Weekend Analysis + Market Re-cap Looking at some good trades i took on AUDJPY this past week
Also breaking down some of the pairs in which I am looking for some possible trend continuations or trend reversals based on the market structure that presents itself.
Any questions on the analysis please do let me know via a comment or message.
Take Care
Ben
Institutionallevels
Smart Money LONG | AUDCAD Looking at the structure we have formed at a Daily POI
With the descending kind of nature towards that level, we now have a break of major structure suggesting that price could be about to turn around and move to the upside.
Waiting for some sort of lower timeframe structure to form in order to get in on this position, so we shall have to wait and see how it plays out.
Any questions please feel free to ask in the comments or via a message
Thank you
Take Care
Ben
GBPCHF UpdateUpdate on GBPCHF:
Price created highs into our supply zone
8/10
Price created a low right below the supply zone around the 1.27500 ana made a return back to our supply zone
8/11
Price came to equal highs from monday and created a wick and began to drop.
From here we would like to see price drop to the 800 level and close below it. The 800 level is also located inside the "Golden Zone" of the Fibonacci retracement tool, which can be used as confluence for our sell.
When inside the supply zone we are entering the market with a "Sells ONLY" mindset. We are looking for our best possible entry within the supply zone to hold this trade back to the demand zone (Which would be the perfect setup).
SL above wicks at previous highs which would be 10~15pips. Our overall target is 180~200 pips.
Refer to previous analysis for more details.
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I trade basic supply and demand in combination with price action, quarters theory and psychological levels in the markets. If you have any questions, please let me know.
#WakeUpInProfit
GBPCHF Sell IdeaGBPCHF has hit a Supply zone at the 1.28000 level, if price respects this level we expect sellers to push price back to the demand zone between 1.27500 and 1.25500.
As of 12am New York Time (11pm central) price is currently consolidating below the supply zone.
It found support at 1.27500 which started the ranging of price.
-Entry Criteria
Price Leaves Supply Zone and rejects area
Break and Retest of Supply Zone
Candle Close below 1.27500
-Things that we want to see
Buying Volume decreasing
Engulfing candle that takes out our area of interest @ the 1.27500 level.
Price return to the demand zone.
-Things that may happen along the way
Price may find resistance at the 1.27000 level.
Here we may see consolidation followed by a return to the supply zone
or
Selling pressure will push through this level and we will aim toward 1.26500 as our TP2 and trail our stop.
Ultimately we are risking 11 pips on this trade in an attempt to ride this move from 1.27500 to 1.26000 for a total of 180 pips
From our entry to our target our Risk to Reward is 16:1.
$SRGA Long.I am long $SRGA at $1.65. Target $2.20 pivot
Lots of insider buying. Institutional ownership way up and transactions backing it up. Long term trend reversal attempting to hold and continue. Made a very nice bounce intraday Friday and looks ready to make a move higher.
Stop loss = $1.57
Target price = $2.20
Goodluck! 🤙
Follow me on ST @OneTwoThree_
Grayscale Launches LINK Trust! $150 PT March Month-EndRaising my PT on LINK to $150 by March month end.
Grayscale could not have timed this better considering that nearly everyone is receiving their $1400 stimulus check in the mail this week - this could lead to unprecedented demand from both the institutions who will now front-run Grayscale and from retail.
This is the beginning of institutional demand for LINK - buying now offers you extreme upside before the large move ahead. LINK is the most fundamentally undervalued project in the crypto space. LINK is the MOST adopted and used project and yet its price doesn't reflect the network adoption... should be worth north of $300 today.
09/03/2020 LONDON OPENGOOD MORNING EVERYONE! 2nd day of the trading week, If you know you trading. You should already know what the middle of the week tends to bring us. Going over last night's market direction and seeing where the markets could potentially go today. Going over the EURNZD trade I called out last night. We could see this morning that is stayed within our range. With a number of targets to the downside, giving us more confidence to snipe this trade. Like I said in the video, these videos are just how I mark up and how I think when looking at the markets. If you want any tutorial vids on anything to do with intuitional trading. Leave it in the comments and I'll get right on it for you. Happy Tuesday everyone have a blessed week!
02/03/2020 LONDON OPEN2nd day of the week, after letting the markets set position for the week, its presented up with some set ups that meet our confirmations. The one I have placed is EURNZD . Risking 2% for 10%. Remember I'm not a financial advisor and I solely upload these videos. To look back on for growth and development purposes. But i also feel like people could learn a lot from them.. Happy Tuesday people... go bag them PIPS !!