Purepriceaction
Ramblings of a Chart reader - Liquidity and Trade ModelsAs mentioned in the video, it is important to have a quick look at the weekly chart as it often gives clues on the potential direction for the up and coming week. At least this is how I see it. I discuss the concept of compression and how it offers some nice clues as well.
Credit to influences: ICT and RTM.
us100 what do you think?Us100 thoughts buy or sell what's gonna happen pure trend analysis
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Update GBP/CHF Quick Short RecapWasn't really looking to go short until I saw the close on the daily chart last night just before London by a few hrs. Interesting, though to see how one feed from Oanda shows something entirely different than another feed. Not a bad idea to use two different feeds to get some confirmation.
Trade well!
GBPCHF - Perhaps another 1st of month long will play out???The daily uptrend is pretty well established and price broke above a pretty clean resistance area and then tested the trend line with good rejection. Price broke the prev daily high and closed above the last down candles EQ (50% rea) with what appears to be possible buying Risk is 1%
AUD/NZD - Will it hit the 62??In this vid I point out that we could see a breach of the most relevant low at some point, which is quite near the 62% retracement area of the larger timeframe parent structure. It's interesting that the low and the 62% area are about 20 pips apart, which seem to meet the pip grade concept that ICT so eloquently fleshed out.
AUDNZD - 5 MIN REACP Quasimodo level??Daily trend is down price came up and triggered my alert early on the 17th to go short, didn't see any clear rejection. Price sold off eventually and came down and cleared the daily gap, retraced then showed very clear direction toward the end of the trading session. After what appeared to be a stop hunt of the initial alert retest, price seems to be showing signs of going lower. Already took some profit at QM level - Stop to BE.
AUDNZD - Short - Interesting price action - Half a percent @riskDaily trend is down price came up and triggered my alert early on the 17th to go short, didn't see any clear rejection. Price sold off eventually and came down to and cleared the daily gap, retraced then showed very clear direction toward the end of the trading session. After what appeared to be a stop hunt of the initial alert retest, price seems to be showing signs of going lower.
GBPAUD Long - 1% on the table...Took trade off daily chart as price came down below the inside bar cluster with clear rejection and a curvy bottom. The H4 also produced a second retest with a higher low and clean rejection. Aiming for internal high and a partial take profit at next highs - risk a little over 1%. Stop below newest inside bar low.
Order block with Elliott's wave !.With my order block in place in combination with price action and confluences with Elliots wave, i will be risking 10% of my account on this gorgeous analysis (Fundamentals made this analysis possible...if you was wondering !.)
If you like this idea, leave a like, share your thoughts in the comment section below and remember, different traders have different risk appetites !.
CAD/JPY MONTHLY PIVOTKey NOTES
Price is Overall Extremely Bullish and looks to be ready for a bullish continuation push. 2H Break of Resistance signifies a buyers could be stronger at the moment.
Price has hit a Known PIVOT POINT that has not been touched since 2017.
2 Options
1. Price could resume its bullish push, just waiting for a some bullish variation/engulfing candle on the H4/H2 (Projection for Continuation:91.778)
2. Price will break past my counter trendline and retest new found resistance, pushing price down further (Monthly Pivot Point/Resistance)
ATOMUSDT(Update)With in Log scale Measured Move we have 2 different perspective which bulls and bears are in balance level so with shadow has hunted in Weekly TF chances for bull could be more better but if bears try to take control we might have correction in demand zone or resistance area it leads to Rally base drop Or Rally base Rally .
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