EURUSD Trade Idea Dec 13-17 2021The Logic: Overall EU is bearish from the weekly and Monthly TFs. Also on the weekly TF price has broken key structure, moving towards the downside, hence I'm anticipating a pull back to the OB which caused the break of structure, then a continuation downwards. On the daily TF, price has created a shift in market structure upwards, possibly signaling the pull back has begun. With this SMS I'm anticipating that price will return below the shift as liquidity has been engineered in the area of the shift and as such I'll be looking for buys inside my 1H POI until price returns to the 1W POI that initially created the BMS downwards.
Fairvaluegaps
XAUUSD Trade IdeaGold continues to be bullish, showing no signs of weakness, with significant breaks of structure to the upside. I anticipate the bullish momentum will continue up to the D1 POI, (Weekly High) denoted on the chart. After that I anticipate full bearish momentum. Will be looking for buys up the POI.
$EURUSD - End Of Week - Economic Calendar vs. Algorithm (SMT)***SMT = Smart Money Technique = the lck of believe and use of retail theory strategies. It is an algorithm that seeks liquidity and balance. We doon't trade off trndlines, no do we follow channels, or harminics, or belive in supply and demand. There's al Algorrithm nd the Candles givee you the keys. per ICT.
And I could be extremely off for this.
AAAlright so it seems that the Euro has been slowly going down throughout the week. I don't see tomorrow being much different even with NFP numbers coming out. It is acting as if there is still liquiidity to be broken on the sell side. Especially the equal lows right at 1.15400. I think it will break a little higher during the London session and cross the Median of the 15 min Fair Value Gap, probably even cover the FVG it and hit the bearish order block before dropping.
One scenario I do have is it hitting that 1.15450 area aas it is a bullish order block under a FVG and stopping there and slowly moving up since it is the end of the week. Howeever, It is NFP Friday, the worst day to trade, So I'm not going to even thinkin about trading this. But I'm putting out my guess as to wht would possibly happen. What we're looking at just below a few deviations below the Asian Range as well as using the fib for a short sell after it gets above premium and into that median of the 15 Min FVG gap around 1.15750, I wouldn't be surprised if thats the time we get the worst volitlitity and people chase it up aand it does go up for a brief moment but then it just falls straight though the Liquidity /equal low area at 1.15400 and the straight on throught to the 175% exxtenssion which just so happens to also be the Mar High of 2020 during the high volatility of Covid around 1.154115 which is also inside a dailly order Block.
Chart Seen Here::
We'll just have to wit and see what happens.
Happy Trading
USDCHF ShortGood morning ladies & gents,
USDCHF has hit a H4 Bearish Propulsion Block whilst simultaneously creating Fair Value Gaps on its way up. Price hunted past previous day's highs and created a sell structure. The targets are highlighted below. I've personally got 3 targets but these two that I've depicted are the first and last ones.
Disclaimer: This is my opinion and the way I view the markets. Do not take this as trading advice. You're trading at your own risk if you use this idea, so please please use good risk management.
My mentor always told me: if you take care of your downside, the upside will take care of itself.
Consistency is the key.
Love & Peace