Orderblocks
Anticipating a bullish rally this weekend on BTCUSDAfter an aggressive sell-off, finished by what looks to be an exhaustion bar, my ideal trade will be enter long on the 4 hour order block and ride price action up to the daily order block, where I expect lots lots of selling pressure to come through. I think it's very possible that price will surge to the 50% retracement of that OB where it will be the consequent encroachment of the fair value gap.
Orders are set and now I let the trade play out.
All the best,
The Meditader
📊 Smart Money Concepts: A Market Structure Showcase 📍What Is Smart Money?
Smart money is the capital that is being controlled by institutional investors, market mavens, central banks, funds, and other financial professionals. Smart money was originally a gambling term that referred to the wagers made by gamblers with a track record of success.
📍Principles of Smart Money Market Structure in Order Block Trading
Price moves within a structural of support and resistance. A breakout of the structural of support or resistance will lead to price movement in the next area of the support or resistance. When the price broke market structure was high the low point becomes a strong low. Strong Low is The Low that caused Manipulation and Break Structure (resistance).
Fresh high in an uptrend and fresh low in a downtrend. Weak Low/High is the Low that fails To Break Structure
🔹For every strong LOW, there is a weak High
🔹For every strong High, there is a weak Low
After a zone is tested many times or during a strong move, Supply and Demand levels eventually break. Due to the remaining orders being triggered and gradually removed, or an overwhelming number of orders in the opposite direction breaking the level.
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17/04/23 Weekly outlookLast weeks high: $31062.6
Last weeks low: $29603.2
Midpoint: $28143.7
Having missed last weeks outlook (10/04) We had a very interesting week. Price rising to new local highs of 31k, before dropping back towards the 1H 200EMA nearer the midpoint of the weekly range all whilst respecting the quarterly ranges very accurately.
The week has begun with a sharp decline off the 0.75 line towards the 1H 200EMA just above the midpoint. For me, losing the 200ema would be bad for the bulls, it's evident right now that the bulls are trying to defend that position and so far are doing it well. Personally I'm looking for a reaction to the bullish Orderblock that's in the middle of the 0.25 - 0.5 line. Clearly there are some big long positions in that area that need defending/Adding to. It's also at the top of the previous mini range that lasted for a couple of weeks.
My prediction would be: lose the 1H 200EMA --> react off the bullish OB --> retest 1H 200EMA as resistance and that's then key to both sides. If resistance is confirmed last weeks low is the next battleground, but of the 1H 200EMA is reclaimed I could see a push up to the all important 32.5k.
Could be wrong but those are just my thoughts and perspective on things for this week.
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.
NAS100 Weak momentum observed 👀Hello traders,
Nas has been bullish for a while trading up making a higher high and higher lows, as you can see in the chart it has recenlty failed to make a higher high. Nas could potentially drop to around 12530.00 if it breaks the channel and the Lower low. Leave a like and comment down below your thoughts on my anlaysis.
Cheers 🥂
EURCAD - Sell idea for a RRR of 13:1Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
FX:EURCAD is following structure to my liking, seeing a great opportunity for selling this all the way down.
Risking 1% for 13%, I always take amount invested as partial and let rest run.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Together we win!
Regards,
Enzo
$EURUSD Possible 5:1 Scalp *SMC**SMC = Smart Money Concept. See related Ideas* It's showing willingness to go to buy side on a Tuesday meaning this could make the high for the week. I put the entry as now, put the take profit near the current high could be below, and the stop loss at the xurrent low minus the average true range and you'll get 1.88. I believe this should result in a winning trade if not at least 30 pips. even though I think i have it much more than that.
Good Luck!
OANDA:GBPUSD
MOEX:GU1!
TVC:DXY
AXS Short to fill FVG and bullish OBI had made this earlier today but had forgot to post it, hope you get an additional entry<33
Similar to a KAVA play I made (linked below)
And similar to my MATIC play from yesterday (linked below)
The circle that is drawn is based from a lower timeframe confluence analysis (top-down analysis is my prefered method)
This play would also have confluence with a smart trader named plancton0618! (link below)
BARK a dog supply speciality stock Reverses LONGBARK is the stock of a relatively young company.It is now growing
and has had positive earnings The chart shows a reversal from the
prior downtrend which started with a double top in January.
The order block indicator shows a base of buy order blocks forming the support.
Upside is 45% to the resistance of the double top and the sell order
blocks. The anchored VWAP shows that price was supported by
the line of two standard deviations below VWAP in the deep
undervalued zone. However, with the reversal, price is now targeting
the VWAP itself which also could be an initial target for trade.
Fundamentally, no matter whether a recession is impending, people will care
for their dogs and sales should not suffer. If anything, people will seek
value deals compared with brick-and-mortar sources. Not a coincidence
but another dog-related stock WOOF is on an uptrend as well.
As a penny stock, this is a risky long trade however I also see the
reward potential. The call options for expiration on 5/19 are
priced at about $10 per contract making them very affordable
way to leverage the trade.
see also the stock analyst report linked here stockanalysis.com
ETHUSDT Trading Plan---X--- : Potential reversal
square : demand and supply
The analysis is based on ORDERFLOW.
The trend structure in H4 is bull , so we are going to entry long positions before becoming bear .
We could identify some demand and supply zones by orderblock regarded as a large-scale buy or sell zone .
It was mentioned above , the trend is a going up , therefore we will hardly entry short positions , ALWAYS FOLLOW THE TREND .
There are 2 opportunities to trade
Long : 1675.74
SL : 1653.23
TP : 1886.46
RR=9.36
Long : 1632.18
SL : 1610.31
TP : 1886.46
RR=11.63
if price goes to the yellow line before reach our limit orders, the trades should be cancelled .
EURCAD buying idea for a rrr of 10:1Buying EURCAD as mentioned on the chart because we have multiple confluence in our favor. Both have we higher timeframe on our side and also have a structure break on lower timeframe with formed OB we wish to fill for a beautiful setup. The setup can give us potentially a rrr of 10:1.
Keep in mind we always risk 1%, take partials and react to the market calm.
Seeing a Sell of Coming on DOWWill be taking sell positions once my sell zone triggers. Over all target will be 31,500. But will take 80% off at the weekly low.
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.