EU Weekly Outlook: 2022 June Week 11M State: Bearish Trend
1D State: Bullish Trend
15m/1H State: Bullish Trend
Currently there are 2 higher time frame targets: 1M OB (not seen on chart, above the 1D supply zone) which is the anticipated target for the 1D bullish trend and the 1M Old Lows, the target for the 1M bearish trend.
Note: The 1D bulls may not break the shown 1D supply level and instead dive to take liquidity below the 1M lows first.
Therefore this week's primary focus is the 1D supply zone for sells.
This should provide some pips to be caught by selling. Potential selling targets are the 15m demand zones and the fvg below one of the lows. May also continue even lower to take out the 1M lows. This is very possible as this is an NFP week (high volatility).
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Trying to build the journaling habit.
Look out for 2 weekly charts:
- Market recap
- Market outlook
~Blessed Trading~
Orderflow
EU Weekly Recap: 2022 May Week 4Bulls were pushing steadily toward the weekly equilibrium level and the 1D Block.
Therefore, buying opportunities were the main focus for the week. No structural reference points were created on Mon or Tuesday so no trades were taken.
Eventually, it swooped down, took out lows from both Monday and Tuesday and bounced upwards, creating a tradable scenario.
The liquidity from taking out the lows was used to drive the price higher, into the target zone.
1 Main Trade was presented and tradeable according to the strategy with a secondary entry possible.
Trades played out beautifully.
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Trying to build the journaling habit.
Look out for 2 weekly charts:
- Market recap
- Market outlook
~Blessed Trading~
CADCHF... 16RR SHORT OPPORTUNITYHey traders,
Price hit monthly supply order block and has printed a massive weekly bearish engulfing candle which indicates momentum to the down side and a respect of the monthly supply order block. I am going short on this pair and I am anticipating that the daily equal lows will be taken out as liquidity sits there.
P.S: if you can not find it, just look at where my TP is and go on the daily timeframe to see it clearly.
Let me know what you think in the comments.
BR
David
Sell AUDCHFOn the Daily timeframe, the peak formation high ( PFH ) is at the highs of both March and April. On the other hand, the peak formation low ( PFL ) is currently the low of the week whereas the PFH is the high of the week.
Narrowing down to the lower timeframe, yesterday the price created a breaker which is a clear indication of a change in order flow to bearish. The price will go lower to fill the liquidity void to more than 50%.
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POTENTIAL SELL ON US30Price has potential to move lower from the retest of the minute 5 timeframe sell zone, wait for bearish price action to confirm the move.
Sell EURCADHello traders, Euro is still very weak as CAD seems to be gaining more strength in the past few weeks. I believe that the price has reached the high of the week both on Monday and Tuesday and it will not go higher than that.
The price is targeting the lower liquidities the first one being the previous low of the week.
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Sell the retracement on CADCHFHello traders,
On Friday CADCHF had a strong move to the upside and before the close of the week, there was a strong move to the downside. This move to the downside is an indication of the change in order flow from bullish to bearish. It was confirmed by the formation of a breaker block on the same day.
However, since I missed out on the opportunity to go short on Friday, today I still pull the trigger to go short. This is because the price is targeting the Bullish Order block below. Also, the price must move more than 50% between the peak formation low and the peak formation high.
Remember to apply proper risk management. Like and Subscribe
US30 POTENTIAL SHORTSPrice has a potential for the downside upon the retest of the sell zone.Wait for lower timeframe confirmation to confirm the move.
Is It Time To Buy EUR/USD? Yes Or No?
Hi Traders,
Happy Friday!
Today we are looking at a possible 4-Hour Order Block entry on EUR/USD
We have seen nothing but bearish price action for the past month on most FX pairs.
The DXY has been going parabolic
EUR/USD is currently sitting on support that hasn’t been seen since 2016.
Is this a good time to buy?
I only enter positions that match my setup and this could be a possible play.
Yes, it is a counter-trend which is not always advisable.
This is why I would only risk a very small position on this as I wouldn’t class this as an A grade Setup.
Hope you all have a fantastic weekend.
See you on the next one,
The Vortex Trader