Smart Money concept has been a best strategy in financial market , the use of fair value gap has made it easy in catching the oportunity . here is how to determine and trade Fair Value Gap also known as Imbalance
Hi Traders!
The market is in a strong Downtrend, especially after
the Breakout of the weekly Trendline.
But since then, it seems like the marke isn't
really pushing downwards.
Firstly, we just had a little bit Lower Low and
this time, there isn't even any Lower Low.
This potentially indicates bullish strength.
The first target would be the outer Trendline...
At first, I see that CHFJPY respects its trendline, then I added Schiff Pitchfork that provides clearer levels of the price movement. I consider the 0.5 line of Pitchfork as an inner trend line and the 1.0 line of Pitchfork as the main trend line.
Now the movement of price seems slow, that I predict the price will move down first to take more orders to rise. In...
USD/JPY has formed consecutive lower highs indicating a bear market on the H4. On the daily you can see price bouncing off the daily support of 110.07 few weeks ago and retraced to the 61.8% fibonacci level before continuing the bearish momentum. Price has struggled to break the H4 resistance level of around 111.41, forming spinning tops and dojis with long wicks...
EUR/USD could have finished its retracement after a series of bearish momentum. The 61.8 fibonacci level seems to be holding up as price has rejected it on the H4 a couple of times. You can see a doji and spinning top on the H1 which suggests uncertainty around this level and potential reversal to the downside as PA seems to be exhausted around 1.1655. Price has...
Introduction to my analysis:
1) Price Action is KING- I'm a sole believer in price action, you will see me incorporating price action theory into my analysis.
2) Simplicity is key - I love to keep my charts neat and tidy! The more indicators you have on your chart, the more complicated your chart is. Thus, affecting your bias of that market. Let me introduce you...
EURJPY battling to break the 127% extension. looking for trendline break to open up a potential retracement to 118.50. Will drop down to 60 min chart to look for short opportunities if we see a trendline break.
NZDCAD is trapped in 100 pip range 1.88 - 1.89 above inner trendline . A break bellow 0.87500 would lead to bullish bat completion, break of 1.89300 would lead above 0.90
Nasdaq has not reached the harmonic target for short, the bearish shark, so be careful with any shorts. It might not complete and follow DowJones and SPX. However I believe the shorts are safe once it breaks 4400, til than patience.
