Get started

Orderblocks

GBPUSD forming a double top before the expected default of U.SHey everyone, Default on debt of the US concerns because we're amid political tensions in the congress and the maturity date is approaching. Recap : Democrats want to rise the debt ceiling VS Republicans want to lower the expenses. The failure to reach an agreement before maturity date may provocate a shock wave on the market. As we all know, the dollar tend to rise in value when in time of uncertainty. on a purely technical point of view, we can observe that the second peak of the doble top is formed. As the 1.24 level was strongly rejected again and price action analysis provide us the confirmation that trend is reversing : inside bar pattern breaking down. So the bulls may have lost power over the market from here, and we should see the bearish momentum increasing. This scenario is confirmed by the MACD indicator as well, which formed a bearish divergence. Hence a bearish scenario on GBPUSD is expected within the next days and an optimal entry point will be here. I expect the price to fall sharply to 1.18 level breaking the neckline and causing panic over the market which will trigger a massive bearish sentiment that will lead the price to reach the target of 1.11000 . Give a thumbs up if you agree ! Good luck ! have a nice week
Short
by Thomas_Zito
Smart Money Concepts Basic Entry - How To Smart Money ConceptsThis is a Smart Money Concepts Diagram With Basic Entry Examples Wait for a break of structure Price will likely return to a supply or demand zone Upon retracement follow the same model on a lower time frame OR place a pending order on the supply/demand zone for the entry. Set full or partial take profit at the next high/low These are the main smart money trade setups that you will find in your charts, this is how smart money (big banks, funds, composite man, etc.) manipulate markets to engineer liquidity. Smart money concepts like this are painfully simple and often offer a high risk to reward ration without complicated indicators or complex rules. I hope you find this to be a useful reference diagram for Smart Money trade setups 😁 You can use this as a printable PDF or save it for your digital notes If you have any questions please comment below and I can make updates to the F.A.Q.
U
by renegadeforex
6O+ pips so far but price hasn't even started to move yet.Last week Friday, i posted a signal on here and some traders here are still swimming in profits even though it isn't as expected yet but still, something is better than nothing. What i don't quite understand though is the fact that price is still consolidating, it hasn't broken out of the zone it has been in for close to 2 weeks now but we still will keep waiting, this sell will continue in no time because price needs to sell to our OB at that rectangle i marked out below then it's reaction to the OB will determine if we will close our positions or leave it to run right after the OB below gives us a breaker. If we are given the breaker, we should aim for 5OO - 6OO pips in total before the end of next week hopefully !.
Short
by LaBOSS_FX
EURUSD isn't turning yetAs most people are looking for eurusd to make a turn back down we keep seeing it rally up not knowing when it will stop but i have an idea of where and thats what i'm gonna share with you today, as you can see on the chart looking at it on the daily we have equal highs wich are attracting price to that supply zone, maybe once they are out we'll be able to start taking sells again, hopefully soon to continue with a bear year for eurusd, i might make another post on macroeconomy and fundamental analisis just to explain why eurusd will be going down this year.
Long
by marcegido03
NZDCHF H4 TF, Next trading opportunity.Hello Traders, today I'm looking at the NZDCHF trading pair for possible shorting opportunities and here's why : -We've seen the market react off a current supply zone and usually, for the demand and supply traders, a trading opportunity would have been right at that reaction/rejection. -Although we missed the first entry, we see that the market formed a double top at the supply zone and the possibility of a pullback to say 50% fib level exist. - If we get the pullback, then we would short to the next structure support level, keeping our RR at a minimum of 3. Stay Reactive nonetheless.
Short
by Tradeforpipsfx