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Liquiditypool

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
Short
by AzizKhanZamani
2
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
by onzzfx
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.
Short
by Little_Big_Movement
1
XAUUSD - GOLD Yearly viewWe are at a very interesting price point with gold and the worlds economy at this current time. We have seen Gold prices reaching their highest levels since 2013 as all the big players have been accumilating the yellow precious metal. Where as silver has started to outperform the yellow metal, traders and Investors have began to realise the economic impact of gold as a safe haven especially with the impact of Coranavirus (COVID-19). Effects of the rsing tensions between US & China trade talk, drop in stocks, treasury yields and IHS ecomomic data has provided a boost for the precious metal. Overall, it seems the upcoming rally within the precious metal industry which also includes silver could be significant at the moment and not a opportunity to be missed! As always... PATIENCE, CONFIRMATIONS, ENTRY, PROFIT!!
SAXO:XAUUSD
by jedahs
4
EURUSD Mark UpA trading buddy and myself decided to come together to tackle a few currencies, this is one of them. The Euro/US Dollar used to be on my radar until I swapped it out with a currency pair that's known for being more aggressive with it's movements. I do plan on adding it back into my watch list once I'm ready to take on more swing trading opportunities. Let's begin! Bias - Bearish In a situation like this, I would look to the US Dollar Index to add onto my confluence. I need to see a few things take place in order for me to feel confident to put my capital at risk and that's when I look for clues. If I don't see what I'm looking for OR I feel like I'm forcing myself to see something that isn't there is a clear indication to go eat a bowl of cereal while watching Impractical Jokers. Confluence (3 or more): 1. Strength in US Dollar (check my DXY analysis). 2. Weekly candle engulfed & closed pass an O.B. 3. Weekly candle closed passed a PPZ. 4. Continuation O.B. formed before engulfing opposing O.B. In a perfect scenario, the opening candle will gap within that continuation o.b. If that were to happen I would take a conservative approach by placing a stop at the PPZ (1.0846) for a Take Profit set at price's most recent swing low $1.0340. A retest of the old Distal (1.0820) would serve as a good entry too. If there's a B.A.R. of the $1.0340 level then I would take that as another entry to head towards the PPZ (0.97253). If Price Action happens to plow through the PPZ then I would look to go even lower towards that huge Order Block (0.8231 - 0.8840) for Take Profit. The O.B. was last hit March 1, '01 - April 1, '02 so orders were absorbed which means it's not as strong as an untouched O.B. Let's see how it plays out! *NOT FINANCIAL ADVISE*
by ChrisJTradesFX
1