Orderflow
Gold - Bull CycleGood evening ladies & gents,
Gold just displaced down nicely into my Buy Zone, triggering my pending Buy Limit.
Risk on this position is 1%, looking to swing it back to the Monthly Highs with additional points to add on from next week ideally.
Tomorrow is NFP, so be mindful that it can get pretty shakey.
Let's see how tomorrow pans out and it'll determine the trajectory of Gold from the next week onwards.
- AmplaFX
USDCAD Bearish Reversal CycleGood afternoon ladies & gents,
USDCAD will most likely start it's Bearish Cycle today and NFP is likely to be the catalyst. After trading up into the Weekly Inflection point, we saw a sharp rejection to the downside. Price has presented us with D1 SMT Divergence allowing DXY to fill the imbalance above and USDCAD has filled the imbalance above whilst not making a new high.
In light of this, I do anticipate a short to occur today (Bearish Sentiment on DXY) and today, it's possible to enter with a stop above the highs.
Many opportunities to enter next week if not today.
Disclaimer: This is my idea, take and execute this idea at your own risk and discretion. Remember to manage your risk appropriate on the off chance that I'm wrong.
-AmplaFX
CADJPY, Reversal Trade LongGood afternoon ladies & gents,
Looking for an entry here today with the stop below those lows. Aiming for the Monthly Highs, this week should deliver to the upside quite nicely.
Let's see what happens :)
GBPCAD H1 - SHORTLooking for the grab of liquidity lying above the trendline, testing the supply zone and a potential sell opportunity if we get a nice distribution above.
EURUSD TRADE on Order Flow - Follow the smart money! Technical overview:
The price demonstrated a significant growth after the formation of the new support level. The move was sharp and supported by the large volume, however, the price is trading inside the local range right now.
Volume Zones:
It is important to point out the boundaries of the local consolidation. They are the support 1.1824 and the resistance 1.1952.
Consider New Positions:
Given all these factors, we may regard new positions only after the keen and confident exit of the price from the range. The breakout move must be supported by the large volume, which will be a more prcise signal for entering the market.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
GOLD H1 PROJECTIONReason:
1. HH/HL structure
2. Ascending triangle pattern
3. Current price is squeezing in the area of resistance
4. Potential buy entry from the two OB
BTCUSD PROJECTIONReason:
1. Potential accumulation phase
2. Mitigated 1H OB
3. Divergence on 30m timeframe
GBPCAD H1 - SHORTAn immediate break of structure lead us to believe that prices may want to head down in the short-term. We're looking for equal highs to be created, eventually tapping into an unmitigated area of the 3m timeframe for selling opportunities.
