Bitcoin CorrectionNow that we've dropped even lower, we're nearing in on an important point of interest (blue box).
If we don't see some kind of reversal in this box, and we drop below it, i think the black & green box are next point of interest.
This is an imbalance that could still need filling up, and an orderblock which could be mitigated.
I know things look kinda bearish in the shortterm, but if in doubt, zoom out: we're still in an uptrend on the bigger timeframe :)
Imbalance
GBP Expecting Lower PricesThis is the Daily Timeframe.
KEEP IN MIND: This analysis is solely based upon Institutional Structure, nothing else.
When an impulse takes out a previous low, it creates a Break of Market Structure (BMS), showing signs of weakness. When a previous low has been violated, the swing high that was formed prior to the violation of the low turns into a Protected High (PH). This means that we expect the market to sustain bearishly and stay BELOW the Protected High.
GBP has kept breaking lows and creating new PH's whom none of them have yet been violated to the upside.
I expect GBP to keep moving lower. I am only bearish until we break a newly created PH to the UPSIDE , as this means that we might move higher. But as long as GBP keeps doing these moves we can expect GBP to weaken in the long run.
The Weekly timeframe is doing the exact same thing, and I expect GBP's price to go lower for the next months UNTIL we break a PH to the upside, showing signs of strength.
Smart Money LONG | EURJPYAfter the hourly distribution to the left failed its time to look for longs at the re-accumulation zone that caused the re-distribution zone to fail.
Let's see if we can get an entry where we can look to start managing the trade at an hourly distribution zone to the left.
Any questions feel free to ask
EURUSD enticing the buyers? Just a video breakdown of how I draw my charts up - I'm very inconsistent in posting on here but if I'm able to help even one struggling trader then I'm happy with that.
This is my breakdown mainly using the 1hr chart which is my king timeframe I take my trades off the 1m but I'm not going to be posting that level of analysis at the moment.
I hope this helps someone and remember these levels are not levels that I just click buy or sell I wait for the lower Timeframe to align before I am willing to risk any of my money.
Sometimes these levels get ignored and that's fine, as a trader it's your job to adapt and not get frustrated that it didn't work and shouting that it doesn't make sense!
If you're new to trading my advice would not to be how to find great entries etc, it would be to understand what Liquidity is.
Master this and you'll always have a job in trading.. oh and Risk Management, oh and emotions, oh and trade management... good luck ;)
Trade Safe. PROTECT YOUR CAPITAL!!
GBPAUD short potential for the weekAs we open the week following the bearish weekly last week, we can see we are nearing the red supply zone. The purple line there indicated a imbalance from the weekly TF. Today being Monday i can expect the price to be moving in the opposite direction that it intends to from the rest of the week. If the red zone rejects, we can see ourselves pushing all the way back down into 1.83000 for the week. However if broken we can continue back into the highs.
EURUSD Trade Idea Dec 13-17 2021The Logic: Overall EU is bearish from the weekly and Monthly TFs. Also on the weekly TF price has broken key structure, moving towards the downside, hence I'm anticipating a pull back to the OB which caused the break of structure, then a continuation downwards. On the daily TF, price has created a shift in market structure upwards, possibly signaling the pull back has begun. With this SMS I'm anticipating that price will return below the shift as liquidity has been engineered in the area of the shift and as such I'll be looking for buys inside my 1H POI until price returns to the 1W POI that initially created the BMS downwards.
GBPAUD BUYING THE IMBALACELooking at gbpaud we can see an imbalance on the higher timeframe which could indicate start money (Big Banks) were in the market, which caused the down trend with out a pullback. Buying the imbalance as price has to fill up the IMB = Imbalance before price can continue the downward trend.
End of US30 Correction? - Bullish moveOverall trend: Bullish
Current state: Correction and daily and 4h demand zone
Structure being broken? Not yet.
Important events coming up? NFP news tomorrow
So let's begin to take a look at the higher timeframe bias (this is very critical in trading supply and demand), it can be clearly noticed that the overall sentiment of the market is bullish. So we can put that one in our checklist on top.
The price just currently bounced off on a Daily and 4H demand zone, as it is indicated on the graphical illustration. Since we were in a strong bearish move, we need to see market structure change. Since a trend exist out of: HH, HL or LH or LL. We will now be patient and wait for the price to break structure, create a new HH and test another order block before moving up.
From the fundamental side of events, we have NFP news tomorrow, which will have a huge impact on the overall market. We are entering December, where a lot of bonuses are paid out and people pumping money into the stock market.
Be safe in these times and happy trading you all!