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Intra - EURUSD, What do you want? Tell the truth..is it 1.2045? I'm going to be quick with this because it is mid-session, and I want to stay in a trading flow. GBP has tentative budget release today, stay mindful. Probably gonna come in around 5:30am (EST) Watching: 1.2090-1.2100 for a short. Looking for banks to protect their UK open liquidity spike. Reasoning: We triggered two daily highs on the London open Tapped a supply zone Price confirmed some shorts were there If price hits the zone I'm watching, structure will play an important role in my decision to enter or not. I'm bullish long term so I rather be safe than stupid. It may sound like I'm talking about GBPUSD cause I'm referring to London so much...GBP impacts EUR, London makes up about 35% of all FX transactions. Currently monitoring.
by elevatedinvestor
5
EURUSD 15M SUPPLY ZONEYou see that long wick upon entry of the supply zone I setup. That tells me there are a significant amount of sellers at that price. If price comes back up to the level I will stay no matter what and it will be a good idea for anyone to get in at that entry price as well. Price barely touched the supply zone. I am interested in adding to my position if price comes back. But be warned: it is rallying from a demand zone on the Daily chart (green section below), which is my target to get out and a possible chance for a 3:1 RR.
Short
by QSInvestments
abc corrective wave and gold 1st February 2021abc corrective wave with c wave extension at multiple level in above chart we have primary ABC wave with wave C subdivided into (A)(B)(C) again wave (C) further subdivided into abc. last wave c,(c) has made 100% projection. At the time of writing correction to entire abc wave structure has made 50% correction. the fibonnaci retracement of entire ABC wave pattern has wave B low at 78% retracement and (B) has it low at 50% retracement. Multiple hammer candle stick suggesting big intraday support at 1856. if ABC correction ends right here than wave C projection can go upto 100% at 1886
FX_IDC:XAUUSDLong
by Sangam-Agarwal
EUR/CHF 1/29/2021 11:50 (DEMO)EUR/CHF 1/29/2021 11:50 SCALP Fundamental/Sentimental News Events: A lot of smaller events going on, but none that should effect price too much. Regardless, friday volatility is right around the corner. Market Sentiment: Bullish sentiment Technical Time Frame Analysis: Monthly: Buyers breaking out of an uptrend with a building momentum in power Conversely, sellers are showing signs of exhaustion On an uptrend out of a down trend Weekly: Buyers are reaching for higher levels but sellers are stricking back Daily: Price is is acting stronger on the side of buyers, despite not using all thier volume Although price is being pressured by a structural level, that level has been semi-penatrated and price is further inclined to go upwards by the uptrend which sellers struggle to hit indicated by moves to It appears that buyers have an eadge so far on the daily. 4H: Buyers seem to have over extended, price may drop a bit to gather more buyers Structural level and trend seem attractive to price action 1H: Price seens ti ve testing a supporting trendline more strongly that the resisting one indication buuyers are being pushed hard Reason for Trade: Buyers have taken advantage and thrown a large sum of buyering power to create an impulse, indicating they still have power, but ideally, a retrace would be the ideal thing in this situation given the strong structural level, a 61.8, and indication of exhaustion at the 100% with a small HS. Indicators: RSi Looks bullish on everytime frame and even supports a bit more buyers on the 15M for a small window before a drop on the hour Entry Order: 0.05, 5000USD Position: Limit Sell at RR: 3.89
Short
by Mike_McCarthy
1