- We are looking at AUD/USD which clearly respects SMC and moves in a proper orderflow.
- We are also looking at a higher time frame and i will start looking for shorts in LTF, such as 15M, 5M when market bumps into our POI.
- Target is going to be 1:20 with the most tighest stoploss.
Here we notice wyckoff distribution(15min) tested with another Re-distribution on the (3 min) for the reason of 3min OrderBlock with imbalance.
Now expected to test the 3min extreme POI over the 5min recent POI. Lets see how its play.
IEX my view only...
Sell side entry
Choch is confirmation to entry on order block to 2 target, one is trend line, and second one is last swing point...
When we start trading stocks in the beginning we all run around indicators thinking that it is the holy grail of trading and after that losing hell tons of money and 90% of people who lose their 90% of trading capital in 90days leave the markets and say it's gambling but the rest 10% stay and staring learning about markets But unfortunately almost 99% information...
Nifty- 18,462 might be a long opportunity. Look for HH and HL.
PS:- trading view is not allowing me to share 1 min and 5 minutes chart. You can take multiple trades on those timeframes
if we go on 1 day tf we can notice that price is pulling back to its 21 day ema and 50 % fib levels
4hrs tf we have an continuation OB at the same level
setup continuation OB ( inside bar ) huge impulsive move creating imbalance and price should come back to mitigate this level
Entry - OTE
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An H4 demand zone with good price action (SMFC) that hasn't been tested. Break of structure on the 1Hour time frame with a possible shift in trend while keeping in mind the news (red flag) creating volatility. Created a good reaction off the point of interest :). Experts in this strategy please feel free to be as critical as you can and point out if there's...
View - Bullish (Considering technical analysis and recent Govt policies towards textile industries)
Will wait Patiently till i get any sign of reversal
For educational purpose only
