Market Maker Pattern with Multiple Long / Short TradesIf this Market Maker pattern plays out in symmetry to the left side, which is more visible even on the 5m chart, then there will be several long opportunities and several short opportunities with opportunity to either reverse positions right into the next drop or retrace. There is also a large red candle on the left side, seen on linked chart of 30m timeframe, that was only partially recovered and these red candles typically always get recovered by a corresponding green candle to the right side of the chart. Thatt gives additional strength to the idea that price will return to previous high of the structure to reclain the red candle. And each of these drop and recoveries is a significant percentage move, ranging from 9% to 30% and with 20x leverage that could make for a fairly safe and profitable series of plays.
Of course, these patterns don't always play out completely symmetrical, but even if it fulfills a few of the moves or does so in smaller proportion to the moves on the left side, it's still a solid opportunity due to likelihood of move to upside to reclaim red candle and then likelihood of fulfillment of at least approximate fulfillment of the markdown / drop phase of the pattern.
PVA
GBPNZD Short Trading OpportunityHi FPC followers,
Here's my sentiment for the following pair.
The trend is stacked bear on 15M chart, in line to this chart. It is likely we can spot potential price action during the London Session.
We can observe that there is a significant volume sustained above the whole level, and another pump up yesterday.
Let's be patient and wait for a setup
Trade safe
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
EURAUD Bear DistributionHi FPC followers,
Here's my sentiment for the following pair.
We can observe price being pumped above whole number with sustained volume before heading for a lower low. Current consolidation is above whole number with strong volume as well, trend stack validated. We should begin to observe bears making their moves soon
You may consider a scout trade or a classic short setup
Entry point: 1.64300 +/-
SL: 1.64507
TP: 1.63235
Trade safe
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
EURUSD Classic Long Setup UnfoldingHi FPC followers,
Here's my sentiment for the following pair.
All TF D,4H,1H,15M shows a strong bullish uptrend. Previously in 15M TF we can see MM favouring lower prices to open long, high volume activities consolidating below key SR areas (Yellow area). Though I am expecting more consolidation below 1.18 (Blue area), as of this post it a potential breakout is happening. Waiting for a retrace and wave leg 3 to determine the EP.
Trade safe
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
USDJPY Trend outlook remains bearishHi FPC followers,
Here's my sentiment for the following pair.
D and 4H Charts show a pullback to lower highs while 1H and 15M are showing a bullish trend. From the evidence gathered, this pairing is still rather bearish.
15M chart shows high activities of accumulation above the whole number 106.00 twice (Yellow area) and is it is currently still consolidating above the whole number zone (Blue area). As of this posting, the price is dumped below the whole number, another potential stop hunt back around 106.00 - 106.500 is likely before another bearish run for the week ahead.
Trade safe
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
EURUSD Re accumulation Hi FPC followers,
Here's my sentiment for the following pair.
The bull tide is rising steadily, bull trend is confirmed on D, 4H and 1H charts. From the analysis, we can observe a reaccumulation in the yellow box with high activity. though more activities are observed to be at the highs.
From the current timeframe, it is likely MMs pushing price lower below the whole level 1.17 (blue box) to do more accumulations before the next breakout. Risk-takers may consider entering a scout at price below 1.17, assuming price volume favours. Nonetheless, patience is key. It is recommended to wait for confirmation for a classic long setup. EP at the 3 leg of wave and a breakout confirmation.
Trade safe
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
FGV successful rebound?Looks like a promising rebounce with slight volume build up. If it manages to break through the SMA200 next resistance would be 1.18 - 1.12. The support at 1.02 also looks strong.
EURUSD Classic Long Setup UnfoldingHi FPC followers,
Here's my sentiment for the following pair. It seems like we have already rejected the DS1 level, and multiple high activities were spotted at the lows indicating MMs are favouring lower prices to open longs. Have been monitoring this pair and made some entries below the current price as I believed a reversal to a new high is in the making, and getting ready for tomorrow's NFP news.
We can see a classic long setup slowly being created, as the dragon and trend are nicely angled up, confirmed by our PA above the trend. A breakout above the whole level (1.08) is also observed. An EP can be made upon the retrace or when we see a leg #3 wave forming for a nice bull run.
TP: 1.0862 (Above RDH level)
SL: Depending on EP, just below the price swing low
Trade safe
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
EURUSD Bull Accumulation. Waiting for confirmationHi FPCheaters,
As we can see the current H1 momentum is bullish marked by a reversal on the first yellow box as MMs dump prices below half level and increase buying volume. Another dump below quarter levels this afternoon during AS before running a good 80 pips. Another run down below half level with notable volume again. MM has been really busy today so my sentiments are still bullish for this pair. We should wait for a nice PA wave confirmation and higher low before setting an EP.
Trade safe!
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
Wait for a nice PA wave confirmation to shortHi FP Cheaters,
Current H1 momentum confirms a bearish trend with both trends angled downwards. Multiple accumulations prior to the current price show accumulation above half and quarter numbers. Would wait for a nice PA wave confirmation, first leg crossing dragon and a retrace before another breakout. We shall observe...
Trade safe!
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
EURUSD Bull Trap?? Hello FP Cheaters,
Current 15M chart shows a bullish momentum. However, 1H and 4H show a re-entry. Some evidence marked in the yellow boxes may be indicating institutions pushing the price up above key SR to open short. Increase in volume can be observed. USD news regarding Core Durable Goods Orders m/m will be out soon, could this be a Bull Trap for another Bear run?
We need more evidence in the next few moments. As of now, my sentiments are bear, a retrace till previous high at 1.08400 may be tested before I place an EP.
Trade safe!
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
Short EP for EURUSD with evidence of bear accumulation Hi traders,
This pair has been ranging. Yesterday's high shows high volume. Currently still in AS is loading up, and I believe a bear accumulation is underway as the institutions are keeping the PA mostly above this half level. Wait for a nice PA wave for EP around 1.08500 to short. This should give you a nice risk to reward ratio of 3.11, SL at 1.08850 and TP at 1.07720 (Range Day Low).
Cheers and all the best
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
Enter on re-entry following this bearish markdownHey traders!
If you have been following my previous sentiments, I have identified that the bull rally from last Friday till earlier this week was probably temporary as multiple accumulation points was seen above key SR. If you have been loading short entries along with me between 109.30 to 108.80 , that's awesome!! Following this trade, we can start reloading shorts along re-entry points when the candle retraces and touches the dragon line and ride the wave. TP level should be around 106.440 according to the 61.8 fibo support line. Shall update along the way when there are new price actions or an impending reversal.
Do comment your views below.
Stay safe, trade within your means and steal those pips!
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
Possible final bear accumulation before a mark downHi traders,
Here's my sentiment following my previous posts. As you can observe from the first 2 highlighted box, they are above key SR area of 108.00 and 108.500 which an increase in volume can be observed. Some stopping volume can be seen on the 2nd highlighted box. Reaching our strong supply zone at 109.200 identified with both FIbo retracement and extension, multiple rejections at this area is seen when you refer to M1, surges of bears opening shorts and closing long can be observed above this level. Awaiting for further Price volume indication to make sure it is a bear move and a trade setup. Have been loading up on shorts along the way until now.
Do comment on what you think!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
USDJPY Bear Accumulation above key SRAfter yesterday's reversal bull run, it hit the strong resistance level (Fibo and whole number) of above 108.00 with serious volume at the top in the M15 Chart this morning. Strong signs of bear accumulation at the top. Nice PA wave exited dragon on 3rd leg for a possible entry point. Since trend is still below the dragon, this entry may be considered a scout. Next reversal would be back down to 106.745. Let's wait for London Stock open for further PA confirmation.
USDJPY Rising bear volumeCurrent outlook of the H1 chart indicates strong bear position building at key SR.
Wait for further confirmation PVA signals and a classic short entry
Easy 200 pips EUR USD setup *Watch 1.22500*Look at the chart.
1.22500 is the keeper of the slide. If bears can break it. More slide shall follow.
USDCHF ShortDescription on the chart. Multi - time frame analysis.Market Profile, Volume , Supply and Demand . This is pre - plan. I have set alarm and will wait how will market makers behave at that level when price arrive there.
