Nasdaq LOWERNasdaq will try to come intro discounted area of Price. Fair value gap lower is a target which is helpful to have in your charts as well. It's likely price will gravitate towards it.
Inefficientpricing
SellPrice has been rallying to RTO after break of market structure on the weekly. Price is currently on the weekly OB, and the best price to take short positions, is at the H4 OB as it fills up the inefficiency left previously. Potential targets include 1647 and 1628
Trade Alert 450 pips GBPAUD Keep a watch out for the GBPUSD we could see a massive trade develop in a short time of over 450 pips. I will keep this in the watch list as the develops over the next few days to weeks you should also.
GBPAUD: going long from hereImbalance + L VN + bottom of the range + an extra secret confluence :-D (PM if you wanna know more...)
SELL GBPUSDThis pair is in a clear downtrend from Monthly, Weekly and Daily timeframe
On H4, it has been on a retracement whereby it returned to OB and started dropping.
Now we've seen BMS for H4,and lower timeframes to sell. Therefore we're going to re enter sells when price returns to H2/H3 OB, or wait for another BMS on H4, then enter at retest of BMS or RTO that will have led to break of structure.
SELL GOLDFrom the monthly and weekly timeframe we're clearly bullish to 1907 area.
Daily and H4: we've broken structure to sell at 1850.
Therefore we'll be looking for sells from the M15 OB at 1855 and at retest of BMS at 1851. Targets indicated on the chart
SELL GOLDFrom the monthly timeframe we're clearly bullish to 1907 area.
Daily: we're bullish between 1867 and 1850 range.
H4: we're bearish because we have broken market structure and price returned to OB 1862.5 which seems to respect.
1st Bearish signal will be h4 candle close below 1858.9
2nd signal will be break of 1850.6.
This will give us a drop to 1845, then 1828.5, the 1788.
SELL GOLDGold has continued to obey our prediction. 1872 was a perfect entry although there was stop hunt above but we were not caught up. Looking for re entries to ride all the way down to 1828. All the best
SELL GOLDGold is very few pips away from the weekly OB at 1872.8. We'll be looking for sells here targeting the retracement. Since it's long term bullish, we'll take buys at 1830/1810 targeting 1900s and 2034 highs.
Areas of interest marked on the chart. All the best
Sell CHFJPYWe are currently at equal lows or consolidation on H4. There are higher chances that price will drop to the daily OB. We will take short term sells at the H4 OB and Long term buys at the daily OB. Target is 127.80
SMART MONEY US100 The US100 is still in a Bearish Market Structure but the price need a little retracement to get some more liquidity and after the targets is still at lower lows
BUY GOLDI'm looking at 2 scenarios. One, H4 candle close above 1765, then retest on M15 to add buys, or, two, Return to the 1D OB at 1738 where I have a Pending order to go long.
USD CAD - 1.258 rejection as plannedHello,
See below the previous analysis from a couple of days back;
The key level here was 1.258X where the range of price will interact with the 0.382% Fibonacci, also a pivot point in the bullish structure;
Where;
1. Price respects the imbalance upon the price reactive levels.
2. Price had offered a selling range from the reactive top of the structure and needed to find a key demand to offer a discount.
Here is the idea.
Weekly Chart
Weekly Structure has offered a heavily discounted buy opportunity to take a new position or additional upon current longs.
Refer to the volume chart to assist for volume traders - this shows the key driver for the change of hands which occurred at 1.21X zone.
Monthly
USOIL
Refer to the correlation of the US OIL chart and compare USDCAD for inverse correlation.
Attached are the key monthly and fibonacci zones intertwined.
About me;
Student of Lupacapitalpartners - imbalance analyst.
Supplyanddemand trader
Technical approach to charting
Work in Investment banking, LDN - 3years in credit.
Many thanks,
XYHLX
Inefficiency Created - Took it up now to take it back downWe've been in this ascending market for a while now with AUDUSD. Just took a 1:12 trade on the way up and it's time to trade the pullback!
Inefficiency created and it's time to set our orders and simply wait!
EUR/USD Long - Closing out a Monster position +29% ROI!!!!!!We have just closed a Monster long position in EUR/USD with a RR Achieved of 1:29.
We have banked + 29% ROI since 4th July 2020. Using strict risk methodology of -1%.
We have 10% left running on our long EUR/USD with our stops adjusted, locking in positive R Also.
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This trade was a combination of Wyckoff methodology, Price Inefficiency and Order Blocks.
Please feel free to join our FREE Trading community where you will see the trade broken down across multiple timeframes, or send us a private message for any questions or queries.
Best Wishes
Phantom
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OANDA:EURUSD
