GBPUSD Weekly Outlook: Analyzing Potential Trends and IdeasIn this video, I'll conduct a comprehensive analysis of GBPUSD , examining it from a High Timeframe (HTF) perspective down to our Low Timeframes (LTF) . This approach will provide insights into what to expect in trading for the upcoming week.
Additionally, I'll delve into an analysis of the DXY to further enhance our understanding of market dynamics. Stay tuned for valuable insights and strategies.
Kind Regards,
The_Architect
Ictconcepts
I'm Back: EURAUD ShortMARKET PHASE
OANDA:EURAUD 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 around 1.64394. During this morning, price hit 1.64394 a couple times and sold off aggressively, supporting our thesis. Our sell limit order was filled and we are now in a short with the following parameters:
TRADE
Sell Limit: 1.64394
Stop Loss: 1.64534
Take Profit: 1.64114
EURGBP LongMARKET PHASE
OANDA:EURGBP is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 0.85773. Price has retraced back to this level to meet the demand multiple times and is met with extreme buying pressure. We can now expect a strong push upwards in the direction of the larger trend.
TRADE
I've entered my long position on OANDA:EURGBP as follows:
Buy Limit: 0.85773
Stop Loss: 0.85733
Take Profit: 0.85853
GBPNZD ShortMARKET PHASE
OANDA: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 around 2.09800. During this morning, price hit 2.09800, and began selling off, supporting our thesis. Our sell limit order was filled and we are now in a short with the following parameters:
TRADE
Sell Limit: 2.09800
Stop Loss: 2.10100
Take Profit: 2.09200
XAUUSD SCENARIOHi guys, I'm back with fresh analysis on gold.
if you haven't check my last analysis please do, price moved up from 2281 level for more than 700 pips. which was amazing.
Major institutions are still long on gold(based on COT data) and is still making new highs, so buying on demand levels is sensible.
First level is 2330 which is a broken resistance now acting as support also around level 2328 there is a tiny demand level, beneath that 2318 and last but not least 2308- 2302.
once price reaches these levels you could take long trades with confirmation on lower time frame.
And for those who want to take short trades 2346-2350 would be our supply zone but be really careful with shorts since fundamentals are bullish.
* As always add your intuition and logic into this and do consider risk management.
*Be honorable
EUR/CAD Looking an MMSM.In this analysis i am looking for an MMSM after the Daily FVG has been achieved, thus finishing the MMBM. Now the main thing is to refine the entry point so that we are not poorly positioned to seek a higher RR until the next Sellside Liquidity.
All analysis was done based on ICT concepts.
EURCHF:🟢Is it bullish...?!🟢(Details on caption)This is a beautiful price action.
We can see a clear market maker-buy model here.
Smart money reversal and distribution phase one is already done, now we should wait to intermediate low form and then buy.
Now, I can see the steel side liquidity formed above and inside the FVG which is a high-probability scenario for buy.
If the price continues to create a higher high and higher low, we should wait for the price to grab the liquidity below the low and then look for a buying opportunity in a lower time frame.
💡Wait for the update!
🗓️08/04/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
GOLD: Possible Downtrend to continue till $2180! Gold created a record HH and it is very likely price is likely to remain extremely bullish in upcoming days. Now, in our price can drop around 2180$ a perfect time for correction to occur, if price do not respect our entry and make it invalid then it would be tough to find a accurate entry to either buy or sell.
EURUSD: Trading Plan For The Coming WeeksHey Folks. Here is my trading plan and idea for EURUSD for the weeks ahead.
As it is clear the price is moving in positive ranges in 4-hour time frame. In the last Positive range, by mitigating the "Decision Block" and Creating a new HH, there is a level of liquidity in the range and I am waiting for it to be hunted. After Hunting the level there are 3 places I look forward to Buy:
1. The Nearest Extreme Flip in Discount Area of the Current Range if and only if I see Reverse Pattern in 15m chart.
2. The most extreme block of the Current range since there is an inducement level(FVG) near it if and only if I see Reverse Pattern in 15m chart.
3. If market drops deeper I will look forward to buy, after Hunting the weak low of the first positive range, following the reverse pattern in 15m chart in the first positive range's extreme flips.
DXY SELL TRADEFrom technical analysis we can see a huge expansion to the upside after the release of the NFP data .
what i would like to see is the candle reaching 105.550 level liquidity void on daily chart to consider a short
MY TRADE
SELL 105.550
TAKE PROFIT 97.000
SL 106.550
TERMS AND CONDITIONS APPLY
USE PROPER RISK MANAGEMENT
AUDUSDI have analyzed the AUDUSD market and noticed a significant increase due to recent news. The US dollar has weakened, causing the Australian dollar to rise in value, particularly in regards to gold. This is because the Australian dollar is closely linked to gold, and we can expect further growth. It's advisable to wait for a price correction to the support level before entering into a purchase deal. Good luck!
Navigating Market Dynamics: Anticipating Bullish Expansion Navigating Market Dynamics: Anticipating Bullish Expansion and Managing Risk
As anticipated last week, we witnessed a bullish expansion in DXY, aligning perfectly with our projections. Looking ahead to the coming week: #MarketAnalysis #BullishExpansion
We've closed above the midpoint of Ifvg, signaling a potential upward trend. DXY is poised to absorb buy side liquidity, potentially extending into the next week, with the aim of achieving a bullish expansion characterized by OLHC (Open Low High Close). #DXY #BullishOutlook
This strategy entails to take the previous week's low and seizing opportunities presented by a bullish fair gap to drive prices upward—a move we anticipate. #TradingStrategy #MarketForecast
It's crucial to recognize the importance of daily bullish order blocks, in harmony with the weekly fair value gap. #RiskManagement #TradingSignals
With significant events like NFP looming this week, it's prudent to exercise careful risk management. Anticipating a touch and subsequent upward momentum, we must remain vigilant. #NFP #MarketVolatility
GBPUSD ShortMARKET PHASE
OANDA:GBPUSD 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 around 1.26494. During this mornings US GDP data, price spiked up and retraced exactly to this level and hit our sell limit. We are now in a short with the following parameters:
TRADE
Sell Limit: 1.26494
Stop Loss: 1.26644 (Price hit 1R so SL moved to 1.26569)
Take Profit: 1.26194
GBPNZD Long TradeMARKET PHASE
OANDA:GBPNZD is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 168.624. Price has retraced back to this level to meet the demand, we can now expect a strong push upwards in the direction of the larger trend.
TRADE
I've entered my long position on OANDA:GBPNZD as follows:
Buy Limit: 2.10254
Stop Loss: 2.10099
Take Profit: 2.10564
RISK MANAGEMENT
R Ratio: 2
Equity at stake: 1%
Trail SL to 50% @ 1R Profit
GBPCAD Short TradeMARKET PHASE
OANDA:GBPCAD 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 has already started it's initial move down, the velocity of the downward move caused a gap in price around 1.71512. Price has not retraced to this level, we have our sell limit pending.
TRADE
I will be entering short on OANDA:GBPCAD with the following parameters:
Sell Limit: 1.71512
Stop Loss: 1.71762
Take Profit: 1.71012
EURGBP: Exploring a Potential Sell OpportunityCurrently, EURGBP is exhibiting bearish institutional order flow , leading me to anticipate a continuation from the current H1 Bearish Order Block. The objective is for price to reach the Daily Bullish Order Block, our current Draw On Liquidity. This sell opportunity holds a high probability due to the presence of low resistance liquidity towards the downside, facilitating smooth movement through inefficiencies such as Liquidity Voids and Fair Value Gaps towards the Order Block.
I have considered taking a Risk Entry Trade off the H1 Order Block, with the Stop Loss positioned at the high of the Order Block.
Kind Regards,
The_Architect
DXY Dynamics: Transforming Bearish Whirlwinds into Bull HorizonI was observing the bearish price action on DXY, and it's unfolding just as I anticipated. Last week, DXY breached a bearish PD array. Now, I'm shifting focus and expecting DXY to take some buy side liquidity in the upcoming days . I'd like to see DXY consolidate at this level on the chart today, forming a bullish fair value gap. Tomorrow, it should fill that fair value gap and test the bullish breaker 4 hour , before resuming its upward momentum.
#ForexAnalysis #TradingSignals #MarketObservation #PriceAction #DXY #BearishTrend #BullishOutlook #TradingStrategy #TechnicalAnalysis #MarketForecast