Imbalance
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.
EURUSD - Imbalance to FillThe huge bullish run has left gaps that need filling, the price will move where money resides and lots of liquidity is trapped within this bullish move.
I would like to see an initial tease at the market open to lure buyers into the market before absolutely collapsing to the downside.
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.
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.
GBPJPYGang GBPJPY was called out on sunday and ranged up for a total of 150 pips, Shes now retracing back to the 50.00% off the fibb hitting the golden zone if we see more valid support then we could possibly see this climb higher and continue to take off, we need to see divergence which hasnt been shown to the upside as of now. hopefully you guys had gotten in at the entry where this trade idea was posted!
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!
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.
GBPUSD LongsGBPUSD high & low timeframes are providing a potential long position for the coming week.
What we have here is a market that is trapped between two large psychological levels - 1.4100 & 1.3800.
From a bounce at 1.3800 the market has been shifting direction from downside to upside with its momentum and a lot of liquidity sitting above 1.4000 could draw prices higher this week. I am looking for the market to move over 1.4000 and potentially push an additional 100 pips into 1.41000.
Right now I am focusing on the demand zone & key level 1.38750 for my entry zone to bring this market higher.
Trade safe & manage risk as always.
GBPUSD Long after order block mitigationLooking for GU to continue it's bullish trend after this 4HR order block is mitigated. I've refined down just to the 15min and will look for structure if/when the OB is reached.
Could go in blind order here with a limit buy order.
Entry - 1.38494
SL - 1.38420
TP - 13RR