Orderblock
#analysis 59 - Weekends endSo the weekend has finally come to an end, and we can see there's not much altcoin flied far. Now Bitcoin has come to a consolidation phase.
Not pretty sure how it go, so flat now. But I did check the chart of FTT. It seems that pretty good if we reach the lower part inside the range. Look forward to going to the range high if we made a bounce down below. However, the SL should be at around the range low, not below the OB for safety.
Why?
The range low has already tested for 3 times, which is not pretty good for general cases. Also, now not pretty sure how Bitcoin go in the new week. We'll set it when Monday ends.
So let's take a rest for another day.
NZDCAD Prize was in a down trend for a couple of days and suddenly changed direction hence breaking the LH . the move that broke the HL is what we marked our H4 demand that caused a CHOCH. we are waiting for prize to come back to fill any imbalance left hence mitigating the order block. once prize come into that H4 demand we are anticipating prize to move up to create a new HH.
USDCAD.... BULLISH TRADE IDEA... 20RR TRADE OPPORTUNITYHello Traders,
USDCAD has been bullish overtime and one thing you will notice is that the market had cleared the daily equal highs (daily timeframe) which led to the recent bearish leg.
Price has approached a very sensitive area and I suspect that the early buyers will be taken out.
Why do I think so? trendline liquidity has been formed and needs to be taken out for the strong bullish move to occur.
I have marked the zone where I speculate this move will start from.
Let me know in the comments what you think about this idea.
Cheers Fam!
EURUSD... SHORT TRADE IDEA... 15RR OPPORTUNITYHello Traders,
EURUSD has been bearish for sometime now and we have seen some retracement (profit taking).
On my chart, you will see the trendline equal lows that was taken out before the bullish move and you will also notice the trendline equal highs that the market went to sweep. Now that the market has taken liquidity (trendline equal highs), we can expect price to continue bearish.
I have marked the area in which I expect price to continue the bearish move from.
Let me know what you think in the comments.
Follow for more.
Cheers.
#analysis 49 - If breakoutIf BTC is stronk to break out current consolidation stage, I'd expect it rising fast inside the FVG zone till the next OB, which shows resistance for it.
However, the scenario may not be highly possible as the major trend is still down. Just write it up as a note for myself.
#Eth PullBack - Two Options that could Happen according to SMTSMT is Smart Money Theory - Please see my previous published posts for the definition.
We have the price coming back down to fill the 4 hour fair value gap void (1315-1288). If it happens to get below that The Second option would be the Fair Value gap below that (1182-1148). It could reach higher before it falls back to these areas. But price always seeks imbalances and liquidity.
Good Luck and Happy Trading
AUDUSD.... BULLISH TRADE IDEAHello Traders,
AUDUSD has been bearish for far to long but a bullish opportunity has presented itself.
You will notice that this pair took out the equal lows and is gearing up to take out the trendline liquidity as I have marked on my chart.
I have also identified the zone you should trade from. This will give you a better R:R.
If you like this content, follow for more.
Cheer!
USDCHF.... SHORT TRADE IDEA... 10RR POTENTIAL Hello Traders,
Here is one for those in doubt for what pair to trade this week.
USDCHF is at a solid supply in the monthly, weekly and also daily timeframe. If you look at the monthly, you will see strong rejection candles and the weekly will display more information on that. Though I speculate that the dollar will fall to a size amount this does not mean it will start a bearish trend, but a profit taking situation.
If you change your chart to the daily timeframe, you will notice why I have strong feeling that the bearish leg (profit taking) will continue from here.
History doesn't repeat itself but it does rhyme most times.
Let me know what you think in the comment section.
follow me for more trade ideas.
Cheers.