Smartmoneysetup
15/03/2020 Post Market Analysis A look back on what's happened for the day, a check up on our EURAUD trade and potential set ups for tomorrow.
ChfJpy M5 Liquidity RunI am looking for a sell setup around the Highlighted area.
Confirmations:
Structure (H4-M15 Bearish)
Liquidity Run (M5 Timeframe)
Brake of Previous Structure
.886 Fib Level Confluence
EURJPY Forecast EJ has been ranging for the longest time and after recently creating a high at 127.080 that high has been retested and respected. Followed by a strong bearish candle on the Daily time frame.
To confirm the bias I would like to see:
price break past and possibly see a close candle under 125.690 then;
retracement back up (no higher than 126.500) for a smart money entry before a move down with great RR
PS: Newish to trading I post these for accountability and as a journal
$USDCAD LONG - 200 pips Exiting Weekly Order Block from DecemberFirst off, interest rates just dropped a tremendous level and the Commitment Of Traders show a lessening of shorts, meaning they're about to long this pair. See the indicators in the original, or I've made them larger here.
The USDCAD had a weekly order block from December than it re-entered at the beginning of September.
Using the nearest Institutional level, 1.28000, outside order block and the nearest swing high, drawing a fib we actually could've caught the perfect entry at the 70.5% retracement for that September low.
But that move is gone and it's time for the next one. Fib from that low to the nearest high and it retraced back to the 70.5% fib level as well as a bullish order block was at that exact same spot to the left.
Best entry is now or at 1.31162 give it a 30-40 pip stop loss and aim for the old high or the nearest institutional level at 1.34000.
GBPUSD IdeaDXY is creating a False flag.
Price has been leaving Price gaps.
GU can come back up fill in the Gaps
OR
GU can reject of the OB to clear the Lows then Going to fill in the voids.
Wait and see what London does..
Will it set the HIGH or LOW of the day?
We shall see..
GBPUSD Bullish Until... -JordyDaddyFX
There is liquidity sitting above the highs see how there's a triple top.
rice can go ahead and sweep those highs off if DXY will continue to be bearish.
Until then my BIAS on DXY remains BULLISH.
I will buy off on the 1H chart when it touches the OB or fills in the FVG by it.
I will take partials but keep in mind price won't likely go to those highs if DXY will become bullish.
PROTECT YOUR PROFITS BY TAKING PARTIALS!
I cant stress this enough if your bias is wrong to where TP and you take partials at least you got paid for being wrong! :)
Cheers until then,
GLGT
GBPUSD Explanation Since DXY is consolidating there's no actual direction right now. Juts trade within the range and don't expect much. Since price broke a high price can reverse and go a bit lower just like how it did yesterday.
Either buy to sell or sell to buy scenario.
Eurjpy SellLooking for a sell on Eurjpy on the last but before the sell which took liquidty (Equal highs). The order block is in the premium price level. Targeting once again clean equal lows. Similar to my EU set up.
Look for long entry on XAUUSDLook for an rejection or engulfing candle in the area of our entry or place a buy limit.
Look for Short & long entry on EURGBPWait for an rejection or wick in this area then wait for that rejection to close, then take the trade or place a SELL limit/Buy limit.
USDJPY Smart Money Play (Idea)FX:USDJPY On the 45M chart I noticed a solid sell to buy candle. No wicks. Seems like an institutional candle that needs to be mitigated. Plenty of imbalances in the bullish candles following that need to be filled. IF ( BIG IF) we see USDJPY have a large pull back, I think we could see a buy at the 104.765 area. SL is less than 20 pips with a great return, almost 7:1, to the high. Crossing my fingers for the pullback.
Look for long entry on GBPJPYLook for an rejection or engulfing candle in the area of our entry or place a buy limit.
US30 Possible Sell SetupSmart Money is soaking up liquidity
This whole zone including the possible h&s patterns completion is within a zone a range of consolidation on higher timeframe thus you can view it as a market top and potential trap zone.
The USD still has room to breathe and reach within the zone of 100.60-105.60 before it tops and consolidates on higher timeframe
NZDUSD Long Setup (long-term)1. Smart Money Setup currently soaking up sellers
2. Bearish Bat forming (completing the C-D bullish leg)
EURGBP Short Setup Long-TermBeautiful Wyckoff Distribution Schematic 1 on the weekly timeframe, price is now creating the LPSY which will break the ice for the next drop to occur sending price on a markdown.
Nice Smart Money Sell Setup. They tricked dumb money into buying allowing them to enter sells at discounted price levels. Price has settled below the WAP where it is now creating the final LPSY of the Wyckoff pattern setting up another discounted sell entry price.
