If the previous Monthly Liquidity is swept then the NSE:ADANIPORTS will be bearish for intermediate term as there's a huge liquidity pool residing below the level of 650 to 600.
Otherwise, it's Bullish.
#smartmoneyconcept #adaniports #advancedpriceaction #ictconcepts
market is currently downtrend in higher timeframe. here market has broken the LL and form an new LL which indicates that market will further continue downtrend. so the idea for this trade is also to sell the market from a high interest area, from the picture you can see that after market formed new LL it shoot up to fill the imbalance price left open and broken...
you can further extend the target to a higher timeframe OB. but because there was a 1h demand below so be careful, the market could reverse from any point to fill that demand below, then look for 1m confirmation to enter the trade as there was an extreme demand was below there which was untested.
I hope you have a profitable week ..
in higher timeframe market is currently bearish forming LH and LL. market after hitting a 1d imbalance form CHofCH 1h 4h timeframe telling market could possibly reverse from downtrend to uptrend in lower timeframe to fill the imbalances which was left open. market came back and fill the imbalance below and show a large push up showing buyers are in control there...
drop down to lower timeframe for confirmation if market manage to come to that 30m demand.
I hope you life the analysis do press the follow button for more such trade idea breakdown in the future.
In 30m timeframe i got a nice trade idea for this pair if it will work out as planned then targets are pretty massive. lets wait for the market to come to that demand then i will look for some confirmations in lower timeframe (1,3,5m) for entry.
if you like the analysis do follow me fore more daily trade ideas. I hope you have a profitable week
as you know the overall eur/usd in bearish right now .as dollar is strengthening all dollar related currencies like gbp/usd ,eur/usd , and nzd/usd are loosing their value so overall i am looking for short position next week.
the idea formulated when in 1h timeframe market is uptrend forming HH and HL to now break a HL (wick break ) which kind of confirm that...
9 Month trading rage with visible sign of accumulation .
emergence of high volume after brake out clear sign of smart money accumulation .
also from out preforming sector
