Price played out nicely. we are currently breaking past the previous higher high. it would be great to see this bull run push to a new high, heading towards 112,000. the abc sequence is following the plan. we have the choch, followed by a new bos (break of structure). the bulls have made it clear they are in the market and ready for another run. this has great...
I like this current buy setup. Price went bearish after breaking new highs and I expected some retracement. With price breaking the sellside liquidity creating a choch showing us signs the money makers might be ready for another bullish run. Even if we dont get a new high for now a nice buy seems like the next move. stop loss is set below the last order block that...
we had a couple levels marked up and that gained us 900 pips off a beautiful snipe last night.. hopefully you caught some of that beautiful move before it reversed
we have a great sell off early monday... price has retraced back to that breakout level over the last couple of days. I like this entry area for that continuation sell.. took a while or the retracement phase to reach this level. this is a key resistance on the htf so unless it gets broken we should see a nice move to the down side
I added the fibb for visual. so now you are able to get a clear idea on which areas i am looking to enter. my two entry areas is the 75% close below the fibb level and also an entry near the fvg and orderblock. alerts have been set. which ever occurs first is the entry i will be taking
EXPECTING PRICE TO GO UP TO THE SUPPLY AREA TAP THE GAP OR THE ORDER BLOCK BEFORE THE REVERSAL/CONTINUATION PHASE. WILL ALSO BE CHECKING TO SEE IF IT CLOSE BACK BELOW FOR THE 75% FOR THE ENTRY FOR THE MAIN SELL. Expecting price to go up to the supply area and tap the gap or orderblock before the reversal phase. we will be also checking to see if price closes...
AT this time price has expanded and prepped us for a nice sell. the retracement phase seems to be almost complete. we still have a bit of room to reach the fvg and or orderblock. this is where we would have a great risk to reward if we can be patient and wait for price to reach our key level wait for price action to enter the sell on then next markup i will be...
I love smc and I see we have a large breakout to the upside for an expansion move..knowing a retracement phase was up next and I like to get a deep discount around 75% on the fibb which i did get.. so went to the 5 min and look for bearish engulfing pattern to be broken and have price close above it for the entry
after a choch out of the down trend into a bullish trend. price is currently in a retracement.. after the most recent break of structure (bos) i am looking for the main buy once price reaches that 75% area on the fibb. once that happens i will look for a candlestick combination like a raid and a bullish engulfing pattern to get back into the buy
After a nice expansion move to the downside. the retracement phase is in full effect. using my quarter zones on the fibb.. im looking for atleast a retracement to the 75% area in order to get in a sell. there is a large fvg left behind and a nice order block at the supply level. I would really like to see that gap get filled and take a sell at the order block. buy...
AS We dive deeper into the market we can see on the 4hr a bit more structure we can work with and it also gives us a clearer picture of the most recent structure that price has created. now there is still more liquidity above which price may want to continue to. We have an order block and fvg that still needs to be filled and if we can get price to close below the...
I love smc and I see we have a large breakout to the upside for an expansion move..knowing a retracement phase was up next and I like to get a deep discount around 75% on the fibb which i did get.. so went to the 5 min and look for bearish engulfing pattern to be broken and have price close above it for the entry
daily structure has already shown a choch to the downside. we have a solid retest to our fair value gap. I can see price selling down to the next level of that daily support
I love how price has broken the daily high and now is giving signs it might be ready for a bullish run. had a nice breakout and now have retraced to my golden zone around the 75% on the fib and have price action giving bullish vibes.. about a 30 pip risk for me on this trade. using proper risk I like this setup final target around 47 pips
OVERALL TREND IS GOING DOWN. the short term buy was completed at our 75% zone area. Waited for that retracement phase to be finished. I believe price is giving us the price action we are looking for the get in this sell with about 34 pips for the risk. Using my zones on the fibb for our targets.
I Have taken the time to identify all of the key order blocks and fair value gaps. These will be key areas where I will be looking for entries and exits. I will be going to the lower time frame to get a closer look at what is taking place to give me a clearer bias of where price me be going this week.
Price did close below our 75% level on the fibb, if you took the trade you would be about 121 pips in profit and tp 1 being the next fibb level would give you 150 pips and that is where u can look go to move your stop loss to break even plus spread to avoid potential losses