Potential Wyckoff distribution schematic on the 5m Chart The pair is over-extended to the up side and is ready to move to the down side. If it is wyckoff, we will be entering the last two phases before the sell off. As usual, trade responsibly and use appropriate risk for your account.
This seems to be confirming my earlier prediction. Let's see what happens
Looking at the 5m chart of this pair I noticed a similarity to the wyckoff accumulation schematic. It has been hovering around a daily key level for the day which would give the indication that the pair is ready to move. I'd ideally like to see a higher low being formed on the daily timeframe and look to get to higher highs. Please comment your thoughts if you...
Head and Shoulders on higher timeframes - Looking to sell at hourly supply zone Please trade responsibly and use appropriate risk management.
Looking for shorts in this area as we have an untested supply zone and generally I'm bullish on the USD hence bearish on this pair. Please use responsible risk and manage your trade
After extending my stop slightly to accomodate this pair begrudgingly, I have now observed a near perfect Wyckoff schematic of distribution on the 5m timeframe. If I am correct the institutions will begin their sellof shortly as I believe we are in the last phase where we saw increased volume with a rather weak reaction compared to the previous test where we had...
Reaching a level of supply on the 5m chart before the recent drastic drop in price, this gives us an opportunity for a low risk high reward trade. Lets see how it plays out. Please risk responsibly and manage your trade at every demand zone.
Price broke upwards with strong momentum and then printed this bullish flag pattern. Please manage your trade, I usually set to break even after breaking hourly highs and then continue to do so from then on. I've drawn out supply zones above to watch out for
Long idea based off previous demand zone from 4 March. Could keep partials for a long term swing. Trade responsibly and use proper risk management.
After this clear manipulation candle closed back in the range, I'm confident price will now rise. Bear in mind we are at the bottom of a long uptrend, there is a lot of weight on the market, please use appropriate risk management for a reversal trade. Let me know your thoughts.
After seeing a rejection to the upside from this daily support I'm in for a buy. Dollar reaching 4 month highs I expect a retracement and hopefully some strength can be found in the Euro. Let me know your thoughts? The risk to reward on this is huge hence my entry.
Hey Guys Comment on my analysis - I entered off the 50% fib retracement level after EURUSD has been showing signs of bullish strength. 15 pip stop loss. Please trade responsibly and manage your risk and position size correctly.
After impulse move to the upside with momentum, I'm seeing this bullish continuation pattern (flag) and look to take entry on this bullish retracement candle at the hour close. The pair is in an overall uptrend and I foresee some good gains. Please trade responsibly and manage your risk, manage the trade and move your stop loss accordingly to maximise profits
Downtrend seemed to reverse after touching daily demand zone and showed bullish momentum with continuation which gives me confirmation. Looking for entry at 50% retracement and aiming for daily supply zone. Please trade responsibly with proper risk management and make your own decisisions. Take note of news coming out in the next few hours.
After a strong downward impulse, we saw a bearish flag form with even highs which were manipulated. Price came back to the last supply zone on the hourly chart and rejected strongly, we sold the retracement and look for a 1:5 RR.
4 minutes ago Hey guys Please give me some feedback, I would much appreciate it - Price broke weekly key level then rejected down - Price showed indication of distribution - Looking at divergence on the 1hr timeframe signifying down trend - Break to the downside of rising wedge - Imbalance candle on 15m timeframe lined up with 50% fib retracement. If you feel...
Hey guys Please give me some feedback, I would much appreciate it - Price broke weekly key level then rejected down - Price showed indication of distribution - Looking at divergence on the 1hr timeframe signifying down trend - Break to the downside of rising wedge - Imbalance candle on 15m timeframe lined up with 50% fib retracement. If you feel the same or...