Imbalance $65 | Short BiasOn day chart
ELGD has created imbalance around $65. Besides, ELGD's in consolidation phase $48 - 60
The previous signal when ELGD closed below $55 that is signal for reversing if price can't close above $73
So I think ELGD pullback to higher then drop to Golden Ratio at $40
Wait for next move
SMC
Fair Value Gap, Chance Zone | Long BiasOn Week TF
Solana's in Fibo Channel and it's trading at $108 now
I found a #FairValueGap around in range $80 - $96 so I expect SOL will pullback and bounce back from this range
Besides, this range included #GoldenRatio
So I think the chance for long position
Time will tell
SOLANA updated move (SMC)As SOLANA continues to follow the chart pattern I previously shared, it has successfully mitigated the demand zone and is currently moving in line with it.
So far, this movement has resulted in approximately a 10% profit . Considering this positive development, it would be wise to start booking profits partially while implementing a trailing stop loss strategy.
Our next target should be the recent high that SOLANA reached. However, it is crucial to keep an eye on Bitcoin's price movement as well.
Bitcoin often influences the overall cryptocurrency market, so any significant changes in its value could impact SOLANA's performance.Additionally, it is important to note that the current market sentiment appears to be greedy. This means that investors may be more inclined to take risks and potentially overlook potential downsides.
Therefore, it is essential to exercise caution and manage your risk accordingly.
I will continue monitoring the situation and provide updates as necessary.
SOLANA Expected move (SMC)The recent increase in cryptocurrency has resulted in a bullish trend persisting for several days now. By examining the 1-hour chart of SOLANA, we identify an area of high demand where we can strategically plan a long trade. To ensure greater certainty, we can transition to a shorter time frame after addressing the Order Block and carefully evaluating CHoCH.
Smart Money Concepts.
GBPUSD Journal EntryNote : I am Learning student of ICT
trading journal help you to build your basic foundation so if you are learning ICT concepts so you have to do this every single day.. may this example help you (All credit go to ICT only i am his student)
So if you are forex trader annotate your DXY \ EURUSD \ GBPUSD chart every day
with Your Daily | H1 | M15 chart for next 3 months to build your understanding about how price flow move
Note ::
Always have narrative and short term bias in your mind
for more detail Watch ICT Month 5 , 6 , 7 , 12
And video of ICT from Core content (what to focus on)
EURUSD Journal entryNote : I am Learning student of ICT
trading journal help you to build your basic foundation so if you are learning ICT concepts so you have to do this every single day.. may this example help you (All credit go to ICT only i am his student)
So if you are forex trader annotate your DXY \ EURUSD \ GBPUSD chart every day
with Your Daily | H1 | M15 chart for next 3 months to build your understanding about how price flow move
Note ::
Always have narrative and short term bias in your mind
for more detail Watch ICT Month 5 , 6 , 7 , 12
And video of ICT from Core content (what to focus on)
BTCUSDT DAILY TFAs you see market is filling DAILY POI I already drawn on 15Jun23 @25755.67
That POI worked as a magnet! and we can see price mitigates there price started to fall -14.79%
And now price will fill imbalance which is @23986.92 to @20687.13 PLUS there is a another POI for long side! price will bounce there too.
After that we can expect a New High on BTCUSDT a breakout @32399 that's a previous high on 31May22
OR . . .
If price gives us a breakdown on that POI @20367.48 then price will move towards WEEKLY POI {SKY BLUE} @16812.95 in my opinion that's a strong POI from 21Nov22 is there and not mitigated once!
That means BTC is FILLING FUEL we can see a BULL RUN!
THOSE WHOEVER READING THIS COMMENT YOUR THOUGHT
SMC
AUDUSD LONG IDEA FROM 0.01
RISK IS 12$ ,
REWARD IS 56
USE PROPER RISK MANAGEMENT
.
.Trade Idea: BUY
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 4
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
EURUSD Short idea Let’s focus on OANDA:EURUSD SELL
The target is marked as per 15M & 1 Day with Fibonacci tool
Calculate by SMC Market Structure.
As per current Eurusd price on 15M chart Major 2nd BOS is complete now it’s time to retrace minimum 38% marked area with Fibbo tool TP1 and TP2 area is 50% marked same with Fibonacci
Thanks for watching.
BTCUSDT WEEKLY TIME FRAME@69198.7 All time HIGH on 08Nov2021
Marked few levels those are HIGH on weekly TF Second HIGH @48248.5 on 28March2022 Third HIGH @32446.5 on 30May2022
If market gives us a proper breakout @32446.5 then we can expect a little BULLRUN towards second high @48248.5
Right now price is between @31623.4 - @29491.1 market looks good on weekly TF
Previous week candle is a DOJI CANDLE that means buying momentum is slowing down. As the BULLS lose steam BEAR regain some control into the close of the candle with selling pressure.
But it can also be momentary indecision and the market may continue to move in the some direction afterward.
Marked 2 POI first POI @12210.7 second POI @22998.9 this 2 POI is for BUY SIDE!
If we see a Rejection or Fake Breakout @32446.5 then price will come to mitigate @22998.9 and then we can see a proper breakout @32446.5
@3621.8 All time LOW on 09March2020
WHOEVER READING THIS COMMENT YOUR THOUGHT THANK YOU!
SMC
XAUUSD 4Hr Bear Market structureXAUUSD 4Hr Bear Market structure Full idea
The current price Running XAUUSD is 1930
As per Fibonacci retrace tool the price is almost reached 50% retrace area
Now the seller zone is 1930 to 1938
The structure is almost complete
Major 1st Choch at 1970
Major 1st BOS at 1932
Here is major 2nd BOS meet-up area is at 1896
then target and retrace area is 1866
Thanks for watching
GBPJPY MONTH TIME FRAME@717.347 All time High on 01Jan1975
@116.837 All time Low on 01Sep2011
GBPJPY market is falling down from 01Jan1975
As you see I marked 4 POI on month TF @208.117 and @188.631 this two POI are for short position. And if we see price is going to mitigate @188.631 my POI is calling them to mitigate there if you want to place order then place @188.631 short SL 198.358 TP 169.115 RR 1:2
Second short order @208.117 SL 221.481 TP 181.454 If price give us a breakout @215.892 which is high on 01Jun2008 we can see a BULL RUN ?! I don't know! But if price give us another breakout @251.115 which is also a high on 02Jun2007 then we can see a retrace and BULL RUN!
And another 2 POI is for long position @161.976 and @139.478
I Think GBPJPY market is doing good going good.
CHART LOOK'S GOOD AND CLEAR
WHOEVER IS READING THIS COMMENT, YOUR THOUGHTS, THANK YOU.
GOLD MONTH TIME FRAMEAll time Low @20.540
All time High @2075.282 03Aug2020 in Black color.
There's a pullback on 07March2022 in Red color.
We can see here a Extrem POI on XAUUSD @438.184 - 410.486 is not mitigate yet but sooner or later price will come down to mitigate. I have marked five POI the last POI is @1226.477 - 1161.197 on 01Aug2018
01Sep1999 we saw a Bull Run {Bullmarket} till 01Sep2011 @1921.070 we thought that's a all time high @1921.070 because price started to drop. And price drop! till 01Dec2015
On 03Aug2020 Gold created new high @2075.282 and that's a all time HIGH again price come down to pushup to create new high but markets fuel tank get low and there we get a Rejection price failed to touch the all time high on 07March2022
Another Rejection on 07May2023
I THINK SOON WE CAN SEE A NEW HIGH ON GOLD.
If.... price cross @1618.025 this level then we can see a mitigation @1226.477
GOLD WEEKLY TIME FRAMEI Have Marked five POI on weekly TF to take entries on BUY side. So you can see my last POI @1859.207 - 1802.859 that's POI for LONG.
We can see a Rejection on 04May2023 @2067 price was not able to touch previous Rejection level @2070.630
Now Price is coming to mitigate @1859.207 that POI is for LONG position.
After mitigation we can see a new High on XAUUSD
EURUSD Swing Downtrend AnalysisTrade Analysis : Swing EURUSD Downtrend
Channel analysis on EURUSD
Trend Identification: Swing Downtrend EURUSD .
Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points.
Price Behavior: Daily Bearish pullback with market structure.
Targets: T1 = 1.6000, T2 - 1.0550.
Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements.
Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows.
Conclusion: Based on the chart analysis of , EURUSD is Downtrend has been identified. EURUSD is heading towards the 3-Month Low. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading!
(Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)