Looking to go long after price reacted bullish to 3/18/24 1H FVG. Waiting for London to sweep Asian lows, tap into the 5m FVG/ or OB, create a MSS, while leaving a FVG for a second entry or first secure entry (if not entering off the bearish 5m OB.
Have a swing short and scaling in as opportunities present themselves. There were a few entries today but have solid profit to allow trades to continue to run with Stop Profits in place. Currently managing trades to minimize loss.
Another look at a setup that is meeting the early requirements for a setup however it is falling short of reaching what is fully expected. Need to shift target to at 1:3, take the win if unable to manage trade actively. If available, wait for price to approach TP at 1:3, move Trailing Stop to 1:3, give price room to shoot for B Range, and take partials along the...
Identified an opportunity during London Session.
Price was looking to take out an old high
Identified the legs of an ABC structure
As it did we looked for a creation of structure before the liquidity grab
Moved to 15 Min
After the Liquidity grab, we looked for price to break past the creation of structure for a market structure shift MSS or CHoCH
Moved to 5 Min...
Current Look: Price has broken out of an ascending channel from a previously strong bearish action.
and
Price has broken through and is beginning to retest the golden zone created from the most recent low on D1 time frame
-Looking for a retest of the channel
or
-Fake...
This is a look at AUDUSD, where I'm looking for new entry points. The months of Oct. and Nov. had great movement pushing price pas the neckline of the identified double top, indicating that we should be in a downward trend. Our recent uptrend from Dec. 5th was not a reconstructive move. Expecting price to continue to the .73xxx area before looking for short...
On the D1 time frame a noticeable head and shoulders is beginning to form.
There have been two forms of bearish divergence, indicated by each ellipse.
EXPECTING: Price to approach .77096 area and to approach in a corrective structure .74860 area.
Looking for price to breakthrough 1.20555 area acing as previous support from 4/26-4/28. Expecting price to react to recent sell off with corrective structure upwards. We will wait for price to react with markets opening again on Sunday. Looking to short with price to reach near 1.19777 area.
FIB created from the high MAR 18 to the low on JUN 8 with a retest on JUN 10
FIB extended through JUL 27
Test of .23% on JUL 12/15 retest on JUL 30
Test of 0% on JUL 23 and retest on JUL 27
Expect at return towards 1.36514 area
New FIB Created JUL 20 to establish potential buy zone near .23%
D1 time frame MAR 19 for beginning of FIB ending JUL 20-27 (NEAR .66832)
Price sold to .23% and retested 0% and headed back
RSI has had a break retrace and retest at 70%
Sell Zone 1: 0.66153
TP1: 0.65703
TP2: 0.65340
TP3:
Sell Zone 2: 0.63977
