USDJPY SETUPUSDJPY 15M
Interesting setup on both sides, whichever that pends out first.
Prices tapped onto a H4 demand zone, propelling a buy-side move into a H4 supply zone, which made a sell-side move as well. We will be looking to trade the immediate moves on the lower timeframe if the setup is still valid for us to monitor later on.
Understanding how prices break structures, leaving behind unmitigated areas for us to catch an entry towards a specific target is important in intermediary movements like this. If you're unsure, skip this trade.
Orderblock
Order block - EUR/USD - long7 May price did wick to the south to grab liquidity and a sub-sequent impulsive move to the upside was observed, this formed an order block. the price is expected to push up again once it hits the order block. Let's see if there is confirmation once the price gets there, to decide if this trade is worth or not
GBPAUD H1 - SHORTGBPAUD H1 - SHORT
Potential BUY opportunity if prices comes back to test the support area, potentially making a temporary buy-side move.
Since prices tapped onto the HTF or major resistance area, we are expecting a sell-side move, liquidating the orders lying beneath the swing lows, trendline and equal lows created.
We'll be monitoring closely.
NZDUSD H1 - SHORTNZDUSD H1 - SHORT
Prices got rejected from a higher timeframe structure, breaking out of the ascending trendline showing signs of reversal.
With sell-side momentum, we are able to look for a pullback onto an unrefined zone @0.71800 resistance area.
With that, we will place a SELL LIMIT ORDER @0.71800
AUDUSD [Potential Short]
Clearly price is stepping down
Found a M5 order block (final bullish before break to downside)
Looking for retrace to the M5 OB for entry
If possible and avaliable will zoom into lower timeframe for more better entries
Target 1 to recent low before manipulation
Target 2 to a bit lower than recent daily high before break above 0.76773
GBPAUD H4GBPAUD H4
Prices looking towards a buy-side move, potentially testing previous resistance area @1.80500. Countertrend traders can look for a SELL entry if the opportunity arises, making sure that there is an AC/D around the area of interest before taking the trade with take profit area @1.79400 support area, before looking to take a LONG position for a continuation move upside.
NZDJPY - Correction Ending. Impulse Leg Soon! Do NOT Miss!I've been learning about order blocks and thought I'd try and incorporate that into my style of analysis and trading. This means more confluences, which means even higher probability set ups!
Safe Entry:
Wait for correction to break and enter with stops above correction
Risk Entry:
When you see bearish price action near the top of the ascending correction we're in now with stops above the order block.
NZDJPY - Correction Ending. Impulse Leg Soon! Do NOT Miss!I've been learning about order blocks and thought I'd try and incorporate that into my style of analysis and trading. This means more confluences, which means even higher probability set ups!
Safe Entry:
Wait for correction to break and enter with stops above correction
Risk Entry:
When you see bearish price action near the top of the ascending correction we're in now with stops above the order block.
ADAUSDT(Update)with in detail in last bear swing we had good reversal bar but it is bear bar and more over the shadow leads exhaustion ,we had good bull bar but bad follow-through there might be a bear leg down till demand area with in breaking the trend line it could be good setup to buy.. we should remember the probability is more important..