Wyckoff Distribution occurs! Feel free to comment your thoughts ^^
Keep in mind that price already hit daily mitigation candlestick for buy entry. But is too risky because of daily downtrend. 71% of retailers are on long position, that means we keep looking for sell opportunities, but carefully. Fast break evens and more quality short entries are suggested in order to minimize our losses in case of trend change because of the...
Always drop timeframes to refine your entry for high R:R!
GBP/USD is not well formed. A downward movement seems to be more likely but I am not sure about its direction. I will stay away from this pair for a small period. Feel free to write your opinion on comment section. What your analysis says?
USD/JPY has a breakout of trendline with some Quasimodo patterns in it. This, indicates the change from downtrend to uptrend. If we really believe that breakout we can find some sweet spots that allows us to jump into new trend at good price. Feel free to write your opinion on comment section and stay tuned for updates and more opportunities.
On weekly timeframe, a potential liquidity could float below the double bottom. This is the most likely target. A continuation Quasimodo set up detected on Daily timeframe, so if we believe on our target we could grab the sell opportunity as described on charts. Additionally, we can find an internal liquidity, an extra reason for the market makers to push the...
1. Overall there is a downtrend in the market. So, we are looking for continuation. 2. Too many fresh buyers comes into play. This a sign of short term reversal. 3. Too many retailers runs on profits. This is strong sign of short term reversal.
1. Too many fresh buyers come into play. That means that market will reverse soon (short term reversal) 2. Overall we have downtrend, so we are looking for continuation 3. At the bottom we have large stop loss cluster (around 5.5%) 4. Too many retailers runs in profit and this is sign of short term reversal 5. 60% of retailers runs long positions, that means...
As we know the big players chase the stop losses of retailers to get liquidity. They hit their stop losses and the price returns immediately to make a profit. In this idea we found a large stop loss cluster (5.52%) below the price while the exchange rate is downtrend. This is the potential target of the big players because there they will find the liquidity they...
At 1H timeframe we see a clear manipulation upwards with the result that big players run long positions in loss which they have to close. When the price returns there we can enter a short position to take advantage of this small correction. There is no trend in the market, so a change at this point seems realistic. For the moment, many buyers come out of the...
There seems to be a lot of upward force. The market came to test the imbalance and to continue its normal upward course.
At the daily timeframe we detected a manipulation. Trade seems safe since in a larger timeframe there is a strong uptrend. Open positions of big players run negatively where the price is. They will probably start closing on Monday, and the market will move upwards. Our stop loss will be under candlestick that collected liquidity and take profit a little below...
The price reached the institutional candle. Many sell banks positions will close resulting in a strong reversal. The most demanding traders would expect the price to approach as close as possible to the low of the institutional candlestick, but even now the entry gives a good risk / reward and the stop loss keeps us safe from a break of the double bottom that has...
Above the price we have two important zones that have accumulated liquidity. The equal highs are most likely to break, so somewhere there we will look for our entry. But the price may not stop there. A very likely scenario is to reach the above highs. In any case, we will place our stop loss well above these highs in order to stay safe even in a break. We will...
In the 1H timeframe we find a fairly strong manipulation that keeps open buy positions of big players in loss. If the market returns to this point immediately we can look for our entry above the internal range liquidity. In the red zone is the optimized entry that will give a satisfactory risk / reward ratio. We have to be careful because the structure has...
Daily timeframe has already broken the area of liquidity below the low of April and has shown a slight upward mood. We must pay attention to the two lows of Autumn because if the market does not intend to return to these areas, it will certainly break this zone to collect massive liquidity. The trade at this point is quite risky with not so good risk /...
Price approaching crucial zone. A confirmed manipulation has already formed at the top of the range, that means that the price have to return to that level to let banks get rid of losing positions. The fact that August breaks the previous lows means that a potential manipulation lurks. This is an extra reason to believe that the price will raise soon. However,...