Smart Money LONG | AUDJPYVery similar price action to GBPUSD
However, we have had an HTF break of structure on the 4HR break a significant high.
We have now had a shift of structure on the lower timeframes so let's see how price delivers
Orderblock
Smart Money SHORT | NZDCADLooking at NZDCAD we are in a Daily POI
switching down to the lower TF's we have a BOS and a last area os supply.
Lets see how price delivers from here
EURAUD H1Prices broke immediate swing low, leaving behind a supply area for us to get involved, targeting a refined area for a BUY opportunity towards the HTF liquidity highs.
Smart Money LONG | AUDCHFLooking at AUDCHF we tagged a 4HR POI, The order flow then slowed down, and now we have had multiple breaks of structure on the lower timeframes
We will have to see how price delivers itself, if the high that has formed is broken for me it will become invalidated
Any questions feel free to ask
USDCHF H1Prices are between 2 areas of interest. A HTF supply area where prices got rejected from, into a potential demand area that failed to break HTF supply area. We'll see how prices reacts at the demand level.
BTC is a finest SL hunter these days. #BTCUSDT #Binance #Daily #Midterm
- What a sharp drop! Bitcoin was rejected thoroughly at 52K zone which is around bottom of the major orderblock formed around early May 2021.
- I have addressed this very resistance gathering technical factors such as numerous upward trendlines, top of the parallel channels, and projection/expansion/retracement levels of the wave structures.
- In my Elliott Wave perspective, since Bitcoin has failed swing high, I am leaning slightly more towards the 52K high being the end of the wave B and thus expecting another bearish wave to come which then would be wave C.
- In a shorter term, make sure to consistently check whether bottoms of the yellow and white channels are valid.
- From the fact that the bottom of the recent dip happens to be located at the LVP(Low Volume Peak), I will definitely be more bearish if bottom of the yellow channel fails supporting.
- Here are some of the areas that I find them attractive to enter long position if we observe more drops: 37K~38K (Valid until 9/18), 33.2K~34.8K (Valid until 10/05).
- If these supports are broken later, according to many wave theories and methodologies, I strongly expect Bitcoin to rally down to test the mid-term bottom around 29K. The ultimatum support that I am considering is around 23K~25K.
- Lastly, if Bitcoin sort of forms widening or broadening pattern and make an HH, the next resistance that I deducted is 56.5K~58.5K.
AUDCAD short + Entry levelAUDCAD short + Entry level
First tp is rr
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Smart Money SHORT | CADJPY2 potential entries here on CADJPY
Wait to see how price delivers itself to us.
Smart Money SHORT | AUDJPYAfter catching nearly 30% on the way up I am now looking to see if we can catch the move to the downside.
Lets see if it plays out
CADCHF H1 - SHORTPrices tapped into Daily supply area, gave us a shift on the H4 timeframe and now and now looking for sells. 2 ways you could find an entry:
1. Set a Sell limit orders onto the refined areas by means of supply on the lower timeframe.
2. Confirm these areas on the LTF by means of structural shift or CHOCH
Smart Money SHORT | GBPAUDLooking to hopefully dig out the 2nd position on GBPAUD
If it tags me in and then tags me out then I will take a NET profit of 6.09%
Let's see how price plays out
USDCAD SHORTThis is what i see happening on USDCAD.After BOS to the downside i see price gradually moving back for mitigation. I marked the two OBs.
My ideas. Do your analysus and Play safe
GOLD BuyThis is what i se happening on the smaller timeframe. After price hit our daily OB, i switched to the smaller time frame and i saw price formed equal lows and which was taken out then price broke the last structure (LH) and came back to test the last OB..that is the institutional candle. I took 50% of the candle for a buy. im targeting the last LH on H1.
DXY H8 - LONGPrices are likely to reach out for liquidity highs after getting rejected from a demand area.
Smart Money SHORT | EURAUDLooking at the structure of EURAUD
Currently bearish on the lower TF's but if we break this lower timeframe structure it could be time to look for longing positions as on the higher timeframes we are still very bullish
Let's see how it pans out
CADJPY H2 - SHORTPotential SELLS onto CADJPY, shifted on the LTF as prices taps into the HTF supply area.
GBPUSD H8 - LONGPrices broke out of structure and left behind several demand areas for us to get involved. Wait for the tap into the respective areas, look for the shift in structure on the LTF before taking BUYS.
Smart Money LONG | WTICOUSDLooking at potentially seeing West Texas Oil rise to my next 4HR POI
-First Target - 7.49%
-Secondary Target - 15.74%
^^^ These are targets but I never set a take profit upon taking a trade entry I only ever manage according to the structure.
Any questions feel free to ask
Ben
Weekend Analysis + Market Re-cap Looking at some good trades i took on AUDJPY this past week
Also breaking down some of the pairs in which I am looking for some possible trend continuations or trend reversals based on the market structure that presents itself.
Any questions on the analysis please do let me know via a comment or message.
Take Care
Ben
Smart Money LONG | NZDCHFWaiting for price to pull back to the 15min POI after creating this Wyckoff re-distribution
Thoughts?
GBPUSD 15M - SHORTPrices broke down from a H1 supply, looking for a pullback onto the supply area. LTF traders can look for BUYS into the supply area that we've identified. Otherwise, simply wait for the pullback and look for the structural shifts.
Smart Money SHORT | EURUSDLooking here at EURUSD 2 potential selling areas.
we could move lower from the first 5min POI or the 2nd one could be the better entry.
