El_Chapo_Jr

El_Chapo_Jr

Hello traders, •This week USDJPY has approached a Bearish Orderblock on the monthly timeframe with the three swing highs formed on the 4hr timeframe which normally show a potential reversal. •In addition to that, a Bearish order block was also formed yesterday on this zone. This bearish order block then pushed the price lower to break the market structure....

El_Chapo_Jr

Hello traders, I have observed that the fibre has formed a pattern that should not be ignored. This is since the close of last month whereby EURUSD has been forming lower highs on the 1hr timeframe at the POI. These highs are taking out the buy-side liquidity as they accumulate more sell orders. There is also a very significant liquidity void on the...

El_Chapo_Jr

Hello traders, This week the price opened by taking out last week's low followed by a quick bullish move yesterday. The bullish move has taken out the equal highs (EQH). This means that the buy-side liquidity has been raided as anticipated. The price has then reached the highest price of the week at Institutional Price Level (IPL) 1.26000. I'm anticipating the...

El_Chapo_Jr

DXY is very weak and that is what this analysis is based on. There are multiple confirmations of the price going short. These are a. The breaker formed b. The price is not respecting the previous bullish orderblocks The price is being attracted to the Liquidity void below. Like and Subscribe.

El_Chapo_Jr

Hello traders In the past two weeks, the bulls have been in full control making higher highs and higher lows. I have also noticed that the move is being accelerated during the London session and also the Newyork session (NY). On Tuesdays and Thursdays, the price is on an uptrend. On Wednesdays, the price is having a small reversal so that we can have another...

El_Chapo_Jr

Hello traders. Since DXY is getting weaker, the New Zealand dollar has also changed the order flow to bullish. This is after the Liquidity void below was filled and a breaker has been formed. There is also the formation of equal lows which is a good signal of the bullish takeover. Be patient to enter the trade at a lower price in order to reduce the...

El_Chapo_Jr

Hello traders At the previous week's low, a bullish Order Block has been created which has led to the creation of a breaker block. After the price rallied up high it retested the breaker block and created a bullish order block within it. I look forward to see the price rally higher to take out the liquidity on the upside.

El_Chapo_Jr

Hello traders. GBPJPY bullish setup is confirmed. Follow to see why; A previous week's low was formed and the price rallied up to create a breaker block. The breaker block was then retested and a Bullish Orderblock was created in this zone. This indicated that there will be a strong rally to the upside so that the price can fill the previous Liquidity void...

El_Chapo_Jr

Hello traders, a peak formation high has been created in which a bearish Order block is within it. The price has then closed below the price of 1.66782 thus creating a breaker block. I am anticipating that the price will go lower to fill the liquidity void below. Set the first take profit at the open of Monday. Like and Subscribe

El_Chapo_Jr

On the Daily timeframe, the peak formation high ( PFH ) is at the highs of both March and April. On the other hand, the peak formation low ( PFL ) is currently the low of the week whereas the PFH is the high of the week. Narrowing down to the lower timeframe, yesterday the price created a breaker which is a clear indication of a change in order flow to bearish....

El_Chapo_Jr

Hello traders, Euro is still very weak as CAD seems to be gaining more strength in the past few weeks. I believe that the price has reached the high of the week both on Monday and Tuesday and it will not go higher than that. The price is targeting the lower liquidities the first one being the previous low of the week. Like and Subscribe

El_Chapo_Jr

The bullish uptrend that you have been seeing for the last one month is just a major retracement. The good news is that the retracement is not yet over. With the equal lows being formed the price is being pushed higher. The price is breaking previous bearish order blocks which is a clear indication of a strong bullish order flow.

El_Chapo_Jr

Hello traders, On Friday CADCHF had a strong move to the upside and before the close of the week, there was a strong move to the downside. This move to the downside is an indication of the change in order flow from bullish to bearish. It was confirmed by the formation of a breaker block on the same day. However, since I missed out on the opportunity to go short...

El_Chapo_Jr

On the 1hr timeframe, a breaker block has been created to indicate that the order flow has changed on the lower timeframes. The order flow is now bearish. The price should drop to the 50% level and more so that the Fair Value Gap that was created last week after the rally up can be filled halfway. The high of Thursday which is also the low of Friday is my target...

El_Chapo_Jr

Yesterday the price retested the breaker on an upward move which was a retracement to take more sell orders before going down. This means that the bears are still in control and the order flow is still bearish. The price is on a downtrend so that it can fill the FVG below. Like and Subscribe

El_Chapo_Jr

The institutional price level of 1.21000 is a very significant level since it's a quarterly low. The price has been on an uptrend forming Bullish Orderblocks which are being respected by price. I am anticipating that the Bearish OB which the price is at now will also be taken out so that the buyers can take the price up to the equal highs at level 1.26020. Also,...

El_Chapo_Jr

After the price retested the Quarterly high we saw the price rally to the downside and the downtrend was confirmed by the breaker block that was created. I am anticipating that there will be a continuation to the downside so the liquidity void below can be filled. Like and Subscribe.

El_Chapo_Jr

A bullish order flow has already been confirmed after a breaker was formed on the 4hr timeframe. The Low of the week was created yesterday and the price is aiming for the higher zones. This should be a short term buy to be on the safe side. The target is the zone marked FVG (Fair Value Gap) because there is a price imbalance that needs to be filled. Like and Subscribe.