EURUSD dailyChoppy and slow week at first with price being reluctant to come and fill the imbalance of the week before. eventually on Friday we got that after a sweep of the equal highs.
price is now heading back down towards the EQ of that daily swing. with some nice LTF order blocks to trade from.
Imbalance
BTC DAILY POST (3/3) - CLOSED IB, POTENTIAL DOWNWARDS MOMENTUM
BTC closed its 39.3k - 40.5k imbalance today, as you can see its a 100% calculated movement and the candle stopped EXACTLY at the top line of the IB.
This is another proof that the market is manipulated and a reason to believe in the SM Concept
- xtekky-
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BITCOIN (BTC) CLOSING 40K 1H IB SCENARIO - SM CONCEPTScenario where Bitcoin goes closing its 40k 1h chart unbalance before continuing its way back down
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Risky S&P500 long on nowDon't try this at home! LMAO! This only fits some of my criteria (it's against a higher tf trend). With it being late in the day this is a very low-quality setup but going to throw it on the demo account and see what happens. learning experience here.
BICOIN (BTC) CLOSING 39K 4H IB SCENARIO - SM CONCEPTScenario where Bitcoin goes closing its 39k 4h chart unbalance before continuing its way back down.
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EURUSD DailyClean bearish break on eurusd this week. May not have been the easiest week to trade but its left some very nice price footprints behind.
Break of the low leaving daily imbalance behind. There is an open of a daily order block at the fair value of the imbalance left behind. this sits at around 1.3000 and we could see short term pull backs to here.
It does look like mid term targets price could be aiming for some old imbalance at around 1.10000
Conservative vs Aggressive Entries - Different ways to enter!There are different ways to enter trades - some opt for an aggressive approach while others opt for a conservative entry. Aggressive entries are taken at the first signs of reversal out of a supply/demand zone while conservative entries wait for more significant larger structure breaks in the trend.
I almost always opt for the conservative take as I want structure to be with me all the way. By getting in with an aggressive entry you can achieve higher risk reward but you will also inevitably run into more losses because you are relying on the short term trend to confirm your higher timeframe intensions.
It comes down to your risk tolerance: Conservative entries require patience and sometimes when they don't give an entry you'll need discipline to avoid getting burned - but they are the wiser option for risk averse traders. Aggressive trades will get you in on nearly every move you have planned but they'll also get you took out a fair amount more than conservative entries. How much pain can you take?
I recommend choosing an approach and sticking to it - being a master of one approach is better than a novice at many!
SMC !! BASED ETHEREUM (ETHUSDT) 1H IMBALANCE FILL SCENARIO 1/2As you can see, ethereum created an institutional imbalance (IB) that it has to fill, if it doesn't complete the double top scenario:
It will therefore rise to 2.56k before dropping back down to its recent bottom at 2.32k and then taking its way down to 1.7k:
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BITCOIN CLOSED IB, ON THE WAY DOWN NOWBitcoin closed its recent imbalance and is now on the way to close the second one at around 44.5k-45k
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BITCOIN (BTC) !!!SMC!!! BASED SHORT TERM SCENARIOIf you look at the bitcoin chart from the institution's viewpoint, there are some imbalances left behind by the manipulation, some already got closed but the two most recent ones are the ones you can see on the chart.
Bitcoin will therefore surely go back to the 44k-45k range
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CHFJPY - Multitimeframe AnalysisCJ is looking good for shorts. We have multiple confluences for it as explained in the video.
Summary:
Monthly Timeframe:
- Price has just run up higher filled in a Fair Value Gap perfectly. It seems to be reversing from here.
Weekly Timeframe:
- We have an unmitigated Orderblock. Since this orderblock was a "Sell to Buy", means that the selling positions from Smart Money are currently in extreme minus positions, and they will want to reprice lower to mitigate out of their minus positions.
Daily Timeframe:
- We are creating SMT Divergence with its correlated pair - EURJPY. This means that CHFJPY went higher to run out the buy stops and made higher highs, will EJ is creating lower highs. CJ will most likely distribute to then run lower.
- Price has just reacted off a Daily Bearish Breaker Block, which should push price lower.
- Huge Imbalance FVG Gap. Price will come back to fill it as fast as possible.
- Massive Consolidation. Below these consolidations, there are lots of sell stops that will get taken out.
H2 Timeframe:
- Potential Sell POI. Valid Orderblock + Breaker that also caused the last low to get broken to the downside (Break in Market Structure - BMS).
- We have a Bearish Trendline that has three beautiful touches. Everyone that already is in Shorts from the trendline will get liquidated at the next mitigation of the Trendline up into the OB + Breaker and sell off further from there.