We should be on our way up to fill the gap (highlighted in yellow) and tap into our supply zone. We will go down to a lower timeframe once price gets to that point for our entry.
Looking at USDCAD right now to see if it mitigates the fresh supply zone. I will base my trade off lower timeframes to get a higher R:R. I'll be looking for some rejection, exhaustion and bearish momentum. We will have a 6:1 R:R with this set up
Price is tapping into a key level of supply. We have already broken a low so we will continue dropping here. You can have up to a 1:10+ R:R with this set up targeting structure on higher timeframes. Once we get back to demand I expect UJ to continue to rally long
As bearish GU may seem it is actually still bullish. We have not broken major structure. We are also coming into the bottom of a daily demand zone. I will be looking for a buy opportunity on a smaller timeframe with high R:R
I have mapped up the key unmitigated supply zones. I usually take my positions once price reaches 50% of the supply/demand area. Whether it goes against me or not is fine when you consistently use a high R:R ratio such as 1:8 and follow the current trending market. We will have sell limits in those areas. With both of these set ups they are both 1:8 R:R. The gray...
We have a nice set up here in a key demand area. We have a tight stop loss risking 1% to gain 7%
I posted this idea last night. We have tapped into supply and on our way short
Correction we have had a CHoCH and price has retraced and on it's way back up starting an uptrend. We are taking this trade with a 1:2 R:R
As I posted last night we have tapped into a key area of supply. So we should see AU continue to fall here
We just got a reverse pin bar in a supply area. So we will have a high R:R opportunity here
Here is the next high R:R short set up for USDCAD. After that strong move we will need to build some liquidity back up to be taken back out again.
Still waiting for price to get into our demand zone. The buyers currently taking the market up are weak and we will need a more discounted area for buyers. I will be looking for a buy set up from the demand zone.
We have a nice set up here tapping into an area of supply. Price is showing a sign of exhaustion
We have price looking like it's about to fill the gap. Price will almost always fill 50% of these gaps. We may have an entry there otherwise we may have to wait for the area of demand. Price action will tell us when to enter long
EJ still seems to have bullish momentum breaking new highs. I will be looking for a short set up once price gets close to the yellow 4hr supply zone.
We should have an easy week with GU next week. It looks VERY bullish. We have a kangaroo candle printing in a key zone. I expect GU to be bullish all week next week. I will only be looking for buy set ups.
We have 3 touches validating the trend line on the 1hr timeframe. We also have price breaking above it telling us the bulls are starting to take back over.We may see a small pullback but we could see a run back up to 1900
Looks like market manipulation with those two bullish kangaroo candles. We should have a nice short here after the change of character. We have a 1:3 R:R here