Textbook example of a double top (careful)Those who are in a long position just because we are in a support level will get liquidated first and then those who trade breakout will get punished.
Liquidation
GBPCAD H1 - SHORTAn immediate break of structure lead us to believe that prices may want to head down in the short-term. We're looking for equal highs to be created, eventually tapping into an unmitigated area of the 3m timeframe for selling opportunities.
CHFJPY 30M - LONGPrices tapped onto a demand zone, made a break of structure, showing us that prices wants to potentially move higher.
NZDCAD 30M -SHORTLower timeframe trading opportunity we have here. Prices broke out of structure, and we are looking for a pullback onto the supply zone that caused the BOS. Wait for a structural shift for confirmation before taking SELLS.
USDJPY DAILY - SHORTPrices tapped into the daily supply zone, made a shift breaking out of structure. However, it failed to make a lower higher, and therefore failed to transition into a lower low to make a downtrend.
This resulted in prices having the intention to mitigate higher prices within the daily supply, into refined areas like the H4 and H8 supply zones. In a similar fashion, look for the transfer of strong hands into weak hands before taking potential SELLS.
NZDJPY H4 - SHORTTrading idea for NZDJPY, clear cut price delivery where we are looking for SELLS at supply zone. Look for structural confirmation on the lower timeframe.
USDCAD H1We will be expecting reaccumulations over here, for a buy-side move towards the deeper refined areas of the supply zone, filling imbalances before mitigation
UNDERSTANDING LIQUIDITYIn this quick and easy lesson, I will break down the concept of liquidity.
If you retain the thought that liquidity stands for an area where stop losses are you will grasp this concept quickly.
We often see spikes into areas of liquidity before true moves continue, this is so that banks can capture as many orders as possible before they depart from the area.
NZDCAD H1 - SHORTLooking for a push into our supply zone, before taking a sell if we get a confirmation.
BTCUSD H4 - LONGBuy to Sell into a Supply and a Sell to Buy into a Demand. We are looking for a move to fill the imbalances, mitigating the refined zone followed by a shift in structure on the lower timeframe before taking a BUY position.
GBPUSD H1 - SHORTPrices are likely to fill the imbalances lying just beneath the supply zone. Wait for prices to shift from buy-side to sell before taking a short to run liquidity lows.
EURJPY H4 - LONGPrices got rejected from a H4 demand as well as a Weekly Supply zone. With how prices are being presented to us, we are looking for another buy-side move towards deeper areas to mitigate the weekly supply levels.
NZDJPY H1 - SHORTSimilarly, waiting for a pullback onto supply zone before taking a short position. Prices are likely to fill imbalances on both ends.
EURCAD 5M - LONGGartley Completion at D-leg may serve as primary buys, to eventually create liquidity for prices to go lower to mitigate deeper areas.
EURAUD H1EURAUD H1
Look for SELL schematics at supply zone, otherwise potential BUYS at immediate demand zone.
GBPCHF H1 - SHORTGBPCHF H1 - SHORT
Potential BUYS from demand zone.
Ultimately pushing down towards H4 Demand @1.26000 area.
GBPCAD H4 - SHORTGBPCAD H4 - SHORT
Wait for break of structure and pullback onto supply zone @1.71180 area.
If there is confirmation, sell it.
USDJPY H4USDJPY H4
Prices tapped into the daily resistance area @ 110.800, made a sell-side move, breaking structures, creating new lows and now making what seems like pullback before a continuation short.
We identified 2 major areas for SELL positions, mainly @109.400 area as well as 110.300 area.
If prices doesn't hit any of our crucial structures, we will be looking for a short-term LONG position @108.400 for an upside move towards 109.400.
GBPAUD H1 - LONGGBPAUD H1 - LONG
Prices got rejected from a resistance zone, looking to test a BUY zone @1.79000 area. Aggressive and short term traders may look at this as a potential buy trading opportunity.
If we do see a breakdown off the support area, liquidating orders lying beneath the trendline, we can catch a pullback SELL opportunity towards the major structure support level below.
EURCAD H1 - LONGEURCAD H1 - LONG
Tapped into Weekly Demand Zone
Wait for BOS + Pullback onto H1 Demand
1:4 Risk to Reward
