EurJpy BUYHi guys! I'm here again to show you my weekly analysis
This time I analyze EURJPY pair
The pair is in bullish condition in higher time frame
a lot of liquidity seating below the bullish trend line
My bias for tonight it will go up to grab retail traders Buy stop and stop losses
then will go bearish down to W pattern
will try to keep you updated
more analysis coming
please comment down below if you have some questions or concern
*this is not a financial advised BEWARE
Marketmakermethod
XAUUSD net short positionas long as we stay below 1900-1910 i will remain net short on GOLD (XAUUSD) we are due for a retrace back into the 1700 price but with news coming up we will need to really rely on volume inflow, with that being said using a 100 pip stock for a 4:1 swing for me is good RR i will risk 2% on this and will scale in if i see fit, keep in mind even when news comes up market makers can load up net short by running stops to the upside and then pulling the rug causing prices to drop fast and leave long buyers at the highs, most retail tend to trade small time frames, if you want to win more than you lose look at a daily or weekly chart, determine its direction, then whether you are trading the 5m, 15m, 30m 1h, 4h you choose to ONLY take positions in that trend, if a weekly is bearish for example, no matter what time frame you trade the down moves will always be bigger than the up moves which are only considered retraces into the liquidity pools for the market makers to fill orders.
XAUUSDD (GOLD) : Trapped sellers below a liquidity zone (Buy!)Sellers were trapped in the recent uptrend in XAUUSD. Just above them, is a liquidity pocket which was recently taken out.
When price reaches these trapped sellers, they'll love to exit their loss making position - (hopefully) giving a beautiful long trade