Snick3rSD

Snick3rSD

‼️ I expect here the price to go down as we are in the OB (order block) H4 and the liquidity from the PDH (previous daily high) was taken. The price has to close the imbalance H4.

Snick3rSD

✅ Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Usually these are technical indicators, though sometimes they may be price patterns. It all depends on what you use to plan your trades. A lot of traders fill their charts with dozens of indicators for this reason. They want to...

Snick3rSD

‼️ Here we have a good opportunity to open a long position as price rejected from the OB (order block) H1, took the liquidity from PDL (previous daily low) and closed the imbalances.

Snick3rSD

➡️ Not every OB qualifies to be tradable. Therefore, we want to consider some aspects regarding our Entry Types before engaging the market. ➡️ Tradable OBs, generally, have higher probability where we expect price to respect the block, in case they come back. ➡️ It’s essential to understand that an OB at any given timeframe is only tradable if it complies with...

Snick3rSD

‼️ Great opportunity here, as price rejected from the OB (order block) H4, also the price took liquidity from the PWL (previous weekly low) and PDH (previous daily low). First target is imbalance at 152.500 and next target is imbalance at 153.500. What do you think?

Snick3rSD

‼️ Here we have an example of the SH+BMS+RTO strategy, also the price took the liquidity from the PWL (previous weekly low) and PDL (previous daily low). If you do not know how does the SH+BMS+RTO strategy work, check my previous posts.

Snick3rSD

‼️ The price closed the gap that was formed when the market opened, now I expect the price to go up at 135.000 level.

Snick3rSD

‼️ As I expected, the price took out the liquidity above PWH (previous weekly high) and PDH (previous daily high), rejected from OB (order block) D1 and important level of 0.74000.

Snick3rSD

When the price fails to break a top or bottom, it shows that the trend is ending and a reversal may occur. 1. First, the price fails to break a top or bottom. 2. Second, there's a Break In Market Structure (BMS), Confirming the SMS. 3. Third, the price Return To Order Block (RTO). What do you think about this strategy?

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‼️ The Daily Range is defined by 3 important sessions, which are: 1. Asian Session 2. London Session 3. New York Session ‼️ The Asian session is characterized by being a consolidation (of 20 - 40 pips), due to the lack of liquidity in the market. Delimitation: The session starts from 02:00 until 08:00 (UTC+2). ‼️ The London Session is characterized by...

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✔️ The FOREX market is a zero sum game, which means that for a trader/institution to buy/sell 1 currency pair it's necessary that there is another trader/institution with an opposite position. If Smart Money (Banks) want to buy a currency pair they will need sellers in the market, the existing facility to place these positions In the market is called...

Snick3rSD

As GBPUSD, I expect here also a retracement at least to close imbalances, the price rejected from a OB (order block) H4 and important price level of 151.500.

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I think this is an aggressive long position on the retracement of GBPUSD because is against the trend, but we can have as confirmations the rejection from OB (order block) D1 and important price level of 1.32000. As well we can correlate with the retracement of the DXY (Dollar Currency Index).

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AUDUSD on the HFT (higher timeframe) is in the bearish market structure, now the price is near the OB (order block) D1, so I expect here the price to take out the PWH (Previous weekly high) and PDH (Previous daily high), also to reject from that OB and important level of 0.74000. As well we can take into consideration the correlation with DXY (Dollar Currency...

Snick3rSD

Here I expect the price to go down first of all to close the imbalance H4, secondly to take the SSL (sell stops liquidity) as we are in a bearish market structure. I will look for a short position if the price will mitigate the OB (order block) H4. What do you think?

Snick3rSD

‼️ Here is the example of the SH+BMS+RTO strategy in an Uptrend at the request of a follower. 1. First, occurs the SH, that movement is used by Market Makers to neutralize Liquidity. 2. Second, there's a Break In Market Structure (BMS), Confirming the SH. 3. Third, the price Return To Order Block (RTO).

Snick3rSD

From the little experience I have in trading I have identified 3 pillars on which my success is based. I can't say that one is less important than another, so I try to combine all of them: 1) Psychology - is one of the most difficult aspects to master, which requires a lot of theoretical and practical knowledge, so I recommend first of all to study yourself,...

Snick3rSD

‼️ In the most cases where Market Makers (Banks) have taken liquidity (SH), they have placed positions in these areas and generally the price must not exceed these levels. We can use this reason to place a trade. 1. First, occurs the SH, that movement is used by Market Makers to neutralize Liquidity. 2. Second, there's a Break In Market Structure (BMS),...