[TRADING SHOW]24.04.20 BTCUSDT HOW TO BUY
First of all,lets have a look at high time frame chart.
The daily chart level has obtained the liquidity Lid in the high consolidation range, and the position is Fib0.382 in the rising band.
On the daily chart, the pinbar broke up through after yesterday’s insidebar closing line.
At the 15M level, use the rising band FIB 0.618 to go long in the OB area
A better location below is the FVG area near Fib 0.786
As shown in the figure, TP1 at 2.5RR halved the position and tracked the long area to hold it steadily.
If you have time, it is safer to do market tracking to confirm your entry. Do not settup a
buylimit order.
Ictconcepts
XAUUSD Buy AgainXAUUSD has dropped back to my original buy area zone after taking out Tuesday's high earlier today during the Asian Session. Now anticipating for price to go back up again from the same 1H Order Block. Note that it is Friday and the last trading day of the week without any major red news driver, and hence momentum to go all the way to take out today's Asian high may not happen.
GBPUSD & DXY: Friday Trading OutlookIn this video, I'll provide a comprehensive analysis of the DXY and GBPUSD, offering insights into what to anticipate in tomorrow's trading session. We've reached a crucial juncture on both the DXY and GBPUSD charts, so what lies ahead?
Stay tuned for valuable insights, and feel free to leave any questions in the comment section below.
Kind Regards,
The_Architect
GBPUSD: False Break Prompts Bullish MomentumCurrently, GBPUSD has exhibited a false break of structure, commonly known as Turtle Soup, suggesting a potential bullish draw towards the daily Fair Value Gap (FVG) . Price has retested an m15 bullish order block, indicating a possible bullish continuation.
Alternatively, price may reach the H1 Order block, where a confirmation entry can be sought for a buy opportunity.
Please note that I will be closing my trade at 12 PM NY Time as I cease trading for the day.
Kind Regards,
The_Architect
GBPNZD Short TradeMARKET PHASE
GBPNZD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price then started it's initial move down and actually sustained selling pressure for some time. Due to the velocity of the downward move, priced gapped orders around 2.11584. Price may climb back to 2.11584, before selling off during the London session (News: Inflation Data). Therefore, we've setup a sell limit order with the following parameters:
TRADE
Sell Limit: 2.11584
Stop Loss: 2.12124
Take Profit: 2.10504
GBPUSD: Bearish Momentum Persists, Targeting Daily Sell StopsCurrently, GBPUSD demonstrates a persistent inclination towards the sell side, targeting the Daily sell stops . Having interacted with an m15 order block, a liquidity void has been filled. Now, a potential retest of the order block is underway, with price currently trading within a rejection block. This setup may serve as confirmation for further selling activity.
Alternatively, if this scenario fails to materialize, selling against the m15 Buy Stops becomes a viable strategy, awaiting confirmation for entry.
Kind Regards,
The_Architect
$ES and $NQ Long term outlook.Indices haven't had a good retracement for a while now, so I'm looking to see if we can reach low for some liquidity.
With the current climate of the world and the FED not cutting rates, it also adds to the idea.
I'm looking to target the Weekly OB on SEED_ALEXDRAYM_SHORTINTEREST2:NQ
And the Swing Low inside the Weekly FVG on ES
EURUSD Analysis of PreferforexEURUSD is currently moving towards an Extreme Point of Interest (POI) Zone. This is the final POI in the recent trading range, and below this POI, there is no unmitigated area. Despite the market being heavily bearish, we can expect a bullish reaction when the price touches this zone.
GBPUSD: Anticipating a Bullish Draw On Liquidity (m15)At present, the GBPUSD has triggered discount sell stops on the m15 timeframe and reached the m15 bullish order block. I anticipate a bullish pull towards the m15 buy stops and a movement towards the h1 bearish order block to fill the current liquidity void.
Kind Regards,
The_Architect
GBPUSD: Potential Buy Opportunity in London SessionCurrently, I'm observing a resistance point that the m15 timeframe is likely to approach which has m15 premium Buy Stops which is my Draw On Liquidity. Price is currently situated at an m15 mitigation block, which could serve as a strong support zone for the market to advance further.
Kind Regards,
The_Architect
NZDJPY Market Insight as of April 14, 2024- IRL to ERL
- Expecting a Bullish move to Mitigate SIBI and then overall I am seeing a Bearish Price action
- If one pair either NJ or AJ will not mitigate this SIBI , I will expected an Intermediate SMT will form which also signals a higher probability Bearish Condition
- HTF and LTF MMSM
- SMT w/ AJ
AUDJPY Market Insight as of April 14, 2024- IRL to ERL
- Expecting a Bullish move to Mitigate SIBI and then overall I am seeing a Bearish Price action
- If one pair either NJ or AJ will not mitigate this SIBI , I will expect an Intermediate SMT to form which also signals a higher probability Bearish Condition
- HTF and LTF MMSM
- SMT w/ NJ
Anticipating DXY's Next Move: A Week Ahead AnalysisLast week, I was expecting DXY to tap into the buy-side liquidity, which it accomplished on Monday. Consequently, I mostly stayed on the sidelines as it met my target. Looking forward to the coming week, considering DXY has taken out its February high and is currently trading within the monthly BPR and fair value gap and at the OTE (Optimal Trade Entry) level, my anticipation aligns with the bearish seasonal for April.
Given this, I foresee bearish price action in the upcoming week. Presently, on the weekly timeframe, DXY find itself trap in a PD arrays, necessitating further displacement for confirmation. Additionally, on the four-hour chart, the market maker sell model is poised to come into play.
As we analyze the weekly candle, the open-high-low-close (OHLC) configuration suggests a bearish outlook for the week ahead.
#dxy #forextrader #tradingcards #MarketOutlook
GBPUSD: Shift to Bullish Order Flow (CPI High Impact News)GBPUSD has recently shifted to a bullish institutional order flow, prompting us to identify key areas of interest conducive to the bullish bias . Currently, we're observing a mitigation block situated at premium prices , serving as an initial entry point for our bullish trajectory. Alternatively, should the premium point not materialize, we await a dip into the discount sell stops , offering viable buying opportunities post-confirmation.
This bullish sentiment is reinforced by a low resistance liquidity zone, strategically positioning us to capitalize on favorable trading conditions. By aligning our strategies with areas of low resistance, we enhance our chances of success in navigating the market dynamics.
Today, we're also expecting the CPI News release , which may inject high volatility into the market , potentially favoring bullish movements . Stay tuned for updates.
Please watch my GBPUSD analysis from long-term to short-term below.
Kind Regards,
The_Architect
NAS100USD: New York Session Buy OpportunityCurrently, on NAS100USD, we find ourselves within a H4 Bullish Order Block, coinciding with a H1 bullish breaker block. This alignment suggests a continuation of the bullish momentum, aiming for the H4 Premium Buy Stops. Notably, there are relatively equal highs, presenting significant liquidity, which indicates a probable draw by the market.
Kind Regards,
The_Architect