Narrative: On Higher Timeframes, price retraced to a 1D supply zone and broke the trend (red line) so we are long-term bearish. During the move that broke the trend, market hit the demand zone with a massive gap at the start of the week. We can therefore trade retracements while we wait for the supply zone (blue box) to be hit. Anticipating that blue supply zone...
Market hit the major OB and reversed on the 4H chart, starting the downtrend. I anticipated a pullback at an internal minor OB but the selling pressure was too high. Now waiting for minor pullbacks before jumping in on the downtrend. Target for the minor downtrend is the 4H low. Then we may anticipate the possibility of a major retracement. My last idea missed...
Idea Qualifiers: - Market retraced to discount - Minor OB hit - Liquidity swept - 15m BoS with gap formed Idea Invalidations: - Invalidation high is hit before entry Notes: - The BoS is very tight, but does not have the structure of a liquidity grab on lower timeframes. - The retracement is therefore expected to be deep, drawdown should be expected. - A 1m...
Idea Qualifiers: - Market is Extended - Minor 4H High Hit - 15m BoS with gap formed Idea Invalidations: - TP1 is hit before entry Notes: - The BoS is very tight compared to the general structure of the impulse. - As this is related to a major OB, secondary swipe of liquidity is possible. - Look for the market to swipe the highs and then drop, creating...
1M State: Bearish Trend 1D State: Bullish Trend 15m/1H State: Bearish Trend Currently there are 2 higher time frame targets: 1M OB (not seen on chart, above the 1D supply zone ) which is the anticipated target for the 1D bullish trend and the 1M Old Lows, the target for the 1M bearish trend . Therefore this week's primary focus is reaching the 1D supply zone. As...
Changed many things on the chart and this is the final shape of the past week. The bulls were broken at the start of the week but hitting the 15min demand zone provided a tradable pullback. Unfortunately, the trade did not reach the system's target. Because we did not reach the target, we also did not reach the system's sell zone and the sell was missed as...
1M State: Bearish Trend 1D State: Bullish Trend 15m/1H State: Bullish Trend Currently there are 2 higher time frame targets: 1M OB (not seen on chart, above the 1D supply zone) which is the anticipated target for the 1D bullish trend and the 1M Old Lows, the target for the 1M bearish trend. Note: The 1D bulls may not break the shown 1D supply level and instead...
Bulls were pushing steadily toward the weekly equilibrium level and the 1D Block. Therefore, buying opportunities were the main focus for the week. No structural reference points were created on Mon or Tuesday so no trades were taken. Eventually, it swooped down, took out lows from both Monday and Tuesday and bounced upwards, creating a tradable scenario. The...
Currently not much on lower timeframes to be traded so looking at the larger ideas for now. We recently changed trend on the 1Day chart and the next turn point of this level is at the purple line shown at 1.14963. From there we may expect a continuation of the major (weekly/monthly) trend which is bullish. Currently the market is overextended and we should...
After my post earlier, I spoke with a friend and realized my demand zone was incorrect.. Market reacted beautifully and is on its way back up, potentially finishing the wyckoff reaccumulation! Looking out for opportunities to get in! ✅ Like if you like! ✅ Comment your thoughts! ✅ Follow me here to see more ideas as things develop! ~Blessed Trading~
Looking at the market now, we had a great push from the spring point but failed to make higher highs. The pullback is also coming very deep right now, seemingly deeper than normal for a continuation from a spring. We do have a potential support level labeled as the LPS so will be looking out for that. PS. My computer was down earlier this week so unfortunately...
This is the rest of the details for framing up the charts and my current idea of this high timeframe liquidity grab. Current reaccumulation almost complete. The red zone must be broken for the creek to be considered broken. Once broken, we will look to catch the LPS and continue to trade higher. Note: Reaccumulations usually look like distributions up...
As we approach the yearly high made at the start of the year, we are currently pushing for a final liquidity grab to accumulate the necessary orders. Will post the details of my zones in a bit. This is what I expect of the major move. ✅ Like if you like! ✅ Comment your thoughts! ✅ Follow me here to see more ideas as things develop! ~Blessed Trading~
ANALYSIS UPDATE (See linked Ideas) Building on previous ideas, we have tapped into the MTF demand and moving upwards but reached a block and currently retracing. (See "EU MTF Update: Bull Train Leaving the Station!" Linked Idea) We tapped the initial point of demand but were unable to break the top (Updated the demand level 2.5 pips in hindsight) (See "The...
Quick Idea for a Scalp buy to capitalize on EU's bullishness right now. Looking for price to return to the support level (OB) and push up to create new highs. May just put a pending order for this even though it's always safer play the reaction. It's a quick and simple idea, if it helps you, great! ✅ Like if you like! ✅ Comment your thoughts! ✅ Follow me here...
The EU bulls are rampaging! For swing entries, we are going to look at the 4H timeframe and wait for price to return to the nearest supply level to look for opportunities to get in. Just marking out key levels for now. Nothing to do... yet . Housekeeping: I think I prefer the classic chart layout, keeping this one! ✅ Like if you like! ✅ Comment your...
LAST WEEK'S RECAP The week played out perfectly! Price came down into our LPS zone and turned, showing the support that we anticipated to finish off the reaccumulation pattern and allowing an entry at the bottom of the next bull run! LOOKING AHEAD I'm anticipating this demand zone to push price all the way to 1.23496, so it's a matter of enjoying the ride...
On this timeframe, we see the reaccumulation in full swing and price using the high volatility news to jump the creek at the end of last week. Anticipating a pullback next week into the demand area and hoping to trade some kind of reaction there. ~Blessed Trading~