ZeusChainlink

ZeusChainlink

Neutral -Trapped Between 2 Monthly Levels -Highest Volume in almost 1.5 Months -Trapped Between 2 Anchored vWAPS from High and Local Low -MS has not been breached until we lose lower Monthly. -Retest of upper Monthly still possible. Bear -Based on the volume that was just absorbed, only to close lower. I think we push to test lower Monthly next. -Terrible R:R,...

ZeusChainlink Updated 

Short -4H SFP attempt to break to the high side. -Selling pressure holding at the weekly open and weekly POC. -Formation i have traded many times, as long as i can obtain a 2R+ target. -Target Daily. -Multiple test of 4H 200EMA as support. -TP1 TP2 @ Weekly Pivots

ZeusChainlink Updated 

Short with stops above recent high/weekly open. Delta Divergence triggered at the recent high, meaning market sellers stepped it + descending triangle formation.

ZeusChainlink Updated 

I don't really like to counter trend trade the 1H, but this seems like a very obvious demand zone. LTF buyer volume has kicked in. At least looking to take some off between 38.2%-50% retrace, then Daily Resistance target. Waiting for small pullback for HL MS to enter.

ZeusChainlink Updated 

Long to weekly TL resistance. Expecting volatility as ECB President speaks at 9:45am. Hedged with EUR/JPY.

ZeusChainlink Updated 

Short to Weekly Support. Expecting volatility as ECB President speaks at 9:45am. Hedged with EUR/USD.

ZeusChainlink

Bear - (Red) Lose Daily Support Bull - (Green) Short retrace and claim Monthly resistance Neutral - (yellow) hold daily support and move back to 61.8% Large Specs stacking shorts, but more room to move up to weekly TL resistance.

ZeusChainlink

Bear - (Red) Lose the H&S neckline lows and move down to Daily support. Bull - (Green) Break LTF Bear MS and move back to the high side of the range. Conclusion -Follow LTF MS. - Keep in mind the Large Specs are accumulating EUR longs

ZeusChainlink

Bear - (Red) Breakdown to retest Monthly/Weekly TL/61.8% Bull - (Yellow) Breakout of Monthly level Neutral - (Green) Range between Daily Zone and Monthly

ZeusChainlink

4H - Preparing for potential setups. Bear -Rejection at this TL Resistance leads to Weekly support retest. Bull -Break through TL to test Monthly, then Pullback. Conclusion -Distribution will have to happen at some point, but how far can it run.

ZeusChainlink

This situation is ideal for a hedged trade. Bear -4H SFP of highs (stop hunt), but distribution volume not showing bearish strength. -200 Day EMA Resistance Bull -S/R Flip of Daily, retesting now and long to monthly/61.8% Conclusion -Hedge and take both

ZeusChainlink

-This presents a bearish H&S setup, but the volume is not showing signs of distribution. -Volume actually looks loaded with accumulation throughout the entire range. -First 2 peaks showed Delta Divergence (Bidder Short Orders), but no Delta Divergence on this right shoulder. -COT shows the Large Specs accumulating EUR/USD, which probably affects EUR/GBP...

ZeusChainlink

At monthly resistance, but shorting the strong trend, prior to MS shift, seems like a bad idea. Bull -Wait for break and retest of Monthly Level as support -Wait for pullback to Daily Support -Wait for pullback to Monthly support + 61.8% confluence -Volume still strong accumulation Bear -Wait for MS shift to break an hourly low -Large specs still stacking...

ZeusChainlink Updated 

Building a tighter long here based on the volume of this 30M continuation. Net buying volume has spiked. I still am looking to build a separate long on a further decline in price, but will treat this as a separate R:R opportunity. The intent is to take action based on the information the market presents me and not have to be fixed in thought.

ZeusChainlink Updated 

Bear -Large Speculators began building shorts 5/3/2020. -Since then, there has not been a significant amount of distribution volume. -I think ideally most traders (me) were looking for the parallel channel below Weekly resistance to break down and prove to be a flag. -POC for the period of short accumulation is marked, and has proven to be the ideal place for...

ZeusChainlink

I am looking to add longs, but not until we get a pullback to Weekly, which also happens to be 38.2%.

12:11

ZeusChainlink

I made this video for personal improvement, so that i can remember to review this data in the future. Review of: -Large speculators/commercial positions changing -Their process of accumulation/distribution -Volume and identifying the ranges used to build larger long positions. Educational feedback appreciated.

ZeusChainlink Updated 

Partial position. Long here on the increased volume SFP @ Weekly Support. Still looking for shorts higher up.