Nice entry caught on the 1/5 Minute time frames. We have a break of structure on the lower time frame. 1H chart indicates that the desired take profit level should be at around 1.048. This is a nice 1 to 18 risk reward ratio with the acquiring smart money concepts. Should land a big win here.
Break of structure on the 1H chart may indicate that the recent tap into an order block may pull back GBPUSD into a higher high. Take profit is currently at previous high however with this strong movement to the upside, we could see a bigger move. Let me know if you take this setup. Great risk to reward.
BTC sits at $30,000 as we wait to see a pullback at this critical level. I expect bitcoin to begin a accumulation stage by trading in a range just as previous price action has done before a big run up. Wait and see to where the market wants us to go.
ATER has traded down to a support level and 0.62 Fib retracement. ATER has an upcoming pharmaceutical approval from the FDA for one of their drugs which remains in stage 2 trials.
CADCHF traded higher to break a reversal zone. On the 4H time frame we can see a bounce from the reversal zone which indicated a leg up extension. Expecting banks to buy some longs here at least to the previous highs.
Ethereum continues to trade lower as it begins to test bottom side liquidity in the current uptrend. We've placed a Fibonacci retracement and can see that the level it is currently trading at is a .50 retracement. Hoping to see a light bounce here on a nice risk to reward ratio.
US30 began trading away from the downward trend as it tried to trade above the weekly high. After stop losses were cleared out US30 got knocked to the down side quick and fast. This was a simple liquidty grab and hope many of you took this opportunity!
ALGO traded down to its reversal zone. As price action approached the reversal zone, it began correcting to the upside, showing that it is ready for price to continue its uptrend. I expect ALGO to have a bright future as well to trade at higher prices!
USDJPY traded up to a previous high before taking out stops and retracing down. This is a small trade and have set a tight stop loss just because the yen pairs have been volatile recently. There's a possibility for this yen pair to over correct, but my current trade is set up to catch the pips on the very first correction to the downsize to minimize risk.
JPY pairs have been tricky lately. They have mainly been the pairs that I've had to re entered after being stopped out. Fortunately, CHFJPY just had a major liquidity grab from a monthly chart, and going down to the 4H chart, there was a major move downward. I have set my stop loss just above the movement before it fell. I'm expecting a small movement to the...
Bitcoin continues to make a push to the upside meanwhile price action continues to trade within an ascending triangle. Typically, this is a continuation pattern to the downsize although there can be many fakeouts in the market place. Play both sides of the market here with shorts or longs on the break of the triangle!
I was waiting for AUDUSD to make a push to the upside to stop out everyone's contracts that were sitting above these recent highs. We got a big push and got stopped out on my first contract. However when AUDUSD began to fall like a fly, I tried again on a second contract and caught the wave with already 900 pips in just two days!
GBPAUD trade was posted on my tradingview account just a few days ago and after getting some reaction after the liquidity grab, we got to see a nice movement to the upside. GBPAUD trade is currently up 2000 pips and counting with a moved stop loss securing over 1000+ pips!
GBPAUD continues to trade into liquidity as price action trades lower. There has been multiple instances of a liquidity grab with no movement upward. This is either to grab more liquidity for a movement upward, or expect price to continue trading lower. However if we are able to get a nice movement to the upside after this or the last liquidity grab, Ill be taking longs.
CHFJPY currently begins to trend upward as it closes in on a major reversal level. However there are still many stops and short sell limit orders residing above that level thus creating liquidity. We can expect either a move to the downside after residing in the reversal zone or we can expect price to continue moving upward to grab that liquidity before the...
EURCAD is approaching a major reversal. We've seen price action take a dive into a liquidity grab and continues to trade lower. I believe this is an attempt to dip into the reversal zone which has been a major sign of an up move. However if price doesn't immediately retract upwards, we could begin to expect it to fall through and take shorts. We can play both...
With bitcoin's latest breakout, we could potentially see room for Shiba to potentially exit this overall triangle that price action has been sitting in for some time. If Bitcoin continues to trade higher as it is right now, expect many coins such as Shiba to continue their movement upward.