The dxy was has definitely taken a plunge and of course usdjpy being correlated in the same direction it has been bearish. have a nice hiekin ashi setup with a new bos so I can see price continuing bullish if we can get that close below. mapped out a couple of targets if price breaks a back above it will make our sell invalid.
I prefer to trade with the trend.. but when the higher time frame is correction or making a retracement to create new liquidity, those can be some really great trades. it can take time to complete the full retracement trade, but it still can provide a decent risk to reward. we have a nice impulsive move that broke strong support. there were a few fair value gaps...
Trade played out beautifully. we are at the first main target and this would be a great place to take partials or exit fully. I would definitely move my stop loss to protect my profits and avoid a stop loss after such a great risk to reward trade. currently sitting around 155 pips.
our previous high was swept. and price has been rejecting this area for awhile in consolidation.... looking for new selling pressure and a close below this key level of support can give us a great push back to fill all the gaps that was left behind on that impulsive move.. gold is still very bullish so be patient and wait for price action to give you the entry
It has been in a channel for quite some time..Yet the selling pressure has been very prominent. after much liquidity was built up and a with a master candle being broken to the down side and seeing a sell flat top close below gave me the indication this was a great area to execute the sell.. if we can break that low it will be a massive trade.
I Wanted to fully break down my thoughts on bitcoin. Trading zone to zone with the current trend as explained in the video is super helpful. NO indicators just pure market structure and price action. With a focus on order blocks. Happy learning!!! Would love some feed back on this breakdown
Very nice setup. No need for me to be greedy.. All lots are closed and the account has grown nicely. 3000 pip win.. keep it simple and study market structure
Price has been ranging from 107k to 102 k.. with rejection happening 3x at that key level and now making minor lower lows and lower highs.. I can see us getting to atleast 105 and possible back to that layer of support at 102k.
We got a great drop as expected as the selling pressure showed us during friday it had a minor choch and already took out buyside liquidity.. we are 3/4 to the final target.. Now the next important step is to manage your profits. This is where I would move my stop loss and or take 80% in partials leaving the remaining to run the course. Never let profits turn into...
I like this current buy setup. Price went bearish after breaking new highs and I expected some retracement. With price breaking the sellside liquidity creating a choch showing us signs the money makers might be ready for another bullish run. Even if we dont get a new high for now a nice buy seems like the next move. stop loss is set below the last order block that...
4hr (The analysis on the 4hr time frame is very similar to the one on the daily. We do have a little more price action. Price made a choch to the upside and now is retesting that 4-hr. order block. This level will need to hold, and I would like price to close back above .56566 to take a buy. And the sell entry also remains the same as I posted from my daily markup.
WEEKLY (On this time frame we are getting a closer picture of the price action that is happening at this key support level which has held strong since 2009. If we can get a break and retest underneath the support, we will have a nice sell setup. If I wanted to buy, Price would have to close back above 0.55985 or break and retest above 0.58719. and price may stall...
NZDUSD MONTHLY (currently at the monthly support and we have two more levels below. The last time those two levels were reached was in 2009 and 2002. If price breaks below .54000 we can possibly see price reach that level that was last reached in 2009. If the dxy starts retracing we can see price reverse and start to go bullish since we are at a strong level of support
Price is playing out nicely from out original entry. We have surpassed 99,000 very close to 100k. It is right below a key level of resistance. IF this level gets broken we have a great chance to see price continue bullish. I would love to see that extension area get reached around 112000. with market structure presenting higher highs and higher lows the uptrend...
Price played out nicely. we are currently breaking past the previous higher high. it would be great to see this bull run push to a new high, heading towards 112,000. the abc sequence is following the plan. we have the choch, followed by a new bos (break of structure). the bulls have made it clear they are in the market and ready for another run. this has great...
nas is still in our sell area. we got about 900 pips the first time it dropped. will price continue the sell flow or finally push up to break the current resistance area above. I am still leaning towards the sell because of the most recent choch.
we had a couple levels marked up and that gained us 900 pips off a beautiful snipe last night.. hopefully you caught some of that beautiful move before it reversed
we have a great sell off early monday... price has retraced back to that breakout level over the last couple of days. I like this entry area for that continuation sell.. took a while or the retracement phase to reach this level. this is a key resistance on the htf so unless it gets broken we should see a nice move to the down side