USDCAD Trade Update | 30mThere was an opportunity for another entry printed today in the retracement.
Today the trade hit 60 pips in profit. The whole move has a chance of making 150+ pips.
I'll keep you updated.
Inducement
XAUUSD MID TERM VIEW | 1H We tapped into a 2WT zone which could lead to price going down but I have also another possibility in mind where two of my zones are nested. (a lot of orders prob lay there).
LQP = Liquidity Pool
Arrows = Inducement Points
2WT = 2 Way Trap
AUDUSD MID TERM VIEW | 1HAU printed a buy setup for me which I'm playing, currently scalling in.
Major inducement + HTF RBR mitigation + LTF 2WT
I don't really see AU going further down in the near future.
I'll be updating my AU view if something changes.
2WT = 2 Way Trap
RBR = Rally Base Rally demand zone
Arrows = Inducements
NASDAQ LONG TRADE | M15Litterly same setup as yesterday which I broke even on. There wasn't enough demand to make it go further. Today it collected more of it, induced sellers and buyers then took all of them out and skyrocketed. Liquidity was the fuel of this move.
Major Inducement -> 2WT -> Scale in
BTCUSDT.PContinuing from the previous analysis which led to TP, following the recent massive upward movement of BTC, I observe two potential zones ahead of the price, both of which are probable for a reversal movement. Placing a pending order with a stop loss (SL) at a specified level, which carries low risk, is possible. However, getting confirmation from the 15-minute timeframe for entry would reduce the SL and result in a higher reward-risk ratio
The fall of Bitcoin has begunIn the weekly timeframe, Bitcoin has grabbed minor Indusment liquidity and confirmed it in the lower time frames.
Therefore, we expect it to fall to the 38000-22000 and 12000 first and then continue its upward path again.
This is my personal analysis and it is not a financial advice.
NZDJPY FOLLOW THE MARKET SHORTSHey guys, its Been a while, so this is a trading idea from my markup, the major move is bullish, but we need a strong sell move to the Point of interest below, so price has returned to a strong supply zone after taking out inducement.
Warning : ETH Showing signs of falling!As you know we are in a downside structure and this upside move is just for grabbing more liquidities.
Now ETH after grabbing IDM liquidity is under of DP orderblock and made minor Choch so it have a potantial of downside move to 883 $ .
If price moves up to 2460 $ the falling senario will be cancelled until the price reach 3700 $
This is my own idea and its not a financial advice.
EURUSD BUY AND SELL POSSIBILITIESHi guys, This time I'll be covering EURUSD. SO currently price has tapped into our supply area which is around 1.0674-1.0694 and is selling off. Should selling continue I would expect the price to decline to 1.0623 which is the broken resistance level. Then below our support level we have a demand area which has been tested once and it could be worth trying it for the second time. So make sure you have these two levels under observation and take appropriate action upon price reaching there.
Be honorable
NZDUSD LONG AND SHORT Scenario Hi guys.
This time I'll be looking into NZDUSD. The Currency has been rallying up since yesterday and today reached our supply area for the second time. Last reaction to the zone was considerably good and this time could same happen. In addition to the supply area we have the broken support which turned into resistance. So with these clues going short it's advisable. But later this afternoon it's going to be a news related to dollar which could impact our analysis so make sure you are monitoring price behavior.
Should price go down we have a broken resistance around 0.5836 which could support the selling off and lead to a reaction. Below it the demand area should also be closely monitored for a secure entry.
If price continues further up then multiple other supply areas could be potential short setups or exit point for long trades. Make sure you do your own assessment prior to taking any trades.
Be honorable
EUR/USD Short London Open - June 29th 2023Potential setup to go short here on EUR/USD after we had this bullish push on London open taking out all the highs of the current dealing range that could act as inducement. Price rejected off the current order block and gave us a confirmation to enter short. Manipulation is confimed also with price extending out of the VWAP
EUR/USD Short Idea - June 26 '23Potential trade to go short on EUR/USD, we just reacted on this orderblock that's the origin point of this strong bearish candle (imbalanced). We had a push higher on London Session (Potential fake move?) and a retest on the order block on NY Open with a bearish engulfing candle as confirmation. The retest of the zone is also the end of a Wolfe Wave pattern. Aiming at the next lows of liquidity for a potential 3.3R. Good luck traders!
AUDUSD – LONGThe bullish momentum confirmed with ChoCH on D1. Liquidity was grabbed at the IDM level. Opportunity to buy on a false breakout of the Gann line. The target is the next Supply Zone.
AUDUSD – LONG
ENTRY PRICE - 0.66720
SL - 0.65900
TP - 0.69820
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
Top Down Analysis of AUDUSDHere is my top down analysis of AU. Date: 23-05-2023. I can see us going either direction from here we are kind of in no mans land due to price being at the current weekly low. But if we roll over and break last weeks weekly low then I could see a retracement to induce buyers then a continuation to the downside.
However, it is possible that we bounce from the current level and head back up towards last weeks high. In this case I'd wait for a break of the PDL which was broken today and if we close above this area I'd look for a setup to try get long and target higher up Liquidity.
Time and price will tell
GU Top DownHere is my Top Down Analysis of GU Date: 23-05-2023.
Will be looking for a structure break and setup before entry but looking to favour the buy side for me where all the sell side liquidity is resting above but time will tell. We could equally role over.
23rd & 24th march 23 GU sellsclear sells on GU backed my multiple confluence including SMT, liquidity & IND, DVG, time, momentum & structure.
Gold short again @ 1988 +/-. 23/March/23.Short Gold @ 1988 +/-. Where there is the upper border of daily red candlestick’s body after a long wick/ tail which act as strong resistance where price closing inside the stop hunting zone after hitting the zone.
Topglove broke down trend line. ( yellow dotted). 21/March/23.Topglove’s Price will be trending up to 3.78 +/-.( a potential of 320% growth from current price).. Slightly “exceeding” the inducement/ stop hunting zone. (3.00)..Where FOMO ( fear or missing out) investors/traders will “stuck” again due to a “deep pullback “ of -50% toward 1.69+/-
Gold’s bull trap. 21/March/23.Gold price “retrace” deeply after slightly “exceeding” inducement / stop lost Zone. And there is a head and shoulder pattern in lower time frame e.g 4h, 1 h chart.
EURGBPHello guys :))
here we will just wait for the price to retest supply and wait for confirmation in the area of 0.88610.
3 possible trade setups on DOGE futuresfavoring the 1:10 RR trade, despite BTC bottom likely not being in yet....
will take all 3 setups with 0.33% risk each.
AudUsd Short - Easy money, great set upThis set up happens over, and over and over and over AND OVER. clockwork. unbelievably easy to see. high win rate, not perfect . BUT HIGH AF
SMC TrapHello traders
- In this part, we will talk about the smart money trap.
- There are a lot of traps for traders left by big boys in the markets to take your money. That's why it's important to be careful, and don't swim with fish but swim with sharks if you don't want to be eaten.
- The move is designed to first take out early sellers, then take SMC traders.
-We'll explain this example in a few steps:
1) We see that the price is in a downtrend, reacting from OB, and supply has full control in this situation.
2) We can all assume that the price will continue to be bearish.
3) Now you can see that the price is coming aggressively to the last OB, and before that, we had WBOS, and there was a trap made for SMC traders.
4) This is inducement, and we talked about it in one of the previous posts, you can go back to it for a more detailed explanation.
5) This OB is not valid for us, because we have seen a lot of liquidity that the price needs to pick up and an aggressive retest.
6) We waited for the price to pick up all the SMC entries, and then the price came to our safe entry, which is marked on the chart as a valid OB.
If you liked this example, leave a like for more content like this.
