Yes this is contrarian, markets are booming but it's quite overextended and going long at a top is the most monkey trader thing to do. I'll do a reverse analysis where I start with the intraday and follow up with the daily. So here's my take on things: What's on the intraday chart? (Follow the steps) 1) A 4 hour bearish FVG. This will serve as my entry zone. 2)...
After the recent selling of META by owners and a recen push back up to the last one day order block i believe META will drop back down to previous 4 hour order blocks after breaking the lower trend line.
I'm using Multi Time Frame Analysis and now all my time Frames are confluence with one another. M15 recently created another low and we identify the premium zone by using a fib.
-> Swing: Bullish. -> Internal: Bearish. -> Has reached EQ. Following swing BOS price very aggressively pushed to the upside. Currently price has printed a bearish iBOS where we are now in the pullback phase. Price has printed a bullish CHoCH which is the first sign (but not confirmation) that internal pullback has initiated. Internal EQ is marked in green. ...
-> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. After the swing BOS price aggressively moved to the upside. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish following second bearish iBOS. Price pulled back to premium 50% EQ and is trading between and internal...
This is my Intraday analysis on EURUSD for 24 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bearish OF Bullish In Discount 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started...
Waiting for better price structure to become clearer in and around supply zone of interest will patiently wait unbias as if set up works or fails, analysis's done, on watchlist, time for popcorn. DYOR. Perma
1/23/24 EUR/USD We are heavily bearish on this pair . I'm waiting for a pullback to our supply zones to take shorts and take profit targets will be our demand zone ( purple box) . Only entering if i get a confirmation entry on the lower timeframes. Keep in mind High Impact EURO news at 3:15-4:00 am est . 4 Hour : Daily :
1/23/24 GBP/USD rejected beautifully in our supply zone and broke minor structure to the downside . Price created a new supply zone so we can wait for a pullback to that zone and enter shorts if the market presents its lower timeframe confirmation entry ( CE ) signal . Keep in mind there's GBP high impact news at 4:30 am est . 4Hour : Daily :
Bitcoin has been in a sloppy rising channel for over a year. It tried 4 times to break out of the channel recently and is now back testing the bottom of the channel. If it closes below the channel on the daily, look for Bitcoin to fall to the support zone which is around $30,000. It's also the midline of a long term VWAP. Selling volume is much stronger than...
NVDA shares are in a very strong uptrend, and since they broke the previous all-time high around $500 (yellow area), we have been navigating in unknown waters, since there are no more “previous tops” to act as resistance levels to guide us here. Since our previous study, NVDA has made many important movements, so let's update our idea. Remember, the link to my...
Top-down analysis for DXY. Price action analysis. Important key levels. Bullish outlook explained. ❤️Please, support my work with like, thank you!❤️
Using ICT concepts, I believe we are about to see an expansion on Dollar pairs. I am getting in sync with this short term USD/JPY, aiming for my weekly short term liquidity objective. I believe we are making a Tuesday low of the week and after reacting off that daily level, I think we are due to for some expansion. Entry was on the high of the 15m BPR. Stops...
This is my Analysis, my thought process for EURCAD, which I wanted to share with you. Market is bearish on LTF, but on bigger picture, it seems bullish. Traders may wait for LTF confirmation for entry.
H1 Key level was now broken and I expect it to go to the previous Key Level. Found an opportunity to short on M15 POI. Let's watch the movement of the market from here. Not a financial advise.
After waiting for some quite time, finally M15 structure has been finally broken expecting the price to go back to H1 Key Level. However, I think it will not touch the H1 Key Level since there is a POI forming near that level so I think it will go to that area before it went up again.
So I chose to cash out my trade at 4760 for about $2250. Trends have a huge case to send us lower, especially if the 6hour keeps signaling lower. All the trends between 30m and 4hr are ALL in a lower low downtrend at the moment. The trends are as follows; Last Macro Trend Signal Spots (ES Contract) 30m - 4778 Downtrend (1/17/2024) Lower Low 1Hr - 4761 Downtrend...
GBP/USD - Price broke above our equal highs into our supply zone . I would want to see price break below 1.27000 then get a pull back to enter shorts . I have two supply zones as you can see on the chart to potentially look for sells but my main focus right now is this one . Daily : 4 Hour :