EURUSD POTENTIAL SELLPrice has potential to move lower upon the retest of the fresh supply zone formed after price reversed from a HTF supply. Wait for LTF confirmation to confirm the move.
Liquidity
GBPJPY POTENTIAL BUYPrice reversed from a HTF demand zone and formed potential higher highs and higher low. Price has potential to move higher from the retest of the demand zone. Look at LTF confirmations to confirm the move.
Smart money traders getting shopped left & rightAfter understanding smart liquidity you'll never fall in the trap
GBPUSD GOING TOWARDS RESISTANCE price fails to make new lower low where price indicating going up to touch its resistance in coming days due to low liquidity it may take time but soon chances are high to make hit resistance one. where bear and bulls race will continue lets see who will win. As the price action allowing us bullish move up to 1.23 zone where again may see a bear move accordingly from the mentioned resistance.
AUDJPY Potential Short Swing TradePrice has potential to go lower, after mitigating the daily supply zone. Wait for lower timeframe confirmations to confirm the trade.
US30US30 counter trend targeting some manufactured liquidity. This is one of the only times i will take counter trend, other than if we take a previous weeks swing point.
GBP/JPY Short Opportunity: Capitalizing on Channel Structure andI have created this GBP/JPY short market idea due to the favorable technical setup observed in the chart. The currency pair has been trading within a downward channel and the previous high presents an ideal point of entry for a short position. The liquidity at the previous high, indicated by the volume profile, adds to the confluence of factors supporting this trade idea. The downward channel structure combined with the high liquidity at the previous high provides a strong basis for my decision to initiate a short position in the GBP/JPY market.
Please note that this is not investment advice and past performance is not a guarantee of future results. Trading always carries risk and it's important to conduct thorough research and analysis before making any trading decisions. Thank you for your attention.
US 10Y Government Bond Initial Weekly Analysis I think it is a great idea at this time to see how the bond market is looking with all the talk about the debt ceiling crisis. It will also give us an idea of where the US dollar can go! Currently, the price action has been rolling over to the downside. I think it best to keep that narrative until we see a conformational move that would change this higher timeframe trend. In my opinion, the most important area that I believe has many traders are focused on is the closet supply area which is also the previous higher low. Evetually, this instrument will liquidate the sellers in this market. Lets keep this one on the list and update throughout the week.
Feel free to connect and chat about this instrument. :-)
USDJPY: BULLISH The USDJPY currency pair has recently experienced a significant price movement, breaking through key liquidity zones of 131.575 and 131.11, which were previously defined on the 12th and 24th of January respectively. This price reaction can be attributed to various fundamental factors that were reported in the previous week.
The overall trend of the dollar index, which measures the performance of the US dollar against a basket of other currencies, has been showing signs of strength. This, in turn, has had a positive impact on the USDJPY currency pair.
To determine the next steps in this market movement, it is essential to monitor the final price fixation above the previously broken level. In my analysis, I anticipate the continuation of an upward trend for USDJPY, with short and medium-term targets set at the resistance/liquidity levels of 134.37 and 137.29. In the meantime, I'll wait for a correction to a suitable area, then I buy. The Long-term target is set at 140.00. These levels have been determined based on an in-depth market analysis and are subject to change as market conditions evolve.
UsdCHF/DXY long term UP trade IdeasThe weekly is screaming a long term upward movement. Might be wrong but sell side liquidity on a large scale has been eaten, a decent size move up should be in order.
Will update as we go
Analysis of US30 by SMC strategyAnalysis of US30 by SMC strategy. There are 2 possibilities at this moment from my point of view on US30.
The first is to reach the first supply area and react from that point or to reach the 2nd supply area to react from there
As a target/take profit, we have the liquidity area formed by the price area of 3950
Personally, I will set an alert in both supply zones and see how the ptree reacts, if there will be a continuous movement from the first supply zone or if it will react from that point.
Personally, I strongly believe that the price will react from the 2nd supply, but no one can confirm this.
Bitcoin - next week game planMy game plan going into next week on Bitcoin ($BTC).
Notes on chart - leaning toward at least a sweep of current range low / liquidity to take out a bunch of stops at 22.4k.
Lose current range, prior consolidation area is up next at 20k. From there will continue to evaluate if we come back down to macro lows, but expecting a bounce from either of these 2 specific locations if we are going to push higher at all.
UNLESS 23.5k is reclaimed soon, invalid in that case.
Happy Sunday folks.
Trading idea for NFP news on 03-02-2023It's a trading opportunity I observed I could take on NFP news released at 03-02-2023. It's important to note that trading just prior to or spot on important news release is very risky and may sometimes lead to loss of a great deal of balance. Considering the taken out liquidities we could've make very profitable long trades targeting the unmitigated liquidities.
Trading idea for NFP news on 06-01-2023It's a trading opportunity I observed I could take on NFP news released at 06-01-2023. It's important to note that trading just prior to or spot on a news release is very risky and may sometimes lead to loss of a great deal of balance. Nevertheless, We can see a higher timeframe uptrend on the EURUSD chart. Considering the taken out liquidities we could've make very profitable long trades targeting the unmitigated liquidities.
GBPJPY 4 HR - Using Liquidity to Analyze & Plan for the week.Hey guys,
This is my update for GJ for the next week or so.
There are so many things that can happen from here, because as we know, the market is never straightforward. These are just a few of my projections and i will slowly eliminate options and adjust my analysis as the week goes by and we start to see changes in both market conditions and price action.
I would need to see confirmations at my points of interests (not shown) for me to actually take a trade. But basically, we are still stuck in a consolidation, and we need to wait for price to remove liquidity at either the highs or lows so we can start seeing what price wants to do.
Right now, we are sitting in a bullish Fib to go higher, but I am not sure if it is a reversal fib or a retracement fib to go lower. I will definitely need more confirmation.
Basically - the way I see the market is that Liquidity, runs everything. Thats why there are so many manipulations and patterns etc. Price will remove buyers or sellers THEN continue in its desired direction. It needs to shake off all the people riding it before continuing and this is why I always say, 'If a setup looks too good to be true, it usually is.'
For example - Think of a marathon - If i was a marathon runner why would I run a marathon with a weighted backpack on and ankle weights? I would TRY to run; realize they were weighing me down, then I would throw them off and then continue running.
Thats basically how the market is with all the retail traders trying to ride it in all directions.
If it wants to start trending bullish for example - It may consolidate for a bit, accumulating buyers and sellers, retrace bullish or even just wick to remove liquidity and all sellers to shake them off before continuing bearish, because the buyers will be removed eventually as price starts trending down.
Thats how I see the market anyways and when I learnt to see the market like this and base all my projections/analysis around liquidity, I was able to become more aware of price manipulations and fake outs so i was able to avoid them.
Thinking like the banks and 'market makers' is the best way to become consistently profitable, because you will understand how and why price action moves and behaves in order to make money and you find yourself no longer getting stuck in liquidity traps and raids with the other retail traders.
You need to see where all the liquidity is on the chart and THEN do your analysis and projections.
Ask yourself -
- In order to make as much money as possible, what does the bank need to do?
- Which way is the most cost-effective way for the bank to move price? Because after all - The market is run like a business.
- When you have all of this THEN you can start to do your technical analysis.
- Does this look too good to be true?
- What are other retail traders looking at doing here?
- What does the market WANT them to do ?
When I began to ask myself these questions i really started seeing a huge difference in my trading and my consistency and i wish someone had told me this sooner in my journey!
:)
Euro Cad entry from yesterdays analysis just an update on the trade idea i had regarding Euro Cad. im currently in this trade stops to break even but its not looking very favourable at present, although very valid
