Smart Money SHORT | NZDCADLooking at NZDCAD we are in a Daily POI
switching down to the lower TF's we have a BOS and a last area os supply.
Lets see how price delivers from here
Imbalance
Smart Money LONG | AUDCHFLooking at AUDCHF we tagged a 4HR POI, The order flow then slowed down, and now we have had multiple breaks of structure on the lower timeframes
We will have to see how price delivers itself, if the high that has formed is broken for me it will become invalidated
Any questions feel free to ask
Deep Crab CompletedUS30 - Bullish Deep crab Completed, higher timeframe trendline respected & Imbalance filled, I'm looking for at least a 50% retracement here!
Smart Money SHORT | EURAUDLooking at the structure of EURAUD
Currently bearish on the lower TF's but if we break this lower timeframe structure it could be time to look for longing positions as on the higher timeframes we are still very bullish
Let's see how it pans out
Smart Money LONG | GBPUSDLooking at GBPUSD at the last 5min imbalance that was left behind, lovely potential entry
Lets see how it plays out
Gartley Almost CompleteWe have a Gartley on the LT that's almost completed with the D point also landing inside a point of imbalance.
Im waiting for price to hit this area of potential PRZ and because of lower TF it will be a smaller retracement before price continues to the upside towards the higher demand zones! (Price action is still bullish)
This could bank us an easy 20/30 pips keep an eye on the 35460, if you see a reversal jump in the trade with a small SL
BUY GOLDGold is in a bullish trend after breaking market structure on the daily timeframe. Price just needs to retrace back to 1800 zone/ orderblock that formed after BMS, and then we'll load buys to 1850/1869 to fill up the imbalance.
Smart Money LONG | XAUUSDLooking at gold we are still continuing our trend to the upside.
Currently have 1 position already open, looking to execute anything one if we can get the desired pullback to the area I need.
Lets see how the market accumulates itself and see if we can get tagged in.
Any questions feel free to ask
Ben
Weekend Analysis + Market Re-cap Looking at some good trades i took on AUDJPY this past week
Also breaking down some of the pairs in which I am looking for some possible trend continuations or trend reversals based on the market structure that presents itself.
Any questions on the analysis please do let me know via a comment or message.
Take Care
Ben
Short Sell, Long BUYAfter BMS at 1.3753, price retested the nearest OB on daily and rallied up. We continue to see the rally and we have just filled an imbalance in 1D. We could see some sells from here.
Alternatively, we could continue to rally up to the weekly OB at 1.4065 where we will look for sells
Smart Money LONG | NZDCHFWaiting for price to pull back to the 15min POI after creating this Wyckoff re-distribution
Thoughts?
Potential SharkPotential shark forming on 15M, i'm waiting for price to break to the downside before entering this short as price action is bullish on higher TF, but I'm expecting price to reject from this resistance level giving us a retracement (Hopefully down to at the .86) As there is another nice imbalance there that needs mitigating.
If price breaks structure to the upside then this potential trade will be invalidated.
Potential Shark Potential shark with bullish price action to miss previous imbalance at .86 or 1.13 (If the .86 breaks)
I'm not taking this trade I'm going to watch price action and if it hits either one of the sharks D points and covers previous imbalances then ill look to take this short.
Smart Money SHORT | EURUSDLooking here at EURUSD 2 potential selling areas.
we could move lower from the first 5min POI or the 2nd one could be the better entry.
BUY GBPUSDWe've broken market structure on the daily timeframe and now retesting the BMS, thus the buy at current market price. It is also possible to see a retracement to the market zone which will give us buys at a discount
Imbalance FillPrice has been induced with price action to build up liquidity and this move has taken out the lows and has filled in the previous imbalance from the last IFC.
Smart Money SHORT | NZDJPYLooking at NZDJPY we are currently in a daily POI and 4HR POI, on the 15min we have signs of bearish momentum kicking in with a break of structure.
Waiting now for price to pull back into the last area of demand on the 5min TF and see how price reacts
Any questions feel free to ask
Potential Shark Theory The Shark pattern here would make overall sense for me for price action to follow as price action would induce liquidity while imbalances are covered
Potential Shark + BOS We have a potential shark forming, price just broke structure and has an imbalance to fill from a previous IFC along with liquidity trapped at the X point.
The shark completes at .86 or 1.13 (.86 doesn't cover the in-balance) There will probably be a liquidity hunt if price reaches the X point and if so the 1.13 will be our target
However, we have potential volatile news dropping for the EUR in 1h 20, which could send the EUR either way so I'm going to wait until then before dropping the signal.
Smart Money LONG | GBPAUDLooking at GBPAUD
We have currently broke multiple levels of structure after a descending channel
Now waiting to see if the last level of supply is mitigated in order to send price higher.
Any questions feel free to ask
Limit OrderBullish price action along with potential Bat completion and Imbalance fill from the last IFC
Smart Money LONG | AUDCAD Looking at the structure we have formed at a Daily POI
With the descending kind of nature towards that level, we now have a break of major structure suggesting that price could be about to turn around and move to the upside.
Waiting for some sort of lower timeframe structure to form in order to get in on this position, so we shall have to wait and see how it plays out.
Any questions please feel free to ask in the comments or via a message
Thank you
Take Care
Ben
A fresh week and fresh PAGood morning traders!
Hope your weekend was good and your weekend reviews gave you insight into your trading last week.
Looking at todays PA I still think we need to wait for further development.
The large bullish move Friday left lots of imbalance behind and many unprotected orders.
On the Daily TF we have now broken the downtrend and have moved to a daily buy range, this signifies a return to bullish momentum in the market.
I will be waiting for further development before entering any trades.
As always Trade safe
EnvisionEJ.
