Currently monitoring its bearish trend and identifying additional potential zones for shorting opportunities.
Following the previous analysis, we want to utilize BTC, which appears to be bearish. This setup confirms the previous one sent on BTC before entry, we wait for liquidity to form below our entry for added confluences
Sell Bias Explanation Risky Entry Zone: Observation: Price entered the "RISKY ENTRY" zone. Explanation: This area indicates a potential entry point for short trades. Traders should be cautious and ensure they have confirmation before entering, as it is labeled "risky." Resistance Zone: Observation: The chart highlights a "RESISTANCE ZONE." ...
Analyzing the SPX500 chart reveals several key patterns and indicators critical for forex trading 1. Support and Resistance Levels: Resistance Zone: The blue-shaded area around the 6,071 level is a significant resistance zone where the price has struggled to break through. Support Level: The horizontal blue line at approximately 5,840 (labeled "SMS") represents...
Market Context: Current Trend: The market appears to be in a bullish phase. Counter-Idea: Following a tap on the Fair Value Gap (FVG) formed on July 18th, a potential shift toward a bearish trend exists. Setup Breakdown: SSR Flip Area: A multi-tested SSR flip zone has been identified around 1.12032, having been tested three times. This indicates a...
First and foremost, it is essential to maintain an open mind, which entails considering multiple perspectives on the matter at hand. Now a breakdown on ETH It is important to highlight that the highest volume profile is situated between 1,610 and 1,620. Additionally, there is a significant level identified at 1,616, which may also act as an inducement for...
trend continuation from previous analysis lq taken bos confirmed inducement spotted
Market Context: Current Trend: The overall market trend is bullish. Focus: This analysis focuses on a counter-trend setup. Setup Breakdown: Support Area: A multi-tested support level has been identified around 2,526.8. This level has been tested four times, indicating potential selling opportunities for the upcoming week. The...
The current market structure indicates a bullish trend in anticipation of the London session. The price is currently within the discount zone but approaching a resistance zone. Considering this, we will initiate a buy position and monitor the market's reaction accordingly.
GBPJPY has exhibited a bullish trend over an extended period, with a discernible shift in direction noted in the 4-hour time frame. Consequently, we anticipate a bearish correction, potentially targeting the elimination of 2-hour liquidity. This presents a prospective trading opportunity. It is crucial to note that trading involves inherent risks; therefore,...
A confirmed market structural shift to the upside suggests potential buying opportunities. Additionally, the formation of multiple buy-on-stop orders and an inducement signals further potential for buying. It is important to exercise caution and adhere to risk management practices when considering these opportunities.
A potential selling opportunity is emerging on GBPJPY. Following the completion of liquidity raids and a touch of the daily resistance, the price has breached a 4-hour low (BOS). It is anticipated that the price will retrace and initiate a sell-off from the 1-hour supply area.
corrective move to downside is complete now we target areas of liquidity
The current outlook for BTC suggests a presence of liquidity in the market. The price is anticipated to initially eliminate early sellers and buyers by trending upwards. This upward movement is expected to compel early sellers to break even or exit the market, following which a subsequent decline will eliminate early buyers. The market may then enter a phase of...
possible sell after 1hr OB mitigation currently watching to see how price reacts to the 1hr OB
we might see some bearish movement to that hourly OB @1.07730 confirmations are key so wait for confirmations on your end and target the equal lows at 1.07965.
The higher timeframe analysis indicates a bullish trend in the currency pair. In order to sustain the bullishness, it is imperative that the price mitigates the two-hour order block and continues to move in a bullish direction. This is crucial to maintaining the momentum of the pair and ensuring a favorable outcome for investors.
We anticipate a bullish continuation from this pair. With this in mind, we have identified an area of liquidity that is expected to be breached, leading to a reduction in the two-hour order block.