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Institutional_trading

Market Overview #eurusd EurUsd has had a 2 consecutive weeks of bullishness, price breaking through some major levels of structures without a proper retest. The current level which was currently broken 1.123 zone which is the highest it has been since late 2019. Price triggered an order block at 1.125 which gave a fake-out of the 1.123 mark, taking out stop orders or retailers. I'm expecting price to cool off, break back into structure with a retest of 1.123 mark, would take a short entry to 1.091 zone where price failed to do a retest of cartel candle which would as well give an inverse heads and shoulder pattern, then i'll be looking to take a long position at that entry back to equal highs.
Long
by the_pipcartel
🔔 GBPCAD LONG-TERM SHORTOn the weekly timeframe, we can see the weekly IC level had attacked the previous high made in April. This gives me a reason to believe there was some sort of manipulation play and therefore the price may magnetize towards this region to satisfy that IC level. However, price may ignore that level for now as there is another set-up playing out in the 4HR timeframe whereby price is creating a bullish corrective wave that is estimated to lead to the 50% of our IC level which is our Optimal Point of Entry (O.P.E). This is a long-term swing trade so the reward is between 1000-2000 pips.
Short
by OnyxTradeHouse
🔔 USDJPY LONG-TERM SHORT We have an IC point at the top of the swing right above an Imbalance in the market where I would like to see price close the gap in the market which is highly anticipated. A move upwards to 111.960 (our O.P.E) will mean a move into the 978-886 fib region which is a region of high reversal. This set-up may work or we could potentially see price drive higher to our 11.850 IC level to satisfy that candle. If this set-up is successful, we would have a 30 pip risk for a potential 860 pip swing to our -0.27 golden profit level; 1:28 risk/reward ratio.
Short
by OnyxTradeHouse
1
🔔 EURNZD 🔔 EURNZD Speaking from a weekly perspective I am overall bullish for EURNZD as we have a 900 pip retracement to fulfill for the previous bearish impulse. Price has created three distinctive higher lows and I would like to see this move Euro strength push this pair to the upside. In the meantime, there is a smaller set-up playing out in the lower timeframe, and that is these three drive up towards a potential Institutional region where I would look to short price to 1.6700. I have reason to believe that price will be magnetized to the downside in the short term to fill the gap in the imbalance and to satisfy the IC region before making its bullish wave. The short consists of a 30 pip risk and a potential 250 pip reward with a 1:8 r/r; the long consists of a 40 pip risk and a potential 850+ pip reward (long-term swing), with a 1:21 r/r.
by OnyxTradeHouse
Psychological Levels are Easy Market's to Trade! (+400 pips)It's pretty straight forward here, with a 3rd rejection imminent of a key level and psychological level (1), we can use this to our advantage by placing a sell-limit at the rejected daily price of 1 with tight stops. Using this technique may result in being stop hunted (as you see the second test spiked a 4th time), however the 3rd drive into the key level statistically negates his probability severely, making the risk worth the reward. As you can see, the RR in this REAL trade I took was unreal. It was nonetheless, a great example of how to play around with key levels especially concerning the historical significance of this kley level for USD/CHF which will require you to do some backtesting to see (the relevance of 1's backtesting played a factor into my confidence factor while executing). Support and resistance levels are one of the most important technical factors in trading. “Key levels” are certain prices for a currency pair which may support the price below the current market level or a price which may resist above the current market level. Support acts as a floor and resistance acts as a ceiling, both of which are “barriers of price.” Send me a PM for questions, or comment below. I'm happy to help those that are eager to learn how easy this market is to trade if you can see it in a certain detail.
by TayFx
13