A bloody bearish move Right now we are moving towards the key level 1989 the last weekly bearish candle high were im expecting price to tap into and reverse from to continue down into previous monthly low. If the monthly candle of march breaks structure we can expect to stay bearish long term and if price respects the structure we will assume we will stay bullish. As of now im taking a long position here at 1956 and taking profit at the POI. If that level is respected then i will take my short position at 1988 to anticipate a move breaking last weeks low and into last months low. This is a very order flow based edge with simple logic of price trading into previous highs and lows. thanks for watching
Orderflow
GBPUSD ShortCable has been bearish for a while specially since the Ukraine war started. We can see H4 price is at a bearish Order Block and the overall order flow is down making this a potentially good setup for a short position. Need to check for a clean entry on lower time frame. Price is close to ADR High so we could see it going up to that level before trending down.
USDJPY due to fill late buyers The dollar has truly shown its legs on this pair as of this year, currently floating at yearly highs.
As fundamental factors loomed and swayed the opinions of many retail investors and institutions in the last month or two when investors are looking towards safe haven pairs the dollar was clearly favoured over the Yen, for example.
Now, the majority see dollar strength and that’s all good but look, the higher time frames on this pair and correlating pairs alike show many major imbalances that are yet to be filled. This is my view based upon 1HR Time frame POIs.
I suspect a retracement to sub 118.500 before any upside continuations.
Let’s see what UJ can do this week!
NZDCHF BULLISH MOVE UP TO ORDER BLOCKHIT THAT BIG FATTTTT LIKE BUTTON AND SHOW SOME LOVE TO YA BROTHAAAA!!! The price is expected to move up and continue its current bullish progression to the next order block level (red box) WITH A POTENTIAL PULL BACK AT THE 61% FIBONACCI POINT WHICH IS ALSO AT A TREND LINE !!! After that oullback I predict it will continue but DO NOT ENTER if price is near that level when you read this UNLESS it has pulled back already. GOD BLESS.
Buy GOLD to the moongold after that news about war got higher and drop quickly. then it built a pin bar in the daily and weekly timeframes.
after it stopped out people how to set their stop orders under A base and then got up and stopped out how shorted by pin bar.
you can long to 2020/2070 area. be careful. the origin is in monthly and weekly timeframes. if gold god doesn`t stop in that area, we`ll have a new ATH for sure. don`t take shorts hastily.
Bearish Sentiment on the Dollar IndexMONTHLY
We are currently trading in a bearish orderblock on the monthly and we may see a retracement into that 96.000 area
WEEKLY
Nothing much to say here, there's a bearish orderblock within the monthly orderblock that I thin we may see price trade deeper before falling
DAILY
We can see price reacting to the HTF orderblocks. If we're going to come down now I want to see a sweep below 96.520 price level
4H AND LOWER
There's nothing much to talk about on these timeframes for intermediate term trades to me so I'm going to leave that.
Please Like and Follow if you'd want to see more of this and on other pairs!
feel free to check out my analysis on BTCUSD below. Thank You.
Convergent Trading ES Stalk zones week of 02/22-02/25This is Convergent Trading ES Stalk zones for the week of 02/22-02/25
These are levels derived from market profile, orderflow and auction statistics
The idea is to watch what the market does at these levels and interact/do business close to those areas.
Each of these areas are either Volume Shelfs/Volume POC or Low volume nodes/Bias/Over-Under line
Al courtesy of Convergent Trading & FuturesTrader71, i'm just parsing more or less accurately the levels and zones
EURUSD dailyoverall quite a choppy week on the lower time frames for EU
But still some great opportunities.
price has failed to break the high at 1.14830 which was the daily swing high. which indicates that bearish structure is sill in tact
For me the next logical key area would be 1.11500 being an extreme OB and the current daily swing low.
Why price reacts to s&d zones before breaking themWhy price reacts to s&d zones before breaking them.
We tend to see a reaction for one simple reason;
- BFI's need liquidity to accumulate a sizable position.
So, how would a reaction provide them with this liquidity?
- Retail traders will enter aggressively at these s&d zones
expecting price to move away from them. Now, BFI's will
use all this liquidity to accumulate a sizable position,
targeting the next pool of liquidity which is
retail's stop-losses on the opposite side of the zone.
#ES Futures Thesis Trade RewievOne example of how my thesis played out today. In the morning I posted for the downside scenario for today we had - all this inventory between 4440-4480 that if gets no upside then we can see it start selling out and level we are watching are 4445-4437.75 as our PM Support and 4424.50-4418.75 as our Key Intraday Support, breaking PM support is first sign of weakness and getting under the Key support leaves the doors open for 4405.25-4403, 4392.25-4389.75 and 4378.50-4374.75 as our next level where we should see good support unless we break that and 4362.75-4345.25 level then we can see more downside. Trade entry was when we failed to get back in previous value with a stop right above and take profits at each level lower until we found buyers at our next big support.
GBPUSD Smart Money Orderblock SetupLook for lower time frame confirmations.
Long term target is the Daily Low
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