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CAD/CHF Wyckoff Buying Opportunity!Possible long term buying opportunity in CAD/CHF very soon! As you can see from the chart we have a type 2 Wyckoff Accumulation Schematic that played out perfectly after coming into a major point of interest. Price has now come all the back back down to possibly test the whole schematic and to pick up any more institutional orders left at those levels. We have recently seen a strong push up in price which caused a break of structure, therefore leading us to believe that we could be taking a turn around. If this is the case the confluence on this trade would be ridiculous! Im waiting to see price come down to the zone drawn in blue before looking for structure shift on the lower timeframes. If price does turn around here the upside is massive and there is a lot of money to be made!! Feel free to leave any comments about the idea!
Long
by PercentageOverPips
EUR/CAD Update!! Wow! We couldn't have been more bang on with the forecast! Price came down perfectly to take out the equal lows where we knew liquidity was resting below and hit our demand zone to the pip! If you had a buy limit order set you would currently be 15% (or 120 pips) up in this trade with another 15% still to go!! I will be looking for another entry into EUR/CAD once we break the resistance level which has been tested 3 times already which means its weak and likely to break soon. Forecast- Feel free to leave a like and any comments about the idea!
Long
by PercentageOverPips
EUR/CAD Possible Buying Opportunity!Possible long opportunity in EUR/CAD soon! I have a long position currently running in EUR/CAD which can be seen in a previous post, this position was after an impulsive break of structure where we saw price move in a descending corrective manner into structure. Yesterday we saw the same exact price action where we impulsed through the previous high to create a higher high and where now we are retracing in a corrective manner. As you can see from the chart, price has just created equal Lows which means that liquidity is resting underneath this level which normally gets taken or wicked out which then shows intended direction of price, in this case it would be to the upside. Taking this into account then, i will be waiting to see how price reacts around this region and if price does break lower, i'm looking to see price come into the supply zone to gather more sell orders before taking off from there. I will also be looking for breaks of structure on the lower time frames for bullish confirmation. Obviously this all depends on price action at those levels as price could very well breakout from here so we just need to be wary. Feel free to leave any comments about the idea!
by PercentageOverPips
2
Possible NZD/USD Buying Opportunity!Possible long opportunity in NZD/USD very soon! Since the start of Feb we have been in a descending correction on the weekly time-frame from which we have come down to the weekly key level in the region of 0.68000 where we have seen price react. Currently, we are trading within the Lower High and the most recent Low. If price breaks below this level on the daily then i will be looking for selling opportunities rather than buying. However, we have seen 2 days of bullish and indecisive price action around this key level which could mean price wants to take a turn around. This is also in line with the NZD index as price flow is near identical and has printed an indecisive candle with more buying pressure than selling and a morning start candle on the daily. This gives confluence to the fact that price could bounce from here, however there is always the possibility that price could melt through this level but that just means no trade yet. If we do see strong bullish price action or a structure shift on the lower time frames then i will be looking to target the descending trendline as my take profit for about a 5% gain. NZD Index- Feel free to leave any comments!
by PercentageOverPips
2
Trades Update! All the trades are melting! A lot of the trades didn't pull all the back to the ideal entry zones before melting off, however, that is only one entry, there will be other opportunities. I managed to get an entry into EUR/CAD from a 2 Hr bullish engulfing candle which showed bullish momentum and intent. I did buy limit order for 50% of the candle from which price came down perfectly to meet before taking off. My stop is 20 pips below the low which normally gives price enough room to move and I am targeting the weekly key level around the region of 1.46500 which is a 1 : 3.7% gain if take profit is hit!
by PercentageOverPips
3
My Current Position in USD/CHF. Low RiskDisclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :). Daily Analysis: Still there is not much price action to base this trade off of on higher time frames except a big pin bar, but we can clearly see that there was already a huge drop in price in the previous few days and there could be a large amount of sellers that are still in the market. I am going to try and take a low risk trade with a tighter than usual stop loss to get me out of the trade early if I need to. There is a lot of Demand for the Swiss Franc right now and the whole world is at a stand still with the new Omicron Variant that is already becoming more and more relevant. We may see a big pullback in all sectors, or we could see a stable economy while dealing with yet another virus. Hourly Analysis: Price has shown continued momentum to the downside all while having small pullbacks to the upside multiple times throughout this push to the downside. As you can see the big bullish candle to the right of the arrow had closed well below the recent lows which are pointed out by the arrow, this leads me to believe that their is still going to be momentum left in this move and this could be a low risk but high reward trade. Thanks Again, KeySlot
Short
by KeySlot
USD/JPY Short Opportunity!Possible USD/JPY shorting opportunity soon! On Friday we saw a huge bearish daily candle close which engulfed 10 days worth of previous price action. This added to the fact that price was at a key weekly resistance level which it failed to break and close above, meaning that we are likely to see some more downside. We have also seen an impulsive break of 4 Hr higher low and structure point from which an ascending correction looks to be forming currently. This is in line with the YEN index as we can see similar price action there also. Price is currently at a support turned resistance level at the minute and we may very well see price push down from here. However, if we break this level then the next place i will be looking for price to come into is the 61.8% Fib retracement and psychological level as marked. If we see strong bearish price action from this point then i will be looking to sell to target the weekly key level in the region of 112.00. Feel free to leave any comments about the idea! These are just my trade ideas and in no way investment advice :)
by PercentageOverPips
2
EUR/CAD Buying Opportunity!Possible buying opportunity in EUR/CAD very soon! We are bullish on the Euro after a strong push up on Friday afternoon so therefore we can look for buying opportunities in the Euro pairs this week. EUR/CAD has shown a nice impulsive move up which has also broken 1Hr and 4Hr lower highs and structures. This therefore means that we are looking for price to move in a descending corrective manner to create a higher low in the market so that we can gain an entry. There are two possible places that i will be looking for price to react. Firstly you have previous structure coinciding with a 50% Fib retracement level which would be good confluence if price is stalling at this level. The second deeper entry would be at the 61.8% fib retracement where we could see price wick down to if it does not break the 50% structure level. For entry i will be looking for a strong momentum bullish candle on the 2hr time-frame. My take profit will be at the Weekly Key Level around 1.46500. Feel free to leave any comments!
by PercentageOverPips
EUR/CHF Trade Idea!Possible buying opportunity in EUR/CHF in the next few days! We have been going through a daily descending correction over the past couple of weeks, this shows a lack of intent for price to push lower. If we see buyers come into the market and push price up impulsively then there may be a possibility of a buying opportunity from a higher low point. The first potential entry will be after the break of 1Hr structures or a strong bullish candle from what looks to be like a smaller descending correction. The second entry will be a confirmed impulsive break of previous 4Hr lower high at which place we can look for a descending correction from which to enter. The EUR is bullish so this gives good confluence that we could be looking for some upside in EUR/CHF, we just need to wait for strong bullish price action to confirm intended direction of price before entry. Feel free to leave any comments!
by PercentageOverPips
2