Good Day! High-level summary of trade: i) 'Support' sitting at structure with 78.6% fib, induced Retail Traders to buy too early ii) Break and re-test of support encouraged a Retail selling frenzy iii) Both types of Retail traders above, would have likely been stopped out iv) Our first trades were stopped at BE v) Re-entry based on Wyckoff schematic, with...
Based off the previous price action and my awareness of the sporadic institutional moves i was able to strategize a trading plan for what possibly could show up in the future.Even if price dosent respond how i expect it to i still know that the areas i have marked up are important levels of structure that i could potentially take a trade off of, like and comment...
Sellers are losing strength and the highs above have lots of liquidity, im expecting a reversal pretty soon. Like and comment if you agree!
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If we see a break of the current psychological level then according to the laws of supply and demand, there is a cause for price to push above the current highs,remove the liquidity and take out the imbalance of buyers and sellers in the market.Like and comment if you agree with my post!
Finally from my bias of DXY getting strong which will also make USD strong and i found a good setup for a sell on EURUSD so USD being the quote of this pair i expect EURUSD should drop
On my last post i mentioned DXY should drop to that trend and during that drop USD should be weak which actually played out i took advantage of it caught a buy on EURUSD and a sell on USDCAD so now i expect DXY to gain strength so USD should become strong now And i also have a setup for EURUSD sell which is a good correlation EURUSD setup in my next post
Am looking to go long on GOLD from 1825 level if i see good rejection but if not then i will be eyeing 1800 lets watch out for gold
Supppp snipers, hope everyone had a greed day today. So i got another play for yall. Check it out, GBP has been rising fairly consistently today, at least for the latter half of the day. So with this in mind, we can safely assume long positions until we see some form of major rejection. As i have marked in the ellipse, the three candles basically confirm the...
So here we have equal highs that are viable for stop raids and will continue the narrative of a LONG USDCAD scenario to be continued to play out. After the equal highs are taken we look forward to a decent to the downside giving way for other currencies against the Dollar to recover.
In lue of the equal highs getting stopped and raided, the aud news should be a catalyst to our nice sell scenario. Stay tuned for more updates
So what i'm looking for in the DXY Narrative is some decrease in supply and more demand in other words institutions have met their supply levels and look further to sell DXY as Demand increases for discounts on the Dollar. This will affect every Dollar based pair so look for the disparities in price!
Looks to me as if the institutions are taking price to the upside, In lue of the Long story, What seems to have played out is the sell off right before the up move. Giving us the buy entry Between the 1.29 and 1.30 levels. Since there has been tell tale signs of institutional sponsorship, we are looking for more upside potential to USDCAD
The picture shows possible bank moves and where price can possibly move to.