Choch
Some BOS and ChOCH In this chart we can see some pattern that fits to this strategy.
We saw a lot of liquidity in the path few months.
And sometimes the market can give u some bouncy bull trend for a couple of days or even week or two.
In this chart , u can see some pattern that give us some indication that may be some poll up , and then it going down to check the LL prices
And after that we can hope.
AUDJPY Sell IdeaHere 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 4 hr zone, it created inefficiency, took out liquidity, and had a change of character. Right now, on the retracement, it is creating liquidity and I'm thinking that it will take out the liquidity on its way back up to fill the ineffi,ciency then continue with the downward market structure.
Do or die for long term Bitcoin bulls?As we can see on HTF $BTC charts, price has been moving in an upwards channel creating higher highs and higher lows ( breaks of structure confirming the continuation of the uptrend), but we have sinked into a lower low which would definitely count as a change of character of the market reversing the trend downwards. Do or die scenario is basically bouncing up from the demand point and forming a higher low constituting another change in the market's character to resume uptrend.
From another bearish Point of view, we could also see a massive bearish flag forming on HTF charts as well targeting the same areas we would be targeting with supply vs. demand analysis.
Please check linked idea to see how I expect the movement to be inside the bearish channel / flag before breaking out to the downside.
EURUSD A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 1.03000 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: EURUSD Waiting for the Range Bound and the beginning of the Ascension Trend.
Topglove. Where is its orderblock & CHoCH lvl? 9/Sept/22Topglove “Conservative” traders may wait price to break RM1.140 which is CHoCH level ( subwave wave B (yellow) of last impulsive wave 5 ( Cyan Circled) to “ confirm the “long term” downtrend is “game over “ and waiting to buy at “pullback “ after the “ break out.”
Gold. Its OB, And more importantly where its CHoCH? 9/Sept/22Gold. As a “contribution” to tradingview ( many thanks to tradingview for providing such a good free charting platform) community ( Today I’m going to share my own interpretation of OB ( order blocks), and most importantly where is the “exact “ location/pivot/level of CHoCH ( change of character)?. A concept with BOS ( break of structure) which has been used by advanced naked/ Price action trading traders without any indicators. . It will cut “novice traders” learning curve from 3-5 years even 10 years where they are searching for “holy grail “ trading system/indicators..The biggest question for this concept of trading will be “where” is the exact location of CHoCH? ( change of character = change of “previous underlying trend” )..The “ANSWER” is! = at subwave b of any last leg of impulsive wave which is wave 5. < p/s unlike conventional Elliottwave rule there is ONLY abc subwaves “inside” any impulsive wave..> Last but least many thanks to @makuchaku and @Efe for coding the such a great “super OrderBlock..” script/ indicator which help us/traders to “visualize “ where is OB, FVG Although we still need to find where is “CHoCH” “manually”..
AUDCAD 2H PROJECTIONAUDCAD Firstly Make A False Move And Grab Equal Low Liquidity Then Make ChOch , But Don't Mitigated The ORDER BLOCK . Also There is Now Equal Low Liquidity Above The ORDER BLOCK. So That's Why we Have A lot of Chance That The Market will Reverse From the ORDER BLOCK ZONE to the Upside.
NZD/CAD: Bullish Reversal runningNZD/CAD: Bullish Reversal running
> breakout of bearish trendchannel
> Higher-high-higher-low sequence established
> weekly high broken to the upside
> 200er MA in H4 protecting downside
> next downward trendline fard away
> POC volume below current levels
The setup can potentially pull back a little before advancing. As we are Wall Street Swing Traders, our Stop Losses are far (see SL zone) to give our trades room to breath.
This way, we are achieving an unusually high success rate. I have included the past entries with the WSI H/L Wall Street system in the chart, as usual.
Feel free to reach out with any questions or comments.
Meikel & Your Team WSI
PS :
Join our stream tomorrow! The link will follow shortly in the comments.... See you there!
CHOCH vs BOS ‼️WHAT IS BOS ?
BOS - break of strucuture. I will use market structure bullish or bearish to understand if the institutions are buying or selling a financial asset.
To spot a bullish / bearish market structure we should see a higher highs and higher lows and viceversa, to spot the continuation of the bullish market structure we should see bullish price action above the last old high in the structure this is the BOS.
BOS for me is a confirmation that price will go higher after the retracement and we are still in a bullish move
WHAT IS CHOCH?
CHOCH - change of character. Also known as reversal, when the price fails to make a new higher high or lower low, then the price broke the structure and continue in other direction.