NQ- HAS SCOPE TO XYZMTF Long leading into a long term short position
extreme link to BTC can see something almost exact to match
Has scope to be various ew counts and the main 2 both have scope to hit the desired zone with multiple confluence's
Would make sense in terms of seasonal pivot timing and line up nicely on multiple fib time pulls.
also i can the inverse movements within the DXY and falls in line.
could go deeper but i have moves on es and ym that would also corelate
Having said all of the above my secondary idea see's at at resistance currently with a small push to the upside with a pivot being placed and seeing us attack and the high time frame lows to form a true bottom and very first stages of a new bull run this year.
expectation of a very sideways first wave for a prolonged period that is difficult to enter with confidence then a very deep wave 2 that stops the feint hearted long term positions
followed by an extreme wave 2 that climbs beyond all expectations
SMT
my pre market analysis for this week 3/5/23I'm thinking retrace slightly into BISI from Friday.
then up to hit 1H OB near the opening price to left in red... just creating some liQ for NFP Friday
probably by Tuesday PM sesh
Then Weds-Friday drop into Discount
and hit an area with FVG & OB before going bullish to end the week.
only looking to sell if Tuesday hits the OB above WO
and then only looking to buy If we arrive at our anticipated discount array by mid-week
Major SMT EURUSD / GBPUSDI would like to direct your attention to this. Please trade safe and be aware that turbulent times are upon us. Price can do as it pleases and this here (Depending on what DXY shows as its hand) may indicate EU is pushing highs to pair liquidity and GBPUSD short books are full.
Using DXY - Bond yield Divergence correctly.A really strong indicator for future price action of say DXY for example can be the divergence between it and 5y, 10y and 30y bond yields. Forex markets are driven mainly by interest rates and so if we take a close look at the bond yields we can see them making lower highs whereas DXY is making higher highs. As said, DXY will also follow the bond yields and so we would expect DXY to drop. This SMT Divergence concept coupled with economic events could make for a great trade idea.
USDCAD LONGSOff the daily, its not a rejecting pb.
Its in the middle and hence a reaching pb.
The daily candle is bullish after London session.
Makes sense to look for longs on ltf.
On h4 , look left and a previous swing low was taken out. This shows a strong origin.
On m15, a good number of previous lows have been taken out(More than 2). This indicates a strong origin.
We notice bullish momentum to a point that has been touched previously taking out the pre existing orders as the market ranged around that area
and we expect a RTO.
The Buy order is executed with tp at 50% of the origin and sl at the previous lowest low of the current m15 market.
An extra order is added on m1 time frame off an order block and the trade is pyramided for maximal returns.
Now we wait to see the trades results. Our work is done as as retail trade analysts.
Now we wait.
See you on the next trade ideas ladies and gents. Share & follow if this was of value.
EU analysis for the upcoming week of Oct. 9In this video I go over my opinion of were I think price will be heading. EU has reacted off a Daily -OB MT to the pip and has started its decent to the nether parts of the charts. It is my opinion that since the dollar is still buying so strong that EU will continue to sell. I think that EU is setting up to retrace towards premium prices for shorts. There are key levels I highlight where I will be looking to add positions.
Macro View for EU.Overall EU is still very much Bearish, but still hasn't retraced to an optimal premium price level. There are imbalances to the upside noted here as "FVG" where price must be delivered buyside. In my humble opinion, the areas between the FVG, .79FIB and -OB is where I will be looking for entries for the major selloff. This could potentially be a swing/position trade. Lets see how it plays out.
-ChaarateFx
My analysis for GJ for the upcoming week of Oct. 9. In my opinion, GJ is bearish for the moment given the fact that there was a major impulse in price action on the daily chart that broke structure to the downside. In this video I share my ideas where I anticipate price heading in the short to intermediate term.
AUDCAD Short IdeaThe idea behind this potential setup is with the recent bearish momentum, we've continued to break lows and then break the significant low that i have market with BoS.
We have seen some points that could or have been traps for many SMC traders that you can see marked in purple.
the blue zone is where i would be most interested in trading, however i would like to see how price action develops in its approach to this area and how it behaves once its mitigated.
Be patient.
EURUSDPrevious day high/asian range high broken currently retracing FVG. there is a chance the market may come down to take the liquidity below before going up as the asian range high was taken before taking the asian range low.
For bullish setup wait for the candle to give proper confirmation of rejection on the FVG and only enter if the candle closes above the FVG.
for bearish setup wait for the FVG to be broken take the swing low.
GLGT
Dxy divergence with EurUsdBe wary at this moment when trying to trade EurUsd. Dxy seems bullish but EU is very choppy and price action is undecisive. Smt divergence is evindent right now. Below chart is EurUsd. Liquidity is trapped on both sides so trading the range is the ideal thing right now. August is choppy too.
Happy trading