ReigningTrades

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...