GBPJPY Weekly analysis idea. Last week price already touch Daily Supply & give a big move reaction to the downside. From now price more likely consolidation like waiting to do something. This behavior looks like will be manipulation. I just wait at level that I already markup for price coming first.
Fvg
EUR/USD Might consolidateEUR/USD has reached a Premium zone which has rejected with an swing Order Block. We've established 3 new FVG's in the past day, so we might see the price consolidate for this week.
- Closest Fair Value gap starts at 1.06262
- Second Fair Value gap starts at 1.06043
- Third Fair Value gap starts at 1.05820
Watch the out for these zones, its possible that the price might reject from these zones of FVG.
- First Order Block (Bullish) starts at 1.05775
- Lower Order Block (Bullish) starts at 1.05480
Keep in mind, that these analyses might be with a Neutral effect (Which might consolidate).
A closer look at the Swing Bearish order block;
BTC FVG - DailyOn the verge here if flipping my bias... However have been waiting for these FVG to fill to see another crack at 25k level... It was clear that BTC was out of steam and traders awaiting a move down...Many traders on Twitter shorting the market, calling bear trend... I read one guy putting 'Stage 4 downtrend' lol... Ok... How many stages are there?? Hasn't even taken out the previous swing low...
We move from 15k to 24k odd (60%+) and stalls up there for over 30 days... Chopping up traders. The reason we stalled up here is because its the last line of defence for 'bear market' Previous peak of range from August 2022:
When dialling in closer, we can see the previous drop to the FVG / previous resistance high, in order to gather liquidity for a crack at the 25k level... Which was broken but closed back inside range... we see a similar pattern here, with the move down to the new FVG which also doubles as a previous area of resistance turned support (Look at local price action)
I'm hoping to see another move up to 25k level completing a potential 3 drive pattern, trapping certain traders and continuing the volatility chop up in this region.
Result of Previous Idea | 140pips GBPUSD | What's Next?Welcome back traders. Here's the result of our previous idea. It was published on February 21 and target reached on February 24.. some 140pips..
Explaining the trade generally:
•Open your chart on GBPUSD Daily frame and mark the exact FVG I marked above and in previous idea..
•Look at the bodies of candles after reaching the FVG.. Ignore the tails of candles that tried to trick traders in longs.
•Open H1 chart and mark the first FVG you see after reaching Daily FVG..(22Feb, 03:00)
•What time is London Open Killzone?
•Do you see how many FVGs we got on H1 and lower time frames(15m,5m,3m,1m)?
•See the opportunities that price offered in active market times (Killzones)..
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ICT Power of 3 & Afternoon Session 2022 Mentorship ModelHere is a good example of power of 3 and how to trade the afternoon model according to ICT. Of course this is not to the tee, as I would not have traded the afternoon session until 1:30 if I followed it exactly. Nonetheless, nice profits and I hope this was helpful!
BTC dump is coming? Hi dear community, I hope you are fine.
I will be short. I will update my ideas about current situation on BTC chart.
I'm looking at 2W BTC log chart by Heikin Ashi candles. I'm comparing 2022 bear market with 2015 coz they are very identical by many factors which I told in my previous analyses.
So as you see after making double bottom with strong bullish div BTC pumped from 15.5K to 24.3K as I had mentioned in my previous analyses. There is huge resistance at 24.5-25K zone/200weekly EMA, range high, diagonal and horizontal resistances, monthly diagonal bearish trendline test etc. Approaching to key resistance bullish candles became smaller/check 3D or W chart/, buying volume was diminishing, the momentum was losing creating multi bear divergences on multi timeframes, as a result of the mentioned the price rejected at 24.3K & dropped to 21.6K filling created imbalance, and FVG zones bellow 22.3K. As you see after bottom, BTC created 3-4 big green Heikin Ashi candles marked in pink box and dumped to the main market structure making HL, at the moment you can notice the same green candles in a pink zone with RSI identical move as it did in 2015)). To be honest , we need this healthy correction putting HL in current structure.
There is weekly FVG zone at 17.2-20.4K zone as well. In coming days and weeks, I expect BTC to dump to the mentioned zone and fill at least 50% of FVG which is 18.7K. More likely 18.5-19K zone will hold not only as a FVG zone but also strong horizontal support and we'll see strong reaction and bounce from that region which will lead the price to new highs)).
If you like my ideas don't forget to like and follow me for further updates. I will appreciate any kind of support.
Also check my other analyses.