Institutional_trading
Long EURAUDI've been holding this trade for quite some time now, but NOW price is definitely going up!
school.stockcharts.com
Price was conveying a Wyckoff model. Selling Climax, Secondary Tests, and Spring had already happened.
First I was waiting for another re-test, but price just created a bullish engulfing pattern, so another re-test is just unlikely
Alright, hope you like my analysis guys, and happy trading.
USDCAD just here to flexin' a winning tradeI first saw a priceline that market's been reacting to over and over again. This time, it seemed to act as a support line.
However, when I got in, I was lucky enough to already see that market grabbed liquidity from SL of trades going to against the support.
So, what time was it, guys? It's my time to win some pips of course.
When trying to move my TP, I saw an upper area of liquidity.
Price also reacted to that level several times, and I hoped to see that it happened again, and it did.
There was also a higher TP that I was considering, but after seeing the Area of Liquidity, I closed my trade as soon as price reached that level.
Made literally 69.420 pips on this currency today, guys.
Happy trading!
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:
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
CHFJPY | BEARISH SETUP|PRICE BROKE THE DAILY BULLISH TRENDLINE BUT HAD A BIG PUSH FROM THE DAILY DEMAND ZONE. IT IS SOMETHING THAT I WILL KEEP IN MIND SINCE WE WERE IN A BULLISH TREND. I MIGHT LOOK AT A SELL OPPORTUNITY AT THE SUPPLY ZONE SINCE IT WOULD ALSO BE A BREAK & RETEST OF THE PREVIOUS TRENDLINE
EURUSD Buy aiming a pull back with the potential to create a higAfter a bearish NY session, EU consolidated throughout the entire asian session, therefore creating a lot of liquidity. Right below liquidity we have the major 1.18000 level in confluence with an imbalance, institutional candle and last point of supply.
I would be taking this trade if It approaches this area between today's London/NY and tomorrows London.
Couple confluences that make this set up look good!
However, worth mentioning that we do have some liquidity still sitting below and market could go for a deeper retracement, because of that I'm going with less risk in that trade.
BTCUSD POSSIBLE BUY FOR THE LONDON SESSION TONIGHT Im watching price action and im noticing how the market has been dropping recently this week. It could be to induce sellers and take off tomorrow for the FOMC meeting. I like how the market has a 4hr Order block after taking out old lows there is an order block. Also try using the fibs from low to high and you will see that the 4hr Order block is in a great area for a buy.
SmartMoney Trading - Advanced Setups and Recap of Previous VideoIn this video, we take a look at our Wednesday U.S Close system. But also look into how you
can trade retail pattern with the SmartMoney. And how you can take advantage of retail
volume to trade more risk, but mosty very profitable trades (Joining The Bank Moves)
GBPNZD - POSSIBLE SWING ULTIMATELY FOR THE LONG TERM I DO SEE THIS PAIR GOING BULLISH HOWEVER
SHOULD PRICE STAY BELOW OUR KEY LEVELS WE WILL LOOK TO POSSIBLY SELL
PRICE BACK DOWN TO THE GAPS AND LIQUIDITY AREAS THAT BANKS MAY LOOK TO FILL
WE WLL BE PATIENT AND WAIT FOR PRICE TO REACT AT THESE LEVELS AND WILL
EXECUTE BASED ON PRICE ACTION
WHAT ARE YOUR THOUGHTS?