AUDGBPprize is the daily and H4 supply zone. we are expecting more bears to jump into the market and push prize down to the sell side liquidity. prize have already given us a choch on the H1 timeframe.
Choch
What is CHOCH? Check out the Example below.When the price changes its direction from making LH and LL to HH and HL is called CHOCH(Change of character or change of structure). Please hit like👍 and follow. Thanks.
GBPCHFPRIZE have entered our H4 demand. we have waited to have a choch on the M15 and took long positions
NZDCADPrize reached the H1 POI, we are taking a short back to the h4 demand that broke the previous LL .
USDCHF H4 - LONGWe have H4 bullish order flow in our favour, looking for a pullback into demand for a potential LONG position if we get confirmations on the lower timeframe.
GBPJPYprize have reached the H4 supply zone and reacted . we are waiting for it to retrace to the OB that caused the CHOCH and take a short
Buy & sell Block OrdersAs you can see In the last upward correction wave and Strong upward price movement , we could recognize BUY order blocks after forming (BOS) and this upward movement can advance to its nearest OB in front of it.
NZDCHF PRIZE have broken the previous low creating CHOCH. Second confirmation was break and retest of the supporting trendline which was an retracement upchannel to mitigate the H1 SUPPLY ZONE.
#TRADE WITH BIG GAINS AND TRADE THE BANK WAY
GBPCHF SELLPRIZE reached the M15 FVG it left when it gave a massive down move, it broke the previous HL creating a CHOCH. WE took a short position from the mitigation of the M15 BEARISH OB that caused the CHOCH.
#TRADE WITH BIG GAINS AND TRADE THE BANK WAY
GBPCADwaiting for prize to reach the H4 demand that caused change of sentiment by breaking the last LH . Once prize mitigate that demand zone we expect bulls to take control and push prize up
#TRADE WITH BIG GAINS AND TRADE THE BANK WAY
lh
GBPUSD LONGPrice has come back to OB where price made a CHOCH taking out 2 highs.
Has only touched the top half of the OB but there seems to be more liquidity left within the wick.
Price has also created 2 liquidity zones which were done intentionally.
AUD/USD: Early Stage Long ReversalAUD/USD: Early Stage Long Reversal
> Higher high and higher low
> Downward trendline break
> BOS and Change in Sequence
> POC below current price levels
Meikel & Team WSI
GBPAUD CHoCH Trading strategy test #1I decided to change my trading strategy from now on because a pattern-based swing trading strategy does not match well with me so I am tying CHoCH trading strategy hope it works so I'm just starting it may not be the perfect scenario but lets see
🤓 🤓 MARKET STRUCTURE SHIFT! SMCMarket structure in Forex trading or price action is how many people take advantage of the markets. No indicators, and no volume. Because the market does not have a centralised exchange. Forex traders often swing trade the market based on the structure to take advantage of the opportunity.
Structural market change is broadly defined as a shift or change in the way in which a market or economy functions or operates.
I have tried my best to show you in the easiest possible way to look out for. Save this to your notes for future reference.
EUR/NZD: Bearish signs are increasingEUR/NZD: Bearish signs are increasing
> Double-top in the daily and H4 timeframes
> possible break of structure with current H4 candle
> first lower high and lower low outside of the upward trend shows change of sequence
> POC above current price levels
> Head and Shoulder formation
Look out for our new stream tomorrow (Tuesday) at 8:00pm Berlin time!
Meikel & Team WSI
EUR/AUD: Watchlist Long Trade for next weekEUR/AUD: Watchlist Long Trade for next week
> High Volume POC below current levels
> 3 touch inner upward trend
> inverse Shoulder-Head-Shoulder
> Need a break of the last falling high + 2 touch inner downward trend break
We are looking for a break of structure + change in sequence. This will be achieved once the last lower high is broken to the upside.
Check out our last Stream by Wall Street Trader Meikel Mokry:
www.tradingview.com
Meikel & Your Team WSI
NZD/CAD: Inverse Cup & Handle breakNZD/CAD: Inverse Cup & Handle break
> lower limit of cup & handle structure broken
> first LL outside of structure
> Low volume on the way to TP
> change in sequence: LHs and LLs
CHF/JPY: BOS & Change in SequenceCHF/JPY: BOS & Change in Sequence
> Trendchannel break
> BOS & ChoS
> POC above current price
> Stockmarket downward pressure support a short in CHF/JPY
Also take a look at our streams:
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Meikel & Team WSI
AUDUSD AUDUSD is bearish on daily TF.Reason to entry:low on a lower TF was taken creating a CHoCH and i placed my entry at the fair value gap on 5min TF but if you want to play it safer place on the 30 min fair value gap.TP was set to the daily low
USD/CAD: H-Vol Long BreakoutUSD/CAD: H-Vol Long Breakout
>Long sequence confirmed
> Trend break
> POC below current price
> USD-strength ahead of Inflation Date
AUD/USD: Structural Break | H-Vol ShortAUD/USD: Structural Break | H-Vol Short
> Break of HH/HL to LH/LL Structure
> POC above current levels
> BOS & ChoCH
> little bolume for another 100+ Pips
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.
