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Institutional_trading

EURNZD | Last Impulse to the Upside|HI, THIS IS MY POINT OF VIEW ON EURNZD, THE PRICE IS CURRENTLY ON A BULLISH CYCLE ON INTRADAY TIMEFRAMES & ON THE DAILY TIMEFRAME. HOWEVER, I DON'T SEE EURNZD MAKING A NEW HIGH IN A NEAR FUTURE (TOO MUCH BEARISHNESS AT THE TOP). THIS WILL MOSTLY BE AN INTRADAY SETUP THAT WILL TRY TO CATCH THE FIFTH AND LAST WAVE OF THIS CYCLE. THE PRICE ALREADY MADE THE FIRST 3 AND IS CURRENTLY DOING THE FOURTH (CORRECTIVE WAVE). ENTRY ZONE: I AM REALLY HIGH ON THE TRIPLE CONFLUENCE THAT CAN BE FOUND INSIDE THE H1 DEMAND ZONE. 1. H1 DEMAND ZONE 2. 0.618 FIBONACCI CONFLUENCE 3. 1.77500 PSYCHOLOGICAL LEVEL I DON'T USUALLY TAKE A TRENDLINE AS CONFLUENCE, BUT IF YOU TRADE WITH IT HERE IS THE FOURTH CONFLUENCE TAKE-PROFIT: THE DAILY SUPPLY ZONE WOULD BE A NICE ZONE TO TAKE PROFIT IF LIKE ME YOU DON'T EXPECT THE CREATION OF A NEW DAILY HIGH
Long
by Corbeau_FX
GBPUSD NEXT SESSION IDEAS (Long)Whats up you guys, sorry i havent posted in a couple days, ive been dealing with personal issues. Anyways, hope everyone who follows me enjoyed that much needed weekend. Without further a due, lets take a look at this market analysis that i have drawn up this morning... So, as we can see from Sunday's market moves, price was able to push up from the previous area of the 300's. we are currently in the 700's and i was able to scalp a long order after the break of the first level, which was acting as a resistance before it was broke. Currently i am looking for longs more than i am for shorts and this is the case because our commanding trend is upwards since we had strong bullish movement around the london session. I have 2 possible scenarios in place, and of course im leaning towards price pushing up and continuing this momentum, but we cant ignore the fact that a reversal could take place as often as they can happen. Regardless of that, i am currently waiting on a pull back/ retest of that previous resistance at 669. after i see a retest and a push back up, i will enter another long looking to take out the target around 979, so from lets say 700 to 979, we are looking to around 270 pips depending if you hold for the entirety of the trade. Use correct risk management and trade safe snipers
Long
by fastboiijd
GBP USD PRE NY SESSION ANALYSIS (SHORT)Ok so from what I am seeing, it looks as we will be going short for the beginning of the week. Ill explain below: as we saw last week, gbp tested the upper resistance multiple times and has gotten rejected each of those times. For a short position, i need to see gbp hit the top resistance once more and get rejected, obviously waiting for confirmations from the candle sticks. Price action is all you need to pay attention to. But indicator wise, the stochiastic on the 15M chart is oversold so there could be a short to scalp pretty soo. HOWEVER, if we break past that top resistance, i want to see a break and a retest of the top level, and i will have no problem going long. If you guys found this idea useful go ahead and like it so i know to make more. Trade safe yall, i will be posting more soon
Short
by fastboiijd
GBPUSD NEXT SESSION IDEAS (Long)Ok so gbp was acting up today not gonna lie, but thats ok ,we gonna make our pips regardless. My idea is more on the long side although i have a set up for either side; heres why: ] - Had a massive push upwards this morning - Price is being supported at the lower level i have marked - Price has been stubborn to go down today, yet when it moves up it shoots up - MACD and Stochiastics are nearing confirmation zones if not hit already (crossover on MACD lower level, and Stochiastic in oversold conditions down below. I would like to see price bounce from that bottom level to the target i have place above, however if price breaks this support, we can safely assume the move will only continue downwards since we are at relatively high price for this short term period
Long
by fastboiijd