the_mechanist

the_mechanist

impulsive move under the daily open, retest, and we are aiming for previous day low. let's go!

the_mechanist

Imbalance + L VN + bottom of the range + an extra secret confluence :-D (PM if you wanna know more...)

the_mechanist

A good reaction level that targets the return to the 4 HR order block

the_mechanist

Price has reached a previous Point of Control + conglomeration of bank levels = aiming to short until previous Point of control + bank level conglomeration

the_mechanist

1. A reaction swing is in play 2. Entry trigger to be activated below the sell off phase of the distribution 3. Projected target is for the full reaction move (action/reaction theory) or earlier exit

the_mechanist

1. A reaction swing is in play 2. Entry trigger to be activated above the buy off phase of the accumulation 3. Projected target is for the full reaction move (action/reaction theory) or an earlier exit

the_mechanist

1. A reaction swing is in play 2. Entry has been triggered at the sell off phase of the distribution 3. Projected target is for the full reaction move (action/reaction theory) or an earlier exit

the_mechanist

Price already started rejecting at two important Gann 0.5 levels + 99 bars level from previous pivots points (triple timing confluence); indicating that it's time to create a swing and change direction. I am targeting a price decline to reach the next visible equal lows of liquidity (around 200 pips).

the_mechanist

Rejections from top and bottom + bank levels in place = short opportunity

the_mechanist

Rejection from top + rejection from bottom + supply zone + thick wall of bank levels = short opportunity

the_mechanist

Fresh supply zone + edge of bank levels zone + stop hunt above pivot point = short opportunity

the_mechanist

An Elliott Wave "JK Channeling" interpretation of USDCAD, showing a potential 5th wave to the downwards (with a decent RR)

the_mechanist

We see a directional bias upwards and a recent break out from a point of interest (range). We target 50% of the closest imbalance zone.

the_mechanist

After a range breakout from an important Friday level, we will try to ride this one up until the 50% of the daily liquidity void

the_mechanist

after few breaks of structure to the downside, here we assume that the price will move downwards to cover the big liquidity void. we are projecting entry and TP based on triangle borders. pure fun.

the_mechanist

Using the action - reaction theory here, trying to reach the bottom of the pitchfork - let's see how it goes. We have already formed some sort of heads and shoulders pattern that has now passed under the 34 moving average, therefore we are projecting a downwards move

the_mechanist

Indications that suggest a move to the downside within the next few days: - A completed liquidity run above last week's high, with subsequent bearish institutional candles - Completed W formations that have reached reversal zones of fib confluences - A liquidity void to the downside that needs to be covered - Gann based time/price projection