In light of DXY's current consolidation, I've turned my attention to the exotic pair EURGBP. Exotic pairs typically display increased volatility during such phases. Yesterday, I shared an analysis on EURGBP, foreseeing the filling of the H4 Order Block. Consequently, I entered a sell position as per the analysis. Today, I'm considering a continuation...
I am currently monitoring a further downward movement towards the sell side , aiming to reach the H1 Sell Stops. Yesterday's analysis unfolded as anticipated , with a potential sell opportunity materializing as expected. This was driven by the presence of relatively equal lows, leading to the successful navigation of the m15 Order Block and subsequent...
I am currently observing a potential sell opportunity aimed at reaching the Engineered Liquidity, driven by the presence of relatively equal lows at this juncture. With price having successfully navigated the m15 Order Block, the Liquidity Void has been filled. I will await the New York Session to seek confirmation for sell positions, aligning with our...
We have left some imbalances behind following yesterdays explosive move that need to be cleaned up prior to continuation. $META 40bln buyback may put a dent on any dip adds and we could continue right at the open into BSL. I'd be looking to fade this initial move if so back to value. On the hourly we have what appears to be a large BISI (buyside imbalance - sell...
*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to...
EURUSD follow up on my daily outlook looking for price to come to my area of interest to look for sell opportunities.
Price will have to fill the FVG at the bottom. Price did a Breaker Retest on the Monthly time frame meaning it is bullish in the long term but for now it is bearish. Let us see what Price will print.
If Price does not break market structure it will be a little retracement into the order block and down to fill the FVG down there.
Two scenarios might happen 1. If Price is able to break the order blocks, price will seek to fill the Monthly Liquidity Void and Monthly FVG below OR 2. If the order blocks hold then it will seek to fill FVG and liquidity void before coming down. Let see what price will print.
DXY at the moment is weak meaning GU is going to buy for a very long time until fundamental factors set it. Price would want to fill the FVG since it is the path with the least resistance.
You can see price moving downward, repackaging price for another push phase at my optimal trade entry (OTE)...Price is moved downward by the big bank looking for institutional interest where it was spotted using my classic Fibonacci tool (79%). so we waiting for big banks to manipulate price downward then we buy at the 79% Fibonacci or sweet spot (OTE)...THANK YOU!!!
Here we see a price cap off close to 12500! It dropped as I believe was a correction to the market bullishness. The yellow zone is where the resistance is on the daily time frame and it matches up nicely with the Fib levels I'm confident in taking trades in. Price had also shoot through 11500 and looks to be retesting it! Grey box is were I woud look for longs.
XAU broke a high and tested the 50% Fib level but I think will return down and get close to the OTE for another chance to get in long! Let's see what next week brings.
We see a new recent high on the 15M by breaking down the 1H. We see price break that 41.13 level with a swing high so we throw a Fib up. We do not take any trades unless it comes near or into that 50%-79% Zone!