OB
GBPAUD... MASSIVE 17RR OPPORTUNITYHello traders,
I'm not really a fan of trading these pairs (EURAUD, EURNZD, GBPAUD, GBPNZD). Why? they come with more than usual spreads which make the limit orders not to be triggered. Nevertheless, I will place a limit order for this pair once this market opens tomorrow.
Just like the EURAUD, this pair is taking a breather before continuing the bearish move. You might wonder if there is any liquidity trap, well if I must say, there is always a trap but might not be visible on this timeframe. If you go lower, you might find,
Anyways, like if you agree.
Cheers!!!
USD Index DXY - Potential MMBM Monthly Timeframe: (check the linked image)
- The market traded aggressively away from a Bullish Orderblock.
- Last Month, DXY created a Bullish 3- Bar Fractal (swing low) which lead to an explosively bullish move. We can easily see the next monthly candle being bullish as well.
- We have now disrespected a very strong Bearish PD Array: A Bearish Breaker. It showed no willingness of respecting it, which means that buyers are in control.
- 3 months ago, we traded through a bearish candle. This bearish candle works as its own structural Orderblock, and we shouldn't see price drop below this level (like the two green boxes below). If it does- we might see a reversal lower.
Daily Timeframe:
- We have a potential ICT Market Maker Buy Model playing out.
- We are in a massive uptrend, and we can easily see a continuation of it.
- We are getting closer to the Weekly FVG's High.
- At 101.000 (institutional number), we have very clean Equal Highs. Price can easily draw up to this level, as a massive liquidity pool resides here. Expecting a manipulation through this level, potentially up to the Volume Imbalance.
- At 101.640, we also have a daily Volume Imbalance Vaccum Block. This is a huge gap in price which likes to get traded to, and filled. Sometimes you'll see a reversal at this level as well.
Caution:
- This is just my view on the USD. Price may not play out as expected. This can especially be due to the current war situation in Ukraine. Price can create Black Swan events and massive volatility that can ruin the setup on a Daily TF.
- From 97.720 to 98.000 we have a volume imbalance below current price. DXY can easily retrace lower to fill this level. If this happens- it can respect this volume imbalance and go higher from there, or create a lower retracement.
A very very first time for this Newbabie - SMC+LiquidityAfter scanning quite a lot of videos and articles and discussions with buddies, and started to mark the key area on the chart. Not all the trade were taken, but i did backtest and paper trading most of them.
What confusing me is the TF that where i am truly in! have to workout on this
NZDUSD Buy Entry TypeWe have broken the HH, the most recent structure and
mitigates the marked area and returns to the downside.
We note that the price has made several
Complex Pullbacks (CPP) and refers to the 2h OB.
One of the options that the price can make when reaching the OB is:
1- Complete it at 50% or 100% of the OB and change direction upwards.
2- Break the HL and continue down.
If the 1st option is met, we will search for TP1 and TP2.
EURJPY Possible Bearish CorrectionThe weekly structure is bullish, the price has
reacted perfectly on the Points of Interest (POI)
marked. Now that the price is accumulating and
showing upward weakness, we look for possible
areas where the price could reverse and make a
correction or structure change.
1st Zone.
This zone has previously been mitigated by
showing price rejections. If the OB has previously
been mitigated twice, that Offer zone will become
Liquidity, so 100% of the OB will have to be
completely mitigated or exceed the zone.
2nd Zone.
The marked area is above the 1st OB , which is
part of the liquidity. This Offer zone has not been
mitigated + it is the 1st zone where the price has
reversed and respected the zones of interest
towards the downside.
Short EURJPY
I used my own method to determine OB zones.
I’ve lost the entry of secondary volume center.
Enter a short trade at higher half of last bullish candle which correspond with volume center. Enter between 132.108 and 132.154
Put SL slightly higher than the bearish 132.440 could be a safe SL.
Take profit at middle of top half the previous +OB which is somewhere between. 131.100 and 130.912.
My TP is 131.007
EURGBP Bearish swingOn weekly (1W) and daily (1D) structure is aligned, with a bearish trend. We observe several structure breaks at 4h and 2h time frame, it also shows weakness in creating a possible bullish structure change. Throughout the range, the price has formed accumulation zones (Liquidity) and followed by a breakout of the liquidity zone (SPRING).
Continuing in favor of the fundamentals we can have a correlation with our confluences. We mark our Point of Interest (POI) at 0.84305, which is an OB in the 4h timeframe, and we see a liquidity zone below, which the price will break. In relation to the trend we will break the point 0.84240, which would be our 1st TP. The next TP would be 800 Pips, since the next Point of Interest (POI) is on a weekly reversal bar at 0.77000.
What is an Order Block? 🎯Why are order blocks formed?
Order blocks are created when a breakout move doesn't go to plan.
If banks get caught in a fake breakout move, they aren't going to sit and cry about it.
They are going to push the price back up/down so that they can close out of their negative positions to join the correct side of the market.
Stop using order blocks that have no logic, widen your chart perspective.
NAS100 Making a small way UP before heading to 13000 again? 👀Hello Traders,
I am new to Smart Money Trading and still learning 🤓
Here is my analysis on NAS100 short term for the upcoming week.
Market is making equal lows around 13630 area and I would like to see some push to the upside and break the previous recent high which is 13829 area.
I am not looking to enter buys on the retest yet. The market might trap the buyers so I will wait for the price to retrace back to around 13760 area to enter a trade.
This would be a great RR if it played out well.
This is just my market analysis for the upcoming week and I don't intend to enter immediately once price reaches the marked area. I will be looking at the smaller timeframes once the price reaches around 13760 area and decide whether it would be a great area to enter a trade.
Comment your thought below and we will see how things work out in the upcoming trading week.
Order blocks and Breakers tutorial !!OB = ORDER BLOCK
The LAST BULLISH or BEARISH cand before an IMPULSE up or down, represent an OB or Order Block.
-Why do we call them order blocks and why are they important?
Order Blocks are one type of supply and demand on the market, you can expect them to act as a support or resistance depending on the impulse after them.
an OB is where larger players (whales, institutions, banks) have orders laying in wait for the price to return to a level they are interested in, so that's how they act as strong supply or demand areas.
-Which OB is bullish and which one is bearish?
the last bearish candle before an impulse up is a BULLISH OB . so we highlight that candle from tip to toe (wicks) and name it as our POTENTIAL support area.
now you can guess how the bearish one looks: the last bullish candle before an impulse down is a BEARISH OB.
NOTE: DO NOT BLINDLY BID/ASK AT THESE AREAS, THEY OFTEN TEND TO TURN INTO BREAKERS
Now what is a BREAKER:
Breaker is an OB that fails to hold and the price finally breaks through it
-Just like OBs we have bullish and bearish Breakers:
BULLISH BREAKER, when a bearish OB fails to hold as resistance and the price jumps above it we expect that area to act as support now.
vice versa with BEARISH BREAKER, when a bullish OB fails to hold as support and the price breaks it to the downside we expect that area to act as resistance now.
in my experience Breakers are often stronger than Order Blocks and the first retest on them is very successful and profitable for me. DYOR and backtest and find your own strategy.
and by the way, if you find these information useful please leave a like and comment, thanks ;)
EURAUDWill be waiting for a strong reaction at the buy zone. On the 4H tf, the market price is heading towards the uptrend. I'm still a student leaning about market structure, fundamental analysis and SMC(smart money concept), if you do have any ideas to share feel free to drop a comment below.
Let's see how the market will react to it.
Note that I'm not a signal provider nor a market analysis, take trade based on your own risk.
GBPJPY ON THE RISE Hello traders, here we can see GBPJPY that broke structure to the downside and got stopped at our bullish orderblock on the daily chart. current made a correction to the upside breaking current structure, just waiting to break through this trendline and we will be looking to take long positions. Good luck and Happy Trading Everyone !
CHFJPY - Multitimeframe AnalysisCJ is looking good for shorts. We have multiple confluences for it as explained in the video.
Summary:
Monthly Timeframe:
- Price has just run up higher filled in a Fair Value Gap perfectly. It seems to be reversing from here.
Weekly Timeframe:
- We have an unmitigated Orderblock. Since this orderblock was a "Sell to Buy", means that the selling positions from Smart Money are currently in extreme minus positions, and they will want to reprice lower to mitigate out of their minus positions.
Daily Timeframe:
- We are creating SMT Divergence with its correlated pair - EURJPY. This means that CHFJPY went higher to run out the buy stops and made higher highs, will EJ is creating lower highs. CJ will most likely distribute to then run lower.
- Price has just reacted off a Daily Bearish Breaker Block, which should push price lower.
- Huge Imbalance FVG Gap. Price will come back to fill it as fast as possible.
- Massive Consolidation. Below these consolidations, there are lots of sell stops that will get taken out.
H2 Timeframe:
- Potential Sell POI. Valid Orderblock + Breaker that also caused the last low to get broken to the downside (Break in Market Structure - BMS).
- We have a Bearish Trendline that has three beautiful touches. Everyone that already is in Shorts from the trendline will get liquidated at the next mitigation of the Trendline up into the OB + Breaker and sell off further from there.