salamanka

salamanka

Today, I’ll be considering the possibility of a 70+% retrace to the upside using the TGIF (Thank God it’s Friday) setup. This usually kicks in by the London or NY-AM open if it’s going to happen. If we don’t see more downside and traders decide to close out their short positions from the week, we could see an upside move. I’m watching for a market structure shift...

salamanka

You can see here on the chart that there is a 4hr breaker block above the REH marked out on the chart, I will set alerts here to to see if we dig into that for a short set up. As we are currently at the previous days high and holding around there i would only consider a short here if we start building another breaker block on the 15m and come back and retest it...

salamanka

You can see here the FVG below that was taken during the Asian Range, and there's an order block above. These are key levels to watch out for when we get the NY-AM open for the CPI release today. I suspect we'll see a trade setup form around that time. Right now, I'm just eyeballing these levels, with the REH (relatively equal highs) just above the Asian range....

salamanka

I am long here from where it took out the London Low and then up to the NY opening price with TP1 with a Tp2 at the top of the London session

salamanka

In this analysis, you can see the previous week's levels mapped out. Notably, the CE (consequent encroachment) of the previous week aligns with a bearish breaker block in premium pricing. I’m particularly interested in observing the immediate daily FVG we’re currently in. If we move up into the breaker and face rejection, it could indicate further downside....

salamanka

Here I have got into a long position to take me to the end of the 5th wave which shoukd complete at the npoc above

salamanka

If we break into the current range with a candle close we are then heading down in that range to where i've put my laddered trades in.

salamanka Updated 

Here is my Bitcoin short idea that i'm looking at if we make it to this area of interest

salamanka

I've put this Elliot Impulse wave together with an ABC corrective and a possible entry around the fib golden pocket for anyone interested in maybe looking at this trade. Thank you

salamanka

Aa you can see here i've got two options to short and long from. These are a 6/10 probability trade and i'll be trading it carefully

salamanka

I'm going to long bitcoin from the level i've market below but it needs to be watched, don't preset this on your exchange you need to watch it as it's a bit choppy in the weekly to daily level. You can see the daily marked above where we bounced from the dollar. This next level looks fairly strong to trade

salamanka

Here is a trade using harmonic on bitcoin. Hope you guys can use this

salamanka

I am now waiting for the order flow to confirm that there is a possible long here and then i will place a position. Make sure you check the order flow before you get in a position here

salamanka

I'm looking at these trading points here to long from the Buying Tail and take it from there. Ideally if we enter the upper single print area i would be interested in closing my long at the top of that single print and looking for a possible price reversal at that point.