Goofed by what I thought was distributionSo.. PLANS CHANGED!
Took some time to see on the sidelines how price would decide to play. Seems like we've been trending bullish with strong inst. order flow, so as of right now and the way the higher TFs are looking -Daily shows great strength, as well as a BOS; this could be the impulse to begin our bullish move, after many days of bearishness (for the retracement)-.
Now, I'm seeing re-accumulation.
Price begins to trickle its way bullish after a retracement on both 4HR and D (Jan 14-17th), which to me, seems like the standard push-up-pullback bullish scenario you'd see in clean price action.
GBPUSD RE-ACCUMULATION ON 4HR
GBPUSD BULLISH BOS ON DAILY
With DXY showing signs of bearishness on higher TFs, as well as taking into account future events like stimulus cheques being handed out; value on the DXY is sure to nudge lower with all that money being printed -just my hunch, lol-.
Institutional
EUR/USD (institutional)
Hello traders!
Eur/Usd has shown an up-trend movement recently, but we do have liquidity zones beneath the current price action.
This is why I highlighted 2 possible scenarios…
Personally I am planning to enter long, but I do need confirmations before placing my entry.
As take profit we are targeting one of the previous highs, where sellers’ stop loss is (liquidity pool)
Pair correlation between DXY and GU, Possible DISTRIBUTION on GUI'm personally hoping to see, with DXY giving a potential for a short term sell-to-buy, that GU can go as far enough to take out those LR wicks, creating a UTA -as price wicked the whole body of the previous UT, one could say it broke PRICE structure, but since it didn't wick ABOVE the wicks which formed the UT, I'm waiting to see if price will cover that UT; as it IS called Wyckoff; and create a UTAD-. Looking for a short term buy, then a mid-term short IF the UTAD shows.
DXY reference SHOWN BELOW (1HR):
With DXY breaking 1HR structure, I'm personally standing by to see if Inst. order flow can begin taking price bullish, but with the higher TF outlook on DXY (4hr/D/M), I'd like to think otherwise.. lol. In need of some opinions!
P.S Ignore my half level, Ik it's off
GU pushing for a UTAD?An update to my previous post.
Hopeful about a possible UTAD forming, or even an LPSY if price decides to grow weak -especially with all the volume that's been coming in and the short consolidation phases in between those large moves-. I'm thinking either another, final, push to the upside which'll tackle those equal highs and LQ spots.
Another thought: if price decides to give out, that -for me- will begin to confirm the start of an LPSY. Thought #1 seems the better option for me, as price on 30 and 15 have been forming LQ; just personally waiting for that take-out move to happen any time now or even London. 1HR and 4HR seem to show that price is beginning to exhaust, possibly to break to the upside for a buy-to-sell, or just start our down-side IPA fills.
I'm personally looking for a short-term sell-to-buy.
DXY REFERENCE:
[Market Breakdown 3] CHFJPYHad this pair in my previous Market Breakdown, but it seems like i was a little bit too early.
Price has approached our zone of interest quite impulsively on Friday.
It seems like the Supply & Demand zone is holding very nice as resistance.
A lot of Sell orders sitting at this region.
I will enter this Short position if we do receive some more deceleration candles.
Remain neutral and anticipate on the situation.
GBP/USD (institutional)Hello everyone!
After price pushed up due to the news , there are still clear pools of money ( liquidity ) below.
If the institutions do their job, during the next trading week we'll be seeing price falling down to grab all the liquidity.
Since the more liquidity is at the bottom price is expected to go towards these lower levels , due to the almost non existing (already taken) liquidity at the top .
G/J institutional (news)Hello everyone!
Here it is an analysis on what happend in the last hours in this pairs.
On ForexFactory we can see that GBP pairs are signed in red meaning there's a big event.
Since we do know where liquidity zones are, we can predict the movement of the price in order to sell after all these bullish candles.
GBPUSD Short Term & Long Term Institutional Analysis *Please excuse the poor audio!
What's up traders! Today I will be going over my thoughts on GBPUSD, and where I see the pair going from a short term and long term perspective. We will be considering the following: 1.) The recent Double Bottom formed on the Monthly timeframe 2.) The break of structure at a previous strong resistance zone 3.) The possible retracement/pull back to the .382 Fibonacci Level, which is in confluence with the previous strong resistance zone on the Monthly timeframe 4.) The Double Top on the Daily time frame 5.) The area we're I expect price to move, in order to fulfill enough liquidity for a larger impulse to the upside 6.) A potential short-term SHORT position and long-term LONG position.
XAUUSD BUY IDEA. INSTITUTIONAL ANALYSISI am expecting XAU to retest the key monthly levels below before making an upside move and finding enough buying pressure to break the current consolidation I've attached my bias on the metal and let's hope we get a good entry towards the 2000 price point.
confirmations I'm looking at would be
1. key monthly levels
2. 78-88 fib levels
3. Mitigation points
4. Institutional imbalances and POI
DXY - AnalysisTVC:DXY
Analysis - 👨🏾🎓
The DXY is Bearish on the monthly from a structural and institutional perspective I can see the bullish momentum continuing until 92.184 to mitigate the orders made in the last period before a continuation in bearishness to create a monthly lower low.
The 82.000 demand zone, which has significance as far back as DEC 1990 could be a key level to show major dollar strength, failure in this level to hold could have catastrophic consequences for the USD
The rise of blockchain and cryptocurrency applications have accelerated during this period of decline, this is set to continue as people seek better stores of value than the USD. The decline itself and Quantitative easing never seen on a scale like this before have raised large questions on the suitability of the USD as the worlds global reserve currency for the longterm.
Let me know your thoughts, I've attached more snapshots below!
GBPUSD Bulls Still in Control?Yo whats up traders, today we are looking at G/U of course, this is the main pair I like to trade. Happy Friday to all of yall, I hope we all had a wonderful trading week. Lets make today count and end the week with some good vibes.
Ok, lets get it; So as we can see, price is really staying in this range defined by my 2 blue lines, and from observation, we see that price is showing strong signs of continuing upwards, on the larger time frames. I am waiting for price to push past this major resistance because if we look at the lower time frames, we can get some clues about what price wants to do at this level.
Personally, i think its more likely to see a reversal happen just because its Friday, and I've noticed on Friday, price likes to stay in a relative zone rather than chasing new targets whether upside or downside. But like i said, we shall wait for price action on the LOWER time frames so we can catch the move be it bullish or bearish.
We have an overbought RSI on the 15M and the 5M, this is just a little note telling us there COULD be a reversal, do not use this as a reason to execute a short trade
Whatever the move may be, we will be here to catch it.
Trade safe, trade precise, tradeflow, see yall next week!
GrayScale Accumulating LitecoinDear Traders,
In the last 30 days Grayscale has bought a bunch of litecoins.
This information is updated daily and you can be found here: www.bybt.com
If we look at the chart a clear double bottom formation is drawn.
It's time to do something about it.
Entry: @141$
Profit Targets:
TP1: 184$
TP2: 213$
TP3: 234$
TP4: 252$
Stop-Loss
SL: 135$
Bitcoin (BTC) Falling Wedge Institutions Still BuyingSince Bitcoin hit an all time high of $42,000 it needed to slow down and simmer. We we briefly formed a symmetrical triangle only to break down into a falling wedge pattern. Wedge patterns can signal either a positive or negative price change. In Bitcoins scenario a falling wedge would be considered a "bullish" pattern. Of course we need to wait for a breakout of the wedge and an increase in volume before we're out.
In a worse case scenario we break down to the $19,000 - $22,000 levels but I'm sure Bitcoin at those prices would get swallowed up instantly.
Institutions such as: MicroStrategy Inc, Grayscale Investments, Square Inc (Cash App), Paypal, Pantera Capital, Skybridge Capital, and ect... Have all been accumulating Bitcoin around these current price levels and I'm sure they'd love to buy panic selling at $20,000 even more. I know I would too.
For most of these institutions accumulating Bitcoin price is completely irrelevant. What matters is how you own.
The fundamentals for Bitcoin have never been stronger. The overall trend is still positive and you have a line of financial institutions waiting to fill their Bitcoin bags this year more than ever before.
Much peace and love. Cheers!
Potential AUDJPY reversal , Harmonic Bat PatternAUDJPY is making its way up into a highly rejected price zone , as you can see its already slowed up and started rejecting now that its inside the zone of a orderblock on the daily time frame . The Price action is forming a beautiful harmonic bat pattern . For the pattern to be valid wait for price to extend into the harmonic entry zone and show signs of rejection/reversal . A bearish engulfing candle would be a great confirmation . Take profit targets will be price structure levels . TP1 should be about 28-30 pips or more , TP2 is around point A and the Fair Value Gap . TP3 is the sell side lquidity level clearing out old liqudity voids.