I will be looking at shorting AUDCAD @0.89800000 area which is at the premium zone and also align with the trend. My stop loss will be @ the red horizontal line above and my take profit will be 3RR respectively. Apply proper risk management.
Posted this setup yesterday saying I was going to short gold from that supply area but the overall structure was bullish. We took a look here!!. Every loss is a lesson. #learn
I will be expecting a drop on gold into the 3331.88 area following the 2hours timeframe c internal structure which shows bearish at the moment.. But the over trend is bullish for gold.. Apply proper risk management and Goodluck.
Posted days ago that the #audchf was going to melt as price was in the premium zone and we follow the over all trend which was bearish.. cheers to those who took it✅✅😎😎.
After price sweep liquidity on the 2hrs time frame and then broke structure to the downside. I will be looking at shorting #AUDCHF when price enters into 0.536090.
AudNzd have been in an uptrend for a while on the 4hours timeframe. As we can see from the market structure,price has failed to make push higher which then make an impulsive moves to the downside breaking structure. This impulsive moves have left an imbalance which is the reason price probably will return to fill those imbalance. Using my Fibonacci tool,I draw...
Following the H4 bearish structure... Price broke previous low, leaving a fresh supply zone above... Will be looking at getting a reaction at the above drawn supply zone with a lower time frame confirmation to short this pair to the recent low.
So price did not get back to mitigate the supply zone above but reacted on the 61.8 fib level.
However the second supply zone for me is valid cos price swept liquidity and then broke structure to the downside leaving a fresh supply which i will be looking forward to short this pair from. Meanwhile we still have to keep the first supply zone in mind. Entry only on...
I spotted 1hr liquidity grab and then price broke structure to the downside leaving behind a fresh supply on the 1hour. if price will react 0n the supply zone,i will be looking for sell entry on the lower time frame.
H4 Timeframe already on a bearish trend.. so waiting for the lowertimeframe structure to align with the higher timeframe and with confirmation,i will be short on GBPCHF
Price broke structure to the down side on the hourly chart. so i am waiting for price to retest that demand zone on 1hr that broke the structure. And with my lowertime frame conforming with the higher time frame,i will be short on AUDCHF.
Price broke structure to the up side leaving an imbalance on the h4 time frame.. also there is an unmitigated demand zone which i will look forward to longing .
