My view on USDCAD. Price in a range. Both buyside and sellside liquidity are taken. There is no clear sign where price are willing to go. It is better not to trade in these conditions. But this is my view. {image}
Price Action Powerhouse: Unveiling S&D vs. S&R for Smarter Trades
- #21
- Feb 25, 2024 8:43am Feb 25, 2024 8:43am
- Joined Jan 2019 | Status: Trader | 1,189 Posts
- #23
- Feb 25, 2024 12:24pm Feb 25, 2024 12:24pm
- Joined Nov 2020 | Status: Trader | 2,471 Posts
{quote} {image}
One of the most important questions is the question "What highs or lows has no (or very little) liquidity below/above them?". So if we know that, we know where is the safe place to put our stops.
But in this case, I consider that sell stops were taken and price want to move higher.
Lets hope this thread in not dead already, and maybe PAT will help figure out our questions.
- #24
- Feb 25, 2024 1:05pm Feb 25, 2024 1:05pm
- Joined Nov 2020 | Status: Trader | 2,471 Posts
GBPUSD
Price is climbing up, taking all demand zones (OB's), making higher highs. Possible target upper side of FVG.
Price is climbing up, taking all demand zones (OB's), making higher highs. Possible target upper side of FVG.
- #25
- Feb 25, 2024 3:48pm Feb 25, 2024 3:48pm
- Joined Nov 2020 | Status: Trader | 2,471 Posts
This is the question about Gold. I hope it is appropriate to ask questions here.
When price broke high, returned and bounced up. Support became resistance. And the idea was to look for buy signals, unless price breaks S&R structure.
And then price broke this structure. And there was an buy order at the edge of H4 FVG (POI).
1. Why this edge of FVG is POI? FVG is not in confluence with anything significant (nor OB, nor S&R).
2. Price broke S&R structure. Why it was good idea to look for a buy despite previous statement?
When price broke high, returned and bounced up. Support became resistance. And the idea was to look for buy signals, unless price breaks S&R structure.
And then price broke this structure. And there was an buy order at the edge of H4 FVG (POI).
1. Why this edge of FVG is POI? FVG is not in confluence with anything significant (nor OB, nor S&R).
2. Price broke S&R structure. Why it was good idea to look for a buy despite previous statement?
- #26
- Feb 26, 2024 5:06am Feb 26, 2024 5:06am
- Joined Jan 2019 | Status: Trader | 1,189 Posts
This is the question about Gold. I hope it is appropriate to ask questions here. When price broke high, returned and bounced up. Support became resistance. And the idea was to look for buy signals, unless price breaks S&R structure. {image} And then price broke this structure. And there was an buy order at the edge of H4 FVG (POI). {image} 1. Why this edge of FVG is POI? FVG is not in confluence with anything significant (nor OB, nor S&R). 2. Price broke S&R structure. Why it was good idea to look for a buy despite previous statement?
I give you my view and we wait for those of Pat
I entered long on demand in H1 for 2 reasons.
1) the price has engeniered a equal low over demand
2) the price is return to the origin
- #27
- Feb 26, 2024 3:42pm Feb 26, 2024 3:42pm
- Joined Nov 2020 | Status: Trader | 2,471 Posts
{quote} Pat is busy in these days I give you my view and we wait for those of Pat I entered long on demand in H1 for 2 reasons. 1) the price has engeniered a equal low over demand 2) the price is return to the origin {image}
- #28
- Mar 3, 2024 1:42pm Mar 3, 2024 1:42pm
- Joined Nov 2020 | Status: Trader | 2,471 Posts
This is GU H4 chart.
How we should consider this action. Price broke recent low. But we did not reach the upper target yet.
Should we consider this as BMS and look for a sell orders?
Or we should consider this as a fakeout and still look for a buy opportunity?
How we should consider this action. Price broke recent low. But we did not reach the upper target yet.
Should we consider this as BMS and look for a sell orders?
Or we should consider this as a fakeout and still look for a buy opportunity?
