Orderblock
XRP/USDT preparing the bottom ready for reversal to ATHXRP/USDT consolidating and price action preparing for a level 3 (low) move before the reversal upwards to the ATH .
On this daily chart , we can see the high at level 3, the first consolidation at level 1 and second (small) consolidation at level 2... Current price action is at level 3 where the following is observed
Using the 1Hourly chart, we can see:
https:// www . tradingview . com/x/CDNEpp5M/
1/ a Double Bottom formed at the 48 cents region, which suggests a high probability move with smart money and institutional move to RUN the LONG stops and Activate SHORT positions.
2/ there is a likely move low to the 50 to 46 cent region, with a significantly large wick (especially on the Futures markets) which will most likely present itself, in order to fill the Liquidity Void
3/ the liquidity void is between 33 cents to 40 cents, we can expect one of the following to occur in this region
- a wick may touch the top of the liquidity void at approx 0.4015 cents
- a wick may fill 1/4 of the liquidity void at approx 0.3800 cents
- a wick may fill 1/2 of the liquidity void at approx 0.36722 cents
- a wick may fill 3/4 of the liquidity void at approx 0.35088 cents
- a wick may completely fill the liquidity void with a low of approx 0.33130 cents
- a rogue wick which may fill 2x liquidity voids down to 0.30660 cents
In my opinion, the most likely target which the wick will drop to would be where there is an orderblock on the weekly at around 0.3600 region. Thus a half fill on the liquiditiy void.
After the above occurs, I'm expecting a significantly strong reversal UPWARDS to go for the next ATH at aprox $3.80 within this next pump upwards.
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This chart is my own opinion, no financial advice given, none suggested, trade at your own risk.
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NZDUSD (4H) Backtest : 46% win rate across 26 trades => 10.2 RBacktest results : prnt.sc
Icons on the chart
Thumbs up : Trade was a win
Thumbs down : Trade was a loss
Circle with a cross : Trade was breakeven
Cross : Did not take the trade due to presence of liquidity (equal highs) behind the stop loss
Variables
Avg winner = 1.6R
Strategy : wait for market structure break, then trade the retest of that zone. Zone is drawn using the first candle which crossed the pivot high/low to trap the traders.
$EURUSD - JUDAS SWING - Low of the week hit. (Idea)I personally called a buy to myself earlier this morning because I'm anticipating prices to get to 1.184-1.185 ish before we start to see a down trend. Here's The trade I personally called. I had a limit set and it hit in London and I woke up in profit so my natural instinct is that we would have a buying bias going into today anticipating that high for the week.
Then I saw another buy opportunity and took that.
And as you can see, that didn't work out
So like any normal trader I waited to see what was actually going on. And I still have my chart marked up with all of the order blocks and I couldn't have been more surprised to see that it hit the same order block from last week. So I bought based on that. It hasn't made a lower low so my analysis stands that it will eventually get to my high that I'm anticipating which is 1.184-1.185 ish. I've done too much analysis on this chart but I just got hit with something I didn't expect today. But that's ok. It just gives me another chance to get back to where it is going to be. So here's my current position to my current aim.
P.S. I don't believe in trend lines. Only discount prices.
$EURUSD - False Break Out ComingWhat I believe is depicted in the graph. Convince the retailers to buy during the London session while it runs into a bearish order block, there will be an abrupt turn around and price to head below the equal lows to trigger the retail sell stops. The probably a pull back and take those sell stops out at their stop losses. Then the continuation sell. The continuation sell will most likely happen around 6-8 a.m. CST. I would enter short anywhere between 1.17720 and 1.17900 and aim for 1.17250-1.17200. Hopefully Lower.