GBPCAD trade idea for LondonGBPCAD is showing strong bullish movements after hitting off of a weekly bullish order block. Im looking for the market to drop about 30 pips around the daily oder block entries, depending on what EURGBP does during London open. That will be my main indicator on if GBPCAD will be a buy or not. Also I see the buy side liquidity pool has been created over time with the triple top. It's just a matter of time before it gets violated and we make a bull run, although I wouldn't really hold on to buys for too long on GBP pairs.
Liquiditypool
US30 SUPPLY AND DEMAND ORDER BLOCKSOur order blocks for the US30 WALL ST Index are working perfectly! Are you short or long?
EURAUD Overview UpdateA quick update from the previous markup on this pair, we had a 113 rally of the shark D leg whick was initially a 88.6. This was quite expected though as we has liquidity right below and has been taken out now. we have a baby shark pattern approaching at CMP and expecting a drop base Rally kindof move to form. The baby shark pattern will be reviewed on a lower tf and would be dropped in the comment section below.
feel free to coment below...
USDCHF Equilibrium| Structural Resistance| Declining Volume Today’s Technical Analysis – USDCHF- trading in equilibrium where a break is imminent
Points to consider,
- Structural resistance (bearish retest)
- Declining volume
- Apex
- RSI at 50
A break in USDCHF will be imminent as price continues to reach its apex. The support and resistance lines will converge leading into a break in structure.
The structural resistance is a key level, a bearish retest will allow for a valid short. It is important to monitor how price action forms at the level as weakness will indicate a possible liquidity grab.
Volume is clearly declining, which is an indication of a true equilibrium. A breakout needs to be backed with increasing volume; this will decrease the probability of a false breakout.
Overall, in my opinion, if USDCHF breaks bullish, its immediate target will be structural resistance. If price action shows weakness and confirms a bearish retest, lower level will then be likely.
What are your thoughts?
Please leave a like and comment,
And remember,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
EURGBP IDEAPrice is ranging in between two significant zones. The ideal situation would be to let price tell us where it wants to go with a clear break of structure, we can then perhaps look at an entry when it retests the key level and target the liquidity levels on the chart price should ideally head towards giving us a high R:R ratio and a high chance that price will hit our Take profit.
Good luck!
-Price action is key to a profitable strategy...
P.S this is a speculative setup, not investment advice
XAUUSD MARKET OVERVIEWOn the 4 hour timeframe, Gold has been in a bullish trend, creating Higher Highs and Higher Lows. These Uptrends has been forming as a D leg completion of bearish Butterfly harmonic pattern.
Curently price is at a mini resistance creating liquidity just below the D leg of our pattern. Expecting liquidity to be grabbed, triggering entry of the harmonic and a drop from there.
EURJPY | Hunting for LiquidityEURJPY looks like it could be in an excellent position to make one more big move to the downside before reversing on the larger time frame. 🤔
Sit and wait for this market to move higher first before entering for another downside move. Where there are trapped buyers at the top will be a perfect place to sell.
Watch for strength on the way back down breaking through your chosen Moving Average. 😏
It is not a time to buy when there are so many great opportunities for sellers. Keep an eye on the price bouncing off 117.337.
BTCUSDT Be Careful When Buying Hello traders,
Given that my last idea is not playing out as anticipated. This is my take on current price action. I would caution people who are looking to buy the breakout to be extra careful.
My ideas are for entertainment purpose only and should not be taken as financial advice.
Happy trading!