Institutional_trading
XAUUSD MARKET OVERVIEWOn the 4 hour timeframe, Gold has been in a bullish trend, creating Higher Highs and Higher Lows. These Uptrends has been forming as a D leg completion of bearish Butterfly harmonic pattern.
Curently price is at a mini resistance creating liquidity just below the D leg of our pattern. Expecting liquidity to be grabbed, triggering entry of the harmonic and a drop from there.
CADJPY BUY IDEA - LOOKING TO MAKE A HIGHER HIGHUS:
CADJPY HAVE BEEN IN A BULLISH ENVIRONMENT FOR A WHILE AFTER A DRASTIC DROP.
DAILY LOWER HIGH HAVE BEEN MADE BUT WE ARE STILL WAITING FOR THE HIGHER HIGH, BECAUSE OF THAT IM LOOKING FOR A BUY PLAYING MITIGATION OF THE CANDLE THAT CLEAR SOME LIQUIDITY AND FILLED DAILY IMBALANCE.
BR:
CADJPY tem estado em assendencia a um tempo logo apps um despenco drastico, acredito queue um pullback e necessario para capturar liquidez.
Daily lower high for feita mas ainda estamos esperando pelo higher high, por isso estou de olho na compra.
Minha area de interesse se baseia numa area de mitigacao de uma vela institucional que capturou liquidez e fechou daiy imbalance.
GBP/USD - SHORT FROM 1.24600Descending Triple Top occurring on the 4HR Wedge (Entry - 1.24600).
Taking into account the Current Economic Situation and COVID-19, we at Sterling Capital FX belive the GBP is currently way Overvalued.
New Lows of 1.14 have been created on the Pound Sterling, things are projected to get worse with the Country on Lockdown so we can expect retests of 1.14 as the UK starts to slip into recession.
We Feel that Institutions will take Advantage of this Short Opportunity.
Entry - 1.24600
Stop - 1.24800
Target 1 - 1.22400 (230 Pips)
Target 2 - 1.20000 (475 Pips)
Target 3 - 1.14000 (1000 Pips)
Please be responsible for your own trade management, the above levels are take profits areas.
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Trade setup #GBPUSD M15Sterling has been bearish for 2 consecutive weeks now. Price has been to the lowest ever, taking out liquidity at all time lows. coming down to the M15 timeframe, it seen that price has broken through structure and a harmonic (shark) pattern is being formed. Looking at a price bounce at 88.6 fib level which congruent with the Cartel Candle and first D leg of the shark pattern.
i dont expect this to takeoff right now as we approaching the close of the week. this is just my bias on #GBPUSD.
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Update, Market overview #USDJPYA quick update on usdjpy trade idea dropped earlier.
First target reached at breaker block at 108.4 mark. now its obvious the market is currently in an uptrend. expecting price to head further up now to take out liwuidity at the new EqHs created. triggering short entry at 110.
#GBPUSD Institutional trading plus harmonic patternGBPUSD has had a bullish week, after doing a false breakout of frequently tested support level at 1.287 zone. Price went bullish afterwards towards 1.306 zone which is also a level tested multiple times, serving as resistance.
Expecting price to do a fake-out, triggering the D leg of a bearish Cypher pattern also aligning with imbalance fill. taking my entry at 1.3105 with a risk/reward ratio of about 2.5. taking profits at institutional fake-out candle (cartel candle) and entering for a long position to clear out liquidity at Equal highs.