EURNZDPRIZE has reached the weekly demand and has already given us clues that it might start a bullish trend. we have already a M15 CHOCH Which might give birth to a H1 CHOCH. so we are going to catch the move earlier and tighten our risk
Choch
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.
GBP/AUD: Long Reversal runningGBP/AUD: Long Reversal running
> Higher High and higher low printed
> Break out of the triangle formation
> POC below current price
> Last weekly high far away
Structurally, this is a long based on the rules of our Wall Street H/L System. It is, however, a little risky ahead of the FED tonight. Why? Because the decision + press conferent COULD lead to direction-changing moves. If you do not mind economic data risk, you can enter.
Also check out my stream on the FED + Swingsetups:
www.tradingview.com
Meikel & Team WSI
USDJPY AnalysisThis is a long term analysis!
USDJPY has hit a resistance on the monthly time frame and choch has occurred on its chart on the daily time frame!
And we have the possibility of falling to the following targets:
TP 1 >>> 129.72 ✅
TP 2 >>> 116.352 ✅
TP 3 >>> 111.254 ✅
of course the analysis will be updated!
USDCHFprize is in a downtrend. though it has reached a probable Demand zone it has made a new LL. now it is approaching the H1 POI that that broke structure to the downside. once it gets there we will waith for a proper confirmation to go short since it s coming from a demand zone. we will take our profits at the 50 Fib discounted prize zone since there is a high probability of it making a choch
GBP/CHF: Long Reversal running & FED commentGBP/CHF: Long Reversal running
> Higher high and higher low printes
> inner trendline break
> quadruple bottom
> POC below current price
We are seeing broad GBP-strength, also visible in GBP/CAD, GBP/AUD, GBP/JPY and GBP/NZD. GBP/CHF checks all the criteria for a long entry according to our H/L Wall Street System.
Post Fed Meeting
The dust has settled since the FEDs epxted 75bps interest rate hike. During the press conference Powell communicated what we call a "dovish hike". The FED did hike interest rates, but the forward guidance is not as strongly hawkish as in the past anymore.
Now, the FED ist data-dpendent, which is a softer stance on rate hikes. The consequence is a risk-on reaction in the markets: Stocks are rising, USD and JPY is weakening and Crypto is rallying.
Please always remember:
Trading is a game of probabilities. This means that a single trade is not important. A system plays out over a large number of trades (i.e. 100-200 trades). Every trade should be taken with a risk as a % of your capital. Risk management is absolut key. A win rate of 70% means: Out of 100 trades, you will have 70 wins and 30 SLs. Do not risk your account on the 30 SLs.
Best
Meikel & Team WSI
CADJPYPRIZE IS APPROACHING THE h4 supply that broke the previous low that caused H4 CHOCH. WE are anticipating that bears will jump in once we get the m15 choch and mitigation of the m15 OB that that will have caused the choch
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.
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.
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