Institutionallevels
GBPCHF short ideaGBPCHF trading around the top of a range. Demand zone to the left on the 1h and daily tf. Previous RSI divergence shows trend is weakening. Entry on round number 1.22000. 25 pip stop 75 pip tp 1:3 R:R
GBP/AUD Institutional TradingHello everyone!
I am sharing this possible next trend for the British Pound against the Australian Dollar.
We observe that there are many zones were liquidity has not been taken yet (at the bottom of
the wicks market with € ), while many of them were hit ( x ). This is why institution are probable to point towards that liquidity pool
in order to gain from other retailers stop losses.
Analysis were performed on the smaller timeframes as well.
Personally I am aiming for at least 3 clear entries as I reported on the charts with a very little stop loss .
Since we do not have all the tools that big institution have I advise you not to jump as soon in the trade, but wait indeed for confirmations .
FX:GBPAUD
GBPNZD SHORTLooking to go short on GBPNZD lot of confluence on the trade
1) Sitting on my institutional level 1.9150
2) Making a trendline rule i use in taking trade
3)The market is in overall downtrend
But i am still waiting for candlesticks formation to hop on this if there is no candlestick confirmation then am not taking the trade
EURNZD LONGI will be keeping an eye out for a retest at 1.69750 to go long on EURNZD and ride it up to 1.7100
Gold longwe can clearly see gold is still very bearish so i expect price to drop to 1800 institutional level and then i would be interested to see how price react before i go for a long drop a comment if you agree
AUDJPY ANALYSISWill be keeping an eye on AUDJPY also if price get to my first support and touches that trend and gives some good rejection then i will be looking to go but if it breaks that support then i will be looking out for the next support 78.75 as another point to go long on AUDJPY
USDCAD Next movehere is my bias on this pair, looking at entry at mitigation point of CC after liquidity been grabbed.
Share your thoughts below...
ShortHave been watching this trade actively but due to the Brexit news that why have Been staying away from all Gbp pairs anyways next year I would be looking for a short/sell opportunity on this pair.
Let me know in the comments section if you are opposing my opinion
Potential trade setup: USD/CAD analysisPrice retraced to the expected region, awaiting for spikes towards the highlighted region for potential short entries. the 1.3450 zone is a key 61.8% retracement region with the counter trendline acting as additional confluence, price is currently trading within a 4HR consolidation box if the candle closes below to the downside, then we can expect the price to show further momentum to the downside.
EURGBP Long Trade Idea EURGBP has changed direction on the daily so we are looking for higher prices.
GbpUsd Reversal Idea - Sell to Buy Long TermThis is just an idea of where GbpUsd might be going, It created a HH on the weekly time frame, should be following with a retracement to head higher later on probably during the new year.
GBPJPY KEY LEVEL + WAITING ZONESGBPJPY KEY LEVEL + WAITING ZONES. Entry areas are in the grey zones depending on which way momentum is going
USDCHF | Closing the Weekend Gap|I expect USDCHF to close the Weekend Gap Soon. I also plan to hold that trade for a longer period of time. On the Daily, this setup will try to catch the fifth impulse wave. Wave 1 to 4 already completed in my opinion. Also, the price made a complete 3 waves corrective cycle = Retracement Completed.
Two probable scenarios:
1. The price retraces to the origin of the impulsive wave (Demand Zone) and continues it's way up. (Be aware of the weekend gap (Trouble area)
2. The price goes as far as the weekend gap before retracing to the origin of that impulsive wave.
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
