UJ Short IdeaAs you can see we notice this retail decending channel, we expect price to break through this channel and head to our sniper zone (Marked in purple) and then head downwards and break past the previous lows.
Sniperfx
GU Long IdeaWe could see price head down towards this sniper zone, and then head back up to fill the gap of imbalance.
AJ Long ideaWe could see price coming down to marked sniper zone (Purple) and reversing to take out them equal highs to grab the retail liquidty.
EURCAD Short ideaWe have a Sell limit placed at our entry 1 point, but we do have 2 possible entries, just make sure you use correct risk managment. We expect price to head up to our entry 1 point and then head down to take out them equal lows (Marked "Liquidity")
where price could keep pushing down or reverse.
UC Short IdeaWe expect price to come up and retest the sniper zone (Marked in Purple) and head down to break them previous lows, to an old Reistance/support area.
Sell Limit @ 1.414
Stoploss @ 1.42
Take Profit @ 1.4
EU Long ideaWe have a possible sniper entry for EU, we have the sniper marked with blue arrow that is a break of lows to grab liquidity, we are expecting price to come down and retest the open of the bearish candle and head up towards the other sniper area.
AN Long IdeaOn the monthly time frame we can see the Orange line (Retial Support) has been respected more than 3 times. Price has broken through this support level to take out retial trader that entered Long posoitons at the support area. We could see price head back down to the sniper zone (Marked in purple) to take out any eary retial long traders and then head up in the inteded direction.
EJ LongWe have this retail support zone where price broke through previously. We have this retail head and shoulders pattern forming on the lower time frames which retail traders will be watching. Price should come down towards to he sniper block (Marked in pink) and then in the intended direction. This will be grabbing retail liquidity so the institutions can get in at better price.
GU Long ideaAs you can see we have an order block (Marked in purple) where retail trader were trying to sell at the resistance area. Instituations then ran price higher and trapped these sellers. Price is now coming down to retest that order block. So we could see them keeping price above this order block
USDJPY 8/11/2019Hello Traders! Witaj!
We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SmartMoney must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SmartMoney.
Don't forget to like if it was helpful to you. We appreciate likes and comments.
Jesli podobal Ci sie material zostaw like:) Masz pytania - pisz smialo :)
Thank you,
Dzieki za uwage :)
GOD BLESS U ALL!
How to use the strength in Euro to make some extra cashFundamentals:
This morning 7:45 am NY time the European Central Bank had a meeting and The central bank said it expects its key interest rates to remain “at their present or lower levels” at least through the first half of 2020. They went on to discuss how they intend to reintroduce a Quantitative easing program. Additional info can be found here www.cnbc.com
Technicals:
Daily:
Slight downtrend but mostly sideways the last couple months
price was approaching a significant zone it appears as though it has bounced off it many times
Intraday:
downtrend
huge spike up after news event
bought into the spike then it fell
I purchased an additional tier as the price began to recover
longer-term swing trade attempting an 8% return with 4 % risk. this may be too much risk but I will set my SL for one of the positions on a 1.11300
Entries: 1.11658, 1.11491
SL:1.11300, 1.1065
Tp:1.1200, 1.13600
USD CAD LONGConsolidation Break Out......consolidation formation structure, double bottom....
Trade Entry sorted......
Let Price do its magic.
GBPJPY LONGTRADE ENTERED - AND PRICE ENTERED A PERIOD OF CONSOLIDATION, LOOKING FOR PRICE TO HEAD UPWARDS, CREATING A NEW HIGH AND START OF A TREND....
PRICE ACTION WILL MAKE MY DECISIONS FOR ME, I JUST WAIT FOR IT TO TELL ME....
