Quick intraday trade model long I took this trade after a recent high was broken and the market created an imbalance. i took my time to wait the market to fill the imbalance and went long I placed my TP on previous days high and SL on an order block.
it is Friday and there is only less time before the market closes this just for educational purpose
Smart
GBP/USD Short ForecastAs we have been in a long term down trend for the last couple months we are long term bearish on OANDA:GBPUSD . Expecting price to drop to our magnet zone.
Price already respected out Short Zone however we anticipate a second test deeper into our zone before dropping with momentum. If not we will look to take intraday trades down into our long zone which we do not expect to hold however, we expect price to react briefly off, before later breaking it to form new lows. We will also lookout for new short zones that may form in the mean time.
EUR/USD ForecastingAs we have been in a long term down trend for the last couple months we are long term bearish on EURUSD . Expecting price to drop to our magnet zone.
It seems price is retracing so we are short term bullish until price reaches short zone 1 where we will be looking to short. If price does not respect zone 1 then we will look to short from zone 2.
However we are also weary price may continue dropping from here and create new lows. We will look to see how this week ends. EU price has been choppy for the past several weeks so we are on standby until we get a clear indication of price respecting our zones.
USDZAR Smart money concepts💰We're looking for high probable trades on our Area of interest (AOI). The price can simply sell to buy, then collect liquidity and shoot down from our AOI, That's where we are looking for our shorts.
This is not a signal but a forecast, apply risk management, and manage your your trade when in profit, don't close until we reach our next purple demand zone.
Be patient enough, this is a high priority set up with huge percentage of returns when caught in the right entry.
Possible sell for GBPUSDUsing my 3 rules of SMC I looks at the higher timeframe and I see a Clear down trend. So my bias is a sell.
Secondly I look at for areas of supply and demand and I see a supply zone which has already been tested so I looks out for points of re-entry.
To re-enter I check on the 4 hour tf and saw an order block which had broken structure, has momentum and volume and remained untested. I noticed this 4 hour order block was a wyckoff distribution in the 1 hour tf. The distribution remained incomplete as the last point of supply has not been tested(details will be provided in the comment section)
I moved into the 30 minutes tf and got my point of entry
Entry 1.37843
Stop loss 1.37966
Take profit 1.32725
Our risk is 12 pips
Our reward is 512 pips
Our risk reward is 1:46
We can allow the sell to ride unto the weekly low to enjoy maximum profit
SHORT INCOMING! US 100According to smart money rules and market structure - We have a break in market structure which formed a very obvious engulfing orderblock (Supply), followed by multiple spikes up to form a pool of liquidity which I suspect will be taken out very soon to enter the orderblock and short from there. This is so obvious, its funny. If it doesnt work out, oh well.
Bitcoin Drops like its hot. 86k coming in HOT?On Nov 21st we were looking at a push down into the 45k range and price did push lower to 40k.
Current Price action is sitting at 47.4k at the time of this video for almost a 20% correction back to the upside after the fall.
This Selloff was healthy in my opinion and sets up a perfect weak hands sell opportunity and a strong buy opportunity for institutional investors to position and average in further and start bringing price action back up which in my opinion will drive bitcoin into the 86k range by Mid March.
Not Financial Advice. All Entertainment.
Keep Stacking It
How you do one thing is how you do everything!
-HP