EURCAD Moved to expected directionRegarding to my previous post
The pair moved to expected direction and you can re enter in area between 1.49899 and 1.49830 .
Liquidity
Buying opportunity 4H EURCADIn higher frame the pair is bullish .
Buy limit at price 1.49322 where the liquidity has been taken.
TP: 1.50543 where high liquidity.
SL: 1.49101 where previous low liquidity
Unlocking Profits: Utilizing Probabilities for CADJPY LongsThe Canadian Dollar to Japanese Yen (CADJPY) pair is showing promising bullish potential, supported by several key fundamental factors:
Global Economic Recovery: As the world continues to rebound from recent economic challenges, risk appetite is increasing. This trend typically favors the Canadian Dollar over the safe-haven Japanese Yen.
Commodity Prices: With Canada being a major exporter of commodities, the recent surge in oil prices is likely to bolster the Canadian economy and, by extension, its currency.
Bank of Canada's Stance: The Bank of Canada's relatively hawkish monetary policy compared to the Bank of Japan's ultra-loose policy is creating a favorable interest rate differential for the Canadian Dollar.
Utilizing Probabilities for Long Positions
In this trade idea, I'm employing a probabilistic approach to enter long positions on CADJPY. By combining fundamental analysis with a probabilistic approach to chart reading, I aim to capitalize on the potential upside in CADJPY while maintaining a disciplined and systematic trading strategy.
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CPI News Stop hunt?In this idea, we are considering a stop-hunt to the GETTEX:59K region due to the CPI data coming out differently than expected. At 14:30 CEST to 16:00 you can expect a lot of volatility during this time. Liquidation charts show a cluster of about $1.2b at around $58.7k.
eurusd high timeframe liquidation sweepI believe eurusd is bullish right now because it cleared the sellside liquidity with a wick and there is a 4h bearish fair value gap that has not been filled.
Riding the Bull: My Probability-Based Approach to Trading GER30The German DAX (GER30) is showing promising signs for potential upside movement, supported by several key fundamental factors:
1. European Central Bank's accommodative stance
2. Improving economic indicators in the Eurozone
3. Strong performance of German export-oriented companies
4. Increasing investor confidence in the European market recovery
To capitalize on this bullish outlook, I'm employing a probability-based approach to enter long positions on GER30.
Take a look at these analyses to see the details behind this trade idea.
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Unlocking Potential: 59.90% Probability for DOGEUSD ATH Bullish Fundamentals for Dogecoin
1. Increased mainstream adoption: More businesses and platforms are accepting Dogecoin as a form of payment, expanding its real-world use cases.
2. Growing community support: The Dogecoin community remains active and passionate, driving continued interest and development.
3. Potential technological improvements: Ongoing discussions about upgrades to Dogecoin's blockchain could enhance its functionality and appeal.
4. Positive market sentiment: As the broader crypto market shows signs of recovery, meme coins like Dogecoin often benefit from renewed investor interest.
Using Probabilities for Long Positions
I'm utilizing probabilities on my charts to get positioned into longs for DOGEUSD.
This strategy aligns well with my bullish bias on DOGEUSD, allowing me to capitalize on potential upward movements in a more calculated manner.
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You are a Fish - LaPlaces Demon Will Help You Escape BTC-WhalesHey Future Demons
Lets jump right into the TA.
1. We are in a huge liquidity zone (50k-65k), where the whales have been stop hunting retailers fish for many months.
2. For the above mentioned reason it is normally a good idea to stay out of the market. We don't want to gamble. It's all about money protection and the right mindset.
3. When that is said we are right now in an expanding descending wedge, which is a bullish pattern. I know it's not the perfect example according to classical charting, but since the market is heavily manipulated, it's still a bullish structure.
4. Also the last 24 hours we saw BTC increase with around 3 %, and The Global Market Cap a little bit less. We saw an increase in volume with around 34 %, which also is a bullish sign.
5. Most people are bearish at the moment, but I believe it's a good time to be a contrarian, and go Long. But be careful in this market. Its extremely hard atm.
Kind Regards
LaPlaces Demon
PS. Like and follow. Im here to help you from Wall Street, the Elite and big whales, who will try to outsmart you.
False move monday on BitcoinWe are currently sitting at the EMA50 on the 4hr timeframe. It looks like we are doint a mean reversion here again. The top was quick and formed a wick but I couldn't finde any vector candle that could be liquidity pools to recover. We also have a CME GAP at $54.2k which will be recovered soon in my opinion. We had the retest of the $58k level which was very important but I expected it to happen on wednesday. Lets observe price action but my observation leans towards shorting.
AUDJPY Short Setup: Leveraging Probabilities for Better TradesKey Fundamentals
China's Economic Slowdown: Australia relies heavily on trade with China. If China’s economy weakens, it can hurt Australia’s economy and the Australian Dollar.
Safe-Haven Demand: In uncertain times, investors often turn to safe-haven currencies like the Japanese Yen, which could lead to a drop in AUD/JPY.
Different Central Bank Policies: The Bank of Japan is keeping interest rates low, while the Reserve Bank of Australia may consider rate hikes. This difference can strengthen the Yen against the Australian Dollar.
Using Probabilities for Short Trades
By combining these fundamentals with a probability-based strategy, I aim to effectively trade AUD/JPY.
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On this timeframe I can get positioned into shorts based on probabilities.
Quick pump on monday? BITCOINWe could see a rapid rally on Monday that will last until Wednesday when the CPI data is released. We are currently in a mean reversion as show with the arrow. We broke through the ema50 and are retesting it right now. The order books are also pointing to $56k as there is a lot of liquidity in the form of orders looking to be filled.
JP225USD: Using Probabilities to Position for a Bearish TrendThe current global economic landscape presents several factors that align with a bearish bias for the Japanese stock market, particularly the Nikkei 225 index (JP225USD):
Global Economic Slowdown: Concerns about a potential recession in major economies are weighing on investor sentiment.
Bank of Japan Policy Shift: The recent rate hike by the Bank of Japan may impact the stock market as it moves away from ultra-loose monetary policy.
Yen Strength: A stronger yen could potentially hurt Japanese exporters, affecting their profitability and stock prices.
Utilizing Probabilities for Short Positioning
I'm employing probability-based analysis on my charts to identify optimal entry points for short positions.
By combining fundamental bearish factors with probability-based technical analysis, I aim to create a robust trading strategy for shorting JP225USD.
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Liquidity drives the bear marketI'm expecting BTC to dip down into the long liquidity zone between 32-48K. Hopefully we will see a change in trend around 40-44K.
For more detailed figures on BTC-liquidity google: "BTCUSD liquidity map"
or check DecenTrader website.
Learn 7 Types of Liquidity Zones in Trading
In the today's article, we will discuss 7 main types of liquidity zones every trader must know.
Just a quick reminder that a liquidity zone is a specific area on a price chart where a huge amount of trading orders concentrate.
Read carefully, because your ability to recognize and distinguish them is essential for profitable trading.
1. Fibonacci Zones
The zones based on Fibonacci levels can concentrate the market liquidity.
Classic Fibonacci retracement levels: 0,382; 0,5; 0,618; 0.786
and Fibonacci Extension levels: 1,272; 1,414; 1,618 attract market participants and the liquidity.
Above, you can see an example of a liquidity zone based on 0,618 retracement level.
The reaction of the price to that Fib.level clearly indicate the concentration of liquidity around that.
Also, there are specific areas on a price chart where Fibonacci levels of different impulse legs will match.
Such zones will be called Fibonacci confluence zones.
Fibonacci confluence zones will be more significant Fibonacci based liquidity zones.
Above, is the example of a confluence zone that is based on 0,618 and 0,5 retracement levels of 2 impulses.
The underlined area is a perfect example of a significant liquidity zone that serves as the magnet for the price.
2. Psychological Zones
Psychological zones, based on psychological price levels and round numbers , quite often concentrate the market liquidity.
Look at a psychological level on WTI Crude Oil. 80.0 level composes a significant liquidity zones that proved its significance by multiple tests and strong bullish and bearish reactions to that.
3. Volume Based Zones
The analysis of market volumes with different technical indicators can show the liquidity zones where high trading volumes concentrate.
One of such indicators is Volume Profile.
On the right side, Volume Profile indicate the concentration of trading volumes on different price levels.
Volume spikes will show us the liquidity zones.
4. Historic Zones
Historic liquidity zones will be the areas on a price chart based on historically significant price levels.
Market participants pay close attention to the price levels that were respected by the market in the past. For that reason, such levels attract the market liquidity.
Above, you can see a historically significant price level on Silver.
It will compose an important liquidity zone.
5. Trend Lined Based Zones
Quite often, historically significant falling or rising trend lines can compose the liquidity zones.
Above is the example of an important rising trend line on GBPJPY pair.
Because of its historical significance, it will attract the market liquidity.
Trend lined based liquidity zone will be also called a floating liquidity area because it moves with time.
6. Technical Indicators Based Zones
Popular technical indicators may attract the market liquidity.
For example, universally applied Moving Average can concentrate huge trading volumes.
In the example above, a floating area around a commonly applied Simple Moving Average with 50 length, acts as a significant liquidity zone on EURJPY.
7. Confluence Zones
Confluence zones are the liquidity zones based on a confluence of liquidity zones of different types.
For example, a match between historic zones, Fibonacci zones and volume based zones.
Such liquidity zones are considered to be the most significant.
Look at the underlined liquidity zone on US100 index.
It is based on a historical price action, psychological level 17000, significant volume concentration indicated by volume indicator and 618 Fibonacci retracement.
Always remember a simple rule: the more different liquidity zone types match within a single area, the more significant is the confluence zone.
Your ability to recognize the significant liquidity zones is essential for predicting the market movements and recognition of important reversal areas.
Liquidity zones are the integral element of various trading strategies. Its identification and recognition is a core stone of technical analysis.
Study that with care and learn by heart all the liquidity types that we discussed today.
❤️Please, support my work with like, thank you!❤️
Why TSLA Could Be Set to Rise: Key News and a Great Entry SetupTesla (TSLA) is in the spotlight right now, and several factors suggest a potential bullish trend in the stock next week:
Strong Delivery Numbers: Tesla recently reported its Q2 2024 delivery figures, which exceeded many analysts' expectations. While the numbers were lower than last year's, they still indicate solid performance in a competitive EV market, with other automakers also experiencing growth.
Upcoming Earnings Report: Tesla is scheduled to announce its Q2 2024 earnings on Tuesday. Analysts are forecasting revenue slightly above last year’s figures, with net income expected around $1.72 billion. Investors will be particularly interested in updates about Tesla's robotaxi plans, which have been postponed to October. This anticipation could drive excitement and boost the stock price.
Market Recovery: Recently, TSLA experienced a drop of about 12.4% due to a global market sell-off. However, the stock has started to recover, and this volatility may present a buying opportunity, especially if the market stabilizes.
High Probability Setup: According to technical analysis, there is a high probability setup that has already formed, indicating a favorable entry point for bullish trades. This technical signal, combined with the positive news and upcoming events, enhances the likelihood of a price increase.
With these factors in play, including strong delivery numbers, an important earnings report, and a favorable technical setup, TSLA could see a bullish trend in the coming week. As always, be sure to conduct your own analysis and manage your risks before entering any trades.
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Master Gold’s Breakout Strategy: Key Levels Explained!this chart of Gold Spot (XAU/USD), we observe several key technical features that guide potential trade decisions:
Forming Ascending Channel: The price is developing within an ascending channel, indicating a potential continuation pattern. This channel often signals further upward movement, but caution is needed, especially when the price is in a "weird" volatility zone or failing to make new lows.
LQZ Grabbed: This marks a liquidity zone where a price sweep likely occurred, gathering liquidity from stop-loss orders. The market can potentially reverse after this grab, pushing the price higher.
LTF Flags (1 and 2): These small consolidation patterns (flags) on the lower timeframe suggest continuation. The first and second flags could signify pauses in the broader trend, with the potential for either breakout or breakdown.
Failed Push into Descending Hover: This indicates a failed bullish push, transitioning into a descending pattern (hovering near a key level). A failed breakout could signal upcoming bearish pressure.
Price Path Projections: There are two scenarios represented by the green and yellow paths:
Bullish Scenario (Green Path): If the price maintains the ascending channel and breaks out from the flag structure, we could see higher prices above the liquidity zone (LQZ), likely towards the 4-hour resistance level around 2532.
Bearish Scenario (Yellow Path): If the price fails to hold, particularly breaking the ascending channel and descending, it could move lower toward the 1-hour LQZ around 2503.
In summary, the price action around the flags and the liquidity zones (LQZ) will dictate the next major move. Waiting for confirmation of either the bullish breakout or bearish failure would align with a high-probability setup.
Solana Bull Market IdeaThis idea shows a scenario of a possible start of the bull market. Solana has been moving sideways for a long time. I expect a manipulative event in the red square, like the Fomc event or a war event that will shake the last bull, but all this is preparation for the bull market event. The target is anything above the all-time high.
Peloton Short - Thanks for the rideStoryline: CFO sold shares + (bad economic data incoming?)
Chart: Weekly high broken, retrace due as usual.
Question: Was that whole pump really reasonable?
You can bet that the majority of retail investors bought (as always) on the very top during this wonderful pump and now just patiently waits to feel the real pain of retracement. I doubt in general, that this was a major turnaround for the company, yet.
Bitcoin rejected the $58k levelBitcoin was rejected from the $58k level yesterday. Right now, I could see a move higher, but until the trend has changed, we will continue to make lower lows. One level to keep an eye on is still the low at $54.5k.
CRT RANGE MODULEIn this analysis we are focusing on 15M time frame for GOLD. Here we are using CRT range concept in this concept we consider that each single candle has a range, so today I'm looking for potential sell according to CRT concept. After confirmation we will take any step. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and risk to reward ratio.
#XAUUSD 15M Technical Analysis Expected Move.
This is just my analyze or prediction.
XAUUSD can go bullish again from 2432-2459 levels SMC and Liquidity concepts tell me that there are huge amount of pending order at 2432-2459 levels which may get picked up in this pull back in 2 hours time frame. XAUUSD can go bullish from here or more bearish if it breaks 2432 levels.
PRICE ACTION SETUPIn this analysis we are focusing on M30 time frame for gold. Today I'm looking for a potential buy if market price break this area upside then we go for buy but first we take confirmation. But if price break below this area then we use inverse breakout strategy and after retracement we look for sell. Now let's see where market price go and which opportunity market will give us.
Always use stoploss for your trade.
Always use proper risk to reward ratio.
This is just my analysis or prediction.
# XAUUSD M30 Technical Analysis Expected Move.
BUY XAUUSDAs you can notice on the chart, we have the market now playing ayound the Sell Stops area, our entry, TP and SL are gonna be on the levels shown on the chart.
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