Whats next for EURUSDWhat happened last week and whats next for EURUSD?
price came to fill the 4 hour EQ before trying to continue bearish
Officially I would say there was a further bearish break for structure on the 4 hour on Friday. But somethings telling me it was not very convincing, the 4 hour did close bellow but the next candle came straight back. This indicates I could be a liquidity grab. The area of 1.6200 will be a good test of structure for the 4 hour.
But in the mean time I do believe on the 1 hour and the 15m we have already broken structure to the upside and could expect a bullish move into 1.6200 and possibly higher.
Will be keeping a good eye on price looking for opportunities that meet my criteria
Orderflow
Simplifying Order FlowThis chart analysis shows you the power of order flow using two main things:
OB - Order Blocks
BOS - Break of Structure
If you can determine a trend utilising impulse and correction, you can almost always ride the wave by scaling in positions using this method.
First, determine your trend and then wait for a break of structure of a low/high.
In this example, we are in a bearish market so we are anticipating a break of a low before we can draw up our order block.
Once we get a break we can mark the OB that created the break and then wait for demand at a later date for sells.
IF the price gets too far away from the OB and looks like it isn't going to return to that point, we can move on to the next BOS and OB.
Note: This does not always mean that price won't return but we can still capitalise on the short term moves.
I have left an example of what could potentially happen next, although I am doubtful because the trend looks like it is coming to an end.
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USDJPYTwo scenarios for usdjpy. In the weekly time frame, the price is on a supply area. Orders in this supply area appear to have been collected and will probably inflate the price of this area and break in the next collision or break this area directly without engulfing. However, we are waiting for different scenarios to occur.
Smart Money LONG | EURJPYLooking at EJ
After a lovely impulsive move to the upside, we have now had a nice bearish order flow section (corrective section)
We have taken the liquidity of the upper trendline and some of the structure shelves to the upside. I would have liked the 3rd structure level to have been broken also but I will settle for the 2 as it tells me there is clear upside intentions.
I have a level on the 15min I am looking at for entries will have to wait and see how price delivers from here, it could be tagged in tomorrow or it could happen on Monday OR price might not get there at all, we will just have to wait and see.
Any questions feel free to ask
EURUSDAlthough i did not have a worthy trade setup on wednesday, EURUSD provided an amazing trading week for many, this is the perfect example of what true institutional trading and market manipulation is all about. If you know what you are looking for, the market becomes your play ground. learn the truth of the market and stop following these IG "gurus" that mostly mislead you and fill you with retail useless information.
Smart Money Long | EURAUDLooking at EURAUD,
Very similar in price action to EJ
Had multiple breaks of structure before potentially returning to an unmitigated 5min OB at the bottom of price.
Let's wait and see if the price can get back down to my entry point before deciding whether or not to continue higher or continue lower if it gets there. We have potentially taken some of the liquidity resting above the trendline, so any stop losses placed
Any questions feel free to ask
CHFJPY - Looking for a bounce off 123.300 DEAD from support zoneHi everyone!
I am looking at a support zone entry for this pair.
CHFJPY
BUY LIMIT @ 123.300
Stop Loss: 123.255 (Add Spread)
TP 1 (1R): 123.344 (Stop Loss→Break-Even / Scale-In)
TP 2 (3R): 123.432 (20%)
TP 3 (5R): 123.520 (20%)
TP 4 (10R): 123.741 (20%)
Reason: Although i am anticipating price forming an accumulation schematic in this area, i can see reasons for price to travel low, I'm looking for a spring to the area marked. At the least we should see a reasonable reaction from the level. i will only really be entering if i first see a valid schematic forming first.
EURCHF 15M - LONGPrices broke out of structure on the H4, leaving behind demand areas to work with. Currently gave us a shift in structure on the 15m, you could have a risk entry upon limit order. Otherwise, confirm the demand areas and wait for the bullish structure to formulate before taking continuation BUYS.