Market Closed with semi formation for H&S / Quasimodo in H1, we can expect the GAP down opening considering H&S in H1. to add, bnf broken the daily swing high recently we yet to have proper retracement , so my expectation is price will either tap the H1 BB or H1 Demand level then shoots up.. Disclaimer : this is the one side of viewing market based on past price...
Price just broken the daily resistance level, we could expect some pull backs, from there we can buy till price reach the H1 bearish OB inside the Daily BB, or price can open Gap up by breaking 50% fib level from there it can directly reverse by mitigating H1 bearish OB.. My long term bias for the bank nifty is still bearish as price about to reach the daily premium level
USDJPY, is just tapped Daily supply zone, though our long term bias is still bullish, we could expect some downfall before it shoots up to the sky.. If my H4 swing high is broken then look for quick buy either from break and retest or through bullish OB target till D1 Imbalance... For sells look for LTF BOS aroung D1 imbalance area or take sell entry if price...
even though my HTF bias is sells, i'm looking for retracement buys in bank nifty, at least till Daily supply level around Fib 50% level..Let see, look for LTF BOS before taking any trades
This is how you trade using SMC 1. First look for BOS 2.Then mark Swing High & Swing Low 3.Mark Bearish OB 4.Wait for Retracement to Bearish OB 4.1 -- Look for Counter trend LTF BOS 4.2 -- Look for Bullish OB 4.3 -- Take entry and target Bearish OB 5. Look for Bearish LTF BOS 6. Mark LTF Bearish OB & Take entry
Currently price is ranging in daily time from, we should expect either break out or break down only then we can decide our bias of the market If price broke the Green Horizontal line marked in chart , we can expect bullish move for the day if price broke the red horizontal line marked in chart, we can expect the bearish move for the day
HTF bias for Bank nifty is still bearish, hence i expect once again bear run tomorrow... if we have Gap up opening - then we can expect price to react at H1 Supply from there we can look for SELLS - if price broke H1 Supply we can look for counter trend buys from H1 block though its a risky one (as price will be in...
Price is approaching Daily bearish block, we can either expect sells from H4 Breaker block or H4 imbalance.. Look for LTF BOS before taking sell entry
Today bank nifty created the inside bar candle and didn't break the previous day low, although we had bear run, price showed some rejection at H1 BB. we might have either side way bull market or some bull run until it reach the Daily FVG/ GAP.
Price broken the Daily Minor Swing Low, so we can expect retracement to upside, means there will be bull run or GAP up opening tomorrow, 1.If market opens Gap up above or break through M15 Supply , then look for buy from M15 Supply at pullback and H1 Supply will be your target... Then look for LTF BOS in H1 Supply and Sell from there till H1 demand 2.If market...
I will be looking for long term buys in Asian paints, Price can reject from current Daily Supply Zone and mitigate the Breaker block from there it can shoot up OR price can break the current Supply zone and retest the zone once again from there it can shoot up
as stated in chart, i'm expecting 2 of these scenarios. Bullish - Price broken the H1 high and fell down but it didn't broken H1 low instead price showed some reaction over H1 demand zone, so we could probably expect price to shoot up if it broke the EQH and M15 BB Bearish - Price can either reject from M15 BB or it can reject from M15 Supply after filling...
Price rejected from Daily Demand zone, which shows that price turning into bullish in daily charts, however in H4 we have potential resistance in the form of Breaker block and supply zone... price currently rejected from H4 Supply zone, if we have LTF BOS at least in M15 we can go with shorting...