Stoplosshunt
USD/CAD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
USD/CAD: Swingtrade-Preparation
Market-Sell: 1,28345
Stop-Loss: 1,27890
Point Of Risk-Reduction:1,26815
Take-Profit: 1,26100
Stop-Loss: 55 pips
Risk: 0,5% -1%
Risk-Reward: 2,25
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
AUDCAD - Is It Ready?AUD has been unstoppable this week, which has made it impossible to sell this pair. We have wiped out the prior high again but we remain above significant structure so we cannot sell until the price clears that level marked. Personally, I am more inclined to sells but I will go with the flow and not get caught with a bias. I assume the majority of sentiment is selling this pair and that's why we are seeing such a significant stop loss hunt.
GBPJPY - Trend ContinuationIn my view the trend is still bullish until we manage to crossover the ascending trend line. I would like to think that price has pulled back to the 4hr resistance level in order to stop loss hunt buyers from the resistance break. We may now see the continuation to the upside.
GBP/AUD New Lower low?After almost 5 weeks in a ranging market, GBP/AUD looks like found its direction.On 31 August a new Lower Low was created and market pulled back on 61.8 fib retracement and liquidity zone and daily resistance. Looking to find short entries on this pair and ride it up to -0.27% extention. #tradesafe
BTCUSDI am only buying Bitcoin if the price is at $4k-$3K.
so many FOMO traders will be jumping into the trade being so deluded from looking at the price which is at $11k.. why want to buy when the price is so expensive? rather take the risk of losing opportunity. its okay to lose the opportunity than losing your entire capital
Stop Loss Hunting for USDCADFor this pair, Now the price is at the bottom of the range structure. From what iI anticipate that those who buy just from looking at the support and resistance will place their stop loss right bottom of the range stucture where the stop loss hunting will take place and wipe off all the buyers and also the FOMO traders who bought earlier. So when the Stop Loss hunting is done, then Most traders will think that this is a Sell opportunity which will trick them into selling. this way they will continue the initial move up after taking all the stop loss.
Stoploss hunt on EUR/USDSo if you look at today's profile, the volume seems to be in the upper part. Right now we are in the area of the previous consolidation. To me it looks like a STOPLOSS hunt, just to get liquidity and get all the retail traders in the short positions, so the may take it higher now.
Gold Buy | Bull Trap and Stop Loss HuntingHello Traders,
Here's my analysis on Gold daily chart.
This bull trap and then pullback to stop runs (stop loss hunting) have resulted in very good trading opportunities with Gold.
The psychology behind these moves are basically that traders see a breakout and enter trades but then price makes a pullback/retracement to take out stops and then reverse and continue in the original breakout direction.
You can always ask yourself – where are traders in pain? This can help a lot finding good trades.
Instead of buying the breakout (buying high) these stop loss hunting entries will give you a much better entry point.
The risk reward ratio RRR on these trades are very good.
The trend is your friend, so buying low in these pennant chart patterns combined with the bull trap and stop loss hunting is a strategy that works.
If it was helpful, I would appreciate you leaving a like and follow. Thanks!
Let me know in the comment section below if you have any questions.
Best regards,
Johan
BCH - Hmm, dump inc ?YOYOYO, I'm back, busy as fuck as usual, but still following market and trading on the side.
BCH doesn't look good :
Low volumes
Higher Lows/Lower High
Price is squeezing
In my opinion, this looks like a bearish pennant. I'm aiming at 0,0442, but wouldn't be surprise to see a SL hunt below 0,0438.