GOLD SELL 1HR TIMEFRAMEThere is Order block on 1hr timeframe with imbalance that just got filled, break of structure to the downside, and trend line breakout and retest too. A lot of imbalance to be filled 1880-1905
Imbalance
AAVE's Bullish Pattern🌊AAVE is making waves, and it's not just another ordinary move. It's showcasing a powerful bullish pattern that suggests it's on a mission to dominate the buy side liquidity like a conquering force. The initial target in its sights? $133, and it seems to be approaching this objective with unwavering determination. 📈🌊
The Bullish Pattern Unveiled:
AAVE's price action has unveiled a striking bullish pattern that's capturing the attention of traders and investors alike. This pattern signifies a strong upward momentum, and it's not something to be taken lightly. 📊🚀
Aiming for Liquidity Domination:
What's even more fascinating is AAVE's clear intent to take over the buy side liquidity. This means it's strategically working to clear out buy orders above its current levels, creating a path for further price advancement. 🧭📈
Initial Target: $133:
The first milestone on this journey appears to be the $133 mark. AAVE is seemingly determined to reach this level, and it might not stop there. 🎯🚀
Trading Strategy:
Observation: Keep a close eye on AAVE's price action and the progression of this bullish pattern.
Risk Management: As always, implement risk management strategies to protect your investment, especially in the volatile crypto market.
Fundamental Awareness: Stay informed about AAVE's fundamentals and any news that could influence its price.
Conclusion:
The cryptocurrency market is known for its fascinating patterns and explosive price movements, and AAVE seems to be aligning with this tradition. While patterns can offer insights, they don't guarantee outcomes, so it's essential to trade wisely and adapt your strategy to the dynamic nature of the crypto space.
AAVE's determination to dominate buy side liquidity and its initial target of $133 are compelling signals. As you navigate these exciting waters, stay vigilant and informed, and may your trades be prosperous.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
XAU ShortsI took shorts this morning and ill explain why...
Fundamentally the us index was looking positive.
I noticed on the higher time frame that XAU has been at a steady bullish run since last Friday.
Using wyckoff schematic on the 4hr, taking time and price into consideration, I made the ultimate decision to take my chances on the short for a 1:3 and 1.5% ROI
USDCAD BUY 1HRBuying USDCAD at 1hr order block where there is also imbalance (1.35919). Targetting imbalance on daily timeframe (1.38168). Making trade risk free at 1:1 rr (1.36282)
ADBE - Good 'Ol Head & Shoulders ADBE is forming a Good old classic Head and Shoulders pattern at the top.
I would wait for the that tiny little gap to fill on the top and build short position.
Short Entry between 535-540
Downside Target#1 - 440
Downside Target#2 - If you are really lucky, 395
GOLD BUY LIMIT There is trend line liquidity. Trend has broken up and retested. Waiting for price to reach order block where there is imbalance too before buying (1822.8). Target is where there is big imbalance on 1 hour timeframe (1850). Will be making trade risk free at 1:1 rr.
Trading Fake Breakouts ! Real ETH Move UP The Art of Trading Fake Breakouts:
Fake breakouts occur when an asset's price appears to break a significant support or resistance level, only to quickly reverse in the opposite direction. They can be frustrating but are also opportunities in disguise.
Ethereum's Triangle Pattern:
As of late, Ethereum has been forming a triangle pattern, a classic setup in technical analysis. Typically, traders expect a breakout from this pattern to signify a strong directional move.
However, here's where the twist comes in. I'm keeping an eye on a potential fake breakout scenario where Ethereum might appear to break below the lower boundary of the triangle. This could trigger panic selling among some traders, leading to a sharp dip.
The Real Growth Opportunity:
Now, here's the interesting part. This fake breakdown could be a prelude to a genuine price surge. After shaking out the weak hands, Ethereum might reverse course and embark on a true upward journey.
Trading Strategy:
Patience: Don't rush to trade the initial breakdown. Wait for confirmation that the move is genuine.
Confirmation: Look for clear signs of a reversal, such as strong buying volume and price action back above the triangle's lower boundary.
Risk Management: Always employ risk management strategies, like stop-loss orders, to protect your capital.
Research: Stay informed about Ethereum's fundamentals and any relevant news that could impact its price.
Remember, trading fake breakouts requires keen observation and a calm demeanor. It's about navigating market psychology and seizing the opportunities that arise from the panic of others.
So, stay vigilant, be patient, and keep an eye out for the twist in Ethereum's tale.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
GbpUsd Is Otw Back To 1.23xx Level Minimum
Yesterday I entered long for GbpUsd. The R:R is quite good. Min 1 to 2.
Whenever price hit the imbalance zone of 4 hours chart I plan to take 50% off from the market and leave nother 50% at break even and let the market unfolds.
Who share the same thought?
Trade with care. Don’t jump in. May the pips be with u. Happy weekend.
Weekly Imbalance Filling for CHAINLINK 🚀💼In the ever-evolving world of cryptocurrency trading, recognizing unique opportunities is essential for success. One such opportunity that often goes underappreciated is the concept of weekly imbalance filling. In this post, we'll dive into what weekly imbalance filling means and why it's crucial, especially for assets like LINK, which hold significant growth potential.
Understanding Weekly Imbalance Filling: A Hidden Gem
Weekly imbalance filling refers to the process of fulfilling previously unmet market orders, typically those accumulated during weekly price gaps.
These gaps represent levels where market participants have unexecuted orders, creating a potential catalyst for price movements.
Why It Matters: The LINK Perspective
Chainlink (LINK), known for its innovative decentralized oracle network, is an asset with substantial growth potential.
Recognizing the power of weekly imbalance filling can be especially beneficial for LINK traders and investors.
The Potential Benefits: LINK's Growth Catalyst
Filling weekly imbalances can act as a strong catalyst for LINK's price appreciation.
By addressing these gaps, the price often experiences upward momentum as market orders are executed.
How to Leverage This Opportunity: A Game Plan
Identify Imbalances: Use technical analysis to locate weekly price gaps or imbalances on LINK's chart.
Monitor Closely: Keep a close watch on these levels, as they may serve as key turning points for LINK's price.
Trading Strategy: Develop a well-thought-out trading strategy that incorporates weekly imbalance filling as part of your decision-making process.
Risk Management: Always employ sound risk management practices to protect your capital.
Conclusion: Seizing the LINK Opportunity
In the dynamic world of cryptocurrency trading, it's crucial to stay vigilant and explore all potential avenues for profitable opportunities. Weekly imbalance filling represents one such avenue, and when applied strategically, it can serve as a powerful catalyst for LINK's growth.
Chainlink's unique position in the blockchain ecosystem and its ongoing development make it a prime candidate for benefiting from this phenomenon. By understanding and harnessing the potential of weekly imbalance filling, traders and investors can position themselves for success in the LINK market.
Remember, while this strategy holds significant potential, it's important to combine it with comprehensive analysis and disciplined risk management for a well-rounded approach to trading LINK. 🚀🔗🚀
❗See related ideas below❗
Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚📈💚
EURNZD BUY 1HRYou can see Order block and imbalance on 1hr timeframe. Buy limit entry has triggered targeting 1.79301 where equal high liquidity should be swept. at 1:1 rr i will make trade risk free at 1.77792
NZDCAD BUY RUNNINGTargeting imbalance. Liquidity swept double bottom. Lines up with my fib retracement tool as well. Will be taking partials at first target 0.80591
Can Bullrun Start Without Gap Fill? 🌄🕳️ The Gap Dilemma: Price gaps occur when there's a notable difference between the closing price of one trading period and the opening price of the next, often seen on the charts as a "hole" in price action.
🔍 Gap Filling: Traditional market wisdom suggests that gaps tend to get filled, meaning that the price revisits the gap area and trades within it. In Bitcoin's case, this could mean a retracement to fill a previous gap before further upward movement.
📈 Historical Anomalies: Interestingly, Bitcoin has shown a tendency to defy this norm. In its historical price data, there have been instances where significant bullish trends started without revisiting or filling previous gaps.
🌐 Market Sentiment: Bitcoin's behavior often reflects overall market sentiment. If there's overwhelming bullish sentiment, it might bypass gap filling and initiate an upward move.
🚧 Caution Required: While Bitcoin's past actions might suggest the possibility of such scenarios, it's important to approach each situation with caution. Market conditions can change, and historical patterns don't guarantee future outcomes.
💡 The Takeaway: Bitcoin's unique nature means it doesn't always conform to conventional market expectations. While gap filling is a common phenomenon, the cryptocurrency has demonstrated the ability to start bullish trends without revisiting these gaps.
In trading and investing, adaptability and a comprehensive strategy are key. Keep a close eye on market sentiment, technical analysis, and news developments to make informed decisions.
Remember, there are no absolutes in the crypto world, and flexibility in your approach is your greatest asset! 📊🚀
BITCOIN IMBALANCE : March 2023 Fractal Today, we're delving into one of the essential aspects of trading - imbalances. This concept can be your trusted ally in navigating the dynamic world of cryptocurrencies. As an example, let's consider a situation from March 2023 when we experienced a drop due to an imbalance, followed by a retest and a continuation of the upward trend.
💡 What Are Imbalances? Imbalances occur when there's a significant disparity between supply and demand in the market. This can lead to rapid price movements as the market seeks equilibrium.
📉 The March 2023 Scenario: In March 2023, Bitcoin saw a significant drop, which many attributed to a market imbalance. However, what followed was a crucial moment. Instead of a continued decline, there was a retest of lower levels.
🔍 The Importance of Retests: Retests are pivotal events. When an asset retests a previous low or support level and manages to hold or bounce back, it often signals a shift in market sentiment. In this case, it marked a potential end to the imbalance-induced decline.
🚀 The Resumption of Uptrend: After the retest in March 2023, Bitcoin started to climb again. This example illustrates how imbalances can be opportunities for traders, especially when combined with a thorough understanding of market psychology.
🔮 The Future Awaits: Imbalances are just one aspect of the intricate cryptocurrency market. While they can provide valuable insights, always conduct proper research, and consider other factors before making trading decisions.
In conclusion, understanding imbalances can be your compass in the crypto world. By recognizing their presence and closely watching retests, you may identify potential turning points in the market, just as we saw in March 2023.
Stay vigilant, stay informed, and remember - in trading, imbalances can be the precursor to significant opportunities! 🌐💰
GOLD /XAUUSD SHORT 🔰 Pair Name : XAU/USD
🔰 Time Frame : 1H/4H
🔰 Scale Type : SMALL Scale
🔰 Direction : SELL
📈 Gold Analysis for Today's Trading Session 📉
Hello Traders! 🌟
Yesterday's US JOLTS Job Openings data release had a notable impact on gold prices. 📊 The precious metal managed to cross the crucial Fibonacci Level of 50% despite facing some negative pressure. ⚖️
Today, our focus is on the potential price movements in the gold market. 🕵️♂️ It's quite likely that we might witness a corrective move downwards, aimed at tapping into the liquidity below. This move could potentially be a strategic attempt to refill approximately 50% of the market imbalance. ⚙️
However, keep a close watch on the upcoming ADP employment data release scheduled for later today. 📆 This data could play a pivotal role in influencing gold's trajectory. Depending on the ADP data's impact, we might observe gold extending its downward movement. 📉 It could either retest the Fibonacci Level of 38.2% for a strong support test, or in a more bearish scenario, head straight towards the prominent Fibonacci Level of 61.8%. 📉📊
As always, it's essential to trade cautiously and manage your risk effectively. 🛡️ Market movements can be unpredictable, and staying informed about fundamental data releases is crucial for making informed trading decisions. 📈📊
Best of luck on your trades! 🍀📊📈
(Note: This analysis is for informational purposes only and should not be considered financial advice.) 💼🔍📊
EURAUD SELL. Strong push down to Level 1.66000My Idea on EURAUD is Simply a Strong Push to Level 1.66. Which the Structure have Currently Switch Bearish and we are Expecting a Pullback to Level 1.69731 Short to the Downside , a Good Selling Opportunity. Good luck. ❤ Like and comment ❤
GOLD/XAUUSD SHORT/SELL🔰 Pair Name : XAU/USD
🔰 Time Frame : 1H/4H
🔰 Scale Type : SMALL Scale
🔰 Direction : SELL
From a technical standpoint 📊, Gold has exhibited a sideward movement over the past two days. The recent price breakout to the upside appears to be a move aimed at filling the imbalance area left by last week's substantial sell-off. Our prevailing stance remains skewed towards a bearish outlook for Gold 📉. The key consideration lies in how extensively Gold retraces upward. However, we maintain reservations about Gold's potential to surpass the range of 1913-1933, delineated by the Fibonacci levels of 78.6% to 61.8%, which coincidentally aligns with the upper boundary of the weekly descending channel.
Shifting to the fundamental perspective 📰, an important juncture is approaching at 2:45 pm, marked by the release of the Flash Manufacturing PMI and Flash Services PMI news. Anticipating these events, we envision Gold ascending to approximately 1913.5, facilitating the replenishment of the aforementioned imbalance area, prior to the news release. Subsequently, a downturn is expected, propelling the price to revisit the daily support level 📉. This retesting phase would precede any substantial further upward or downward movement.
Remember, trading involves inherent uncertainties, and both technical and fundamental aspects must be diligently evaluated. Keep an eye on these developments as they unfold, as they will potentially guide our trading strategy 🕵️♂️📈.
EU forecast for the coming weeksHere I give all possibilities on the daily time frame and go into a bit of detail on how I'm looking at current price action on the 4H and 15 min timeframe
CADCHF LONG/ BUY🔰 Pair Name : CAD/CHF
🔰 Time Frame : 4H/ DAILY
🔰 Scale Type : MID Scale
🔰 Direction : Long/ Buy
📈 Comprehensive Fundamental and Technical Analysis Update 📊📉
Over an extended time frame, the prevailing price action underscores a consistent consolidation pattern, confined within the well-defined range of 0.6480 to 0.6610. Our perspective remains firmly inclined toward a bullish trajectory, in alignment with the unwavering determination of the Federal Reserve to execute a series of deliberate interest rate hikes. This strategic approach seeks to effectively counteract impending inflationary pressures, with heightened emphasis on the latter half of 2023. Anticipating a notably robust performance from the Canadian Dollar (CAD), contrasted by the comparatively subdued Swiss Franc (CHF), it is imperative to maintain vigilant awareness of potential interventions that the Swiss National Bank (SNB) might introduce, potentially influencing the dynamic behavior of CHF.
🛢️ Noteworthy is the imminent conclusion of the oil price retest phase, positioning it for a forthcoming upward trajectory. This element introduces an additional layer of complexity to our analysis. However, it remains pivotal to acknowledge the lingering potential for SNB intervention, which retains its significance in shaping the CHF landscape.
🔍 Elaborating on our recent correspondence pertaining to the CAD/CHF pair, a discernible disparity has emerged, prominently depicted on the daily chart. This incongruity serves as a fundamental facet within the operational framework of a robust market, as historical precedent underscores the tendency for such divergences to eventually reconcile, consequently fostering the accumulation of liquidity within the market environment.
Prudent and judicious decision-making should be exercised in your trading pursuits! 📈📉👍
USOIL/XTIUSD SHORT/SELL🔰 Pair Name : XTIUSD
🔰 Time Frame : 4hrs/ Daily
🔰 Scale Type : Long Scale
🔰 Direction : Short/ Sell
📈🛢️ Comprehensive USOIL Analysis Update: 📊📉
📉 Downtrend Break and Retest: USOIL has successfully breached its weekly downtrend line, signaling a notable shift in momentum. As we undergo the retest phase, remember that the market remains within a promising new uptrend, particularly from a fundamental perspective. 📈🛢️🔄
💡 Fundamental Considerations: Last week's release of Chinese inflation data casts a shadow on the pace of China's post-pandemic recovery. The Consumer Price Index (CPI) YoY saw a decline of 0.3% in July, indicating deflation within China. Given that China is a pivotal oil consumer globally, this scenario applies downward pressure on WTI prices. 📉🇨🇳
⛓ Supply Dynamics: Counterbalancing this, we observe supply constraints that could further elevate WTI prices. Saudi Arabia's decision to extend its voluntary oil output cut of one million barrels per day (bpd) through September, coupled with Russia's planned reduction of oil exports by 300,000 bpd for September, contributes to the supply-side equation. ⛽📉
🌐 OPEC and EIA Insights: Both the Organisation of Petroleum Exporting Countries (OPEC) and the Energy Information Administration (EIA) are optimistic about the global energy market in H2 2023. This sentiment is rooted in several drivers, including heightened summer air travel, increased oil demand for power generation, and rising petrochemical activity in China. The IEA anticipates a robust 2.2 million bpd demand growth in 2023, while OPEC forecasts a significant 2.44 million bpd production increase. 📊🌍
📊 Economic Growth and Revised Projections: A positive undercurrent also emerges in the global economic landscape, with OPEC revising its global economic growth forecast to 2.7% (from 2.6%). This adjustment is driven by impressive growth in the United States, Brazil, and Russia during the first half of 2023, exceeding initial estimates. OPEC's outlook for the following year stands at 2.6%. 📈💼📉
As you navigate these dynamic market dynamics, remember to implement robust risk management strategies and align your decisions with a well-structured trading plan. The interplay of factors makes for an intriguing landscape, and informed execution remains paramount.
ETHUSDT more dump or huge pump?Hi dear community members, my lovely and loyal followers, I hope you are fine and making good trades.
I haven't published analyses for 2 months coz I expected both #ETH to dump 1650-1700$ as I mentioned in my tweets/ which you can check on my previous publications.
BTW I warned about this dump back on June 24th when BTC price was 31500 and ETHER was 1940$ almost at the top/ but I didn't expect that ETH will go below 1650$ and hit my worst case scenario zone which I mentioned with RED-GREEN box.
I'm looking at daily timeframe and as you see ETH cleared/swept all SSL and felt all imbalances below 1810$, even it took out previous major swing low/EQL/ below 1625$ and hit daily bullish OB/FVG/BPR. If we measure the recent move from 2031 to 1492 it is 100% projection of previous move from 2146 to 1625$.
I'm sure ETH bottomed on August 18th at 1492$ and after some types of consolidation between 1500-1800$, which will last about 2-4 weeks, ETH will start its major impulse move towards 2500$ even higher. I marked upcoming move with pink line.
I also mentioned the most critical level on the chart /white line-1367$/, which has to be respected by bulls in the worst case to provide upcoming bullish movement otherwise game is over for bulls. Also as soon as ETH reclaims 1878$ level, game is over for bears and it will pump towards 2500$ even higher.
You can check my previous publication for BTC analaysis and upcoming movement
If you like my ideas, don't forget to like, comment, share, retweet and follow please. I will appreciate a lot.
Will BTC continue its dump or it'll surprise everyoneHi dear community members, my lovely and loyal followers, I hope you are fine and make good trades.
I haven't published analyses for 2 months coz I expected #BTC to dump towards 26.5-27K as I mentioned in my tweets/ which you can check on my previous publications.
BTW I warned about this dump back on June 24th when BTC price was 31500/ almost at the top/ but I didn't expect that BTC will go below 26K in any case we haven't seen daily candle close below it)).
Now I'm looking at daily timeframe and as you see BTC cleared/swept all SSL and felt all imbalances below 28.5K, even it took out previous major swing low/EQL/ below 24.7K and hit daily bullish OB. If we measure the recent move from 31,850 to 24.7K it is below 100% projection of previous move from 31059 to 24.7K.
I'm sure BTC bottomed on August 18th at 24.5K and after some types of consolidation between 25-28K, which will last about 2-4 weeks, BTC will start its major impulse move towards 37-38K even higher. I marked upcoming move with pink line.
I also mentioned the most critical level on the chart /RED zone/, which has to be respected by bulls in the worst case to provide upcoming bullish movement otherwise game is over for bulls.
#BTC 🟢 M15 LONG (Bitcoin). Long awaited failure 📣For more than one week, Sellers have been gaining selling positions... Although they haven't reached the main selling zone 32k. But there was an impressive sale .. and at the same time, grandiose discounts for 26.2K, who didn’t have time - he didn’t have time)
On the retest of the M15 imbalance near our D1 Buy Zone, we expect a hike up and a breakout of the long-awaited level of 31K.
Entry price below market opening price.(✔️)
M15 imbalance at the potential of the D1 range.(✔️)
Below the First Buyer of Exchange Options.(✔️)
According to CFTC futures reports, SHORTS prevail so far. 12851/14261 .(⚠️)
input: 26560 (on test/retest)
sl: 26223
tp1: 26898
tp2: 27566
Unlocking the Secrets of Price Inefficiency: Dive Deep into FVG👑Price inefficiencies are also known as imbalances, gaps or voids. Healthy price action moves in a zigzag fashion, making highs and lows in line with the directional bias at any given moment. When price isn’t trending we find it consolidates, in which case highs lows are still being made. However, we may also see price move in straight lines with huge volume and momentum. When this happens, price finds itself unable to deliver price in an efficient manner. For example, in a bullish environment, price may continue to make higher highs without providing higher lows at a discount price. When price moves with this much momentum, it leaves behind imbalances.
🟠An imbalance can be identified by open space in price action, where the wicks on either side of a candle do not match each other. On the left is an example of price inefficiency, since the wick high of candle 1 does not meet the wick low of candle 3, leading to an imbalance on candle 2.
🟠This is an example of healthy price action with no imbalances. This is because all candles have wicks on either side of them. Since wicks were bodies during live price action and are bodies on lower time frames, this shows that price was delivered efficiently to buyers and sellers in this area. Whereas the example above shows an imbalance on a bullish candle, which shows that price was only available to buyers in that imbalance and therefore is not efficient.
👉For price to be efficient, it needs to be delivered to buyers and sellers. This helps us understand that in our original bullish imbalance, price has to come back and fill that imbalance using bearish price action in order to make that price available to sellers. This re-balancing could take hours, days, weeks or years, but it is our job to understand that it must happen at some point. Inline with the rest of the strategy, we can use this knowledge to pick out the specific imbalances that will be filled and how we can capitalise on this.
🟠This is an example of the correctly identified imbalance and where we expect price to react from
🟠This is an example when is our level being met, it is at this point that we use the rest of the strategy and knowledge to capitalise on the move that is about to unfold with high risk:reward entries.
🟠This is the completion of this particular market cycle, with our level being respected and price giving us a nice bullish leg.
🔴Bearish Order Flow:
🟢Bullish Order Flow:
