Smcanalysis
#EURNZD:First Two Entries Hit Targets What you think about this?FX:EURNZD first two entries hit our targets successfully, now we are focusing on the third entry, price rejected at the key level, where we think most of the major selling orders were placed. Currently, in our price had left behind big 'liquidity void area' due to that reason. In our view, price is likely to fill those area and then bounce back from our 'third entry'. We are targeting same 300-400 pips this time around too. Which will helps us gathering over 1200 pips from three ideas.
Let me know what do you think about EURNZD? Please share your views too.
the importance of InducementLots of Smart Money Traders usually trade Based on Structure and Order Block but in Reality Order Block is Not SMC . Order Block just additional Confirmation for buy or sell . when you look any order Block then dont trade blindly you have to wait for inducement or Liquidity sweep Clear Confirmation before buy sell on Order block . Let see how it work
XAUUSD: Imbalance filled, What next?$1990 area had to be filled, we previously had identified this 'imbalance level' and have been waiting for price to fill the area so that we can have a clear view. Since price have filled the area. Now we can see price going towards 2020 and then 2050 only if DXY remain week and other economic data support Gold to rise. In other case, price can drop to 1900$ and rebound from there. We will have to wait and see how prices behave.
Good luck and trade safe!
GBPJPY wave structure at 4H, 15M timeframeDay is uptrend => current is correction
4H is uptrend => current is correction
15M is dowtrend
Current price is in the demand zone of the 4H, Daily time frame.
There is a high possibility that the price will increase again.
To confirm the price increase again, we wait for the price to surpass the strong swing top of the 15M time frame
XAUUSD: Possible Bullish Move Up Until $2080?Dear Traders,
Gold has not made any significant move yet to decide whether it is in bearish trend or bullish. This has confused many traders to decide the future direction of the Gold. Price have dropped and bounced back and made the similar pattern like last time when it created lower low and then bounced. In our buying bias, we think price will continue the bullish momentum for now up until 2080$ which remain a vital point. If price do decide to go other way we want you all not to take further trades until you see a clear sign. Gold has been tricky and tough to trade with.
Good Luck and Trade Safe!