UJ finally gave us some structure to work with. Bias is based on the fact that demand failed to hold, sentiment has shifted bearish however there is plenty of liquidity to clear before price moves down which gives opportunity on both buy and sell side. A new high invalidates this outlook.
Crazy scenes from GBPUSD this week, price is obviously completing higher timeframe objectives. Price is approaching a 8hr mitigation. If price retraces to supply and gives signal without having mitigated this zone, then sells are valid. Buys are valid if price interacts with zone and gives CHoCH on at least 5 min. Price is unlikely to buy all the way up from...
Bullish on EU into next week. Price this week invalidated a higher timeframe supply zone and returned to mitigate higher timeframe Demand. Watching the lower timeframes for intraday trade opportunities based on unmitigated supply/demand and overall structure. Expecting price to either be bullish, or consolidate next week. Bullish sentiment is invalid if price...
Price is currently in down move as it approaches premium demand levels. looking for CHoCH at these levels to justify buys to supply in order to take sells from supply. Easy enough in theory.
GJ finally provided some structure to work with. Price ended week at a demand zone, if we can get shifts in orderflow we buy up to mitigate at supply. We sell to demand if price climbs to supply as I believe sentiment may shift bearish on larger timeframe, it can only go up in a line for so long. Easy enough in theory. Buy demand, sell supply. lets see how it plays.
NAS is moving down with momentum towards premium demand. I expect this low to hold and will be looking for buys at it. However there is no liquidity to the upside and this needs to be engineered. Long trades should be taken to nearby supply. short trades should be taken to unmitigated LTF demand.
Prop-firms tell us to come trade for them so that they can take trades off our ideas. In reality they make their money on relying on the fact that 95% of traders are unprofitable and will fail either the challenge or verification stages of their trading. People fail because either they do not have a real edge on the market, they cannot control their emotions, or...
Interesting price action this week from UCAD. My bias is that we are overall bullish on the larger TF. Last week mitigated a HTF OB, and broke structure to the upside. However it did so with very inefficient price action. I am expecting a retrace of this action to discount prices in order to resume bullish momentum. This should provide good structure for short...
Open to shorts, we are in uptrend, buy areas are unclear at the moment. Look for price to fall and restart bullish ODF to get in on long side.
Bearish on NAS, open to short positions based on structure. Not interested in buying till price falls to HTF bullish OBs.
Clearly bearish, hoping this leg gives a retrace to continue pushing lower from. Not interested in buying atm.
Forgot to post GU yesterday. Short on GU, Asia/LDN tonight could give us our high to continue lower. Price broke structure to the downside so the high that caused it should hold if institutions wish to continue selling.
USDCAD is harder to see, I think we are bullish HTF, but still open to sells to retrace this bullish leg.
Bearish outlook on US30. Looking for sells, don't see anything interesting to buy at this point.
Bearish on GU into this week. Same as always, if price wants to go down lower it will likely run up first and achieve a liquidity goal before continued selling. These are areas that are interesting to me.
No doubt that UJ is in a bull run, but we keep running liq to the upside and have to grab some downside eventually. Hoping we do so next week so I can get on the right side of this market.
Price just ran pretty significant liquidity and printed a new high. Open to shorts. should price break structure to the downside, ill be watching for retracements to continue downtrend to sell side liq targets.
Bearish on US30, open to a buy if price returns to the origin of this last impulse move up early in the week as I expect this impulse to continue to take out buy side liquidity before continuing to push down. Invalid buy if price just keep climbing.