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AUD/JPY Short, EUR/JPY Short and CAD/JPY ShortAUD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. EUR/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. CAD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
1
#ES_F Day Trading Prep Week 03.17 - 03.22Last Week : Last Sunday we discussed that failing over HTF Edge usually can bring in weakness and start transacting back through lower areas towards the lower Edge but also mentioned that we were in potential 5150 - 5250 +/- balance with 5204.25 - 5199.75 area being a temp mean which told us to be careful expecting too much continuation lower just yet. Monday gave a test of VAH and Key Support under it which held and gave a push back through the Edge for a consolidation above it. From there to end the week we needed to either accept over inside/over VAL of New range or we could see price return back to the Edge. Thursday we got failure at VAL with a return back to the Edge and Friday to finish off the week we found selling at the Edge top and were able to get through the Edge to close the week at VAH area. This Week : This week we are currently inside 5204 - 5154 Range, we are under the Edge and have more Supply built up above us this time around. Yes we are still in this 5250 - 5150 balance which may continue holding for now but we do have more Supply above us now and we are seeing more signs of trend this time on 4hr TF which we weren't seeing last week. IF we continue holding under the Edge that will mean continued weakness and if we either build up enough supply over VAH or more sell volume comes in to take it out it could start the move towards lower VAL. We have Fed on Wednesday and bigger market moving events Thursday/Friday so the question is will we hold first couple days and try to balance more in Current Range or do we try to make a move early in the week and then do clean up after ? As mentioned last week usually failures or u turns at Key HTF Edges will send the price opposite way towards previous VAH / VAL and Edge destinations, last week it was sketchy because of how things were set up but this week we may actually get it. We still have short covering every time we make a move lower which means still have to be careful and take it level to level or range at time because it may take its time as so far we have kind of been getting stair case down moves with holds/pull backs which traps more new buyers, but continuation lower is something to watch for. For us to attempt a move at the highs and new HTF Ranges Value again we would need to continue holding above the Mean/VAH area and accept back inside the Edge with a good push over 5219-15 area, for now Supply is trapped above and may start selling out lower. Levels to Watch : Current Intrarange Resistance 5188.25 - 84.50 // Key Resistance 5204.25 - 5199.75 IF Accepts in Edge would need to get through 5219.75 - 15.75 to attempt higher targets. Current Intrarange Support 5174.25 - 70.50 Key Support 5159.25 - 54.25 Under could see continuation through the Mean targeting 5144 - 40.25 // 5129 - 25 This would be our VAL area and Key Support for any continuation towards the lower Edge would be 5112.50 - 5107.50
CME_MINI:ES1!
by HollowMn
GBP/USD Short, AUD/USD Short, EUR/USD Short and CHF/JPY shortGBP/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. CHF/JPY Short Minimum entry requirements: • 1H impulse down below most recent low. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs