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
Gold has tapped into supply. We should see a short from here
Waiting for price to break and retest below the neck line. If we break the neckline we may see price melt tonight
I posted a set up earlier about this pair but this is a better outlook. I have highlighted the demand zone . We have a huge gap in volume on the volume profile so price is probably going to drop fast through this area. From there we can look for a buy setup.
We have the bulls easily controlling price. We have a gap that needs to be filled as well. I will be looking for a buy set up once the gap is filled with a high R:R opportunity
So far so good. You can move your stop loss to break even if you haven't already. Price still needs to fill the imbalance. Therefor we will hold the trade until we fill the imbalance
So as you know we entered at the top. Looking at market structure we need to fill in the imbalance. So this could be up to 1:12 RR. You could move stop loss to break even if you are more conservative.