Institutional
Stop Extended Slightly - Move down to beginAfter extending my stop slightly to accomodate this pair begrudgingly, I have now observed a near perfect Wyckoff schematic of distribution on the 5m timeframe.
If I am correct the institutions will begin their sellof shortly as I believe we are in the last phase where we saw increased volume with a rather weak reaction compared to the previous test where we had no volume but an increased spread and reaction.
As always, please be responsible with risk and manage your trade.
USDJPY H4 - LONGUSDJPY H4 - LONG
We are expecting another test into the zone, potentially creating a lower low before a bullish impulse, breaking out of structure, creating a higher high. With that, we anticipate the higher low formation with price action patterns before taking a LONG position towards the next resistance area.
EURGBP [LONG] Institutional TradingLooking at the chart, we have seen within the blue box 4 touches of this level. This is filling the retail traders with confidence that a breakout below which is what's just occurred will continue that trend.
Nice long candle this morning clearing the liquidity on buys and now that people are putting on sells they will push the price back up to clear those stops for further liquidity then onto reaching equal highs.
The pink box I've drawn indicates the money they will need to get back at some point so could see this as a long term trade up to that point.
TP#1 is the first green line
TP#2 is the second
GOLD LONG TERM BUY IDEA (2k)MY ANALYSIS > SRT , PRICE ACTION , INSTITUTIONAL ORDER BLOCKS AND FIB RETRACEMENT
CURRENT MARKET IS IN A STRONG UPTREND.
GREEN DOWN ARROWS INDICATE POTENTIAL SELL OPPORTUNITIES.
RED UP ARROWS INDICATE POTENTIAL BUY OPPORTUNITIES.
DOUBLE BOTTOM FORMED 1684
POTENTIAL BUY OPPORTUNITIES IN 1740 – 1775 – 1820 - 1880.
INSTITUTIONAL ORDER BLOCK LEVELS - 1688 – 1800 – 1880.
THANK YOU
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.
TRAP FOR POOR RETAIL TRADERS on AUDNZDPrice has approached the top of a very visible parallel channel as well as a resistance area.
It's dangerous to trade short as big banks, hedge fund, institutions will have the opportunity of a big amount of liquidity that they will use to fill their orders. Basically they might drive the price higher with big capitals, and hit all retail trader's stops.
Be carefull.
EURUSD Harmonic ButterflyEURUSD is retesting a old area of interest before making its way back down to correct these imbalances during NY session, price wicked entry reversal zone . entry is stlll valid now before it drops with full momentum. TP is about 50 pips from harmonic entry zone while SL is about 15