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Institutional

GBPJPY ThesisPrice has come to a sensitive zone right now where we may see sellers step in and take control of the market. The market has been moving in an ascending channel on the lower time frame which may result in buyers stepping in as they believe the market is now in an uptrend. however, basing my Bias on the Higher time frame i Believe the market was just correcting to come to our order block zone so the institutions can load up their sell positions at premium price where we can perhaps step into the market for a sell which we can get a very good RR ratio and a high probability the market will go in our favoured direction. -Good luck! - This is a speculative setup, not investment advice.
Short
by onzzfx
4
USDCAD ThesisWe can see that at the last zone of resistance price started showing bearish tendencies which attracted a lot of retail traders to step into the market with an attempt to push price down. Then a large Institutional candle was formed which trapped sellers into the market and took price above the level of resistance to grab the liquidity (STOP LOSSES) there and then the Large institutions saw this as an opportunity to sell at a better price and sold.As a result of the retail traders being stopped out for a sell last time this may encourage them to have a buy Bias on this pair and most likely have their Stop Losses at the equal lows which may now be targeted. I expect price now to go short from the 1hr OB and collect liquidity at the zones below. -Good luck! -Trading is a game of probabilities, manage risk to resume playing following day. - For more setups/ Trading gems check out my ig page at @Tradelikeo -This is a speculative setup, not investment advice.
Short
by onzzfx
EURCAD Thesis We can see that price is currently moving in a horizontal channel which then therefore tells us that we are currently in contraption phase which is the first phase of the market which is ranging. We do not want to be trading in the contraption phase so it is best that we sit on our hands till we see price clearly break one of the two zones we have outlined and then when it retests we can look for candlestick or price action patterns which will confirm to us that price is heading in our targeted direction which we can then get a nice entry in with a good Risk:Reward ratio and a high chance that price will go in our favour. Good luck! For more trading related content check out my Instagram @Tradelikeo P.S this is a Speculative setup, not investment advice
by onzzfx
GBPJPY Long ThesisPrice has currently broken above a major resistance zone and has been creating higher highs and higher lows which shows bullish momentum in the market. I may look to buy in the yellow zone after price confirms that it wants to go up with potential bullish candlestick patterns. In addition We can also see price is now above the Kumo cloud for confirmation which also indicates that there is more bull potential in the market targeting the last imbalance I have highlighted that is yet to be filled. I normally like to keep my charts clean however I have recently came across the Ichimoku indicator which helps taking the right trades with good entries and good exits. Good luck! -Always wait for confirmation... P.S this is a speculative setup, not investment advice.
Long
by onzzfx
4