BEARS KEEPS A TIGHT GRIP ON EU BULLS!Sellers are having a swell time violating buy zones this week, while we expected shorts, we had hoped to see a potential retracement move give us a chance to enter long (counter-trend/high-risk) but that has not happened.
While price did bounced of this level a few times showing bullish reactions, they were insufficient to determine a shift in sentiment, now attention has shifted to this weekly FVG where we begin to watch for clear bullish reaction from the 4hr TF up to the daily TF .
We'll keep fingers crossed until a reversal pattern prints!
Fvgs
DAILY MARKET WATCH: USDCAD Is Bulllish!This pair is moving toward the LRLR (Low Resistance Liquidity Run).
I mentioned this move in my Weekly Forex Forecast, and price is now reaching for the old highs.
I am mindful that tomorrow's economic news, Core PCE, will likely turn the market volatile, and
potentially turn the bias. We'll see.
Best to wait until after the news announcement for new entries.
GBP/CAD LongContext:
• Prev. month close above consolidation, this month broke prev. month high
• Weekly: Bullish FVGs, prev. week had negative close, this week broke the prev. weeks high significantly
• Daily: In bullish swing, left consolidation with close abote montly high and consolidation range. Yet showed a rejection (long wick)
Idea:
• Direction: Long
• Entry area: 1.7452 - 1.7527 (between montly high and low of the 1h-Demand zone showed in blue)
Trigger:
• I do not suggest a LMT on the upper entry area
• Rather look for 30min-1h Reversal setup in mentioned entry area
• After reaching entry area one wants to see fast upward movement and a close abote prev. month high / prev. day low lines
Stop:
• Below your entry setup
Caution when:
• Entry area is approached with momentum, i.e. strong 1h-4h FVGs. → Slow approach of area preferred
Scenario broken when:
• Prev. day high is taken out: New context with potentially higher yet to build entry level
• Confirmed 4h close below prev. day low
Be aware of the CAD News today: BoC Interest Rate Decision. Market could become very volatile
🔥 💰A long trade on EURUSD! 📈"Hey traders! 👋
💰🔥🔥Are you looking for a new trading opportunity? Check out this exciting idea for a long trade on EURUSD! 📈
According to our analysis, EURUSD is currently in a downtrend in 4H or above timeframes. However, we’ve identified a potential opportunity for a long trade. There was a breakout of Key Level 1.0895, we are waiting for a retest on support levels (as marked as Buy limit levels on chart). If all goes well, we could see a little hit on the Swing high 1.0926 and gain some pips from this Long trade. More take profit levels and the Stop Loss are marked on chart too.
Remember, this is just an idea and not a guarantee. Always do your own research and analysis before making any trades. Good luck! 🤞
If you found value in this post, please like and share it with your friends and fellow traders. Don’t forget to subscribe to our channel for more updates and ideas. Thank you so much!👋"
FVG and FIB setups So i have been now trading using FVG and Fibs for well over a year in a half now and i can personally say this is by far the best trading strat around since i started using this i right away noticed how it really does simplify trading down to the bare bone essentials which has helped me see and read price action a lot better yesterday being the best trading day i have had in a while i played 3 shorts with high success so more than anything i'm making this post to encourage people to check out this strat especially if they have come into some struggles trying to trade in this bear market you might want to give this a try