OB
APTOS Outlook APTOS is one of the best performing large caps of this year with a 280% increase YTD. This is how I feel we could see price move over the coming weeks/months.
The price structure is clearly a descending wedge with quite a steep decline.
The bullish scenario is that price breaks out --> pushes above green line --> retests as support and moves higher towards targets 1 & 2, we've seen APT produce some incredible rallies so far, so this is not out of the question by any means. Obviously BTC price action has a part to play in altcoins rallying however, I do feel like if BTC starts pushing APT is one of those coins that gets a pump.
The bearish scenario consist of price remaining in this structure of the descending wedge, cascading down towards the many FVG its previous rallies have left unfilled. First of which is APT's previous ATH, it's right in the middle of a large FVG that's fast approaching. My guess is there are some big players willing to protect their positions at this level, however there are clear bullish Order blocks equally distanced below that I wouldn't rule out revisiting and would offer even greater potential. We would see RSI in the oversold area at that level and then I would look to enter long term positions.
EURUSD isn't turning yetAs most people are looking for eurusd to make a turn back down we keep seeing it rally up not knowing when it will stop but i have an idea of where and thats what i'm gonna share with you today,
as you can see on the chart looking at it on the daily we have equal highs wich are attracting price to that supply zone, maybe once they are out we'll be able to start taking sells again, hopefully soon to continue with a bear year for eurusd, i might make another post on macroeconomy and fundamental analisis just to explain why eurusd will be going down this year.
BTCUSDT H1 potential long position Hi, price has continued to create LH (Green dot)
if price backtests OB+ which is also FIBO 38-50
could observe if bullish signal appears or has enough bullish momentum,
if does could consider it's a long entry price range,
as seen on chart, price backtested FIBO 38 and still has valid support so set SL here,
TP at Fibo 78.6 which is also the upper edge of consolidation now
Entry, TP, SL are just personal opinions, could adjust to fit your strategy,
All above is not investment advice!
CL1! Potential short HTF - Bearish
LTF is accumulating liquidity
if price backtests OB- ( the lower supply zone )
(As long as it does not break through the 12/20 upper wick, the supply zone is still valid, and if it breaks through, it may backtest the upper supply zone)
If there is a short selling signal appearing within OB- (lower one), can consider placing order.
Entry ragne, SL, TP are given on the chart, adjust to fit yourself, above is just a reference
All are personal opinion, not investment advice.
How To Choose High Probability OBHello traders
- In this example, we will explain how to choose a high probability OB for your entry. And what you need to pay attention to.
- If you want to choose a good OB, you must read every detail on the chart and take into account everything you see so that you can determine whether your OB is the high probability or not.
- One of the most important things we need to have with a high probability OB is the present momentum. When we see momentum, we know that the price has the potential to continue in the same direction.
- Here you can see 2 examples. In one example, we have high probability OB, and in the other, low probability OB.
- High probability example:
On the left, we see a high probability example. Momentum is present, and the price is making strong BOS. When the price impulsively breaks through the high, as in this case, we know that the price has a great potential to continue in that direction. In the end, we see a good closing of the candle, the price did not leave a big wick and filled the entire bullish candle. In this situation, we have a high probability OB.
- Low probability example:
On the right side, we see a low probability example. Momentum is not present, and the price makes BOS weak. When the price weakly breaks through the high with wick, we know that the price no longer has momentum and will most likely change direction. We see a low candle close and a large wick which tells us that the price has no momentum. In this situation, we have low probability OB.
If this example helped you better understand low probability and high probability OB, leave a like and follow us for more content like this.
EURNZD CASE STUDY 1:60 RRLooking around on this past entry that I have
analysed back then. POV: The analisys was right
but I didin't took the entry.
So first of all we were looking for possibles sells
entry's on the Distribution structure formed, at
the the end of September to October. Continuing
with the market direction we see that price broke
structure to the low and created a new LL on the daily (1D).
We missed the first entry's before BOS (Break of Structure),
but as we know, we always going to have another
or better entry, if we missed the first one.
The market is full of opportunities.
What we see?
Price went and retested a Weekly POI (Point of Interest) and then broke structure to the downside.
1º Confirm that price is going to do a correction
2º Look for possibles zones of supply or OB
3º Hold the trade if price brake a LL again
Looking for our supply zone.
If we zoom in on the ENTRY 2, we can see 2
possibilities for entries; the first one is the NULL ZONE, it has a OB that was partly mitigated.
And the second zone is an OB+ IMBALANCE on a blue box, that was refine on the 5m TMF (Time Frame)
Why did we choose this POI?
The zone of supply lead to the BOS (Break of Structure),
the second confluence is that is a OB on the 1D TMF
EUR USD potential movesI'm back after a while, again with the EUR USD pair.
We can see some form of consolidation and indecision with the current price movement.
I marked interesting areas of supply and demand. But me, personaly i would only consider SHORT positions due to overall market bearishness and ofcourse the strenght of the dollar index (even if it doesn't reflect the real world situation entirely).
If an oportunity doesn't present itself today, i'm most likely done for the week, unless ofcourse i see a very clean A setup.
Let's see what new york open brings us:)
*TRADE SAFE GUYS, ALWAYS USE PROPPER RISK MANAGEMENT!!!*
Regards, T.
USDCAD LONG (SMC)OB once enters zone boom long nice 40% & im out. havent been posting my analyis latley becuse more focused on my trading. i moved to forex because my ftx is being annoying and keeps asking me for utility bills ect and ive already sent them but it cant read them i guess i dont know but im doing forex thanks fxpro and metatrader for not being annoying like ftx
GU shortsScale down to the one-minute TF to see my mark up more clearly. My reasons for going short on GU are...
+ Bearish trend overall
+Double bottoms, money sitting down below. People in long positions need to be taken out
+Voids below session low
+Asia session below void was not filled 100%
Going to wait for a BOS once we get a tap of void on 1M before entering, If I'm entering on the 1M TF I enter 1 pip in advance.