Fx
GBPNZD 2/10/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA 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 SM).
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 SM 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 SM.
CHARTS AGENDA:
SM - SMART MONEY
PA - PRICE ACTION
BITCOIN SIGN - MONEY POCKET
ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS
BLUE LINES - ENTRIES WITH SM
MARKED LINES - POTENCIAL ENTRY POINT
BOX - GAP's
GOD BLESS U ALL!
USDCAD 2/10/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA 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 SM).
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 SM 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 SM.
CHARTS AGENDA:
SM - SMART MONEY
PA - PRICE ACTION
BITCOIN SIGN - MONEY POCKET
ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS
BLUE LINES - ENTRIES WITH SM
MARKED LINES - POTENCIAL ENTRY POINT
BOX - GAP's
GOD BLESS U ALL!
"EURCAD on an Important Zone" by ThinkingAntsOkWeekly Chart Explanation:
- Price bounced on the Descending Trendline before starting its down path.
- Now, it is against an important Ascending Trendline that was tested three times in the past and could not break it.
- From here, price may follow two paths. It may break and start a violent down move or it can bounce from here and test the Descending Trendline one more time.
Updates coming soon!
EURUSD - Focusing on higher levels EURUSD - Intraday - We look to Buy at 1.0924 (stop at 1.0894)
Broke the sequence of 2 negative daily performances. Bespoke resistance is located at 1.1026. The previous swing high is located at 1.1024. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. A break of bespoke resistance at 1.0960, and the move higher is already underway.
Our profit targets will be 1.1020 and 1.1030
Resistance: 1.0960 / 1.0992 / 1.1020
Support: 1.0922 / 1.0905 / 1.0850
AUDUSD - Volatility Contracting Ahead of RBAThe AUD has seen a very tight range last week, across the board. Tomorrow we will get the RBA's decision and that will likely be the catalyst for a pickup in volatility.
We believe the odds are for a dovish hold...which might disappoint the markets.
Last week RBA Governor Lowe noted the difficult external environment, but he also repeated three times that the Australian
economy was at a "gentle turning point", suggesting he was not going to rush into further easing after the June and July rate cuts.
So despite some worse employment figures,
it seems like a cut is by no means a done deal.
Look to buy AUDUSD on a disappointment of the market's rate cut expectations.
NzdUsd - Sell Intraday Rallies!NZD was hit hard after ANZ Activity outlook fell to -1.8 (lowest since 2009) and business confidence fell to -53.5 (lowest point since 2008).
We like selling NZDUSD in the 6270/80 area looking for a break of recent lows, which would open up further downside towards 6200.
NZDUSD: Much Indecision
hey traders,
nzdusd is standing on a 6 years low on a weekly.
recent false breakout of a previous structure low on a daily leaves us clues
that bearish pressure is exhausted.
currently, the market is started to contract within a symmetrical triangle formation
- a clear indication of high indecision.
though according to a common rule, we trade such triangle, waiting for a breakout and the side of breakout does not matter,
I will trade only in case of a bullish breakout following my observations of weekly and daily charts.
target levels will be 0.6345 and 0.6395
stop goes below the last higher low of a triangle.
*if you like this idea, please, like it and leave a comment! thanks :)