Imarketslive
EURAUD PRICE TRAP 1HR tfEURAUD Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.54042
TP1: 1.54302 (26 pips)
TP2: 1.54652 (61 pips)
TP3: 1.55163 (112 pips)
TP4: 1.55964 (192 pips)
SL: 1.53733 (31 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.53485
TP1: 1.53228 (26 pips)
TP2: 1.53021 (46 pips)
TP3: 1.52853 (63 pips)
SL: 1.53835 (35 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
GBPJPY PRICE TRAP 1HR tfGBPJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 148.188
TP1: 148.436 (25 pips)
TP2: 148.621 (44 pips)
SL: 147.883 (30 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 147.427
TP1: 147.152 (27 pips)
TP2: 146.882 (54 pips)
TP3: 146.611 (81 pips)
SL: 147.737 (31 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
USDCAD | BREAKOUT SUCCESSFULTaking another look at FX:USDCAD , we see we had a successful breakout back toward the beginning of March. Following the first part of this read, you'd be sitting up about 4% at time of update.
Looking at the currency's is always interesting especially at a time like this. I hope everyone is healthy and safe.
Bless Up
DotcomJack (Easy Loot Member)
USDCAD played out as expectedVia my last post & analysis on UCAD, everything played out as expected. Caught the buy off of the daily support level.. alllll the way to our key level (purple) then caught the overall sell opportunity back down to out daily support line (green line). Accurateeeeeee. All we see is blues babyyyyyy! $$$$$
GBP/NZD - What The Play Is Looking Like At the moment, price has broken a flag and is either gonna fall right now, OR go up and test 1.930 Resistance and then either reject for a sell entry or break resistance and bounce for a buy entry, if it breaks, it will ride all the way because on daily FIB the bulls are just starting and this is gonna go to the moon
Consolidation = ManipulationBanks are back at it again with yet ANOTHER manipulation scheme. We aren't missing this one though. we made it through the sweep/spring phase, and now we just wait for the retest and confirmation. Risk carefully, boys!
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GBPAUD Macro H&S and Distribution Phase EndFrom my point of view, GBPAUD may be at the end of a distribution phase, having completed a H&S pattern. I see the beginning of the markdown phase just around the corner. The best scenario would be for it to make another lower low, breaking the support, retesting it, and then dumping the price.