Trend is long term bullish but currently bearish. We are close to hitting bearish trend line. Falling wedge with recent double bottom. Multiple FVG’s to be filled. All indicative of an impending reversal to initial direction. 1) long @ 1.07884 if $ & downtrend $ is swept 2) long @ 1.07225 if 4h $ & bullish $ is swept 3) long @ 1.08553 if OB & trend line $ is...
Potential bullish Judas Swing for another entry position. 1) liq grab of low 2) bullish CHoCH 3) identify established FVg 4) set entry to 50% of FVG/imbalance 5) wait for FVG to be fully tested and rejected (closed inside but wicked outside. 6) go to your lower tf (I pick 1m for entry) 7) wait for CHoCH on lower tf 8) find fvg created 9) wait for retest and...
Potential bullish Judas Swing for another entry position. 1) liq grab of low 2) bullish CHoCH 3) identify established FVg 4) set entry to 50% of FVG/imbalance 5) wait for FVG to be fully tested and rejected (closed inside but wicked outside. 6) go to your lower tf (I pick 1m for entry) 7) wait for CHoCH on lower tf 8) find fvg created 9) wait for retest and...
4H TF - BULLISH divergence - Breaker block confluent with 50% Fib level - Break and retest of Bearish trendline liquidity - HH established 1H TF - FVG sustained as a breaker block
4H TF - trendline broken, waiting on retest - FVG intersection with said trendline - 50% fib level confluent with both of above - previous breaker block confluent with all of above - LL created 1H TF - FVG overlapping 4H FVG 15M TF - 5 touches just below target entry (LIQUIDITY SWEEP?) - FVG inside of both HTF FVGS. ALL of the above intersect within the same...
After a breakthrough of the bullish 30min trendline, we see the potential for a continuation of the htf bear run. I am waiting for this to display confirmation via a retest at two potential price levels - 2041 and 2045. The latter being more likely considering it is an OB. Although the FVG created only covers the former. Depending on the nature of price action...
BULLISH CONFIRMATION - uptrend on daily, 4h, 2h - imb created in line with a bullish engulfing indicating that it will be mitigated - upside down triangular formation between trend line and bearish OB - above both MA’s REVERSAL/PULLBACK SIGNS - failed to reach a HH - liquidity sweep after consolidation - supply side liquidity has been collecting -...
Bullish trendline liquidity leading to a reversed impulsive move that created a CHoCH and subsequent BOS confirming bearish bias. A second OB was created on top of the previous bearish OB following a rejection that caused another significant imbalance. I have been waiting for price to retest this, as bulls attempt to win back bias. I am expecting this structure to...
Trend line liquidity with bearish breakthrough causing bearish IMB, creating a CHoCH. This structure is followed by another bearish BOS and a fake CHoCH. We then started to see price attempting to fill the 2H FVG just below the bearish OB that created it. As we speak, liquidity has been grabbed and price is attempting to head down towards the unmitigated bullish...
Following this long consolidation period, EURGBP has had multiple significant impulsive movements. There is still a valid bullish OB @ 0.85898 but since the FVG above has been fulfilled, it could penetrate this level and fill the FVG below. The bullish OB @85615 has yet to be retested and since it is accompanied by a significant FVG, I have every confidence that...
EURGBP sell - Strong sell on technical indicators. Breakthrough of a rectangular continuation pattern. TP set up using trend based Fib Extension @ 0.618 level. Will use 15m TF for entry.
As we await for this influential moment, the markets remain consolidated with very little volatility - which makes sense. With an already weaker dollar, we have seen some conflicting loss in value of XAUUSD. Although i'm tempted to believe it is the result of the optimistic speculation over the pending NFP figures. With an expected 20% rise, will this deflate the...
A bearish pressure formed by an OB @ 1.08515 has caused this constant and significant downtrend in price recently. Despite the long term bullish nature of AUDNZD, we are seeing both oversold stoch and negative momentum on the daily time frame. This has been paired with a small rejection from a strong daily bullish OB meeting at the weekly trendline. Will this...
I have identified a bearish OB @ 148.178 creating a significant CHoCH. Subsequently, this formed a smaller bullish impulse with a second CHoCH and a potential level of liquidity @ 147.457. Using Fib Ret in the pullback @ 0.618, this levels up with the bullish OB, further confirming this point of entry @146.694. Once price has reached my alert at 50% of the bullish...
FX:GBPAUD An OB was created previously, that lines up perfectly with the upwards trendline. I saw an indication that selling pressure had not yet been relieved so did not take this trade at my target entry. Stoch and momentum were still low and oversold, signalling an imminent retest of the OB where I expect it will cross my entry once again. I will continue to...
XAUUSD - we previously saw an a tempt at retesting an older OB. The most recent inefficiency has created a FVG that is currently being tested and slowly explored. While these signs appear promising for a sell, we are still seeing some buying pressure, indicated with over 50 on stoch. Momentum however is negative so we can expect confirmation of a bearish trend to...
XAUUSD has been a recent rollercoaster of indications, and while this is nothing new, we can see this being the result of a consolidation phase thats identifiable across multiple timeframes. Price is relatively neutral and balanced, however stochastics favour a bearish setup suggesting a breakout of the flag from below. The daily and 4h trend based fib extension...
Ive analysed XAUUSD on a 4h timeframe and identified a previous impulsive wave that preceded a correction finishing at 1901. Price has since show indication of starting a new impulsive wave with its first HH at 1948.17 followed by the formation of a higher high.