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Imbalance

BTC using probabilityHello Traders and Analysts, A Note before reading - this is a forecast quick analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. See previous analysis here : Master Key for zones Blue = Monthly Purple = weekly Red = 4 Days Yellow = 16 Hours Orange = Daily Dark Green = 8 Hour Grey = 4hour Pink = 1 hour Below is an explanation of the imbalance/inefficiency zones based upon the original analysis view. 1. Zone 1: The daily zone is where price will be looking at a test of the order block based on how the mark flows between imbalances to create the range. The current week has seen a sharp outflow of movement away to keep shorts flowing to keep the imbalance moving towards the zone of $42,000. This redistribution of wealth is the transfer from impatient to patient buyers, liquidity to show bears opportunities to 'shake' Bitcoin wallets out to create a new engineered low. 2. Exactly the same development but making further lows to around $37,000 - $39,000. This zone will be a 'full retrace' upon a daily Fibonacci standpoint, however this is where the imbalance lies. 3. The true imbalance remains at $28,000 . - see BTC VS yields for this information. Monthly Imbalances Below are the monthly imbalances, where price has now created a monthly imbalance using the close of the high. Price has created a nice area which has broken down to the weekly imbalance zone . The main structure here is dependant of the pivot points upon the price closing in the zone where BTC can retest the monthly highs, creating a lower high. The probability of these occur where price breaks using the Fibonacci rules as a second strategy. Here is the probable paths where price can show Fibonacci rules are still in formation on the weekly chart: The structure is in a corrective phase here where the imbalance created will now offer an opportunity for buyers to look at the fractal zones where imbalance wicks align nicely at 61.8%. If looking to buy, confirm the buy is active with confirmation. 16 hour chart Here is the 16hour imbalances which breakdown the imbalances to show in a smaller trading session - this timeframe removes further noise and solidifies the inefficient imbalance of the supply and demand strategy. The 16hour here shows the 40k is a great area where the price has a high probability of becoming a rejection fractal. This zone here is a completion of a higher time frame fractal. Combined with the Daily imbalance Using the Fibonacci tool - the daily level shows us the 50% and the 61.8% retracement zones. Looking at the 16 hour, the zones align. The corrective process here shows a good opportunity for buying opportunities to the patient. BTC VS VIX The Volatility index is always an interesting measure, where the Vix Screenshot below to show the monthly relationship of the price closing. The volume profile added to the Vix shows here where; orange = value area up Blue = value area down *showing the buyers, sellers upon the imbalance of the newly all time high. As described on the chart - the key zone here is the correction which aligns on the 2 week imbalance rectangle where price can revert to to provide a key positional move upwards to continue the buyers imbalance. US Treasury volatility - not to be ignored by Crypto: Using Yields and the Volatility index to provide further evidence. Be aware of the Yields of the US05 - US20 Year, this can impact the indexes also which will impact the imbalances of Crypto currencies. BTC vs ETH: Notice the imbalance pattern? Do you enjoy the setups? Professional analyst with 5+ years experience Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXI
COINBASE:BTCUSDLong
by LupaCapital
6
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
NZD JPY Imbalance awaits. Hello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged short, due to the long term structure offering a reactional level upon the imbalance. Price is still creating higher highs and completing the sequence to create a "fresh level" but in actual fact this is an imbalance. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Previous update - Master Key for zones Blue = Monthly Purple = weekly Red = 4 Days Yellow = 16 Hours Orange = Daily Dark Green = 8 Hour Grey = 4hour Pink = 1 hour NZD JPY Monthly imbalances Using the monthly time frame, it is clear to identify the buying imbalance and selling imbalance here. At this moment in time, there is no opportunity to sell as price has not yet reacted to the zones in place. The monthly wicks also highlight a great opportunity where the imbalance is strongest within the wick zones around 81.30- 84 JPY established. While this zone is a large trading gap - the best imbalances for price levels to work from here is on the weekly, daily. Second to this, the monthly test occurring back in March 2020 created an imbalance low, whereby the yen was showing strength from a fundamental perspective of the safe haven. The low of 59.3 NZD to JPY was a structural low point where price indicated two key criteria; 1. Informing to positional buyers that the sellers have taken over the daily and weekly imbalance to create correctional move. 2. The key zone here is price hitting a monthly imbalance block at the structural low using the three month chart* what is evident here? The imbalance perfectly aligns here as price touches the price close on the three month as assigned on the far left with the green arrow. The second fill which occurred January 2020, touched the same zone between 59.30-59.50 NZD JPY. Price had to reverse from here, this is how the imbalance fill works where price perfectly reacts of a pivot point. Three month chart* Monthly chart Weekly imbalance plan From a weekly perspective, there has been a great opportunity to buy in for the positional buyers and within the 68.00 - 69.80 zone. There reason for this zones important is due to two reasons; 1. Price aligns with the weekly low referring to June 2016 imbalance sell rejection. 2. When forming a rally, base rally, or in a market shift 'poising' for a bullish continued market structure, the crucial aspect here is to understand the trading range on the daily and weekly timeframe where the maximum to the pip top of the range identifies with the 71.96-72.00. The significance of this here is purely the closing out of the fractal pattern completing the cycle . Screenshot two - Fractal completion. This shows the clear pattern that price will be 'broken' to create a new high here. I. The low has been confirmed by the previous weekly touch of the candle wick high. - this nets off. II. The body low has been netted by the wick high. Fibonacci pathway Using the daily timeframe, the application of the Fibonacci can be used here to plot next moves for entry areas in conjunction with the higher time frame to use the price path to reach the desired targets. Using the imbalance and Fibonacci tool also assists with trade management in terms of open interest fee's and furthermore exposure in short term trend shifts. The outcome from the Fibonacci extension tool. This has been used for demonstration purposes for the analysis, however the technique in place here is how the top down analysis is predicted and executed. Daily imbalance levels The levels are clearly identified, using the main criteria from the monthly and weekly imbalances. The levels on the daily take time to develop. Plot and assess upon price volatility and also the probability of the trade shifting direction , or in some cases, long term - dependant of the imbalance cycle* Understanding the cross pairs and correlation between commodity pairs The first chart shows the weekly and monthly using the commodity pairs: AUD JPY & CAD JPY in conjunction with NZD JPY. The pattern of the correlation is clear - these pairs are heading towards imbalances. The second chart provides key data for the weekly and monthly using the major pair currencies* GBP JPY is considered a minor pair - but with the correlation of XAU and commodity pairs the GBP also is a major pair so in this case with considered, it is analysed for the performance. Using the cross asset of NZD JPY vs XAU USD, while cross referencing VIX and US 10 year yields. The basis behind this, is to use the risk based approach of the NZD being a commodity currency where a produce of Gold and the correlation between the strength of the NZD and XAU in a 'risk on' approach. Particularly for the NZD using the imbalances as reference points. The use of variable instruments of the VIX and 10 year US yields are due to the 'risk off' scenario plan. Note; I VIX and 10 year - spikes in session Fundamental decisions do not necessarily result in a 'jolt' in the price on every occasion. This opens the door to a strong positional buying opportunity and openness to credit risk take on. II. The capitulation waters here on the economic cycle is ever present where buyers and sellers in the short term are profit taking and engineering liquidity from the transfer from the impatient to patient traders. Volume profile: Here is an important level at the monthly and weekly imbalance. Notice the sell volume taking over . Do you enjoy the setups? Professional analyst with 5+ years experience Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support.
Short
by LupaCapital
2
US OIL - Weekly imbalance still activeHello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. A bullish scenario is needed, as well as a bearish , this is a game of patience. For further charts - refer to the previous analysis with cross asset screenshots Master Key for zones Blue = Monthly Purple = weekly Scarlet - Four day Orange = Daily Magenta = 8 Hour Grey = 4hour Pink = 1 hour Monthly Imbalances Price has currently filled a monthly imbalance, with a new fresh imbalance zone awaiting price action to occur. The probabilities are strong here for price to enter into this zone, purely based on the candle wick which has been confirmed from February 2021. The wick on the lower time frames has provided evidence of this reaching a fractal point at $59.20 per barrel. . Price had created an engineered low, for the shakeout of the sellers who are looking for sells of the fresh "high". Note, on the daily, the trend line is well respected with the three soldier candle pattern 'identified as a sell off", however, this is a perfect opportunity to add a long. The monthly imbalance - is still showing the respective low as explained above. The price of oil has continued to show it's strength reaching the next liquidity wick fill at $66.34-54. Now, the next important imbalance zone is yet to be breached and tested. Price can now create a fresh test of the monthly chart, applying as to what the structure on the monthly is showing is, the price can have a high probability of moving back to $60.00 - $62 zone to create a solid rally base rally formation setup. s3.tradingview.com Weekly Imbalances applied: Bearish Weekly Scenario: Where price is now entering a fresh imbalance - this is a great opportunity to close out long positions which have been held in a shorter run up or simply close out profits to de-risk and transfer the risk by offsetting shorts. Why? - Simply put, fresh zone is a clear opportunity for the imbalance to occur. The imbalance will be closed out and the market structure will offer a new opportunity. Price can dramatically collapse again with a strong supply, however where price is still showing "long". Oil can be sold off to weekly imbalances or in a worst case scenario to the below Blue, monthly imbalance. Weekly Imbalances - still active zones. The Weekly imbalance provides a good indicator her where price can create a weekly supply or sellers imbalance as the zone is a fresh touch. The probability of price retracing from the newly created high, is a strong possibility. However, as there is a zone higher, Oil can still use this imbalance as a base, to create strong price action floating within a range of $67-60 per Barrel. Look into the smaller time frames for pivot points assessing the risk of entering a trade. s3.tradingview.com Eight hour Fibonacci, imbalance Below are the eight hour imbalances, where a great structure has taken place to provide an opportunity for the base to built upon. The imbalance here will attract the short sellers and scalpers and hedged sellers to cover longs. However the 50% retrace zone aligns perfectly to a strong indicator of where Fibonacci lines mock up a solid alert to monitor the minor inefficiency taking place here. however be aware for the weekly zone below this is only a short term hedge for buys to capture both sides of the trade. Price will have a high probability to fall towards $58-59 per barrel. Daily imbalance - for a simplified view Again the imbalance of the monthly aligns with the daily low, so take into account here a inflow opportunity for the building up of a buying imbalance at around $59-60. XX then initiate a buy order. Understanding the context behind Oil with the "disastrous" negative price of the Oil futures crash. 2020-2021. We have seen a nice impulse into the channel and a rejection upon reaching the trendline at $53.00 Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure to the crisis of Oil supply being heavy weighted in comparison to the demand . The spike to zero was the abundance of supply which effectively the storage supply became over saturated and "worthless", the May contracts were not accepted for physical delivery and the paying for the delivery took place to prevent further storage. This imbalance was created in which created the impulse. Price re-established itself with $30-36 zone for a further imbalance where price will now look to as a strong demand for price engineering if needed. See the charts here - Understanding the Fundamentals behind the Supply, Demand & Future Supply through inflation of cause and effect. Oil prices and levels of inflation are often seen as being connected in a cause-and-effect relationship. Simply put with oil current at $66.00 per barrel, as oil prices move up, inflation—which is the measure of general price trends throughout the economy—follows in the same direction resulting in a higher overall price. Keep in mind, as the price of oil falls, inflationary pressures start to ease. Producer Price Index This is a measurement of the rate of change in prices of said commodity , where the change in prices of the products sold is measured by the producer. The exclusion of Tax, trade margins and transport cost which are all variables a buyer of a physical will have to burden. The PPI is a average movement of price, which are subsequently tracked by the economic indicators dealing with the price fluctuations end users have to pay at the end of the supply line. Below is the inflation ETF vs Oil - providing some crucial cause and effect over the future supply of Oil and where price is overall moving towards, again use inefficiency in the market. Do you enjoy the setups? Professional analyst with 5+ years experience Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support.
Editors' picks
TVC:USOILLong
by LupaCapital
18
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
XRP - Daily positional updateHello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Update to original here: Previous tracking here: ** Price has rejected the Imbalance at $1.49 and successfully filled the candle wick - up we go! ** Master Key for zones Blue = Monthly Purple = weekly Scarlet - Four day Orange = Daily Magenta = 8 Hour Grey = 4hour Pink = 1 hour Below is the outlined top down analysis for the XRP update. Please read and understand the imbalances and take into account the possible zones for new buys, sells, keeping in mind the imbalance in play - currently - long/bullish. Monthly imbalances: The three identified zones are in place here to provide the key areas for where price will look to consolidate before the continuation pattern completes. Price has now broken through the monthly zone . The price will now look to tail off to fall back between $1.21 - 0.84. The price here has been creating higher high with the closes on the monthly candle. The information here price has been informing imbalance buyers is that the big opportunity here is clear to gear up for a buying imbalance. The weekly imbalances The weekly zones are outlined and sit above the monthly, as these act as reversion points for the buying and selling imbalances. The very strong imbalance between $0.26-0.24 shows the great opportunity for longs only, it was just a case of buying in, and when price reverted back to test the low as these newly established trading ranges offer. A clear opportunity to add is recognised here - *subject to higher timeframe whereby closes are filling the wicks and rejecting the monthly. Putting the four day and weekly chart together with reference to the price finding an inefficiency on the weekly time frame - the pattern formed showed strong wicks and reversals occurring as price action takes affect. The inefficiencies here are tested but the sellers are now removed and buying imbalances are in place. There has been great opportunities to short from the weekly imbalance to maximise potential upon hedging or purely aggressively selling from +$0.60 zone as the weekly pattern completed. Conversely, this is short lived as the fresh zone is always retested with XRP as the higher weekly lows show a steady formation. Two key criteria to follow here: I Price has placed a key weekly whipsaw effect from the initial formation of the price inefficiency. II The consequence of this pair being the most liquid is testing the previous imbalance upon the motion of a risk scenario where price becomes a controlled shift of price inefficiency. The monthly reference here shows four candles of interest whereby consecutive months have resulted in large wicks where price has created the imbalance required. Cross asset analysis: Using the weekly time frame, XRP is lagging behind the two correlated pairs - however is offering large scope for new zones for smaller imbalances. OMGNetwork - Black Tezos - Green These two coins move with a very strong positive correlation - whereby price Fibonacci retracement tool - zone alignments The two outlined zones are clear indicators of where shorts will be good areas to take profits if you so wish. And also additional buy points. Price will need to close in the desired zone and infill the imbalance upon the four day, weekly timeframe* use these as references. Do you enjoy the setups? Professional analyst with 5+ years experience Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support.
BITSTAMP:XRPUSDLong
by LupaCapital
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
SPX - 4K!Firstly, congratulations to all long term buyers who hold SPX or a variation. Previous Bullish analysis here See the First 2021 forecast here Monthly imbalances While the 4K is a newly created all time high, the imbalance will now become a great area to exchange price action between the buyers and sellers. Price has now created the interesting inefficient pricing leaving a long imbalance short effect, this will require patience while the sequence is completed for the Selling imbalance to take place. The Weekly imbalance as shown on the current chart represents a new imbalance where price will look to revert to as an area of discounted buying. Where are we with the Inflation ETF - RINF VS SPX? An update below shows the positive correlation still maintaining structure. Note- The Fibonacci sequence here shows the RINF - but the completion sequence aligns with 4,200+ zone. EEM vs SPX update What does the emerging markets show us? Well the imbalances are within the same as the US market, but the economic recovery in terms of imbalance price driving in the EEM - shows that whilst fundamentally there is more volatility . The activeness of these markets provides a telling Fibonacci extension target is not to dissimilar along with the SPX. Beware of XAU, XAG - currently lagging behind upon a large correctional imbalance move as inflation remains low, plus the imbalance zone not ready yet for action to be taken. XAU vs SPX Do you enjoy the setups? Professional analyst with 5+ years experience Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support.
TVC:SPXLong
by LupaCapital
1
EUR USD - trade updateHello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Master Key for zones Blue = Monthly Purple = weekly Orange = Daily Magenta = 8 Hour Grey = 4hour Pink = 1 hour See the original idea here: Updated idea here Euro USD monthly imbalances These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a psychological level of 1.25 to be a structural level for the Euro against the Dollar. The monthly wicks also highlight a great opportunity where the imbalance is strongest within the wick zones around 1.235XX. Second to this, the monthly test occurring back in January 2021 created a lower high, informing to positional buyers that the sellers have taken over the monthly imbalance and have created a weekly imbalance zone where price will use as a discounted zone. Breakout traders will be looking for a quick scalp and also hedging traders will be in place here. Euro - Weekly imbalances The weekly and monthly imbalance are both here within the same zone, therefore the zone is marked with a monthly inefficiency zone. Looking at the weekly it is clear this zone is a strong imbalance zone where just like the USD JPY - the monthly zones have shown a great amount of respect. Subject to the weekly higher low which took place, the hammer signal here on the weekly indicates a great opportunity to understand that the sell off is beginning. EURO Daily and Weekly chart side by side Using the daily and weekly structure – the move was identified early – with reference to the price finding an inefficiency on the monthly time frame, referring to the high firstly at 1.254XX. Why will traders look to sell here? – It is a simple buy trap for retail traders and scalpers. Traders in the short term can win big and of course anything is possible in trading. The pattern which has clearly emerged though from my analysis shows I Price has placed a key weekly whipsaw effect from the initial formation of the price inefficiency. II The consequence of this pair being the most liquid is testing the previous imbalance upon the motion of a risk scenario where price becomes a controlled shift of price inefficiency. The monthly reference here shows four candles of interest whereby consecutive months have resulted in large wicks where price has created the imbalance required. snapshot US Bonds yield curve, accelerating the USD first U.S. bond yields gauging performance of the U.S. stock market, thereby reflecting the demand for the U.S. dollar in subsequence. Where investors move away from stocks and other high-risk investments, the new increased demand for “less-risky instruments” such as U.S. bonds and the safe-haven U.S. dollar pushes their prices higher against respective pairs. However, when it comes to the EUR USD - the Euro will show its weakness with the Remember: A rising bond yield is dollar appreciation. A falling bond yield is dollar devaluation snapshot Mirrors Edge EXY Vs DXY - looking here at the Euro Currency Index and the Dollar Currency Index, price has established some very defined levels - which have been marked in Purple - Refer to Master key for zone colours. With the impact of the DXY - the jaws are looking to close here, from a technical standpoint clear fresh movements are foreseeable with the probability of positional holds for Dollar buys and Euro sales based upon the chart. So long as price reverts back to a clear higher low formation on the EUR USD and respectively on the EXY with the DXY creating a defined point of higher lows, then the holds are clear to the imbalances stated. snapshot Correlation: USD CHF - Green Look closely on the weekly imbalances - where price has created two opportunistic weekly imbalances where profits will be taken . USD CHF will a an inverse trade, however taking this can double exposure so ensure one pair is traded here. snapshot Trade update: Probability for the next trade using the eight hour time frame. Do you enjoy the setups? Professional analyst with 5+ years experience Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support.
Short
by LupaCapital
1
GBP JPY - Buy updateHello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Scarlet - Four day Orange = Daily Magenta = 8 Hour Grey = 4hour Pink = 1 hour See the previous analysis here Original buy here. Monthly imbalances: Price has rejected the previous all time low of GBP JPY. It is important to note here as to why this area on the low is so significant. This zone is a powerful buying zone for positional holders like us for two reasons; 1. - Price is clearly making lower highs 2. - The monthly wicks are closing bullish - suggesting the zone is a fractal buying imbalance - with clear evidence of a engineered liquidity wick rejection. Weekly Imbalances The reason for buying in at this level is simply due to the imbalance being filled on the weekly at 140.5-70, this zone was the top of a trading range where patience is required here for a Fibonacci retracement back to 137 zone. Upon a rejection to 136.80+ a buy would be prominent. Keeping the outlook in perspective is the key to buying on a higher timeframe, more aligns and there is less noise to worry about regarding reversals, trading ranges. The reason behind the entry point here at 137.80 The monthly and weekly imbalances above the buy zone at 136.69 are geared for longs as the imbalance is yet again filled. Daily Imbalances: Now that 152 target has been reached - this is now in a weekly and daily imbalance where price will look to use the previous daily and weekly former imbalance to create a range for one final push into the next zone . From here price will be monitored watching the all important weekly imbalance at the top of the structural move. The daily imbalances in have been patient levels to signify buys. - Previous analysis has provided clear indicators as to why these are buying opportunities. Price will fluctuate back to a low of 148, to regain liquidity measures and false breakout the sellers. Profit taking As mentioned in the previous analysis 150, 152, 154 are even numbers to take partial profits. From this trade, profits have been taken leaving a small ending balance to follow through with smaller imbalances maintaining the open interest swaps. Cross correlations between GBP USD, XAU USD The price chart here signifies what GBP USD is doing, where the dollar is correcting against the pound from an imbalance level at 1. 40 - price is now in a correctional phase, awaiting a buy move, therefore GBP JPY with a strong inverse, is also experiencing the same inverse phase. Current cross analysis Here is the current analysis using the four day view and the monthly chart to see the rise of the Pound Sterling against the cross pairs as aswell as the correctional move for Gold. Data Range shows entries Do you enjoy the setups? Professional analyst with 5+ years experience Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXI
Long
by LupaCapital
1
USD JPY - Rollercoaster updateOriginal idea is here; or a full breakdown. Quick analysis to understand why this trade was taken and how it was analysed. Monthly imbalances for USD JPY These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a psychological level of 100.00 to be a structural level for the USD. The monthly wicks also highlight a great opportunity where the imbalance is strongest within the wick zones around 100-102. Second to this, the monthly test occurring back in January 2021 created a higher low, informing that the buyers have taken over the monthly imbalance and have created a weekly imbalance zone where price will use as a discounted zone. Daily Fibonacci Currently price is heading to -0.272, before an opportunity for the trend in most scenarios to take a breather, where price will look towards the 8hour imbalance zone. Price has become bullish with a mounting risk of the VIX and the safe haven of both the USD and JPY. The technical aspect here is price will need to engineer a long movement so when coming to a pivotal point on the Fibonacci extension target, price will react here, allowing discounted buy opportunities. Weekly structure forming of the monthly imbalance Entries: Do you enjoy the setups? Professional analyst with 5+ years experience Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXI
Long
by LupaCapital
2