Hi traders,
A really nice play has developed on NZDCAD, I am in this trade from 0.88317 with a 60 pip stop loss at 0.87717 and a 120 pip take profit at 0.89517.
Confluence stacks:
Weekly, Monthly, 3M zone
4-hour double bottom
Break of trendline
Daily star formation entry candlestick
Downside:
Trading into Weekly and Monthly 50 EMA
Best...
Hi Traders,
I just entered into this scale-in position on AUDUSD.
My confluences are as followes:
Daily and weekly demand zone
4-hour & 1-hour MACD divergence
RSI 4H oversold
Daily deceleration in demand zone
Downside:
Daily H&S pattern, trading into neckline
My position
Entry: 0.76125
Stop Loss: 0.75785 (34 pips)
Take Profit:...
Hi traders,
Everything is shaping up nicely for a long on USDSGD, I will therefore go long at market open with a 23 pip stop loss targeting 69 pips for a risk to reward of 1:3.
Best,
Don Deesker
Dear traders,
I am currently long CHFJPY from 113.629, I will be targeting 115.219 for a RR of 1:3, my stop loss is placed at 113.099.
Best,
Don Deesker
Dear traders,
I am looking to take a re-entry on USDJPY at market open with a 45 pip stop loss at 104.122 targeting 105.922 for a 1:3RR.
Best,
Don Deesker
Dear traders,
I am currently long USDJPY from 104.828, my stop loss is placed at 45 pips at 104.378 with a take profit of 1:3RR at 106.178.
Best,
Don Deesker
Hi traders,
I am entering into a NZDUSD short position from 0.67333 with a 45 pip stop loss at 0.67783, I am targeting a 1:3 risk to reward at 0.65983.
Best,
Don Deesker
Dear traders,
I just entered into a CHFJPY short play with a 1:3RR, my stop loss is placed at 117.201 with my take profit target being set at 115.201. Updates will follow with my trade management.
Best,
Don Deesker
Hi traders,
I will be watching for shorts on Silver between $18.50 and $19.00. The reason for this is the institutional supply created on both the daily and monthly time frame.
Best,
Don Deesker
Hi Traders,
A Quick update on my thougts for Copper, I will be looking for short opportunites around the $2.50 level. Multiple supply zones align at that level together with .618 Fibonacci, an additional confluence is the psychological price of $2.50 which will act as resistance as well.
Best,
Don Deesker
Hi traders,
I am currently looking for short opportunities on the DAX / DE30EUR from fresh institutional supply on multiple time frames. I will be looking for a nice RR setup for a play to the downside.
Best,
Don Deesker
Dear traders,
I am currently short XAGUSD, my reasoning for this position are the following confluences:
- Quarterly, monthly and daily supply zone
- .75 Fibonacci retracement
- M50EMA acting as resistance
- Daily high-test candlestick
I will be targeting the trend line for a RR of 1:1.5.
Best regards,
Don Deesker
Dear traders,
I am currently looking for longs on GBPAUD, the reason for this is that this pair is in strong demand from the quarterly, monthly, weekly and daily time frame. Also, it is nearing .618 Fibonacci and has found support from the W50EMA. Price has been stalling in the demand zone and has formed bullish MACD divergence on both the 4-hour and 1-hour time...
I will be looking for short opportunities on the SPX from around the $3,000 level. The reason for this is the strong supply created from the weekly imbalance which stacks nicely with the daily imbalance candlestick and the .618 Fibonacci retracement , also, the $3,000 level is a psychological level and will thus act as resistance. Another confluence stack is that...
