XAUUSD: Possible Second Area Where We Can See Price Reversal! Dear Traders,
Hope you are doing great, we have witnessed development in price from our yesterday chart. We can expect price fill the 'fvg' area and then reject from that area. We can see price continue growing from 2406 to 2460 or 2470 and reject from there. Good luck and trade safe.
Smcconcepts
BTCUSDH4Bitcoin is rising from these levels, provided that it is forbidden to break the last bottom of $53,591. The correction now is what determines whether we are in an impulsive pattern or there is another bottom. If you see a clear triple correction, Bitcoin will definitely explode strongly upwards.
#USDJPY: +1000 PIPS Trading Setup | Do Not Miss Out|Recently we witnessed a sharp dropped on USDJPY due to BOJ hints of intervene in currency market. However, in fact they just gave hint of intervention and did not specify the plan. In some scenario, many says, it was a move to alter the direction of JPY pairs for sometime. In our view price is likely to move upside strongly after touching our area. We therefore advise you, if you are taking sell entry be extra cautious.
Good luck and trade safe.
SMC - BUY EURUSDConditions for setting up a Buy:
1. The trend on the H4 and H1 timeframes is upward
2. The price retraces to the Fib 0.5 - 0.618 zone
3. The Fib 0.5 - 0.618 zone is currently a liquidity zone.
Entry:
- Around the Fib 0.5 - 0.618 zone, a 0.5% Buy limit can be placed
- SL below Fib 0.618, TP at the nearest peak
- The remaining 0.5% will wait to see if the price moves to the Fib 0.5 - 0.618 zone and confirms a reversal candlestick pattern on a timeframe smaller than M15.
Note:
This is personal analysis for reference only. Take responsibility for your own potential losses.
SMC - BUY XAGUSDConditions for setting up a Buy:
1. The price returns to the liquidity zone
2. The price returns to the Fib 0.318 - 0.5 zone
3. Divergence appears on the H1 timeframe (waiting) and M15 timeframe (waiting)
4. The trend is upward on the H4 and H1 timeframes
Entry Point:
Around the Fib 0.318 - 0.5 zone, with mandatory divergence and a reversal candlestick pattern.
SL below the Fib 0.5 zone, TP: 31.750
Note: This is personal analysis for reference only. Take responsibility for your own potential losses
SMC - BUY EURCADConditions for setting up a Buy:
1. H4 and H1 trends are upward
2. The price retraces to the Fib 0.5 - 0.618 zone
3. According to SMC, the entry point is at the previous liquidity zone and right at the FVG area.
4. Located right on the upward trendline zone
Entry point:
- Place half of the order at a Limit of 1.48006, SL: 1.47760, TP: 1.48722
- The remaining half waits for a divergence signal or a reversal candlestick pattern at the Fib 0.5 - 0.618 zone on the M15 or M5 timeframe to Buy. SL and TP remain the same as the Limit order.
Note: This is personal analysis for reference only. Take responsibility for your own potential losses.
Crypto : 1000PEPEUSDT.P ORDER FLOW Entry15m : First Order Flow Mitigated( mandatory ) > Second Order Flow Demand Zone Mitigated
LTF(1m) : Liquidity Swept > Candle Confirmation(Bullish) > Entry
Note: Whenever 15m order flow doesn’t fully mitigated up to its order block, getting at least one confirmation from the liquidity side ( i.e liquidity sweep) in LTF(1m) will increase your chances of entering the trade. After the liquidity sweep, wait for a candle confirmation before entering with a limit order.
DOTUSDT H4 Dot currency. For storage. We put 100 lines under the word storage. I do not trade. Futures contracts, I store currencies. They are for storage, including levels. Frankly, I bought from the $4 levels. I bought from the $4 levels. I bought a respectable amount. Now. It is at $6.25. The first target, as shown in the chart, $11? I sell half the quantity, at $11. And we target $20 to $25 with the remaining half quantity. Good luck to all of you, and any question leave me in the comments.
DOTUSDT D1Poca Dot currency. For storage. We put 100 lines under the word storage. I do not trade. Futures contracts, I store currencies. They are for storage, including levels. Frankly, I bought from the $4 levels. I bought from the $4 levels. I bought a respectable amount. Now. It is at $6.25. The first target, as shown in the chart, $11? I sell half the quantity, at $11. And we target $20 to $25 with the remaining half quantity. Good luck to all of you, and any question leave me in the comments.
My Bullish Idea For USOIL Trade - Here is Why am Buying USOILFOREXCOM:USOIL
Here is why am bullish on USOIL.
1. The daily time frame structure is extremely bullish.
2. The 4hour is also bullish.
3. The 1hour chart structure is extremely bullish such that there is no reason to go short.
The orderflow on 1hour is very bullish, price is respecting bullish PD Arrays like Fair value Gaps (FVG), Bullish Orderblocks, bullish breaker etc.
My entry, target and stop loss are all on the chart.
I hope this inspires you.
Drop your idea in the comment section.
GBPCAD: 700+ pips swing move in making; what you think? FX:GBPCAD
After looking at the daily timeframe, we have identified the price pattern with this particular pair, we pointed out the upcoming big move based on similar move that this pair has made. Currently price has been rebounding from the strong buying zone where we expect a large volume to kick in the market. First our main aim will be to see how price react at the downtrend trendline and if price successfully breakthrough the region. We can then enter more entries with this pairs targeting long term 700+ pips. Good luck and trade safe.
Trading GBPUSD | Judas Swing Strategy 02/07/2024Last week saw a lull in trading activity for the Judas Swing, concluding with no trading opportunity on the four major currency pairs we monitor ( FX:EURUSD , FX:GBPUSD , OANDA:NZDUSD , FX:AUDUSD ). This pause in activity has heightened our anticipation for engaging in some promising trades this week. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises:
- Setting the timezone to New York time
- Confirming we're on the 5-minute timeframe
- Marking the trading period from 00:00 - 08:30
- Identifying the high and low of the zone
The next step on our checklist is to await the sweep of liquidity on either sides of the zone, which will give us a directional bias for the trading period. Liquidity was taken at the highs after 20 minutes, signaling our focus would be on identifying potential selling opportunities.
Although a bias has been established for the trading period, we do not proceed to sell indiscriminately. To enhance the probability of successful trades, we await a break of structure (BOS) on the sell side. Following the BOS, we expect the price to pull back to the initial Fair Value Gap (FVG) formed during the development of the leg that broke structure.
Next on the checklist, we wait for the price to retrace into the Fair Value Gap (FVG) and execute the trade only after the candle that entered the FVG has closed.
After executing the trade, we were in profit for about 10 minutes before the price reversed, leading our position into a drawdown. During the drawdown, we remained calm because we had risked only 1% of our trading account on the trade, aiming for a 2% gain if the trade was successful. We were aware that our strategy does not guarantee a 100% win rate but rather hovers around 50%, indicating that some losses were inevitable. To avoid becoming emotional over the position, we let the trade run its course and accepted whatever the outcome would be.
We later reviewed the position and discovered it was once again moving in our favour, only to reverse direction and head towards our stop loss. We anticipated an average position duration of 6 hours and 35 minutes for the trade, so we let the trade run.
We waited with patience, yet our perseverance did not bear fruit on this occasion, as our position reached the stop loss after 4 hours and 40 minutes, leading to a 1% reduction in our trading account. It's important to note that we were on a winning streak for a few weeks and it's normal to have losing trades; no strategy guarantees a 100% win rate. However, with proper risk management and a favorable risk-reward ratio, the potential for profit can outweigh the losses.
XAUUSD 15 MIN If we look at the daily frame, we can notice the market structural change from bullish to bearish. That is, after the price was breaking consecutive highs, we notice that the price has started to form a lower bottom than the bottom, which shows that we have changed from bullish to bearish. This is the daily frame. Now we return to the 15-minute frame to see what we can do automatically. Returning to the mentioned team, we notice that the price has broken the structure again, and made a structural change. According to Spleen, we made a structural change with the price accelerating and leaving a gap behind at the top. From there, we can enter some sell deals. All you have to do now is wait for the formation of two highs so that the price takes liquidity from them, and as many traders as possible exit before the price drops to target the bottom of the previous day. Thank you. If you have any questions, see you in the comments.
#XAUUSD: Has the Trend Changed on daily timeframe!?Dear Traders,
After looking at how price has behaved strangely suggesting a possible price reversal, if price drop it is likely to have. a swing bearish move since there is no strong reason for price to retest the 2277 region as it already has done once. There is another strong possibility is that, below price area of 2270 needs to be filled so we can expect price to drop somewhere 2208$. Good luck and trade safe!
GBPJPY market structure analysis on 4 and 1 hour timeframes4H swing is bullish => current is pullback dow.
1H swing is bearish => current is pullback up.
M15 swing is bearish
Price has not broken through SMT and IDM, we can look for selling opportunities down to the demand zone of the 4-hour time frame