In this quick and easy lesson, I will break down the concept of liquidity.
If you retain the thought that liquidity stands for an area where stop losses are you will grasp this concept quickly.
We often see spikes into areas of liquidity before true moves continue, this is so that banks can capture as many orders as possible before they depart from the area.
Price action and market structure. Understand. Anticipate. Earn.
As advocates of technical analysis of price, we recognize that price and its traces on a chart are everything. Nothing else is needed.
Only one thing is important for us, we do not need to get away from everything and understand the price action and the structure of the market.
Price is a trace....
I started yesterday morning by posting an idea with the phrase below.
'Lets start the morning with everyone's favourite! Gold'
Well I'm kinda doing the same again this morning but this time it so we can all have some more food for thought at the breakfast table instead!
Now here me out, I have drawn the two graphs in this mornings idea on...
Candlestick patterns are frequently applied for the identification of early trend reversal signs .
Here are the three most common reversal formations that you may encounter trading different markets:
1️⃣ - Equal inside bar formation
Once the price reaches some important pivot point quite often it tends to form a ...
This is at strong support both technically and psychologically as it is at £1. I do not expect this to drop anymore from here, if it does then a quick bounce back should be expected as can be seen on the 21st December 2020. I have set TP at the previous high of 146.45 and then another target at 164 if it breaks the previous high.
Wheat is experiencing a bullish reversal with the inverse head and shoulders. Price is making a series of higher highs and higher lows. The first target is equality of the head and shoulders at 0.96. Central banks can print currency but they can't print wheat!
LLOY is recovering nicely from last year's mauling but 40-43 was always going to be a tough area, as proved in November. 40.79 was the high/failure back then but we are now above here and making bullish noises, getting back to levels last seen in March of last year. Resistance above is pretty sparse due to how quickly it dropped last year, suggesting that it could...
Bitcoin (BTCUSD) is setting itself up for a higher high as a new ascending channel takes form.
We have a potential higher low in place that can lead to prices shooting back up.
The next resistance & support levels are marked on the chart.
Additional details on the chart.
Feel free to leave a comment if you have any questions.
Thank you for reading.
Dogecoin has been within 3 levels for a couple of months and has been respecting it very well. In late May we got a breakout of the descending wedge pattern but we failed to break the important midlevel which is why we are still stuck within the 0.22 and 0.45 level.
We are now approaching the extremes of the range - the 0.22 support level. We have a descending...
I suspect that the downtrend is not over yet. Bitcoin still has the potential to fall. If the downtrend line is broken, we can hope for its growth.
This is just my personal opinion, so be careful in your actions
Location : Iran
Eu is setting up for a potential Asian sweep entry tonight.
The HTF are due for a decent pull back long, however we don't know when this will happen, we could see further downside before the big pull back occurs.
If price pulls back into the Premium area on the 1HR range then I will be looking for a clean continuation entry short on the lower time...
The strengthening of the dollar is not over yet, with the beginning of the new week its rally will continue.
A sell signal of medium strength (2 of 3) after testing the resistance level (1.1906 - 1.1925) and the psychological level (1.1900).
Trade target - 1.1800
Hello traders,In the 1 hour time frame, we are still in wave 3, wave 3 has completed its 1, 2 and 3 microwaves and now we are in wave 4, for the purposes of wave 4, we have three fibo 0.50, 0.38, 0.24, which in Fibonacci retracement state 0.618 field analysis.
❤️Please, support this idea with a like and comment!❤️
First US30 trade of the week has alerted.
Our script says it's time for a long after a successful sell closed out last Wednesday.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
I try and share as many ideas as I can as...
Hy dear Members hope you all are enjoying our ideas and Analysis. Now we are here to discuss about US30. US30 Is exactly Moving According our Analysis. After this Breakout now this is in Retesting period. After that it will drop more. Keep in touch we will update further soon.
After the big gold drop our 15M strategy has presented a long opportunity on gold this morning.
This means the sell I covered below in a previous idea comes to a close at a whopping 34:1 RR gain!
Entry details are shown on the chart for the new long...
Hello traders, In the daily time frame, waves 1, 2 and 3 are completely formed.
And now we are inside wave 4, wave 4 is smaller in time than wave 2, but it should not be like this, or at least close or more.
We have two scenarios for gold, the zigzag pattern or the flat pattern, both of which are equally probable, because the previous moves were made in such a way...
In this post, we will be explaining what a flag patterns is and how to identify and trade them.
What is a Flag?
The flag pattern is the most common continuation patterns in technical analysis. It often occurs after a big impulsive move. The impulse move is followed by short bodied candles countertrend to the impulse move, which is called the flag. It is named...
I want to start the morning by not posting a usual trade idea setup.
But to talk more about the methods I now use for my trading and how they have alleviated negative feelings which can occur with trading.
A while ago I opted to switch to an systematic objective based approach for my trading.
This was down to numerous factors which you will find on the drawings...
Creating lines on a chart is one of the most fundamental methods of charting when performing technical analysis . Being able to create these effectively and quickly is a very useful skill to have.
Horizontal, Vertical and Cross lines can all be found on the drawings panel to the left of the chart in the subgroup “Trend Line Tools”. These tools can be added by...
Japanese Candlesticks are thought to have been invented by the Japanese rice traders
And then made their way into the West where they were used for stocks, forex and commodity trading.
Reading candlesticks is quite easy: the body represents an area that indicates the price distance between the open and...
This indicator displays your choice of up to 9 fundamentals on your chart.
You can configure the following attributes of the display:
• Its position on your chart.
• Automatic or custom height and width of rows.
• The size and color of text.
• The default background color (you can override it with a custom color for individual...
Hello everyone <3
I present to you guys my new indicator Volume per Point (VP)
As suggested by the title, this script gives you the volume for every point.
Here's a run down on specific features:
The columns can be the following four colors:
Green - There was an increase in VP
Red - There was a decrease in VP
Yellow - There was...
This script finds the Cups and you can use it while analysing the symbols. it creates circle and channel for the potential Cups and checks the number of bars included by the channel, if included bars is equal or greater than the value you set then it shows the cup.
"Number for Bars to search" : Maximum length of a Cup
A detrended series that oscilates around zero is obtained after first differencing a time series (i.e. subtracting the closing price for a candle from the one immediately before, for example). Hypothetically, assuming that every detrended closing price is independent of each other (what might not be true!), these values will follow a normal distribution with mean...
Hello Traders, This is a Video of my Analysis on this Pair. ( Previous Analysis Linked below )
On the monthly Timeframe, Price is currently Testing our 0.618 Retracement Level.
On the weekly Timeframe, price is testing a previous Demand level.
On the Daily Timeframe, Price is Testing a Level of Demand which is in confluence with our 0.618 level taken from the...
A dollar surprise can still hit. There is a last line of defence for the Dollar.
Price has come into a structure area, either a double-bottom or triple bottom, and the 3D ATR line is just below price.
Some say that the US Dollar is bound to crash. That's not necessarily true. Read up on 'Dollar Smile Theory'.
Disclaimer: This is not advice or...
Wyckoff distribution forming on daily chart.
I was asked to do this analysis, however, I do not trade BTC and have not been watching the market and its price action.
Please take into consideration that I do not know how this market reacts hence the various scenarios I have given at the end of this video.
Elon's tweets could make things happen very...