Liquiditypool
GBPUSDLiquidity captured and now we're looking for a run to the downside. We should see 1 more move to the upside for mitigation to happen before the big fall.
Wyckoff distribution schematics playing out well so far also.
As always..... PATIENCE - CONFIRMATION - ENTRY - PROFIT
XAUUSD - GoldWere getting close to our ultimate distribution zones and I'm looking specifically at 3 possible entries for this to fall long term. Wyckoff distribution phases playing out quite nicely also. so sometime this week we should see the drop off to the open orders from the 31st July 2019 starting the price level of 1431.25
It's nearly go time!
PATIENCE - CONFIRMATION - ENTRY - PROFIT
Navigating the RBA Rate Cuts - Pricing In AUDUSD 23 SeptSentiment/fundamental rationale tells me to look for short signals only this week. It is reported that the market is starting to price in RBA rate cuts on Oct 1st (81% as of now so plenty of moves to be had)
Technically it is very obvious, at least in an intraday context, AUDUSD have been trading lower and now in an intraday bearish trend.
Since I am bearish on the AUDUSD, I am looking to "short the rallies". I have identified several liquidity spots, which I marked with green sniper crosshair, as a place I would place my short (if there were bearish signal).
The targets potentially be the Boomerang level (purple line) or the 20-week AWR downside projection
Navigating the BEAST (GBPJPY) - 23 Sep 2019Last week's range was approx 190 pips whilst the 20-week AWR was 275 pips. It was a "miss" hence I am anticipating a price expansion (weekly) probably hitting several pips more than next week's 20-week AWR , which probably be around 300-320 pips give or take.
My bias for GBPJPY is bullish hence I am looking at "support" levels to go Long. If price enters in the liquidity pool at 1.3300-1.3900, that will activate my bullish mode and will LONG if there is a trigger for me to do so. My potential target is illustrated in the chart: the liquidity pool on the upside at 1.35650 - 1.35950
Side note, if you are a scalper, you probably have a chance to short GBPJPY when the price reaches between 1.34650-1.34900 and target at the liquidity pool below.
There is no risk event for the U.K and Japan have a bank holiday on Monday
Navigating the USDCAD 23 Sep 2019Last week's range was approx 100 pips whilst the 20-week AWR was 151 pips. It was a "miss" hence I am anticipating a price expansion (weekly) probably hitting 10% more than next week's 20-week AWR, which probably be around 160-170 pips give or take.
My bias for USDCAD is bullish hence I am looking at "support" levels to go Long. If price enters in the liquidity pool at 1.31950-1.3200 and 1.32170-1.32380, that will activate my bullish mode and will LONG if there is a trigger for me to do so. My potential targets are illustrated in the chart: the liquidity pool on the upside at 1.33050-1.33200, Boomerang Level** and the 20-week ADR upside projection
**you can read here to understand the Boomerang concept :
There is no risk event for the U.S and Canada
Navigating the Market : USDCHF (EURUSD cousin)Last week's range was 118 pips whilst the 20-week Average Weekly Range (20-day AWR ) was 124 pips. I would consider it as a range hit
This upcoming week's 20-week Average Weekly Range is 124pips. My bias for this pair is bullish (I am bullish on USD across the board) hence I will be looking to LONG at dips and/or at a completion of a stop hunts/liquidity run at a potential low of the week. My guesstimate of this upcoming week's low between 0.98800 and 0.99000.
If price enters this liquidity pool that will activate my bullish bias and I will wait for the bullish trigger. There is a reported Option Expiry at 0.97800, that would probably become my first take profit target. It coincides with a liquidity pool to the upside as well and 13-18 pips aways from the 20-week Average Weekly upside projection.
No risk event for U.S and Switzerland
EURUAD2 points of interest on this pair right now with 2 places of imbalance to be filled.
Will keep my eye on both possible entries moving forward this week for possible clearing of liquidity pools below.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
EURNZDLooking for the open order to be mitigated before we potentially see a big drop clearing liquidity levels below
BTCUSDWyckoff event phases playing out perfectly so far
We can now look for a breakout to the upside this week clearing liquidity levels
PATIENCE - CONFIRMATION - ENTRY - PROFIT
XAUUSD - GOLDWith US pairs starting to looking bearish , I'm wondering if this could mean a bullish rally for gold .
Looking for the imbalance of price between 1493 and 1491 to be filled beforehand however before any considerations of buys to be taken.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
Reading the Right Side of the Chart : EURAUD 19 September 2019Yesterday's trading range was 63 pips whilst the 20-day ADR was 114 pips. I am expecting a price expansion today and I am hoping the high of the week will be formed for this pair and goes on a downward move towards the weekly downside projection (the 20-week weekly range is 230 pips).
I am looking at the liquidity pool around 1.616 -1.620 and when price enters and/or breaks through it, then it will activate my bearish mode and will wait for a bearish technical signal to go short EURAUD. Moreover, price closing at these area coincides breaking the Tue-Wed high price (Phase ONe activation or "P1").
You can find the linked post to understand this concept
There is a risk event for Australia today, the Job Number in less than an hour of this writing
USDJPYWith previous double top broken awaiting a retest, also a gap in the market to be filled in from the 6th may, I am looking at this pair to go long to eventually fill that gap while collecting liquidity.
Reading the right side of the BEAST : GBPJPY 17 Sept 2019Yesterday the daily range was 122 pips whilst the 20-day ADR was 142 pips. There was a miss in daily range even though 20 pips for this beast could be considered a hit. (Discretionary analysis red flag!), I am NOT anticipating a price expansion today (price exceeding the daily ADR range).
Having said though, I am looking at the liquidity pool around 134.00 - 134.20 and 133.30 and 133.50. If price enters in the zone, that is a bullish activation and I will wait for a bullish trigger before I could enter Long the beast.
There are no risk events for the U.K and Japan
Reading the Right Side of the Chart : EURUSD 17 Sept 2019Yesterday the price went on a 90 pips price expansion. I anticipated a 65-75 pips yesterday (Read it here : ) and this was not good for me personally. Yes, I was Bearish bias for EURUSD but I would only short the pair if the price taps into the liquidity pool that I have pre-determined. Well, new day, let's move on.
As I already mentioned above, yesterday the price expanded more than the 20-Day ADR projection hence I am anticipating a wee bit amount of price correction or accumulation today. What that means is, which I also hope for, price to tap into the liquidity pool that I have identified based on yesterday's price action.
By the way, the price area that I marked with a yellow box, is a trading concept that I haven't introduced but I am sure every price action trader know what that is. Liquidity pool can also be identified via areas where you see a decent amount of price accumulation/small correction.
The 20-day ADR for today is 60 pips. Since yesterday had a price expansion day, I would not be surprised if the daily range today is between 35-45 pips, few pips short of 20-day ADR, which means I potentially have to wait until Wednesday to get any possibility the price would tap into the liquidity pools that I have identified.
If price gets into one of these pools, that is a bearish activation for me and I will wait for a bearish trigger signal to short the EURUSD.
No Risk Events today for the U.S and the Euro
Reading the right side of the chart : GBPCHF 17 Sept 2019Yesterday the daily range was 63 pips whilst the 20-day ADR was 91 pips. There was a miss in daily range hence I am anticipating a price expansion today, and hopefully to the downside tapping into the liquidity pool.
I am looking at the liquidity pool around 1.12270-1.12300 and once price enters in the zone, that is a bullish activation and I will wait for a bullish trigger to long GBPCHF. If the price goes lower, all I could do is wait and see if the price reacts at the liquidity pool at 1.12180 - 1.1220.
There are no risk events for the U.K and Switzerland
Reading the right side of the chart : EURCAD 17 Sept 2019Yesterday the daily range was 156 pips whilst the 20-day ADR was 110 pips. There was a price expansion yesterday so I am anticipating either a small correction (towards the liquidity pool at the upside) or a continuation downwards but in a small range.
I am bearish bias for EURCAD hence I am looking to short this pair. I am looking at the liquidity pool around 1.46000-1.46300 and 1.46600-1.46800. If price enters in these zones, that is a bearish activation and I will wait for a bearish trigger to short EURCAD. If the price goes lower, without touching these zones, I will wait and see if the market gives me a fresh market structure that I could work on
There are no risk events for the Euro and Canada today
EURJPYA lot of liquidity to the upside waiting to get swept away if the entry price holds.. If all are successfully swept to meet the mitigation order, we are looking at over 900+ pips with a risk of 30 pips.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
