The average true price, where liquidity will be built up again will be around 1733 :)
After a break of that price line, go short :) theres an area of contraction, now for the expansion and then trend up :)
I would only take a long around this price, if it breaks this price the second level below, do not short as you'll probably get stopped out. Using market flow and the way the markets flow, this would be the best possible outcome :)
I am working on a new strategy, that predicts move more accurately, I don't trade during contraction, I might trade during expansion (Not advisable) but quick shorts or quick longs. This looks like it's gearing up to be a quick long and a long short down to create a new Swing Low :) . Getting an entry during the trend seems to be the best option when working with...
I am working on a new strategy, that predicts move more accurately, I don't trade during contraction, I might trade during expansion (Not advisable) but quick shorts or quick longs. This looks like it's gearing up to be a quick short and a long. NOT Financial advice :)
I think BTC will drop to around 9000-12000 level, as institutional money will come into the market and swoop up BTC, the ATP ( Average true price) will be around that level. Be smart, Don't be dumb :)
I see gold either going up to the 0.618 level on the FIB or just dropping to find more liquidity at the previous OB and then obviously a long to previous swing high :)
Gold is generally unpredicatable but with the bullish year to come I'm expecting the Institutions to expand as we are currently in a contraction phase basically shaking out the short traders and "dumb money" as well as gaining liquidity on this retracement and then I believe we'll go into a trend to break previous swing highs, followed by a drop back to the...
View the structure the swing low is low and the TP is high, use the structure for confirmation :)
I think this pair has done a great retest of previous swing high and I'm now looking for a reversal as the OB has been found :)
Yesterday I shorted this pullback and made great profits, but overall I think the trend on EURAUD is changing and has found a resistance zone, it has been sitting in this area, and I'm thinking there's an order block at this level, So I'm long :) The overall trend is also changing and is now bullish.
The trend is down and the swing low has not been tested as well as the order blocks are sitting at the swing low, DEMO TRADE
Just attempting to use SMC for this pair and trying to predict a possible move up. I could be wrong, I'm not an experienced trader so don't take my advice, I'd rather have honest feedback than criticism please :)
Just an Idea, but I feel as if their may be a slight retracement and a big move to the upside just by viewing this chart and throwing in a couple of indicators.
I'm currently learning how this currency pair moves and this is my predication, not sure how accurate i'll be, but so far I've gotten good at working out this pair. Please don't take my advice, I'm just learning and would like you to share your opinion on my predication.
Peace look at the chart, don't comment.
No comment, buy on the breakout, PEACE