NZDUSD BIASOn this pair, liquidity spotted at 61.8 fib level, looks like a trap for retailers. However, just below we can see an institutional candle sitting right there, thatll be where ill be look fo possible long opportunity, aligning with 71 fib level.
If you find this helpful, kindly drop a comment below. NOTE: This isnt a trade signal but for educational purpose.
Institutionallevels
EUR/GBP - Another textbook entry! Another textbook entry Long in EUR/GBP at 0.89512, utilising our multi-timeframe strategy, combined with Wyckoff and Institutional Order Flow!
We used a slightly wider stop loss on our original position of -10 pips, however as always with our 'advanced self-review' we establishe we could have refined our entry and actually executed this position at a better price, in turn tightening our stop loss to 5 pips. Our maximum dd was 3 pips.
1% Locked in with our Stops at Breakeven and remaining balance / position running at +3.41% (68.1pips).
OANDA:EURGBP
USDJPY short opportunity...ish?Price conveyed a strong downtrend, then it created a pennant, which is a continuation pattern.
And if you look at a greater picture, you'd see that price created lower lows, and it was far from reaching the previous high.
SL is crucial for this trade. Since it's a pre-market trade, the pips spread can widen at the start of the trading week. USDJPY's spread is currently sitting at 10 pips, which is why I moved my SL 10 pips further than intended.
As for the TP, then I first copied and pasted the vertical line that showed the height of the previous downtrend, matched it with the recent reversal pattern, and there goes my TP.
The lowest low that the price made recently kind of matches my TP zone.
Price hasn't tested any levels near that low yet, I think this is a potential Area of Liquidity.
So the market can be very tempted to reach that level, I'd be fine if it is my TP.
It's nighttime guys, I'll go to bed in just a sec, so bye!
EUR USD LONG OPPORTUNITYFrom what im seeing on eur usd, its possible for a restest of the lower level at 1.18350 before continuling upwards to my target at 1.18650~
Currently going to wait on market sentiment for final thoughts but im more on the long side until the 650 zone has been filled.
If you guys like the idea and i may post more frequently 🙂
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EURO/ USD POTENTIAL SHORT So, eur/usd has been quite a fool today, although profits were made, anyways, im assuming from the price hitting this top zone marked in my chart, u can see an untested candle just to the left on the hourly chart. Im expecting a drop from this high, placing a stop wherever your risk is comfortable above the resistance level, targeting all the way to the bottom untested price zone indicated by the large wick, its marked on my chart for reference (trend line)