EURUSD: Bullish Draw Toward Daily Buy Stops!Greetings Traders!
Current Market Analysis:
At the moment, EURUSD is exhibiting signs of a potentially bullish draw toward the daily buy stops.
Key Observations:
H1 Bullish Structure: The internal structure on the H1 timeframe has shifted to bullish, indicating a potential for further upward movement in EURUSD.
H1 Bullish Order Block: Currently, price is supported by the H1 bullish order block, which may serve as a springboard for further upside movement. This suggests that the market is drawing towards the daily buy stops, which is my primary target.
H1 Sell Stops: If price takes the sell stops, I will still be looking forward to taking a buying opportunity provided the market gives me a confirmation to do so.
Trading Strategy:
Focus on Bullish Order Flow: Given the evidence of bullish institutional order flow, the strategy is to look for entry opportunities around the H1 bullish order block.
Target Levels:
Draw on Liquidity: The target is the daily buy stops, as indicated by the current bullish order flow and market structure on the H1 timeframe.
Conclusion:
By understanding the current bullish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on EURUSD. The shift in H1 structure and the support from the H1 bullish order block point towards a bullish draw, guiding our strategy towards taking advantage of long opportunities in the market.
Happy Trading,
The_Architect
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GBPUSD: Anticipating Short-Term Bearish Reversal!Greetings Traders!
Current Market Analysis:
At the moment, GBPUSD has been primarily bullish coming into this week. However, recent price action indicates that we might anticipate some bearish institutional order flow to meet minor targets before potentially continuing the bullish trend.
Key Observations:
Market Structure Shift: We have seen a market structure shift, suggesting a potential reversal. This bearish sentiment was further confirmed when the price respected the Balanced Price Range, leaving the Fair Value Gap above it as a runaway gap. This indicates that the price has no immediate need to move further into premium prices.
Trading Strategy:
Entry Strategy: I am looking to see if the price retraces back into the H1 bearish order block. This will be my primary entry point. If the price does not retrace into the H1 bearish order block, I will seek other entry methods, provided the price gives me a confirmation to do so.
Target Levels: The main target is the Daily Bullish Fair Value Gap, which is my draw on liquidity.
Conclusion:
By understanding the current bearish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on GBPUSD. The observed market structure shift and the respect for the Balanced Price Range support a bearish outlook in the short term, guiding our strategy towards taking advantage of short opportunities while keeping an eye on the potential continuation of the bullish trend.
Happy Trading,
The_Architect
EURUSD ERL TO IRL- Keeping it simple!EURUSD PA looks very clean.
Looking at the Daily Chart, We took out the External Range Liquidity at 1.09162 and now our job is to look for Intra-Day shorts to target at least the Daily Internal Range Liquidity at 1.08614
Price Always does two things
- Taking out Liquidity or Balancing price inefficiencies
In this case, we took out the Liquidity and now we are going for the FVG
-ERL TO IRL.
All the Best!!!
Week of July 7 NQ/10Y/CL/GCA new batch of fresh record highs to start Q3!
Last week, we were looking for longs and we got them to TP at ATH for a solid 500 handle move in NQ.
From HERE - it gets a lot trickier, but lets start to walk through what we are looking for.
Nasdaq
To ME - the governing HTF Draw on Liquidity (DOL) is still the fresh FVG that was created on the quarterly chart. We saw back in Jan (Q1) and Apr (Q2) - they attacked these IRLs in fast and furious fashion early in the quarter. With us now at ATH on NQ - I can't long anything up here.
THIS WEEK - I am looking for shorts to take NQ back to the 19.7k area. This would give us a h4 and weekly long Turtle Soup setup for those brave enough - but I am still looking at that Quarterly chart which has a draw down to th 19k area.
I'm looking for NQ shorts this week. Hopefully we get something really aggressive and they dump NQ 5% and we can start looking for the HTF draw down at 18.5k - but lets keep focused and take things 1 week at a time.
10yr
Rates continued to fall this week - which is what is jucing the markets. That being said, I'm still looking for the 10yr to march down to ~3.8% before any kind of meaningful bounce. This is because the economy is starting to roll over, inflation is coming down - and the bond market knows it.
Oil had quite the week! We have a Hurricane in the Gulf of Mexico that is headed for Houston by Monday - so I expect a lot of this to be Hurricane premium. I am STILL looking for a move lower in oil - we just need to sweep the 85/85 area - hopefully this week.
Once Oil finally does roll over, this will confirm the bond markets stance of lower inflation and energy prices driven by a weakening global economy.
Gold had a steller week. I don't have any real clear bias on a weekly chart from here - but I would REALLY like to see the 2304 lows swept before the big move higher. There is a TON of liquidity down there (stops) that I can't imagine the Market Makers really want to leave intact before the real move higher.
Baero's Take - We are truly seeing some historic stuff in markets right now, and the market is insanely bifurcated.
Mag 7: +48% YTD
S&P 493: +7.5%
Russell: just went red for the year again
Between the Cyclical performers (metals and energy are late stage performers) and the massive narrowing of the market - we are way over due for a 5-10% correction. I think once we get our well-deserved correction - there will be one final swing long entry to run us into the EOQ. I plan on being flat most of swing stock positions ahead of the election, as I think the greatest bear market in the history of finance - will come in Q4 into 2025. I fully expect that the highs we print on indexes this year - won't be revisited for decades - if ever.
The madness will go on - until it doesn't.
Nobody rings a bell at the top - which is why we take it week by week.
So here is the setup I am watching for this week;
I want to see NQ drop back to a weekly IRL level and run the h4/weekly TS for potential long entries ~ 19.8k. This is the EXACT same type of setup we saw last Monday.
I want to see oil take out the 85/86 level and then reverse hard - this will confirm the bond market deflationary stance as the global economy weakens.
I am still waiting for gold to sweep the 2304 equal lows for a long entry.
Until next week - We'll be watching.
Trading EURUSD | Judas Swing Strategy 08/07/2024Last week proved challenging for the Judas swing strategy, which experienced losses on AUDUSD and GBPUSD. However, this has heightened our anticipation for a more successful trading week ahead. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises:
- Setting the timezone to New York time
- Confirming we're on the 5-minute timeframe
- Marking the trading period from 00:00 - 08:30
- Identifying the high and low of the zone
Now that our trading zone is defined, we wait for a liquidity sweep at either side of the zone to inform our trading bias for the session. Liquidity was taken at the highs after 25 minutes, signaling our focus would be on identifying potential selling opportunities.
Even though we have a bias for the trading session, we do not enter trades blindly. Instead, we consider the following questions and do not rush into any trades until all the criteria are met. The questions are:
1. Is there a break of structure (BOS) to the sell side?
2. Has the price leg that broke the structure left a Fair Value Gap (FVG) behind?
3. Has price retraced into the FVG that was left behind?
After an hour's wait, two of our previously mentioned conditions were met, indicating we were on the right track. We just needed to wait for price to retrace into the Fair Value Gap (FVG) to execute the trade.
After the Break of Structure (BOS), the following candle entered the Fair Value Gap (FVG) that had formed. However, our thorough backtesting revealed that it is preferable to execute trades after the candle that entered the FVG has closed. This approach is due to instances where the candle entering the FVG may proceed to hit our stop loss, but waiting for the candle to close prevents us from such trades.
After initiating the trade, we experienced a drawdown for approximately 35 minutes before the position began to move in our favor. Patience is now required for the trade to unfold. Based on the data we have gathered, we anticipate an average trade duration of 8 hours and 27 minutes.
We are aware that our strategy does not guarantee a 100% win rate but rather hovers around 50%, indicating that some losses were inevitable. To avoid becoming emotional over the position, we used only 1% of our trading account with the goal of achieving a 2% gain. Upon checking our position later, we observed that it was progressing favorably in the direction we intended.
After 12 hours and 20 minutes, our Take Profit was triggered, and our patience paid off as we hit our target on EURUSD, resulting in a 2% gain from a 1% risk on the trade.
Mastering HTF Analysis: DXY & EURUSD Weekly to Monthly Forecast!Greetings, traders, and welcome back to today's video!
In this session, we'll be conducting a higher timeframe outlook on the DXY and EURUSD. Our goal is to understand what we can anticipate in this week's and this month's trading sessions.
This video will also provide insight into how I approach my trading, focusing on different logs for various aspects of my analysis:
Higher Timeframe Analysis : Monthly, weekly, and daily analysis conducted at the beginning of each week. (Primary Focus In Todays Video)
Interest Rate Logs: Tracking changes and impacts of interest rates.
Intraday Trading Layouts: Used daily to keep my charts organized and clutter-free.
Analyzing these layouts separately at different times helps me stay organized and maintain a clear perspective.
Let's discuss the market structure. Markets are driven by smart money, also known as the banks. They are the liquidity providers, while we are the spectators. Central banks own the currencies and set their trading values. Understanding that markets are liquidity-based—it's us against the banks—we see that banks move prices toward liquidity to pair and book against it.
So, where does the most liquidity reside? The higher timeframes. The higher the timeframe, the larger the sponsorship. That's why we'll be analyzing the higher timeframes today to gain a strategic edge.
Let's dive into the charts and uncover these crucial insights together.
Premium & Discount Price Delivery in Institutional Trading:
If you have any questions, please leave them in the comments section below.
Happy Trading,
The_Architect
SELL IDEA ON GOLDWill be looking forward to take shorts on XAUUSD as our lower time frame trend is currently bearish. Our entry is based on our 30M OB and FVG POI which formed at a break of structure, will be waiting for a retracement in that area to take our trade. Will be also taking longs when TP hits to continue with the higher time frame trend which is bullish.
ENTRY: 2369
TAKE PROFIT: 2337
SL: 2381
US30-Dow JonesAs shown, the price in the 40,000 areas, fell strongly. It broke the structure, and gave us a change in direction. After that, it gave us a correction in the form of a clear ascending price channel. And then today, it is still strongly from the 75% Fibonacci levels. Therefore, we expect the continuation of the downward trend around 38,000.
EURUSD: Bullish Order Flow Continuation into a further Premium!Greetings Traders!
Current Market Analysis:
At the moment, EURUSD appears to be positioned for a continuation of bullish institutional order flow. Despite reaching deep premium prices, evidence suggests that the price may push into even higher premium levels.
Key Observations:
Predominant Bullish Trend: The market has exhibited a strong bullish trend since last week, indicating sustained upward momentum.
Deep Premium Prices: Although we are currently at deep premium prices, the price action suggests a potential push into even higher premium areas.
Engineered Liquidity: The price is currently engineering liquidity on the buy stops by forming a retail pattern (resistance zone). This pattern entices retail traders to enter short positions, placing their stop losses above the highs. Smart money will use these buy stops to sell against, providing further evidence of anticipated bullishness.
Trading Strategy:
Continuation of Bullish Order Flow: Given the evidence of engineered liquidity and the sustained bullish trend, we anticipate further upward movement in EURUSD.
Target Levels: Target the resistance zone and look for price action indicating a continuation into deeper premium prices as to reach into the daily premium order block.
Conclusion:
By understanding the current bullish institutional order flow and leveraging the key observations, we can effectively anticipate and execute trades on EURUSD. The evidence of engineered liquidity and the predominant bullish trend support a bullish outlook, guiding our strategy towards capitalizing on buying opportunities in the market.
Happy Trading,
The_Architect
EURUSD: Bearish Institutional Order Flow & Sell PotentialGreetings Traders!
Current Market Analysis:
At the moment, EURUSD is trading in deep premium prices, and the smaller timeframes have already started to shift into bearish institutional order flow. Given these conditions, we are looking for premium arrays to short the market into discount areas where we can book our profits.
Key Observations:
Premium Prices: Currently, EURUSD is in deep premium prices, making it an opportune moment to seek shorting opportunities into discount areas.
Bearish Institutional Order Flow: The shift into bearish institutional order flow on smaller timeframes signals a strong downward momentum.
Premium Arrays : Multiple premium arrays are aligned on the chart, indicating areas where the market is likely to respect and initiate new selling. These areas include:
Order Block: Anticipated as a level where new selling will occur.
Breaker Block: Expected to act as an institutional resistance level, where smart money mitigates buy orders and reinstates new selling orders.
FVG and Liquidity Void: Inefficiencies in these areas present fair value for smart money to short against.
Trading Strategy:
Focus on Confluence: The alignment of these premium arrays provides strong confluence, suggesting a continuation of the market's downward movement.
Target Levels: Our primary target is the H1 discount sell stops, where we will look to book our profits.
Conclusion:
By understanding the current bearish institutional order flow and leveraging the aligned premium arrays, we can effectively anticipate and execute short trades on EURUSD. The confluence provided by the order block, breaker block, FVG, and liquidity void supports a bearish outlook, guiding our strategy towards taking advantage of short opportunities in the market.
Happy Trading,
The_Architect
EURUSD looks clean!!Daily Outlook
- According to the next day Model, we are anticipating the next daily candle (Monday) to be bullish
- We are close to the DOL, so I believe we will sweep the high before going for the Daily FVG
4H Outlook
- We created CISD, therefore I am anticipating a retest on the OB then from there we are going for the DOL
- IRL ♻️ERL
1H Outlook
- We have a 1H FVG that could potential push price to ERL, however I would love to see a deeper LTF retracement into the OB then a push to the upside.
WEEKLY FOREX FORECAST Part 1: DXY, INDICES, GOLD, SILVER, US OILThis is Part 1 of the Weekly Forex Forecast.
In this video, we will cover:
USD Index, S&P500 NASDAQ DOW JONES DAX GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
My Bullish Idea For USOIL Trade - Here is Why am Buying USOILFOREXCOM:USOIL
Here is why am bullish on USOIL.
1. The daily time frame structure is extremely bullish.
2. The 4hour is also bullish.
3. The 1hour chart structure is extremely bullish such that there is no reason to go short.
The orderflow on 1hour is very bullish, price is respecting bullish PD Arrays like Fair value Gaps (FVG), Bullish Orderblocks, bullish breaker etc.
My entry, target and stop loss are all on the chart.
I hope this inspires you.
Drop your idea in the comment section.
GBPCAD: 700+ pips swing move in making; what you think? FX:GBPCAD
After looking at the daily timeframe, we have identified the price pattern with this particular pair, we pointed out the upcoming big move based on similar move that this pair has made. Currently price has been rebounding from the strong buying zone where we expect a large volume to kick in the market. First our main aim will be to see how price react at the downtrend trendline and if price successfully breakthrough the region. We can then enter more entries with this pairs targeting long term 700+ pips. Good luck and trade safe.
Fetch.aiThe currency is preparing for an inevitable price explosion. I personally have stored a good amount and I advise you to do this. The first goal for the currency is $4 and its price is now 1.14 cents. Imagine how much you can achieve from it if you store $1,000 of this currency for only a month. Imaginary profits. Good luck. We will meet a month from now.
Trading GBPUSD | Judas Swing Strategy 02/07/2024Last week saw a lull in trading activity for the Judas Swing, concluding with no trading opportunity on the four major currency pairs we monitor ( FX:EURUSD , FX:GBPUSD , OANDA:NZDUSD , FX:AUDUSD ). This pause in activity has heightened our anticipation for engaging in some promising trades this week. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises:
- Setting the timezone to New York time
- Confirming we're on the 5-minute timeframe
- Marking the trading period from 00:00 - 08:30
- Identifying the high and low of the zone
The next step on our checklist is to await the sweep of liquidity on either sides of the zone, which will give us a directional bias for the trading period. Liquidity was taken at the highs after 20 minutes, signaling our focus would be on identifying potential selling opportunities.
Although a bias has been established for the trading period, we do not proceed to sell indiscriminately. To enhance the probability of successful trades, we await a break of structure (BOS) on the sell side. Following the BOS, we expect the price to pull back to the initial Fair Value Gap (FVG) formed during the development of the leg that broke structure.
Next on the checklist, we wait for the price to retrace into the Fair Value Gap (FVG) and execute the trade only after the candle that entered the FVG has closed.
After executing the trade, we were in profit for about 10 minutes before the price reversed, leading our position into a drawdown. During the drawdown, we remained calm because we had risked only 1% of our trading account on the trade, aiming for a 2% gain if the trade was successful. We were aware that our strategy does not guarantee a 100% win rate but rather hovers around 50%, indicating that some losses were inevitable. To avoid becoming emotional over the position, we let the trade run its course and accepted whatever the outcome would be.
We later reviewed the position and discovered it was once again moving in our favour, only to reverse direction and head towards our stop loss. We anticipated an average position duration of 6 hours and 35 minutes for the trade, so we let the trade run.
We waited with patience, yet our perseverance did not bear fruit on this occasion, as our position reached the stop loss after 4 hours and 40 minutes, leading to a 1% reduction in our trading account. It's important to note that we were on a winning streak for a few weeks and it's normal to have losing trades; no strategy guarantees a 100% win rate. However, with proper risk management and a favorable risk-reward ratio, the potential for profit can outweigh the losses.
Week of June 30 NQ/10Y/CL/GCWeek of June 24 NQ/10Y/CL/GC
I'm back! After a much needed vacation and a break from the charts at ATH - I am BACK on TradingView with a fresh weekly forecast.
This week will mark the start of Q3 - which is really important as we need to check back to reference the quarterly charts to see if there is any unfinished business we left behind. I am expecting Q3 to mark the final high in a parabolic fashion - that we wont see again in our lifetimes.
I will be discussing the Nasdaq NQ1! and the Dow YM1! as these 2 components when averaged together - constitute the SPX.
Nasdaq has a Quarterly IRL that we need to visit and rebalance. We saw a decent sell-off at the start of Jan and April for the start of Q1 and Q2 - I am expecting somewhat similar into July for Q3. SPX and the NDX are the only things that actually have a quarterly IRL to go revisit from here - so a slight pullback in tech and then the market is ready to run.
Weekly I wanna see this weeks high or possibly ATH swept to start a sell program to fill this qIRL. Downside targets could be anywhere between 18-18.6k.
We will know more once we see where it bottoms.
10yr backed up a little this week - but we are continuing our march lower. Bonds are SLOW moving - but they are clean.
Rates are headed lower because the global economy is weakening - and the bond market knows that. Stocks don't tend to ask WHY rates are dropping - at least not at first.
OIl has gone nowhere - we are the same price as April and October 23. I have no weekly context on oil so there is no trade for me in there - for now.
Gold was flat on the week - but it looks like the final move higher is coming soon.
From HERE - I want to see us flush back to the 2250 area - there is a confluence down there on the quarterly and weekly charts of a volume imbalance - and it also happens to be the quarterly CE.
Timing of this would make sense too - as precious metals and energy are typically the LAST sectors to rally in the final stage of a bull-market.
So here is the setup I am watching for this week;
I am looking for indexes to start a pullback this week led by NQ. Any pullback I expect to be fast and sharp - so that nobody can capitalize on it. Set your alerts - I am looking for ~ 18.5k on NQ1!
I want to see Gold sweep the 2304 level, the continue to nATH.
Until next week - We'll be watching.