Mitigation
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.
USDCHF H1 - SHORTUSDCHF H1 - SHORT
Prices may be coming back for a retest of structure, potential forming an AC/D schematic before a SELL opportunity with a break of structure and immediate shift in momentum to catch a pullback SHORT towards 0.91000 support area.
For prices to fill the imbalance and our primary zone/resistance, it will liquidate the orders lying above the 0.91730 area, tapping into our key resistance before a sell-side move.
USDJPY H4 - LONGUSDJPY H4 - LONG
Potential BUYS off demand zone.
Looking for liquidation off the trendlines.
EURCAD H1 - LONGEURCAD H1 - LONG
Tapped into Weekly Demand Zone
Wait for BOS + Pullback onto H1 Demand
1:4 Risk to Reward
AUD/CADPrice has created a new higher high on the daily and done a deep retracement (HL) into the area it's in right now. Looking for price to create another higher high and test of the last IC candle to the downside and target some of the equal highs and areas of imbalance If there is a strong immediate reaction from entry area, then will look into entering the trade.
On the other hand, with the strength that price is coming down with, it could easily break the last lower low. So will be looking out to see if price has strong rejection from entry area, if so, a retest of that up candle would be the ideal entry.
CADJPY H1 - SHORTCADJPY H1 - SHORT
Lower timeframe formation on a daily supply zone.
We will be skipping this due to FOMC later, may affect YEN pairs.
GBPCHF H4 - LONGGBPCHF H4 - LONG
BOS > Liquidation of orders
Pullback entry after confirmation on LTF
To clear the last swing high
AUDJPY H4 - LONGAUDJPY H4 - LONG
Prices broke out of structure, leaving behind an unmitigated area of demand zone, waiting for a pullback with an AC/D on the lower timeframe, before taking a LONG position if we see a structural shift, with the lower timeframe being in line with our higher timeframe bias.
USDJPY SETUPUSDJPY 15M
Interesting setup on both sides, whichever that pends out first.
Prices tapped onto a H4 demand zone, propelling a buy-side move into a H4 supply zone, which made a sell-side move as well. We will be looking to trade the immediate moves on the lower timeframe if the setup is still valid for us to monitor later on.
Understanding how prices break structures, leaving behind unmitigated areas for us to catch an entry towards a specific target is important in intermediary movements like this. If you're unsure, skip this trade.
GBPUSD - Profitable ScenariosThis pair has been treading smoothly to the upside creating higher lows whilst respecting order blocks on its way up.
We are coming to a highly liquid area in the market that will be more than likely manipulated.
We have two scenarios for GBPUSD
- We either pull back aggressively into the previous structure before purging the huge supply zone holding above 1.4
OR
- We push up aggressively here to gather liquidity from the supply zone before collapsing to the downside. We have untested order blocks and HL's to wipe out, so this could be a huge sell when the time is right.
XAU/USDIt's been a few hours since the NFP release, which pushed price up over 250 pips within one hour. Looking like price might have been pushed there for the institutions to mitigate out their previous buy positions. If that's the case, looking for price to drop from where it is now for at least 150 pips, and could potentially come down a lot lower to take out the equal lows sitting further below.
On the other hand, price is still extremely bullish and could easily take out stoploss very quickly targeting the equal highs above, so will use good risk to reward and see how the market unfolds.
GBPAUD H1 - SHORTGBPAUD H1 - SHORT
Potential BUY opportunity if prices comes back to test the support area, potentially making a temporary buy-side move.
Since prices tapped onto the HTF or major resistance area, we are expecting a sell-side move, liquidating the orders lying beneath the swing lows, trendline and equal lows created.
We'll be monitoring closely.
NZDUSD H1 - SHORTNZDUSD H1 - SHORT
Prices got rejected from a higher timeframe structure, breaking out of the ascending trendline showing signs of reversal.
With sell-side momentum, we are able to look for a pullback onto an unrefined zone @0.71800 resistance area.
With that, we will place a SELL LIMIT ORDER @0.71800
GBPAUD H4GBPAUD H4
Prices looking towards a buy-side move, potentially testing previous resistance area @1.80500. Countertrend traders can look for a SELL entry if the opportunity arises, making sure that there is an AC/D around the area of interest before taking the trade with take profit area @1.79400 support area, before looking to take a LONG position for a continuation move upside.
XAU/USDGold that has been creating lower highs and lower lows on the daily, has retraced to a LH and bounced strongly off the last recent institutional candle. Looking for gold to continue its way to the downside, reaching the target areas below. Looking for it to make a new lower low taking out the liquidity below, also filling out some areas of imbalance. Two potential entry areas price may reject from for a SELL trade at 1790.80 and 1793.65 (0.786 and 0.88 on the fib). Low risk, high reward trade setup.
There's also great potential the trade can break past the stoploss area as there are target areas there too that price may want to come to. If that happens, will then look for potential trade setup in that area.
GA LONGThis trade is based on various different confluences, Higher timeframe is still bearish however, on the hourly we have mitigated of nice areas of demand forming bullish orderflow. We have plenty liquidity grabs and a break of a supply zone to the upside. Finally we have re-accumulated at a trendline which indicates we are about to take retail liquidity from trendline and all the lower highs. I have two entries in place and I will split risk between them both.
AUDJPY : Bullish trade setupM & W charts for AUDJPY are bullish.
Daily chart just rejected from a Daily bullish Order block and created a 4H mitigation in the process.
Trade idea - as price comes back to the 4H mitigation block, watch for any form of price rejection and then trade along.
Confluences for the 4H mitigation+ block
- in 50% discount area for the range
- 4H mitigation+ is inside 1D OB+
- Has clear upside liquidity targets
$SPX - Toss Up - Tight S/L (Multiple Options Laid Out)There's a lot of liquidity resting above the high 3934. I feel siunce that high there has been a pull back. I want to see how the bell opens and if it reaches lower into the range of 3921 - 3912 I would expect a bullish move to try and get above that liquidity and more liquidity above. This is also the bias since yesterday after the day ended. This is what I want to happen
Longshot but possibitlity it could just free fall and reach the breaker around 3890 in which I would wait to see if it gets to the low point of that breaker 3883 to see if it would turn bullish at that point.
4 hr has a gap opening at 3913 I feel it could also pullback to before moving bullish. A lot of moving parts, but I'll try to let you know the decision I make as soon as I do. SPX Moves Slow so we have time.
Will Let You All Know what I do ASAO
