Institutional
BTCUSD Short to LongI haven't provided any analysis in a while but after BTC made its crazy drop from 58k to 40-42k, the market left a huge area of exhaustion at the bottom. In the 43k area I noticed an open order that has not be mitigated yet. Bitcoin gave us some nice bullish momentum to end the previous week and to start off the week. But If you notice on the 4hr we have equal lows which left us with an area below it to capture liquidity. I'm expecting it to fill in that area then give us that BULL run that we want so market can rebound from the 58k to 40k drop
GBPCAD H1 - LONGPrices broke structure, leaving behind 2 ranges to work with. The one above has a smaller range therefore, we could trade the immediate BOS if we see a structural shift onto demand area.
Otherwise, with the context of the entire market structure, we could wait for a deeper pullback > accumulation and the transfer of weak into strong hands for a valid buy.
USDCAD DAILY - SHORTUSDCAD Projections towards the downside. Prices broke the Swing Low that created the Ultimate High, showing us that it wants to go bearish.
We could sell into the immediate demand area created on the daily. Otherwise, wait for the demand to fail and trade the flip zone AKA Supply that cause demand to fail.
GBPUSD PAYSEarlier I sent my analysis on GBPUSD.
We are currently up 3% on this trade and can possibly gain more if GU can pick up volume to gain take out liquidity at the bottom.
Nonetheless 3% on a trade is still really good profit and if we wanted we can close out here with nice gains and look for out next trade.
GBNZD structure analysisLooking at pair GBPNZD trend did a dobble top securing liquidity to be smash. Price is moving now side ways, quietly with a accumulating pattern, and keep breaking the LL seeking for the next point of supply. My red POI is determinine by this confluence:
1º _ 1.93300 was a KL that dobble tap and broke liquidity.
2º _ The daily bearish candle + the institunional candle did break structure and seems a good point of interest.
3º_ The POI movement that created the HH align with our 78% Fibo.
Comment what y'all think!!!!
Thank you.
EURJPY Bullish swingEURJPY has been in a bearish correction as we can see on the WEEKLY time frame, breaking the the previous LL, where liquidity was located.
Price is close getting closer to our POI (Point of Interest) 126.300 where is the bullish institutional candle that concord with the weekly HL support zone.
If the bullish rally take place I would look to take Profit on TP1_136.700 or TP2_132.00