Potential reversal Clearly Gold is moving towards weakly bullish order in order to mitigate and run from there to a new uptrend volume .
Wait for retracement in the two green lines and sell with confirmation.
Smcconcepts
EURCAD Alternative CountEURCAD is in an interesting situation where we have alternative scenario, where in the short-term they are indicating the same direction but in the long-term are different. The idea is we have a zig-zag correction and also a leading contracting diagonal pattern.
Zig-Zag correction pattern we will see price break below previous low to make new lows, suggesting long-term bearish trend.
Leading Contracting Diagonal pattern suggesting we will make short-term bearish move to complete a corrective pattern as motive waves are always followed by corrections. With that in mind we cant make new low or break old low that would only invalidate the Leading Diagonal scenario.
What are your thoughts?
BTCUSDT is testing the demand ZoneThe price is testing a key level on 19300, where the price has the supply zone .
The price bounced on 18850$
How to approach it?
Today is a volatility day, so the price could create the spike in order to grab the liquidity and create a bearish impulse
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
EURUSD 15M TF (9/20/22)Price is bearish with a protected high and targeted low. Counter to 1h and 4h. We can see that we've had a break of structure to the downside and have supply zones to look for trades from. The POIs each have structural liquidity near them. To look for longs I would need to see a 15m range fail, showing some intention to go up.
EURUSD 1H TF (9/20/22)Price is bullish with a protected low and targeted high. We can see that price came to mitigate demand and targeted the high. It failed to close past the high signaling that leg as weak. That leg became liquidity and price has now swept it. Price has reacted from the wicks of the bullish impulse. I want to see price show its hand before i take any trades. We will play to the currently intentions though
EURUSD 4H TF (9/20/22)We have a protected low and a targeted high showing price is bullish and executing the complex pullback of the daily. Within this range we can see it has its own complex pullback down to demand zones. Price tapped into a demand zone and has been range for a few days. We can see in the range that price built liquidity, swept the liquidity and FTC'd the high of the range. It then pulled back to demand and target the high again but FTC'd the previous high while also creating a bullish internal bos. The internal structure is aligned bullish with the HTF narrative but be sure to look at both sides.
EURUSD Daily TF (9/20/22)Price is also bearish on this timeframe. We can see we've had the internal break bullish signaling the complex pullback. When breaking to the upside price left a clear demand zone. Price has been reacting to the zone a week, which did give us a slight bullish push.
EURUSD Weekly TF (9/20/22)Price is bearish so we have a protected high and targeted low. We FTC'd the low which signals the internal high as weak.
BTCUSDT wants the demand zone?The price has a demand zone above the previous lower low in the lower timeframe where the market created an order block inside the demand zone.
We are monitoring these levels and we are waiting for a reaction.
Volatility day ahead
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >= 1h structure.
Follow the Shrimp 🦐
6R ETH Short TradeBearish structure on ETH.
Price mitigated my 1HR POI,
Then 5M CHOCH occurred. So refined 15M + 5M area I'm looking to short to target minor lows.
6R Trade
Follow me for more trade ideas
EURUSD 1H TF (9/18/22)On the 1h we have a bullish bos, aligning with the 4h narrative. It easier to see the sweep of the lows and break bullish here. The demand is a valid place to look to take longs. We could also play shorts knowing that our narrative is for price to pullback to the demand.
EURUSD 4H TF (9/18/22)We have a protected low and targeted high. Those swings points were a complex pull back for the daily TF. We can see that price moved correctively upwards and left clear demand zones to trade from. We now have a internal break bearish to those demand zones. So this is the complex pullback for the 4h. Price ranged at this demand zone and eventually swept the lows and FTC'd the range high. We can see have a valid demand zone we can look for our entry model on. We are currently price in discount.
EURUSD Daily TF (9/18/22)Price is bearish. We can see that after the ftc that we broke bullish internally and tapped into a supply zone. Price reacted to the supply zone and pulled back to demand, where we have our current reaction. This demand zone is a flip and its valid for price to continue having a bullish reaction. Price did already tap into premium so it also valid to keep coming down. Make the case for both sides of the market.
EURUSD Weekly TF (9/18/22)Price is bearish. We have a protected high and targeted low. More recently we see price failed to close past the low, signaling the internal high as weak. Price pulled back to supply of that internal high and gave a reaction back down.
5R $BTC Short TradeBTC 5R Short Trade idea
Looking to short BTC in the area shown.
15m CHOCH, looking for a pullback into the unmitigated supply zone for a further move to the downside targeting 4HR demand.
1D = Bearish
4HR = Bullish
15M = Bearish
5R tarde
Follow me for more ideas
EURGBP Potential Selling Opportunity!In Today's trading session we will be monitoring EURGBP for a Selling opportunity in and around 0.866 area. Once we get a Bearish confirmation the trade will be executed and shared with our premium subscribers.
- RISK DISCLOSURE
TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS! Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! The high degree of leverage associated with trading currencies means that the degree of risk compared to other financial products is higher. Leverage (or margin trading) may work against you resulting in substantial loss. And feeling a sensation similar to getting sucker punched in the stomach. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Market Opinions BigGainLTD will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. YOU are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Internet Trading Risks There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since BigGainLTD does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Distribution This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.
4R ETH Long trade ideaLooking to long ETH from the area shown
Same as my previous BTC setup in terms of structure.
Bullish 4hr inside of a 1D bearish strcuture.
Inducement created on the 15m, looking for a sweep of that into my refined entry limit.
Risk entry.
4R trade.
Follow me for more trades.
4R BTC Trade Idea4R BTC Trade idea...
After a big sell of yesterday, volume is very low.
To me, the 4HR has a bullish market structure within an overall 1D bearish structure.
BTC potentially formed a HL on the 4HR here and 15m CHOCH showed that it could be a confirmed HL.
So i am targeting the 15m swing high with tight stops.
4R trade...
Follow me for more ideas.
GOLDDaily : Bullish
4H : Bullish
15MIN : Bullish
Note: Need 1 mint BOS/CHECK before entering the trade
EURUSD Bullish OrderblockAfter yesterday's disastrous CPI news, EURUSD tanked from the strengthening of the USD and we can see a PDL OB formed on the EURUSD.
Although it is a strong bearish trend on the intraday timeframe, I know that price doesnt go in one straight line direction and counter-trend moves are needed to build liquidity for the inevitable bearish move down.
Recognising that this is a counter-trend trade, I manage my risks and set the buy limits on 50% fulfillment of the PDL OB.
What ensues is a no frills and nothing fancy outcome of 4.14R
There is still a current M15 supply above so perhaps could have taken partials or held the trade longer but I want to start off the week on a positive note since this is a counter-trend trade as well.
Abbreviations :
PDL - Previous Day Low
OB - Order Block
30k target after choch bos confirmationtargeting 1W OB and 88.6 for bat. next couple weeks will be bumpy but the target is unchanged
EURUSD ChoCH after CPI releaseToday we can observe a ChoCH aka "Change of Character" of the EURUSD trend from bullish to bearish on the lower intraday timeframe since the higher low was broken because of the high CPI news.
What this means is that the higher timeframe bearish trend is set to resume officially after the retracement we had in the past 2 weeks.
As an SMC trader, I see potential shorts at the new supply area created after the CPI news today.
As usual, sell limits will be placed at the 50% fulfillment of the new supply area with stop loss just above the PDH (previous day high) to give the trade some breathing room.
There is a high chance that price might not retrace to that supply area but if the trade does indeed get triggered, we can ride it down to potentially new ATL (all-time-lows)
Cheers !
ICT SMART MONEY CONCEPT (FVG/IMBALANCE) SELL SETUPBINANCE:SOLUSDT www.tradingview.com
On the Daily Timeframe, there is a Liquidity Sweep just above an old high before price has a Displacement to the downside breaking structure(BOS) leaving behind a fair value gap(FVG) or Imbalance if you will.
Currently, the price is making its way up (Retracement) to fill the Imbalance/FVG before having another leg down to take out the old swing low.
DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE AS THIS IS MEANT FOR EDUCATIONAL PURPOSES ONLY.
