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Imbalance

AUD/CADPrice has created a new higher high on the daily and done a deep retracement (HL) into the area it's in right now. Looking for price to create another higher high and test of the last IC candle to the downside and target some of the equal highs and areas of imbalance If there is a strong immediate reaction from entry area, then will look into entering the trade. On the other hand, with the strength that price is coming down with, it could easily break the last lower low. So will be looking out to see if price has strong rejection from entry area, if so, a retest of that up candle would be the ideal entry.
Long
by manudimamdo
USDJPY SETUPUSDJPY 15M Interesting setup on both sides, whichever that pends out first. Prices tapped onto a H4 demand zone, propelling a buy-side move into a H4 supply zone, which made a sell-side move as well. We will be looking to trade the immediate moves on the lower timeframe if the setup is still valid for us to monitor later on. Understanding how prices break structures, leaving behind unmitigated areas for us to catch an entry towards a specific target is important in intermediary movements like this. If you're unsure, skip this trade.
by SharkAcademy
XAU/USDIt's been a few hours since the NFP release, which pushed price up over 250 pips within one hour. Looking like price might have been pushed there for the institutions to mitigate out their previous buy positions. If that's the case, looking for price to drop from where it is now for at least 150 pips, and could potentially come down a lot lower to take out the equal lows sitting further below. On the other hand, price is still extremely bullish and could easily take out stoploss very quickly targeting the equal highs above, so will use good risk to reward and see how the market unfolds.
FX:XAUUSDShort
by manudimamdo
9
XAU/USDGold that has been creating lower highs and lower lows on the daily, has retraced to a LH and bounced strongly off the last recent institutional candle. Looking for gold to continue its way to the downside, reaching the target areas below. Looking for it to make a new lower low taking out the liquidity below, also filling out some areas of imbalance. Two potential entry areas price may reject from for a SELL trade at 1790.80 and 1793.65 (0.786 and 0.88 on the fib). Low risk, high reward trade setup. There's also great potential the trade can break past the stoploss area as there are target areas there too that price may want to come to. If that happens, will then look for potential trade setup in that area.
FX:XAUUSDShort
by manudimamdo
1
WINUSDT 5th wave upHello traders. My wave counter is indicating the start of the 5th wave break out on the 4hr. The yellow line is the quickest and is for individual/sub-waves counts, the green line is for each completed 1,2,3,4,5, the red line shows the whole structure. The yellow line will show when to exit and when to place buy/sell orders etc. We had a short two-wave correction which has created a longer 4th wave correction. Price briefly created a double bottom, broke the line captured some liquidity, and has moved up. Target is an unchecked price imbalance, which I call a naked imbalance. I'm suggesting the price will return to that point and collect trapped longs. The two-period RSI is above 60 and is in the buy zone. Targets on the chart and as always good luck!
Long
by Avery_Upton
6
XAUUSD TRADE IDEAPrice creates liquidity from clearing equal highs at around $1750, following the double bottom formation formed at $1680, which created liquidity from a 450 pip stop run after clearing equal lows from 8th March. Price balanced out the previous imbalanced bearish move to $1680, and a bullish move to the liquidity sitting at around $1750 followed shortly after, as expected. Now I expect the price to retrace back to around $1700 to clear the imbalance created by the last bullish move. This anticipated direction also supports my bullish bias for DXY, which I expect to retest near the 92.900 level.
OANDA:XAUUSDShort
by kojemagan