Candlestick Analysis
BTCUSD Needs Correction.Everything that goes up comes down. Be ready guys sooner or later we will see bitcoin going for a strong support region on the daily timeframe. The condition of the alt coins can be bad as they can capitulate to lower levels fast even if bitcoin takes a 10% correction. Alt coins will bleed badly if BTC does his usual thing.
Profitable SMC Smart MoneyConcept Strategy Explained
I will teach you how to trade liquidity grab, a trap, inducement, order block and imbalance.
I will share with you my Smart Money Concept strategy for trading forex & gold.
We will study a real SMC trading setup that I took on a live stream with my students.
Trend Analysis With Structure Mapping
The first step in our trading strategy will be the analysis of a market trend on a daily time frame with structure mapping.
Analyzing GBPNZD on a daily time frame, we can see that the conditions for a bullish trend are met.
Liquidity Zones Analysis
The second step will be to find liquidity - supply and demand zones on a daily time frame.
According to our rules, here are 3 liquidity zones that I spotted on GBPNZD. We see 2 demand zones and 1 supply zone.
Test of Liquidity Zone
The third step will be to wait for a test of a liquidity zone.
And on that step, we should remember an important rule:
We will wait only for a test of a liquidity zone that ALIGN with the market trend.
It means that we will wait for a test of a demand zone in a bullish trend.
We will wait for a test of a supply zone in a bearish trend.
The only demand zones that meets these criteria on GBPNZD is Demand Zone 1.
It aligns with a bullish trend.
We don't consider Demand Zone 2, because a bearish violation of a Demand Zone 1 will be a Change of Character and a violation of a bearish trend.
And here is how a test of a liquidity zone should look like. The price should simply reach that.
Liquidity Grab & Imbalance
After we identified a test of a significant liquidity zone that aligns with a market trend, we will start analyzing lower time frames.
We will look for a liquidity grab, order block and imbalance on 4H and 1H time frames.
Here is a liquidity grab that is confirmed by a bullish imbalance.
We see a false violation of a liquidity zone, followed by a high momentum bullish candle.
It will be our strong bullish signal.
Order Block Zone
In order to identify the entry point, the next step will be to identify the order block zone.
According to our rules, here is the order block zone on a 4H time frame.
Entry Level
Our entry level will be the level of the upper boundary of the order block zone.
Here is such a level on GBPNZD.
A buy limit order should be set on that level.
Please, note that in that particular case we don't need a 1H time frame analysis, because we have a confirmation signal on a 4H time frame. We will analyse an hourly time frame only when THERE IS NO SIGNAL on a 4H time frame.
Stop Loss & Take Profit
Safe stop loss should be below the lowest low of a bearish movement.
To safely calculate a stop loss in pips for the trade, simply take 0.5 ATR - Average True Range.
For Average True Range indicator , take the default settings - 14 length.
Here is a safe stop loss level on GBPNZD. ATR is 55 pips. Our stop loss for the trade is 28 pips.
Take profit for the trade will be based on the closest 4H liquidity - supply zone.
That is the closest supply zone that I spotted on GBPNZD on a 4H time frame.
Your target level should be a couple of pips below a supply zone.
Look how perfectly the market reached the target!
As you can see, that trading strategy is quite complex and combines different important elements. But what I like about this SMC trading strategy is that it truly makes sense.
The intentions of Smart Money are crystal clear here and the trade execution rules are straight forward.
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EurAud could accelerate to the upside (1.7 target)After dipping below the key 1.6 level—both a technical and psychological threshold—at the end of November, EUR/AUD quickly rebounded and began climbing in a constructive manner. Recently, it established solid support at the 1.6350-1.6360 zone, with two notable reversals from this area observed last week.
As of now, EUR/AUD is trading at 1.6507, just below a technical resistance level, with the price action showing signs of a buildup. The odds favor an upward breakout, and if this materializes, it could lead to a sharp acceleration higher.
In this scenario, my swing trade target is the 1.7 mark. For now, my strategy is to buy on dips, anticipating the breakout and preparing for the upside momentum.
EURJPY: Capturing BOJ decisionsFrom technical perspective, the price moved to significant orders in the past. And once reach there, there's bearish engulfing candle formed. To see inclination of price movements coherently:
1. GDP of Euro Zone in stagnant level without significant increase or decrease (demand in EURO is stagnant)
2. Japan CPI keeps growing (demand in YEN)
Therefore, there's possibility liquidity created first there with bearish engulfing, signifies bearish movement ahead.
Energy Sell Off - Low RSI Not Seen Since CovidWatch energy to see if it bounces off these levels as the selling pressure over the last two weeks has been relentless with no bounces. Possible Bullish abandoned baby candle if tomorrow is a large up candle.
Understanding the Bullish Abandoned Baby
Traders watch for bullish abandoned baby patterns to signal the potential end of a downtrend. The pattern is fairly rare as the price movements need to meet specific criteria in order to create the pattern:
1. The first bar is a large down candlestick located within a defined downtrend.
2. The second bar is a doji candle (open is approximately equal to the close) that gaps below the close of the first bar.
3. The third bar is a large white candle that opens above the second bar.
Tesla (TSLA): Long-Term Breakout Backed by Strong MomentumChart Analysis:
Tesla shares have surged past key resistance at $415, marking a significant breakout with strong bullish momentum.
1️⃣ Key Breakout:
The price broke above the horizontal resistance level at $415, which previously capped gains in 2021. This breakout signals renewed strength and opens the door for potential continuation.
2️⃣ Moving Averages:
50-week SMA (blue): The price is well above the 50-week SMA at $227, highlighting robust upward momentum and a bullish long-term structure.
3️⃣ Momentum Indicators:
RSI: Currently at 80.96, signaling overbought conditions. While this reflects strong buying interest, traders may watch for signs of exhaustion or a pullback.
MACD: Bullish momentum is accelerating, with the MACD line rising sharply and far above the signal line.
What to Watch:
A potential retest of the $415 breakout level as support would be a key technical development to confirm the breakout's strength.
Traders should monitor RSI for signs of divergence or overbought reversals while keeping an eye on continuation patterns.
Tesla has broken free from a multi-year range, driven by strong bullish momentum. The price action and breakout above $415 suggest bulls are firmly in control.
-MW
Go long gold near 2633 as scheduledBros, I have been suggesting that gold is likely to continue to fall to the 2635-2630 area in the past two days. At present, gold has fallen back to this area as expected. We have made a lot of money in gold short trading in the past two days! Congratulations to those friends who followed my trading strategy!
At present, the lowest price of gold has reached around 2633, so the support of the 2635-2630 area is effective in the short term, and gold has failed to fall below this area several times during the decline, so this area has become an important defensive position for bulls in the short term, so there should be some buying funds here, whether it is to seize control or to play between the long and short sides, the bulls should perform well in this range.
So in terms of short-term trading, I prefer to start long gold near 2633, and I have already done so. Moreover, there is still strong support in the 2625-2620 area below. If gold continues to fall, I will consider adding positions to long gold in the 2625-2620 area again.
Bros, I have already started to go long on gold. Are you optimistic about the rebound of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Trading with Multiple Time Frames: A Balanced ApproachWhy Use Multiple Time Frames ?
In trading, understanding flow and target areas across different time frames is essential for precision. Each time frame provides a unique insight:
Higher Time Frame (HTP) : Establishes the direction and target areas.
Focal Time Frame : Serves as your primary or main frame of focus for trading decisions.
Lower Time Frame (LTP) : Confirms the HTP’s direction and offers entry/exit points.
Examples: If you are position trading (holding longer than 1 month) you focal time frame is the monthly, the weekly is the time frame that offers entry/exits and the Quarterly is the time frame that establishes the direction and target areas. If you are swing trading (holding longer than 1 week) then you focal time frame is the weekly, LTP is the daily for entry/exists and HTP is the monthly. If you trade intraday then HTP is the hourly, focal is 15min and LTP is the 5min.
🔎 Key Principles for Multi-Time Frame Analysis
HTP Determines the Flow:
Strong resistance or support on the higher time frame drives the market flow.
Example: If HTP resistance is strong, the LTP will typically trend downward
LTP Monitors the Setup:
Use lower time frames to observe and confirm HTP predictions.
Lower time frame bars should progressively move away from strong HTP levels
Focus on Nearby and Further Out Areas:
Nearby areas provide short-term strength or weakness.
If a nearby area breaks, targets shift to further-out energy zones
🧩 Example Strategy: Integrating Time Frames
Step 1: Identify a strong support/resistance area on the HTP (e.g., Weekly Chart).
Step 2: Use the focal time frame (e.g., Daily Chart) to monitor for trend setups.
Step 3: Zoom into the LTP (e.g., Hourly Chart) to:
Confirm the setup.
Look for price reactions and ideal entry points.
Step 4: Set targets based on the HTP structure, while managing risk on the LTP.
🎯 Tips for Target Setting
Targets are often defined where price terminates energy (e.g., HTP resistance/support levels).
Monitor flow: If LTP flow aligns with HTP direction, the trade is on track.
If nearby energy breaks, shift your target to the next further-out area
🚀 Final Thoughts
The HTP shows the big picture; the LTP provides execution clarity.
Always let the HTP guide you, and the LTP confirm your trade entries/exits.
Remember: “Strength is strength until proven otherwise.”
By combining multiple time frames, traders can trade confidently, anticipate targets, and stay in sync with the market flow.
2 Red Candles throw Nifty back to support searching mode. 2 intensive Red Candles with big selling throw Nifty back to support searching mode. The strong support zone is round the corner. The chart shows Nifty is nearing 2 major trend line supports at 24257 and 24175. If these 2 supports are broken further supports for Nifty will be at 23904 and 23803. Final Mega support for Nifty will be 23684 (200 day's EMA or Father Line Support) and recent low of 23291. On the upper side resistances galore at 24445 (50 day's EMA or Mother line) followed by 24627, 24793, 24960 and finally 25209.
The selling has come on the back of Rupee hitting all time low and fears over US FED slowdown in the Rate Cuts in the year 2025 as inflation is not abetting and is continuing to grow. US Markets have already priced in 25bps rate cut for the ongoing FEd meeting. But more worry is regarding the commentary about 2025 and 1 or 2 more US FED meetings decisions before Trump administration takes over. With Nifty nearing critical support levels mentioned earlier volatility, bulls Vs bears FII Vs DII intense struggle is on cards. Bears have had an upper hand so far this week but Bulls can stage a fierce fight back any time within this week itself once Nifty confirms support.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Algo:Bullish Momentum Intact for a Potential Upside continuationAlgo/USDT has been one of the standout performers among altcoins over the past month, with the price soaring by over 500%. After peaking just above $0.60, the coin experienced a healthy correction, forming a local low at $0.35, a level slightly above March's high.
Following this correction, BINANCE:ALGOUSDT entered a consolidation phase, creating a base around the $0.40 mark. This consolidation suggests the market is gathering strength for another potential upward move.
Currently, the price action indicates that Algo/USDT may be preparing for a new leg higher, with a likely target at the significant resistance near $0.70.
From a strategic perspective, I remain bullish as long as the $0.32 support level holds firm. The suggested approach is to buy dips, capitalizing on opportunities within this uptrend.
Key Levels to Watch:
- Support: $0.35 (recent local low), $0.32 (critical support)
- Resistance: $0.60 (previous high), $0.70 (major target resistance)
ETHEREUM (ETHUSD): How to Catch The Next Bullish MoveWe are seeing a significant potential for a bullish trend to persist on ETHEREUM, the current setup appears encouraging, indicating a possible bullish breakout.
To take advantage of the upcoming bullish momentum, it's advisable to wait for a breakout above the 3945 - 4110 blue range. A bullish violation of this area will likely lead to further growth towards the all-time high.
Obviously, ETHEREUM is somewhat overbought in the short term, but we have also observed a corrective movement from the highlighted resistance level first.
XAU/USD Strategy: Selling Rallies Amid Bearish StructureIn my analysis of XAU/USD yesterday, I highlighted that after the 800-pip drop, a rebound was likely. However, given the weekly Pin Bar and the bearish daily structure, I emphasized that any upward move should be viewed as a correction and an opportunity to sell.
Indeed, the market did see a rebound, but it was weak and short-lived. After reaching the 2665 zone, the price reversed to the downside and ended the day with minimal change.
Currently, the price sits at 2652, with the recent lows now acting as confluent support, reinforced by the rising trendline from the recent bottom. A decisive break below this support zone would shift focus to the next key level at 2610-2615.
My strategy remains unchanged: I continue to look for selling opportunities on rallies.
Platinum in deep consolidation TerritoryThe 70% to drop after my Nov 18th post turned out to be 100%
Now we are in deep consolidation going into the closing of this yearly candle
I predict we will drop further coming into the year but a sweep of the highs first.
There is actually no real way to predict which side will unload 1st to start the volatility so we remain cautious and super suspicious of the low volume going into the new year
DXY closing the yearly candle with bullish intentWe await to see what the DXY wants to do.
Will it respect the bearish array and seek to complete it's sellside rebalance?
Or will it seek further buyside clearing of old inefficient range above from the yearly chart?
I believe the new year candle will seek the high of the current candle closing. We will have some time to see this play out.
Dollar Index (DXY): One More Bullish Movement
Yesterday, I predicted a nice pullback on Dollar Index.
It looks like today, we have one more.
The price testing a key intraday/daily horizontal support
and formed a double bottom on that.
Bullish violation of its neckline may push the market higher.
Goal - 107.1
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