VMT_Trading

VMT_Trading

Major confluence finally hit. After the last liquidity run just beyond the 61.8% fib of the down move (traders caught on the wrong side of the market) its safe to say big money is now ready to position short on this pair and long on the Dollar for some sexy swing positions.

VMT_Trading

Self-explanatory.

VMT_Trading

Expecting a bounce off the 61 Fibo of the larger move up and for the corrective bear flag to complete the pattern.

VMT_Trading

Double Top - chart speaks for itself.

VMT_Trading

Rejection at the 61.3% Fibo of the downward impulse on the 4hr timeframe. Creating a lower timeframe buy setup to the third touch of this corrective flag variation.

VMT_Trading

After breaking out on the 3rd touch of the structure price as formed a clear reversal structure and a move right down up until the begining of the structure is expected. DXY looks like it supports this kind of move.

VMT_Trading

Clear FAKEOUT and now retailers on the wrong side of this trade are going to have their stop losses completely shattered which will make for a sharp move down right until the beginning of the structure.

VMT_Trading

3rd Touch of the outer structure, with a beautiful ascending channel that signifies a reversal pattern forming. Look at lower timeframes for precise entries with proper risk management.

VMT_Trading

Typical 3 touch setup. Big 4 hour candle, waiting for confirmation on the 15 minute time frame for a very precise and clean entry.

VMT_Trading

EXPECTING A RETEST OF THE BREAKOUT AT A KEY FIB LEVEL THEN TO THE MOON WE GO!

VMT_Trading

In line with EUR/USD analysis, Fib levels on this pair appear to have held throughout the Asia session and a continuation of the original impulse from the top of the structure appears to be on the cards.

VMT_Trading

50% of the Downward Impulse looks like it may hold as its also a confluence point of the expansive corrective structure (3rd touch). Retail Positioning also look like its skewed to being bullish and we typically take a contrarian view to crowd sentiment, further supporting a bearish bias.

VMT_Trading

Bear Flag risk entry with a high probability setup - supported by a potential Head & Shoulders pattern.

VMT_Trading

Impulse. Correction. Continuation. Simple.

VMT_Trading

Short from the 61.8%Fib of the impulse down. Confluence point is supported by the immediate support to the left.