Potential Bat Pattern 🦇EUR/USD - Potential Bat Forming along with bullish momentum/rejection off the quaterpoint, we've also had multiple breaks of structure so I've decided to swing this long using the bullish confluences. (Also have LTF confirmations too)
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Quaterpoint
Daily Pennant + Crab on HTF GBPUSD - Price is sitting on weekly supplyzone and has created EQL highs, we also have a Daily pennant forming (Trending continuation) If confirmed. (We also have a crab on the HTF with the D point landing on the target of the potential pennant)
Price could go either way, I will scalp this today bullish based on the momentum, LTF PA and the liquidity trap at the highs but for any HTF swings I'd wait to see if this pennant confirms or price rejects.
Let me know your thoughts!
Shark To Break Daily Low USDCAD - Downtrend on HTF, daily lows were broken but price retraced (Also through a quaterpoint),
I already entered this trade but I thought I'd share with you guys if you wanted to get in late, I'm expecting the lows to break due to the downtrend PA on the HTF , however price could easily reverse from the quaterpoint so partial out before then if you get in!
If you have any other views please share them!
Shark Complete On QuaterpointGBPNZD - Waiting to see if price breaks the quaterpoint, theres x2 very strong OB's just below it, I want to see if we get a close below or a wick below to fill the imbalances, I will be taking scalps from these zones as rejection is probable even for a quick 20/50 pips.
If we get a close below on the daily ill be looking for retests and short, if we close above ill be looking for retests and long (For swings)
Whats your thoughts?
Crab Complete on Quaterpoint GBPNZD, Potential Swing long, price is sitting on quaterpoint which also lands on the D point of a daily shark & a daily OB.
There's not much reaction at the current level which indicates to be the bears are still in control, I feel once the OB is tapped into below price will reverse and head back towards the previous quaterpoint (Daily high) If price breaks and closes below ill be then looking for rejection & shorts.
Whats your thoughts?