EURGBP UPDATE.... 21R LONG TRADE IS STILL VALID Hello traders,
If you agree with my trade ideas, like it. If you don't, let me know why in the comments... thank you.
This is an update on my previous EURGBP trade analysis. The long is still valid and my limit order is still active. What I did on this chart is to adjust the buy side liquidity pool according to recent price action. If you look at my previous analysis of this pair (I will attach the link) You will see I did not make any other change.
You know as they say.... In trading, you need to adapt to current price action.
That's all folks...
Cheers
Orderblock
USDCHF...CHECKOUT THIS 15R LONG TRADEHello guys,
Before I state why this long trade, if you agree with the trade idea, like it. If you think otherwise, let me know in the comments why...
Now, I have been monitoring this pair for a long trade because the weekly and daily are bullish in structure and price has cleared two demand order blocks. The most recent sweep of the daily demand order block has caused price to change market structure i.e. market is now bullish. As you can see in my chart analysis, I have marked the liquidity pool which price is meant to take out before making its move upwards.
I will attached the link to my previous analysis of this pair for educational purposes.
Cheers!!
$ZEC - Retracing to Bullish OB Then Attack Liquidity Above *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
TLDR;
Entry: 92.3-92.5
Stop Loss: (88.5-89.2 Depending on Broker and how much your willing to give up below the Bullish Order Block)
Take Profit 1: 96.3-96.4 20-25% of profit removed here (Move SL to 90)
Take Profit 2: 97.4-97.6 (Bulk of the trade off here up to 85%-98% of the trade, move stop into break even)
Take Profit 3: 99.5-99.6 (127% Extension meets the Fair Value Gap Above the equal highs/Liquidity Line
On the Hourly it appears that after price had broker the structure of the lower dealing range, it retraced back down to the breaker of that range and continued up until it hit equal highs with the price before th major drop off. These equal high are creating artificial Liquidity meaning that most traders who see the equal highs automatically think "Resistance" It may be met with some resistance but smart money or Institutional traders know that there are retail traders that have their shorts sitting there with, most likely, a short stop loss.... Or a buy stop with a short stop loss. I see this everytime, The price will come trigger the buy stop people and to take out the SL of the people Shorting with a limit, then it falls more to take the buy stop traders SL out, then continue up to find an imbalance or liquidity. And there's an imbalance at exactly the 127% extension.If there's a slight chance that doesn't happen I do have multiple take profits set up, but more than likely this will be the scenario. I've seen play out so many times that I know there's players in the room with large amounts of money able to manipulate the charts right when they want to. If this doesn't Happen, I'LL be Surprised.
Good luck and happy trading :)
EURGBP.... 21R LONG TRADELadies and Gentlemen,
There is something about liquidity pool and grab that I have noticed but I will not be talking about it in this post. Maybe soon.
Anyways, EURGBP recently cleared the monthly liquidity pool, and it is heading to clear the trendline liquidity pool which can be seen on the weekly and daily timeframes. As for the 4H timeframe, I have marked the liquidity pool that price has created for it to takeout to move freely - SO BEWARE -.
Will price get to my buy limit order? I don't know but that is where I intend to buy from.
One thing about EURGBP & USDJPY is that the level of price manipulation and spiking is high so be careful when placing orders.
It's better for your order not to be triggered than to be taken out only for price to head according to your analysis. That way, your confidence in your trading system grows.
Enough said.
Like this analysis makes sense to you.
Cheers
David
USDCHF Daily time frame order block and FVG fillLooking at the daily USDCHF timeframe were looking to get filled on orders beginning at this massive orderblock where I'm expecting many orders to be resting. Were looking to at least fill the fv gaps and possibly get take profit at around the last high.
USDCHF.... 18R SHORT TRADEHello guys,
As we all know by now the dollar has been heavily bearish in the past 2+ weeks. although on the monthly timeframe, it is still bullish but for now it is bearish.
Now, on the USDCHF, I am looking for a long opportunity as the pair is coming close to a demand region but I only did this analysis based on request. As you can see, I have marked the liquidity pool which price is meant to take out and head towards the sell order.
This might be the last bearish leg before the bullish move... As for me, I will not be taking this trade as I have other SWEET pairs to trade.
Anyways, let me know your take on my analysis.
BR
David
EURJPY.... MASSIVE 25R SHORT TRADEHi Guys,
This pair tapped into monthly and weekly supply order block and the daily is heavily bearish. As you can see on my chart, I have marked the liquidity pool which I expect price to go and sweep then trigger my sell limit order and proceed downwards.
Simple and straight forward trade.
Enjoy.
David
AUDUSD..... 14R SHORT OPPORTUNITYHello fam,
This pair is building liquidity on its way to the supply order block. Now, most people will be eyeing the previous daily high to look for the supply order block but will ignore order block just above the daily high (where my sell order is). One thing for sure is that for price to make the move downwards, it must takeout the majority. Always know this, "price must take before it gives".
I can't say for sure that the daily high will be violated but if I was the algorithm with the controlling power, I will take out the daily high with a shooting star. lol..
Let me know what you think.
Cheers
David
CHFJPY... 12RR SHORT TRADEHello Guys,
The CHFJPY pair has likely swept the monthly liquidity and is retracing for another bearish leg on the weekly. Looking at my 4H chart, you will see that I have marked all the liquidity sweep that price is likely to make before continuing bearish. I am expecting price to try to go bearish from where it is currently to make people think the bearish leg has started then take them out and head to my sell limit order to begin the actual bearish leg.
Let me know what you think is the comment section.
BR,
David
GBPUSD.... 16RR SHORT OPPORTUNITYHello fam,
I have not been feeling to well hence the no posting streak. Anyways, I am looking at taking this short next week as price has cleared the previous daily high and will need to take liquidity from somewhere to make the move down before likely heading to the weekly supply order block.
The monthly is also heavily bearish but I do expect another bullish leg to reach the weekly supply order block. But for price to do this, it needs to sell, takeout the previous higher low (where my TP is) before continuing the rally upwards.
I am kinda better now and I will be doing more analysis.
If there is any specific FOREX pair you would like me to analyse, let me know.
Cheers!
David
EURNZD SHORT.... 10R OPPORTUNITYHello Traders,
We are looking at a pair that is long term bearish i.e. on the monthly and weekly timeframe. This pair is retrace on the daily timeframe to take out liquidity to go long as it seeks to complete the weekly retracement. I have placed my limit order on the order block that caused the impulse to the down side.
If you observe well, you will notice that price went bullish on the 4H timeframe and took out the equal highs for it to go short.
Let's ride the swing to the down side.
Cheers!
David
USDCAD.... 10RR LONG OPPORTUNITYHello fam,
Based on my multi-timeframe analysis, this pair still has some bullish fire in it. It is yet to tap into the nearest weekly supply order block hence the move upwards is still valid. Although the weekly timeframe is retracing and the daily seems to have printed bearish market structure, be aware that there is liquidity just below the daily order block which makes so much sense for price to sweep that liquidity. I am a bit skeptical about this trade because there is a another valid reason for price to get to 1.25... If price does not respect this order block, then the next target will be 1.25 to go long.
I am not looking for a bearish move on this pair as there other pairs to look at.
NB: never try to trade every move... look for the move that aligns with your analysis and strategy.
Cheers!!!
David
NZDCHF... 13RR SHORT OPPORTUNITYHello traders,
This pair is yet to tap into the monthly order block and is retracing on the weekly which gives a good reason why the bearish move is not over yet. On the monthly timeframe, you will notice that price is likely going to take out the low it created so that it can have enough liquidity to push upwards. On the 4H timeframe, my sell limit order has been set in the according to the weekly order block which sits above equal highs (liquidity). I am anticipating that price will take out the equal high (previous daily high) there by triggering the sell order and continue bearish.
Let's see what happens.
BR.
David
EURGBP... 20RR OPPORTUNITYHey traders,
This pair hit monthly demand, and is heading for the weekly demand order block. Price has created equal lows (can you spot them) which means liquidity is below them. I have placed a limit order anticipating that those lows will be taken out and my order will be triggered to continue the weekly bullish move to take out liquidity on the way up.
What do you think?
BR
David