Lovely move down into the hourly imbalance today on EU.
This provided perfect conditions to enter longs on the 3 min chart, targeting the liquidity resting above the equal highs as shown on the chart.
Messy charts are not always a bad thing! Assess the noise, take what you can from the market and exit at a logical area where we are likely to see a reversal in...
With central banks having to promise they would deal with the liquidity crisis that is apparently everywhere and avoid another 2008-style meltdown of the industry.
Crude oil prices came off their lows as the near-term outlook for the banking sector improved, easing concerns about an economic slowdown later in the year.
Markets are also holding out for more cues...
hello trader, hope you are having a profitable week.
on GBPJPY the price has broken the previous resistance and now turned the support level, after the retracement, I expect continuation to the upside.
if you have a different idea kindly share it below,
thank you
If you've seen my last video on the EUR/USD, I was looking at 2 trendline levels to potentially take a trade from. The EUR/USD has popped to that upper trendline and Median level to find some resistance. A short limit order was initiated at 1.0788 and will hold this for the time being.
The Cautious side of this trade is that the market still has a gap that it may...
FX:GBPUSD breaks the trendline now it's looking to retest the previous minor support. you can take both long-term and short-term trade with my analysis. important. please always use proper risk management
Hello traders, in today's trading session my team and I are monitoring GBPJPY for another buying opportunity above the 160.000 price level, once we get a bullish breach the pending order will be activated.
Pip Regards, DayBot6.
What do you think of this idea?
One of the things I've realized in the years I've used this strategy is that price will 98%+ of the time respect my entry zones even though go in my speculated direction. When you see that happen it means that such zones are special and are also known to the market makers. Price has been consolidating at the supply zone I identified yesterday on DXY but it's not...
There's quite some bearish momentum on DXY and although FOMC issued hawkish statements to try and jawbone the dollar into strengthening it's most likely that the USD will continue bearish though not in the long term. Price action in my perspective agrees with a bearish dollar
Price reached my entry zone which rejected bearish prices for a short while but the initial momentum had become too bearish for price to start buying from that entry. Outcome: SL hit
We had this 3H gold sell setup on 5th Dec 2022 that had failed to activate because price was in a rush downwards. So last week the setup activated although it rallied a bit higher than my expected entry to take sell orders at around 1805.80. However, the stop loss wasn't hit and the trade is still active. Let's see how it goes. ALWAYS APPLY PROPER RISK MANAGEMENT.
US100 once again dipped into the 4H order block at 11504 this week from which I anticipated demand to kick in following the previous setup last week. I anticipate DXY to drop further and that's why I think US100 might rally at least to fill a volume imbalance above last week's highs. Let's see how it plays out
If you've been following my setups then you probably saw this DXY setup that was most likely to sell off from a break of structure supply zone. However, since it didn't further break structure last week, it rallied a bit to run last week's short term highs. Let's wait and see how much lower price action will drop. Though with how price action is playing out, it...
The price is currently at the peak and near to the supply. Based on market structure,the price will go at discount price after a rejection .
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DXY has a strong bearish momentum and has already broken structure on the hourly timeframes. I therefore' think that it'll drop further to take run the short term lows created this week and possibly to also run an old week's low. R:R = 2.5. THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. APPLY PROPER RISK MANAGEMENT
Candlesticks are price messengers and tell us a lot about price. A look at the previous 4H candle shows impulse but it was also unable to break structure hence it'll most likely seek a deeper discount before potentially rallying for the void and imbalance above
If price decides to clear those short term highs, it might inject bearish orders which could retrace downwards to mitigate at the bullish OB where I'll be willing to take my chances up to the end of the void and bearish OB above because I already have bullish impulse and BMS
