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.
Orderblock
$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.
DXY ANALYSIS FOR UPCOMING WEEK !!After the market showed a sign of respecting the monthly bullish order block I want to see the market take out those equal highs that have highlighted. I previously published a similar trade idea but the market ended up dropping instead of rising like I thought it would. Which is fine this happens often its about how you pick you're self up and now I feel more confident about a DXY that will be on a bull run this week. As the dollar is rising I would like to see lower pricing on GBPUSD and EURUSD so lets see how the week plans out. I will send more trade ideas through out the week, hope everyone has a blessed week.
EURAUD TRADE IDEA FOR TONIGHT Hello all that are reading this. As of right now I'm bullish on EURAUD long term. I would like to see the market hit off of the bearish OB that is right by the OTE yellow zone that I have highlighted. It is simply the range from high to recently low where I think we have a high chance of catching a nice sell off. Now if the market does not trade up and just drops to the bullish OB then that can also be taken as a trade idea. So there are two things that can happen here. Any trade idea should be taken with risk management. Also there is news at 9:30 est time for AUD this is once of the reasons why I am trading this pair today. Enjoy and let me know what everyone thinks or would want me to look over.
GBPUSD TRADE IDEA I would like to share another trade idea. If you look at my last trade idea you could read and see that I said I won't post another trade idea until Tuesday London session but I was looking at GBPUSD and I really like this trade set. I don't really trade on Sundays or early Mondays but if the market does run down to this Order block on the one hour I would like to see the bull run continue from there. Also a 4HR FVG. My target will be where we have the buy side liquidity pool and possibly see it raided. The pool starts at 1.32087 once it's there we may see GBPUSD continue through those equal highs and continue trading higher. Happy trading.
EURGBP TRADE IDEA FOR THE WEEKI would like to share my trade idea for EURGBP for the rest of the week. This is just an analysis on what I am currently seeing, since NFP week is coming up we may see consolidated markets and then some explosive movements. For right now I am bearish on EURGBP along with being bearish on the dollar but I don't really trade NFP weeks I like to mostly practice. Like how I did last week for FOMC week just have an outlook of what can happen if I am correct then great if not great I will learn from my mistakes. My annotations should explain the trade idea I didn't really talk about it here because of that. I'll send another trade idea Tuesday before the London session. Till then enjoy this idea and happy trading.
CADCHF Long - FlashcardCADCHF Long
Direction: - Started a Bullish Cycle from 3 days ago when PFL (Peak Formation Low) formed.
- H1 & H4 MBL (Market Base Line) on TDI leaning upwards, from below the 50.
- H1 OB (Order Block) was being respected.
Entry: - Low was held for multiple hours at the H1 OB (Order Block), which is a resistance point. Candles never closed below that low (resistance point), and in fact some candles pinned that low. This price action indicated that the pair was going to rise.
- The candle that formed the low of the day was where the RSI crossed back into the volatility bands, indicating a probable rise in the pair. In addition, the RSI was at the 32, showing that the pair was oversold.
- The MBL (Market Base Line) started to point upwards, indicating a rise in the pair.
Exit: - 11 pip SL @ 7 pips below low.
- 16 pip TP 1 @ just below 200 EMA (resistance point)
- 24 pip TP 2 @ just below 800 EMA (resistance point)
Bitcoin Still Bullish Despite the Bart? 📊 | BITCOIN ($BTC)📈📉Bitcoin saw some exciting price action in the past 24 hours, but the volatility did very little to change the bullish trajectory. In theory, the money printing, uprisings, and tech bull market should be a perfect storm for crypto (and Bitcoin especially). With a bullish chart and a bullish backstory, our outlook on BTC is bullish. Let's look at some levels for the bulls to buy.
Assuming we don't just get bullish confutation from here and instead see consolidation first, the S1 S/R flip and orderblock cluster is our first support range, but it is the S2 S/R flip and orderblock cluster range that we are looking to find support and see potential accumulation.
To the upside, we have R1 at the previous high which should act as minor resistance on the way back up, and then we have the R2 S/R flip and orderblock cluster and the R3 orderblock cluster which should see reactions as well.
The overall plan for the bulls is simple, re-accumulate / accumulate at S2 and ride the bullish correction back up to the next previous swing high that need to be retested at R3.
Resources: www.coindesk.com + www.coindesk.com
🚩Drop a comment asking for an update, we do NEW setups every day!🚩
Like, Comment & Follow to help the community grow🔥
AUDUSD "CAP ZONE" SHORTOver a months long consolidation stuck in the 0.63750 - 0.65670 zone, we noticed a clean break up to the 0.66787-0.66389 sell block zone. Following "The Box Strategy" we should witness a push & pull through our "cap zone" 0.66214-0.66023 and our profit wave reaching 0.62577 (380pips)
EURAUD OverviewPrice currently in a downtrend on the lower tf and approaching an OB, alongside a shark pattern was spotted which perfectly congruent with the institutional candle just right below liquidity pool created. going to the 30 mins tf, a deep crab was also stotted which also aligns perfectly with the PRZ. check comment below for the lower tf analysis.