ES - short-term analysis Yesterday, we witnessed a sell-off down to the 4-hour Breaker Block, followed by a bounce from that level.
There is a 15-minute SMT divergence between NQ and YM, as well as a 1-hour SMT divergence with YM. This could indicate the possible formation of a MMBM (Market Maker Buy Model).
Currently, I'm interested in observing the testing of two short-term BSL levels: 4158 and 4166. After that, we may see a rapid bounce towards the 4175 level, which is an OB on the 15-minute chart.
My primary focus area is around the 1-hour OB, which ranges from 4186 to 4190.
However, for a comprehensive analysis, we need to see the retesting of the Monday High. If the market holds above the New Week Open Gap (NWOG), then my long target will be in the range of 4198 to 4200.
Please note that the Monday High at 4222.75.
Orderblock
BASIC FIB OTE + OB PULLBACK TRADING SETUPJUST CHECK THE PIC FOR THE IDEA.
BUT BASICALLY HERE ARE THE STEPS:
1. DETERMINE CURRENT MARKET STRUCTURE USING 1) SWING HIGH & SWING LOW 2) BOS & CHOCH
-this is more powerful if price has just made a break of structure(BOS), but not necessarily.
2. PLOT FIB FROM LATEST SWING HIGH & SWING LOW
3. LADDER ENTRY AT FIB OTE + ORDERBLOCK ZONE
4. PUT STOPLOSS AT ABOVE SWING HIGH "Invalidation Zone"
5. TAKE PROFIT AT SWING LOW
That's it. Backtest it until the inception of Bitcoin if you want just to get a really accurate picture of how well it works.
Basic is good. Fancy gets broken.
ES short-term analysisToday I want to see fill of the 1h Breakaway Gap - 4139.
My key level 4125. This is buystops level. Pretty sure it will want to test it to complete ATM/ICT Mentorship Model.
My Pre-market Plan for May 24, 2023:
Bullish Scenario - Break above 4165 (short-term BSL, 4163 NY Midnight Open Price as well) can bring some bulls —> 4175 - this is "NWOG" - 04/16-04/21.
Market looks more bearish anyway. Once it tested 4175 level and failed to hold it, I am going to play long w/ target at 4186-90.
1h OB - 4190 + 1h FVG.
Bearish Scenario - Break below 4132 ("NWOG" - 05/07-05/12) will give short trade opportunity with target at 4126.
Next my trade can be below 4120 - SSL on 1h chart.
Once it breaks this SSL level, it will open the room to the 4111.
Key Levels for long today: 4158, 4168, 4185
Key Levels for short today: 4131, 4122, 4104
ES short-term analysisWe have 1h Breaker block 4213.75-4220.50. We might see possible bounce to this BB and a drop to the 15m Breakaway Gap - 4177.
But it can drop from 4204 - there is 15m FVG there + 3m BB.
Break above 4227 will bring us to the 4244. This is Buyside Liquidity level.
I want to see fill of the breakaway gap first. 4177 and 4170 my key levels. They act as a magnet for the price. Once it fails to hold 4161 - SSL, we are going to have short trade opportunity with target at 4145. There is 15m Liquidity Void
USDCAD Technical AnalysisHello guys 👋
The following is a technical analysis that I did on USDCAD on a 4H Timeframe at Forex.com. There will be a slight increase until it touches the trendline and there will be a brief correction to the support area below it. After the trendline break will lead to the resistance area. Very good to wait for confirmation before buying.
ES Monthly Analysis After Market Structure Shift, it bounced right to the Monthly Breaker Block and started selling off to the Monthly Measuring Gap.
Looks like ICT 2022 Mentorship Model to me. I want to see bounce to the 4232-35 level. This is 50% of the long wick on the down candle that touched Breaker Block.
After that I want to see sell off to the Internal Liquidity level at 3500. Break below 3500 will bring us to the 3380. This is Mean threshold of the Monthly Order Block
ES AnalysisES inside the 4h FVG and 4h Breaker Block.
Sunday Open:
1) Possible pullback to the 15m Breaker Block and bounce to the 4147-4153.25 will be great to see.
There is 1h Breaker Block (4149.50-4153.25).
Break above 4166 should offer the test of the daily Volume Imbalance at 4179.50-4185.75.
2) Failure to hold 4h Breaker Block should offer short opportunity to the 4h OB. 4087.25-4079.75 where 4079.75 is mean threshold of this Order Block.
BTC for FutureIt seems that we are looking for a buying opportunity in the weekly timeframe. However, in my opinion, if you ask me, the market may not go higher from this point and we should buy at lower prices.
As shown in the image, we are witnessing a downtrend in this currency in the daily timeframe, and with the formation of a bearish wave and hitting the range of 29789, we expect it to reach the liquidity zone of 29616.
This analysis will be updated over time.
XAUUSD WHAT`S NEXT? SELL?Hey traders,
On friday i posted my anaysis about gold, that we hit all time high and a correction was likely to occur. As expected xauusd dropped 350 pips. When it comes to this week as well i see a further correction looking upon the chart, gold may consolidate trending upward to fill the gap then after a sharp drop to around 1988 seems reasonable to expect.
If you like my idea drop a like and comment down below. 😘
ESM2023 Possible ScenariosOld Daily Volume Imbalance (4133-4136) became as support. Break below 4133 will open the room to the 4h Breaker Block - 4115.00-4105.00.
Hold of Sunday Open Level can bring us to the 4167. There is another daily volume imbalance at 4179-4185.
Keep my eyes on 4191 - Next BSL after break of the 4167.
BTC can see a bounce from this OB before further lossesThe 1-hour bullish order block (cyan) at $27,750 could see a minor bounce in prices.
However the 4-hour and daily timeframe structures were bearish and showed that the trend pointed downward
The RSI and OBV noted declines to reflect selling pressure in recent hours
A session close below bullish hourly OB will invalidate the idea
Entry: $27,917
Exit: $28,750 (next LTF resistance)
Stop-loss: $27,620 (below OB)
R:R- 2.8
GBPUSD BUY SETUP 🚀🚀🚀Hey traders,
GU has been making a higher high in the past and now that we have retested the orderblock there is a good potential we are going up to continue the uptrend, there is a break of structure that occured on friday which is a plus. If this analysis was useful make sure you drop a like and comment down below.
Cheers! 🫡
Institutional Demand: AUD/NZD LongHi trader!
Listen up - after all the good zones I've been sharing these past weeks, a lot more key areas are being reached soon. One of the charts I truly like is AUD/NZD, which recently started to tank from our supply zones (as covered in my weekly live sessions) but we're now moving towards demand.
This demand area on the daily is beautiful and obvious, cuz it is stacked with fresh weekly value as well it is a key one to watch when it is reached.
Of course, the 4hour needs to confirm the higher-timeframes and as you know I just wait for our standard patterns to have that confirmation.
PS! If you like these posts and want me to keep doing them.. please give our posts a like, this helps me to grow!
Kind regards,
Max Nieveld
Institutional Demand: AUD/JPY LongHi trader!
Over the past weeks I've been sharing a lot of charts, which you can check out on my profile!
Almost all our zones have been playing out, hopefully it becomes a lot more clear to you now that you need to keep your charts simple, and keep a consistent approach to your analysis.
For today, I am looking for upside for NZD/JPY! The same type of zones as normally, let's see if we can move a few hundred pips higher.
Trade your plan, if you don't have one, get one!
Kind regards,
Max Nieveld