Qm
Nzd Chf on its way into QM area with supply above Nzd Chf currently on its way north we have qm area + a supply zone in front of us and i would like to see some PA right into the zone to look for a short with first target at flip zone and second one at swing low if price is able to break the flip ...
in case we break the qm and absorb the supply we need to readjust the plan but so far iam a bear if we arrive at the market areas
of course this is a daily trade and an entry in ltf would be a good choice to maximize the RR ..if u have no time or u just love the daily then trade it that way ;-)
1000 ways to skin a cat ..
cheers and nice sunday guys
GBP NZD QM Ping Pongafter playing Ping Pong between 2 great respected QM zones on daily chart we break through the upper qm zone and now using it as support area... for me its more likely that we go further in trend dircetion so i look for a long entry here ...the thing i dont like is that we tested the broken zone from above several times now and iam a bit afraid of the fact that all orders already been absorbt here ...so in case we break below ,close below and price shows singns of weakness i would think about a short but so long iam a bull here and look for ltf long entry
cad chf looking to shorti see supply in the marked area and look for a short here ..we have slightly engulfed the base of the last upward push giving us a sign that market i likely to go lower soon
we have also qm structure but due to the upper supply level i see i expect price to break the qm entry level to the upside before going lower
eurjpy long is preferedas price broke a 3 touched trendline and market structure as well it formed a demand from a RBR move ...i now waiting to a comeback to this area for a long in direction of the upper flip zone ....
this is the htf idea .... ltf set ups are always adviced due to tighter stop bigger RR but if u have just limited time or you simply love the htf swings you can also catch a good daily tf trade ...always up to the trader himself ...
Eur Cad With interesting areaWe see a Eur cad hitting support + qm area after some nice bearish move ...
i expect a bounce to the upside (ltf entry for nicer RR or HTF entry for stressless trading)
plan B would be a break of the zone and retest from below to get in short ..
observe the candles when we hit or break area and let them tell you the story ....listen Carefully ;-)
QM Diamond H1 GBPJPYHi guys!
Yesterday I posted a sell analysis for GbpJpy, it went TP 137.500 for short term trading.
However last night pound was bullish due to decision of the Brexit moved to 12th December 2019.
In timeframe H1, Diamond QM is forming! So we look buy and can TP at the Supply Zone.
Buy @ 140.00 SL 139.750 TP 141.00
Goodluck!