XAUUSD dropped 550 pips from our point of interest for the shortBeautiful short trade on XAUUSD! Before chart on my profile
Btmm
EurAud Third PushWe can see EA has had two pushes with return to accumulation. Last week we a stop hunt out of the accumulation that formed a big multisession "M". We now see a second stop hunt form another M on the lower time frame moves. We should see another push down to the Green take profit zone this week with a W and buys coming Q1 of next year!
GbpUsd Long Term bullish moveGbpUsd has completed the push down after an extended stop hunt for to start the week which has also set up our beginning of week false move on Monday. We should see another decent push into the buy zone I am looking for to continue back up to this weeks high and possibly further going into next week. i do expected a very bullish start to 2021 for GbpUsd since we've spent most of last year in an accumulation zone prepping for a big move.
EURUSD (weekly) : At the point of potential inflectionEURUSD is hitting some weekly order blocks and is at a potential inflection point. It could go higher searching for liquidity, or could turn down from here.
Interesting point to note, US Dollar / DXY is also at an important (& opposite) inflection point. So is GBPUSD.
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GBPUSD (W) is approaching some very potent bearish orderblocksGBPUSD is nearing some very potent bearish order blocks on the weekly chart, which can cause price to bounce back (at least temporarily).
Also, the price delivery while going up is very clean and has no apparent open bullish order block. So if it falls, there's nothing to support it.
Also, DXY and EURUSD are at their support & resistance (respectively). So this all seems in sync.
Please keep in mind, these are weekly zones - not to be used directly for trading. Instead, use them to keep a watch on price on your smaller timeframes.
Expected direction : Up (till it reaches bearish order blocks) and then Down
GbpUsd end of week pullbackWe see GU has completed three level three day cycle now we should see a multi session M form for a good sell to end the week. Look for the M to form near the extended stop (red) box.
DXY (Dollar Index) Some areas of potential reactionHere are some areas on DXY / Dollar Index / DX1! which are potential areas that could trigger a reaction.
Remember, don't trade these zones by themselves - but use a lower timeframe, like Daily or 4H to find the trading opportunities.
These zones on the weekly chart are a reference to what are some primed areas based on the history played out!
Quick GBPUSD MoveQuick move I'll be looking at tonight on GU. I am not completely against seeing it form a W and push up from this point but I do see us staying in the larger range and pushing down to the bottom of the range.
USDCAD (4H) : Trapped shorts behind a liquidity run!There's a liquidity buildup happening behind recent lows on 4H on USDCAD.
Right behind the liquidity is an area where a bunch of shorts are trapped.
This zone could be a great place to take a long position.
USDCHF (4H) : Trapped longsLongs are trapped, will result in a short trade when they exit.
Remember : risk management is the key!
DXY (Dollar Index) Long term movement prediction for 2021DXY / DX1! / FX:USDOLLAR / Dollar Index is searching for liquidity, bouncing up and down in the process.
This is my long term prediction on how it could move - given no major economic shifts.
Option 1
DXY breaks below the Q1 2018 lows, collects liquidity
It then runs up to fill in the fair value gap from Q3 2020
It then falls down and get rejected from Q3 2014 lows as those trapped shorts exit - creating a rally
It then falls down again below Q3 2014 lows to collect liquidity
Heads back up again in search of liquidity
Option 2
DXY creates a short term low just before Q1 2018 liquidity run, so that it can trap even more traders
It then runs up to fill in the fair value gap from Q3 2020
It then falls down, collects the liquidity below Q1 2018 lows
Get rejected from Q3 2014 lows as those trapped shorts exit - creating a rally
It then falls down again below Q3 2014 lows to collect liquidity
Heads back up again in search of liquidity
ZB1! / TLT : US Treasury Bond Futures : HTF Bias (Option 2)US Treasury Bonds (ZB1! or TLT) are nearing some very sensitive + bullish zones on the weekly chart.
Here's another way this can play out in next few weeks!
Alternative way this could play out :
ZB1! / TLT : US Treasury Bond Futures : HTF Bias (Option 1)US Treasury Bonds (ZB1! or TLT) are nearing some very sensitive + bullish zones on the weekly chart.
Here's one way this can play out in next few weeks!
My trading strategies : Trade against the trapped trader!STRAT 11 : Basic premise
As price continues in a trend, more and more traders keep piling into the same direction, hoping that the trend will continue and they will make money. However, at some point, the trend sharply reverses, breaking the market structure in opposite direction and trapping a whole bunch of retail traders in the direction of trend which just got reversed.
We create a zone which identifies these trapped traders and then patiently wait for them to exit, and trade with limit orders in the direction of their exit.
You can add additional confirmation signals from DXY's directions for the instruments which are highly correlated to DXY (EURUSD, USDCHF, etc)
DXY (US Dollar) : Trapped tradersDXY (US Dollar) is trapping traders on both sides of the price : giving us both long and short trades when these traders exit.
Hoping for a Short trade first, then a long trade!
XRP/USDT preparing the bottom ready for reversal to ATHXRP/USDT consolidating and price action preparing for a level 3 (low) move before the reversal upwards to the ATH .
On this daily chart , we can see the high at level 3, the first consolidation at level 1 and second (small) consolidation at level 2... Current price action is at level 3 where the following is observed
Using the 1Hourly chart, we can see:
https:// www . tradingview . com/x/CDNEpp5M/
1/ a Double Bottom formed at the 48 cents region, which suggests a high probability move with smart money and institutional move to RUN the LONG stops and Activate SHORT positions.
2/ there is a likely move low to the 50 to 46 cent region, with a significantly large wick (especially on the Futures markets) which will most likely present itself, in order to fill the Liquidity Void
3/ the liquidity void is between 33 cents to 40 cents, we can expect one of the following to occur in this region
- a wick may touch the top of the liquidity void at approx 0.4015 cents
- a wick may fill 1/4 of the liquidity void at approx 0.3800 cents
- a wick may fill 1/2 of the liquidity void at approx 0.36722 cents
- a wick may fill 3/4 of the liquidity void at approx 0.35088 cents
- a wick may completely fill the liquidity void with a low of approx 0.33130 cents
- a rogue wick which may fill 2x liquidity voids down to 0.30660 cents
In my opinion, the most likely target which the wick will drop to would be where there is an orderblock on the weekly at around 0.3600 region. Thus a half fill on the liquiditiy void.
After the above occurs, I'm expecting a significantly strong reversal UPWARDS to go for the next ATH at aprox $3.80 within this next pump upwards.
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This chart is my own opinion, no financial advice given, none suggested, trade at your own risk.
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GBPUSD (4H) : Trapped sellersThe recent gap up in GBPUSD left a bunch of sellers trapped below the monthly lows.
When price comes back to them, they would love an exit - giving us a long entry!
Also : DXY seems to be moving lower, thereby confirming the up direction in GBPUSD.
EUR/USDSell structure spotted on M15, H1, H4. Sellers targets the 61.8% rally of the M15 sell impulse
Gold H4 Long IdeaHere are some reasons as to why Im taking a long position
- Trendline support (fakeout as indicated)
- Inverse H/S pattern
Ill update this analysis as we go along =)
DXY (Dollar Index) Monthly analysis : Market Structure Dec 2020DXY (Dollar index) is now forming trapped trader zones on Monthly and weekly timeframes on both sides of the price. This means we could see a range developing for next few weeks/months.
GC1! (GOLD / XAUUSD) : Traders trapped on a daily chart?Who's bullish on Gold / GC1! / XAUUSD ?
I've highlighted zones in green which represent a high probability of trapped traders. These are daily zones - so would need further drilling to create trade zones.
If price will bounce, there's a high likelihood of it bouncing from these zones!
