We are still very much long bias at this point, however to make the big move, liquidity is needed and they have been collecting a lot of it recently. What I am expecting to see, is a break of from the flag/consolidation pattern, with a break on the short side to pressure the buyers to sell their position, while convincing new players into the market to go short,...
I only trade EURUSD pair cause its what I can easily analyze and therefore predict its movements cause i've studied it for a very long time. Going into the analysis, the provided idea offers at least a 4:1RR, based on ORDER FILL. For now, the price is being dragged down to frustrate the us retail traders into giving and selling our buys so the orders can be...
We are trying to take advantage of the distribution phase of the market. We spotted a break out to the upside. A bit of a gamble to be honest, low risk trade this should be. I believe in the setup, so should you :-)
We came into an price area of interest and the market will be looking to attract the price towards and expansions price area. Its a 3:1 RR trade, and we will know very quickly when the trade is invalidated. This is a swing trade that can go as far as 4:1 RR, possible is a trailing stop is used.
We buy on the break, reasonable stop loss should the trade be invalid