4H Corrective approach towards entry zone. = Sell limit Bearish W pattern also there as extra evidence. 1% risk.
Potential USD/JPY Setup to go long once we have the pullback on the demand area of the analysis. Targeting the liquidity pool above, lots of upside potential.
UP, KEEP (Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
UP, SL 1464.5 (Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
DOWN, SL 4226 (Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
Overall, it's a bearish downtrend for the 1H timeframe. Price can be seen being rejected with beautiful price action in the 5 mins candles, conservative traders can wait for another confirmation with Stop Loss above the new resistance. Please seek further confirmation in the lower timeframe. No more than 0.5% risk per trade, control risk management very strictly.
Smart money took out the equal lows and captured a tonne of liquidity from retail traders on 26/5 which led to a strong bearish move down, the target ? was to mitigate orders thatchy were in drawdown in from old contracts, after mitigating and filling in the imbalance of price action created on 9/3/2020, Smart money then commenced instigated reversal (as...
USDJPY does not seem to be correlating with the DXY unlike EURUSD. Smart-money clearly has an agenda here and it is highly probable that they are heading to the area highlighted (in blue) where we can see some imbalance in price action in the daily candle (26th March). So this area is where I will be focusing on and looking at (thats why I put the eye icon there)...
No doubt you will agree with me that EUR USD is looking extremely Bullish at the moment, but how long will it last? My expectation is that price will hit the 1.13-1.135 area highlighted, then look to turn around from there. Smartmoney took out and grabbed the liquidity ($) from the late March highs as expected after taking the highs out from April and May. I...
Well, EURGBP has cleared out orders at the base above. Now I'm going to wait for the 69 Entry opportunity.
Note this is a long term projection based on daily price action. As expected liquidity was taken from the equal highs of February, March and April, the next step is for Smart money to push price higher to mitigate the weekly candle which is overlapped by the institutional candle of 13/1/2020, also meeting an institutional price level of 122.00. After...
EURUSD one of my personal favourite pairs. With this we are watching price on the lower timeframes (1D,4h,1h) move sideways so some good buys and sells at Support & Resistance but the overall picture is we are fast approaching a key level that as been respected since 2003 and this is where we could see price go into the Accumulation phase before EURUSD finally...
A quickie. A trade before the trade. Align. --- 818 Wealth