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ICI

Potential short on NZDUSD? All I can see is shorts in this scenario. But I am having difficulties understanding why it keeps pushing up. Ideas to support this idea: Strong trendline resistance Key Level resistance Strong resistance zone ICI to the downside DXY strong support at 92, which has already been tested DXY looks heavily oversold on LTFs NZDUSD looks heaving overbought on LTFs My Stoch indicator is giving multiple signals to short on multiple LTFs Although I still think that we see a huge impulse down any minute, I am losing confidence as time goes by. If I see price action on DXY continuing down, I'll likely close this trade around 25 pips, instead of holding to 40 pips. Let me know your thoughts. Trade Safe! HEET
Short
by AfterlifeTrading
7
Potential USDCAD Swing Trade SellsI closed my buys yesterday and starting to look for sells now. DXY has been bullish the last couple days but it looks like it may be topping out. It has reached the structure highs, 0.612 fib zone (from the weekly perspective) and a key level which I am expecting to resist for this idea. For DXY, keep an eye on 92.5 area and 92.665 area. USDCAD is currently at a weekly key level support and LTF Bearish Structure support, respected since the end of Jan. I am hoping for one more surge to the upside creating a fakeout liquidity grab and then strong push down. There could be some consolidation in this area before we see that strong downward move. The current USDCAD structure appears to be a corrective structure of the HTF bearish structure, it could create a downward move to break the lows and extend as far as the -0.272 fib level. Invalidation: A daily candle close above the 0.786 fib. Let me know your thoughts. Trade Safe! HEET
Short
by AfterlifeTrading
Potential EURUSD Swing Trade BuysI closed my sells earlier today and starting to look for buys now. DXY has been bullish the last couple days but it looks like it may be topping out. It is nearing the structure highs, 0.612 fib zone (from the weekly perspective) and a key level which I am expecting to resist for this idea. For DXY, keep an eye on 92.5 area and 92.665 area. EURUSD on the other hand is currently at a support level creating a double bottom pattern. If this area holds, we could see the price bounce up from here. Alternatively, the more likely scenario, further weakness could create a deeper pullback to the 0.786 fib zone where the support is much stronger and coinciding with multiple areas of confluence such as HTF bearish structure & LTF bullish structure support as well as a monthly key level support. As the current EURUSD structure appears to be a corrective structure of the HTF bullish structure, it could create an upward move to break the highs and extend as far as the -0.272 fib level. Invalidation: A daily candle close below 1.174 would invalidate this idea as I am expecting the bullish structure to support the price. Also note, I haven't analyzed the latest COT data to confirm if the data is in favor of this idea or not. Regardless, this trade could last several weeks. Let me know your thoughts. Trade Safe! HEET
Long
by AfterlifeTrading
2
USDCHF trade tonightNot sure why but this week, the more trades that end up in profit, the harder it gets on the psychology. So many times, I wanted to close this trade but I kept it open and it kept on going up as expected. In the end I did close it and it did continue an additional 10 pips. But I can't complain. I got some decent profits and getting close to my monthly target in the first week. I took this trade as a continuation trade. I also saw an ICI when it was consolidating. Although I took profits just above my 2nd TP, but at this rate, it will likely hit 3rd TP, which would have been close to the measured move of the ICI. Just be happy. Tomorrow is another day. Maybe I can reach my monthly target by the end of this week. And you want to know the worst of it. I was in an EU short from 1.20460 but got out with a slight profit 1 minute before the Powell speech. It was probably good to avoid risk and get out because it could have gone either way. But if I stayed in, it would have been another trade over 60 pips...
Long
by AfterlifeTrading
[Intraday Trade] EURUSD to downsideAlthough EU was looking bullish since last night, I have a feeling that it was just the expected pullback for the larger pattern. Now we can clearly see a new ICI pattern developed. We have that first nice impulse that I was expecting in my previous idea linked below. Price pulled back quite aggressively and settled around the .382 area and then had a fakeout/liquidity grab nearly to .5 fib. Right after, came back down as quickly as it went up near .382 where it is appears to be getting ready to start its descent. I was slow to react and missed the entry by seconds as the price was at the level when I was trying to enter the trade. I am hoping for one more pullback to 1.209 for my entry before it continues down. I've added potential targets from my original analysis as the first target is only for the current ICI, inside a larger pattern. Remember, price action is key and the most important thing to follow as things can change at any moment. Let me know your thoughts. Trade Safe! HEET ps. I generally post alot of updates as the idea/trade evolves. If you want to stay updated, please click the "Follow this idea" button.
Short
by AfterlifeTrading
2
[Intraday Trade] EURUSD to upsideI entered this trade on the pullback. Structure on lower timeframes looks to be solidifying. Hoping a little dollar weakness can trigger an impulse up. Looking at DXY, it looks like it is topping out and could come back down at any moment. Note, this is a high risk trade: - Entered without Price Action confirmation. - May see a larger pullback for London Open. My bias on DXY is still bearish and EU is still bullish, which is why I am so aggressive on this trade. I will exit this trade if I don't like the price action in a loss or if I meet my profit target. Let me know your thoughts. Trade Safe! HEET
Long
by AfterlifeTrading
4
EURUSD Bullish ForecastThis pair was analyzed with multi timeframe analysis and zooming out on EU, it looks quite bullish and I am forecasting further upside. Yes, I understand that we are at (and potentially rejected off) a critical resistance level but we are also in a corrective structure projecting a bigger move to the upside. While looking at DXY, we have the exact opposite, where we have a Bearish Structure currently consolidating for further downside. Some confluences to support this idea: Inverted Head & Shoulders pattern formed Counter-trend of Daily Bearish Structure with Break & Retest Daily Bullish Wick that should normally be filled Previous COT data shows an increase in longs. New data will need to be reviewed when released. Potential formation of weekly ICI pattern Potential formation of new Daily Bullish Structure The first step in order to validate this idea, will require a clean break above the resistance zone around 1.22. Let me know your thoughts. Trade Safe! HEET ps. I generally post alot of updates as the idea/trade evolves. If you want to stay updated, please click the "Follow this idea" button.
Long
by AfterlifeTrading
2