Orderblock
EUR/AUD looks bullish! Good RR!Hey tradomaniacs,
looks like we are going to get a nice buy-signal for EUR/AUD as soon as the breakout of the trendchannel of the lower timeframe happened.
As soon as we get momentum and eventually an FVG which has to be closed by a pullback, we could consider to go long in this scenario.
A strengh in USD aswell as rising Yields might cause upcoming downmoves of indices and stock, which would boost this setup as AUD tends to fall harder as a risk-on-currency than EUR.
What do you think?
GBPJPY outlook on the last day of the week. (SHORT)GBJPY outlook on 15 minute chart, price tapped onto the higher timeframe supply zone (gray zone) and 15 minute chart just created a lower low (change of character / market structure shift). If the price manages to pull back above and collect the liquidity created by the trendline, we could see a potential down movement.
XAUUSD FALLING WEDGE BREAKOUTHello traders,
Gold has broke out of the falling wedge pattern, the fair value gap has been filled and the chart is balanced. Gold has been forming a higher highs and higher lows which is a plus for the Pattern. Live a like and comment down below what you think about my analysis.
Enjoy!
A loss for me a lesson for you- Trading a bearish FVGReview this first to see the fair value gap:
(1)Trades inside the -FVG
(2) Rejects -FVG(MT)
(3) Holds -FVG(L)
Note: This is a high probability sign for moves higher, price trades inside the 4H-FVG. Once price is inside, the price trades to the 4H-FVG(MT) and trades back down to the 4H-FVG(L) and price holds for a continuation inside.
(4) Prices trades through -FVG(MT)
(5) Trades and rejects the -FVG(H) and -OB
Note: This is where, and only where I should have entered for the sells that I attempted near the midpoint. We had already traded pass 4H-FVG(MT). After the failed entry, you should wait for price to reach the 4H-FVG(H) and in this case the -OB as well.
10 R trade planned on EURUSDEIGHTCAP:EURUSD
I’m anticipating a pullback into a discounted market before price is taken up towards the daily chart mean threshold, which is also around ATR and a bearish order block. Two positions will be taken. Take profit 1 at support and the other at the confluence junction.
Happy Trading!
The Meditrader
Short Setting up on Bitcoin For an accumulated 9R tradeI’m looking to enter 3 short position on Bitcoin if we can get a test of the mean threshold above. Bitcoin can be volatile in that it might take out the bayside liquidity if it gets up there but I’m hoping see a clean rejection at the MT and ultimately a move down to the lower Mean threshold.
Take profit 1 is at the first order block.
Take profit 2 is at a POI with has 4 confluences.
Take profit 3 is the stretch to hit the mean threshold and seek sell side liquidity.
Happy Trading!
The Meditrader
GbpJpy - Manipulation Point TradingBias: Short
Market Cycle: 2
Shorts only on this pair, yesterday was around 80% of an ADR move, so I classify the last 2 days as push 1 & 2..
Both the last 2 drops have been 200 pips so I would expect at least another 150-200 for the 3rd and final push..
160.82 is My 1h level to look for shorts. If we get above that I think we may push higher and maybe reverse (short term), ??
$GBPUSD - Fed Rate To Rally Dollar Until 2Q *SMC**SMC = Smart Money Concept - See related Ideas for Tutorials on these concepts.
I pulled two smart Money Fibs on the latest waves. The largest of the two has a Liquidity point that could be broken by the end of the quarter as "Smart Money" or the intuitional powers that be, may push it that way. After it breaks the Liquidity Level (Below 1.20120) or near the top of the Order Block, which is also my first safe entry, then I believe The Pound will catch up and turn Bullish. So My SL is 1.18693 and Take profit is 1.25092 making it a 2:1 R:R I'm taking the Smart Money principles and risking the Most that you should at 3% of your account. Typically, you don't want to risk more than 2%. Just an FYI for any new trader that maybe reading this idea.
Happy Trading
- BXW
BITCOIN ARRAYS - ORDER BLOCKS & NEW WEEK OPENING GAPS (NWOG) Daily Time Frame Breaker Bars outlined in dashed red.
New Week Opening Gaps from May and June 2022
Surpassing these two arrays will strengthen or renew Bitcoin's outlook.
However this movement is a re-tracement following last years sell off.
Bitcoin being touted as a safe-haven for inflation didnt fair well during last years market purge where flight to safety remained in US Treasuries