Will EURUSD Drop Again ?I see EURUSD in the 1.08172-1.07836 area, there is a base area (DBD), as a supply area for UERUSD, and there is an EMA 200, with the trend formed by EURUSD being a downtrend, based on the above it is very realistic to determine a SELL plan in the Supply area with SL above the supply zone and TP 2R is very possible to achieve.
Hopefully I'm right and luck comes my way.
Note: this idea is not a recommendation for making your trading decisions. All losses and profits are not our responsibility. Happy Trading keep safe.
Institutionaltrading
DXY Dollar Index Bullish Continuation Scaling into 1H timeframes for possible intra-day trades for Monday - Tuesday...
We've been in a healthy uptrend creating Higher Highs and Higher Lows.
No signs or breaks of structure to switch sides and look for sells.
2 areas i'm looking for potential entries on correlating pairs such as GBPUSD & EURUSD
GBPUSD Sell Trade Sept 20,2023Daily Structure is Bullish, but I noticed a shift because of supply 1.31073.
Upon checking the timeframes from daily to 1H.
I see continuous creating of new supply.
I wait for Drop Base Drop formation and focus on IC that will be created,
2H POI conclude that I will have a trade this week. I refine it to 1h and 15 minutes distribution.
validity--> 2h ---> confluence--> 1h-30min-15min (proof and entry)
Check the charts for more information.
RR: 1:9
GBPJPY SELL Trade Aug 3 2023Distribution Schematics ---> valid from Daily to 15 min TIMEFRAME.
I wait for manipulation of HIGH since it has a valid structure on daily TF followed by IMB from 1h to 15min .
After manipulations of High , It tap into the IMB then continue going lower.
RR: 1:14
a great trade to end the week .
See attached chart for more detailed entry and setup.
GBPUSD Wyckoff Short trade June 28 2023GBPUSD - Sell side structure (introducing supply and manipulating highs)
i wait for validity of distribution (1h---4H---daily TF)
after that---> checking of london session for manipulation observing a BOS at 5min and 15 min structure points.
a clear rejection of OB at 5min chart (look at the reference drawing)
entry at 5min and targeting 1H demand zone.
RR: 1:10
GBP/USD 4hr time frame analysisHello traders, welcome back to another market breakdown..
4HR broke structure to the upside and now we patiently waiting for the pull back to DEMAND ZONE
When price touch our ZONE then we go to the lower time looking for CHOCH confirmation
Soon our confirmation is noticed, We will wait for price pull back again to our demand zone that cause choch
be safe and use risk managment all the time when you trading !!!