BlackDiamondFX

BlackDiamondFX

Here I am looking at a possible distribution schematic on the weekly timeframe of AUDJPY. Right now it is about 150 pips away from the zone that is around 100 pips wide. Once price reaches the zone, I will look for a smaller schematic on the lower timeframe for my entry.

BlackDiamondFX

** BEFORE I BEGIN, ALLOW ME TO APOLOGIZE FOR ERASING MOST OF MY DRAWING. I know it would have been more beneficial to leave it but I'll leave it from here on. ** So for this one, I started on the monthly and worked my way down until I could find a nice entry point. On the monthly, I noticed structure and marked off the closest SD zones in relation to the current...

BlackDiamondFX

This is my AJ buy setup from a monthly demand zone. After the demand zone was created, liquidity was created just above it then price came back and tapped the zone. This looks to be a nice trade with a potentially huge target. My setup is 1:19 RR with a 341 pip target.

BlackDiamondFX

Here is my view of EURCAD for the upcoming week. I think that it will go up and fill the imbalance before coming down to take liquidity and fill another imbalance above the demand zone.

BlackDiamondFX

I can see UCAD going down a little bit to a 30 minute demand zone before heading up to fill an imbalance around the 1.382 area then potentially making a move down again.

BlackDiamondFX

Here on AUDUSD we have a potential CHoCH. I say potential because if the high gets violated, we can expect price to continue moving upward. If price respects the 4 hr supply that I refined down to 15 min, I think that it will go down and take out liquidity then continue down to the 4 hr imbalance fill. After that, I think that price will reverse and continue up...

BlackDiamondFX

This is a pretty long term trade idea on the daily chart but I'm thinking that BTCUSD will pullback to around 17500 after creating equal highs (liquidity), then make its move up to around the 30k mark.

BlackDiamondFX

Here is my GBPUSD sell idea. It seems as though some liquidity has been taken out before price came down and created more liquidity. I think that it will comeback up, take out the new liquidity pocket, and mitigate the imbalance before heading back down.

BlackDiamondFX

Here I am looking at a possible EURAUD sell from the supply zone. Although it looks like consolidation on the higher timeframe, I think we may be able to get a good sell opportunity especially with the zone sitting right above liquidity.

BlackDiamondFX

Here is my NZDJPY setup. Currently waiting for price to retest back to supply to determine whether or not I will take the trade.

BlackDiamondFX

Here is my GBPUSD buy idea. With the constant weakening of the USD, I'm looking for the xxxUSD pairs to continue rising in the long term.

BlackDiamondFX

Here are my thoughts on an AUDUSD sell trade idea. As we can see, market structure is headed down and price is in expansion from the consolidation. I think that it will take out the liquidity and hit supply sometimes around New York session that continue down with higher timeframe structure. If you are familiar with the price cycle, the zone gave us consolidation...

BlackDiamondFX

I'm looking at EURUSD setting up for a pretty nice sell opportunity from the supply zone on the 4 hr chart. It has been following the price cycle pretty well and it looks like it will continue with the retracement back to supply. Once it gets there, I'll drop down to the lower timeframes for an entry.

BlackDiamondFX

Here are my thoughts on AUDJPY coming down from the supply zone. We can see on the 4 hr that market structure is coming down and it went into accumulation and created liquidity. I also saw the liquidity was taken above the accumulation/consolidation and tapped into the 4 hr zone. From there I dropped to the 15 minute zone and saw that once price tapped into the...

BlackDiamondFX

Here is my view on EURAUD. We have topside and bottomside liquidity with a nice supply zone sitting above the topside. The demand zone created the break of structure and the consolidation that created the top and bottom side liquidity. It seems as though price will take out the topside then head down to demand before continuing upward with market structure.

BlackDiamondFX

Here we can see topside and trendline liquidity being created on EG. I'm looking at that topside being taken out before price continues its way down.

BlackDiamondFX

Looking at GU, I'm thinking a nice sell opportunity on the horizon. The supply zone formed inefficiency, broke structure, and created liquidity just below the supply zone. These 3 confluences allow me to have a lot of confidence in a sell from supply.

BlackDiamondFX

I'm looking at a little bull run to around the 23,100 mark on bitcoin from the daily demand zone.