Potential Shark Forming 🦈🦈GBP/CAD - Potential Shark forming with nice bullish priceaction. Price is currently sitting at the .886 of the 1H bullish pullback and I'm expecting order flow to continue and break the highs!
Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Profxllc
Shark Almost Complete!GBPJPY - Shark Almost Complete, I'm looking for a push down to the previous weekly low (Dotted red line) Then one last push to complete the shark at the .886 or the 1.13 before then looking for a short! If we hit the 1.13 and take out the X point more demand will be triggered into the market giving us a stronger potential retracement, keep an eye on both of these zones!
Shark Almost CompleteShark D point perfectly fills imbalance, HTF is still downtrend, I want to see price rejecting from EMA and pushing back down towards the weekly low (Blue dotted line) Here there should be some rejection with the order block/imbalance but afterwards I think it will break and hit out D point (Then I will look for potential longs)
What's your thoughts?
Shark in Shark! Shark in Shark! Price is bullish on the LTF and we have multiple BOS, I think price will drop to the 200 EMA (Blue) on the 1H, Before continuing to rise to the first D point of the smaller shark just below the the weekly high!
I also posted a schematic on the LTF the other day on Gold, go check it out! Let me know your thoughts!
Whats your thoughts?
Shark Within Shark! LTCUSD - Shark within Shark, will be interesting to see if price breaks through the previous weekly high and current weekly high, I suspect some retection here before a potential continuation up to the HTF Shark (Blue) D point which will also fill an imbalance plus theres a small orderblock here on the 1H chart.
Butterfly Landing On the 1.3600GBPUSD, Butterfly D point lands directly on the 1.36000, I'm going to watch priceaction once it reaches this level and look for possible reversals/shorts down to the D point of the higher TF crab which also lands inside a heavy resistsance zone from January.
Whats your thoughts?
Potential Crab Potential Deep Crab, almost complete, (So Im going to scalp down the remaining gap)
I missed the 1000 pip drop yesterday on my limit order buy a few pips, (Check my other analysis) However price has broken previous support and now the weekly low, the next target is the 1H imbalance & Orderblock which alighns with the D point of the crab!
Whats your thoughts?
Forecast (Bat & Butterfly)US30 - This is where I see price heading... (Sorry about the slightly messy chart)
First up to the first c point of the blue bat (Theres a large imbalance on the HTF here) along with a nice OB, then from there a nice drop to the D point which is the C point of the potential butterfly (Along with support and a LTF imbalance) then bounce from there! But let's watch price and see what happens! 😃
Whats your thoughts?
Potential Reversal? We should get a pullback here to at least the 50% before potentially continuing down....
We've had days of bearish PA plus lows taken out with no retracement, now price is sitting on a very strong daily orderblock from January (And has also filled a large imbalance)
If price breaks this then I have the next zone of support landing on my daily deep crabs D point (See image)
Price has also overshot a 4H deep crab by 25 pips (This deep crab also touches the zone of daily imbalance)
Whats your thoughts?
Shark Completed Shark completed at the 886 and price is now consolidating (I did post my prediction this morning if anyone caught it, which caught all these bullish pips today from close to the C point, zero DD)
I'm wanting price to push to the 1.13 and potentially above before the next drop due to the amount of liquidity up there.
I will wait for price to hit the 1.13 level (If it does) and wait for a reversal signal before looking for a short.
Gartley Almost CompleteGartley almost complete, price is almost at the D point which also lands inside an imbalance so it will be interesting to see how price reacts to this level.
Price action is still bullish on lower TF and there are more liquidity zones above so price could continue and invalidate the gartley hence why patience is key, if I see price reversing at this level we can look to go short!
Keep you updated!