NaimEdelweissFX

NaimEdelweissFX Updated 

- Its late at night, I am a bit tired to explain in detailed. - I will write in the note tomorrow morning local time.

NaimEdelweissFX Updated 

- Trade heavily relies on the liquidity pools, the failed breakout of the Price Action along the Liquidity pools, and the presence of Order Block (ie, a reversal indication and a sign of exhaustion in Selling Sentiment - Short Term). - We aimed to profit from the pip difference between the lower order block and the Fair Value Gap (FVG) during the correction phase....

NaimEdelweissFX Updated 

- Bearish engulfing candle on the failed breakout, accompanied by an order block on monthly levels. - The position holding period is 1-2 months. - On a grand scale, there is a massive order block accompanied by Large Liquidity triangles underneath the current structure. - Fundamentally, the Liquidity will be absorbed by Smart Money.

NaimEdelweissFX Updated 

-The trade heavily relies on the liquidity pools surrounding the structures as labeled. - The main driver of the sell limit order placement is the presence of CHoCH within the cycle. - Trade is SWING in Nature, holding period may be between 2-4 days. - The rest, the image is pretty must self-explanatory.

NaimEdelweissFX Updated 

- The failure of the price actions to break past the highest HIGH (4H) indicates exhaustion in buying interest. - The period experienced a failed breakout of the nearby monthly LOW, indicating that this price is Bullish in the longer term on the larger picture. - to add into perspective : 3M to 6M charts indicating a presence of Imbalanced or FVG at the top of...

NaimEdelweissFX Updated 

- Short limit order was made after a failed breakout and formation of orderblock at the nearest Monthly HIGH . - weekly price action showed a better imagery of the failed breakout. - Trade is contrarian in nature. - Holding period will be 3 days to 10 days, swing. - The failed breakout indicates exhaustion in buying interest. - the placement of limit order for...

NaimEdelweissFX Updated 

- A trade limit order was initiated after a failed breakout occurred on the daily time frame against the last month's HIGH. - This indicates exhaustion of the Buyers' interest. - The presence of orderblock on the false breakout zone indicates a reversal pattern. - However, not to be taken frankly, INDUCEMENT is going on at the moment (April 17) in the...

NaimEdelweissFX Updated 

- Trade is heavily reliant on the liquidity pools that exist surrounding the structures. - The last month's price action indicates the failure to break the monthly current LOWS, indicating exhaustion of the selling interest and a failing in volume. - The presence of FVG and Orderblock also signifies a price imbalance that may be corrected soon. - Our trade is...

NaimEdelweissFX Updated 

- The hunt of liquidity is in process. - Monthly Chart indicating an order block beneath the last Monthly HIGH - The order block price to be fulfilled - making the basis of this position trading. - The TP is subjective, however we emphasized pragmatism and work with the closest Liquidity Pool (LP) area - LP = closest HIGHS and LOWS. -Weekly latest HIGHs...

NaimEdelweissFX Updated 

- The trade is heavily reliant on the liquidity pools exist along the structures - Fair Value Gap coupled by an order block indicates an Imbalanced in price movement. - Multiple failed attempts to break the Intra-Liquidity Pools (towards Bullish), indicating exhaustion in the bullish bias. - customary, a fair value gap presents an imbalance in price, where the...

NaimEdelweissFX

- The trade relies on the liquidity pools around the structures. - The Main drive for the Sell limit Order placement was the Monthly CHoCH that occurred as labeled in the diagram. - It is supported by the nearest Break of Structure on the Monthly level, giving the impression that the Trade is on continuation, however, Correction is inevitable. - We have decided...

NaimEdelweissFX Updated 

- The liquidity pools gazzetted is the last Highest HIGH on the Monthly Levels - indicating a Liquidity Pools - The Failure of the last day candles to CLOSED above this liquidity Pools line, indicating exhaustion of Buying Interest coupled with the presence of large Engulfing Bear candles - initiating CHoCH. - Fair Value Gap also existed right after accumulation...

NaimEdelweissFX Updated 

- The Trade is heavily reliant on Liquidity Pools (LP) that exist along the structures. - The main consideration for this trade limit order placement was due to exhaustion patterns portrayed by the last Weekly price action (large wick formation). - Moving to the 3-hour chart, there are number of reliable liquidity pools exist that could be the place of entry. -...

NaimEdelweissFX Updated 

- Passed weeks have shown a sign of a false breakout indicating buyer sentiment is not strong - a strong signs for reversal may be in place. - entry limit is placed at the last HIGH of the weekly candles indicating the area with the dense Liquidity Pool. - SL and TP are as labeled in the diagram. - biased is strongly short for this pair. - Estimation of...

NaimEdelweissFX Updated 

- The Weekly chart indicating a downtrend - There was a presence of a false breakout price action named Inverted hammers on weekly charts - The Daily Charts reflecting a presence of order blocks signified a accumulation of short position is undergoing. - I decided to place entry at the last weekly candle's HIGH as my liquidity area. - The rest are as labelled -...

NaimEdelweissFX Updated 

- The Weekly chart reflected a number of false breakout attempts last few months - indicating the bullish sentiment is weekend on every attempt to break the nearest monthly HIGH - The current weekly charts false breakout (refer on monthly candle) enough to potray the exhaustion of Bullish sentiments. - coupled with the presence of Bearish Order Block at the Top...

NaimEdelweissFX Updated 

- waiting for the day candle of today to close; - briefly, the market appeared on the long side, but unfortunately, the last 2 candles (upon this entry day) do not reflect strong bullish sentiments - ending both last two candles (2nd of the previous too) possibly closed below the liquidity line of the last High (weeks earlier) - this is my position trading...

NaimEdelweissFX Updated 

In my GBPUSD trade, there is a compressed triangular pennant, compaction reducing indicating less volatility. with the presence of an order block prior to the formation of the compression zone. My chart reading indicates a pennant to be broken and OrderBlock to be filled and pushing hence grabbing the liquidity (sell orders) above the pennant and push the price...