Smctrading
GBPJPY market structure analysis on 4 hour time frame4H swing is bullish
Internal (i) swing is bullish
Today the price rallied again and broke the strong top creating a bullish CHOCH signal and creating a new strong swing bottom.
The 4-hour trend will only turn bearish when the strong swing low is broken
My Theory Bias on Gold⚱️#XAUUSD (GOLD / U.S. Dollar)
⏰Time Frame : 4-hour
📌Status : Neutral
‼️ Important
📆26.06.2024
By investigating the #gold graph on the 4-hour time span, we can see that in the wake of stirring things up around town focus of $2337 from our last examination, gold confronted weighty selling pressure and neglected to arrive at the ensuing targets. Following this, gold encountered a huge drop, remedying down to $2304, and has since seen recharged request in the wake of social occasion liquidity underneath this level. As of now, gold is exchanging around $2315. We really want to check whether the cost can remain over this basic level for the following 8 hours. Assuming the cost falls beneath $2309 once more, it will probably enter the $2200 territory. Notwithstanding, in the event that gold can settle above $2320, we could see it rise again to $2329. This investigation will be refreshed appropriately.
XAUUSD: Next week we can see bullish: 3000+ pips move!Recent Price Action:
High High (HH): Price reached a peak before reversing at 2,376.50 USD.
Break of Structure (BOS): Multiple occurrences indicating potential shifts in market direction.
Fair Value Gaps (FVG): Indicate price imbalances that may get filled in future movements.
Projection:
Immediate Downtrend: Potential downward movement towards the 2,310.00 - 2,312.00 USD demand zone.
Possible Retracement: Upward retracement towards the 2,368.00 - 2,376.50 USD supply zone before continuing the downtrend.
Further Downside: Extended bearish targets around 2,280.00 USD.
Market Observations:
Watch for price reactions at the demand and supply zones.
Monitor structural breaks for trend confirmation or reversal.
Be cautious of liquidity sweeps which may cause abrupt price movements.
#XAUUSD: Has the Trend Changed on daily timeframe!?Dear Traders,
After looking at how price has behaved strangely suggesting a possible price reversal, if price drop it is likely to have. a swing bearish move since there is no strong reason for price to retest the 2277 region as it already has done once. There is another strong possibility is that, below price area of 2270 needs to be filled so we can expect price to drop somewhere 2208$. Good luck and trade safe!
GBPJPY market structure analysis on 4 and 1 hour timeframes4H swing is bullish => current is pullback dow.
1H swing is bearish => current is pullback up.
M15 swing is bearish
Price has not broken through SMT and IDM, we can look for selling opportunities down to the demand zone of the 4-hour time frame
Profitable Multiple Time Frames Smart Money Strategy Revealed
In this post, I will share with you a very accurate SMC strategy that combines top-down analysis, liquidity, imbalance, order block and inducement.
Step 1 - Identify liquidity zones on a daily
Liquidity zones are the areas on a price chart, where big players are placing their orders. From such areas, significant bullish and bearish movements initiate.
Liquidity zones that are above the current price will be the supply zones, while the liquidity zones that are below the current price will be the demand zones.
We will look for shorting opportunities from supply areas and for buying opportunities from demand zones.
Here are the liquidity zones that I identified on EURJPY.
Step 2 - Wait for a test of one of the liquidity zones
Let the market test the liquidity zone.
For buying, the price should reach a lower boundary of a demand zone.
For shorting, the price should test an upper boundary of a supply zone.
I underlined the exact levels that the price should test on EURJPY.
Here is the test of the lower boundary of the demand zone.
Step 3 - Look for inducement on an hourly time frame
With the inducement, smart money make the market participants think that the liquidity zone that the price is testing doesn't hold anymore.
When the price tests a supply area, an hourly candle close above its upper boundary will be a bullish inducement.
With that, the smart money incentivize buying orders.
When the price tests a demand area, an hourly candle close below its lower boundary will be a bearish inducement.
With that, the smart money incentivize selling orders.
The price closed below a lower boundary of a demand zone on EURJPY on 1H time frame.
Step 4 - Look for imbalance on an hourly time frame
After a violation of a supply area on an hourly time frame, look for a bearish imbalance.
Bearish imbalance is a strong bearish candle with wide range and big body. With that candle, the market should return within a supply zone and closed within or below that.
After a violation of a demand area on an hourly time frame, look for a bullish imbalance.
Bullish imbalance is a strong bullish candle with wide range and big body. With that candle, the market should return within a demand zone and closed within or above that.
Here is the example of a bullish imbalance on EURJPY.
After a bearish inducement, the price formed a high momentum bullish candle and closed within the demand zone.
The imbalance signify that a liquidity zone violation was a trap . With that, smart money simply was trying to grab the liquidity.
That will be a signal for you to open an order.
Step 5 - Look for an order block
After the formation of the imbalance, the market becomes locally week and quite often corrects to an order block.
Order block will be the closest hourly liquidity zone.
After a formation of a bearish imbalance, look for a supply zone on an hourly time frame. That will be your perfect zone to sell.
After a formation of a bullish imbalance, look for a demand zone on an hourly. That will be your area to buy from.
Here is the order block on EURJPY.
Step 6 - Set a limit order
Set a sell limit order within a supply area after a formation of bearish imbalance on an hourly time frame.
Set a buy limit order within a demand area after a formation of a bullish imbalance on an hourly.
Here is your buy entry level on EURJPY.
Step 7 - Select the target
If you sell, your target should be the closest daily structure support: horizontal or vertical one.
If you buy, your target should be the closest daily structure resistance: horizontal or vertical one.
In our example, our closest structure resistance if a falling trend line.
Step 8 - Set stop loss
If you sell, stop loss will lie above a bullish inducement.
If you buy, stop loss will lie below a bearish inducement.
Here is a perfect point for a stop loss for a long trade on EURJPY.
Step 9 - Trade
Let the price trigger your entry, and then be prepared to wait.
It took many days for EURJPY to reach the target.
Trading Tips:
1. Make sure that you have a positive reward/ratio. It should be at least 1.2
2. Risk no more that 1% of your trading account per trade
Being applied properly, that strategy shows 70%+ accuracy.
Try it by yourself and let me know your results.
❤️Please, support my work with like, thank you!❤️
GBPJPY market structure analysis on 4 and 1 hour timeframes4H swing is bullish => current is pullback.
1H swing is bearish => current is pullback.
Price has not broken through SMT and IDM but there is a pullback inducement signal so we can look for selling opportunities down to the demand zone of the 4 hour time frame