Black Friday saleUp to 70% OFF

Orderblock

Gold - Another Drop Incoming?Currently, we have had a strong impulse followed by a slow retracement. The Impulse took out a major Low, showing Sign of Weakness (SoW) as the level couldn't hold. We also have an M - which is a bearish pattern where we can expect a bearish reaction at the mitigation block (MB). Additionally, the market is in an Optimal Trade Entry (OTE), where we can expect lower prices. Gold also just filled in the Fair value gap (FVG) that needed to be filled, and from here we can look at bearish pressure. We also have imbalance to the downside that also wants to get filled. Target? We have 3 perfectly equal lows, which is a goldmine for banks as retail traders have their orders here. And since it's GOLD, we all know gold loves to manipulate retail traders, so therefore I'm looking for a Sweep (Stop loss raid) below the line to take out retailers Stop losses, causing a so-called trapped market. Confirmation Summary: M formation, Impulse & Correction, SoW, We are inside OTE, FVG just filled, Imbalance, 3 Perfectly Equal Lows (SSL). Should the setup fail and gold starts moving higher, I'm looking at the level above the M formation where it says BSL @1833.43, and the nice equal highs @1903.77 higher up. The last Setup I posted on gold here on tradingview was a great success, as from where I posted the analysis it went straight to the pip of my target, with a downfall of 2300 pips. Now, I'm currently already in a sell position from 1791.525, and the trade is running nicely in 5R profit with stops at breakeven. Continuing to hold... This is just my perspective and idea, do your own research :)
FOREXCOM:XAUUSDShort
by Bastianelton
4
Forex Trading Analysis using the Smart Money Concept ForexForex Trading Analysis using the Smart Money Concept in Forex, after price action moves, there must surely be a reaction. Looking at the forex chart, saw that there was liquidity in the upper part of the NZD/CAD. There were both trendline and retail traders liquidity which was raided and price breaking market structure to the downside. Price gets to our points of interest, we don't enter blindly, we wait for our smaller timeframe entry confirmation to ensure the table is ready to dish the food. Only then will forex profits be guaranteed. Price might be willing to go down, but there is a fair value gap that is above price that might be respected if the current order block is not respected.
by fxtdforex
GBPCHF - Retracement then LongWe are currently inside a Discount Area, above a weekly bullish Orderblock and a daily Mitigation Block. A retracement should happen and it should test the mitigation block or Deeper into the Weekly bullish Orderblock. Targeting the Bearish Breaker (Our first PD Array), or the Weekly Orderblock area into Equilibrium. We also have a Liquidity Void (imbalance) to be targeted as extra confirmation. This is just my perspective on the pair. Do your own research and good luck!
Long
by Bastianelton
USDCAD Faking a Continuation Higher to Catch Buy StopsWe have been consolidating for about a month now with strong resistance at the 1.26000 key level. My Ideas is a run to the bullish OB and rejection at this level once again to run out the equal lows beneath the start of this trend line. Remember, USD Retail sales are coming out this week so stay alert. I am not expecting much volatility today in anticipation of Tuesdays and Wednesday's news. We also have CAD CPI on Wednesday which will also have an effect on price. Let me know your thoughts in the comments below!
Short
by MrBrickTrades
1