Orderblocks
EURAUD: When China's news make Aussie and other Asians strong! My dear friends,
Thursday, 14 September, 2023 and ECB interest rate decision is on the way. We'll wait for confirmations.
But before ECB meeting, series of several bad economical news over China's financial stability were published. Market reacted to them rationally. Suddenly the red dragon start to regain it's reputation. Good news for China means stronger Aussie, Kiwi and Yen!
A personal belief: Markets are not optimist to China's long-term relations with the free world and it makes them avoid longer term investing on Asian currencies. We could expect a more bearish weeks for them in next months, however, we don't hold that much so a mid-term bearish correction could be a opportunity for us!
Regarding the weekly chart, some more corrective weekly candles are expected.
snapshot
Considering the daily timeframe, market structure has changed so there could be a stop hunt around 1.68950
snapshot
The horizontal level could be a high probable and good R-to-R entry point.
Levels are based on: Order-blocks, Pivot Points, Support and resistance and Reversal points.
Weekly analyze for NQU2023Hello fellow trader.
in my analyze for this week 09/03/2023 i project a down close candle for NQU2023 if u open your weekly chart u will see the NQ reached an weekly Bearish OB and respected it, then if you move to the daily chart u will see a BISI/fvg bellow and a daily bullish OB i think the market will target that level for the upcoming days or weeks if we stay bellow the weekly Bearish OB ofc
Swing Trade on SPXNow that I have 2 funded accounts, going to use one for swing trades with around 1-2 lots just cause I'd like to have 1 funded account on a higher TF level. I find Swing Trading 1 account will let me keep my higher TF bias in check or analyzed consistently without choice, and so I am starting it off with this SPX trade.
We've had Equal Highs into a previous FVG around the 50% mark of said FVG. So I am placing a short here. Wicks show the damage done to that liquidity. I'm quite sure we are going to head downward on a daily level toward the next FVG. I have a bearish bias this week as long as we stay below the weekly open.
We are also sitting in Buyside Liquidity while we had pretty good displacement from the downtrend and this displacement has brought us to retest the break in market structure.
TP1 will be at 50% of the FVG, and TP2 will be at the fully closed FVG.
If that were to play out there are some Bullish Order Blocks formed below the FVG, and that would be where I can start to look for a long. Depends on what happens over the next few days.
Looking to stay in this trade to around Friday or Monday; Really depends on the price action. If the trade hits and we react strong off that FVG I will be looking for continuation trades to the bullish first Bullish OB.
My stop is set at the Equal Highs because if we return to those double Equal Highs there is a high probability we break above it a bit. So just trying to keep losses minimal with a bit of wiggle room to those highs. Let's see.
Gold has attracted buyers!So many long-trades has been opened by traders recently, however, still there slightly more buyers in the market.
If you have lost the long opportunity on August 22nd you've got the chance to enter around 1891.500 again. However, There is another chance around 1909.400.
We'll risk half of our normal risk
GBPUSD LONG FOLLOWED BY SHORTS *PREDICTION*As we can see on the charts the current trend is bullish - which in fact is the pullback in the higher TF (HIGHER TF - BEARISH).
We are about to enter a buy zone - only will be confirmed by the reaction off the OB, if we see a solid rejection (which will implicate the confirmation of buys) we shall follow it up to the next OB zone seen on the left hand side.
With this comes pullbacks as it reaches EQH (Equal Highs) - when an equal high occurs it will 9/10 follow with an pull back to an POI.
This will continue to the most probable OB at the top of the zone, it will most probably sweep the liquidity from the top zone also so beware of where you end up leaving your SL.
ENTRIES ONLY TO BE MADE ON LOWER TIME FRAME.
The following after the touch we will also wait again for confirmations of the short position. If achieved we will expect the lows liquidity to be swept, giving us a massive swing opportunity.
so what now ?this week's been a bearish week so far , BUT ;
we are still making HH & HL in HTF , and every break had the characteristics of a BOS .
second leg into an order-block means trend reversals to me and its not a professional idea its only based on my own experience .
not gonna lie ,i didn't see prices bellow 25K as a possibility .so im not perfect . (guess u already knew this 😂)
for me there is only two possible ways ; we either go for 42K liquidity , or come back for what was once a market bottom bellow 20K , which is BAD !!
me personally am now bullish , but with more protective stop considerations !
i presented my roadmap in the chart i uploaded , i will comment later ideas down here , so ... make ur own researches and please feel free to comment if u have any questions or ideas to help each other out ! 😉
a trader, Hamid
XAUUSD Weekly OverviewRegarding our observations, currently there are more buyers in the market
These are best levels regarding Support and resistance, Channels, Weekly pivots, Buyers and Sellers focus and order_block.
Both Long-term and Short-term Trends are bearish! There is not almost any reason that could change the short-term trend in near future.
We expect a bearish gold for this week!
1901 is the best place to strat putting sell orders in case breaking the bearish trend line.
We take the market under observation to find long opportunities. We do not suggesst any setup now!
AUDUSDRegarding our observations, currently there are significantly more buyers in the market.
Breaking RSI-based trend line after overbought and oversold levels worked well for this instrument recently.
We are in oversold again after a mighty break We might see some correction in Aussie move in this week or may be in next weeks.
You can both enter after breaking 0.6450 or wait for reaching to around 0.6375.
Next weeks we might join sellers again around the 0.6560!
Remember that Aussie down trend might be due to bad economical data release of China as the main importer of Australia and also China's ambitions regarding Taiwan may end up in an economic conflict between the free world and China.
GBPUSD Weekly overviewRegarding our observations, currently there are almost same number of buyers and sellers in the market
These are best levels regarding Support and resistance, Channels, Weekly pivots, Buyers and Sellers focus and order_block.
Regarding our timeframe, levels are so tight so just shorter term traders like intraday traders and scalpers could make profit on this market!
We will not enter medium risk and high risk trades between 1.2850 and 1.2550
EURUSD: Weekly overviewRegarding our observations, currently there are more buyers in the market
Long-term trend is bullish!
There is a bearish move that has started from JUL 18 inside the bullish channel so we could consider the mid-term trend as bearish.
There might be a short-term bullish move that we could make profit out of it.
1.0820 and the bottom of bullish channgel are proper prices to place long limit orders.
1.0950 and 1.1028 are best places to set short limit orders.
These are best levels regarding Support and resistance, Channels, Weekly pivots, Buyers and Sellers focus and order_block.