After a vertical move.. it is highly probable that USDCAD makes a move back down to it's original Consolidation Area. This is a classic Pump and dump Set up
Smart Money has indicated a Level of SOS.. Sign of Strength to the upside until we fill imbalance before another move down. I've placed two buy limit orders on GBPJPY @ 150.316
Simple Entry Buy Limit. During Asian we may get this buy entry followed by a London Rally
This pair is not done. The banking institutions are showing their prints that they are not done distributing this pair. This is an hpt based on the monthky bias. We should get this mive by the end of the month
GBP has a minimum of one more leg up. I will be monitoring the up move to know when to begin Selling
Wait for a penetration of this zone then a drop below the zone. The place a sell on smaller TF if the setup presents itself
GBPJPY is due for a wave up. However I believe before we get that massive wave up the market will protect structure and will want to break the previous low to also gain liquidity.
Previously AUDUSD was due for a down wave that was fast and sharp. However, the market has not protected that structure and price is beginning to seek a Weekly level Supply Zone. Therefore the structure has changed. I will continue to look for a sell but at higher levels. Meanwhile, this trade setup is presenting itself on a 4 hour time chart. I will look to long...
USDCAD is currently in a tight range.. Almost all pairs are ranging. Therefore before the release we do not have a clear direction. Banks will eventually want to drive price back down to high Demand Zone. However, before they do that they will attempt to accumulate at these levels or even higher. Therefore you Stop loss should be tight. Until then, we are trading...
Wait for price to use the liquidity it has gained from breaking it's previous low to rise up. That last break of the low has only created a Supply Zone at my entry level. Once price is in that zone, I will update when I enter in the comments section below. I look for a specific patter and entry when entering my trades in those zones.
I will be seeking a buy on EURJPY this week. It has bounced form a important key level and daily demand zone. I will have a tight stop loss on this trade because I'm using the Hourly for entry. However If I get stopped out, I will wait for the penetration of the Demand Zone and then at the open of the next hourly bar, I will re enter. There are circumstances where...
I posted a setup based off of structure from last week. However BFI (Banking and Financial Institutions) are confirming this up move before the leg down. Therefore, we are now set up at another level of demand for a buy. I will place a Limit order. Two positions. I will TP1 at the tp zone and the other I will trail my stop to 111.000 zone.
Many retail traders are selling in this area. However this area was of great significance. Being a Monthly Key level, and Demand Zone. I have placed a buy position on GBPAUD to the next Supply zone that has been created last week.
Follow the digits and wave structure
Seeking a move down on AUDCAD. I will enter when price is telling me to enter on a smaller time frame. After TP if and when it hits, I will Break Even on my stop
Wait for price to come back up to the entry level. Then place a position to sell. the best probability is a liquid stop hunt then placing a sell position above the previous high.
As with Audcad, I am now only looking for buy setups on Audusd. We are in a weekly support zone. I am only taking buy setups for AUDUSD seeking that longer wave up. If we break this support, I will wait until the market has given me clear indication for another buy. Usually a penetration into the support zone, as a fake breakout. and then I will open a buy...
We are weekly support and will open a buy position in this Demand Area. If it breaks this support I will wait until I reaches Monthly Support before a buy position is open again. I'm seeking that larger wave up