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US500 - Short - RR3Smart Money Concepts During the london killzine (2.00-5.00 ny time) a draw on buyside liquidity took place. The draw on liquidity took out the previous high and formed a bearish market structure shift. As a result of taking out the previous high and forming a market structure shift, a bearish breaker block has formed. Due to the strong bearish momentum, a bearish fvg has formed. There's a difference between an imbalance and an fvg. We only take an entry on an fvg combined with a breaker. An fvg is a 3 candle formation that has formed immediatly after a draw on liquidity. The overlap between the breaker and the fvg is our point of interest to take an entry. In addition, a bearish orderblock has also been formed, which will serve as a last line of defence for our stop loss placement. As an extra confluence to the above strategy, at least one of the conditions below must be present as well (not all of them are required, one is sufficient enough). 1. MACD signal must be bearish for a short, or bullish for a long 2. MACD bullish divergence for a long, or macd bearish divergence for a short 3. Hull Suite green colored and price above the ribbon for a long, or Hull Suite red colored and price below the ribbon for a short. 4. RSI over bought for a short, or rsi oversold for a long 5. RSI bullish divergence for a long, or RSI bearish divergence for a short 6. Fibonacci golden pocket
UShort
by Pipmunch
EUR/USD - Not my night, but lessons of the past is VALUEOANDA:EURUSD After the garbage trade on USD/JPY that went to breakeven earlier, I looked at EUR/USD and took a short. This time I wanted a TP at previous week lows around the 1.05362 area, which would had been a nice one to start the week. But it went against me a bit (a good bit), but I held, not because I was bag holding, but I held in the direction of my longer trend bias. So price action did come back in my favor. So this is where I checked my greed, price came back to my entry level, and in my past life, after going through a nice draw down and coming back to break even, I would keep holding for a bigger pay day, but most times, price action would pullback against me even harder and I would be rekt and blown up. Today, I was happy to close out at breakeven for +1.5 pips. Trade management is THE #1 key to surviving and success. Trade well.
Short
by makerup
EURCAD I Pullback and local short to supportWelcome back! Let me know your thoughts in the comments! **EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
9
Bitcoin Supply ZoneHello traders As you know bitcoin started to turn bullish weeks ago, market greed has increased, and dominance is above 42%. On a day to day charts and the short term, Bitcoin hit a supply zone that is pretty strong in every timeframe. I see a rejection from that zone, and I think this rejection might create a bearish momentum for the short term; in other word, I will call it a correction for a bullish trend. I screenshotted a metric from Glassnode called realized Profit/loss Ratio, which shows that most of the network wallets are currently in profit. This is a risk for a price. Note that this is an Intraday analysis and is only valid for a couple of days or even hours. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the boost button and follow me so you will get the updates. The information given is never financial advice. Always do your research too. Good luck.
Short
by Crypto_MD
EURUSD NY Session LongGoodday traders, Price grabbed the first BSL targets mentioned in post before. Price grabbed it in Londen key timing session. Im now looking for a continuation setup for the NY session and grab the equal Highs liquidity as target. Entry based on 5 MIN Bullish OB and an optimal trade entry from the swing that made the Break of the old highs. Also in discount off the bullish swing (Lower than 50% off the total swing). Price holded the possible level to create a Swing Low on the daily timeframe. For me enough, price could retrace bullish into more BSL. Showing me Bullish price action here. Best case scenario would be for key the timings: 14:30 UCT+1 or 15:30 UCT+1 to, create false bearish move out of the consolidation to fill my Long entry. No financial advice. Dave
Long
by Dave_DayTrader
8