ReigningTrades

ReigningTrades Updated 

EUR/USD is showing signs of overextension on the daily. With an RSI reading of 24 and nearing the bottom of a declining trend line, we should start to see some calls for liquidity from sellers, opening up the opportunity for buyers to recover slightly. I identified our upper supply zone which which sits right at our Major CHoCH level. I’m expecting price to...

ReigningTrades

Quick short idea I saw on the charts today: HTF Recap (from former post - linked below): We are currently at an impasse on the weekly chart as we could not create a higher high after a strong bullish trend. We recently mitigated the HTF supply zone and held at former strong support however we are now struggling to break our former high. I believe that if we...

ReigningTrades Updated 

In an update to my previous analysis and trade setups posts on the USD/CAD pair: We are now seeing the rejection we predicted after grabbing liquidity from our HTF supply zone. We rejected off of the upper trendline and are continuing an unconvincing downtrend and more of a consolidation. A breakout to either side is very possible. This can be part of a massive...

ReigningTrades Updated 

Walkthrough of a trade entry that would yield a 4.4 R:R if successful. We missed the initial opportunity when our CHoCH demand zone was mitigated but still opportunity for a long play if we create this BOS.

ReigningTrades Updated 

Time Frame: - Weekly & Daily for analysis - 4 Hour for execution Trend: Currently in a LTF uptrend within a HTF pullback - Weekly = Down - Daily = Up This one is fairly simple and straight forward but what makes it such a good opportunity is its’ potential of being the reversal pattern in a massive trend reversal. As I mentioned in more detail in my last...

02:41

ReigningTrades

Quick 2:00 clip of, LTF trade signal and entry for potential short-term reversal trade. This is a more risky version of my trading strategy which doesn't put much emphasis on the HTF trends and structure. Do not take this trade - this is just an example that if signals lined up with HTF and there was confluence, this is how I would trade it. Happy trading :)

04:38

ReigningTrades

For all watching, I kept this video very short and straight to the point to show longer term opportunities for the pair and overall objective of where market may want to go. In order to create your own trade bias, further confluence and analysis is needed. TL;DR (or watch) - I see some signal opportunities in the near-term outlook of EUR/CHF as to the downside we...

ReigningTrades

GBP/AUD – 9.20.23 Quick overview our current setup: In our current HTF uptrend, we have just mitigated a HTF demand zone. On the lower time frame, we formed a double bottom and are approaching a minor CHoCH. Once this CHoCH breaks, we will look to enter a long position on a mitigation of our LTF demand zone. This will get us in the trade for a potential BOS. -...

ReigningTrades

AUD/JPY – 9/20/23 As always, I initially begin my analysis process by noting any key economic events taking place for the pair within the coming days. This information could be key to understanding the movement of the charts on a deeper level. - In the pair we’re analyzing today, we’ll see that we’re approaching a strong area of resistance that has failed...

ReigningTrades Updated 

We are currently in a LTF pullback within a higher time frame downtrend. This trade idea initially formulated with the expectation of liquidity zones being mitigated and is now pulling what it needs from the upper bands to create what should be a large reversal to the downside. This pullback point is hitting multiple major confluence points of resistance which...

ReigningTrades Updated 

Time Frame: - Daily/Weekly Analysis - 1HR/2HR Execution - 30Min Confirmation Trend: HTF Downtrend after HTF pullback to 70.70% Fib Weekly = Downtrend Daily = Downtrend 1. We are observing the continuation of a downtrend after a large retrace took us to the 70.70% Fibonacci. 2. We then continued our descent within a strict downward trend line (5 bounces off...

ReigningTrades

Current Picture: We are in a sustained HTF downtrend with price bouncing strongly off the monthly 61.8 retracement level pulling back On both the Weekly and Daily TF we are approaching the break of a major CHoCH as it attempts to break the former swing higher low and reverse from its current uptrend. Analysis and Prediction: If we create a major CHoCH with...

ReigningTrades Updated 

Time Frame: - 4HR analysis - 15min Confirmation for Entry As mentioned in my previous post titled “Clear Head and Shoulders Long or Short term play”, we were waiting for an entry signal into our H&S trade. This signal could come in many ways but in my strategy, once a larger time frame (2Hr-1day) supply zone is hit, I then turn to the lower time frame and wait...

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