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SCT

EUR/USD ShortContext: • DXY has upwarts potential: Supports short in EUR/USD • Monthly neutral • Weekly neutral to bearish bias • Daily one confirmed bearish swing, respected daily FVG and disrespected bullish FVGs. Broke through prev. day low and took out weekly demand. Closed below these lows Ideas / Entry: • Short in the 4h-FVG → Shown with black arrow • Preferred: Short around 1.072 which is in the area of the broken lows with 1h Reversal setup 1) Blue arrows: Reversal with respecting lower 1h-FVG. Look for entry on LTF, for example 5min-15min 2) Orange arrows: Last resort and higher risk! Needs strong and confirmed reversal on preferred 15min. Scenario invalidated: • 4h Close above 4h FVG • Break above 1.0745 • High caution if 4h close above broken lows around 1.072! Immediate reversal needed (confirm on LTF), otherwise cancel trade Stop • Above your entry signal or 1.0745 if traded on 4h Take Profit(s) • 1st at daily low around 1.067 • 2nd around 1.065 • 3rd around 1.06 (optimistic) Please feel free to comment!
Short
by MichaelBw
USD/JPY LongContext: • W and M showing (yet to be confirmed) rejections: Neutral with bullish touch • Respecting Daily FVGs • 2h big bullish FVG, 4h close above equal Highs Idea: • Entry in area between 156.600 - 156.15 with LTF reversal (e.q. 1h) Scenario: • Entry area should be approached without bearish FVGs • 4h close below 156.49 (Equal Highs): Caution! Scenario terminated: • 4h Retracement below 156.15: Trade is off Stop: • Determined by your entry setup Please feel free to comment with other ideas or questions.
Long
by MichaelBw
1
AUD/NZD ShortContext: • Monthly neutral / sideways • Weekly bearish FVGs, ignored bullish order block • Clearly bearish Idea: • Short at daily FVG Entry: • Entry Range: 1.0774 to 1.0787 • Entry Signal: Reversal Setup on 30min - 1h Scenario: • Liquidity sweep above 1.0774 (dashed line) • Avoid building a FVG on 4h Stop: • Above your Reversal Setup / Entry Setup Scenario invalidet • 4h Close above 1.0771 → Next location would then be 1.0806 Please leave a comment if you have any suggestion or question.
Short
by MichaelBw
GBP/AUD LongMontly Chart neutral. Weekly shows an inverted FVG and we respected the last bullish FVG. Same for the daily chart. We trade above the previous day high. IF the current 2h candle closes without potentially triggering my proposed entry level AND stays an inside candle as of now, this could be a long for me. Entry around 1.9184. Stop around 1.9167. First TP around current day high at 1.9210. Second TP around 1.9245. Be aware: The shown CRV of the first entry is only about 1.6. So try to get an entry on a lower timeframe like 15min to reduce your stop and maximise the CRV
Long
by MichaelBw