A Nice Short AgainIn short, the price has broken the daily trendline and after hitting support in the daily, it just came in contact with a significant resistance to overcome which in the best-case scenario, it wasn't able to break, good chance it will travel down after grabbing the liquidity it needs to respect the rising wedge.
Never risk more than 0.5% risk on this, and stop-loss to entry once we see the price halfway to our TP.
AIm for a good RR and let's make 10% this week.
Institutional_trading
4/20Smhh. Honestly the first LP (less profitable) trade that ive had so far in this sample set. Looking at my broker I was stopped out by 0.2 pips 😭Sad case. But anyways the execution of this trade was poor. I definitely identify the reason being that I was very tired and 🥵. New rule now being implemented which is that if I dont feel like publishing the idea after executing then I am not in the right state to be trading. I also accidentally over leveraged which never happens wow I was not in a state to be trading😂Risk was like 1%. Other than that the opportunity and RRR were there but id say it was not a SSS (super sexy setup). Id not be overly affected by this trade if it was not for the miscalculated loss TBH. ONTO THE NEXT !
Will the institution bear GBPNZD ?The Institutions have entered the trade at 1.91790 , 1.94230 and 1.95470. After a successful bullish swing trade they will start planning to exit the trade at a good price around 1.97650.
Now the institutions will re-enter as a bearish trade . Bearish movement confirmed at 1.96730 after it broke the bullish trendline.
I have entered the trade at 1.96881 as a swing trade and will exit around 1.91790 and I will add more short positions along the way after a bullish correction.
Fundamentals :
NZD :
- bullish data ( retail sales ex autos rose to 6.8 % from 4.8 % / retail sales rose to 2.5 % from - 2.7 % ).
- Important release date will be held this Wednesday '' RBNZ Interest Rate Decision '' , If the RBNZ is hawkish about the inflationary outlook of the economy and rises the
interest rates it is positive / bullish, for the NZD.
GBP :
- No data this week.
Technical :
- Start of bearish movement at 76.8 % Fibo at 1.96955 .
- Fibo 61.8 % exit trade at 1.92108.
- Important support levels 1.96165 , 1.95290 and 1.94220
Expecting EURUSD to grab some liquidity before next rally. Based on studies of Wyckoff price action/cycles, Mentfx (YT) order blocks concepts, and ICT (YT) institutional price action concepts.
My speculation for this week is the USD continuing to fall, thus boosting the the EUR. But, smart money needs to fill some recent inefficiencies first. I'll be looking for a fake trend break at of before Wednesdays NY open/London Close to accomplish this, wipe out long stops and collect liquidity before next rally through the end of the week.
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21/04/2021 London OpenAnalysing the financial markets for opportunities in the London session. First of I'd like to say I'm not a financial advisor so please of you're going to copy my trades please do so at your own risk.
Scanning through the markets this morning and going through our confirmations, we have noticed a few trades but stand out. But one in particular is GBPCAD. Meeting all of our confirmations which we look for when taking a set up.
I then went across to ForexFactory.com To see what upcoming news we have for the day and something that caught my eye was. Up coming CAD news at 3:00 and 4:00pm UK time. So with this I'm hoping that, it will stay in our range come down to activate our pending buy limit. Then with the news it will give us a big push to the upside to capture our target of liquidity. There's a few things I'm looking at this morning but this one stands out the most to me. I'll be back at 12:00pm UK time for the NEWYORK session. See how the trade is getting on, whether another trade is looking cleaner to take and market direction for the rest of the day. Enjoy your morning people :)
275 pips EUR/USD swing tradingThis idea I made is based of smart money concepts. There seem to be several confirmations that this trade will go as planned. News affecting the price of the USD is going to be released on Monday too, which is expected to be good for USD. This reinforces this trade as the USD being stronger will make the EUR/USD pair go down in price in a faster amount of time. I will probably hold onto this trade until maximum early May.
Stop loss - 52.7 pips
TP1 - 113.4 pips
TP2 - 275 pips
275 pips EUR/USD swing tradingThis idea I made is based of smart money concepts. There seem to be several confirmations that this trade will go as planned. News affecting the price of the USD is going to be released on Monday too, which is expected to be good for USD. This reinforces this trade as the USD being stronger will make the EUR/USD pair go down in price in a faster amount of time. I will probably hold onto this trade until maximum early May.
STOP LOSS - 31 pips
TP1 - 150 pips
TP2 - 275 pips
USD/CHF buy based on institutional candlesOn the 4hr and 1hr chart, we see that the previous high was an order block (evident by the high volume). Order blocks by definition end up getting filled to create a fair price for buyers and sellers (in this case sellers) to get back in the market.
The stop loss is set underneath the previous support. It doesn't sit on the support because the high volume on Monday may cause it to dip below because of the orders being placed on the weekend.
TP1 is set above the previous resistance. 50% of the position should be closed at that point. TP2 is halfway through the order block (which is where most orders would lie).