GBP/JPY Potential Forecast|HTF Analysis| Wednesday, 12 July 2023Hi everyone!
-GBP/JPY give us a nice bullish price delivery previous week and for now is changin the direction (switch in orderflow)
-It have a lot of liquidity and IMB below him so that can be your potential target.
-If you are gonna enter on supply use confirmations.
I hope you will have a great trading day.
Smctrading
EU 4H analysis. Overall looking for longs.This is more a me predicting how price is going to move so if anything changes or doesn't go how I'm expecting I will update the analysis.
Right now I'm expecting price to break above which will create an inducement zone. Once that's taken out and we see a bearish choch we can expect the 4H to give us a pull back before the internal switches bullish. You can take shorts in the mean time only targeting weak internal structure.
Once we have a bullish choch on the 4H I will be looking for lower timeframe confirmation on the 15min to get long targeting the weak 4H taking partials and eventually hitting the overall target being the weak Daily high
NB: The previous bearish BOSs did not have internal structure because of what price showed on the Daily. This is more advanced multi-timeframe analysis so I wont go into the details. If you would like to understand let me know and I'll prepare a tutorial over the weekend
BTCUSD AnalysisBitcoin on weekly supply zone resistance, after rejecting from it the first time, obviously bitcoin is at the zone the second time, seeing the momentum weekly candle, Bitcoin might retrace 50% of the momentum candle.
the possibility for bitcoin to take out the weekly supply zone(sell zone) is 50% compare to possibility for Bitcoin to retrace 50% of the momentum candle is 75%.
the best location to trade Bitcoin is at the 50% of the momentum candle to go Bullish in to the weekly supply zone.
Also note that the weekly bias for Bitcoin is bullish (on ascending trend line)
EURUSD SELL to BUY setup Hey trading view its been a long time ,
this my EURUSD SETUP for the next week ,
Most likely we are still going bearish im targeting the buy OB at 1.07675 ,
Everything is explained on the chart ,,
Along with a simple forecast for the possible scenarios ,,
SHORT AT THE SHORT TERM ,,
LONG AT THE LONG TERM ,,
if you like the setup give it a BOOST & FOLLOW for mare ,,
TRADE SAFELY .
EURUSD SHORT ENTRYHey folks! if u missed out on the first entry supply zone after price made a change of character on 15 mins to align back to the H4 CHoCH, not to worry as theres a second supply zone to take a short from now. Our short term target for EURUSD is 1.0844 and our stop loss should be around 1.0925. Remember to always apply proper risk and money management on all trades. Love to see your comments
Unexpected Daily Choch EU UpdateThere are lots of things that can happen now. Best to keep expectations of where price could go to a reasonable level. IMO unexperienced traders should only target weak structure points and not liquidity points as those might not be taken, but I leave that decision to you.
Waiting for more information on Monday and Tuesday for a follow up analysis but for now best to target weak 4H structure points
S&P 30m Analysis: Unveiling the Perfect Sell Setup for Maximum📈 S&P 30m Analysis: A Perfect Setup! 🎯
✅ Price successfully captured its buy side liquidity and formed a breaker block, signaling a prime opportunity for a sell entry.
📉 Targeting the untouched sell side liquidity, traders can aim for a remarkable 6.5 risk-to-reward ratio.
💰 With the option to book partial profits at 2.5 deviation or hold for the ultimate gain at 4th standard deviation, this trade is a true gem. 💎
EIGHTCAP:SPX500
Why candle closes are importantThis is an example of why candle closes are important when marking out a BOS which changed direction. Like here the low just got swept and went on to make another higher high. There is no real way to know if it is a BOS or a trap so it's best just wait and see if we get a candle close or in this case break the high. You could get a reaction on the lower timeframe but it could just be a reaction and not lead to anything.
Swing setup on EU potential 300+ pipsPrice has given us enough signs that it will continue to go up. I'm just waiting for a pullback into discounted areas to look for longs. Those of you who are experienced can also get in on shorts when the 4H is pulling back to make profit with both longs and shorts
USD/JPY Potential Forecast|HTF Analysis| Tuesday 6 June 2023Hi everyone!
- on USD/JPY we have nice demand zone under price,
-Generally on USD/JPY price make a huge move to the top side in the last month.
-If you are planing to enter on demand zone use confirmations.
-I hope you all will have a good trading week.