Get started

Orderblock

USDCAD.... BULLISH TRADE IDEA... 20RR TRADE OPPORTUNITYHello Traders, USDCAD has been bullish overtime and one thing you will notice is that the market had cleared the daily equal highs (daily timeframe) which led to the recent bearish leg. Price has approached a very sensitive area and I suspect that the early buyers will be taken out. Why do I think so? trendline liquidity has been formed and needs to be taken out for the strong bullish move to occur. I have marked the zone where I speculate this move will start from. Let me know in the comments what you think about this idea. Cheers Fam!
Long
by jabariofafrica
4
EURUSD... SHORT TRADE IDEA... 15RR OPPORTUNITYHello Traders, EURUSD has been bearish for sometime now and we have seen some retracement (profit taking). On my chart, you will see the trendline equal lows that was taken out before the bullish move and you will also notice the trendline equal highs that the market went to sweep. Now that the market has taken liquidity (trendline equal highs), we can expect price to continue bearish. I have marked the area in which I expect price to continue the bearish move from. Let me know what you think in the comments. Follow for more. Cheers.
Short
by jabariofafrica
USDCHF.... SHORT TRADE IDEA... 10RR POTENTIAL Hello Traders, Here is one for those in doubt for what pair to trade this week. USDCHF is at a solid supply in the monthly, weekly and also daily timeframe. If you look at the monthly, you will see strong rejection candles and the weekly will display more information on that. Though I speculate that the dollar will fall to a size amount this does not mean it will start a bearish trend, but a profit taking situation. If you change your chart to the daily timeframe, you will notice why I have strong feeling that the bearish leg (profit taking) will continue from here. History doesn't repeat itself but it does rhyme most times. Let me know what you think in the comment section. follow me for more trade ideas. Cheers.
Short
by jabariofafrica
$XMR - Short the week - It should bounce back around $105 *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.* As XMR just finished creating the Break of Structure on the low side and came up short of breaking the structure on the high side, it appears that this was just a runned attempt at a bearish order block to be rejected back down into the last 4 hour fair value gap area. I marked the weekly consequential encroachment (Half of the weekly FVG, $121-122) and entered short there....As it's rejected it starts to head toward the bottom of the 4 hour FVG which is also a confluence at the 79-80% which is where most rebounds happen. and that number is 104-105 as an opening. On this one I could go either way but the earlier I enterered the less of % wager I would press and low leverage. The later the stage it gets the later you enter the more you can wager and add leverage. And taking from the smart money playbook the earlier and sharper the price rises during the week , the more it will fall as the week goes on. Low possibly being on Friday or Saturday, looking for it to get around 105 by then. If you watch the analysis week by week, It's an obvious pattern. WEEK 1: WEEK 2: WEEK 3: Current Week: Good luck and happy trading.
Short
by BodiesXWix
2
[EURGBP] Mid-term trading strategies#Forex #EURGBP #Daily #Midterm - Here’s EURGBP 1D chart. A lot of FX pairs have shown some high difficulty with frequent moves that are quite unpredictable. - As can be observed from the chart, there are a lot of noises, stop huntings, bull/bear traps, whipsaws, and long candle tails. - Consequently, such strategies with wider risk/reward ranges on higher timeframes are necessary in this type of market. - EURGBP showed a bear trap after breaking bottom of the green channel, re-entering into the channel again. - At the same time, it broke the black channel above and is currently testing resistance of the blue trendline and thus I will be bullish for a while right after it successfully breaks the blue trendline. - The resistances I am considering are 0.885~0.888 and 0.900~0.903 and trading setups can be designed as shown in the chart. - In shorter term, I am considering 0.848~0.851 significantly as a short-term bottom which is bottom of the green channel. If this area fails supporting, I would be bearish for a while. - A decent area to enter long is around the retest area of the black channel currently located at 0.836~0.839 and such trading setups can be implemented.
by Tommy_Trader