as follows: - Price has left a clean 8hr demand zone that has swept liquidity. - Price has been bullish and this idea is a pro-trend idea. - There is lots of liquidity to target in the form of equal high and Asian high. - There is still an unmitigated supply that needs to get mitigated as well. P.S. If the price doesn't respect the demand zone, it could drop lower due to the imbalance below. In that case, I would look for a deeper demand zone to buy from or wait for the price to change character (CHOCH) to the downside.
Long
by Hassan_fx
EUR/USD SHORT TO LONG idea (towards 1.08200)My analysis for EU aligns with that of GU in terms of directional bias. I expect price to turn bullish from either of my demand points of interest (POIs), aiming to eventually mitigate the major supply zone within two days. This anticipation stems from the expected substantial reaction at the supply zone. While pursuing the buys aligns with a pro-trend approach, I plan to switch strategies once price reaches the significant supply zone. Currently, the market remains bullish, prompting me to prioritize seeking buying opportunities near demand zones to drive price upward. The most intriguing opportunities for me lie within the demand zones on the 2-hourly, the 22-hourly below, and the two 4-hourly zones at the bottom. Confluences for EU buys are as follows: - Price has recently been in an uptrend, forming higher highs and higher lows. - 2-day supply zone that needs to get mitigated eventually. - Good demand zones left that price might pick up another bullish rally from. - Liquidity to the upside as well as substantial imbalances that need mitigation. - price has also recently broken structure to the upside once again to confirm the trend. P.S. If the price maintains its upward trajectory, I will wait for it to decelerate and consolidate within my designated area. Upon closer examination, I've identified several refined zones, such as the 4-hour supply zone. In such a scenario, I won't rush but will instead wait for a thorough and significant mitigation before taking action. Have a great trading week guys!
Long
by Hassan_fx
GBP/USD BUY TO SELL (up towards 1.26500)This week's analysis for GBPUSD presents promising opportunities based on anticipated price movements. Near current price levels, there's a nearby 4-hour demand zone that could potentially trigger a bullish reaction, although I'm cautious about its strength. However, my primary focus is on the daily supply zone. If price fails to reach the daily supply, it might delve deeper to interact with a stronger demand area, possibly sparking another bullish rally. In such a scenario, I'll align my trades with the prevailing uptrend, considering the recent pattern of higher highs and higher lows. Once price reaches the daily supply zone, I'll be prepared to enter significant sell positions. Confluences for buys are as follows: - Price has recently been in an uptrend, forming higher highs and higher lows. - Daily supply zone that needs to get mitigated eventually. - Good demand zones left that price might pick up another bullish rally from. - Liquidity to the upside as well as substantial imbalances that need mitigation. - price has also recently broke structure to the upside once again to confirm the trend. P.S. If price reaches the supply zone without eliciting a reaction from any of my demand points of interest (POIs), I'll patiently wait for a wyckoff distribution to develop on lower time frames before initiating my short positions. Have a great trading week guys!
Long
by Hassan_fx
GOLD Imminent buys towards 2390 sell idea This week, my analysis for GOLD involves seeking immediate buying opportunities from the 12-hour demand zone where price is currently situated. My strategy is to initiate buys with the aim of targeting the 6-hour supply zone above for potential selling opportunities. Despite the significant drop on Friday, price still appears bullish based on last week's performance, but we might anticipate a reversal in the near future. In case the current zone fails to hold, there's a demand zone below where we could consider another buying opportunity. This scenario is possible given the substantial liquidity present below my point of interest (POI). With ongoing news about geopolitical tensions, gold could potentially rally further, but we'll closely monitor unfolding events and adjust our approach accordingly this week. Confluences for GOLD Buys are as follows: - Price has been very bullish for the past couple of weeks and multiple BOS have taken place. - War news is happening and as we have seen before gold usually has a bullish reaction from it. - Price has recently broken structure and is now in a 12hr demand zone. - Price looking like it's slowing down on lower time frames could get a wyckoff accumulation. P.S. Gold may experience a decline from the 6-hour supply zone, given the substantial rejection indicated by the long wick on the higher time frame. This downward movement could signal the beginning of a potential bearish trend. Gold presents compelling opportunities for trading this week, with various potential entry points to capitalize on. Let's aim to seize these trading opportunities and capture profitable movements in the market!
OANDA:XAUUSDLong
by Hassan_fx
1
GBP/USD short term longs to shorts 1.26000 back up to 1.27200I am currently holding a bearish view on GU, and I'm patiently waiting for a deeper pullback toward the primary supply zone. However, there's a nearby 1hr demand zone where we might witness a bullish reaction. If this zone fails, which is possible given the ample liquidity below, there's also a deeper demand zone just beneath it. We need to wait patiently to see how price behaves. If price continues to rise, reaching the Asian high and trend line, it would strengthen my bearish bias and provide additional confluence for potential sells. Conversely, if price declines further, I'll be on the lookout for Wyckoff accumulation to unfold in either of the demand zones. Confluences for GU short term buys are as follows: - Price left lots of liquidity to the upside as well as an asian high that needs to get taken - There is two 1hr demand zones that could initiate the expected pullback yet to come. - For my sell bias to come into play, price must rally up which hasn't happened yet. - Imbalances are left above that need to get filled. P.S. If price continues to decline, I'll wait for a new supply zone to form and then consider selling from that point. Ultimately, the majority of liquidity remains situated below, influencing this decision.
Long
by Hassan_fx
XAU/USD Longs back up towards 2185.000 or 2200.000Gold continues to exhibit bullish behavior this week, building on the momentum from last week's significant news event that propelled it to new all-time highs. With price maintaining its bullish stance, this aligns with the broader long-term bullish outlook for gold. Buy positions have already been initiated, with an eye on the price reaching the 2185 level. At this point, we anticipate a potential retracement or a further upward move to address the imbalance above and potentially touch 2200, where a stronger supply level awaits. However, considering the presence of an Asian high above, there's a possibility of that 4hr failing. Nonetheless, I'll be awaiting confirmation on lower timeframes before taking action. Confluences for Gold Buys are as follows: - Price has taken ATHs and has also take break structure to the upside. - Price has been very bullish in terms of the candle stick anatomy. - Price has reacted off a strong demand zone that has caused this initial rally to take place. - Wyckoff distribution has occurred on lower time frame as well. - Imbalances and asian highs above that need to get taken. P.S. As price dynamics shift to the downside, the current movement might be temporary. Sellers could gain favor, leading to a potential drop to lower levels. Have a great trading week guys!
OANDA:XAUUSDLong
by Hassan_fx
1
SPX Top Down Analysis 9/27/22We are trading within a range near the most recent low on the daily after a big move to the downside. Definitely still overall bearish but we are trading into HTF points of interest to the downside, basically buy to sell setup's in the making. Missed the trade yesterday off of the range high but that's okay. Lots of news today so I won't be so quick to pull the trigger and just be more reactive today. 7:30am USD Fed Chair Powell Speaks 8:30am USD Core Durable Goods Orders m/m 0.3% 0.2% USD Durable Goods Orders m/m 0.1% -0.1% 9:00am USD HPI m/m 0.0% 0.1% USD S&P/CS Composite-20 HPI y/y 17.1% 18.6% 9:35am GBP MPC Member Pill Speaks 9:55am USD FOMC Member Bullard Speaks 10:00am USD CB Consumer Confidence 104.0 103.2 USD New Home Sales 500K 511K USD Richmond Manufacturing Index -10 -8
BLACKBULL:SPX500
by Cory4rex
EURUSD pullback?? short term buying opportunity to then sell offAs we can see price broke structure(BOS) on the daily and created equal lows ("ELs") where I expect smart money to liquidate and furthermore price is almost at the 50% of a weekly imbalance meaning there is good confluence for a BUY on the short term as a pullback to mitigate the order block (OB) on the daily, which is also a strong supply zone for further confirmation, this zone would then become a strong area to sell from. This would be a great example of how smart money buys to sell. however, price does not have to pull back all the way but my overall bias is to go short on this pair
by abhayrk108
BUY EURCHF On this chart we see quite impressive market structure. Overall I am looking to short this currency pair but at the moment we need more liquidity in order to go short. Where is this liquidity? Its above the previous highs look to the left at 1.1544 area. So I am currently long, expecting price to take out the high ( my take profit). I have access to market makers and big players positions for those interested. Enjoy your trading and remember to use proper risk management. Forex is a risky business
Long
by GeminiWealthGroup
DXY BEARISH CONTINUATIONDXY Analysis Currently in a bullish countertrend in lower timeframe. Taking advantage of DXY correlation with the Major pairs. Mitigated off 1 Hour inst. move to keep going lower. Expecting a retracement around the 78.6% - 88.6% fib area, liquidity area, imbalance in the market highlighted purple and following bearish countertrend structure. Taking it low to fill imbalance in the 4H highlighted zone. Will be taking Short opportunities until we get a Break of Structure within the 30m minimum or 1H timeframe.
TVC:DXYShort
by kevhernandez9
EURAUD BUY/LONG RETRACEMENTFirst lower entry: (5MINUTE TIMEFRAME) 88.6% fib retracement area. Imbalanced price action on 5M timeframe & 50% of last institutional move that took previous liquidity. Second entry: (30MINUTE TIMEFRAME) 78.6% fib retracement area. 50% institutional area of last bearish move before the bullish move upwards. Mitigation area for smart money to close out positions. 4H higher TF bias is downtrend. Entering countertrend to buy up and sell off around TP3.
Long
by kevhernandez9