Orderblock
Crab Before Reversal?USDJPY, this is where I believe price will reverse and if not reverse give a strong reaction/bounce at least 50/100 pips, I will be setting a limit order here, we have a daily order block + and imbalance fill in the same zone which lands directly inside the D point of this crab on the Daily chart.
Lots of confluence here.
What's your thoughts? a
CHFJPY Short trading setup #CHFJPY #FOREX #4H
- Here is CHFJPY 4H chart. I have drawn a short entry area with a green box.
- It has been entered already and a decent amount of rejection was shown. It would have been better if I posted before position was entered.
- Anyway I think these short trading setups drawn on the chart has fine RR Ratios.
EU Buy PositionI see a 4HR Order Block above price at the 1.18204 level and I believe the recent bullish momentum and bounce from 1.16841 has created a switch in the trend and price will begin moving back up towards the Order block to reclaim the sellers liquidity and mitigate the OB and previous highs. We have formed a new higher low on the 4Hr timeframe at 1.17007.
I will be monitoring this at the market open to see how price jumps / reacts.
EURNZD BUY LONG / SMART MONEYEURNZD 2 hours
Searching for two possible buy setups, the first of which is a sweep of Asian lows. If not, I'll wait for a key retracement at a target zone. I'm hoping it will respect the macro structure it's created; if it does, we'll be fine. If the slower market structural momentum begins to decline, I expect a continuation rally to the downside.
AUDUSD | Market outlookAUD has shown moderate gains against USD during the Asian session, correcting after a series of declines and trying to move away from local lows since August 24. The instrument is slightly supported by the minutes of the meeting of the Reserve Bank of Australia (RBA) published yesterday, which strengthened the market's belief that the Australian regulator will not rush to tighten monetary policy in the near future. In particular, the RBA plans to raise the rate no earlier than 2024, and the current volumes of the quantitative easing program are expected to be revised only in mid-2022. In turn, the weak macroeconomic statistics from the PRC, which more and more clearly indicate a high rate of slowdown in the Chinese economy, exerts a noticeable pressure on the instrument. Traders are also discussing the possible bankruptcy of one of the largest Chinese developers, Evergrande Group, which could lead to new shocks on the stock markets.