GBPCHF - Retracement then LongWe are currently inside a Discount Area, above a weekly bullish Orderblock and a daily Mitigation Block. A retracement should happen and it should test the mitigation block or Deeper into the Weekly bullish Orderblock. Targeting the Bearish Breaker (Our first PD Array), or the Weekly Orderblock area into Equilibrium. We also have a Liquidity Void (imbalance) to be targeted as extra confirmation.
This is just my perspective on the pair. Do your own research and good luck!
Orderflow
USDCAD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The pair showed a sharp growth and broke out the previous resistance level, which shows the weakness of sellers. Moreover, the move was supported by the large volume and positive delta, which means that buyers are dominating the market now.
Volume Zones:
We need to allocate the new support level 1.2554 - 1.2563, which contains the large volume.
Sentiment:
This indicator shows that 63% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
d.radikal.ru
Consider Long Positions:
Given all these factors, we may regard long positions after a smooth downward correction of the price in order to obtain a better entry point. A stop loss may be placed below the new support level.
Profit Potential:
More than 110 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
NDQ Short Clear Shift in Structure and Break of Structure occured giving signs of a possible drop that will break the 14 900 level - this is also supported by the sell side liquidity left under 14 800. Entry opportunity might happen between the London or New York Session Killzone hours (which are 09:00 - 12:00 & 14:00 - 17:00 SAST)
AUDUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price demonstrated a huge drop and totally absorbed the previous sharp rise, which shows the weakness of buyers now.
Volume Zones:
It is necessary to point out the level of support/lower limit of the local range 0.7327, which contains the large volume. The price is trading nigh this mark at the moment.
Consider Short Positions:
Given all these factors, we may regard a breakdown of the support level, which will allow us to open sales. The move must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 90 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
08/12 Watchlist Hey everyone SamC here, we are going to start posting some set ups for the following trading day of a couple names we are watching. Feel free to ask questions in the comments and give us a follow.
**Make sure to give us a follow as leading up to the Jackson Hole meeting I will be doing a quick run through on how to play the SPX based on the Vol complex. If you don't know who Vanna is I would suggest tuning in!
USDJPY LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The pair continued rising, moreover, the surge was sharp and confident. Besides it, there is a strong uptrend.
Volume Zones:
It is necessary to point out the new volume support level 110.00 - 110.04.
Sentiment:
This indicator shows that 84% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
a.radikal.ru
Consider Long Positions:
Given all these factors, we may regard long positions after a smooth downward correction in order to get a better entry point. A stop loss may be placed below the new support level.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -