Orderflow
USDJPYTwo scenarios for usdjpy. In the weekly time frame, the price is on a supply area. Orders in this supply area appear to have been collected and will probably inflate the price of this area and break in the next collision or break this area directly without engulfing. However, we are waiting for different scenarios to occur.
Smart Money LONG | EURJPYLooking at EJ
After a lovely impulsive move to the upside, we have now had a nice bearish order flow section (corrective section)
We have taken the liquidity of the upper trendline and some of the structure shelves to the upside. I would have liked the 3rd structure level to have been broken also but I will settle for the 2 as it tells me there is clear upside intentions.
I have a level on the 15min I am looking at for entries will have to wait and see how price delivers from here, it could be tagged in tomorrow or it could happen on Monday OR price might not get there at all, we will just have to wait and see.
Any questions feel free to ask
EURUSDAlthough i did not have a worthy trade setup on wednesday, EURUSD provided an amazing trading week for many, this is the perfect example of what true institutional trading and market manipulation is all about. If you know what you are looking for, the market becomes your play ground. learn the truth of the market and stop following these IG "gurus" that mostly mislead you and fill you with retail useless information.
Smart Money Long | EURAUDLooking at EURAUD,
Very similar in price action to EJ
Had multiple breaks of structure before potentially returning to an unmitigated 5min OB at the bottom of price.
Let's wait and see if the price can get back down to my entry point before deciding whether or not to continue higher or continue lower if it gets there. We have potentially taken some of the liquidity resting above the trendline, so any stop losses placed
Any questions feel free to ask
CHFJPY - Looking for a bounce off 123.300 DEAD from support zoneHi everyone!
I am looking at a support zone entry for this pair.
CHFJPY
BUY LIMIT @ 123.300
Stop Loss: 123.255 (Add Spread)
TP 1 (1R): 123.344 (Stop Loss→Break-Even / Scale-In)
TP 2 (3R): 123.432 (20%)
TP 3 (5R): 123.520 (20%)
TP 4 (10R): 123.741 (20%)
Reason: Although i am anticipating price forming an accumulation schematic in this area, i can see reasons for price to travel low, I'm looking for a spring to the area marked. At the least we should see a reasonable reaction from the level. i will only really be entering if i first see a valid schematic forming first.
EURCHF 15M - LONGPrices broke out of structure on the H4, leaving behind demand areas to work with. Currently gave us a shift in structure on the 15m, you could have a risk entry upon limit order. Otherwise, confirm the demand areas and wait for the bullish structure to formulate before taking continuation BUYS.
EURUSD - Looking to Long Around the .15800 levelHi everyone!
I am looking at a short trade
EURUSD
BUY LIMIT @ 1.15750
Stop Loss: 1.15715 (Add Spread)
TP 1 (1R): 1.15786 (Stop Loss→Break-Even / Scale-In)
TP 2 (3R): 1.15856 (50%)
TP 3 (5R): 1.16104 (/0.5)
TP 4 (10R): 1.16458 (/0.5)
Looking for price to bounce of this level, if it doesnt work theres another area below which i am interested in. I think this level holds significant value and should provide a good reactionary trade before continuing to the downside. towards the lower orderblock area.
GBPUSD - Looking for price to bounce off the .37900 LevelHi everyone!
I'm looking at this entry.
GBPUSD
SELL LIMIT @ 1.37890
Stop Loss: 1.37939 (Add Spread)
TP 1 (1R): 1.37840 (Stop Loss→Break-Even / Scale-In)
TP 2 (3R): 1.37742 (50%)
TP 3 (5R): 1.37643 (/0.5 off)
TP 4 (10R): 1.37397 (/0.5 off)
REASON: Strong resistance from this area before, will be keeping an eye on the DXY ias it is at a key area. Will need to be patient and see how it reacts from the area feel free to move the entire up by about 2.5 Pips, i see some reasons to go a touch higher.