Orderblockanalysis
EURGBP Analysis: Going to make a LL?HTF shows there is strong bullish OB reaction so far. But price made a LH. Maybe it breaks the prev high after rejection from the current D Bullish OB.
Note: The previous BOS to the downside hit the bullish OB, and we expected a RTI. That's where the LH was made. So the likelihood of a LL to follow makes sense.
The dynamics of price flow and market sentiment at play!
We'll see.
NZDCHF Analysis: Downtown...?NZDCHF has hit a HTF bearish order block, and may be indicating a bearish response. Price has formed a 1H OB here, and price dropped a bit, and is now returning for a retest of the OB. I expect further declines. If price breaks the high of the OB, this invalidates this short setup. 0.65500 is the area I am watching for signs of reversal.
Look for your confirmations before entering any trade. No confirmations, no trade!
CADCHF Analysis: Going down?CADCHF looks like it is setting up for a short. After a long macro downtrend, price finally found buyers in April. Now, after testing the Weekly bearish order block, price is working its way down again, making LLs and LHs. The current D1 candle is bullish, but this may be only the short term. I believe price will reach the 1H bearish OB, and continue the bearish momentum.
USD (DXY) is Strong, for now....Looking at the US Dollar Index (DXY), USD is showing strength, breaking structure to the upside. It has entered a 4H bearish OB, and we are going to monitor it behavior here. Will it reverse soon? There is huge potential for that to happen. Price may show weakness in the next 48hrs, but for now, I would play the xxxUSD pairs to USD strength.
Gold (XAUUSD): Bearish Continuation?Gold has broken structure to the downside, and returned to the OB that impulsed down. It maintained the high of the OB, and dropped. This indicates price is maintaining the bearish momentum.
Now, price has formed a bearish OB, and presents two scenarios for opportunities.
Check them out with me.
Are you going long or looking for shorts? Leave me a comment on your bias with Gold!
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AUDUSD: Trade Breakdown!This one is a teaser for that one! Has a technical glitch.
Below is the actual video! Click on it to play!
In this video, I break down the AUDUSD short I mentioned in my Forex Weekly Forecast video posted Sunday on my Channel.
Price found our POI and is now in proft. Did you get in this trade? Is there still a chance to find a valid entry? How do you set your SL and TP? I attempt to answer these questions and more.
Check it out.
Hit the "Find Me" button below to go to my Channel and learn more.
Thank you!
XAUUSD (Gold) Trade BreakdownIn this video, I walk you through this Gold trade, the setup of which I put out in my Forex Weekly Forecast for this week.
I want to share with you the power of trading order blocks and structure breaks.
If you are pickin' up what I'm puttin' down, drop me a message/leave a comment.