We are currently in a downtrend on the 4H and 1H charts, with some decent movement still left to go before hitting the demand zone at 0.83850. Once it hits this demand zone I will be looking for a rally or reversal which will likely bring us back to a state of equilibrium. TRADE IDEA : SHORT FROM SUPPLY RISK ENTRY - ENTRY :0.84927 SL : 0.85113 TP :...
Gold in a range but has created a liquidity grab to the upside after yesterdays range. It has now broken this range to the downside after the liquidity grab. Potential idea for price to retest the supply zone marked up on the chart. sell from this zone aiming for a target at 3269.00 Entry : 3395.802 SL : 3415.50 TP : 3271.50 Will only take short once price...
Short on GBPJPY for 6th May 2025 Looking for GJ to retest the 1H supply left open at from yesterday. Confluences : Imbalance on 02:00 candle Supply zone at 01:00 Candle Fib retrace at 61% right in supply zone. Overall downtrend on the daily time frame. Entry 191.883 SL 192.154 TP 189
Looking at price action we have a lot of upside potential but we currently have a massive imblaance below after all the tarriff chaos. expecting a quick touch on the supply above with an expectation to collect all of the imbalance below ready for a drive to the zone you can see at the top of the chart. These are supply zones which are still left open from June...
AUDUSD current phase of consolidation ending soon. Will breakout one way or the other but I'm betting bearish. Noteable supply one at top of consolidation, with massive liquidity grab above. Coming back into this supply after asia session 28th April. Waiting for confirmation on the drop. I will be looking for a break in structure to the downside on the 30min...
There was a risk entry on the 15M chart which may yet play out but if it breaks to the upside I expect it to return to the 1H supply zone marked ready to take out the remaining imbalance below with the news candle from Weds evening. We're still in a downtrend but I suspect with the news of tariffs being paused for the next 90 days there may be a rally, would...
After the chaos that was the markets with President Trumps announcements yesterday there is a few imbalances that need filling. Whether they will fill quickly is anyones guess but I'm working on the theory shown in the image above. If we get the break of structure marked as BOS 5M then I would suspect a retracement to a level close to where my long is marked on...
If breaks 194.194 then could re-test demand zones below. Both visible on the 1H chart. Extreme demand zone at days low saw a very bullish candle so likely a good place to aim for. Could take short from 194.194 intraday if breaks and forms new LL
The white line on the chart is a path drawn from the daily chart, we have had a nice correction to the green line marked on the chart. Expecting a retest of the level marked by the red line before a day trade short running down to the previous low created on March 11th. If it breaks back in to the zone marked by the red and green lines, then I wouldn't take the...
Bullish continuation on the GBPUSD. Came down for a third touch on this level marked with the red line. In a nice area of Supply from the 1D chart. Aiming for a push to the up-side from this supply zone up to around 1.300. Will move SL to break even at 1.298
Looking at the chart we are in a downtrend at the minute with a little consolidation around the current level (18th Mar 2025), This level is below the key level from November and like to continue the DT to hit the next key level as marked on the chart with the SHORT Position. Wait for confirmation of the break of the recent low (marked in white dotted line) and...