A sell idea according to smart money concepts. IG @SniperShaq
Let’s now look at the weekly when referring to our previous post on US30. (SEE LINKS below in order to go over previous analyses on US30) Our next 🎯 is at 24822 the WAP
Smart Money is soaking up liquidity This whole zone including the possible h&s patterns completion is within a zone a range of consolidation on higher timeframe thus you can view it as a market top and potential trap zone. The USD still has room to breathe and reach within the zone of 100.60-105.60 before it tops and consolidates on higher timeframe
Commercials Net Positions 1/27: Buys 212k Sells 564k Commercials Net Positions 2/3: Buys 192 Sells 553. 🤔Thus telling us they have decreased long positions and decreased short positions Institutional Net Positions 1/27: Buys 374k Sells 57k Institutional Net Positions 2/3: Buys 376k Sells 46k. 🤔Thus telling us they have increased their long positions and...
FX:EURUSD Missed the 4 hr outcome candle (lowest blue line), now looking to catch the "Test" or mitigation play based off Wyckoff accumulation schematic #2
FOREXCOM:GBPNOK I will continue to post thought -out analysis. 1) The outcome candle (purple candle) liquidity grab on a retail pattern printed by smart money. 2)Outcome candle falls between the green zone (.786 - .886 Fib levels from the weekly bearish candle) 3)Take profits below a retail support level 4) 8:1 ratio trade
Entry on the order block after a brake of a bullish structure. We've had our sponsor picking all the liquidity above and had started a mark down. We're looking for sell's now.
It's not my thing analise at 1h timeframe but I'm doing some backtesting. Let's see what market will gave us, have already made a new LL i in a 4h timeframe, I'm confident in this setup, but as I said I'm just doing some backtesting.
We've hitted the SL last entry because the price have clean an that big picture liquidity we have, now I'll look for a re-entry in this area.
We've had a capture of liquidity bellow Equal Lows and the price have did a new HH, in spite of everything that was happening in USA with Iran I'll keep looking for a buy on EURUSD, that it our picture in higger timeframes. Ill be looking for my entry on that order block cause bellow we have already the market balenced.
We've had a capture of liquidity on Equal Lows, have done a new point of structure, an HH, and the price have already done now new Equal Lows, so,it have'nt yet hitted our sponsor, so I'll wait this week the price pick the liquidity bellow that Equal Lows and do a new sponsor candle and a new HH.
Re-entry on last LH area before the break of the structure.