Fvg
EURUSD-1D1. Fiber has clear Fair Value Gaps to fill as indicated in my chart.
2. Resistance line drawn & order block converge at the same level of 1.0400
3. Monday will likely to be low of the week & Tuesday will begin bullish expansion
4. Dollar Index is likely to be bearish this week up to 104.30 level which will make Major pairs bullish.
5. Watch out Fundamentals of this week. They will pour liquidity for bullish move
#analysis 49 - If breakoutIf BTC is stronk to break out current consolidation stage, I'd expect it rising fast inside the FVG zone till the next OB, which shows resistance for it.
However, the scenario may not be highly possible as the major trend is still down. Just write it up as a note for myself.
XAUUSD SHORT-TERM BUY(INTRA DAY DRILL)XAUUSD has been dropping targeting sell stops as of our weekly bias but still gives short-term opportunities for buyers on the market before a rebound of price towards the sell stops since price is has to neutralize its efficiencies to the upwards IMB so as SELLERS could attain good momentum to the downward
BTCUSD, 12k or 9.6k, volume profile and the bad news bearsVolume profile on INDEX:BTCUSD on monthly chart after cycle up in 2019
The high volume cluster at the bottom is obvious. The POC for the whole profile up to the current price today is in the 9.2k range.
The edge of the high volume cluster is around 12k.
There's plenty of liquidity gaps (fair value gaps, FVGs, whatever you like to call them) between here and there.
Those gaps tend to get filled as supply and demand tends to equilibrium, as we're seeing now and profiting from.
Shorters of the world, unite!
Set your leverage right, TP at 12k, watch for a bounce, then long as we come back up to fill in the gaps some more.
What is FVG and why is it important?FVG = FAIR VALUE GAP
An area that offers price inefficiencies
Simply put, when there are more sellers than buyers it sometimes causes a void in the price action that we call it FVG or Fair Value Gap.
You can simply identify these areas on the chart just by finding deserted candles that have no trading history around them.
These value gaps are like errors in the market, price always tends to back to those areas and fill the gap with some more trades.
So if you see a sell-off/bullish impulse on the market, try to find The FVG and mark it as the potential target for the price to jump back there whenever the trend starts to shift.
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EURUSD 15 TF Tuesday, LN session
I think daily bias is BEARISH, and SM wants to go below the swing low in 4 hour TF.
*3 last candle are in a daily range.
in 1 hour chart, price is bearish. I think it is going below 1.04400.
SM come below the 1.04982 level, buy the sell stops.
Does it go higher or no? I don't know for now
Possible way how BTC comes back downEntry point is only confirmed once BTC creates a FVG now on the first wave down and comes back into it a bit later.
Then a short position will be opened once I got confirmation on lower timeframe (1, 2 or 5 min.)
As target I see the 4h FVG which is marked on the charts.
Sure I could be wrong... so no financial advice! :)
Cheers,
Chris