Following the trend of sell I am looking to see price come up short term for GJ to then continue dropping I have found using COT data and price action that smart money have began to sell GBP and is starting to buy JPY so we could see some manipulation up stopping out sellers and activating buy stops the then come down longer term to take out the point of interest...
Just as EU I will be looking for an up to then see price drop further using COT data I found that NZD is bullish as well as that EUR is being sold heavily by smart money using that to our advantage and price action I have found a low risk high reward sell that I would like to see play out long term if smart money stays in the same positions
Please use proper risk...
Here is my bias for EU I am looking for a pull back to then see a drop I will be be keeping an eye on news as well as the DXY to determine if I will enter in this one due to the influx of news this week nonetheless if this one plays out as predicted I would like to assume that GU the set up I just sent out would play out the Same way.
Please use proper risk...
I am currently looking for a pull back to then sell GU off the mitigation candle it would line up with the 71% as well as the 78% FIB level giving us more confluence for a sell.
Please use proper risk management if you choose to take this trade I am not a financial adviser just sharing a few trade idea that I am looking to participate in I look for minimum 1:3...
Price has rejected off the weekly institutional candle that gives me confidence that we can see some bullishness in the future especially after the large drop we recently had. Going down time frames I have found a potential set up coming lower time frames add precision and low risk trade even if it blows past the mitigation candle.
weekly institutional...
Here is a smaller time frame set up I am looking at it as been getting walked down since I believe or would like to see that the DXY is getting stronger AUDUSD should have some reaction cause of that I will be keeping my eye on price action before entering but I have a entry, target and stoploss that I am comfortable with so it is just a matter if reading the...
Depending on how strong or even if the DXY gets stronger I would like to see EURUSD come to the down side to clear up the gaps and hit a mitigation candle that was left open which are highlighted in yellow ovals. The first entry is I like on the 4hr TF but on the 1HR it shows that it has been taking out but the lower mitigation has not been taken out and still has...
Here is my weekly out look before the market opens I will be watching price action before entering any trades I am using the DXY only to have a bias on what the US dollar will do this week since I feel that the DXY will go up in my opinion the US dollar should get stronger.
Price action and time would really determine this entry when price comes to this area I have a higher target long term but the dollar has been getting stronger as well as upcoming red folder news for the dollar that can can make this area invalid.
Eur has news coming up let's see if that would give enough liquidity to get up to our high energetic area if it does I will be looking to short with a 10-15 pip stop loss and a 60 pip for my first take profit that is about a 1: 5.75 risk to reward ratio
4HR set up chart:
Looking to see if this would be a mitigation candle, since it is Sunday I am not looking to enter unless I'm sure since there will be less volatility If I see price action indicating that we can keep moving up I will enter a long position on a pull back
I see a potential head and shoulders pattern forming on the 4 HR I noticed it on the 1HR but in my opinion it looks a bit cleaner I will be following this pair to see if it is at the end of its trend usually head and shoulders indicate the end of the Elliot wave either up or down.
I found something that looks like a head and shoulders on the 15 min for my trading journal I am going to long this trade to see if and if so I can see how head and shoulders move throughout the market so I know what to except in the future. My bias is a overall long position although I am using this for educational purposes.
If my bias is initially correct on the 1hr respecting a staying below the 200 ema and quarter theory I would be looking for a longer term sell of this pair but I would need to analysis the charts once the market opens. I would expect for price to react out my half and quarter levels either trend reversal with a retest or continuation break out and retest
At the opening of the market might tell me from the beginning if my bias is correct or not although if price continues to respect the over all down trend channel we could possibly see a swing to the next quarter level which is 50 pips away. I am looking to do a 1:2 risk ratio I would like to hold this trade longer term in good belief that the market will move down...
Back to the basics of market structure and quarter theory price broke below the trend line I am looking top sell off the retest if the market gives us one
