EURNZD 15M Accumulation and Distribution Schematics on the lower timeframe, utilising the price movements from the 15m timeframe into a Daily Order Block.
GBPAUD H1 - SHORT Potential BUY opportunity if prices comes back to test the support area, potentially making a temporary buy-side move. Since prices tapped onto the HTF or major resistance area, we are expecting a sell-side move, liquidating the orders lying beneath the swing lows, trendline and equal lows created. We'll be monitoring closely.
NZDUSD H1 - SHORT Prices got rejected from a higher timeframe structure, breaking out of the ascending trendline showing signs of reversal. With sell-side momentum, we are able to look for a pullback onto an unrefined zone @0.71800 resistance area. With that, we will place a SELL LIMIT ORDER @0.71800
GBPAUD H4 Prices looking towards a buy-side move, potentially testing previous resistance area @1.80500. Countertrend traders can look for a SELL entry if the opportunity arises, making sure that there is an AC/D around the area of interest before taking the trade with take profit area @1.79400 support area, before looking to take a LONG position for a...
A trade that we took last week, bringing it over to this week. The setup occurred when prices found support at a previous Order Block, making a Bullish Impulse, breaking out of previous structure, therefore, creating a higher swing high. With a higher swing high formation, we are anticipating a higher swing low for a trend continuation move... towards where?...
BTCUSD H4 - LONG Bullish Bat formation with D completion at a crucial support area. We'll be looking for price action patterns when testing our zone for a confirmation before taking an entry.
USDJPY H4 - LONG We are expecting another test into the zone, potentially creating a lower low before a bullish impulse, breaking out of structure, creating a higher high. With that, we anticipate the higher low formation with price action patterns before taking a LONG position towards the next resistance area.
EURGBP H1 - LONG Prices made a bullish impulse move @0.86500 area, breaking a neckline resistance and now, looking for a deep pullback onto our support structure before considering a LONG position towards the daily resistance zone @0.87600 Potentially catching a 100 pip move from here, we will be looking for buying opportunities.
EURUSD H4 - SHORT Prices shows bearish sentiment at our key resistance area. We are looking for a break down off the immediate support and a pullback for a potential SELL opportunity towards 1.18100 support zone. A trading opportunity for next week and stay tuned to our Weekly Market Analysis this week for more trading setups!
AUDCHF H4 Look for a retest onto previous resistance area for a SHORT opportunity towards 0.70300 support area, and find ways to LONG this towards 0.72200. Great opportunities on both sides and we'll see which position pends out.
USDCAD H1 - LONG Strong push phase at a support area @1.25100, breaking previous highs, creating new highs and potentially higher lows. We'll be waiting for pullbacks onto 2 key structures before taking a LONG position towards previous high, or potentially higher.
In this example, we can see that this is a typical trend continuation move. 1. Bullish impulse leg, followed by a "Consolidation before breakout". 2. For those who trade with SMC = Smart Money Concept, you will identify the breakout zone as an ORDER BLOCK . 3. Prices made a Swing High, followed by a "FALLING WEDGE" pattern, forming liquidity beneath the minor...
BTCUSD DAILY - LONG Bitcoin traders can look to BUY the dips.
USDJPY H1 - LONG Potential trade next week, waiting for prices to give a test onto previous structure, for a potential impulse move towards the upside, breaking immediate structures, creating higher highs before a pullback entry.
Making use of wyckoff distribution, we are looking towards a retest onto previous order block after making a structure high, grabbing the liquidity from previous structures, with depletion of bearish momentum moving into our entry zone. With this, we are waiting for a strong breakout.
EURNZD H1 - LONG Prices found support @1.67400 area, made a double bottom and now broke a neckline resistance, turned support. With a new structure breakout, creating a higher high, we are looking for the lower low formation, potentially at 1.67900 or 1.67600. Look for BUYING opportunities at these key levels for an upside move towards previous structure.
GBPAUD H1 - LONG Prices made a strong push phase, started from 1.8000 support area. Now, we have a pullback onto the same structure, looking for bullish sentiment at this area of support before taking a LONG position upon a pullback for better R/R.
Prices found support at previous structure, creating order blocks along the way, making higher swing highs and higher swing lows. No doubt, current momentum seems to be bearish, with the recent candle closing but we will be diving into the entire move starting from the first swing point.