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Buyers push price past previous 3 Daily Highs // Already?We have ascending Higher Lows rejecting 1.44 on this pair, it looks like price is being bough up. Additionally you have the fact that we just broke the high of the previous 3 daily candles in the first few hours of trading. We have created a Higher High on the 4Hr during the first trading session of the week, ahead of PMI manufacturing News. I suppose we are expecting positive numbers. looking for retest buys after News comes out
Long
by ShrewdCatfx
Buying into a Daily Supply Zone can be Risky / GBPJPYWe have a clean traffic range up to 157.7. However this is also a Daily Supply zone we are trading at and price can just suddenly reject any of these prices and take us into a range or bearish for the rest of the week . approaching this pair at the current time is difficult because it just raised interest rates (on GBP) but then also we have Putin/Ukraine Tensions sentiment in the markets. looking for a retest of prices 156.5 and 156.250 for a Runner Position
Short
by ShrewdCatfx
Price action is Proving Bears Wrong? // EURUSDI think we saw sell opportunities already early in the week during the first few sessions, These Higher Lows rejecting our Daily Zone @ 1.1275 are very aggressive. was this the bottom wick on the Weekly timeframe and now we will begin to see higher prices for the rest of the week? IDK but I'd bet on it until proven wrong. It is disappointing, If I were still a Seller, to see this kind of price action, given the fears with Putin/Ukraine, priced in already?, the Dollar strength as of late?
Long
by ShrewdCatfx
1
Market Fear Causes Respect of > [ 157.3 ] Weekly Zone / GbpJpyThis is my bias as we move into the new week of trading. I was confident after Thursday Daily candle closure that we would finally get a close above 157.300 on the Weekly and Daily Timeframes. The News on Friday caused us to respect this zone on the HTF's . I'm looking for Sells for the first few sessions of the week. My bias will change uf we get a strong 4hr close above 156.845. Looking for limit orders entries as I don't thnk these prices can hold given current market sentiment and fud. I like 156.845
Short
by ShrewdCatfx
1
as US Oil Maintains Market Structure, will USDCAD fall in Sync?Was not expecting this much volatility from CAD, given the fact that we were expecting US OIL strength. But we go with the flow and market structre was pointing bearish so that suggests we could touch the daily and 4hr lows again, we had clean traffic for a 30 pip move bearish . I caught 18 pips on 1 position, got out. Where do we go from here? tough range on the daily timeframe between 1.26650 and 1.27650, large range i suppose, 100 pips. As long as US Oil maintains market structure, USDCAD may continue bearish sentiment for the week and come down to 1.262
Short
by ShrewdCatfx
Demystifying a Fakeout ; Fake Breakout ; Wyckoff Theory / EURCADIn this Analysis I break-down what everyone knows and hates most. The Fakeout. The fakeout is simple. I hope this conveyed in the Chart. 1. We are in a Range 2. We closed outside the Range, we get candle closure confirmation. The 3 C's. 3. Shortly after we print candles back inside the range, closing strongly 4. At this stage you can wait for a retest of the bottom of the range (like me) or you can just place an entry right then .. because the Fakeout structure has initiated at this point Thoughts on where we are going form here anyone? I'm Looking to 148 for swing trading. We must stay above 146 now since we closed above this zone on Friday's NFP day.
Long
by ShrewdCatfx