FotiosDimitriou

FotiosDimitriou

CADCHF Long Direction: - Started a Bullish Cycle from 3 days ago when PFL (Peak Formation Low) formed. - H1 & H4 MBL (Market Base Line) on TDI leaning upwards, from below the 50. - H1 OB (Order Block) was being respected. Entry: - Low was held for multiple hours at the H1 OB (Order Block), which is a resistance point. Candles never closed below that low...

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EURCHF Short Direction: - PFH (Peak Formation High) established 3 days ago which started a Bearish Cycle. - Bearish Momentum is seen on the H4 as lower lows and lower highs are being formed. Entry: - Price point was held for multiple hours over two days, and no candle closed above this point. Multiple candles pinned this point, indicating the high was going to...

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EURAUD Short Direction: - Entered a Bearish Cycle on Tuesday (three days ago) on the H1, so I was looking to short off possible high points. - Just dropped to the first level of the cycle, so still needs to drop for minimum 1/2 more days. - On the H4 & H1 time-frame there is Bearish Momentum , as lower lows and lower highs are being made. Entry: - High held at...

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GBPNZD Long Direction: - Held last weeks low on the H4 & H1. This price action indicated it was going to move from a Bearish Cycle to a Bullish Cycle. Furthermore, it was at the last level of a Bearish Cycle, so it was due to reverse. - Reversal Multi-Session W (Double Bottom) pattern on the 29th June indicated the new low of the cycle (Peak Formation Low, PFL)....

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GBPAUD Long Direction: - Just started a Bullish Cycle a day prior, so I was only looking to go long. - Both higher time-frame, H1 & H4 MBL started to point upwards, indicating trend was Bullish. - Other GBP's, which are correlated, were also in a Bullish Cycle. - Divergence on the H1 from the reversal, indicating a change from a Bearish to Bullish Trend. Entry:...

FotiosDimitriou Updated 

EURGBP Short Direction: - Approached the last level of a Bullish Cycle, so M (Double Top) formation pattern (or similar pattern that holds and indicates a high) expected to appear before reversing into a Bearish Cycle. Entry: - M (Double Top) formation pattern appeared. - Second leg of M formation crossed the 13 EMA, confirming the pair was going to drop. -...

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GBPJPY Long Direction: - This pair was midway through a Bearish Cycle on the H1, however it was expected to reset and rise into a Bullish Cycle due to correlations with other pairs such as GBPUSD. - Low was held on the H1 for 3 days, so even if trend was going to continue being Bearish, a counter-trend would still give a considerable amount of pips for me if a...

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GBPUSD Long Direction: - The pair approached the end of a Bearish Cycle which may continue on the H4 time-frame, but on the H1 time-frame a reversal off bottom of level was due. - The pair was expected to enter a Bullish Cycle on the H1 time-frame now. - A multi-session W (Double-Bottom) pattern formed on the H1, giving us the direction, and also failed to take...

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AUDUSD Short - Direction: In a Bearish Cycle at level 2 on the H1, showing Bearish Momentum on the higher time-frame. Entry: Market Structure looked the same as yesterday and the day before, then gave an M formation entry at the top of the level. Furthermore, candle closed below the 13 EMA, giving me a confirmation. SL @ 17 pips above Trade Open (just above YH),...

FotiosDimitriou Updated 

USD - Dollar is experiencing a lot of resistance in the zone as marked, so could drop from here. However, if it breaks this area, the next short price would be the QP 98.000. A lot of news for the dollar throughout next week so could be fairly unpredictable. There is also a bank holiday on Friday 3rd July. Overall, I am expecting the dollar to rise this week,...

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USDJPY Long - Direction: In a Bullish Cycle on the H1, showing Bullish Momentum in Level 2 of the cycle. Entry: Pins and bounce off the 800 EMA indicated a possible low and after the low was held for over an hour, a W pattern formed, enticing me to enter. In addition, a shark-fin was seen indicating it was going to rise. SL 15 pips below Trade Open (7 pips below...

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GBPUSD Short - Direction: In a Bearish Cycle as it has not reached the H4 OB, and Bearish Momentum shown on the H4. Entry: RR tracks bounce off the 200 EMA, with divergence. RSI on the M15 also showed that the pair was overbought and was due to drop soon. SL 25 pips above Trade Open (just above 200 EMA), and TP 47 pips below Trade Open (just above YL).

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AUDUSD Short - Direction: Multi-Session M PFH (peak formation high) on the 23rd-24th, and then 1 vector drop down into level 1. In addition, I see bearish momentum on the H4 and H1 time-frames. Entry: Dotted line on chart indicated the high held throughout the day (as no candle closed above), and the candles respected the 200 EMA, and did not close above it....

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USDJPY Long - Direction: Has been in a Bullish cycle for 3 1/2 days. Pair was showing bullish momentum on the H1 and H4. Entry: Double Bottom pattern formed at H1 OB (can be seen on the M15). Divergence and shark-fin shown on TDI, with the RSI line also crossing the Signal Line, giving me a confirmation. Furthermore, entry candle closed above 13 EMA, which gave...

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AUDUSD Short - In a bearish cycle on the H1, at level 2, where the momentum is still bearish. Therefore, next possible buy zone is at the bullish OB @ around 0.681. The chart on the M15 showed a Double Top formation indicating resistance (cycle is bearish), as price would not break that point, then the pin off the 800 EMA confirmed the trade which was opened on...

FotiosDimitriou Updated 

NZDUSD short - In a bearish cycle at level 2. There is still bearish momentum as it is heading towards H4 Bullish OB. All candles closed below the high created at 5:15 am GMT, showing resistance at that point as high was held for multiple hours, indicating they were not going to break it (as cycle is bearish). Evening star pattern then formed with divergence...

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GBPUSD short - heading towards end of cycle pattern, but still showing bearish momentum. Double-Top bounce off 200 EMA, showing resistance, and RSI above the 68 shark-fining in on TDI. Trade open at candle close at 6:45 am GMT, with SL @ 15 pips from trade open (7 pips above YH), and TP @ 40 pips from trade open, @ YL.