Institutional
GBPCAD BULLISH TRENDHI, I THINK THAT GBP/CAD COULD BE HEADED TOWARD THE UPSIDE. THE PRICE IS OVEREXTENDED TO THE DOWNSIDE = RETRACEMENT/BULLISH TREND START. THE CANADIAN DOLLAR IS ALSO PRETTY WEAK SINCE THE BEGINNING OF JULY & I THINK THAT THE BRITISH POUND WILL REGAIN POWER THIS WEEK. THE H12 DEMAND ZONE IS ALSO LOCATED ABOVE A STRONG DAILY SUPPORT, THAT'S WHY I THINK TO WE COULD SEE A NICE MOVE TO THE UPSIDE FOR THAT PAIR. ON THE COMMITMENTS OF TRADERS REPORT, INSTITUTION ARE LONG ON GBP & SHORT ON CAD.
CORBEAU
XAU/USD LONGPrice is pulling back to a 15 minute order block (refined to 5 minute). I am looking for price to retrace and go long to fill previous imbalance marked as the outlined box. I then used fib golden zone to add extra confluence.
This is my first time trading XAU/USD so we'll see how it goes!
Xau/usd gold longPrice is pulling back to a 15 minute order block (also refined to 5 minute). I am then looking for price to retrace and fill in imbalance marked up as the outlined square. I also used fib (golden zone) for extra confluence.
I am not usually a gold trader this is my firdt ever gold markup so we'll see how it goes!
GbpAud Long IdeaLooks really good, has all confirmations. Let's see.
Entries of Lower Time Frames for small stop loss.
EURUSD Long IdeaEU Looks to be approaching this area of liquidty (Support Zone). We are looking for it breaking this area to grab liquidty and hit this money block (Sniper zone).
CADJPY| BEARISH |COUNTER-TREND IDEAHI EVERYONE, I'VE BEEN LOOKING AT THE CANADIAN DOLLAR / JAPANESE YEN SINCE THE BEGINNING OF THIS WEEK. I THINK THE PRICE WOULD BE HEADED TO THE DOWNSIDE. ON THE COMMITMENTS OF TRADERS REPORT, INSTITUTIONS ARE SHORT ON THE CANADIAN DOLLAR AND LONG ON THE JAPANESE YEN. I EXPECT A FURTHER PUSH TO THE UPSIDE TO GRAB THE STOP-LOSS THAT ARE ABOVE THE TWO EQUAL HIGHS. THE PRICE IS ALSO INSIDE A H4 SUPPLY ZONE.
AUDUSD | CORRECTION/COUNTER-TREND |HI, I AM STILL BULLISH ON AUD/USD BUT I THINK THAT THE PRICE IS OVEREXTENDED. IF THE PRICE MANAGE TO BREAK THE DEMAND ZONE (IN BLUE). I EXPECT THE CORRECTION TO GO TO THE 0.618 RETRACEMENT FROM THE LAST BULLISH IMPULSE WAVE.
CORBEAU
GBPUSD SHORTDo you agree with these setups? Drop me a message with any improvements or alternative ideas you can offer.
EURCAD BULLISH TREND CONTINUATIONHI TRADERS HOPE YOU ARE DOING WELL. THIS A BULLISH TREND CONTINUATION SETUP FOR THE EURO CANADIAN DOLLAR.
FUNDAMENTAL BIAS:
.WHEN WE LOOK AT THE COMMITMENTS OF TRADERS REPORT THE INSTITUTIONS ARE SHORT ON CANADIAN DOLLAR & LONG ON EURO
TECHNICAL BIAS:
.THE PRICE MADE A FULL CYCLE OF 5 WAVES --> END OF THE BEARISH CYCLE
PRICE ENTRY ZONE:
.TWO DEMANDS ZONES LOCATED AT THE LOW OF THE SUPPLY AND DEMAND CURVE
.THE FIRST ZONE IS AT 61.8 FIBONACCI RETRACEMENT
.THE SECOND ZONE IS LOCATED AT THE BASE OF THE LAST BULLISH IMPULSE WAVE
WARNING:
.THE PRICE DIDN'T CREATED A HIGHER HIGH
.THE PRICE NEVER BROKE OUT OF HIS BEARISH CHANNEL
.PRICE ONLY RETRACED TO THE 50% RETRACEMENT FIBONACCI FROM LAST DAILY TIMEFRAME IMPULSE
THIS COULD BE A NICE SETUP, BUT IT WOULDN'T BE AN A+ SETUP. I WILL LIKELY WAIT FOR THE CREATION OF A HIGHER HIGH BEFORE TAKING THIS TRADE.
CORBEAU
CADJPY | END OF CONSOLIDATION |BULLISH IMPULSE ON THE WAY ?LAST WEEK WAS PRETTY BORING FOR CANADIAN DOLLARD /JAPENESE YEN. WE WERE IN A CONSOLIDATION PHASE. MY BIAS FOR THIS PAIR IS THE SAME AS LAST WEEK I AM STILL BULLISH ON THIS PAIR. TONIGHT, WE SAW A STRONG PUSH FROM THE BULLS AT THE MARKET'S OPENING, WHERE WE BROKE THE PREVIOUS WEEK HIGH. IF I SEE A NICE PRICE ACTION CONFIRMATION IN THE M15 DEMAND ZONE, I WILL TAKE BUY AT THAT ZONE THAT ORIGINATED THE BULLISH IMPULSE, WITH A TP AT 81.000.
**HOWEVER, IT COULD ALSO BE A BULLISH TRAP, WHERE THE PRICE PUSH THROUGH LAST WEEK HIGH TO INDUCE BUYERS AND TAKE OUT LIQUIDITY. BE AWARE**
NICE TRADING WEEK TO Y'ALL
PREVIOUS WEEK IDEA:
GBP/JPY AnalysisGBP/JPY cleared the Daily liquidity level and made a friday reversal.
After an extended move to the upside on GJ we can now assume that we are going down for at least a week, together with a recovery on the DXY.
Fundamentally its tough to say if the DXY is going to recover this week, but thats what I am looking for anyways, till it proves me wrong (which can happen very quickly)
GBPUSD BUYING OPP Institutional tradingExpecting the continuation of bullish momentum in GU.
Looking for a 88.6% Retracement, Inside that Imbalance marked by Dashed line.
Not setting a limit because area of interest do not show a lot of liquidity still sitting there... so i'll wait for a reacumulation and break of structe in the 5 or 1 minute.
AUDNZD REAL DEAL OR TRAP ? BEARISH REVERSALHI HOPE YOU ARE DOING WELL ! I JJST SAW THIS MAYBE DOUBLE TOP FORMING ON THE H1 (MORE VISIBLE ON M15) AT THE PREVIOUS SWING HIGH. THERE IS ALSO A BEARISH DIVERGENCE. HOWEVER, IT SEEMS TOO GOOD TO BE TRUE AND I WOULD BE AWARE BEFORE TAKING THIS TRADE. AS WE ALL KNOW THERE ARE A LOT OF STOP-LOSS = LIQUIDITY ABOVE RECENT HIGHS SO I WOULDN'T BE SURPRISE TO SEE A STRONG PUSH TO THE UPSIDE TO TAKE OUT THIS LIQUIDITY ZONE AND THEN A BEARISH IMPULSE TO THE DOWNSIDE. OR IT COULD JUST BREAK THE NECKLINE OF THE DOUBLE AND CREATE AN IMPULSIVE BEARISH WAVE
