ReigningTrades

ReigningTrades

As I mentioned in my setups last week, we broke out of a HTF triangle to the downside. We are currently in an uptrend pullback but are at 2 key retrace levels on the fib from recent swing high and low that we can target as scalp trades prior to taking our longer term short trade. Since we just broke out of a strong downtrend trend line to the upside, we expect an...

ReigningTrades

Happy Sunday and Labor Day Weekend for those celebrating! However, the FourX market never goes on holiday. Updated outlook and analysis on USD/CAD - we have some very interesting confluence at important levels to determine the controlling trend. We are currently in a daily pullback (uptrend) within a HTF downtrend with signs of either: 1. Reversal from LTF...

08:33

ReigningTrades

Over the past few days i've posted a few trade ideas and setups specifically in regard to the USD/CAD pair. In this video I walk you through my thought process for the overall future of the pair in addition to a breakdown of the trades I took (2/3 have hit their take profit so far) and my setup for taking them. This is my first analysis video so I apologize if...

ReigningTrades Updated 

On the 1 hour chart, after a HTF double top and subsequent CHoCH, we identified the Supply zone which was hit and that led to a bearish Break of Structure (BOS). We now have an opportunity to enter a short position once price reaches the Supply Zone created by the most recent BOS. We will only take this trade if price reaches our supply zone with low volume – any...

ReigningTrades Updated 

After a minor CHoCH on the 5/15 min charts, I will be taking a quick long scalp toward the HTF CHoCH Supply Zone that I mentioned in my previous post. This 2.5 R:R will lead to my larger short-side trade when supply zone hits Stop Loss: Below demand zone (created by CHoCH) Take Profit: HTF Supply Zone

ReigningTrades

Time Frame: Weekly/Daily – Analysis & Levels 1 HR – Confirmation 1 HR/30 Min - Execution Trend: LTF Pullback within HTF downtrend. Resistance and bounce at 50% retracement on fib. - HTF (Daily) = Downtrend - LTF (1 Hour) = Uptrend This trade has a lot of confluence for us to have a pretty sizable move to the downside. 1. We have a symmetrical triangle...

ReigningTrades Updated 

Broke through the 61.8% fib on the retracement - Potential for a bounce off this 61.8% and long trade to the upside. Expect some resistance at the 1.2727 level (known Supply/resistance zone). Take first profit here. But a low volume resistance and break through can bring us further up

ReigningTrades

Time Frame: - Weekly & Daily for analysis - 4 Hour for execution Trend: Currently in a LTF uptrend (pullback) within a HTF downtrend - Weekly = Down - Daily = Up My hypothesis for this pair (orange price prediction) is for this daily pullback to continue in order to sweep further liquidity from the larger (green) trend that had been in control since mid-2021...

ReigningTrades

Reasons for this trade (Step by Step): 1. On the daily time frame we broke out of a strong uptrend and trend line which had 5 bounces of support and 3 points of resistance. 2. After breaking out, we immediately mitigated our HTF supply zone which gave us enough liquidity and downside momentum for bearish Change in Character (CHoCH). 3. We then found the CHoCH...