$ETH - Institutional Trading In CryptoEthereum may be gassing out due to exhaustion. However, it may just be searching for liquidity which it will find just under the receent equal lows about at the 150% extension of the current High and recent low/drop. I suspect it may come back up as a fake out and fall short of the high due to the bearish order block. There's a pretty significant trendline which will bring a lot of Liquidity in the market, I would expect it to sell through that and then below the equal lows as already noted above. After that, I still have a Bullish outlook on ETH. Just be careful of the drop and have some buy limits set to enter that the best time.
Good Luck and Good Trading.
Institutional_trading
Sell IndicesLokking for a sell after the Monday bearish movement, most of the gaps has been filled but the retracement has been past 61,8 level and looking to go up to 78.8 level, there is also the level when the up move to break highest high started and the fake out, or stop hunt if you will. there is no apparent reason for the market to keep making highest high and new all time high, so a sell is much more likely for today in my opinion. it would also meak great Head and Shoulders pattern. Nice risk to reward as well, so looking forword to see how it plays out.
bullish idea institutional trader price in re accumulation .. may price go down and kiss fair value gap and go higher. For entry go to lower timeframe .
USDJPY ORDER BLOCK 12/19/20201 HR TF, USDJPY, SELLS
- BEARISH MARKET CLOSE
- MARKET WILL CONTINUE TO BREAK THE BLUE SUPPORT AND SELL TO GREEN LIQUIDITY ZONE
- GRAB STOP LOSSES SET AT THE GREEN LIQUIDITY ZONE (THIS IS WHERE THE UPTREND STARTED)
- MAKE THE PREVIOUS SUPPORT INTO A NEW RESISTANCE LEVEL (BLUE LINE)
- MARKET WILL REACH 50% OF THE GREEN ORDER BLOCK (HIGHLIGHTED IN PURPLE)
- GRAB LIQUIDITY UNDER THE PURPLE SUPPORT
EURNZD to 1.70500Just examined the weekly timeframe, wicks thrown to the upside at a significant zone/resistance, the daily makes the price action more clear as we can identify the sellers are present at the resistance(purple zone) identifying the lower timeframe price action, market came back to a huge liquidity spot, and now momentum has kicked in(as the 15M timeframe bullish market structure has been violated, we now see first signs of the bear rally as price breaks major lows and 15M key levels) this behavior and structural behavior pattern tells us that orders has been filled and we can expect a new bear rally to 1.70500 or even lower as price is just correcting itself(ranging, showing indecisions, exhausting) from an initial impulse move to the downside for another bearish rally/leg however a break above of the purple zone would invalidate the trading setup..
For the time being, my targets at 1.70500 as its a good psychological round off number!
GOLD is TOO Valuable..Here's my trade idea on GOLD for the coming week. Gold is a valuable metal and it's always best to buy the dips with proper analysis of course. Here I've outlined my thought process behind the pair.
Key:
+OB - Bullish Orderblock
SSL - Sell Side Liquidity
MRL - Major Resistance Level
MSL - Major Support Level
GBPUSD - Liquidity TrapStill looking at a trap for Liquidity on Cable going into this week.
There are some nice lows that I'm looking for failure around providing a high probability move to the upside (targeting the FTA - First Trouble Area).
Why do I trade these liquidity traps?
Reason 1 - Because when price breaks structure, the breakout traders have their pending orders (Sell/Buy Stops) activated to which the institutional players will trap by failing the break and pulling price back slightly to close above/below previous structure, invalidating the breakout traders ideas so they will either hit stop or pull out of their order due to fear or rules.
Reason 2 - Because any retail traders who are currently still holding positions usually have their stops placed beyond structure/swing points creating a mass of orders. If you're not aware if you're short the market you have to buy back your position and if you're long the market you have to sell back your position.
For both of these reasons this creates a high volume area of transactions in the market creating high liquidity. If you study what the big players do at these areas, watch your strike rate grow!
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Gold - Institutional Long & ShortOANDA:XAUUSD
Trade Ideas - 💡
In the 30min time frame I have identified some a couple of opportunities that follow the bias highlighted on the daily, I have not set limit orders for but will wait until price action enters these areas. There is liquidity around 1860.50 which seems ideal for the market to sweep before heading higher on the weakness of the dollar, I have two entry opportunities depending on how far the market moves in the bearish direction to complete the liquidity sweep. I have also got a sell at the 1920 level which is just above 50% of a 5m BTS candle and on the 61.8% level of the Fib which are good confluences for a sell to finally take the liquidity resting at the 1852 level.
Let me know your thoughts?